Top 10 Best Indian Payment Gateways [2020]

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List of Top 10 Indian Payment Gateways Companies

If you intend to sell products online using your eCommerce website or social media, you need to have a payment gateway account to collect online payment from your customers. Your payment gateway account allows you to accept payments from your customers via credit card, debit cards, net banking, EMI, cash cards or other online payment options.

We have closely worked with several payment gateway providers and have till date facilitated payment gateway accounts integration for hundreds of our customers. We regularly communicate with almost all payment gateway providers in India. Therefore, we thought to write a brief review to cover the top 10 best indian payment gateways providers for you.

Below are the key parameters which are important for you to consider while selecting a payment gateway.

1. The cost of a payment gateway

Most payment gateways require a one-time Set-up fee (which ranges from 5000 to 50,000), and they also charge you a % of commission (TDR) on every transaction that happens on your e-commerce website (ranges from 0.9% to 3%). In addition to TDR and set-up fee, few payment gateway providers also charge annual maintenance charges (AMC) which range from Rs. 1200/year to Rs. 3600/year.

2. Merchant Support and Service

Opening a Payment Gateway a/c is much the same as a bank a/c. Having a decent connection with the service provider is important. Also, that is conceivable just if the service provider gives great support. From guaranteeing minimum bother in opening the a/c to smooth operations later on; they ought to be pleasing and act sensibly with an understanding state of mind.

3. User-interface of Payment Page

This is the main substantial component of a payment gateway provider. Also, Your clients need to collaborate with this page to make the payments to you. So before you sign-up with anybody, verify they have a decent & comfortable payment page.

4. Other Basic things

There are other essential basic things which despite the fact that is underestimated, ought to be cross-checked with the provider that you are considering. For instance – Multiple Payment Options, Stringent Fraud Check Processes, High Uptime, Reliable organization/administration, Sandbox environment, integration API, support for your CMS, etc.

Advice: If you are planning to accept online payment on your eCommerce websites, you better start now (as it kakes at least 1 to 3 weeks for account approval).

Here is the list of the top 10 best indian payment gateway companies we have simply rated them on the above four parameters (based out on our experience and little research):

1. RazorPay

razorpay

RazorPay is unicorn startup with 1Bn $ valuation with 200Mn+$ Funding till date. They are serving 8,00,000+ businesses to solve the problem of online payments. With RazorPay you can accept payments including credit card, debit card, netbanking, UPI and popular wallets.

RazorpayX is Business Banking built for disruptors. Bring effectiveness, efficiency, and excellence to all your financial processes with the best tech Razorpay has to offer, coupled with everything you could ask of your bank. Razorpay’s business banking arm makes end to end money movement easier.
With RazorPay you can manage your online marketplace, automate bank transfers, collect recurring payments, share invoices and avail working capital loans.

Setup Fee: Rs. 0
Annual Maintainence Charge: Rs. 0
TDR (%): 2% to 3% per transaction
Our Overall Rating: 10/10 Visit Website

2. PayuBiz

payubiz
PayuBiz has actually come up with some good features. Currently offering the lowest TDR in the market. Currently being used by biggies like Jabong, SnapDeal, BookMyShow and Ferns and Petals. Seems to be more customer friendly than others 🙂 They have maintained their customer service levels, even as they have grown. The USP of this payment gateway is the good practices which they claim results in 12% better conversions.

Setup Fee: Rs. 4,900
Annual Maintainence Charge: Rs. 2,400
TDR (%): 2.95% to 3.70% per transaction
Our Overall Rating: 8/10 Visit Website

3. PayKun

paykun
PayKun is a payment gateway service provider that enables secure transaction between ecommerce sellers and buyers. With PayKun payment gateway account you can provide your customers variety of options to make payments including online payment modes such as net banking, all major Credit/Debit cards, UPIs, EMIs, Mobile Wallets etc.

Also, paykun is easy to integrate with your ecommerce website using integration kits for all major ecommerce platforms. Any large, small, individual, trust, NGO, eCommerce, etc can easily register on PayKun website and start accepting online payments. The customers will get multiple payment options to make a payment on the PayKun checkout.

Setup Fee: Rs. 0
Annual Maintainence Charge: Rs. 0
TDR (%): 1.75% to 3% per transaction
Our Overall Rating: 8/10 Visit Website

4. CashFree

CashFree
Like other payment gateway companies Cashfree also provides the widest range of payment options e.g. credit cards, debit card, netbanking, wallets etc. It also supports UPI, NEFT, IMPS and Paypal. Payment gateway charges starts from 1.75% per transaction. Cashfree offers easy integrations with model window, redirect, iframe, and seamless checkout modes as per your site design and is easy to integrate.

