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Best Indian Payment Gateways

Best Indian Payment Gateways

Nowadays, everyone in India is becoming habituate to the ease of shopping online. What’s more, therefore, online businesses are increasing wisely in India. 

Although the cash on delivery method is the way of shopping with which most of the people are usual, payment through cards either credit or debit or even net banking for online shopping is increasing day by day by plenty of customers. Best Indian Payment Gateways

This reason is enough to give value for e-commerce website to be financially successful, the selection of a good payment gateway provider is mandatory. We list down the Payment Gateways in India for you.

Razorpay

Razorpay is a very famous and powerful payment gateway for businesses. The company was founded in 2014 and now it has more than 800K customers who use Razorpay payment gateway. Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. Best Indian Payment Gateways

The payment gateway allows you to accept payment via various types of methods such as credit/debit card, net-banking, UPI, and wallets. There are different kinds of websites such are WooCommerce, Magento, CS-Cart, OpenCart, and so on; Razorpay can be used as a payment gateway.

Big business names such as Facebook, Quikr, 1MG, NYKAA, Swiggy etc have been using Razorpay payment gateway. Best Indian Payment Gateways

You can manage your marketplace and automate bank transfers. Along with this, there are also facilities for collecting recurring payments, share invoices, and avail working capital loans.

Feature:

 

    • API driven automation

    • 100+ payment modes

    • Dashboard facility to check real-time data

    • Easy integration

    • Integration with the website for payment

    • 24/7 support

    • Instant activation

    • Easy integration with less code.

    • Fast and secure payments.

    • Credit/debit card, UPI, net-banking, and 100+ payment methods.

    • Better conversion rate.

    • All major international cards are accepted

    • Real-time currency conversion is possible

    • Zero setup cost Best Indian Payment Gateways

Cons:

The high failure rate in international transaction

 Instamojo

Another successful Indian payment gateway is Instamojo. It has more than 1 million active customers. Instamojo get famous because it’s easy to use and it has extremely simple user-interface. Best Indian Payment Gateways

This payment gateway has gain popularity because of the ease of use and extremely simple user-interface. It also allows recurring billing facility so that merchants can accept payment on a monthly basis. Instamojo provides integration with website and mobile integration can also be done.

The best thing about Instamojo is, it takes no charge for NEFT/RTGS and bank transfer. It does not support multicurrency payment.WIRE, Zepo, Adani Realty, SpringBoard are three of the top customers of Instamojo. Best Indian Payment Gateways

Feature:

  • Electronic invoice payment
  • Website and application integration
  • Recurring payment
  • Online store
  • 100+ payment modes
  • Live chat facility
  • Zero setup fees
  • Allows free digital file hosting
  • Allows sharable payment links
  • Smooth user-interface

Cons:

Does not support multicurrency payment.

Paytm

Paytm is the first name when we hear about making an online payment. It is excellent and extremely easy to use. Paytm supports all the domestic credit and debit cards which are linked with more than 50 banks. Paytm is the user-friendly which is best. Best Indian Payment Gateways

It is designed in such a way that everyone easily understands how to make payment but we can’t do an international transaction.

Popular companies like Zomato, Uber, Adani, Jio, Swiggy and there are thousands of companies are using Paytm payment gateway.

Feature:

 

    • Easy mobile payments

    • Invoice of payment

    • Cards can be saved

    • Recurring billing facility

    • Website payment

    • Allows multiple currency processing

    • Supports all the domestic credit and debit cards

    • Easy to use Best Indian Payment Gateways

    • Good user-interface

    • Faster transaction

Cons:

It does not support international transaction. Best Indian Payment Gateways

Cashfree

Cashfree is the cheapest payment gateway in India that’s why it receives maximum outreach. It offers fast payment service and instant refund facility. Best Indian Payment Gateways

The company was started in 2015 and now it has more than 15,000 businesses using their service. Cashfree accepts payments through credit/debit card, net-banking and UPI. The international payments are also received by Cashfree. 

