What is a Payment Gateway?

A payment gateway is an online service or channel dedicated to making and receiving payments. They are usually tied up with e-commerce stores that help with money transactions. The main goal of a payment gateway is to approve transactions between the customer and the merchant. This system plays an important role in online transactions

Top Payment Gateway in India @ Affordable Price

1. Razorpay

Razorpay is one of the leading payment gateway providers in India. Today, the company has over 800k customers who are pleased with the services. A striking feature of Razorpay is that they offer easy integration and instant activation. After activation, you get to view a dashboard with all the necessary information.

Besides, this payment gateway is a secure solution to your transaction needs. In addition, it allows you to accept payment from credit/debit cards, UPI, net banking, and wallets. If you are a business owner, then it is best to consider using Razorpay as your payment gateway.

Attractive Features:

• 24/7 support
• Easy integration
• 100+ payment modes
• Invoice payments

Pricing:

• Free trial available
• Free version available
• 1.8% per transaction

2.Cashfree

If you are looking for an affordable, cheap yet reliable payment gateway, then Cashfree is the most recommended option you should choose. This payment gateway is slowly gaining momentum due to its cheap facilities. You can avail fast payment service. At the same time, there is also an instant refund facility as well.

To date, it has 15,000 businesses using this payment system. There are a variety of supported currencies in Cashfree. Besides, it also supports net banking, debit cards, credit cards, and UPI. What's more? This payment system also accepts international payments as well.

Attractive Features:

• Easy to configure
• No setup cost
• Low transaction fee
• Instant refunds

Pricing:

• Free trial available
• Starts at 1.75% per transaction

3.PayU

PayU is another leading payment gateway in India that is known for its remarkable features. It is a Netherlands based company that offers payment gateway solutions to merchants. Currently, the company is active across 17 countries. An outstanding feature of the PayU payment gateway is that it offers over 100 payment methods that include cards, net banking, UPI, EMI and others as well. At the same time, it accepts payment from over 100 different currencies too. It is an easy to use platform with reliable features and high security.

Attractive Features:

• Financial transaction reports
• Dedicated account manager
• Mobile and website integration
• Multiple currency processing

Pricing:

• 2% + GST per transaction

4.CCAvenue

CCAvenue is a payment gateway platform that offers over 200 payment options. It is again a very popular payment gateway in India which is known for its ease of use and flexibility. It offers a wide range of features like email transactions, a responsive dashboard along with a quick checkout experience. Moreover, it has also built FRISK which is designed for a safe and secure payment environment. You can also integrate the website and application as well. One of the most impressive features of CCAvenue is that there are no withdrawal fees at all.

Attractive Features:

• Many supported languages
• Fraud detection system
• Invoice generation
• Website integration
• 24/7 customer support

Pricing:

• Domestic transactions: 2%
• International transactions: 3%

5. PayTM

The PayTM payment gateway offers an enormous amount of features to its users. The reason why PayTM today is so popular among the masses is due to its user-friendly interface along with being simple to use. It is a convenient payment gateway solution that can be used without any hassles.

The best part about this payment gateway is that there is no sort of withdrawal fee, setup fee or any maintenance required while using Paytm. It supports domestic credit/debit cards with net banking of 50 banks. Currently, the payment gateway is restricted to only Indian currency. Thus, this application is your all-in-one software that helps make your life easier than ever.

Attractive Features:

• Website payments
• Recurring billing
• Invoice payment
• Saved cards
• Multiple currency processing

Pricing:

• Netbanking: 1.99% + GST

6. InstaMOJOo

InstaMOJO is a payment gateway application that collects payment through various channels like email, Whatsapp, SMS, Facebook, websites and more. It accepts credit/debit cards, net banking, EMI, UPI, NEFT among other options. This payment gateway organization was founded in 2013 and today it has reached up a reliable level wherein many customers have praised the functions and features of this application.

It does not comprise any setup fee or other maintenance charges of any sort. Besides, it has an extremely simple activation process as well.

Attractive Features:

• Simple onboarding
• No maintenance charges
• Simple to use
• Free tools

Pricing:

• Starts at 2% + GST

Conclusion

Here we come to the end of this informative article on the best payment gateways in India. The above-listed applications are reliable, convenient and will help your business grow in no time. So, what are you waiting for? Choose a suitable payment gateway and experience the pleasure of sending and receiving money with ease.