The Top 6 Payment Gateways in India: Which One is Right for You?
Are you looking for a payment gateway for your online business in India? If yes, then you must be aware that there are a lot of options to choose from.
If you are not aware, then you are in the right place. In this blog post, we will be discussing the top 5 payment gateways in India.
Why Choose the Best Payment Gateway?
Choosing the right payment gateway is one of the most important aspects of setting up an e-commerce store. However, picking the right one is tricky with hundreds of apps.
There are many factors that you need to consider before implementing a payment gateway because custom payment gateway integration costs are hefty:
- The cost of using the app (creating an account, annual charges, etc.)
- The graphical user interface of the app- how easy it is to navigate
- Which payment options are available, which include e-wallets like Paytm and Google Pay, net banking and credit/debit cards
- Processing time
Using the right payment gateway, you can make it simple for clients to buy your items. It takes time to find the ideal match, but we’ve discovered a few tricks to speed up the selection process.
This article reviews the 6 best payment gateways available in India that you can choose for your online business.
Stripe
Accepting payments online has never been easier than it is with Stripe. If you use Stripe, you may accept all the major credit cards and even Bitcoin straight on your website.

Stripe charges you only when you make money. There are no setup fees, monthly fees, or other hidden expenses. Every seven days, the money you earn is deposited into your bank account.
Stripe is compatible with Apple Pay, allowing consumers to pay with payment information from their Apple ID. On mobile and desktop, checkout is now only a Touch ID or Face ID permission away. For the time being, it only works with basic, variable, and subscription-based items. There will be more help on the way.
Features and Charges
- With Stripe, there are no monthly or hidden fees
- Pay only for what you use
- Real-time fees reporting
- Merchan fees is only 2% for cards issued within India
- 3% fees is applicable for cards issued outside India
CCAvenue Payment Gateway
CCAvenue Payment Gateway (CCAvenue) is an eCommerce payment gateway that connects banks, eCommerce stores and retailers. It provides a wide range of payment products and services for online transactions to be processed and completed. Its core product is a secure eCommerce payment gateway that allows online purchases for goods and services to be carried out securely on your website.
In addition, it provides an API to allow developers to connect their online business to the payment gateway and enable their customers to pay online
This is the oldest payment gateway available in India and is also the best one for several reasons. Over the past 19 years of operation, it has built up its reputation as a versatile and trustworthy platform. It’s even used by popular companies such as AirAsia, Snapdeal and Myntra.
Features
- Cost:
- No cost for setting up an account for the Startup Pro Plan. It is Rs. 30,000 for the Privilege Plan.
- The Annual Software Upgradation Charges (ASUC) are Rs.1200.
- The transaction fee ranges from 2% to 4.99%.
- GUI: Easy to use and customizable
- Payment options available: It has the highest number of payment options available out of all payment gateways in India:
- 6 Credit Cards
- 58+ Net Banking
- 97+ Debit Cards
- 13 ATM Cards
- 13 Prepaid Instruments
- 15 Bank EMI
- Processing time: You can complete activation in less than 24 hours.
Cashfree
This is another payment gateway that supports a wide variety of payment options. It is funded by Y Combinator, a startup from Silicon Valley. It offers various check-out modes, including seamless and popup modes.
Features
- Cost:
- No initial set up fees.
- No annual maintenance charges.
- The transaction fee ranges from 1.75% to 3.5%.
- GUI: Easy to use and customizable
- Payment options available:
- 5 Credit Cards
- 70+ Netbanking Options
- 6 Mobile Wallets
- UPI
- NEFT
- Processing time: Activation takes 24-48 hours.
Razorpay
Razorpay is a newer payment gateway that’s quickly gaining popularity in India. It offers all the features you’d expect from a payment gateway, such as support for multiple payment options, multiple language support, and a wide range of security features.
Razorpay offers the highest integration of the payment gateway with your e-commerce website. It is also highly versatile, supporting payment options such as Mobikwik and JioMoney. Over 800,000 businesses are using this platform.
Features
- Cost:
- No initial set up fees.
- No annual maintenance charges.
- The transaction fee ranges from 1% to 2%.
- GUI: Offers quick, easy and convenient integration
- Payment options available:
- 6 Debit/Credit Cards
- 50+ Netbanking
- UPI
- EMI
- Bank Transfer
- Emandate
- 10 Wallets
- Processing time: Around 48 hours.
PayU
PayU is one of the most popular payment gateways in India. It’s widely used by online businesses of all sizes, from small businesses to large enterprises.
PayU offers a wide range of features, such as support for multiple currencies, multiple payment options, and multiple language support. It also offers a wide range of security features, such as fraud detection and prevention.
The sign-up process is quick and easy with PayU and is supported on iOS and Android devices. It has been established for 18 years and has earned the title of one of the best payment gateways for Indian e-commerce businesses.
Features
- Cost:
- No initial set up fees.
- No annual maintenance charges.
- The transaction fee ranges from 2% to 3%.
- GUI: Visually appealing and easy-to-use
- Payment options available:
- 6 Debit/Credit Cards
- 50+ Netbanking
- UPI
- EMI
- Bank Transfer
- Tez
- 7 Wallets
- Processing time: Less than 24 hours.
Instamojo
Instamojo is another popular payment gateway in India. It offers all the features you’d expect from a payment gateway, such as support for multiple payment options, multiple language support, and a wide range of security features.
Instamojo also offers some unique features, such as the ability to send and receive payments using a mobile app, and the ability to create and manage multiple accounts from a single dashboard.
Conclusion
With every single business and organisation growing at a rapid rate, it is more important than ever to be able to offer your customers fast payment options. As with any business, customer service is crucial. This is where digital commerce is very different from other kinds of commerce.
Customers want to be able to pay for their order and to be informed at all times on how that payment went. The last thing customers want is to experience any kind of problems.
The main reason businesses choose payment gateways is to give their customers the ease of paying with an easy, user-friendly method. Customers will appreciate it, as they can use the payment method of their choice without any hassle. The payment gateways that are available today are very user-friendly. This is not just due to their design and easy-to-use interfaces, but also because they have streamlined the entire process. In addition, all of them have very well-informed customer service.
With that being said, it is important that when you choose a payment gateway, you do your homework and find out which one is best suited for your business.