Top 20 Payment Gateway in India 2024
May 10, 2024
E-commerce platforms are all the rage now, and they are incredibly profitable if you manage to do things right. Creating a successful platform requires you to develop the optimal buying experience. And payment gateways are part of the experience equation.
This blog post will give you tips for selecting the best online payment gateways in India and provide a list of the best ones to rely on.
How to Select the Best Payment Gateway
Several factors determine how good a payment gateway is for your business, and we have listed the most significant ones below.
1. Safety and Security
The payment gateway should be secure and have a good reputation for its security features in the market. Customers become reluctant to purchase from businesses using unknown gateways because they don’t want to put their information at risk.
2. Integration Method
Integration method is a critical part of payment gateways, and you should select one that accommodates your business growth strategy. There are three integration methods to choose from:
1. Hosted Gateway
2. Direct Post
3. Non-hosted Gateway
Each has its respective strengths and weaknesses, so you must select the one best suited to your business.
3. Features and Pricing
Depending on your business, you may need the gateway to have certain features, like invoicing options, processing speed, etc. All features also have a corresponding cost, so you must decide on a payment gateway that provides the best value and experience against the price.
4. Product Permissions
Some gateways are designed specifically for digital goods or physical goods, but not both. Hence, always consider product permissions before making your choice. The selection affects the checkout process and business risk, so consider the gateway that factors in both these elements.
5. Ease of Integration
One of the most overlooked factors while choosing the payment gateway is their ease of integrating your website or mobile applications. Many gateways still use archival ways for client sign-in, documentation overload, and many formalities. In contrast, many relatively new entrants have disrupted the payment gateways market and brought the integration cycle from weeks and months to a matter of hours. So, never discount the cost factor involved in the integration ease. Conclusion: it saves the business huge setup costs by the development team, and overall communications happen to be easier with focused customer gateways.
The Best Payment Gateway in India 2024
Now that you know how to make the right choice, consider some of India's best international online payment gateways in India.
Instamojo Payment Gateway
One of the most overlooked factors while choosing the payment gateway is their ease of integrating your website or mobile applications. Many gateways still use archival ways for client sign-in, documentation overload, and many formalities. In contrast, many relatively new entrants have disrupted the payment gateways market and brought the integration cycle from weeks and months to a matter of hours. So, never discount the cost factor involved in the integration ease. Conclusion: it saves the business huge setup costs by the development team, and overall communications happen to be easier with focused customer gateways.
Website: https://www.instamojo.com
EaseBuzz
Easebuzz simplifies payments for small businesses. With smart APIs and cost-effective solutions, you can focus on growth, not payment complexities. Seamlessly integrate with popular platforms like Shopify, Tally, Zoho, and Wix. They have more than 1,50,000 businesses using their platform to manage online payment collections, vendor payouts and financial operations.
Website: https://easebuzz.in
PayU Payment Gateway:
PayU provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology serving more than 4000 merchants
Website: https://payu.in
PayUbiz Payment Gateway
PayU Biz is an enterprise payment gateway product for eCommerce companies from PayU. PayU India serves more than 4000 merchants including leading e-commerce companies. PayU provides state-of-the-art payment gateway solutions to online businesses through its cutting-edge and award-winning technology.
Website: https://www.payubiz.in
Razorpay Payment Gateway:
Razorpay is a computer software company that provides payment solutions that allow businesses to accept, process, and disburse payments. The company was founded in 2014 and is headquartered in Bangalore, Karnataka.
Website: https://razorpay.com
CCAvenue Payment Gateway
CCAvenue is one of the oldest payment gateways around helping Indian merchants to take online payments from customers. CCAvenue offers a huge bouquet of 200+ payment options.
Website: https://www.ccavenue.com
MobiKwik Payment Gateway:
MobiKwik Payment Gateway offers payment solutions to both individual users as well as business firms with an extremely mobile-friendly user interface and checkout design. So, irrespective of the size of your business or the nature of usage, MobiKwik Payment Gateway is one gateway that meets the needs of every kind of payment made to individual accounts or businesses to initiate successful, secure, and safe monetary transactions.
Website: https://www.mobikwik.com
PayKun Payment Gateway
Paykun payment gateways software is a simple and secure medium to conduct digital payments and other online transactions. Targeted at small and medium merchants, the software is extremely easy to set up and use due to its seamless onboarding without any paperwork. With low transaction fees and no hidden charges, this payment gateway ensures a high return on investment for businesses of all sizes.
