10 best payment gateway in India for small business and website

Best payment gateway in india for Small Business

Companies endeavor to offer a seamless and convenient experience to the users visiting their site whenever the payment option is involved. It strengthens consumers’ relationship with the site and improves the first impression that is essential for every startup. Here we are going to enlist the top & best payment gateway in India for small businesses & startups, websites, or any kind of business.

Starting a business or startup in India and receiving the funds was never so easy. One can easily integrate the bank account with his/her website or business through a payment gateway. It always works behind the scene and customers need not bother about it. The customer just needs to either swipe the card or provide the card or account details for the online transactions.

While payment gateway works in the background, it ensures hassle-free transactions through credit card, debit card, net-banking, or through wallets. Moreover, the payment gateway ensures the sending of the transaction details to the website owner and bank. Also, it makes the entire process smooth and works as a bridge between your business and customer.

It’s no surprise that before choosing a catchy theme and engaging features for your online platform, you probably have reviewed your competitors’ websites. You explored every option on their website that you can implement on your small business site to raise productivity online.

Though, you were all-set with your selections. But meanwhile, which payment gateway to choose from has probably raised concerns for you. It is a vital feature, no wonder.

Hence, if you are also searching for the best payment gateway for your small business or startups, come along. In this article, we’ve compiled a list of the ten best payment gateways that are 100% secure and reliable.

So let’s find the best Payment Gateway options for your small or medium size business or startup:

Provider Payment Methods Features Fees E-Commerce Integration
Razorpay Credit Cards Debit Cards UPI Wallets Bank Transfers API Driven Easy Integration Invoice Payment No set-up cost Available
CCAvenue Credit Cards Debit Cards Wallets Bank Transfers EMI Invoice Generation Low Transaction fee High Security No set-up cost Available
Paytm Credit Cards Debit Cards UPI Wallets Bank Transfers EasyMobile Payments Website Payment Invoice Payment No set-up cost Available
PayPal Credit Cards Debit Cards Electronic Invoice Multiple Currency Processing 24/7 customer support No set-up cost Available
Cashfree Credit Cards Debit Cards Wallets Bank Transfers EMI Low transaction fees High Security Fraud Checking No set-up cost Available
PayU Credit Cards Debit Cards Wallets Net-Banking EMI Invoice Generation Multiple Currency Processing Dedicated Account Manager No set-up cost Available
Instamojo Credit Cards Debit Cards Wallets Bank Transfers Payment Analytics Online Store Live Chat Facility No set-up cost Available
Mobikwik Credit Cards Debit Cards Wallets Bank Transfers UPI EMI Website Payment Mobile Payment Analytic Report No set-up cost Available
Stripe Credit Cards Debit Cards Wallets Bank Transfers UPI EMI Easy Mobile Integration Website Integration Invoice Generation No set-up cost Available
PayKun Credit Cards Debit Cards Wallets Bank Transfers UPI EMI Easy Mobile Integration Website Integration Invoice Generation No set-up cost Available

Top 10 & Best Payment Gateway in India for Small business, Startups & Webpreneurs

Find below the list of leading & 10 best payments gateways in India for doing business and receiving the payment for online business or through website.

1 . Instamojo

Instamozo - best payment gateway in india for small business

Instamojo is one of the most used payment gateways by small & medium businesses in India. It has more than 1 million business users. Its AMC is zero & transaction fee is 2% of the transaction + Rs. 3 per transaction.

Features & Advantages:

  • The payment button can easily be embedded on your pages.
  • Charges applicable only on successful transactions.
  • Easy API integration.
  • The option of payments via payment links.

Charges:

  • Per transaction fee is 2% of the transaction + Rs. 3 per transaction.
  • AMC is zero.

Other related Offerings:

  • Faster payout options, based on cash flow urgency. It includes instant, same day & next day payouts
  • Instant access to capital when needed, based on eligibility.

Drawback/Cons:

  • These services are not supported by Instamojo – International payment, credit card & multi-currency.
  • The mobile app is not available.

