You must have probably used a payment gateway in your daily life without even realizing it, whether you’re paying for a service or making an online purchase.
The process of online transactions in today’s fast-paced digital world is payment gateways, which makes it simple for companies to receive payments from clients. Payment gateways like Paytm, Razorpay, and others ensure the safe and efficient transfer of funds from your bank account to the business owner’s account.
Choosing the right payment gateway is important for any business. It influences not just the consumer experience and satisfaction but also customer security.
In India, there are various options, each with unique features catered to different business and consumer needs. From Razorpay, praised for its security, to Paytm, renowned for its extensive reach and user-friendly interface, the choices are vast.
How To Choose The Best Payment Gateway In India
With so many choices available, choosing the best payment gateway for your business or payment transfer might be a difficult choice.
We want to ease your decision-making process by sharing the top payment gateways in India in today’s blog. Let’s go over some important factors to take into account before we delve into the list and choose the ideal retreat for your needs:
- Security: Make sure the gateway has strong security to keep your customers’ data safe.
- Fees and Pricing: Look at the costs involved, including transaction fees, setup charges, and monthly fees.
- Easy Interface: Choose a gateway with an easy user interface that integrates with your website without any hassle.
- Customer Support: Reliable and efficient customer support can offer customer satisfaction.
- Payment Options: A gateway that supports various payment methods like credit/debit cards, net banking, and UPI.
- Settlement Time: Consider how quickly funds could be transferred to your account.
- User Experience: A smooth and simple payment transfer process can lead to a great experience for your customers.
Mentioned below is the list of Top 20 Payment Gateway in India
1. Paytm – Payment Gateway in India
Established in 2010 by Vijay Shekhar Sharma
Paytm is a household name in India. It is extremely popular for online payments and money transfers with a very easy user-friendly interface. Whether you’re a small business or an entrepreneur, integrating Paytm into your business payments is a piece of cake. Additionally, customers love it because it is used nationwide and trusted by thousands.
2. Razorpay – Best Payment Gateway In India
Established in 2014 by Shashank Kumar
Razorpay is a favorite among many businesses for a reason. It is full of interesting features and offers competitive pricing as compared to other payment gateways. It supports everything from credit and debit cards to UPI and wallets. Razorpay dashboard and analytics tools are top-notch, which helps you in keeping track of everything with ease.
3. CCAvenue – Payment Gateway In India
Established in 2001 by Vishwas Patel
One of the veterans in the payment gateway industry, CCAvenue, is known for its reliability. It supports a huge range of payment options and offers excellent security. Additionally, it is an excellent choice if you’re dealing with a diverse customer base because it supports multiple languages and currencies.
4. Instamojo – Best Payment Gateway in India
Established in 2012 by Sampad Swain, Akash Gehani, and Aditya Sengupta
If you’re someone with a small business or a startup, Instamojo is a perfect fit. It is incredibly easy to set up and offers features like invoicing and instant payouts. The simplicity and ease of use make it a go-to and top choice for many small businesses.
5. PayU – Best Payment Gateway in India
Established in 2002 by Naspers (South Africa)
PayU is a global player with a strong presence in India. It supports a wide variety of payment methods and ensures a smooth checkout experience. With excellent fraud detection features and prevention for the same, both businesses and customers can trust PayU for secured transactions.
6. Cashfree – Best Payment Gateway in India
Established in 2015 by Akash Sinha and Reeju Datta
Cashfree lives up to its name by making payment processing quick and hassle-free. It offers instant refunds, payouts, and even recurring payments. Cashfree is a great choice due to its easy integration and competitive pricing making it one of the best gateways for business owners.
7. PhonePe
Established in 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer
PhonePe is widely used across India and is known for its security and ease of use. It supports UPI, credit/debit cards, and wallet payments, making it a versatile option. Its popularity and simple user interface make it a good choice for any business.
8. PayPal
Established in 1998 by Max Levchin, Peter Thiel, and Luke Nosek
PayPal is a giant in the online payment world and is widely accepted in India. Its specialty lies in being useful for international transactions and supporting multiple currencies for payment transactions. PayPal’s global recognition and trust among a huge customer base, make it a strong contender.
9. Mobikwik
Established in 2009 by Bipin Preet Singh and Upasana Taku
Mobikwik is another popular digital wallet and payment gateway, which is known for its quick and secured transactions. Business owners prefer Mobikwik for its easy integration and the various promotional offers like great cashbacks, which help to attract more customers.
10. BillDesk
Established in 2000 by M.N. Srinivasu, Ajay Kaushal, and Karthik Ganapathy
BillDesk is a reliable choice for many large enterprises in India. It supports multiple payment modes and offers comprehensive security features. If you’re looking for a specialized infrastructure that ensures smooth payment processing, BillDesk is a great option.
11. Nttdatapay
Established in 2006 by J. M. Trivedi As Atom Technologies Limited
Nttdatapay offers versatility and supports a wide range of payment options. Features like multi-bank EMI, mobile payments, and recurring billing make it a flexible choice. Nttdatapay’s extensive network makes it suitable for many businesses.
12. ICICI Payseal
Established in 2000 by ICICI Bank
ICICI Payseal, brought to you by ICICI Bank, is a trusted payment gateway. It offers secure and reliable solutions, making it suitable for businesses of all sizes. It’s robust fraud prevention and easy integration make it a popular choice.
13. PayKun
Established in 2018 by Nirav Solanki, Saurabh Kothari, and Rituraj Jain
PayKun is all about user-friendliness. It supports a wide range of payment options and offers quick onboarding. Ideal for startups and small businesses, PayKun’s competitive pricing and excellent customer support are big advantages.
14. Easebuzz
Established in 2014 by Rohit Prasad
Easebuzz is popular among small and medium-sized business owners. It offers secure transactions, multiple payment options, and easy integration. With great customer support and competitive pricing, Easebuzz is an excellent choice for streamlining payments.
15. Juspay
Established in 2012 by Vimal Kumar
Juspay stands out for its innovative solutions and secure platform. It supports a wide range of payment methods and offers features like one-click payments and UPI integrations. Juspay focuses on enhancing user experience and security, making it a top pick.
16. Direcpay
Established in 2006 by TimesofMoney (a subsidiary of The Times Group)
Direcpay is a reliable payment gateway offering comprehensive solutions. It supports multiple payment modes and easy integration with e-commerce platforms. Direcpay’s great infrastructure ensures smooth and efficient payment processing.
Conclusion
The success of your business or company depends on selecting the appropriate payment gateway. There is a choice for every need among the payment gateways we have mentioned, each with its own special features and advantages. This list covers all business sizes, whether you are a startup, small business, startup, or big corporation. Choose the gateway that best suits your demands in order to guarantee safe, easy transactions and client satisfaction.
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