5 Best Payment Gateways In India
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5 Best Payment Gateways in India

The wave of digitalization can be clearly seen in today’s time. Various online payment methods have emerged due to innovation and technological advancement. As per Statista, the payment gateway market of India is estimated to grow to around 1.71 billion US dollars and the value of the transaction is forecasted to go up to above 238 trillion INR, in 2025. Now, the best method to process online payments for businesses is to get an online payment gateway. It enables the business to accept secure payments with multiple payment options. 

List of 5 Payment Gateways in India in Random Order

You must choose an online payment gateway that is affordable for you and also provides good performance and the best services. Here’s the list of 5 popular payment gateways in India. If you are looking for an online payment gateway for your business, this could be your quick guide. 

Instamojo

Instamojo is a payment gateway with a complete payments solution for businesses. It provides 100+ payment modes and multiple device support. Instamojo does not have multi-currency support, it is available to PAN India.

It provides simple integration options to the website and mobile applications and supports all major platforms. You can use Payment Links and embed the Payment Buttons.

Features of Instamojo:

  • Simple Onboarding 
  • Analytics and insights
  • Email and Chat Support
  • 100+ payment modes
  • Send Payment Links
  • Available Integration Library
  • Pricing
  • No setup fees
  • Zero maintenance Charge
  • Transaction Fee: Flat 2% + Rs 3 per transaction

Cons

  • Poor support
  • No Multi-currency support

Support

  • Email and Chat 

Instamojo Payment Gateway URL: instamojo.com/payment-gateway/

PayKun 

Paykan is a popular emerging payment gateway in India. It is known for its lowest transaction rates (TDR). It provides 120+ payment method options and supports multiple currencies. PayKun is PCI DSS compliant providing strong security.

PayKun is the best payment gateway for all types of business entities small, medium, large, and startups. PayKun supports various business models including eCommerce, Individuals, Freelancers, SaaS, Gaming, etc.

PayKun provides easy integration options for the website as well as mobile applications.

  • Features of PayKun:
  • Easy Onboarding
  • Fast Settlements
  • Payment Links
  • Embedded Payment Button
  • Easy Integration
  • Available Plugins and SDKs
  • All major platforms supported
  • 120+ Payment methods
  • Smart Dashboard
  • Pricing
  • Free Integration assistance
  • No setup fees
  • Zero maintenance Charge
  • Domestic Transaction Fee: Flat 1.75%
  • International Transaction Fee: Flat 3%
  • Available Customized Pricing Plans 
  • Support
  • Toll-Free: 1800-212-8070
  • Live Chat
  • Emails
  • Dedicated Account Manager

Razorpay

Razorpay is a popular payment gateway in India. It provides 100+ payment mode options and is a PCI-compliant secured gateway

It provides integration kits for the integration of the payment gateway to the website or mobile application. It provides the Payment Links feature, also you can add the payment button to your website.

Features of Razorpay:

  • 100+ payment modes
  • Available Payment Links
  • Add Payment Button option
  • Analytics and Insights
  • T+3 working days settlements
  • Available libraries and SDKs
  • Pricing
  • No setup fee
  • No Annual maintenance charges
  • Transaction Fee: Flat 2% +1% for International cards, EMI, and Amex
  • Cons
  • No live mode for Customer Support
  • Support
  • Chat-bot
  • Online Knowledgebase

CCAvenue

CCAvenue is also a popular payment gateway in India. It offers multiple payment options. CC Avenues payment page comes in 18 different languages. It supports multiple currencies.

Features of CCAvenue:

  • 6 Credit Cards
  • 58+ Net Banking
  • 97+ Debit Cards
  • 13 Prepaid Instruments
  • 15 Bank EMI
  • All major foreign currencies
  • Provides checkout in multiple languages
  • Ready Plugins and SDKs
  • Smart Analytics
  • Pricing
  • Privilege Plan – 

Setup fee: 30000 (transaction rates discussed by the CCAvenue)

Startup Pro Plan –

  • Setup fee: Zero 
  • MasterCard & Visa Credit / Debit Cards (International) : 3.00%
  • Corporate / Commercial Credit Cards (Domestic): 3.00%
  • American Express / Amex EMI & Diners Club: 4.00%
  • 27 Multi-currency options: 4.99%
  • Others: Flat 2%
  • ANNUAL SOFTWARE UP-GRADATION CHARGES (A.S.U.C): 1200
  • +Applicable taxes
  • Support
  • Email and Chat Support
  • CCAvenue Payment Gateway URL: https://www.ccavenue.com/

PayU

PayU is one of the top payment gateways. It supports 100+ payment modes and multiple international currencies. Its checkout page is customizable and can be integrated with the website and app. It supports startups and various other enterprises. 

  • Features of PayU:

Easy Onboarding

  • Analytics and Insights
  • Chatbot and Ticket Support
  • T+3 working days settlement
  • Zero setup fee
  • Pricing
  • No setup fee
  • No Annual maintenance charges
  • Transaction Fee: Flat 2%
  • American Express & Diners Cards 3% + GST

PayU Payment Gateway URL: https://payu.in/

Concluding

It can be seen from the comparison, PayKun offers the lowest rates among all five payment gateways with excellent support and smooth checkout along with other features. Whereas CCAvenue has more payment options but the pricing plans have higher TDR and an annual maintenance fee in the standard plan. This is an example of the comparison, that you may take into consideration to choose the payment gateway for your business keeping in mind its requirements and customer preferences.

Bharat Negi
Hi, this is Bharat Negi Currently I'm working as an Sn. Digital Marketing Executive. 
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