Best Payment Gateways in 2017 & How to choose one for your Business for success

Top 10 Payment Gateways in India – Choose the Best

E-Commerce businesses are on the rise globally. Several brands and startups alike are building their businesses online and accepting orders with money paid on a variety of payment gateways.

Payment gateways have been enabling their financial discipline and survival. Needless to say that the quest for best payment gateway in India for small business or large businesses is always on.

I get several calls a day from eCommerce managers and entrepreneurs looking for the best payment gateway in India for their small businesses or large enterprises. However, the question on everybody’s mind is “Which are the top 10 payment gateways in India?”

I wrote the first version of this article on BrandLoom more than a couple of year back. And now I think it is time to upgrade the material.

CHOOSING THE RIGHT PAYMENT GATEWAY ebook-product-f3
CHOOSING THE RIGHT PAYMENT GATEWAY

The Best Payment Gateway in India

Well, there is no one-line answer to the question – “which is the best payment gateway in India for small business?” As:

The best payment gateway depends on  your business needs.

However, I guess there is one simple rule on this.

Don’t go with the first payment gateway you come across. Instead, take your time, and pay careful attention. Also there is no single best payment option for everyone and all transactions.

That’s it!

Well. Wait a second. One more thing.

Best payment gateway is also the one, which convinces your customer to trust you with their money.

BEST PAYMENT GATEWAYS HELP YOUR CONSUMER
BEST PAYMENT GATEWAYS HELP YOUR CONSUMER

As an entrepreneur or an eCommerce manager you must be thinking:

  • I just want to know how do I receive money from my customers.
  • I simply want to know which is the best payment gateway
  • There are so many payment gateways to choose from, how do I choose the best payment gateway in India for my business?
  • I am a small business, and nobody knows me, how do I build trust with my customer.
  • I want to accept money from international customers in their currency.
  • How do I make sure that the payment process is seamless?
  • I do not want the payment process to take too long.
  • I am not sure what kind of information payment gateways need today. Do I have the necessary documentation for the same?

As a startup or new business, you would like to ensure a conversion; once a customer likes your Brand Story. You need a Payment Gateway, which is not only safe and quick but also provides multiple payment options.

My attempt will be to help you choose the best payment gateway in India for your business. So if you are looking for top payment gateways in India, your search will certainly end here.

Here is a hand vetted list of payment gateways that I have checked out and talked to myself. However, if you wish to first find out the criteria for choosing a payment gateway then go here.

RELATED ARTICLE : Need Recurring Subscription Payments for your e Commerce Business? Read in detail here.

Top 10 Payment Gateways in India (randomly placed):

Top 10 Best Payment Gateways in India for Small Business Success

I am sharing my chosen top 10 payment gateways in India on the basis of the 10 tips I have shared in another blog.

By no means, I am saying that this is an exhaustive list. However, I am sure that after my analysis of the top 1o best payment gateways in India, you will certainly be able to evaluate any other payment gateway.

RELATED ARTICLES :

1. PayU Payment Gateway Services (Lite services from PayU Payment Gateway)

PayUMoney payment gateway is a heavily promoted payment service in India. It is the flagship company of the Naspers group. PayU payment gateway is used by several leading e-commerce companies like Goibibo, Rechargeitnow, Jabong, Snapdeal, Bookmyshow, Ferns n Petals, Tradus, Travelyaari, Zomato Groupon India, etc. I do not like it as to transact a consumer needs to create an account with PayU and it increases the number of steps he or she needs to transact on the eCommerce store of a small business.

  • Type of Payment Gateway: Hosted Payment gateway.
  • Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover
  • PayUMoney payment gateway charges in India
    • Initial Setup Fees: ZERO
    • Annual Maintenance Charges: ZERO
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction:
      • Domestic Credit & Debit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 2%
      • Wallets: Flat fee @ 2%
      • IMPS, Cash cards & UPI: Flat fee @ 2%
      • Amex, ezeClick, JCB and Diners: Flat fee @ 3%
      • International Credit Cards on Visa, Mastercard: Flat fee @3.5% to 6%
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support: Not Supported.
  • Multi-Currency Support: Not supported.
  • Multi-currency transaction charges: Not applicable
  • Withdrawal Fees: Zero.
  • Settlement days: Settlement takes place within 2-3 days. Their committed structure is T=+2 that is transaction date + 2 days of lag for settlement.
  • Customer Support: very good customer support all through the week.
  • Documentation required: Bank accounts details.
  • No of Days to start a transaction: Merchant can go live with PayU Payment gateway in 2 days time after submission of all the necessary documents.
  • Supported eCommerce CMS System on PayUMoney payment gateway:
    • PayU Payment gateway supports the following Shopping Cart:
      • Opencart
      • Magento
      • Zencart
      • WordPress Woocommerce
      • Joomla Virtue Mart
      • Prestashop
      • OSCommerce
      • WordPress Ecommerce
    • PayUmoney Integration kits are available in the following environments:
      • PHP
      • ASP.NET
      • Ruby On Rails
      • JSP
      • VB.NET
      • OSCommerce
    • PayUmoney pre-integrated Shopping Carts are available on:
      • KartRocket
      • Power Stores
      • Zepo
      • Shopio
      • Mart Jack
      • Shopify
      • Shopmania
  • Mobile App Integration: Available for both Android, iOS.
  • PayUMoney Payment Gateway Contact Details: merchantcare@payumoney.com

