A payment gateway is a merchant service that connects the users' bank account with the platform where the users need to transfer their money. A bank may provide payment gateway to its customers, there is also a specialized financial service provider such as payment service provider which provides payment gateway as a separate service. A payment gateway is a platform that gives them authority to the users to conduct an online transaction through various payment modes such as net banking, credit card, debit card, UPI, and other online payment apps.
Payment gateways are third-party platforms that provide the ability to the user to securely transfer their money to the merchant's payment portal. In this era of the digital world, eCommerce is leading the market. As time is changing fast the online businesses are also moving. So, it is important to know about the best payment gateways in India.
Whether you are a small business or you have an established eCommerce business a good payment gateway service is an essential part of your business. Few payment gateway companies charge no setup fee and are free in India. So, to make your life easier below we've listed the best Indian payment gateways companies and their charges.
|Payment Gateway||Setup Fees||Commision||Sign Up|
|Instamojo||₹0||2% + ₹3/Transaction||Sign Up|
|Razorpay||₹0||2% to 3%/Transaction||Sign Up|
|PayTm||₹0||0.3% to 1.99% + GST||-|
|PayUbiz||₹4900||2.95% to 3.70% + Annual Charges of ₹2400||Sign Up|
|CCAvenue||₹0||2% to 4.99%/Transaction||-|
|Payflow (By Paypal)||$0 to $99||$0.10/Transaction||Sign Up|
|EBS||₹0||2% to 3%/Transaction||-|
|Atom Payment Gateway||₹0||1.99% to 3.95/Transaction + ₹2955||-|
|HDFC Payment Gateway||₹20000||3.5% to 6%/Transaction + ₹10000 Annual Maintainance Charge||-|
|PayKun||₹0||1.75% to 3%/Transaction + Taxes||-|
|PayUMoney||₹0||2%/Transaction + GST||Sign Up|
Read about all the above payment gateway to know them better.
Best Payment Gateways in India
- Instamojo Payment Gateway
- Razorpay Payment Gateway
- Paytm Payment Gateway
- PayUbiz Payment Gateway
- CCAvenue Payment Gateway
- Payflow Payment Gateway
- Cashfree Payment Gateway
- EBS Payment Gateway
- BillDesk Payment Gateway
- Atom Payment Gateway
- HDFC Payment Gateway
- Paykun Payment Gateway
- PayU Payment Gateway
Best Payment Gateway Providers in India
Instamojo is one of the top-rated payment gateways of India. It allows businesses to create a business account instantly and the account can also be activated within a few minutes to collect online payments. This is a Bangalore based company and the target of Instamojo is selling digital goods and collecting payment online. You can enroll yourself at Instamojo with a bank account and start your online selling business. You can also collect payments for physical goods and workshops or events.
There is no setup fee but Instamojo Payment Gateway charges 1.9% on every transaction. You can also use the paid or free app of Instamojo which has some more features such as SMS alerts, and more. You can also create a discount code for your products. Instamojo does not support multi-currency payments. Even though an international card is being used, your customers will be charged in INR.
Razorpay is another reliable payment gateway in India for your business. It was started in 2014. Many entrepreneurs who use Razorpay for their business, have seen some increase in their conversion rate. It is due to their smooth user experience. Also, the refund process is easy and automated. If your customer applies for a refund, Razorpay will automatically get the refund, if you set it to, without any extra widget or code.
As it is free payment gateway and easy to setup a payment gateway through Razorpay, a lot of businesses rely on it. Razorpay payment gateway charges 2% per transaction for Indian debit or credit cards and 3% per transaction international cards, EMI. You can use Razorpay Subscriptions to execute the automated recurring transactions on various payment modes, through a platform that's built for automation.
Paytm Payment Gateway
Paytm's Payment Gateway has emerged as a leading payment gateway in India due to its online customer base with the very popular Paytm wallet. It supports domestic credit cards like Visa, MasterCard, Maestro, Amex, Discover and Diners. With Paytm's payment gateway online transaction can be made anytime and from anywhere. It is a payment gateway solution provider which has served some biggest ecommerce companies.
Some of the companies which use Paytm's payment gateway are Jabong, OLA, Cleartrips, Redbus, GoIbibo, Zomato etc. Paytm's payment gateway has three different plans for businesses which are Starter, Standard and Enterprise. Paytm's payment gateway is not only available as a desktop application but it also supports smartphones and tablets. Paytm Payment Gateway charges 0.3% to 1.99% + GST.
