OPEN Payment Gateway

Best Online Payment Gateways in India 2024

1. Cashfree Payment Gateway...

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)....

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....

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....

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....

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....

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....

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....

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....

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....

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....

Conclusion

The best payment gateway in India to suit your business would depend upon the size of your business, the payment options you want to offer, the fees, the speed, ease of integration and support you need. So pick from any of the following payment gateways – Cashfree Payment Gateway, PayU, OPEN, Razorpay, Instamojo, PayPal, CCAvenue, PayUbiz, Mobikwik or Easebuzz. Every payment gateway has its own set of advantages and disadvantages so investigate well. Also, the security features, reputation and most importantly should be Indian regulation compliant for successful and hassle-free online payment gateway in India. The top most and best payment gateway in India depends on the size of your business, payment options you wish to offer to your customers, payment gateway fees, the time taken for the payment to reach your merchant account, ease of integration with your website and customer support offered....