If you are running a new business or small business or a Branding creation, it could be totally powerful to decide on a Payment Gateway for your eCommerce or any other business.
Therefore our eCommerce experts at Kingtechiz Consulting set all down to determine the top 10 Best Payment Gateways.
If you are seeking for the precise list of 10 best online payment gateways curated by our team based on their expertise.
List of 15 Best Payment Gateways Software for Buyers
1. Cashfree
Cashfree is a popular payment gateway in India. It provides the widest range of payment options: debit and credit cards, 75+ Netbanking options, Paytm, and 6 popular mobile wallets like Airtel, Mobikwik, Freecharge.
Cashfree has built ready-to-use eCommerce payment gateway plugins for platforms like Shopify, Woocommerce, Magento, OpenCart, etc.
- Type of Payment Gateway: Integrated Payment Gateway
- Cashfree Payment Gateway Charges in India
- Initial Setup Fees: ZERO
- Annual Maintenance Charges: ZERO
- Minimum Annual Business Requirement: ZERO
- Applicable Fee per Transaction:
- Credit & Debit cards on Visa, Mastercard, Maestro, RuPay, 75+ net banking: Flat fee @ 1.75% + Rs 0 per transaction
- Wallets: Paytm, Airtel Money, Freecharge, Mobikwik, Ola Money, Jiomoney: Flat fee @ 1.75% + Rs 0 per transaction
- UPI: Flat fee @ 1.75% + Rs 0 per transaction
- International Credit Cards on Visa, Mastercard, and American Express: Flat fee @ 3.5% + Rs 7 per transaction
- Taxes extra as applicable from time to time
Here are Cashfree Payment Gateway Website Details: contact sales.
2 PayU Payment Gateway Service:
PayU (formerly known as PayU Money) is one of the best payment gateways to accept online payments with minimal development effort, easy sign-up, and a quick onboarding process.
You can start accepting payments securely and seamlessly within your iOS, Android, or Windows app, within minutes, with our 100% online hassle-free onboarding process.
- Their Charges are:
- Annual maintenance Charge: Zero.
- Transaction Fee per Transaction: 2% + GST for each transaction. For American Express & Diners Cards, transaction fees = 3% + GST for international transactions & EMI payment options, there is a set-up fee that needs to be paid along with Annual Maintenance Charges (AMC). Also, the transaction rates are 3% + ₹6 for every transaction..
- Key Features of PayUMoney are
- International Payment / Credit card Support: Supported
- Domestic Credit cards supported: Visa/Mastercard/Diners/Amex credit Cards
- Multi-Currency Support: Yes
- Withdrawal Fees: Zero
- Settlement days: T+2 days
- Customer Support: Customer support always seems to be busy.
- Documentation required: Extensive list of documents.
- No of Days to start a transaction: 5-7 days
- Supported eCommerce CMS Systems: All major CMS supported
- Mobile App Integration: Android, Windows and iOS.
3 Razorpay
Razorpay is the only payments solution in India that allows businesses to accept, process, and disburse payments with its product suite.
Razor pay online provides the highest level of tech integration at a reasonable price:
- Online Razorpay Payment Gateway will charges 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 service 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.
4 InstaMojo Payment Gateway
Instamojo Payment Gateway allows new merchants to create a merchant account instantly to collect online payments with ease with or without a website. Charges of Instamojo are quite reasonable.
- Instamojo Payment Gateway service charges are:
- Annual maintenance Charge: ZERO. yes ZERO
- Transaction Fee per Transaction: Flat fee @ 2% + Rs 3 per transaction
- Key Features of Instamojo Payment gateway service are
- International Payment / Credit card Support: Not supported
- Multi-Currency Support: Not supported. Only INR.
- Withdrawal Fees: Zero
- Settlement days: 3 days in your connected Bank account.
- Customer Support: Their IVR system clearly says that they are closed over weekends. However, on weekdays, our call went unanswered.
- Documentation required: Documentation list you can see after signing up with them.
- No of Days to start a transaction: You can start receiving payment after simple signup with your email. Types of Credit Card Accepted:
- Supported eCommerce CMS System: All major ones such as Magento, Prestashop, Opencart etc.
- Mobile App Payment Gateway Integration: Not available as of now.
5 PayPal Payment Gateway Service:
PayPal is a global payment platform available in 200+ countries across the world. PayPal claims to have processed 4 billion payments (including 1 billion mobile) in 2014. Over 173 million customers use Paypal on a regular basis.
PayPal Payment gateway Service charges are:
- Annual maintenance Charge: Free, Zero maintenance charges.
- Transaction Fee per Transaction: 4.4% + US$0.30 + Currency conversions charges
- Settlement days: All payments received in your PayPal account will be auto-withdrawn to your local bank account on a daily basis.
