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Top 10 Best Payment Gateways in India 2024

Last Updated : 28 Feb, 2024
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A Payment Gateway serves as a web-based e-commerce service that grants authorization for credit or debit card payments on behalf of bricks and clicks, traditional brick-and-mortar establishments, online businesses, and online retailers. It enables communication between the Front End Processor or acquiring financial institution and a payment gateway (such as a website, smartphone, or voice response service). The payment transaction between the merchant (seller) and the consumer (buyer) is automated by the Payment Gateway service. A third-party service typically operates as a computerized system that accepts or declines credit card transactions (as well as verifies them) on the merchant’s behalf via secure Internet connections. The payment gateway structure facilitates the acceptance of credit, debit, and other electronic payment methods by the merchant (seller).


Best Online Payment Gateways in India 2023

1. Cashfree Payment Gateway

Cashfree Payments is a prominent remittances and API banking company in India. Credit and debit cards (Visa, Mastercard, Rupay, AMEX, Diners), net banking (65+ institutions), Paytm and other wallets, UPI via BHIM UPI, Google Pay, PhonePe, EMI options, and Buy Now Pay Later are among the more than 120 payment methods accepted. Moreover, NEFT, IMPS, and PayPal are supported. Furthermore, they provide the most extensive selection of cardless EMI and PayLater alternatives, including OlaMoney postpaid and ZestMoney. Additionally, Cashfree Payments facilitates international transactions in over one hundred different currencies. Additionally, Cashfree provides an Instant Settlements function that enables organisations to receive the funds to a designated account (virtual account or bank account) within 15 minutes of payment capture. The organisation received considerable appreciation for its implementation of advanced payment gateway functions such as the Refunds suite (which facilitates prompt refunds, preauthorization for card payments, and Cashgram – Payout Links for refunds of COD orders).

Type of Payment Gateway Integrated Payment Gateway
Cashfree Payments Gateway Charges in India
  • Initial Setup Fees: ZERO
  • Annual Maintenance Charges: ZERO
  • Minimum Annual Business Requirement: ZERO
Applicable Fee per Transaction
  • Credit & Debit cards on Visa, Mastercard, Maestro, RuPay, 65+ net banking: Flat fee @ 1.90% + GST
  • Wallets: Paytm, Airtel Money, Freecharge, Mobikwik, Ola Money, Jiomoney: Flat fee @ 1.90% + GST per transaction.
  • UPI: Flat fee @ 1.90% + GST per transaction
  • International Credit Cards on Visa, Mastercard, and American Express: Flat fee @ 3.5% + Rs 7 per transaction
Domestic Cards and Internet Banking Options Visa, Mastercard, Maestro, RuPay, and 65+ net banking
Pay Later and EMI Options

Pay Later (Ola Money Postpaid, Lazy Pay, and ePayLater, ZestMoney and Flexmoney)

EMI — Flexmoney, ZestMoney and multiple bank EMI options

Mobile App Payment Gateway Integration Choose from the widest range – Android SDK, iOS SDK, Reach Native, Flutter SDK, Cordova SDK, Xamarin Android SDK and Xamarin iOS SDK.
Settlement Time 24 hours (sell today and get paid tomorrow)
Account Activation Go live within 24 hours of registering. One of the limited number of platforms that offers activation for international payments on day one. Begin with straightforward integration packages.
Documentation Required for Payment Gateway Registration It is entirely digital procedure. Only a scanned copy of the cancelled cheque, a valid PAN card and verification of address are required.
Customer Support Each account is allocated a Dedicated Account Manager who serves as the single point of contact. Support for live conversation is available Monday through Saturday.

2. PayU Payment Gateway Service

PayU, formerly referred to as PayU Money, is a highly regarded payment gateway that facilitates the processing of online payments. It offers streamlined sign-up and enrollment procedures, minimal development effort. With their 100 percent online, streamlined registration procedure, one can get started with accepting payments in their iOS, Android, or Windows application in a secure and seamless manner within minutes.