Setup Fee: Rs. 0
Annual Maintainence Charge: Rs. 0
TDR (%): 1.75% to 3.5% per transaction
Our Overall Rating: 8/10 Visit Website

5. Instamojo

instamojo
Instamojo is successful Indian startup company in payment gateway industry that has more than 1 million active customers. This payment gateway has gain popularity because of the ease of use and extremely simple user-interface and signup process.

Instamojo also offers 100+ payment modes including recurring billing facility so that merchants can accept payment on a monthly basis. Integration with website and mobile integration is also available. The best thing about Instamojo is, it takes no charge for NEFT/RTGS and bank transfer.

Setup Fee: Rs. 0
Annual Maintainence Charge: Rs. 0
TDR (%): 2% to 3% per transaction
Our Overall Rating: 8/10 Visit Website

6. Atom Payments

atom payments
Atom payment gateway allows businesses and individuals to accept online payment in a user-friendly way with ease of use, speed & security over mobile, IVR as well as internet. We believe transaction should be a manageable and convenient process despite who does it and the process of it. It should be possible at any time of the day, and with the growth of advanced technology, power should be in your hands.

Atom has one of the most effective pricing in india. You can have a seamless transaction experience when you use the Atom’s online payment gateway. Atom’s integrated payment gateway system is your one-stop hub, for all your business payment requirements. You can receive payment via Credit card, Debit card (Domestic & International), UPI, Net Banking, BharatQR, Wallets, Challans, Bank’s IMPS & RTGS etc.

Setup Fee: Rs. 10,000
Annual Maintainence Charge: Rs. 5,000
TDR (%): 1.99% to 3.95% per transaction
Our Overall Rating: 8/10 Visit Website

7. ZaakPay

zaakpay
ZaakPay is an online payment gateway platform that helps you collect and process payments from your customers. It’s MobiKwik-promoted payment gateway aggregator, is being hived off as a wholly-owned subsidiary of One MobiKwik Systems, which owns MobiKwik wallet. Zaakpay already serves major merchants such as Uber, Zomato, Domino’s, Instamojo and IRCTC among around 10,000 merchants for their card payments as its clients. The company plans to double the number of merchants this year.

Zaakpay is based out of New Delhi and Bangalore. They offer Webpay as a product to accept credit & debit card payments. Regarding product & service, they are still at the foundation level. So there is a lot of new product that needs to be built bottoms up.

Setup Fee: Rs. 10,000
Annual Maintainence Charge: Rs. 5,000
TDR (%): 2% per transaction
Our Overall Rating: 6/10 Visit Website

8. EBS

ebs
EBS is ISO 27001-2013 certified payment gateway for safety and process standard. It is the primary service provider that had attained the PCI DSS 3.0 standards of fulfillment. Therefore, EBS is the most secure payment gateway in India.

EBS Supports domestic and international payments via credit card (including Visa, Master Card, American Express, JCB & Dinner cards), multiple currency (11 major foreign languages including INR, USD, GBP, Euro, Arab Emirates Dinar, Qatari Rial, Omani Rial, Canadian Dollar, Hong Kong Dollar, Singapore Dollar and Australian Dollar), e-commerce CMS Systems.

Setup Fee: Rs. 0
Annual Maintainence Charge: Rs. 1,200
TDR (%): 2% to 3% per transaction
Our Overall Rating: 6/10 Visit Website

9. EaseBuzz

easebuzz
Easebuzz is a software platform that allows businesses to have a payment gateway and value-added services. Easebuzz offers services in handling complex payment problems like vendor payments, recurring payments, split payments and multiple value-added services which helps businesses to scale.

Entire onboarding process is online and only requires few business documents. Comes with several unique features e.g. vendor payments, split payments, recurring payments for subscription-based business, application form (CMS) for collection of fees/bills/invoicing amount, and smart payment link solution. They also offers payment API’s for all major web-based and mobile-based platforms.

Setup Fee: Rs. 0
Annual Maintainence Charge: Rs. 0
TDR (%): 1.5% to 2% per transaction
Our Overall Rating: 5/10 Visit Website

10. CCAvenue

ccavenue
CCAvenue is another payment gateway that provides a broad range of payment alternatives. CCAvenue is worst in terms of support and payment settlement reason why its name on quite a lower position on this list of top 10 payment gateways.

It is one of the oldest but least favourite payment gateways in India. The payment options include Credit Cards, debit card etc. Also supports international payments in 27 major currencies.

Setup Fee: Rs. 0
Annual Maintainence Charge: Rs. 1,200
TDR (%): 2% to 4.99% per transaction
Our Overall Rating: 1/10 Visit Website

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