Top Online Payment Gateways in India

 “Digital money” is a term on which every transaction depends nowadays. A large percentage of the population is rapidly moving cashless economy. Online payment gateways are a reliable alternative to cash payments.

From a tea stall to a reputed online store, payments are made online. As a result, people travel the world without a penny in their wallets.

E-wallets are the only wallets carried by people these days.

Online payment platforms have grown rapidly in recent years. 

These online payment gateways simplify people’s lives. But with amazing options available, the confusion is obvious. Each platform provides the best services to users.

Learn more about online payment gateway. 

Do you need help selecting the best payment gateway?

Then this blog might be helpful for you. 

There are criteria to follow when looking for payment gateways.

Points to consider while choosing a payment gateway-

• Strict cyber security measures
• Consider a payment gateway with lower tariffs
• Look for currency support in multiple currencies.
• A reliable payment gateway with seamless transactions

Consider these points while choosing a gateway. A customer always looks for a seamless transition. And opting for a payment gateway with these points will translate into more customers.

Also, check the following: Why Should I Have a Website For My Business?

The Best Payment Gateway

With so many options available, the confusion over how to choose the best payment gateway is obvious. In this article, we will provide information regarding the best online payment gateways.

Razorpay 

It provides access to all payment methods like credit cards, debit cards, net banking, UPI, and some popular wallets, including Mobikwik, Airtel Money, Jio Money, etc.

It is one of the famous payment providers that accepts, processes, and expends payments in its product suite. Easy integration is one of the specialties of Razorpay. It provides customers with the benefit of seamless, automated payments. 

Leveraging this payment option provides you with the benefit of a dashboard. In addition, the dashboard helps in viewing real-time purchases.

Well-established businesses like Urbanclap, Nykaa, Swiggy, Zomato, Zoomcar, Grofers, etc., use Razorpay. With reporting and insights, customers benefit from in-depth and business-driven analytical aid. Moreover, because of its simplicity, it is preferred by small and large organizations. 

Some benefits of Razorpay are

• Seamless checkout experience
• Standard security compliance
• Accept all payment modes
• Checkout and worldwide card savings

PayPal 

PayPal is one of the most famous and renowned global payment platforms in more than 200 countries. Therefore, it is widely preferred for international transitions. 

This platform also helps in sending an invoice via email. The charges are 2.5% plus Rs 3 per transaction for Indian debit and credit cards, net banking, UPI, and Indian wallets. 

It assists popular e-commerce CMS systems, and as a result, it is one of the most preferred platforms. In addition, it provides a problem-free documentation process to the customers. 

Regardless of business size, this platform accommodates all kinds of transitions. Paypal’s setup is completely free for its users. The global presence made this a valuable and reputed platform.

Some benefits of PayPal are:

• Credit card security 
• Money transfer in real-time
• Integration with online auctions
• Flexible platform 
• E-commerce platform integration
• Multiple currency support 

CC Avenue

With over 200 payment options, it is one of the largest payment platforms. It is a merchant-centric service that assists SME industries. CCAvenue serves education, travel, retail, hospitality, and many other businesses. It is a fast, easy-to-use, and secure payment gateway. 

It is widely preferred for online payments of goods and services. There is no initial setup fee, but on the other hand, the annual fee is 1,200 rupees.

Well-reputed companies like Air Asia, Myntra, Lakme, Make My Trip, etc. use CCAvenue. 

The company developed a fraud and risk identification system and knowledge base for security purposes. 

Some benefits of CCAvenue are:

• Easy customization 
• Processing of multiple currencies
• Fraud detection system
• Invoice generation 
• International transactions 
• Recurring payments 

PayU 

One of the largest payment aggregators. It has the highest ratio in the market because it is directly connected to most banks and networks. Regardless of business size, it handles payment transitions from individuals to large business entities.

With the use of cutting-edge technology, it provides a state-of-the-art payment gateway. 

Leading companies like Amazon, Myntra, and Zomato trust PayU.

The setup and annual fees are free, but the transactional fee is 2% + GST per transaction. 

Transitions on this platform are completely safe and secure. They keep the details of the users’ accounts confidential. It offers 150+ payment methods, including UPI, credit cards, debit cards, net banking QRs, etc. 

Some benefits of PayU are:

• Native OTP is accessible
• International payment support 
• PoS solutions 
• Best success rates 
• Dashboard view for payment tracking 
• Easy integration 

Paytm 

Paytm is a leading, robust, full-stack fintech aggregator and financial solution provider. It provides major payment methods, including net banking, UPI, Paytm Wallet, and domestic and international cards.

Multiple languages feature is supported and provides services such as mobile recharge, bill payments, and more.

The B2B and B2C payment gateway are provided for companies. It is used by well-known companies such as Zomato, Swiggy, Jio, Adani, Myntra, Uber, and others.

Paytm has no setup or annual fees, but the transaction fee is 18% GST plus certain percentages for different payment methods.

Some benefits of Paytm are:

• Fast transitions
• Support international and domestic cards 
• Dedicated support 
• Instant activation 
• Invoice generation 
• Easy integration 

To summarize

There you have it—a complete list of India’s top online payment providers. Choose the top payment provider for you according to your requirements. 

Always look for a mobile-responsive, safe, and secure platform. Although each payment provider is best in its way, check the various options, compare them, and select the best one. We hope you find this blog helpful.