2. InstaMojo Payment Gateway Services

Top 10 payments gateways - instamojo

Instamojo is a digital payment gateway coupled with an eCommerce platform (if you need one). It allows you to collect payment on your site or app through credit cards, debit cards, wallets or UPI to sell anything and everything in India.

At the same time if you have a digital product such an eBook or a music album or images you can use its digital payments platform sell, deliver your offerings. To do so you just need to create an account on their portal and you can start selling in minutes.

  • Type of Payment Gateway: Integrated Payment gateway
  • Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover
  • Instamojo Payment gateway charges in India

    • Initial Setup Fees: ZERO, yes ZERO
    • Annual Maintainance Charges: ZERO
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction:
      • Credit & Debit cards on Visa, Mastercard, Maestro RuPay: Flat fee @ 2% + Rs 3 per transaction
      • Wallets: Freecharge, Mobikwik, OlaMoney, Jiomoney: Flat fee @ 2% + Rs 3 per transaction
      • UPI: Flat fee @ 2% + Rs 3 per transaction
      • International Credit Cards on Visa, Mastercard and American Express: Flat fee @ 5% + Rs 3 per transaction
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support: Supported by Visa, Mastercard and American Express on special request.
    • If you have a limited number of customer you may choose them. However, if you have a large number of clients you will be better off using Paypal or Stripe.
  • Multi-Currency Support: Not supported. Instamojo support only INR. As they support international Credit cards (after your request for it is approved) you can receive money from international customers. These clients will see prices in INR only.
  • Withdrawal Fees: Zero
  • Settlement days: 3 days in your connected Bank account.
  • Customer Support: Their IVR system says that they are closed over weekends. However, on weekdays, our call went unanswered.
  • Documentation required: Bank accounts details.
  • No of Days to start a transaction: You can start receiving payment after simple signup with your email.
  • Supported eCommerce CMS System: All the main ones such as Magento, Prestashop, Opencart, WordPress, CScart, Drupal, WHMCSMeteor JS etc.
  • Mobile App Integration: Available for both Android and iOS.
  • InstaMojo Payment Gateway Contact Details: Call on (+91)8880110011

Instamojo is one of the best payment gateway in India for small business.

3. CCAvenue Payment Gateway Services

Top 10 payment gateways - ccavenue

CCAvenue is probably the largest payment gateway in India. Its claim to fame is its real time, multi-currency, multiple payment support solution, something which is unparalleled in the country.

It offers integrated payment gateway helping you provide a seamless experience to your customer. It provides integrated transaction-processing, advance shopping cart, auction payment collection facility, fraud control, financial reporting and order tracking.

  • Type of Payment Gateway: Integrated Payment gateway
  • Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover
  • CCAvenue payment gateway charges in India
    • Initial Setup Fees: ZERO, yes ZERO
    • Annual Maintenance Charges: Rs 1200
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction:
      • Domestic Credit & Debit cards on Visa, Mastercard, Maestro RuPay: Flat fee @ 2%
      • Wallets: Freecharge, Mobikwik, OlaMoney, Jiomoney, Paytm, PayZapp, Jana Cash, SBI Buddy, The Mobile Wallet: Flat fee @ 2%
      • IMPS & UPI: Flat fee @ 2%
      • International Credit Cards on Visa, Mastercard, American Express, JCB and Diners Club: Flat fee @ 3%
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support: Supported on CCAvenues. Your eCommerce store can represent your product pricing in any number of currencies. Your customers can check-out on the CCAvenue payment option page using their desired currency with Multi-Currency payment Gateway that supports 27 foreign currencies.
  • Multi-Currency Support on CCAvenue payment gateway:

