Top 10 Payment Gateways in India

Let’s discuss about Top 10 Payment Gateways in India. A payment gateway is a technology that provides protected transfer of payment information between a customer, a merchant, and monetary institutions during online transactions. It acts as a medium, encrypting insightful data like credit card details to certify safety and prevent fraud.

They sustain several payment methods, including credit/debit cards, digital wallets, and bank transfers. Some examples of payment gateways are Paytm, PayPal, Stripe, and Razorpay.

These gateways are broadly used in e-commerce, they make online payments simpler, ensuring handiness and safety for both merchants and customers. In this article, we have discussed the top 10 payment gateways of India.

Top 10 Payment Gateways in India

1. Paytm

One of India’s largest and mostly used payment gateways is Paytm. It offers a seamless payment experience across various platforms. It provides more than 100 payment facilities, including credit/debit cards, UPI, net banking, and Paytm Wallet.

Features:

• It has the flexibility of more than 30 eCommerce platforms, such as Shopify, WooCommerce, and Magento.

• Users can earn funds within minutes of successful transactions.
• Paytm provides persistent billing options for businesses with subscription options.

Benefits:

• It is an easy onboarding process.
• Paytm provides 24/7 customer support.
• It also has competitive transaction fees.

Use Case: Small and large businesses in retail, education, and healthcare gets benefit from Paytm’s dependability and ease of use. This is one of the top 10 Payment Gateways in India. 

2. Razorpay

Razorpay is a full-stack payment alternative that has earned huge popularity among startups and enterprises. It provides all major payment options, including cards, UPI, net banking, and wallets.

Features:

• It provides real-time analytics and handy information regarding business transactions.
• Merchants can create custom payment links for one-time use.
• Computerized subscription payments and helps in international transactions.

Benefits:

• It is a user-friendly API for flawless integration.
• It provides a quick setup and approval process.
• It has transparent pricing with no hidden costs.

Use Case: Perfect payment method for SaaS platforms, eCommerce stores, and freelancers.

3. PayU

PayU is a trustworthy payment gateway space in India, known for its strong security and ease of integration. It provides more than 150 payment facilities and is broadly used across industries.

Features:

• It has a one-click payment option that speeds up the payment process for regular customers.
• It has included advanced fraud detection mechanisms to guarantee transaction safety.
• It helps businesses to continue payments in multiple currencies.

Benefits:

• PayU has competitive pricing with flexible plans.
• It has a dedicated customer support team.
• They know extensive documentation for developers.

Use Case: Large-scale businesses that are looking for scalability and security must rely on this payment gateway.

4. CCAvenue

CCAvenue is one of the oldest and best payment gateways in India. It provides support to various industries, including hospitality, education, and retail.

Features:

• It can support 18+ languages for a localized payment experience.
• It has optimized transaction success rates by steering payments through the most competent bank.
• This payment gateway offers 200+ payment methods, including international cards and net banking.

Benefits:

• It is highly protected with PCI DSS compliance.
• It has the ability to support EMI and Buy Now, Pay Later (BNPL) options.
• It can support multi-currency and multi-location.

Use Case: Enterprises and businesses with diverse customer bases are suggested to choose this payment gateway.

5. Instamojo

Instamojo is a user-friendly other best payment gateways designed for small-scale businesses, freelancers, and entrepreneurs. It makes online payments easy with additional services like online stores and logistics.

Features:

• This gateway is shareable via email, WhatsApp, or SMS for quick transactions.
• This gateway does not need any setup fee, which makes it accessible to startups and new businesses.
• It allows merchants to sell and transport digital goods, such as eBooks and courses.

Benefits:

• It does not require any annual maintenance charges.
• It has easy integration with trendy website builders.
• It is a quick payout option for merchants.

Use Case: It is an ideal option for individuals and small businesses venturing into online sales.

6. Stripe

Stripe is an international payment gateway that has earned traction in India for its developer-friendly API and developed features.

Features:

• It allows businesses to construct exclusive payment experiences.
• It accepts payments from international customers.
• It can simplify recurring billing with tailored plans.

Benefits:

• It has excellent credentials and developer support.
• It has transparent pricing with reasonable rates.
• It is able to support various payment methods, including UPI and wallets.

Use Case: Perfect for technology-driven organizations and start-ups scaling globally.

7. Cashfree Payments

Cashfree Payments is recognized for its fast settlements and inventive payment solutions. It supports businesses of all sizes, from startups to large multinational corporations.

Features:

• It provides a stress-free refund process for customers.
• It can split payments among numerous stakeholders or vendors.
• It has the ability to assist bulk payouts to vendors, employees, or partners.

Benefits:

• It has a reasonable price and no setup fees.
• It is an easy-to-use API for developers.
• It has a team of excellent customer service and technical support.

Use Case: Perfect for businesses that manage numerous stakeholders or that require instant settlements.

8. HDFC SmartHub

HDFC SmartHub is another best payment gateways provided by one of India’s leading banks, HDFC. It provides customized solutions for businesses of all sizes.

Features:

• Through this gateway merchants can create their payment pages to connect with their brand.
• It facilitates payments through POS machines and QR codes.
• It is able to support subscription billing and EMI options.

Benefits:

• It is backed by HDFC Bank’s strong infrastructure.
• It can make quick settlements with real-time notifications.
• It is able to secure transactions with superior encryption.

Use Case: Businesses that are looking for a trusted banking partner for payment solutions can choose this gateway.

9. Zaakpay

Zaakpay is a budding payment gateway that provides an easy and protected payment process for businesses in India.

Features:

• It can provide plugins for popular CMS platforms like WordPress and Magento.
• It ensures the merchants receive payments punctually.
• It has a dedicated assistance to resolve technical issues.

Benefits:

• It does not require any hidden costs or setup fees.
• It has tough security measures to guard customer data.
• It has a user-friendly dashboard to track transactions.

Use Case: Small to medium-sized businesses that are exploring digital payments can use this payment gateway.

10. PayGlocal

PayGlocal concentrates in allowing businesses to recognize international payments flawlessly. It supports several currencies and ensures agreement with global standards.

Features:

• It supports international cards and foreign currencies.
• It uses AI-driven tools to reduce fraud risks.

Benefits:

• It is reliable and safe for international transactions.
• It’s pricing is transparent with no hidden charges.
• It has a strong customer support for international merchants.

Use Case: Perfect choice for export businesses and global eCommerce platforms.

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India’s digital economy is budding rapidly, and payment gateways play a vital function in facilitating online transactions. Each of the above mentioned payment gateways has exclusive features customized to precise business needs. Choosing the accurate payment gateway depends on various factors like transaction volume, business size, and target audience.

By considering these top payment gateways, businesses can improve customer contentment and make growth in India’s economic market.