Website: https://paykun.com
PayPal Payment Gateway:
PayPal can be used by an Indian merchant only for receiving international payments only. PayPal does not support or recognize Indian currency, therefore you need to choose an international currency as the base currency.
Website: https://www.paypal.com/in
Cashfree Payment Gateway
Cashfree is a one-stop payments solutions suite for businesses. It has highly advanced features like recurring payments, reconciliation, refunds, instant settlement, etc. Cashfree can disburse bulk payments in an instant, which means that it works faster than banks and it is simpler to use
Website: https://www.cashfree.com
Airpay Payment Gateway:
This payment gateway allows merchants and businesses to accept debit or credit card payments on websites, websites, and mobile apps in a secure and hassle-free manner.
Website: https://airpay.co.in
Google Pay Payment Gateway
Google Pay lets your customers pay with the press of a button — using payment methods saved to their Google Account. Gpay has partnered with many Payments Service Providers (PSPs) around the world to make Google Pay integrations simple.
Atom Payment Gateway:
Formed in 2006, atom provides a collection of payment processing services allowing business houses and individuals to accomplish in a user-friendly style with ease, speed & utmost security over mobile, IVR as well as the internet. We believe transactions should be a manageable and convenient process despite who does it and the process of it. It should be possible at any time of the day, and with the growth of advanced technology, power should be in your hands.
Website: https://www.atomtech.in
Citrus Payment Gateway
Citrus Pay is one of the influential players in the Indian Payment Gateway Solution Provider. They propose some remarkably different features such as Single-click checkout, In-App buying, etc. at a zero-install cost and pretty cheap TDR charges. Once users sign up with Citrus Pay as a merchant, they can reach their marked payment pages beyond all devices, with a broad range of payment options.
Website: https://consumers.citruspay.com
DirecPay Payment Gateway:
DirecPay is an integrated online payment gateway solution for Indian merchants. With the availability of solutions such as DirecPay's payment gateway, India has become a huge market for retailers wanting to sell online. DirecPay's integrated suite of multiple payment options gives merchants in India an easy & convenient option to grow their online business.
Website: http://www.direcpay.com
EBS Payment Gateway
EBS payment gateway is an online payment processing platform that enables quick and easy settlement of transactions. This platform covers various available debit cards like Visa, MasterCard, and others. It also covers six major credit card brands to enable swift net banking with over 50+ banks in India, thus enhancing the scalability of a business.
Website: https://www.ebs.in
Zaakpay Payment Gateway
Zaakpay is an online payment software and a payment gateway that accepts payments from all the banks in India without the need for integration. It aims at solving the payment hassles for eCommerce in the country. The software supports many different kinds of currencies and also accepts MasterCard, VISA, Maestro, Diners, AmEx, and Discover.
Website: https://zaakpay.com
Bill Desk Payment Gateway
BillDesk is a one-stop online payment provider that helps customers organize, pay, and manage their regular and ongoing bills. Customers can receive, review and pay all of the bills they receive from different providers in one place with BillDesk. It offers billers and banks the ability to reduce processing expenses, improve bill presentation, access to online payment options for customers, and improve customer service.
Website: https://www.billdesk.com/web
ePaisa Payment Gateway
ePaisa is a SaaS-based Point of Sale(POS) application that provides payment and inventory management solutions for merchants at a low cost. ePaisa provides small merchants like shop owners, small restaurants, and retailers, modern ways to accept payments like Debit and credit cards, wallets and UPI, etc.
Website: https://www.epaisa.com
Paytm Payment Gateway
Paytm payment gateway is excellent and extremely easy to use. The payment gateway supports all the domestic credit and debit cards that are linked with more than 50 banks. The best part about the Paytm payment gateway is the user-friendliness.
The payment gateway is designed in such a way that everyone easily understands how to make a payment. The payment gateway also supports international transactions.
Final Verdict
There you have it: our selection of the best payment gateways in India. From the list mentioned above, we can easily say that Instamozo, RazorPay, and CC Avenue are the best payment gateway in India for different reasons.
However, you still can't conclude that they are the best online payment method gateway for your online business.
The answer to your search for the ideal payment gateway will depend on your own needs and preferences. Maybe you prefer the pricing of Instamozo or need the security of CC Avenue. Just remember to consider the safety, security, integration methods, features, product permissions, and pricing before you make your decision, and you should be good to go.
These things will help you choose the payment gateway best for your business. However, if you still need help deciding, Refresh Ideas has 18+ years of experience in website development. So, don't hesitate to contact us if you need our expertise in choosing a gateway or building your e-commerce platform.
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