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 2023 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. PayU

PayU is highly customizable that can strengthen your digital payment processes. With features like native OTP and one-click payments for recurring transactions, instant refunds for your business, ensure a seamless customer experience. It is also considered to be one of the top payment gateways in India that support around 150+ modes of payment which include net banking, UPI, static QR, debit cards, and more. The platform can handle the transaction requirements 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.

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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. PhonePe

PhonePe, India’s pioneering UPI-enabled payment application headquartered in Bangalore, holds the distinction of being the nation’s first of its kind. The versatility of PhonePe extends to a comprehensive suite of services, facilitating seamless money transfers, bill payments, online shopping, flight reservations, and investment opportunities.

Furthermore, PhonePe facilitates payments through various channels, including its dedicated wallet, debit cards, and credit cards.

The convenience of PhonePe is that it allows it to integrate with other popular e-wallets such as Jio Money and Airtel Money. This integration empowers users to effortlessly transfer funds between different e-wallets, simplifying the digital payment experience for its diverse user base.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

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10. Cashfree Payments

According to their website Cashfree Payments, it enables a powerful and scalable payments platform for business payments needs in India. Whether it’s a collect payments, send payouts, manage international payments, banking infrastructure, recurring payments – they have a payment solutions.

11. PayKun

PayKun, consider itself as the most straightforward solution for online payment collection as it is compatible with various default payment methods. It is a versatile payment platform across sectors including enterprises, SMEs, NGOs, and eCommerce brands.
Paykun provides a range of convenient features such as single-click refunds, minimal downtime for payment failures, and flexible subscription payment options to merchants

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!

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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.