Now a days eCommerce market is booming in India. There are many small businesses in India who are bringing their business Online in recent times. But finding a good Online Payment Gateway in India is a daunting task. You require a safe, diverse and most importantly a reliable online payment gateway in India to get the best out of your Organization. Before we start on the Indian scenario in this market it is important to understand what a payment gateway really is.
A payment gateway is an e-commerce application service that authorizes credit card, debit card, online banking, cash card payments for e-businesses, online retailers. A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone) and the Front End Processor or acquiring bank.Payment Gateway also termed as Online Payment Processing Services, Payment Merchant Gateway, E-commerce Payment Solutions. Choosing a online payment gateway in India is a tough Job since there are few large payment gateway provider in the market, while the small payment gateway provider have few interesting features which makes them difficult to ignore. If your organization have very large number of daily transactions then you need to be very specific about choosing a provider while the smaller organization look for lower transaction rate. Few Things to consider before setting up a payment gateway:
1. Payment gateway cost (Setup fee, TDR, Annual free, etc)
2. Time to setup everything
3. User Interface of the gateway
4. Payment options (Credit/Debit Cards, Net-banking, Mobile Wallets, etc)
5. After-sale Support
So here the list of few best Online Payment Gateway in India.
PayUIndia service allow businesses and users to transact online via credit card, debit card, net banking, digital wallets and the checkout technology. PayUIndia enables online transactions at SMEs and Startups level via PayUMoney and same for enterprise scale with PayUbiz.
Instamojo is a Bangalore-based startup that has come up with a payment solution built in India for Indian Small Businesses and Startups who want to start selling their products online. With Instamojo, anyone can quickly create a payment link and share it on their website, social media, email etc.
Citrus Pay was established in 2011 with a vision to change the world of payments and a focus on software innovation. They provide comprehensive web and mobile payment solutions for merchants as well as consumers. Citrus Pay is backed by the Investment firms like Sequoia Capital, Beenos, and E-Context Asia.
CCAvenue is one of the oldest and largest Payment Gateway in India, providing huge range of payment options to Users as well as Merchants. They offers 200+ payment options. They also support 27 other currencies, thus enabling you to serve customers in other global markets out of India. CCAvenue also allows multilingual payment page in 18 major Indian and international languages.
TechProcess Payment Services, India’s leading payment Solutions Company has launched Paynimo – the next generation mobile-first payment platform in the year 2015. Paynimo is a service that facilitates a person, merchant or bank to collect / transfer funds through various payment modes. The unique feature of Paynimo is that neither the merchant nor the consumer needs to share any of their account details between them. They can make transaction with mobile number and/or their email ID.
Razorpay is a new Indian Startup in the segment of Payment Gateways Services. Their target is giving more Startups, SME and Larger Tech Companies in the country the ability to make it easier to integrate payments into their services.
EBS Payment Service is one of the most secured online payment service providers in India because of their own fraud management solution. EBS offer international payments & multi-currency services though Ogone, a Belgium based online payment service provider and payment risk Management Company.
DirecPay is a TimesofMoney Service. Apart from offering a wide range of affordable payment options, they also give an assurance of T+2 settlement cycle. It also offers option of Multi Bank EMI, wherein all major banks like HDFC, Citibank are supported for EMI conversion. The other unique features include dropped transaction tracking, automated reconciliation, real time MIS and on demand analysis & reporting tools.
Zaakpay is a payments company based in New Delhi & Bangalore. Their aim is to solve the payment pain points for ecommerce merchants in India. Funded in late 2011, a sequoia backed company; Zaakpay has two products to offer-Webpay and Mpay, making Zaakpay a complete online payments solutions provider. Webpay has a simple four step procedure to setup the payment gateway.
Emvantage enables online merchants to sell through multiple channels including Social Media and has developed models to increase revenue for Online Merchants. Along with wide range of payment options they also provide analysis and reporting tools like Transaction alerts, Failure analysis, etc.
Airpay payment gateway has some astonishing features which compels the business owners to opt for it to make the online transaction easier with minimum charges and provide online secure payment.
Atom Technologies is a Financial Technologies Group cater to all payment processing requirements right from IVR, Internet and Mobile based applications. They are the only IVR based transaction processing platform that enables debit card/direct debit account-to-account transfer.
PayTM started as a mobile & DTH recharge service is now a $4 billion company. You can start accepting payments from PayTM users using their Pay with PayTM service. You can integrate this payment gateway in your website. Unlike other traditional payment gateways, it will allow payments only from PayTM wallet.
IndiaPay Payment Gateway is a safe internet channel in between merchant businesses, credit cards, debit cards and electronic check settlement processing networks. They provide a totally integrated online payment gateway for your company to approve credit cards, debit cards and ACH in a secure real-time time setting.
When PayPal started, it was a revolutionary idea of sending money through email. For small online businesses, PayPal is a great option. Those who cannot afford other way of payment processing, PayPal provides them a simple and inexpensive way of doing business.