A Payment Gateway is an online service that enables merchants and businesses to accept credit or debit card payments from customers easily. They are highly secure, properly managed, and support multi-channel payment processing. If you are running an online business, especially an e-commerce store, it is mandatory to select a good payment gateway provider to thrive.
Online payment is becoming the most preferred payment option for customers following the advent of smartphones and the digitization of various technologies. Research says that 86 percent of the customers are now making online purchases via credit or debit cards.
Hence, it is best to figure out which payment gateway suits you best and gives you better conversion rates and acceptance over several others.
Here are the top 10 payment gateways in India to choose for your better assessment in 2021.
CCAvenue is one of the oldest payment gateways in India with over 80% of e-commerce merchants using it. Founded in 2001, CCAvenue has become one of the dominants in the space of online payment gateway. It facilitates online payments through credit & debit cards, net banking, digital wallets, mobile payments, and cash card methods for online customers.
CCAvenue payment gateway supports almost every major bank in India and is fully authorized by Indian financial institutions. To learn more about their complete features in detail, visit their website.
Cashfree is a next-gen payment gateway that enables businesses to easily collect as well as disburse payments via the broadest range of payment methods in India: Visa card, Master Card, Maestro Card, Rupay Card, UPI, NEFT, IMPS, Mobile wallets like Airtel, Mobikwik and Freecharge and 70+ Netbanking options. It also allows you to accept recurring payments, enabling you to offer subscription packages to your customers.
Cashfree payment gateway offers one of the lowest TDR in India and charges only 1.75% per transaction. What’s more, it can also work as an International Payment Gateway. Visit their website to learn more about its features in detail.
PayPal is one of the largest global online payment systems which is currently available in more than 200 countries and supports 25 currencies. In 2017, PayPal started supporting domestic transactions in India and expanded its commitment to the Indian Market. The platform has also been offering cross-border payment services in India for close to a decade, helping freelancers and SMEs to leverage global opportunities.
PayPal offers a compelling set of services to help consumers shop online with confidence including One Touch, Buyer and Seller Protection, and Refunded Return Shipping for a differentiated payments experience. Visit their website to learn more about its features.
Razorpay is aiming to revolutionize online payments in India by providing clean and hassle-free integration. It offers a fast, affordable and secure way for merchants, e-commerce, and other companies with access to all the payment modes including credit card, debit card, net banking, UPI, including popular wallets like Mobikwik, PayZapp, PayUmoney, and many more.
Razorpay payment gateway also supports subscriptions or recurring payments, offering the uppermost level of tech amalgamation at a reasonable price. Visit their website to know more about the Razorpay payment gateway.
5. PayU India:
PayU is an online payment service provider that focuses on matching merchants’ needs with consumers’ shopping and payments while providing a single integration solution to receive local payments. It offers more than 250 local payment methods and multiple currency options along with a one-click buy that allows consumers to purchase with a simple click, increasing the conversion rates.
Currently, PayU payment gateway is serving more than 4000 merchants, including leading e-commerce giants like Snapdeal, Jabong, Bookmyshow, Tradus, and more. Visit their website to get more details about their features.
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Established in 2005 and headquartered in Mumbai, EBS (E-Billing Solutions) enables online purchases authorized by safety and process obedience followed by ISO 27001-2013 Standard. Therefore, it is one of the most secure payment gateways in India. It offers customers the ability to use their debit, credit, net banking, EMI, and other options to make online payments in a seamless way.
EBS payment gateway also supports international payment/credit card support including 11 major currencies around the world. Visit their website to know more about the EBS payment gateway.
DirecPay is one of the most reliable payment gateways in India that offers wide payment methods, cost-effective plans, and a highly secure platform for monetary transactions. It provides a mobile-optimized user experience, along with multiple payment acceptance modes and a solid technology policy that has proven to be revolutionary for online merchants.
DirecPay payment gateway easily integrates with all major online shopping carts like Magento, Joomla, OpenCart, and more, and currently serves a wide range of online businesses like travel, advertising, apparel, insurance, etc. Visit their website to know more about its features in detail.
Started off as a prepaid mobile and DTH recharge platform, PayTM has turned out to be one of the best payment gateways in India for small businesses. With its easy accessibility and huge online consumer base, PayTM has enabled merchants to make their payments online with better convenience via PayTM Cash Wallet. There was an initial setup fee for the PayTM payment gateway which is completely waived off as of now.
Currently, it allows payments from only the PayTM wallet, unlike other traditional payment gateways. Visit their website to sign up or know more about the PayTM payment gateway.
Mobikwik payment gateway, also known as Zaakpay, offers online payment solutions for both individuals as well as business firms. Offering seamless integration with major platforms like WordPress, Magento, etc., Mobikwik comes with an extremely mobile-friendly user interface.
Mobikwik payment gateway meets the needs of every kind of payment irrespective of the size of your business or the usage, providing safe and secure monetary transactions. Visit their website to know more about the Mobikwik payment gateway.
Started in 2012, Instamojo payment gateway aimed at bringing small businesses online and enables merchants to collect payments. All it requires is a mobile number and a bank account to set up. It can instantly start collecting payment and transfer it to your bank account automatically in no time. It also supports mobile app usage and can be in tune with SMS and Whatsapp.
Instamojo payment gateway works with most of the debit and credit cards certified with more than 58 banks. Visit their website to know more about the Instamojo payment gateway.
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