PayU Payments Gateway Charges in India Annual Maintenance Charge: Zero
Transaction Fee per Transaction
  • 2% + GST for each transaction.
  • For American Express & Diners Cards, transaction fees = 3% + GST for international transactions & EMI payment options, there is a set-up fee that needs to be paid along with Annual Maintenance Charges (AMC). Also, the transaction rates are 3% + ₹6 for every transaction.
International Payment/Credit Card Support Supported
Domestic Credit Cards Supported Visa/Mastercard/Diners/Amex credit Cards
Multi-Currency Support Yes
Withdrawal Fees Zero
Settlement days T+2 days
No of Days to Start a Transaction 5-7 days
Mobile App Integration Android, Windows and iOS
PayUMoney Payment Gateway Documentation Requirement Proof of identity, bank account, and address, a cancelled cheque, and a PAN card for your business. You may also be required to provide documentation pertaining to your company’s website, products, or services, as well as evidence of business registration.

3. OPEN Payment Gateway

The Payment Gateway provided by OPEN is regarded as one of the most reputable, user-friendly, adaptable, and secure payment gateways in Asia. It enables eCommerce companies to receive payments from customers via over two hundred different methods, such as mobile wallets, debit and credit cards, IMPS, NEFT, RTGS, and UPI, by transmitting payment links to customers. Numerous extensions, including those for Woocommerce, Magento, Opencart, and Prestashop, enable organisations to integrate the payment gateway with their online stores. We provide instant settlements with no fees, allowing you to access your funds in your bank account or OPEN’s virtual account within minutes. Additionally, you can generate and transmit GST-compliant invoices that include integrated payment URLs for receiving payments from customers. OPEN’s payment gateway features seamless integration with the platform, enhanced dependability, and immediate settlement capabilities.

Settlement Charges Zero
Transaction Fee
  • Most affordable in India: 1.85% for Indian Credit/Debit cards and net banking.
  • Zero for UPI & Rupay Debit cards.
Customer Support 24/7 at
Mobile SDK Integrations Android and iOs
Plugins Woocommerce, Magento, Opencart, Prestashop

4. Razorpay Payment Gateway & Payment Solutions

With its product suite, Razorpay is the only payments solution in India that enables businesses to receive, process, and disburse payments. It grants users access to a wide range of payment methods, such as credit and debit cards, net banking, UPI, JioMoney, Mobikwik, PayUmoney, Airtel Money, FreeCharge, Ola Money, and PayZapp, among others. At an affordable price, Razorpay offers the highest level of technological integration. Shashank Kumar and Harshil Mathur started it in 2014, and it has its headquarters in Bangalore, India. Razorpay is a reliable payment platform used by companies of all sizes, with over 800,000 firms in India using it.

Annual Maintenance Charge ZERO
Transaction Fee per Transaction
  • Simple and transparent pricing plan which has no hidden fees: 2% per successful transaction;
  • +1% for International cards, EMI and Amex;
  • No setup fees; No Annual maintenance charges; GST applicable of 18% on the transaction fee.
International Payment/Credit Card Support International approval is a separate process and takes longer, which is subject to the bank’s approval.
Multi-Currency Support Does not support
Withdrawal Fees Zero
Settlement Days 3 days in your connected Bank account
Documentation Required The requisite documentation comprises the following: a PAN card for the business, the Aadhaar card of the account holder, bank account particulars, business registration documents (e.g., Articles of Association, Certificate of Incorporation, Memorandum of Association, or Partnership Deed), a cancelled cheque from the bank account designated for payment receipts, and a GST certificate (if applicable).
Supported eCommerce CMS System All major ones such as WooCommerce, Magento, CS-Cart, Opencart, Shopify, WHCMS, WordPress, Arastta, Prestashop.
Mobile App Integration Mobile SDK’s for Android and iOS via Cordova/Phonegap
Razorpay Payment Gateway Integrations
  • Woocommerce
  • Magento
  • CSCart
  • Opencart
  • Shopify
  • Prestashop
  • WordPress
  • Wix
  • Arasatta
  • East Digital Downloads

5. InstaMojo Payment Gateway India

With the Instamojo Payment Gateway, new merchants can effortlessly accept online payments with or without a website by establishing a merchant account in an instant. The fees charged by Instamojo are entirely reasonable. For Indian enterprises, Instamojo is an online-only payment platform. Since 2012, Bangalore-based platform has served 800,000 Indian businesses. It began providing payment links but now offers a comprehensive payments intermediary, financing, advertising, accounting, and tax assistance.

