Payment gateways have become an integral part of the e-commerce business. Several brands have taken their business online to expand. This has made them rely on the online payment gateways for accepting payment from the customers.
For a long time, setting up of a payment gateway was a herculean task. But with the technological advancement, payment gateways are now easily accessible.
If you have been looking for a convenient payment gateway, this is the one stop solution to your search. We have listed some of the best payment gateways in India.
CCAvenue is not only the oldest payment gateway but also a reliable and competent source of money transaction. Its services cover almost every bank and payment modes. Large-scale online businesses like Snapdeal relies on CCAvenue as a payment gateway.
Further adding to the advantages, CCAvenue also accepts payment in multiple currencies including INR, USD, and EURO.
CCAvenue seems to have a high outreach of the banks and payment options. It accepts payment on EMI from over 7 banks, 53+ net banking, 100+ debit cards, 2 mobile wallets, 4 cash cards, and over 40 bank’s IMPS.
The versatile interface of CashFree payment gateways supports small-scale and large-scale business by transacting money via diverse payment modes. The payment options include MasterCard, Visa, UPI, NEFT, Rupay, PayTM and other mobile wallets, Pay Later and several EMI options.
Due to their low-cost services and decent technical support, more than 3000 businesses have relied on CashFree for collecting and dispersion of money.
- PayUMoney and PayUbiz
PayUMoney and PayUbiz are the products of a common service provider- PayU. PayUbiz emphasizes on enterprises and is generally used by large businesses including Snapdeal. Whereas PayUMoney is a wallet solution for customers and payment acceptance solution for SMB businesses.
The interface is made highly user-friendly which makes it more likely to be used as a payment gateway. Wallet services are also incorporated in the services which add to an additional unique feature.
Owned by France based Ingenio group, EBS has been at the top when it comes to choosing payment gateways for transactions. It has been a part of the e-commerce business market for a long time and served as a reliable source. Since EBS has lowered its service charges, it can now be used by small and medium-sized businesses as well.
EBS services also include multi-currency acceptance along with a reasonable amount of payment processing options. It offers a good UI and the onboarding time is reduced for the new users.
Instamojo is the most convenient and easy to set up a payment gateway. Initially, it offered payment for digital good only. With the increased customer response, it now accepts payment for tickets, ebooks, invoices, services, merchandise, etc. The newly added features offer instant onboarding. Creating an account asks just for a bank statement and PAN card details.
With a fast-technical response and lowered transaction fee, Instamojo has made its name as one of the best payment gateways.
The presence of payment gateways has transformed the e-commerce business. Apart from the mobile payment wallets for payment, the government has also taken initiatives to promote digital payment by introducing UPI and Bharat QR. As per choosing the best payment gateway, you should look for a user-friendly interface and number of payment options provided by the gateway.
Which one is the best payment gateway according to you? Please let us know in the comment section below.