Planning to start a new online business or a new online store? If yes, then primarily you would need the digital payment methods or a gateway to accept digital cash directly to your bank account. This Gateway is called the “Payment Gateway” which enables you to accept digital payments on your online store. Choosing the right payment gateway is the second most important task for setting up an online business after selecting the right hosting providers. To assist you, here are the top 5 payment gateways in India which are providing digital payment solutions to the startups.
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.
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 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.