- Customer Support: PayPal has a great customer support system.
- Mobile App Payment Gateway Integration: iOS and Android.
- Supported eCommerce CMS Systems: Most of the popular ones are supported.
6 PayKun Payment Gateway
PayKun is a payment gateway service provider that enables a safe and secure transaction between buyer and seller.
Key Features of PayKun Payment Gateway are:
- Setup cost: Zero
- Annual Maintenance Charges: Zero. No hidden charges
- Transaction Fee per Transaction:
- Domestic: Flat 1.75% taxes as applicable
- Key Features of Paykun Payment gateway services:
- Paperless, easy & fast on-boarding process
- Easy & free integration with your website/application for all major platform
- Compliant with the Payment Card Industry Data Security Standard (PCI DSS) v3.2.1 Level 1.
- Payment retry option
- Payment link option for single & multiple customers
7 CCAvenue Payment Gateway:
CCAvenue is one of the largest payment gateway India, offering a wide range of payment options. It offers 200+ payment options inclusive of 6 credit cards such as Amex, JCB, Diners Club, Mastercard, Visa, and eZeClick.
CCAvenue Payment gateway Service charges are:
- Initial Setup Fee: Zero, yes Zero
- Annual maintenance Charge for a Startup account: Rs 1200
- Transaction Fee per Transaction: Variable fee below
- 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
8 Atom Paynetz Payment Gateway Service:
Atom 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.
- Atom Paynetz Payment Gateway Service charge are:
- Annual maintenance Charge: Generally waived off for first year, however second year onwards you have to pay Rs 2400.
- Transaction Fee per Transaction:
- Credit Cards: 2.1%
- Debit cards: for transactions less then Rs 2000 it is 0.75%
- Debit cards: for transactions more then Rs 2000 it is 1%
- Key Features of Atom Paynetz payment gateway are:
- International Payment / Credit card Support: Not supported
- Domestic Credit Cards supported: Visa, Master, AMEX, Diners, JCB, Discover
- Multi-Currency Support: Not Supported
- Withdrawal Fees: Zero
- Settlement days: in T+2 days
- Customer Support
9 Citrus Payment Gateway:
It is merged with PayU now. Therefore, I have dropped all the details for this payment Gateway.
Below are details of another payment Gateway that you can consider for your Business:
10 PayTM
Paytm has emerged as a leading payment due to its online consumer base with ‘Paytm Cash’ wallet. Therefore paying with Paytm could be beneficial for a small eCommerce merchant.
- Domestic Credit Cards supported: Visa, Master, Maestro, Amex, Discover and Diners. Flat 1.99%
- International Credit Cards supported: Visa, Master, Maestro, Amex, Discover and Diners
- Pricing of Paytm payment gateway
- 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:
- 1.99% for Paytm wallets, Net banking, and Credit cards
- 0.4% for transaction amount below Rs. 2,000 via Debit cards (Mastercard & Visa) / 0.9% for amount above Rs. 2,000
- 0% for Rupay card and UPI
- 2.8% for international Credit/Debit cards
- 0% Transaction fees for all startups (Build for India Offer)
- Multi-Currency Support: 72 plus currencies
- Charges on the PayTM payment gateway
- 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: Supported.
- Taxes extra as applicable from time to time
- International Payment / Credit card Support: Supported all kind of credit cards.
- Multi-Currency Support: 72 currencies supported as of now.
- Multi-currency transaction charges: Not applicable.
- Withdrawal Fees: Zero.
11 DirecPay Payment Gateway Service:
DirecPay is one of the largest payment gateway solutions service providers in India.
- Their charge are:
- Annual maintenance Charge: Zero.
- Transaction Fee per Transaction: variable transaction fee applies
- 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
- Key Features of DirecPay are
- International Payment / Credit card Support: Supported with an additional refundable security deposit of Rs 30000.
- Multi-Currency Support: US$ is supported for merchants with International Payment Gateway activation.
- Withdrawal Fees: Zero
12 PayUbiz Payment Gateway Service:
PayUbiz is part of Naspers, a US$25 Billion media and internet company listed in Johannesburg and London stock exchange.
13 Mobikwik Payment Gateway:
Mobikwik (formerly known as Zaakpay) Payment Gateway is a popular service for online credit, debit card & internet banking processing transactions.
14 EBS Payment Gateway
EBS or E-Billing Solutions is the first Indian merchant account provider to achieve the PCI DSS 3.0 standards of compliance.
15 Easebuzz
Easebuzz is a software platform that allows businesses to have a payment gateway and value-added services.
Our recommendation is that you go ahead with at least two payment gateways before going to purchase any product so that your customer has a choice to pay.
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