This payment gateway has a solution called “Cashgram”. It generates a weblink so that businesses can send it to users and collect payment. Best Indian Payment Gateways

Cashfree has big names in their list of customers that includes Cred, Dunzo, Xiaomi, HDFC ERGO, Zoomcar and so on.

Feature:

  • No setup cost
  • Invoice generation
  • Fraud checking
  • Easy to configure
  • Low transaction fee
  • High security
  • Recurring billing facility
  • Website integration
  • Auto collection of payment
  • Instant refund

Cons:

Cashfree prefers to work with government-registered businesses.

Paypal

Paypal, having a worldwide standing, can be a decent decision for your business. The installment programming monster has a presence in excess of 200 nations and in excess of 325 million dynamic clients.

PayPal has a-list security for making an online exchange. It permits pretty much every worldwide credit and debit card. What’s more, it additionally underpins worldwide cash repayment. Vendors can pull out cash in 56 monetary forms. Best Indian Payment Gateways

The organization furnishes consistent shopping with a checkout transformation that is 82% higher than other installment strategies.

PayPal also monitors transaction 24/7 that protects customers from fraud. There is also a facility for recurring payment.
There are large business names, for example, Udemy, MakeMyTrip, ALT Balaji who use PayPal. Best Indian Payment Gateways

Feature:

  • Electronic invoice
  • Website integration
  • International transaction
  • Fraud protection service
  • Allows multiple currency processing
  • 24/7 customer support
  • Recurring payment
  • Card details can be saved
  • Mobile payments can be done
  • Secure and fast
  • Payment using QR code

Cons:

Not advisable for smaller transaction as the charges are high.

CCAVENUE

CCAvenue is one of the most popular payment gateways in India. It is easy to use, fast and secure.

It allows website integration and application integration as well. The transaction page is fully responsive and it provides a quick and simple checkout experience. Best Indian Payment Gateways

For security purpose, the company has built FRISK (Fraud and Risk Identification System & Knowledge). This provides a safe and secure payment environment. The best thing about this payment gateway is, there are no withdrawal fees.

Feature:

  • Mobile payments
  • Website integration
  • International transaction
  • Allows multiple currency processing
  • Invoice generation
  • Fraud detection system
  • 24/7 support
  • Recurring payments
  • Fast account activation within one hour
  • Easy integration

Cons:

Not advisable for smaller transaction as the charges are high.

PayU

PayU is a Netherland based organization that offers online payment technology to dealers. The organization works in 17 nations.

The organization has in excess of 100 installment strategies containing net-banking, cards, wallets, EMI, UPI and purchase currently pay later.

Another extraordinary thing about PayU is, it permits clients for customization in the checkout page. Subsequent to beginning with PayU, the organization shows all the exchange in the dashboard. Best Indian Payment Gateways

The payment gateway has simple and excellent UI and the organization permits shippers to coordinate a website and mobile application too.

Netflix, Airbnb, Dream11 and Ola have been utilizing PayU installment entryway. Best Indian Payment Gateways

Feature:

  • Invoice generation
  • Website and mobile integration
  • Facility for recurring billing
  • Multiple currency processing
  • Dedicated account manager
  • International payments
  • 100+ foreign currency

Cons:

Some customers have experienced delay in payments.

Mobikwik

MobiKwik is also one of the fastest-growing payment gateways in India. This payment gateway focuses more on providing a smooth mobile-friendly experience. It has a feature that detects OTP(One Time Password) automatically. The payment gateway also shows website analytics. Best Indian Payment Gateways

MobiKwik supports credit and debit cards, wallets, international cards, UPI and EMIs. It can be integrated with websites and applications. It does not support recurring billing feature.

Zomato, Uber and Business World are the popular customers of MobiKwik. Best Indian Payment Gateways

Feature:

  • Website and mobile payment
  • Mobile friendly user-interface and user-experience
  • Auto read OTP
  • Supports credit and debit cards, wallets, international cards, UPI and EMIs
  • Website analytics
  • Advanced security
  • Multiple payment options

Cons:

  • Does not have recurring billing facility
  • Does not have a multicurrency processing facility. Best Indian Payment Gateways
  • Does not generate an invoice of payment.