PayUbiz is India's payment gateway which serves business from all over the globe to accept online payments with credit cards, debit cards and net banking. PayUBIZ and PayUMoney are two different products from the same company i.e PayU Payments. PayUbiz is used by many eCommerce businesses and freelancers as it ensures a safe and secure online transaction. PayUbiz payment gateway software also offers multi-currency support.
Some of the biggest eCommerce brands and online service providers for transport and food delivery etc. such as Myntra, Grofers, Urban Ladder, Alt Balaji, BookMyShow, Ola, Jabong, etc. are using PayUbiz payment gateway to accept online payments. PayUbiz offers excellent user experience, multiple payment options and many more features. The payment gateway is used by many online merchants to expand their business.
|Start-Up Plan||₹ 4,900|
|Silver Plan||₹ 9,900|
|Gold Plan||₹ 14,900|
|Platinum Plan||₹ 19,900|
There is an Annual Maintainence Charge of ₹2,400 on all plans. PayUbiz payment gateway charges 2.95% to 3.70% per transaction.
CCAvenue Payment Gateway
CCAvenue Payment Gateway is an authorized payment gateway provider by Indian Financial Institutions and is known as the most secure payment gateway to transact money for online shopping. This also makes it one of the most popular payment gateway software. Customers can make online transactions via Credit Card, Debit Card, Net Banking, Digital and Mobile Wallets, Mobile Payment and Cash Card modes.
Currently, CCAvenue powers more than 85% of the eCommerce businesses in India. CCAvenue has some great features such as "Smart Analytics" by which you can see a real-time comprehensive statistical online report and a transparent history of all your transactions.
There are some additional features that CCAvenue provides such as CCAvenue Invoice Payments, 'Mobile Checkout Page' which supports all mobile operating systems, 'CCAvenue In-built Advanced Shopping Cart', CCAvenue S.N.I.P. ( Social Network In-stream Payments), it is one of India's first genuine Social Commerce facilities.
For transaction enhancing CCAvenue features 'CCAvenue PhonePay' (a Fully hosted, customized and ready-to-use IVRS). It also has iFrame Integration and Smart Dynamic Routing.
On Startup Pro, Annual Software Upgradation Charges of ₹1,200 is applicable which is waived for 1st Financial Year from the date of Activation. CCAvenue Payment Gateway charges 2% to 4.99% per transaction. Use CCAvenue subscription plan that best suits your business and collect recurring payments through multiple payment modes.
Payflow Payment Gateway is offered by PayPal. Payflow payment gateway accepts all major credit and debit cards. It adds over 173 million customers regularly and supports more than 100 currencies. In India, it is used by Merchants for receiving international payments.
|Plan||Setup Fee||Monthly Fee|
PayPal Payment Gateway charges 2.5%* + Fixed fee (INR 3) per transaction for local payments and 4.4 % + fixed fee based on the currency for International Payments upto $3,000.
Cashfree Payment Gateway
Cashfree is low cost payment gateway and one of the most popular payment gateways in India. Cashfree helps businesses in India to accept payments online from various payment channels. The best thing about Cashfree is that it has direct integration with multiple banks which makes Cashfree a fast and reliable payment gateway.
It is the only payment gateway in India which provides a wide range of payment options such as Visa, MasterCard, Maestro, Rupay, Amex, including 70+ more net banking options. Cashfree also supports UPI, NEFT, IMPS, and PayPal. TDR is transaction discount rate which every payment gateway charges from the merchants for processing the transactions to their bank account.
Cashfree is also the Payment Gateway with fastest settlement cycle of 24 hours to 48 hours and also offers popup, iframe and has seamless checkout modes. Cashfree also supports online wallets like Paytm, PhonePe, GooglePay. Cashfree has also released Payouts DIRECT that helps businesses to connect their all current bank accounts and make bulk payments 24×7 instantly even on a bank holiday.
|Paylater & Cardless EMI||2.5% per transaction|
|International Cards||3.5% + ₹7 per transaction|
|Diners Club, American Express||2.95% per transaction|
There is no setup fee and no maintenance fee, the only Cashfree Payment Gateway charges for all accounts including new accounts are just 1.75% per transaction (Offer Valid Till 30th September) which is the lowest Transaction Discount Rate (TDR) in India.
EBS Payment Gateway
EBS payment gateway is offered by Ingenico ePayments India Private Limited which is also known as E-Billing Solutions, it is the first Indian merchant that has certified by security and process adherence followed and audited by ISO 27001-2013 standard, which makes it the most secure platform for gateway payment.
