Best 12 Payment Gateways In India That You Need To Know About
The indian subcontinent is witnessing a fintech revolution on an extraordinary scale. Fintech manufacturers keep in mind india and its populace a turnkey answer for digitized price innovation. The united states of america is increasingly more moving in the direction of a cashless economy, with transactional transparencies and competitive provider fees, among other perks.
If you are a purchaser or a service provider in india, you must appearance over the subsequent few alternatives to peer which one feels proper in your enterprise.
1. CashFree
Cashfree, as a gateway answer, has several ecommerce CMS systems, integrations, and low usage fees that add to its credibility. Organizations like OlaMoney, Delhivery, Zoomcar, MedLife, Cred, and Zomato are some renowned clients using Cashfree’s services.
Set-up price : Free
Annual charge : Free
Transactional rate :
- 1.90% whilst you use net banking, virtual wallets, google pay, and debit/credit playing cards.
- 3.5% + inr 7 for visa and mastercard worldwide credit score/debit cards
- 2.95% for Diners Club and American Express cards
- 2.5% for PayLater and Cardless EMIs
- 0% for UPI and RuPay
Accepted payment methods :
UPI, EMI, digital wallets, debit/credit cards, and 100+ other charge options
Supported currencies :
INR, USD, BDT, AUD, CAD, JPY, GBP, NZD, NPR, and 15 other supported currencies.
Approvals and onboarding time : 2-4 days
eCommerce platform integration :
WooCommerce, Magento, and Shopify, amongst others
2. Razor pay
Razor pay permit its customers seamlessly behavior automatic bills. Its low-code integration permits for quick adoption via smes, thereby requiring little to nearly no tech help.
Additionally, as a commercial enterprise patron, you get in-depth commercial enterprise-driven analytical resource within the form of reporting and insights.
Set-up charge : Free
Annual price : Free
Transactional charge
- 2% for Indian consumer Credit/Debit cards, Net Banking, UPI, and Mobile Wallets.
- 3% for Diners and Amex cards, International cards, EMI on Credit cards, Debit cards, and cardless transactions),
- International cards, and EMIs.
- 2% Razor pay platform fee for Flash Checkout, Reports, Dashboard, and other features.
Accepted payment methods :
NEFT, RTGS, IMPS, UPI payments, Virtual bank accounts, & UPI IDs, Credit cards, Debit cards, cardless, international cards, EMI, and corporate Credit cards.
Supported currencies :
100+ currencies from around the globe along with INR, AUD, GBP, USD, and so on.
Approvals and onboarding time : 4-5 days
Ecommerce platform integration :
Razor pay integrates with all main CMS ecommerce systems given its Java SDK integration builds.
3. Paytm
Paytm is a fintech aggregator with a big service provider and stop-consumer adoption. It has great protection features and helps diverse price sources. The price platform serves as a b2b/b2c charge gateway service to adani offerings, reliance Jio, uber, Zomato, Swiggy, and many others.
Set-up price : Free
Annual price: Free
Transactional charge : 18% GST+
- 1.80% for Net banking,
- 1.55% for PayTm Wallets,
- 1.85% for Credit Cards
- AMEX/International: 2.65%
- 0.4% for Debit cards below
Accepted payment methods :
UPI, Debit card, Credit card, Netbanking, AMEX/global
Supported currencies :
All active currencies
Approvals and onboarding time :
Approvals are subject to KYC crowning glory.
Ecommerce platform integration :
Magento is recommended however it supports other ecommerce CMS structures too.
4. PayPal
PayPal is co-evolved and owned by means of Elon musk. It renders PCI DSS-protected fee gateway solutions in india alongside 200 different international locations, whilst servicing extra than 325 million lively customers.
Its global presence has earned it a valuable recognition, which maintains to assist make bigger its existing consumer base.
Set-up Price : Free
Annual Price : Free
Transactional fee : 5% + 3 INR per transaction
Accepted payment methods :
Netbanking, digital wallets, cash cards, Visa, MasterCard, American Express, and Discover
Supported currencies :
56 different currencies including INR, USD, GBP, CAD, and more.
Approvals and onboarding time :
Merchants need to approve the request from their end within 30 days of PayPal approval
eCommerce platform integration :
Integrates with any eCommerce CMS platform that provides an active service account.
5. PayU
PayU is notably customizable as it helps toughen your digital payments with native OTP and one-click on payments for recurring transactions, immediately refunds for your enterprise, and a nifty roll-up of all purchaser transactions to your ecommerce website.
Set-up Price : Free
Annual Price : Free
Transactional Price : 2% + GST per transaction
Accepted payment methods :
100 different payment methods are supported, including EMI, UPI, net banking, cards, wallets, Buy Now Pay Later, etc.
Supported currencies :
Over 100+ foreign currencies, including the Indian Rupees.
Approvals and onboarding time : 1-2 days
eCommerce platform integration :
Highly customizable and integrable with any eCommerce CMS
6. IppoPay
IppoPay provides e-commerce answer in your online store. With just a few clean steps of integration, get your business onboard at receiving bills online.
