6 Best Payment Gateway in India for Online Transactions.

If you are looking for Indian payment gateway options, then it is quite possible that you wish to add a secure payment gateway option with your Magento, WooCommerce, Shopify, or Prestashop stores for a better shopping experience for your clients. When there are so many options available, finding the best Indian payment gateway can be challenging. But you don’t need to stress as we have got your back by covering the best payment gateway in India. As per a recent survey, online payments in India are expected to grow by more than 20%. By the year 2023, it is estimated to reach 660 million Indians using online payment.

Some of the Best Payment Gateway in India you Must Know About:

1. Razorpay

It is one of the most potent payment options. In 2014 the company was found, and as of now, it has at least 800K customers who use Razorpay payment gateway.

In October 2020, with at least $1 billion valuations, the company became a unicorn startup in India. To date, the Bangalore-based emerging fintech company has got at least $200 million in funding. Instant activation and easy integration is the specialty of the platform. You also get a Dashboard if you leverage this payment gateway, and you can also see real-time data of purchasing. Small, significant, and large companies, as one can easily use it.

Features:

Integration with the website for payment
24/7 support
Save saving facility
API driven automation that needs zero manual intervention
100+ payment modes

Pros:

Real-time currency conversion is possible
Zero setup cost
Easy integration with less code.
Fast and secure payments.
Credit/debit card, UPI, net-banking, and more than 100 payment methods.

Cons:

in international transactions, the failure rate is high.

2. Cashfree

It is one of the best payment gateways in India because it is the cheapest payment gateway in India, and it provides a fast payment service and instant refund facility. Back in 2015, the company was started, and as of now, it has more than 15000 customers as it supports credit/debit cards, net banking, and UPI. Also, international payment is available.

Features:

High security
Recurring billing facility
Website integration
Auto collection of payment
Instant refund
No setup cost
Invoice generation
Fraud checking
Easy to configure

Pros:

Allows multicurrency processing
Invoice generation
Website and application integration
Low transaction fee
Auto collection of payment
Instant refund facility

Cons:

It mainly prefers to work with government-registered businesses.

3. Paytm

The first name that comes to our mind is Paytm when we hear about making an online payment. It is both excellent and effortless to use. All the domestic credit and debit cards supported by the company are linked with more than 50 banks. The user-friendliness is the best part about Paytm. Additionally, it is designed in such a way that everyone quickly understands how to make the payments easy. Zomato, Uber, Adani, Jio, Swiggy are the popular companies that use the platform.

Features:

Recurring billing facility
Website payment
Allows multiple currency processing
Easy mobile payments
Point of Sale transaction
Invoice of payment

Pros:

Faster transaction
Invoice generation
Allows website payment
Easy to use
Good user-interface

Cons:

An international transaction is not supported.

4. PayPal:

Having a global reputation PayPal is one of the best payment gateways in India, and it can be an excellent choice for your business. in more than 200 countries, the payment software giant has a presence. For making an online transaction the PayPal has world-class security as it allows almost every international credit and debit card, and it also supports global currency settlement. The company monitors transactions 24/7 that protects customers from fraud and even a facility for recurring payment. Udemy, MakeMyTrip, ALT Balaji, Gaana are the popular companies that use the platform.

Features:

24/7 customer support
Recurring payment
Card details can be saved
Mobile payments can be made
Electronic invoice
Website integration
International transaction
Fraud protection service

Pros:

Multiple payment methods
Easy recurring payments
Secure and fast
Payment using QR code
Invoice for payments
24/7 customer support
International payment can be made

Cons:

As charges are high so not advisable for smaller transactions.

5. CCavenue

One of the most popular payment gateways in South Asia, and India, is CCAvenue. The platform is easy to use, fast, and secure, offering at least 200 payment options, including six credit cards, 58 + net banking, 97+ debit cards, 14 Bank EMI, etc. Air Asia, Lakme India, Myntra, etc. are famous companies which use the platform.

Features:

Fraud detection system
200+ payment methods
24/7 support
Recurring payments
Mobile payments
Website integration
International transaction
Allows multiple currency processing
Invoice generation

Pros:

24/7 support
High security for fraud detection
Zero setup fee
Allows recurring payments
Fast account activation within one hour
Easy integration
Allows international transaction
Supports at least 200 payment methods

Cons:

The security is not perfect.

6. MobiKwik

One of the fastest-growing payment gateways in India is MobiKwik having at least 1.5 million businesses leverage this payment gateway. It aims to provide a smooth mobile-friendly experience. The platform supports credit and debit cards, wallets, international cards, UPI, and EMIs.

Features:

Saves card
Auto read OTP
Website analytics
Advanced security

Pros:

Good conversion rate
Supports international transaction
Website analytics to check data

Conclusion

You can choose the best payment gateway in India based on its Safety and Security as the platform must have a safe environment when it comes to making payment and selects the one which takes less time for integration.

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