Payment gateways are one of the most important technologies that were created. Earlier, there was no reliable and secure way to transfer payments or to make online payments. But with the advent of payment gateways, online financial transactions are fast and secure. According to the Economic Times, Indian customer’s demand for Digital Payments has increased by 106% in the last 9 months.
With many amazing payment gateways in the market, how do you know which one to choose? The decision is a big one. This is why we have reviewed the top online payment gateways in India for accepting payments on the web.
Let’s take a look.
Top 7+ Online Payment Gateways in India 2023
Before we get started, let’s take a quick overview of the best payment gateways in India.
1. PayPal India

PayPal is a renowned e-commerce platform that helps individuals and companies to accept and make payments. The company ensures that it follows bank-level technology to offer a secure transaction experience for customers using debit/credit cards that PayPal supports.
Through the platform, you can also send the invoice via email. Overall, it is a platform that can attend to the transaction needs of businesses of any size.
2. PayUmoney

PayUmoney is an online payment gateway software that offers state-of-the-art payment gateway solutions through its groundbreaking technology. The platform can handle the transaction needs of startups, small businesses, and enterprises. It also accepts online payments from individuals.
All the transactions done through this platform are safe and secure. Above all, the personal details of the users will remain confidential.
3. Paytm

Paytm is one of India’s leading full-stack payments & financial solution provider. It offers services for consumers, offline merchants, and other online platforms.
It is currently available in 11 Indian languages and also offers other services such as mobile recharges, utility bill payments, grocery payment, fruits & vegetable payment, pharmacies, and more.
4. CCAvenue

CCAvenue is a payment gateway provider that validates internet payments via debit cards, credit cards, mobile wallets, and net banking. They serve many types of businesses including hospitality, education, event management, retail, travel, and others.
The platform also has the ability to process multi-currency payments. If you are into taking online payments for goods or services CCAvenue is an excellent platform.
5. Razorpay

Razorpay is another famous payment solution provider in India which accepts, processes, and disburse payments within the product suit.
It accepts payment credit card, debit card, net banking, UPI, and other popular wallets.
6. Instamojo

Instamojo was started to address the biggest pain points of digital entrepreneurs in India. The platform has simplified the process of getting paid.
They offer payments, free online store, logistics, credit, and financing, across mobile & web. Any entrepreneur who has a bank account can sign up and start selling online.
7. Cashfree

Cashfree provides a wide range of payment options such as Visa, Mastercard, Maestro, Rupay, Amex), 75+ net banking options, and popular mobile wallets.
The platform is also India’s leading API provider and allows to easily add the payment gateway to their product. It is also integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Google Pay, and Ola.
8. EBS