Set-up Price : Free
Annual Price: Free
Transaction Price : 1.9% for credit, debit Ewallets and Net banking, 3.5% for international cards
Accepted payment methods :
Credit/Debit cards, Netbanking, UPI etc..International cards
Supported currencies :
150+ currencies including USD, EUR, GBP, INR, and Major Countries
Approvals and onboarding time : Within 24 hours
eCommerce platform integration :
Easy React JS, Python, PHP, Java, Node Js CMS-agnostic eCommerce integrations
7. Bill desk
Bill table is a government-owned Bharat invoice charge working unit that is one of the most depended on payment gateways in india. Bill table simplifies payments for daily bills and utilities like telephone, gasoline, insurance, ISP, credit score card, gasoline, and different services via its various banking offerings.
Set-up Price: Free
Annual Price :
Startup plan – Privilege plan – INR 30,000
Transactional Price :
0.90% of every transaction + 18% GST
Accepted payment methods :
120+ Credit cards, Debit cards, Banks, Net Banking, Wallets
Supported currencies :
70+ major currencies including INR of course.
Approvals and onboarding time : 1-2 days
eCommerce platform integration :
Magento is recommended as an eCommerce platform to gain benefits from its diverse plugin integrations
1-2 days
8. CCAvenue
CCAvenueis a service provider-centric carrier that supports the local indian SME industries, assisting them avail of top rate digital transaction gateway offerings without spending a dime. It additionally grants them corporation-grade PCI DSS certified protection and smart dynamic routing.
Set-up Price:
Free for the financial system package, then inr 1200 from the first 12 months
Annual Price :
- 2% of all for domestic Credit/Debit Cards, Digital Wallets, Netbanking, and UPI transactions
- 4.99% for all international Debit/Credit Cards
- 3% for all domestic corporate/commercial Credit cards
- 4% for all American Express, Amex EMI, and Diners Club Cards
- 4.99% for all 27 multi-currency options.
Accepted payment methods :
200+ payment methods including EMI options
Supported currencies :
INR + 27 other foreign currencies
Approvals and onboarding time : 1-2 days
eCommerce platform integration :
Magento, Opencart, Zencart, Prestashop, Drupal, et al.
9. Next Gen Payment Gateway (formerly EBS)
Next gen price gateway is one of the first indian merchants to achieve the PCI DSS 3.0 compliance requirements. It’s miles frequently audited as in step with iso 27001- 2013 requirements, thereby making it one of the maximum comfortable charge gateways within the us of a currently.
Set-up Price: Free
Annual Price:
- 2% for any transaction with Domestic Credit/Debit cards and Net banking if you have the Starter Pack.
- 3% if you pay with Amex, ezeClick, JCB, Diners, Wallets, and Cash cards.
- 0.3% additional TDR on Axis Bank, Kotak Bank, and HDFC Bank transactions
- INR 7 is charged for fraud management on international transactions
- 18% GST is applicable on the transaction fee.
Accepted payment methods :
Over 100 different payment methods including a wallet and EMI
Supported currencies :
27 international currencies supported including INR
Approvals and onboarding time : 1-2 days
eCommerce platform integration :
Magento, OpenCart, Woo Commerce, and Shopify, are among 19 different leading CMSs.
10. PayKun
The payment gateway PayKun caters to firms, SMEs, NGOs, ecommerce manufacturers, and lots of different sectors.
The price solution is a cell-optimized internet site, which caters to GR transactions, at the side of different default methods. PayKun gives single-click on clean refund, charge failure downtime options, and subscription charge techniques to traders.
Set-up Price: Free
Annual Price:
1.75% for domestic transactions + GST as applicable
Accepted payment methods :
UPI wallet payments, subscription payments, Debit/Credit cards, Master Card, diners club card, net banking, wallets, UPI/BHIM
Supported currencies : Only domestic support
Approvals and onboarding time : 1 hour
eCommerce platform integration :
Cross-platform integrations available
11. Instamojo
Instamojo enables businesses pay for sundry digital offerings like on-demand entertainment services, virtual documents, tickets, and so on.
It enables your commercial enterprise maintain and run a consumer-centric retail engagement application with omnichannel transaction repute updates, thereby making sure a dependable enjoy for merchants and purchasers alike.
Pricing and other fees
Set-up Price: Free
Annual Price:
- 2%+ INR 3 for EMI, Net Banking, Domestic Debit/Credit cards, Wallets, BNPL, etc.
- 3%+ INR International cards and American Express Cards
- 18% GST on transaction fees
Accepted payment methods :
170+ payment methods including RTGS/Bank Transfer/NEFT/EMI
Supported currencies : Only domestic payments supported
Approvals and onboarding time : 2-3 working days
eCommerce platform integration :
Magento and OpenCart are ideal but other options continue to be serviced too.
12. EaseBuzz
EaseBuzz is a rapidly developing fee and marketplace-disrupting on line charge solution with 10,000 service provider providers presently counting on it for KYS-Free services.
The payment platform offers an exhaustive cloud-based dashboard with in-constructed analytical and development tools for API customizations.
Set-up fee : Free
Annual fee : Free
Accepted payment methods : Debit/Credit, Netbanking, etc.
Supported currencies : Domestic payments only
Approvals and onboarding time : 5-10 minutes
eCommerce platform integration :
Easy PnP CMS-agnostic eCommerce integrations