    • CCAvenue enables you to collect payments in 27 major foreign currencies and allow your customer to pay in the currency they know best. The currencies supported by AAAvenue are:
      • Indian Rupee
      • Singapore Dollar
      • Pound Sterling
      • American Dollar
      • Omani Rial
      • Bahraini Dinar
      • UAE Dirham
      • Euro
      • Canadian Dollar
      • Swiss Franc
      • Baht
      • Sri Lankan Rupee
      • Malaysian Ringgit
      • Qatari Riyal
      • Hong Kong Dollar
      • Kuwaiti Dinar
      • Bangladesh Taka
      • New Zealand Dollar
      • Australian Dollar
      • Nepalese Rupee
      • Chinese Yuan Renminbi
      • Japanese Yen
      • Kenyan Shilling
      • Mauritius Rupee
      • Philippine Peso
      • Saudi Riyal
      • South African Rand
  • Multi-currency transaction charges: 4.99% per transaction
  • Withdrawal Fees: Zero. Domestic Friday and International Tuesday
  • Settlement days: CCAvenue settles payments on a weekly basis for all amounts over & above of Rs. 1000, which is the minimum amount required to be kept.
  • Customer Support: Their website claims 24x7x365 days of Voice, Chat and emails support. However, their chat was off on the weekend. IVR system says that they are closed over weekends. However, their sales and the technical team responds very well and also coordinates well internally.
  • Documentation required: Bank accounts details.
  • No of Days to start a transaction: Though CCAvenue claims on their website that account gets activated within 1 hour of your registration, in practice, it will take anything between 3 to 6 days. CCAvenue will approve your site and will ask for physical copies of documents before you start transacting through their payment gateway.
  • Supported eCommerce CMS System: CCAvenue has developed API for most of the shopping carts such as Buildabazaar, Cubecart, Drupal, Interspire, Joomla, Magento, Magento Go, Martjack, Moodle, NopCommerce, Opencart, OsCommerce, PrestaShop, VirtueMart, WHMCS, WordPress, ZenCart.
  • Mobile App Integration: Available for both Android, iOS and Windows.
  • CCAvenue Contact Details: Call on +91 22 67425555 / 26000816 / 32913622 / 66920419

CCAvenue is the most versatile payment gateway. So if you have several international customers and a large number of transaction you can depend on CCAvenue.

Related Articles

  1. How to Choose the Best Payment Gateway for Small Business
  2. What is Payment Gateway and how it works?

4. HDFC Payment Gateway services

HDFC is one of the largest banks in India. Its payment gateway is used by several large organisations such as VSNL, Sify, IRCTC, etc. If you want to use HDFC payment gateway on your website or mobile app, you will be using their EPI payment gateway services.

HDFC EPI or External Payment Interface payment gateway is used primarily for large portals who have a large number of transactions. Some of the main advantages of HDFC payment gateway are: As a merchant using HDFC payment gateway you will get

  1. Instant settlement.
  2. 100% chargeback facility
  3. Facility to accept payment in 15 international currencies.
  4. Easy Integration with existing applications and support for various shopping cart applications.
  • Type of Payment Gateway: Hosted Payment gateway
  • Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover
  • HDFC payment gateway charges in India:

    • Not available on their portal unless you connect with them. This is something I did not like as this is a lack of transparency.
    • Initial Setup Fees: Rs 20000
    • Annual Maintenance Charges: Rs 10000
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction:
      • Domestic Credit & Debit cards on Visa, Mastercard, Maestro RuPay: Flat fee @ 3.5% to 6%
      • Wallets:  PayZapp: Flat fee @ 3.5% to 6%
      • IMPS & UPI: Zero
      • International Credit Cards on Visa, Mastercard: Flat fee @3.5% to 6%
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support: Supported. Your eCommerce store can represent your product pricing in any number of currencies. Your customers can check-out on the HDFC payment gateway using their desired currency with Multi-Currency payment Gateway that supports 16 foreign currencies.
  • Multi-Currency Support: HDFC payment gateway enables you to collect payments in 16 major foreign currencies and allow your customer to pay in the currency they know best.
  • Multi-currency transaction charges: 4.99% per transaction
  • Withdrawal Fees: Zero.
  • Settlement days: Instant settlement.
  • Customer Support: Their sales and the technical team responds very well and also coordinates well internally.
  • Documentation required: Bank accounts details.
  • No of Days to start a transaction: Though HDFC bank boasts of a good payment gateway. It could take quite long to start using it for payment on your portal. Before the bank authorises the usage of its payment gateway, it conducts an audit of the portals Business Model, its database & security management practices. If the bank is satisfied with all the details after the audit, you might be issued the payment gateway credentials.
  • Supported eCommerce CMS System: HDFC payment gateway can be integrated with Drupal, Magento, Magento Go, Opencart, CScart, PrestaShop, WordPress.
  • Mobile App Integration: Available for both Android, iOS and Windows.
  • HDFC Payment Gateway Contact Details: To connect with their team send an email to v.venkatagiri@hdfcbank.com

