Best Payment Gateway for eCommerce Businesses

Best Payment Gateway


Select the Best Payment Gateway

Are you researching launching an internet business? One of the most profitable business ventures today is opening an online store, as there are more than 550 million active internet users worldwide. Additionally, accepting digital payment methods or having a gateway to receive digital money into your bank account is the most important need for opening a new online store. The “Payment Gateway” is a “Gateway” that enables you to take electronic payments on your internet store.

After picking the best hosting providers, choosing the appropriate payment gateway is crucial for beginning an online business. A competent payment gateway provider can make your online business smoothen by increasing sales and increasing client happiness while a bad payment gateway provider can ruin your reputation and make it difficult to have a positive Impact on your Customers.

In India, there are various payment gateways providers. Few of them are International Credit or Debit cards, Some of the gateways companies are paid while there are also some free setup provider companies.

In this Blog post, I have included the best payment gateway in India mainly for the startups and Business Holders. So, keep reading till end to know about the Best payment gateways and apply in your online store.

What is Payment Gateway?

An application that makes the process of making an online payment quick and easy is known as a payment gateway. It acts as a bridge connecting the bank and the merchant’s website or mobile application. Your payment information (debit/credit card or net banking data) are sent to the payment gateway by the merchant’s website when you use a payment gateway to make a transaction.

The amount is released from your bank account for transfer into the merchant’s bank account after the payment gateway confirms the information with the bank and transaction takes place.

Top 10 Best Payment Gateway

What are the Benefits of Payment gateways?

Today, all the Ecommerce stores and Online Websites are completed by adding payment gateways to them. In the absence of payment gateways, merchants would have to contact each banking partner individually to enable payments. A payment gateway solves this hassle and makes the entire process more streamlined and secure.

Following are the benefits of having Payment gateways:-

  • It makes the transaction secured
  • It expands Customer base
  • It makes transactions fastly
  • It is always bundled with shopping cart
  • It Enhances convenience.

10 Top payment Gateways for startups and Business in india

1. Stripe

Stripe's software

Stripe is a thorough payment technology that successfully integrates with subscription businesses, physical storefronts, online stores, and even virtual markets. It is easier and more convenient to conduct transactions in regional currencies. Additionally, it has a separate infrastructure for decrypting, sending, and storing data. Customers do not need to worry about fraudulent transactions Because of Stripe’s strong security and compliance measures.[ With its AES encryption, this gateway enables it. Using Stripe carries no one-time, ongoing, or extra costs. SEPA Debit, SOFORT, iDEAL, and AliPay are all accepted. You may reach clients all around the world with the aid of Stripe.

2. Pay U

PayU Payment Gateway

PayU is simple to set up, enables you to upload your verification documents directly to their website, and allows you to become live very quickly. You can choose from a variety of pricing tiers while using PayU. Additionally, each package includes functionality for store cards, IVR payment, a multi-currency gateway, and payment analytics. PayU India relaunched both of its products—PayU money and PayU enterprise—to position them as open, independent companies. Nowadays, big businesses like Snapdeal use PayUbiz. PayUMoney has a wallet service, an email invoice function, a free website, and it doesn’t require any technical experience. It is made for small enterprises and entrepreneurs. The portal has connections to some of the leading online retailers in the nation, including Snapdeal and Jabong.

3. Razor Pay

Razorpay Payment

One of the best payment gateways for startups, RazorPay was established in 2013 and has its corporate headquarters in Bangalore. It has a simple UI and is incredibly simple to set up. It is simple to access all payment methods, including credit cards, debit cards, net banking, UPI, and wallets, as well as domestic and international payments. Additionally, it makes end-to-end money flow simpler. The ability of RazorPay to send customers personalised emails informing them of upcoming payments or unsuccessful transactions is another appealing feature. Additionally, it exchanges invoices with users, automates bank transactions, and offers working capital loans.