Annual Maintenance Charge ZERO
Transaction Fee per Transaction Flat fee @ 2% + 3 per transaction
International Payment/Credit Card Support Not supported
Withdrawal Fees Zero
Settlement Days 3 days in your connected Bank account
Customer Support It is clearly stated on their IVR system that they are closed on weekends.
No of Days to Start a Transaction You can begin receiving payments immediately following an easy email registration.
Supported eCommerce CMS System All major ones such as Magento, Prestashop, Opencart etc.
InstaMojo Payment Gateway Integrations
  • CScart
  • Drupal
  • WordPress
  • Prestashop
  • Magento
  • Woocommerce
  • Ionic SDK
  • Python
  • Ruby
  • PHP
  • Java
  • Android
  • iOS
Instamojo Payment Gateway Documentation Typical documentation requirements include a copy of the applicant’s PAN card, bank account information, business registration documents (e.g., a Partnership Deed or GST registration certificate), a voided bank account cheque, and proof of identity and address (e.g., an Aadhaar card, passport, or driver’s licence).

6. PayPal Payment Gateway Service

PayPal is an international payment platform that is accessible in more than two hundred countries. In 2014, PayPal reportedly processed four billion payments, one billion of which were mobile transactions. More than 173 million clients utilise PayPal routinely. Therefore, in order to receive orders from international customers, your eCommerce store must be integrated with PayPal. PayPal facilitates the transfer of funds to and from bank accounts in 57 different currencies and maintains balances in 26 additional currencies. The platform supports over 100 different currencies.In India, PayPal is mainly used by merchants to receive funds from international clients, as Indian companies are prohibited by banking regulations from accepting Indian credit cards via PayPal.

Annual Maintenance Charge Free, Zero maintenance charges
Transaction Fee per Transaction 4.4% + USD $0.30 + Currency conversions charges
Customer Support PayPal provides outstanding consumer service.
Documentation Required Your PAN, details of a local bank account, and a purpose code (which has been implemented to denote the type of cross-border transaction payment conducted in adherence to regulatory obligations).
Settlement Days Every money that you receive in your PayPal account will be automatically transferred each day to your local bank account.
Support for Multiple Currencies PayPal is available in over 100 countries, and as a merchant, you can keep your profits in 57 different currencies!

7. CCAvenue Payment Gateway

One of the biggest payment gateways in India, CCAvenue provides a variety of payment choices. More than 200 payment methods are available, including six credit cards including American Express, JCB, Diners Club, Mastercard, Visa, and eZeClick. Additionally, it supports 27 main currencies, so you may service customers outside of India in some important worldwide marketplaces. Additionally, CCAvenue offers a multilingual payment page in eighteen popular Indian and other languages. CCAvenue is a leading payment gateway provider used by over 85% of e-commerce merchants and authorised by Indian financial institutions. Only Indian businesses accepting online payments can use it. Many industries use them, including the hospitality industry, higher education, catering, retail, travel, and others.

Initial Setup Fee Zero
Annual Maintenance Charge for a Startup Account ₹ 1,200
Transaction Fee per Transaction
  • Domestic Credit & Debit cards on Visa, Mastercard, Maestro RuPay: Flat fee @ 2%
  • Wallets: Freecharge, Mobikwik, OlaMoney, Jiomoney, Paytm, PayZapp, Jana Cash, SBI Buddy
  • Mobile Wallet: Flat fee @ 2%
  • IMPS & UPI: Flat fee @ 2%
  • International Credit Cards on Visa, Mastercard, American Express, JCB and Diners Club: Flat fee @ 3%
  • Taxes extra as applicable from time to time
International Payment/Credit Card Support Supported on CCAvenues
Multi-Currency Support With CCAvenue, payments may be collected in 27 popular international currencies, and customers can choose the currency they are most familiar with.
Days of Settlement CCAvenue settles payments for sums over and above the minimum amount that must be retained, which is ₹ 1,000, once a week.
Customer Support Customer service is described on the website as being available by phone, chat, and email 365 days a year. The IVR system makes it quite evident that they are closed on weekends. But their technical and sales staff responds quickly and works well together internally.
Types of Credit Card Accepted 6 credit cards such as Amex, JCB, Diners Club, Mastercard, Visa and eZeClick are accepted.
Mobile App Payment Gateway Integration Android, iOS and Windows