HDFC Payment Gateway is not for small businesses in India. However, if you are a large company with a large number of transaction, you would like to take advantage of their instant settlement facility. At the same time if you have several international customers and a large number of transaction you can depend on HDFC Payment Gateway.

5. EBS Payment Gateway services

EBS payment gateway from E-Billing Solutions Pvt. Ltd enables eCommerce stores to collect payment from the end customers through net banking, credit and debit cards.

As a payment gateway provider, EBS payment gateway allows an eCommerce store to use payment collection facility offered by various banks, cash cards and many other payment processors onto a single platform with minimum technical integration requirement with eCommerce stores.

EBS is the first Indian merchant account provider to achieve the PCI DSS 3.0 standards of compliance. It is also certified by security and process adherence followed and audited by ISO 27001- 2013 standard. This achievement makes EBS one of the most secured online service providers in the world.

eCommerce stores using EBS payment gateway can design payment page in one of the seven different languages of India. The languages available are English, Hindi, Bengali, Gujarati, Tamil, Telugu & Marathi. This could be a significant advantage for eCommerce stores build to tap the regional language power.

  • Type of Payment Gateway: Hosted Payment gateway, with a possibility to retain your logo on EBS payment gateway processing page.
  • Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover
  • EBS payment gateway charges in India
    • Initial Setup Fees: ZERO as a special promotion instead of Rs 9599 they usually charge.
    • Annual Maintenance Charges: Rs 2400
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction:
      • Domestic Credit & Debit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 2%
      • Wallets: Flat fee @ 2%
      • IMPS, Cash cards & UPI: Flat fee @ 2%
      • Amex, ezeClick, JCB and Diners: Flat fee @ 3%
      • International Credit Cards on Visa, Mastercard: Flat fee @3.5% to 6%
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support: Supported. Your eCommerce store can represent your product pricing in any number of currencies. Your customers can check-out on the HDFC payment gateway using their desired currency with Multi-Currency payment Gateway that supports 16 foreign currencies.
  • Multi-Currency Support: EBS payment gateway offers multi-currency support to enable eCommerce stores to deliver localised buying experience and avoid conversion disputes. EBS Payment Gateway supports 11 major foreign currencies:
    • Indian Rupee (INR)
    • American Dollar (USD)
    • British Pound (GBP)
    • Euro ( Eur)
    • Arab Emirates Dinar (AED)
    • Qatari Rial (QAR)
    • Omani Rial (OMR)
    • Canadian Dollar (CAD)
    • Hong Kong Dollar (HKD)
    • Singapore Dollar (SGD)
    • Australian Dollar (AUD)
  • Multi-currency transaction charges: 4.99% per transaction
  • Withdrawal Fees: Zero.
  • Settlement days: Settlement takes place within 2-3 days. Their committed structure is T=+2 that is transaction date + 2 days of lag for settlement.
  • Customer Support: Not available over weekends. However, over weekdays, you can easily talk to their customer-friendly staff to get your issue resolved.
  • Documentation required: Bank accounts details.
  • No of Days to start a transaction: Merchant can go live with EBS payment gateway on day 1 of online activation.
  • EBS Payment Gateway Login: To log in to please click here
  • Supported eCommerce CMS system on EBS Payment Gateway
    • EBS payment gateway has plugins available for the following popular CMS systems
      • Magento
      • Zencart
      • Opencart
      • Tomatocart
      • Prestashop
      • WordPress Eshop, E-commerce, woo-commerce, WordPress Easy digital download
      • Joomla VirtueMart, Hikashop,  Akeeba subscription
      • Joomla Joomshopping
  • Mobile App Integration: Available for both Android, iOS.
  • EBS Payment Gateway Contact Details: +91-8080807401

6. Atom Payment Gateway services:

Atom payment gateway is promoted by FT Group and it is an innovative Payment Service Provider with over 100 payment options, 15 million + transactions, 4500+ strong merchants across the country.

It is one of the most popular payment gateways in India today. It supports payment through internet, IVR & mobile application using credit cards, debit cards, net banking & prepaid cards. Several of our clients are on Atom payment gateway today.

