An integral factor of your business setup that you need to get right is the need to choose the perfect payment gateway, as it will be a critical aspect of your eCommerce store or when you want to seamlessly sell products from your website.
There are a number of key factors to consider when trying to decide which payment gateway in India is right for your business, including cost, how good the user interface is, the level of payment options available, and the aftersale support you can expect to receive. Based on these and other important parameters, here is a list of the best payment gateways by order of rank.
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Razorpay
This payment gateway deserves top billing as it has really taken giant strides in a relatively short space of time. It has already helped more than 5 million businesses to solve the issue of digital payments, and its business banking arm, RazorpayX, offers to make end-to-end money movement easier.
Key points that make it the number one choice are the simple interface that is supremely easy to use, a setup process that is effortless, and the ability to accept subscriptions, which not all of its rivals offer. The checkout page will allow your business to offer lots of options to pay and customer service support gets consistently positive feedback.
Cashfree
The next best Indian payment gateway is Cashfree, offering a vast array of payment methods that include Rupay, PayTM, and Pay Later. As you might expect from a business that was incubated by PayPal, it has worked hard to provide some useful and unique features, such as international payments connected to your PayPal account and the ability to send invoices with a payment link.
CCAvenue
This payment gateway has a longer history than most of its rivals, and that means it has had the opportunity to make improvements to its merchant dashboard and website along the way. Their longevity also means that they have gained a reputation for reliability, and the fact that it supports multiple currencies is also a plus point.
PayU
Formerly known as PayU Money, it is one of the largest payment gateways in India, and it scores well in terms of competitive pricing for its services. It won’t charge any setup or maintenance fees and payment options include UPI, net banking, and various wallets, with all major eCommerce CMS systems supported.
InstaMojo
This payment gateway offers new merchants the ability to create their merchant account within a matter of moments, and it aims to let you collect online payments as seamlessly as possible. Its charges are competitive with a zero annual maintenance charge, but international payments or credit cards are not supported, which could hold your business back.
If you are exclusively targeting the Indian market, this lack of options might not matter too much, but if you have more global ambitions, it could be a reason to look elsewhere when choosing your payment gateway. Whether you are looking for a hosted or integrated payment gateway, this guide should help steer you toward the right one for your business.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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