Are you in need of choosing a payment gateway for your startup in India? Choosing the ideal payment gateway for your startup website is a challenging task. Here is a complete list of payment processing companies.
One thing I would like to point out is there is no such thing like the best payment gateway. Each payment gateway has its own advantages and disadvantages. You need to find out which payment gateway best suites according to your requirements.
I am not going to go into detail of what is payment gateway. If you don't know what a payment gateway is and how it works, read about it on Wikipedia. Following are the payment gateway service providers in India. Please note that the order of these payment gateways is random.
Payment Gateways in India
1. 2Checkout -
Since 2000, 2Checkout allows companies to accept online and mobile payments from buyers worldwide, with localized payment options.
Features - merchant account, PCI compliance, international fraud prevention, and integration with more than 100 shopping carts.
2Checkout pricing - 3.9% + 45¢ every successful transaction.
2Checkout Setup Fees - No setup/monthly fees.
2. CCavenue -
CCAvenue is South Asia’s largest payment gateway solution powering thousands of eMerchants with real time, multi-currency, multiple payment options online payment processing services.
Features - Maximum Payment Options, Multiple Currency, Multilingual Checkout Page, Mobile Payments, 1 Hour Activation
CCAvenue pricing - 1.99% + Rs. 3.00*
CCAvenue Setup Fees: Zero Setup Fees
Annual maintaince charges : Rs. 1200
3. DirecPay -
DirecPay' provides an integrated suite of multiple payment options to merchants in India for an easy & convenient option to grow their online business.
Features - Overnight integration, Accept International Credit Cards, Real time MIS, Dropped Transaction Tracking.
Pricing and setup fees info is not available.
3. PayUbiz -
Earlier known as PayU, PayUbiz enables merchants to collect payments online with best in class features ad technology.
Features - Mobile Focused, One tap payment, Beautiful payment experience, Large Range of Payment Options, Analytics, Magic Retry
PayUbiz Pricing -
5. EBS -
Since 2005, E-Billing Solutions (EBS) facilitates online purchases from a merchant’s website and helps them to collect payment from the end customers by net banking, credit and debit cards etc.
Features: Maximum Payment Options, Auto Retry, Smart Routing, Multiple Currency Processing, Foreign Card Acceptance
EBS Pricing -
Annual maintenance charges - Rs. 2400
EBS Setup Fees - Rs. 4,799 to Rs. 23,999
6. PayUMoney -
PayU India is the flagship firm of Naspers group which provides state-of-the-art payment gateway solutions to online businesses through its cutting-edge and award-winning technology.
Features - Go Live within Minutes, Zero Upfront Cost, No Hidden Charges, Easy and Fast Integration
PayUMoney Pricing - 2%
PayUMoney Setup Fees - No Setup Fees
7. CitrusPay -
Citrus offers the easiest way to start accepting payments online.
Features - Unsurpassed Transaction Success, Supports All Devices, Seamless Payments, Insightful Analytics & Reports
CitrusPay Pricing - 1.99% + Rs. 3 per transaction
Annual maintenance cost - Rs. 4900 1200 (Pricing Updated)
8. Instamojo -
Collect payments on WhatsApp, Instagram, Facebook or anywhere. Just share your Instamojo payment link and get done. It's magical!
Features - Payments on WhatsApp, Payments via Email & SMS, Free Online Store, Simple Payment APIs
Instamojo Pricing - 1.9% every successful transaction and 5% on digital products
Setup Fees - No Setup Fees
8. Airpay -
Airpay is a unique payment platform which assists global ecommerce & retail.
Features - Unified platform integrated with a best-in-class RMS system, Built-in loyalty management Engine, Dynamic Payment Gateway Switching
Airpay Pricing - Airpay provides two simple plans. One is 2.5% per transaction, and the other one is Rs. 2500 per quarter which has zero transaction fees.
Setup Fees - Zero
9. Razorpay -
Razorpay is an online payment gateway which enables Indian startups to collect payments online through credit card, debit card, net banking and popular wallets like Paytm, Mobikwik, etc.
Features - No Redirects, Powerful Dashboard, Multiple Payment Modes, International Transactions, Embeddable Checkout Form
Razorpay Pricing - 2% per successful transaction, International Cards 3%, Diners and Amex cards 3%, EMI 3%
10. Zaakpay -
Online credit and debit card, internet banking processing gateway that is a breeze to set up.
Features - Over 52 Indian major banks supported for net banking, and Customized payment flows, Intuitive dashboard and APIs, Managed payment analytics
Pricing details are not available.
11. Paytmwallet -
Features - Fastest Checkout, Instant Money Transfer, Instant Refunds & Cashback, Superior User Experience, Marketing Tools
Paytmwallet Pricing - Only 2.5% of every successful transaction
Paytmwallet Setup Fees - No Setup Fees
I hope this list of payment gateways in India will help you in selecting the best payment gateway for your startup business. Selecting the right payment gateway is the essential thing to do. So, I would advise you to do proper research, take your time and then only select the right payment gateway for your website.
If you have any questions, need help please feel free to share it in comments.
Note - This is a wiki post. Users with level two privileges can make changes to this post.