  • Type of Payment Gateway: Hosted Payment gateway, with a possibility to retain your logo on Atom payment gateway processing page.
  • Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover
  • Atom payment gateway charges in India

    • Initial Setup Fees: ZERO for standard plan and Rs 5000 for enterprise plan.
    • Annual Maintenance Charges: ZERO for standard plan and Rs 2400 for enterprise plan.
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction for Standard Plan:
      • Domestic Credit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 2.1%
      • Domestic Debit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 1.25%
      • Wallets: Flat fee @ 2.2%
      • Bank EMI options: Flat fee of 2.35%
      • NEFT, IMPS, Cash cards & UPI: Flat fee @ 2%
      • Amex, ezeClick, JCB and Diners: Flat fee @ 3%
      • International Credit Cards on Visa, Mastercard: Flat fee @4%
      • Taxes extra as applicable from time to time
    • Applicable Fee per Transaction for the Enterprise plan:
      • Domestic Credit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 1.9%
      • Domestic Debit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 0.75% for transactions below 2000 and 1% for transaction equal to or above Rs 2000
      • Wallets: Flat fee @ 2%
      • Bank EMI options: Flat fee of 2.15%
      • Wallets: Flat fee @ 2%
      • NEFT, IMPS, Cash cards & UPI: Flat fee @ 1.8%
      • Amex, ezeClick, JCB and Diners: Flat fee @ 2.85%
      • International Credit Cards on Visa, Mastercard: Flat fee @3.75%
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support:

    • not supported.
  • Multi-Currency Support: Not supported.
  • Multi-currency transaction charges: Not applicable.
  • Withdrawal Fees: Zero.
  • Settlement days: Settlement takes place within 2-3 days. Their committed structure is T=+2 that is transaction date + 2 days of lag for settlement.
  • Customer Support: The Telephone number and chat facility on their website do not work so go to Contact Us page and use the numbers to connect with Atom Paynetz Payment Gateway service sales team.
  • Documentation required: Bank accounts details.
  • No of Days to start a transaction: Within 5-6 days, provided all documents are provided as and when asked for.
  • Supported eCommerce CMS System on Atom Payment Gateway:

    • Atom payment gateway has plugins available for the following popular CMS systems
      • Magento
      • Shopify
      • Opencart
      • Prestashop
      • WordPress Jigoshop
      • WordPress woo-commerce
      • WHMCS
      • Joomla
      • Drupal
  • Mobile App Integration: Available for both Android, iOS.
  • Atom Payment Gateway Contact Details: +91-22-39853410

7. DirecPay Payment Gateway Services:

DirecPay Payment gateway is an integrated online payment gateway solution for eCommerce stores in India. It provides a merchant with an easy & convenient option to grow their online business.

With DirecPay you can accept payments by credit card, Debit Card, Net Banking & Mobile payments.

  • Type of Payment Gateway: Hosted Payment gateway, with a possibility to retain your logo on Atom payment gateway processing page.
  • Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover
  • International Payment / Credit card Support: Supported with an additional refundable security deposit of Rs 30000.
  • DirecPay payment gateway charges in India

    • Initial Setup Fees: ZERO.
    • Annual Maintenance Charges: ZERO.
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction:
      • Domestic Credit and Debit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 2%
      • Wallets: Flat fee @ 2%
      • NEFT, IMPS, Cash cards & UPI: Flat fee @ 2%
      • Amex, ezeClick, JCB and Diners: Flat fee @ 3%
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support: not supported.
  • Multi-Currency Support: Only US$ supported beyond Indian Rupee.
  • Multi-currency transaction charges: US$ is supported for merchants with International Payment Gateway activation.
  • Withdrawal Fees: Zero.
  • Settlement days: Settlement takes place within 2-3 days. Their committed structure is T=+2 that is transaction date + 2 days of lag for settlement.
  • Customer Support: Customer support not available over weekends. However, you will be able to connect easily with the support team over weekdays.
  • Documentation required: Business registration and Bank accounts details.
  • No of Days to start a transaction: Within 5-6 days, provided all documents are provided as and when asked for.

    Supported eCommerce CMS System:

    • DirecPay payment gateway has plugins available for the following popular CMS systems
      • Cubecart
      • OScommerce
      • Xcart
      • Zencart
      • nopCommerce
      • Magento
      • Shopify
      • Opencart
      • Prestashop
      • WordPress woo-commerce
      • WHMCS
      • Joomla
  • Mobile App Integration: Available for both Android, iOS.
  • DirecPay Payment Gateway Contact Details: Call 9619712858; email contact@direcpay.com.