Why to consider Instamojo as the best payment gateway for small business & startups in India:

  • Instamojo is reliable payment partner of over a million businesses in India.
  • Create a merchant account instantly to receive payments.
  • Supported by all well-known CSM.
  • Zero withdrawal fee.
  • However, it supports only INR transactions, still, this is the most popular among Indian businesses.
  • Easy to set-up & further use.

2. CC Avenue

ccavenue best payment gateway in india for small business

None other than CC Avenue can understand the Indian business well. It is one of the oldest payment gateways in India. CC Avenue claims that they can activate the gateways within 24 hours, which is really a transformation withing CC Avenue, as earlier it was not considered as a fast platform. But now its an entirely different story. CCAvenue is the part of Infibeam Avenues.

Transaction fee varies between ( 1.99% to 2.99% )+ Rs. 3.

Features & Advantages:

  • CCAvenue is one of the largest payment gateways in India.
  • 200+ payment options to choose from
  • Easy integration & customization.
  • 24×7 customer support.
  • Mobile app is available.

Charges:

  • Zero setup fee.
  • AMC charges are Rs 1200/- for startup account.
  • Per transaction charges vary between (1.99-2.99)% + Rs 3/-.

Other related Offerings:

  • Invoice payments.
  • Subscription payments.
  • B2BBiz Payments.
  • Storefront.
  • CCAvenue Phonepay.

Drawback/Cons:

  • Though CCAvenue claims 1hour time for new merchant account activation, however in reality it may take a bit longer, normally anywhere between 3-6 days.
  • Settlements of all amounts take a week of time.

Why to consider CC Avenue for small business & startups in India:

  • CCAvenue accepts payments through multiple channels, including website, phone, app, email, SMS, social network & offline media.
  • It offers the best success rate for transactions, which means the minimum loss in business.
  • It supports International payment gateway, Credit Card & 27 foreign currencies.
  • Zero setup fee.
  • Zero withdrawal fee.
  • All major CMS systems are being supported.
  • Great customer support.

3. PayU Payment Gateway

Pay U money

PayUmoney is now PayU payment gateway. PayU is considered as a medium to big enterprise’s favorite payment gateway provider. Moreover, it also launched Wallet service for consumers, which could be accepted by small & medium businesses.

Also it is important to mention here that, Citrus Pay was now known as PayU Money & now its PayU.

Features & Advantages:

  • Support available for International payments, multiple currencies & credit cards.
  • Transactions are protected by PCI DSS 2.0 standard, which provides highest standard of security.

Charges:

  • Setup fee & maintenance fee (AMC) is zero.
  • Flat transaction charges of 2% + GST.

Other related Offerings:

  • Invoices.
  • Payment buttons & links.
  • Excel plugin.

Why to consider PayU Money for small business & startups in India:

  • Easy signup & fast onboarding process.
  • Fast settlement of amounts, withing 2 days of the transaction.
  • All major CMS supported.
  • Subscription or recurring payment option available.

4. Razor Pay

Razor Pay best payment gateway in india for small business

Razor Pay was founded by an IIT Roorkee alumni, Harshil Mathur. This platform allows businesses to accept all payment options including credit & debit cards, net-banking and almost every single wallet.

Important to realize that Razor Pay is unique payment gateway as it allows businesses to accept, process & disburse the payments through its payments suit.

Features & Advantages:

  • One time setup fee & annual maintenance fee, both are zero.
  • Payment settlement time- 3days.
  • Instant activation.

Charges:

  • The transaction fee for Indian cards is 2% & 3% for international cards viz Amex, Diners cards.
  • One time setup fee & annual maintenance fee, both are zero.

Other related Offerings:

  • UPI Autopay.
  • Payment links, payment button & subscription services are available.
  • ePOS, Freelancer payments.

Drawback/Cons:

  • No multi-currency support.
  • The international payment approval process may take a longer time.

Why to consider Razor Pay as best payment gateway for small business & startup in India:

  • Only payment gateway in India that accept, process & disburse the payment through its product suite offering.
  • Zero withdrawal fee.
  • One of the fastest in allowing you to activate and function.

5. Atom

Atom payment Gateway

Many would-be surprised to know that Atom is now owned by NTT DATA, thanks to its acquisition in 2019. Atom started its operations in the year 2005. Now it is part of the global network of NTT Global Payment Services.