8. PayUbiz Payment Gateway Service

PayUbiz is a subsidiary of Naspers, a USD $25 billion media and digital conglomerate that is listed on the Johannesburg and London stock exchanges. More than 70 of the top 100 eCommerce companies use it as a payment gateway solution provider. PayUbiz is utilised by huge companies like Snapdeal, Jabong, Bookmyshow, Ola, Cleartrip, Redbus, Goibibo, Zomato, and others. PayUbiz provides several payment gateway services to businesses of all sizes. The platform makes merchant and client payment processing secure and efficient. PayUbiz’s many payment options are a plus. The platform accepts credit, debit, net banking, and mobile wallets. Secure security is another PayUbiz benefit. The platform protects consumer data and prevents fraud with strong encryption. PayUbiz satisfies the highest payment security standards with PCI DSS compliance. Merchants can reach the 24/7 customer support team for assistance with any concerns or questions.

Annual Maintenance Charge Variable charges apply
Transaction Fee per Transaction Variable charges apply
International Payment/Credit Card Support Not supported
Domestic Credit Cards Supported Visa/Mastercard/Diners/Amex credit Cards
No. of Days to Start Transactions 5-7 days
Supported eCommerce CMS Systems All major CMS supported
Mobile App Integration Android, Windows and iOS

9. Mobikwik Payment Gateway

Mobikwik (previously Zaakpay) Payment Gateway is a popular solution for online credit, debit card, and internet banking transaction processing. They promise to be able to set up an account in two days. Customers may set up a payment wallet online. The Reserve Bank of India authorised the company’s usage of MobiKwik in 2013, and in May 2016, it began offering small loans to clients. In November 2016, the organisation claimed 1.5 million merchants and 55 million customers.The company has about 325 employees in consumer payments, financial technology, and payment gateway. From April 1, Mobikiwik terminated its e-wallet services from all major Indian crypto exchanges.

Annual Maintenance Charge Custom
Transaction Fee per Transaction Custom
International Payment/Credit Card Support All Indian & International Mastercards, VISA, Discover & Diner’s cards acceptable
Domestic Credit Cards Supported All Indian & International Mastercards, VISA, Discover & Diner’s cards acceptable.
Multi-Currency Support No
Customer Support Available
Supported eCommerce CMS Systems WordPress, XCart, Zencart, Prestashop, CScart, Cubecart, OSCommerce etc.
Mobile App Integration Android, Windows and iOS

10. Easebuzz

Easebuzz is a software platform that provides payment gateways and value-added services to businesses. Easebuzz handles difficult payment challenges such as vendor payments, recurring payments, split payments, and a variety of value-added services that assist organisations in scaling. Easebuzz enables small businesses to digitise payments without having to worry about business process issues.

Annual Maintenance Fees Zero
Transaction Fee per Transaction
  • All Domestic Debit cards (Visa, Master, Rupay, and Maestro) – 1.5% per transaction
  • All Domestic Credit Cards (Visa, Master, Rupay, and Maestro) – 2.2% per transaction
  • Netbanking (70 + Banks) – 2% per transaction
  • UPI (Phone Pe, Bhim, Tex, All banks) – 1.2% per transaction
  • Wallets (Paytm, Mobikwik, Jio, Oxygen, and 7 more) – 2.5% per transaction
  • Post Paid (Pay Later – Ola) – 2.2% per transaction
  • EMI (6+ Banks) – 2.5% per transaction
Time Taken to Start Transactions 24 hours
Payment API’s Available
  • Woocommerce
  • PHP
  • Java
  • Python
  • Android
  • Codeva
  • Iphone
  • .Net
  • Prestashop
  • Magento 1.0, 2.0
  • Open Cart 1.0,2.0,2.3,3.0
  • Flutter
Value-Added Services Vendor Payments B2B, Split Payments, Recurring payments for subscription-based businesses, Application form (CMS) for fee/bill/invoicing amount collecting, and smart payment link solution.

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