Top Online Payment Service Providers in India For 2022

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 Payment Gateways in India

Before we get started, let’s take a quick overview of the best payment gateways in India.

1. PayPal India

paypal-Payment-Gateway-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-Payment-Gateway-India

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-Payment-Gateway-India

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-Payment-Gateway-India

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-Payment-Gateway-India

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-Payment-Gateway-India

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-Payment-Gateway-India

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-Payment-Gateway-India

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

 PaymentstructureDocumentationPayment supportMulti-currency SupportPeriodeCommerce CMS Support
Mobile App support
PayPal India2.5 % + 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 VisaSupport multiple currenciesSettlement Period - 24 hours
Activation Period - Soon after successful registration
Supports all popular eCommerce CMS systemsBoth 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 proofSupports 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
PayTM1.75 % + 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
CCAvenue2 % + 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
Razorpay2 % 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
OnlineSupports 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
Instamojo2 % + 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 proofThey 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
Cashfree1.75 % 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 proofIt 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
EBS2 % + 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 proofIt 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 solution. A full-service e-commerce solution provider will have experience working with similar e-commerce businesses like yours. So, you definitely trust their recommendation.

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 (919) 234-5140 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.

Pavithra Samuel
About the Author - Pavithra Samuel

I'm a passionate copywriter at ColorWhistle sharing a special bond with digital marketing. I aim at delivering masterpiece content for which my research helps a lot. I always search for unique inspirations and write them all down to use in my blogs & content. I make the best use of the upgraded tools & technologies that greatly assist in content writing. Other than reading & writing, my other two friends are food & music. On and often, I do write blog posts, to get regular updates, stay tuned with us.

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