Top 5 Payment Gateways for Small Businesses in India

In today’s digital era, the most important aspect of an online business is not the product – it’s the payment processing system. While an entrepreneur can build an online business out of a bad product, but it’s impossible to run any form of business without a reliable payment processing framework. Primarily, payment processing is the payment gateway provider which is like a middleman between a business and the customers’ card payments. Which means you need the capabilities of a payment gateway solution to conduct online transactions smoothly. To guide further, below are the top 5 payment gateway providers in India you can opt for your business.

Razorpay – manages the marketplace, automates bank transfers, collects recurring payments, shares invoices and avails working capital loans for its users.The company focuses on the Indian market and provides 24/7 customer support. Razorpay supports various payment methods including credit and debit cards, net banking, wallets, and UPI. Razorpay also has a business banking arm, RazorpayX to make end-to-end money movement easier.
Easebuzz is a full-stack payment solutions platform serving more than 85,000 businesses of all sizes in India. With a mission to become one-stop Financial Operating System for businesses, Easebuzz helps companies manage end-to-end financial operations around digital payment collections, payment disbursals, connected banking, split payments, automated reconciliation, vendor payments, sub-merchant management, refund management, etc. through plug-and-play API solutions. The payment gateway tool of Easebuzz comes with customised pricing suitable for every business need. Avail zero setup and maintenance fees with robust security. Merchants can install a plugin that integrates Easebuzz Payment Gateway with websites created using e-commerce websites such as Shopify, WHMCS, Magento, OpenCart or WooCommerce.

CC Avenue
CCAvenue started in 2001 and is one of the oldest in its domain. It is one of the biggest payment gateway providers and supports more than 200 payment options. CCAvenue allows customers to use major credit cards such as MasterCard, Visa, Diners Club, Amex, etc. It also includes other payment options including Retry Availability & Customization, Analytics, Audit, and Multiple Currency Processing. CCAvenue can be integrated with your website for free as soon as your website is live.

Instamojo is India’s largest on-demand payments and e-commerce platform that empowers over 15,00,000 micro-entrepreneurs, startups, MSMEs, to start, manage, and grow their business online across mobile and web, with just a bank account and phone number, in a few minutes. Instamojo is a free payment gateway in India with no setup and maintenance costs. It is 100% secure with integrated online payment gateway services and supports net banking, credit, and debit cards, UPI etc. You can download the Instamojo app via Playstore on your Android devices.

Cashfree Payments
Cashfree Payments is a reliable payment gateway that can manage online, mobile, and offline payments. Businesses with high transaction volumes can go for it, as it has a centralised control and an advanced dashboard. It offers 120+ payment methods to customers, including cards, 65+ net banking options, Paytm, UPI, other wallets, payment links and Pay later options like EMI or Buy Now Pay Later (BNPL). The integration kits are developer-friendly and offer a same-day onboarding facility. Cashfree offers multiple integration APIs for website integration, mobile SDK integration, and predefined plugins for some leading e-commerce platforms like Shopify, Magento, Woo-Commerce, OpenCart, WHMCS, and PrestaShop.

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