8. PayUbiz Payment Gateway Services (Enterprise services from PayU Payment Gateway)

Just like PayUMoney, PayUbiz is from Naspers group. It is an enterprise version of PayU payment gateway. It is a payment gateway solution provider used by more than 70 of the top 100 ecommerce companies. PayUbiz is used by large enterprises such as Snapdeal, Jabong, Bookmyshow, Ola, Cleartrip, Redbus, GoIbibo, Zomato etc.

  • Type of Payment Gateway: Integrated Payment gateway.
  • Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover, Rupay
  • PayUbiz payment gateway charges in India

    • Initial Setup Fees: Rs 4900 for startup and Rs 19900 for Platinum plan
    • Annual Maintenance Charges: Rs 2400
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction on startup plan:
      • Domestic Debit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 0.75% below Rs 2000 and 1% over Rs 2000
      • Domestic credit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 2.95%
      • Wallets: Flat fee @ 2.95%
      • IMPS, Cash cards & UPI: Flat fee @ 2%
      • Amex, ezeClick, JCB and Diners: Flat fee @3.7%
      • International Credit Cards on Visa, Mastercard: Flat fee @3.7%
      • Taxes extra as applicable from time to time
    • Applicable Fee per Transaction on Platinum Plan:
      • Domestic Debit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 0.75% below Rs 2000 and 1% over Rs 2000
      • Domestic credit cards on Visa, Mastercard, Maestro, RuPay: Flat fee @ 2.25%
      • Wallets: Flat fee @ 2.25%
      • IMPS, Cash cards & UPI: Flat fee @ 2%
      • Amex, ezeClick, JCB and Diners: Flat fee @3%
      • International Credit Cards on Visa, Mastercard: Flat fee @3%
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support: Supported all kind of credit cards.
  • Multi-Currency Support: 13 currencies including US$, GBP, Euro are supported.
  • Multi-currency transaction charges: as above.
  • Withdrawal Fees: Zero.
  • Settlement days: Settlement takes place within 2-3 days. Their committed structure is T=+2 that is transaction date + 2 days of lag for settlement.
  • Customer Support: very good customer support all through the week.
  • Documentation required: Business registration and Bank accounts details.
  • No of Days to start a transaction: Merchant can go live with PayUbiz Payment gateway in 2 days time after submission of all the necessary documents.
  • Supported eCommerce CMS System on PayU payment gateway:

    • PayU Payment gateway supports the following Shopping Cart:
      • Opencart
      • Magento
      • Zencart
      • WordPress Woocommerce
      • Joomla Virtue Mart
      • Prestashop
      • OSCommerce
      • WordPress Ecommerce
    • PayUbiz Integration kits are available in following environments:
      • PHP
      • ASP.NET
      • Ruby On Rails
      • JSP
      • VB.NET
      • OSCommerce
    • PayUbiz pre-integrated Shopping Carts are available on:
      • KartRocket
      • Power Stores
      • Zepo
      • Shopio
      • Mart Jack
      • Shopify
      • Shopmania
  • Mobile App Integration: Available for both Android, iOS.
  • PayUbiz Payment Gateway Contact Details: contact@payu.in or give a call on 0124-6624801
    Working Hours (Mon – Sat) 10:00AM to 07:00PM

9. Zaakpay Payment Gateway services

Zaakpay payment gateway is an online payments platform in India. It enables individual and users to accept payment from buyers. Zaakpay provides payment gateway service for payment on websites via credit cards and debit cards. It accepts Visa, Visa Electron, Amercian Express Card, Maestro & Mastercard Debit & Credit Cards.

  • Type of Payment Gateway: Integrated Payment gateway.
  • Domestic Credit Cards supported: Visa, Master, Maestro,Amex, Discover and Diners
  • International Credit Cards supported: Visa, Master, Maestro, Amex, Discover and Diners
  • Zaakpay payment gateway charges in India