EBS is a PCI DSS 3.0 compliant payment gateway in India. The platforms helps you to collect payments from end customers through net banking, credit and debit cards etc.
It is also audited by ISO 27001- 2013. So, you can rest assured that it is one of the most secure online service providers in India.
Comparison Chart of the Top Payment Gateways in India
Payment Structure | Documentation | Payment Support | Multi-currency Support | Period | eCommerce CMS Support | Mobile App Support |
|
---|---|---|---|---|---|---|---|
PayPal India | 2.5 % + Rs 3 per transaction for Indian Debit and Credit Cards, Net banking, UPI and Indian Wallets 3.4 % to 4.4 % per transaction for international cards, EMI, etc 0 setup fee, and an annual maintenance fee | Online. Need the scanned copy of the cancelled cheque, PAN Card, and address proof | Supports all international payment and popular credit cards such as Amex, Diners, Discover, Maestro, Master, and Visa | Support multiple currencies | Settlement Period - 24 hours Activation Period - Soon after successful registration | Supports all popular eCommerce CMS systems | Both Android and iOS |
PayUmoney | 2 % + GST per transaction for Indian Debit and Credit Cards, Net banking, UPI, and Indian Wallets. 3 % + GST per transaction for International Cards, EMI, etc. 0 setup fee, and an annual maintenance fee | Online. Need the scanned copy of the cancelled cheque, PAN Card, and address proof | Supports all international payment and popular credit cards such as Amex, Diners, Discover, Maestro, Master, and Visa | Accept payments in 100+ foreign currencies | Settlement Period - 3 days Activation Period - Activation depends on documentation verification | Supports WooCommerce, WHCMS, Prestashop, Shopify, Opencart, Magento, CS-Cart, and Arastta. | Both Android and iOS |
PayTM | 1.75 % + GST per transaction for Indian Debit and Credit Cards, Net banking, UPI, and Indian Wallets. Both the initial setup fee and annual maintenance charges are Rs 5,000, respectively. But due to a promotional offer, they are being waved off at the moment. | Online. Need the scanned copy of the cancelled cheque, PAN Card, and address proof | Supports all international payment and popular credit cards such as Amex, Diners, Discover, Maestro, Master, and Visa | They aren’t supporting multi-currency transactions yet | Settlement Period - 2 to 3 days Activation Period - Within 2 working days after document submission | Supports variety of systems and carting kits such as Zencart, WordPress, WHMCS, VirtueMart, ViArt, Ubercart, Prestashop, OSCommerce, Opencart, NopCommerce, Moodle, Magento, Joomla Virtue Mart, Gravity forms, Easy digital, Drupal Commerce, and CScart | Both Android and iOS |
CCAvenue | 2 % + GST per transaction for Indian Debit and Credit Cards, Net banking, UPI, and Indian Wallets. 3 % + GST per transaction for International Cards, EMI, etc. 0 setup fee, and an annual maintenance fee | Online. Need the scanned copy of the cancelled cheque, PAN Card, and address proof | 6 Credit Cards 58+ Net Banking 97+ Debit Cards 13 ATM Cards 13 Prepaid Instruments 14 Bank EMI | Supports 27 major global currencies | Settlement Period - 1 week for all amounts greater than Rs 1,000 Activation period - Within 4 working days | Supports Buildabazaar, Cubecart, Drupal, nterspire, Joomla, Magento, Martjack, Moodle, NopCommerce, Opencart, OsCommerce, PrestaShop, VirtueMart, WHMCS, WordPress, ZenCart | Android, iOS and Windows |
Razorpay | 2 % per transaction for Indian Debit and Credit Cards, Net banking, UPI, and Indian Wallets 3 % per transaction for International Cards, EMI, etc 0 setup fee, and an annual maintenance fee | Online | Supports all international payment and popular credit cards such as Amex, Diners, Discover, Maestro, Master, and Visa | Supports multiple currencies from over a 100 countries | Settlement Period - 3 days Activation Period - The activation depends on documentation verification. | Supports WooCommerce, WHCMS, Prestashop, Shopify, Opencart, Magento, CS-Cart, and Arastta. | Both Android and iOS |
Instamojo | 2 % + Rs 3 per transaction for Indian Debit and Credit Cards, Net banking, UPI and Indian Wallets 5 % + Rs 3 per transaction for digital products and files 0 setup fee, and an annual maintenance fee | Online. Need the scanned copy of the cancelled cheque, PAN Card and address proof | They do not support international payment, credit card | They do not support multi-currency support yet | Settlement Period - 3 days Activation Period - Soon after successful registration | Support all popular ecommerce CMS systems | No Mobile App yet |
Cashfree | 1.75 % per transaction for Indian Debit and Credit Cards, Net banking, UPI and Indian Wallets 3.5 % + Rs 7 Per transaction for International Cards, EMI, etc. | Online. Need the scanned copy of the cancelled cheque, PAN Card and address proof | It offers the widest range of payment options for Visa, Master, Maestro, Rupay, Amex cards, over 70 Netbanking options, PayTM, and mobile wallets like Mobikwik, Freecharge, and Airtel. It also supports UPI, PayPal, NEFT, and IMPS. | International payments in 30 currencies | Settlement Period - 24 hours Activation Period - ‘0’ initial setup fee, annual maintenance, and minimum annual business requirement | Support most popular ecommerce CMS systems such as Magento, OpenCart, Prestashop, Shopify India, Storehippo, and WooCommerce India | Both Android and iOS |
EBS | 2 % + Rs 3 per transaction for Indian Debit and Credit Cards, Net banking, UPI and Indian Wallets 3 % per transaction for Amex, ezeClick, JCB, Diners, Wallets, Cash cards Annual Maintenance (AMC) of Rs. 1200 will be applicable from the 2nd year and 1st year AMC will be waived off. | Online. Need the scanned copy of the cancelled cheque, PAN Card and address proof | It accepts Visa, Master Card, American Express, JCB & Diners cards issued around the world. | It supports 11 major foreign currencies (INR, USD, GBP, Eur, AED, QAR, OMR, CAD, HKD, SGD, AUD) | Settlement Period - 2 to 3 days Activation Period - Go Live in 24 hours! | It supports many ecommerce CMS Systems such as Buildabazaar, Cubecart, Interspire, Drupal, Magento, Joomla, Magento Go, Moodle, Martjack, OsCommerce, NopCommerce, Opencart, WordPress, PrestaShop, VirtueMart, WHMCS, and ZenCart | Both Android and iOS |
Here’s a video that discusses the payment gateways in India in a descriptive way. Do have a watch!
Winding Up
There you have it – a complete review of the online payment providers in India. So which one should you choose from our list? We’d suggest you select one that aligns with your business goals and objectives.
If you work with an e-commerce solution provider like ColorWhistle, they will assess your needs and recommend a perfect e-commerce website development solution along with the creative graphics needed for enhancing the look-and-feel of your website. And moreover, when it comes to e-commerce site development, you’ll have multiple questions like whether to choose WordPress or Drupal or other CMS and many other questions. If you’ve any queries to be addressed regarding the general website development, you can checkout our blog.
If the payment provider you prefer is not on the list, do share it in the comments section below and let us know why you prefer it.
What next? Send us a message or give us a call at +1 (210) 787-3600 to discuss with us if you are looking to integrate any such payment gateway in your website. We would be more than happy to help you.
Hi,
I want to start my online business.So, need guidance for online payment gateways.
Thanks For Sharing This Useful Information It Help Me A Lot You Can Explain Content In Depth
Thanks For Sharing This Useful Information It Help Me A Lot You Can Explain Content In Depth