EBS Payment Charges
EBS payment gateway has zero setup fees, and there is no annual maintenance (AMC) charge for the first year from the second year it will be Rs. 1200. It has two pricing plans, Starter and Premium. EBS payment gateway supports 11 major currencies including INR, USD, EURO, CAD. EBS payment gateway also allows you to customize the payment page. EBS Payment Gateway charges 2% to 3% per transaction.
BillDesk is an Indian online payment gateway company based in Mumbai, India. BillDesk provides bill payment and settlement services to large billers like electricity, water, insurance and other service providers. BillDesk also provides the ability to customers to decide how and when to make payments. Customers can also receive payments reminders or alerts. BillDesk is an one-stop solution for customers through which customers can make all their payments at anytime and from anywhere. BillDesk Payment Gateway charges 3.8 % per transaction.
Atom Payment Gateway
Atom's payment gateway is integrated with 50+ banks and it also has 256+ payment options which accept payment through all major Debit Cards, Credit Cards and IMPS etc. Atom's payment gateway has 15 million+ transactions and it is used by 4500+ merchants across the country. Atom's payment gateway is completely secured as it is backed with PCI DSS version 3.2 and 256-bit encryption which ensures a safe and secure transaction.
Atom Payment Charges
|Debit Card Payments below 2000||NIL (0 MDR charges)|
|Debit Card Payments above 2000||1% per transaction|
|Credit Card Payments (Domestic)||1.99% + ₹3 per transaction|
|Credit Cards (International)||3.95% per transaction|
|Net Banking Charges||1.99% + ₹3 per transaction|
|Wallets||2.2% per transaction|
The integration charges are ₹10,000 (one-time) and Annual Software Upgradation Charges are ₹5,000.
HDFC Payment Gateway
HDFC is one of the largest banks in India. Many organizations like VSNL, Sify, IRCTC uses HDFC payment gateway. If you want to use HDFC payment gateway on your website or mobile app, you will be using their EPI payment gateway services. Advantages of HDFC payment gateway are instant settlement, 100% chargeback facility, facility to accept payment in 15 international currencies, easy integration with existing applications and support for various shopping cart applications.
HDFC Payment Charges
HDFC Payment Gateway set up fees is Rs 20,000 (one-time fees). HDFC Payment Gateway charges 3.5% to 6% per transaction.
PayKun Payment Gateway is an easy solution for online payments for all types of businesses from small, medium to large. Any kind of merchant including a freelancer, a YouTuber, a blogger, from an eCommerce website or mobile app, an offline seller at the shop or showroom, or an individual, every type needs to have an easy hand on the modern technology for the collection of digital payments. It provides free plugins and SDKs readily available on the internet to integrate with all the major platforms of website and mobile application.
PayKun Payment Charges
|Payment Option||Transaction fee|
|Indian Debit Cards, Net Bankings, UPIs, Wallets including Freecharge, Mobikwik etc.||1.75% per transaction|
|Indian Credit Cards & PayTM Wallet||2% per transaction|
|International Credit Cards, Diners, Amex Cards and JCB||3% per transaction|
Paykun has zero setup fee and zero maintenance fee.
PayU (formerly known as PayU Money) is one of the best multi currency payment gateways to accept online payments. PayUMoney requires minimal development effort, easy sign-up, and quick onboarding process. You can start accepting payments securely and seamlessly within your iOS, Android or Windows app, within minutes, with its 100% online hassle-free onboarding process.
PayU serves more than 4,50,000+ merchants with over 100+ payment methods and is the preferred payments partner for nearly 60% of the e-commerce merchants, including all leading e-commerce companies and a majority of airline businesses. PayUMoney supports multi currency transactions, and international credit card.
PayU Money Charges
There is no setup fee in PayUmoney. Also, you won’t have to pay any AMC with PayUmoney. You will be charged for only the transactions processed. PayU only charges service fee which is 2% + GST on every transaction for various modes of payments such as debit cards, credit cards, netbanking, wallets, etc.
For American Express & Diners Cards, the service fee is 3% + GST for international transactions & EMI payment options, there is a set-up fee that needs to be paid along with Annual Maintenance Charges (AMC). Also, the service fee is 3% + ₹6 for every transaction.
The payment gateway has become the most important part of the world of increasing eCommerce businesses. This is our list of best payment gateways in India. We will try to keep this list updated. Comment below the best payment gateway you use or will recommend being used.