Features & Advantages:

  • One of the most affordable in the industry.
  • No charges for Debit Card Payments below Rs 2000 transactions.
  • No minimum commitment.
  • Atom Technologies is part of the prestigious NTT DATA Group.
  • Customized plan for merchants based on the volume of transactions.
  • Mobile App – Available.
  • All major e-commerce CMSs are supported.
  • Used by over 1.5 lac businesses.

Charges:

  • Zero AMC for the first year, second year onwards Rs 2400/-.
  • The transaction fee for credit cards – 2.1%, for debit cards – 0.75% (up to Rs 2000/- transaction) & 1% (above Rs 2000 transaction).

Other related Offerings:

  • POS Machine – for merchants to accepts the payment anywhere/anytime.
  • mGalla Mobile App – Mobile App for merchants
  • Payment over trusted IVR

Drawback/Cons:

  • It may take 5-6 days in approval process to go live with transactions.
  • Some vital info on its portal are not updatedlike contect info.

Why to consider Atom as best Payment Gateway for small business & startups in India:

  • Settlement days – T+2.
  • Highly secured as it is PCI DSS v 3.2 compliant.
  • It provides an EMI option for customers.

6. Payflow Payment Gateway by PayPal

Paypal India payment gateway

Paypal is the most common & popular international payment gateway preferred by businesses across the world. If you are a webpreneur or having any online business with a large international audience, better you start with Payflow by Paypal.

Payflow offers two gateway options, Payflow link & Payflow Pro. While Payflow link runs on the hosted gateway with flexible checkout options, integrable into your website, on the other hand, Payflow Pro is a fully customized gateway, that gives you complete control.

Features & Advantages:

Charges:

  • Payflow Link– No setup or monthly fees, $0.1 per transaction for credit card payments.
  • Payflow Pro– $99 setup fee, $25/month recurring fee, $0.1 per transaction for credit card payments.

Other related Offerings:

  • Recurring billing option/feature with an additional cost of $10/month.
  • Advanced Fraud Protection Service with an additional cost of $10/month + $0.05/transaction.
  • Buyer authentication with an addition cost of $10/month + $0.1/transaction.

Drawbacks/Cons:

Why to consider Payflow by PayPal as best Payment Gateway for small business & startups in India:

  • One of the globally most trusted online payment gateway.
  • Choosing Payflow may increase your online checkout conversion by up to 44%.
  • Almost all of the merchants covered.
  • Excellent telephonic support.

7. EBS

EBS payment gateway

E-Billing solutions, or EBS, is a fully owned subsidiary of Ingenico Group, a worldwide leader in seamless online payments. EBS acts as an intermediary between merchants and consumers by providing a seamless platform for payment receiving and processing. With the India head office based in Mumbai, they supply over 100 payment choices to make payments much easier for both sides of a purchase.

If you are an entrepreneur in India with online sales, continue reading for more information about this payment gateway and if it can be the best suitable for you. List of contents EBS payment entrance has two various prices plans- starter and premium. The premium bundle is a custom-made made prepare for your specific service and is priced appropriately.

Features & Advantages:

Charges:

Other related Offerings:

Drawbacks/Cons:

Why to consider EBS Gateway for small business & startups in India:

8. PayTM Payment Gateway

PayTM business payment Gateway

Features & Advantages:

Charges:

Other related Offerings:

Drawbacks/Cons:

Why to consider PayTM Payment Gateway for small business & startups in India:

9. Direcpay

Direcpay best payment gateway in india for small business

Features & Advantages:

Charges:

Other related Offerings:

Drawbacks/Cons:

Why to consider Direcpay Payment Gateway for small business & startups in India:

10. Mobikwik PG

Mobikwik payment gateway for business

Earlier known as ZaakPay, Mobikwik is a popular wallet in India and is very consistent with its performance.

Setup fee & Annual Maintenance fee both are zero. Moreover it offers the most affordable pricing for businesses.

It’s transaction fee is very much competitive with 1.9% per transaction within India & for international transaction it is 2.9% per transaction.

Features & Advantages:

Charges:

Other related Offerings:

Drawbacks/Cons:

Why to consider Mobikwik PG Payment Gateway for small business & startups in India:


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