PayU
Another competition for Razorpay is PayU (formerly known as PayU Money) which is the product of an Indian payment processing corporation. PayU is one of the best and simplest online payment solutions that was designed to fill in the gaps left by complex service providers. They have an easy sign-up and quick onboarding process also it takes minimal development effort. The user interface is pretty nice. The service offers a single integrated solution that lets users start receiving local payments in all locations where it operates. PayU offers more than 250 local payment methods and multiple currency options. Let’s discuss some of its key features.
Key Features
- International Payment / Credit CardSDKs Support: Supported
- 100+ Payment Options including UPI, debit/credit cards, and net banking
- Documentation is best in the industry as in the same bar as Stripe and Razorpay.
- Supported eCommerce CMS Systems: All major CMS-supported
- Mobile App Integration: Android, Windows, and iOS.
- Accept payments in 100+ currencies
Price
- Annual maintenance Charge: Zero, no setup charges.
- 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% + 6Rs for every transaction.
Top 7 Payment Gateway APIs That Every Developer Must Know in 2024
Developers can easily build a website for someone else and for their purpose of starting a business. Well, running a startup successfully can be difficult if you haven’t chosen the right payment gateway service. The right payment gateway service allows customers easy transactions on your website. If you ignore the most important part of your website which is integrating the payment gateway then probably you won’t get the result on your website that you are looking for. It is just like building a swanky store without a proper and efficient billing counter.
Table of Content
- Best Payment Gateways in India
- 1. Paytm
- 2. Stripe
- 3. PayPal
- 4. Razorpay
- 5. PayU
- 6. Instamojo
- 7. CCAvenue
As an organization, you need to be careful while choosing a payment gateway option. It should be according to the customer’s experience on your websites through to cash flow to online sales. Make sure that you take care of at least 5 things mentioned below while choosing a payment gateway.
- Security should be the topmost priority. Make sure that it is integrated with the 3D security and complies with the PCI Data Security Standard (PCI DSS).
- Payout Time should be less to credit money in your bank account.
- Integration needs complies to be easy and simple or it can develop a custom-coded solution for your platform easily.
- Multiple currencies should be handled by the payment gateway for customers using different currencies across the world.
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