    • Initial Setup Fees: Negotiable. Based on your requirement
    • Annual Maintenance Charges: Negotiable. Based on your requirement
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction:
      • Domestic Debit cards on Visa, Mastercard, Maestro, RuPay: Negotiable. Based on your requirement
      • Domestic credit cards on Visa, Mastercard, Maestro, RuPay: Negotiable. Based on your requirement
      • Wallets: Negotiable. Based on your requirement
      • IMPS, Cash cards & UPI: Negotiable. Based on your requirement
      • Amex, ezeClick, JCB and Diners: Negotiable. Based on your requirement
      • International Credit Cards on Visa, Mastercard: Negotiable. Based on your requirement
      • Taxes extra as applicable from time to time
  • Zaakpay payment gateway service
  • International Payment / Credit card Support: Supported all kind of credit cards.
  • Multi-Currency Support: 13 currencies including US$, GBP, Euro are supported.
  • Multi-currency transaction charges: as above.
  • Withdrawal Fees: Zero.
  • Settlement days: Settlement takes place within 2-3 days. Their committed structure is T=+2 that is transaction date + 2 days of lag for settlement.
  • Customer Support: very good customer support all through the week.
  • Documentation required: Business registration and Bank accounts details.
  • No of Days to start a transaction: Merchant can go live with PayUbiz Payment gateway in 2 days time after submission of all the necessary documents.
  • Supported eCommerce CMS System:

    • Shopping Cart Kits currently available with PayUbiz are:
      • Opencart
      • Magento
      • Zencart
      • WordPress Woocommerce
      • Joomla Virtue Mart
      • Prestashop
      • OSCommerce
      • WordPress Ecommerce
    • PayUbiz Integration kits are available in following environments:
      • PHP
      • ASP.NET
      • Ruby On Rails
      • JSP
      • VB.NET
      • OSCommerce
    • PayUbiz pre-integrated Shopping Carts are available on:
      • KartRocket
      • Power Stores
      • Zepo
      • Shopio
      • Mart Jack
      • Shopify
      • Shopmania
  • Mobile App Integration: Available for both Android, iOS.
  • Zaakpay Payment Gateway Contact Details: contact@zaakpay.com or +91-9599221289 or +91-9810360280.

10. PayTM Payment Gateway Services:

Paytm has emerged as a leading payment solutions provider to eCommerce merchants using its RBI approved semi-closed wallet. Today Paytm boasts of India’s online consumer base with ‘Paytm Cash’ wallet. Therefore paying with Paytm could be beneficial for a small eCommerce merchant.

Paytm payment gateway provides integration kits for various eCommerce systems through its software-development kits, developer API and secure checkout solution for all major shopping carts.

  • Key features of Paytm payment gateway are:
    • Provides seamless transaction experience with reduced number of clicks
    • Provides instantaneous refunds to customer accounts or reward them for desired behaviour in real time
    • Start accepting Payments immediately
  • Type of Payment Gateway: Integrated Payment gateway.
  • Domestic Credit Cards supported: Visa, Master, Maestro,Amex, Discover and Diners
  • International Credit Cards supported: Visa, Master, Maestro, Amex, Discover and Diners
  • Paytm payment gateway charges in India:

    • As of now PayTM payment gateway pricing is very attractive as the company is trying to build an ecosystem around it.
    • Initial Setup Fees: Rs 5000. Waived as of now
    • Annual maintenance Charges: Rs 5000. Waived as of now
    • Minimum Annual Business Requirement: ZERO
    • Applicable Fee per Transaction:
      • Domestic Debit or Credit cards on Visa, Mastercard, Maestro, RuPay: Flat 1.99%
      • Amex, ezeClick, JCB and Diners: Flat 1.99%
      • International Credit Cards on Visa, Mastercard: Not supported.
      • Taxes extra as applicable from time to time
  • International Payment / Credit card Support: Supported all kind of credit cards.
  • Multi-Currency Support: Not supported as of now.
  • Multi-currency transaction charges: Not applicable.
  • Withdrawal Fees: Zero.
  • Settlement days: Settlement takes place within 2-3 days. Their committed structure is T=+2 that is transaction date + 2 days of lag for settlement.
  • Customer Support: very good customer support all through the week.
  • Documentation required: Business registration and Bank accounts details.
  • No of Days to start transaction: Merchant can go live with Paytm Payment gateway in 2 days time after submission of all the requisite documents.
  • Supported eCommerce CMS System on Paytm payment gateway:

    • Shopping Cart Kits currently available with Paytm are:
      • Opencart
      • Magento
      • Zencart
      • WordPress Woocommerce
      • Joomla Virtue Mart
      • Prestashop
      • OSCommerce
      • WordPress Ecommerce
      • Ubercart
      • Easy digital
      • WHMCS
      • ViArt
      • Opencart
      • CScart
      • Virtuemart
      • Drupal Commerce
      • Moodle
      • Nopcommerce
      • Gravity forms.
    • Paytm Integration kits are available in following environments:
      • PHP
      • ASP.NET
      • Ruby On Rails
      • JSP
      • VB.NET
      • OSCommerce
  • Mobile App Integration: Available for both Android, iOS.
  • Paytm Payment Gateway Contact Number: signup on their website.