4. Pay Pal

paypal payment gateway

A trustworthy and widely used payment platform is Paypal. It can surely be a startup’s first option if they anticipate a lot of overseas payments. Customers can use PayPal to receive payments, get working capital loans, and move money to and from bank accounts. On the platform, it is simple to request and deliver payments, and consumers can create invoices and receipts. Additionally, it enables customers to pay however they like, whether with a debit card, credit card, PayPal, or PayPal Credit. Paypal simplifies phone transactions and aids with social media account integration.

5. Instamojo

instamojo payment gateway

Insta mojo is one of the prominent payment gateway which started in 2012, with user friendly dashboards and on demand payment gateways for businesses and Entrepreneurs. In India, there are no maintenance fees associated with this payment gateway. Without the need for a physical network, online sales and money collection for startups on mobile and the web are incredibly simple to set up. Any seller who has a bank account is eligible to sign up with Instamojo, start selling digital goods, and get payment.
There are still only three requirements: a bank account, a phone, and a PAN card. It narrows the gap between the buyer and seller, assisting startups in locating the ideal clients. On Android devices, you can access the play store and download the Instamojo app.

6. MobiKwik

MobiKwik Payment Gateway

MobiKwik setup and Integration process is Convenient and does not consume much time. It is considered as both payment gateway as well as digital wallet. It takes only a time period of 2-5 business day to set up an account by merchants or business owners.
The payment gateway, which is well-known in India, offers services for payments made using debit and credit cards as well as through other internet banking channels. You can use Android, iOS, and Windows devices to log into your MobiKwik account.

7. Braintree

Braintree Payment Solutions

Braintree offers all types of payment options at one convenient location. All credit and debit cards, PayPal, Venmo, Apple Pay, Google Pay, Visa Checkout, Masterpass, Amex Express Checkout, and ACH Direct Debit are all supported.

Even though Braintree had begun accepting bitcoins, it had to devalue them within a short period of time. It remains one of the biggest payment processors in the world, nonetheless.

Paypal owns Braintree, which levies comparable fees of 2.9% plus $0.30 USD (depending upon the country of operation). There are no added costs (for refunds, inactivity or failed transactions). Only the transactions you complete are charged to your account.

8. Cash free

Cashfree Payment Gateway

One of the Inexpensive payment gateways is Cashfree in India.

It helps businesses receive and distribute payments using a variety of payment methods, including NEFT, PayTM and other wallets, Visa, MasterCard, Rupay, UPI, IMPS, Pay Later, and numerous EMI alternatives. With a settlement cycle of 24 to 48 hours, it gives the lowest TDR in India. Since it offers pop-up, iframe, and perfect sign-out techniques and assists in analyzing your website’s classification, Cashfree is among the top free payment gateways for websites in India. In addition, It can also function as an international payment gateway.

9. Authorize.NET

Authorize Payment Gateway

Using the industry-leading payment gateway, which has the most straightforward payment process, you may accept credit card and electronic payments anywhere, anytime. It has no setup costs and inexpensive monthly gateway fees. It accepts numerous payment methods, including Visa, MasterCard, American Express, and JCB, as well as recurring billing and prompt client services. Simple checkout choices, account updater, sophisticated fraud detection, client information manager, and online invoicing are some of the additional services provided by

In India, where e-commerce is expanding quickly, choosing a reliable payment gateway is essential. In order to tap into the worldwide market and give their clients quick and simple access to online transactions, almost all startups have switched to online payment methods.

10. CC Avenue

CCAvenue TapPay

Because it accepts practically all banks and payment methods, CC Avenue is one of the top preferred payment gateways for startups. The business began in 2001 and accepts major credit cards like Visa, MasterCard, Diners Club, and Amex. It includes over 200 payment alternatives, including analytics, auditing, and processing in multiple currencies. It has real-time analytics built in and is quite reliable. Due to CC Avenue’s support for 27 major currencies, you can access services in the largest global marketplace. It is used by popular e-commerce companies including Snapdeal, Myntra and Naukri.

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