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:
- Payment gateway cost (Setup fee, TDR, Annual free, etc)
- Time to setup everything
- User Interface of the gateway
- Payment options (Credit/Debit Cards, Net-banking, Mobile Wallets, etc)
- After-sale Support
So here the list of few best Online Payment Gateway in India.