11 Razorpay Payment Gateway Services

Razorpay is the only payments solution in India which allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, PayUmoney, Airtel Money, FreeCharge, Ola Money and PayZapp.

Razorpay provides the highest level of tech integration with reasonable price:

  • Razorpay Payment Gateway charges in India are:

    • Annual maintenance Charge: ZERO
    • Transaction Fee per Transaction: simple and transparent pricing plan which has no hidden fees: 2% per successful transaction; +1% for International cards, EMI and Amex; No setup fees; No Annual maintenance charges; GST applicable of 18% on the transaction fee.
  • Key Features of Razorpay Payment gateway services are

    • International Payment / Credit card Support: International approval is a separate process and takes longer, which is subject to the bank’s approval.
    • Multi-Currency Support: Does not support
    • Withdrawal Fees: Zero
    • Settlement days: 3 days in your connected Bank account.
    • Customer Support: Chat Support and IVR is available 24/7.
    • Documentation required: You can find the documentation list here.
    • No of Days to start transaction: Near to real-time activation. Subject to documents approval.
    • Supported eCommerce CMS System: All major ones such as WooCommerce, Magento, CS Cart, Opencart, Shopify, WHCMS, WordPress, Arastta, Prestashop.
    • Mobile App Integration: Mobile SDK’s for Android and iOS via Cordova/Phonegap
  • Razorpay Contact Details: support@razorpay.com

12 EaseBuzz Payment Gateway

Easebuzz is a software platform that allows businesses to have a payment gateway and value-added services. Easebuzz offers services in handling complex payment problems like vendor payments, recurring payments, split payments and multiple value-added services which helps businesses to scale.

Key features of Easebuzz payment gateway are as follows –  

  1. Annual maintenance fees – Zero for lifetime
  2. Transaction Fee per Transaction –
    • All Domestic Debit cards (Visa, Master, Rupay and Maestro) – 1.5% per transaction
    • All Domestic Credit Cards (Visa, Master, Rupay and Maestro) – 2.2% per transaction
    • Netbanking (70 + Banks) – 2% per transaction
    • UPI (Phone Pe, Bhim, Tex, All banks) – 1.2% per transaction
    • Wallets (Paytm, Mobikwik, Jio, Oxygen and 7 more) – 2.5% per transaction
    • Post Paid (Pay Later – Ola) – 2.2% per transaction
    • EMI (6+ Banks) – 2.5% per transaction
  3. Time Taken to start transactions – 24 hours. We process only 2-3 documents within KYC and the entire process is online.
  4. Value-added services – Vendor Payments B2B, Split Payments, Recurring payments for subscription-based business, Application form (CMS) for collection of fees/bills/invoicing amount and smart payment link solution.
  5. Payment API’s available for all major web-based and mobile based languages –
  • Woocommerce
  • PHP
  • Java
  • Python
  • Android
  • Codeva
  • Iphone
  • .Net
  • Prestashop
  • Magento 1.0, 2.0
  • Open Cart 1.0,2.0,2.3,3.0
  • Flutter

Summary

Our recommendation is that you go ahead with at least two payment gateways so that your customer has a choice to pay. Check out the criteria to choose and compare payment gateways here. If you need Payment Gateway integration on your eCommerce store or if you want to develop an eCommerce store feel free to contact us at BrandLoom Consulting.

Let us know your feedback on the above tips, we will be very happy to upgrade the above with your feedback.

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Frequently Asked Questions:

Q1: What is the difference between PayU Biz and PayUMoney?

PayU Biz and PayUMoney are two differently targeted products of PayU India.

PayU Biz is positioned as an enterprise level payment gateway. This payment gateway is targeted at matured eCommerce merchants.

However, PayUMoney is targeted at small businesses or startups, who are setting up their eCommerce Businesses.

Other key differences are below:

Pricing Difference between PayU Biz and PayUMoney
PayU Biz: Set up fee + Annual maintenance Charge + Transaction Charges
PayUMoney: Zero Set up fee + Zero Annual maintenance charges + Transaction charges

Settlement cycle difference between PayU Biz and PayUMoney
PayU Biz: T+2 days
PayU Money: Post delivery of Product / Services

Documentation Requirement difference between Pay U Biz and PayUMoney
PayU Biz: Merchant account documentation required
PayUMoney: Only a Bank account details are required for the transfer of the collected money.

Q2: Which brands feature in the Payment gateway list.

Best Payment Gateways list (randomly placed):

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