The best payment gateway in India & How to get one

Online payment has become an inseparable part of the e-commerce industry, especially in India, where the use of online payment methods like credit/debit cards, UPI, and mobile banking has accelerated due to the COVID-19 pandemic. As more businesses adopt online payment gateways, the importance of these e-payment services is increasingly becoming more of a necessity for both vendors and customers.

Some of the advantages of online payment for businesses include:

1. **Cost and time savings**: Online payments save a lot of time for both the seller and the customer.
2. **Increased sales**: Online payments can help businesses provide their customers with a convenient payment experience.
3. **Reduced transaction costs**: Businesses have to partner with a card processor to enable payment services to customers. The processor provides you with the payment gateway for processing in exchange for a high fixed cost. On the other hand, with online payment, you do not need to avail services of a processor. You just need to pay a fixed subscription to the online payment service provider.
4. **Speed of transactions**: People don’t have to wait in line or fill out forms to make payments.
5. **Convenience**: People can pay for goods and services at any time of the day from any part of the world.
6. **Reaching global audience**: Online payments can help businesses reach a global market.
7. **Low transaction costs**: Online payments can help businesses reduce their transaction costs.
8. **Quick and easy setup**: Setting up an online payment gateway is quick and easy.
9. **Variety of payment choices**: Customers have a variety of payment choices when it comes to online payments.
10. **Availability of more distribution channels**: Online payments can help businesses increase their distribution channels.
11. **Easy management**: Online payments are easy to manage.

There are many payment gateway service providers in India that offer payment gateway services for websites and apps. Both banks and payment gateway aggregators provide the payment gateway services to merchants. They charge transaction charge per transaction Usually the transaction charge percentage charged by banks are lower than the payment gateway aggregators.

You can get payment gateway services for your website either from banks or payment gateway aggregators. Some of the popular banks that offer payment gateway services in India are HDFC Bank, ICICI Bank, Axis Bank and more. Some of the popular payment gateway aggregators in India are Instamojo, Razorpay, PayU, CCAvenue, PayTM, EBS from Ingenico, DirecPay, CashFree and more.

To get payment gateway services for your website from banks or payment gateway aggregators, you can visit their websites and follow the instructions provided there. The documentation required for payment gateway registration is a completely online process and requires only scanned copies of the cancelled cheque, PAN Card and address proof.

Here are some of the popular banks that offer payment gateway services in India:

• HDFC Bank

HDFC Bank is one of the leading banks in India that offers payment gateway services to merchants who want to accept online payments on their website. The HDFC Bank payment gateway is a secure and reliable way for merchants to accept payments from customers using credit cards, debit cards, net banking, and other payment methods.

The HDFC Bank payment gateway is easy to integrate with your website and provides a seamless checkout experience for your customers. It also offers advanced fraud detection and prevention tools to help you protect your business from fraudulent transactions.

To get started with the HDFC Bank payment gateway, you will need to sign up for an account on their website. Once you have signed up, you can integrate the payment gateway into your website using their API or plugins for popular e-commerce platforms like WooCommerce, Magento, and Shopify.

The HDFC Bank payment gateway charges a transaction fee for each transaction processed through their system. The fee varies depending on the type of transaction and the payment method used by the customer.

Overall, the HDFC Bank payment gateway is a great option for merchants who want to accept online payments on their website. It is secure, reliable, and easy to use. If you are looking for a payment gateway for your business in India, be sure to check out HDFC Bank.

• ICICI Bank

ICICI Bank offers a payment gateway for businesses in India that is housed under the First Data payment gateway umbrella. With the IMS-First Data payment gateway, every plan is tailored and customized to the exact business and its needs. 

ICICI Bank’s Corporate Payment Gateway allows you to accept payments on a 24 X 7 basis from around the world. They accept all local and international Visa, MasterCard and maestro cards. They provide robust transaction processes with enviable uptime and convenience. 

You can use ICICI Bank’s Eazypay solutions by linking any bank account, and start collections instantly, with POS/ UPI.

Here are some of the popular payment gateway aggregators in India:   

• Instamojo

Instamojo is a payment gateway service provider in India that offers payment gateway services for websites. They provide a simple and easy-to-use interface for businesses to collect payments online. They offer a range of payment options such as credit cards, debit cards, net banking, UPI and wallets. They also offer features such as instant refunds, easy integration with websites and mobile apps, and detailed analytics.

Instamojo is a popular payment gateway service provider in India that has been around since 2012. They have over 1 million merchants on their platform and have processed over 1 billion dollars in transactions.

One of the key features of Instamojo is their easy-to-use interface. They offer a drag-and-drop interface that allows businesses to create payment links quickly and easily.

Another key feature of Instamojo is their range of payment options. They offer a range of payment options such as credit cards, debit cards, net banking, UPI and wallets.

Instamojo also offers features such as instant refunds, easy integration with websites and mobile apps, and detailed analytics.

In addition to these features, Instamojo also offers a range of tools and resources to help businesses grow. They offer a free online store builder that allows businesses to create an online store quickly and easily.

Overall, Instamojo is a great payment gateway service provider in India that offers a range of features and tools to help businesses collect payments online. If you’re looking for a payment gateway service provider in India, then Instamojo is definitely worth considering.

URL: https://www.instamojo.com/payment-gateway/

• Razorpay: 

Razorpay is a payment gateway service provider in India that offers payment gateway services for websites. They provide a simple and easy-to-use interface for businesses to collect payments online. They offer a range of payment options such as credit cards, debit cards, net banking, UPI and wallets. They also offer features such as instant refunds, easy integration with websites and mobile apps, and detailed analytics.

Razorpay is a popular payment gateway service provider in India that has been around since 2014. They have over 800,000 merchants on their platform and have processed over $50 billion in transactions.

One of the key features of Razorpay is their easy-to-use interface. They offer a drag-and-drop interface that allows businesses to create payment links quickly and easily.

Another key feature of Razorpay is their range of payment options. They offer a range of payment options such as credit cards, debit cards, net banking, UPI and wallets.

Razorpay also offers features such as instant refunds, easy integration with websites and mobile apps, and detailed analytics.

In addition to these features, Razorpay also offers a range of tools and resources to help businesses grow. They offer a free online store builder that allows businesses to create an online store quickly and easily.

Overall, Razorpay is a great payment gateway service provider in India that offers a range of features and tools to help businesses collect payments online. If you’re looking for a payment gateway service provider in India, then Razorpay is definitely worth considering.

URL: https://razorpay.com/payment-gateway/

 

• PayU: 

PayU is a payment gateway service provider in India that offers payment gateway services for websites. They provide a simple and easy-to-use interface for businesses to collect payments online. They offer a range of payment options such as credit cards, debit cards, net banking, UPI and wallets. They also offer features such as instant refunds, easy integration with websites and mobile apps, and detailed analytics.

PayU is a popular payment gateway service provider in India that has been around since 2011. They have over 450,000 merchants on their platform and have processed over 4 billion transactions.

One of the key features of PayU is their easy-to-use interface. They offer a drag-and-drop interface that allows businesses to create payment links quickly and easily.

Another key feature of PayU is their range of payment options. They offer a range of payment options such as credit cards, debit cards, net banking, UPI and wallets.

PayU also offers features such as instant refunds, easy integration with websites and mobile apps, and detailed analytics.

In addition to these features, PayU also offers a range of tools and resources to help businesses grow. They offer a free online store builder that allows businesses to create an online store quickly and easily.

Overall, PayU is a great payment gateway service provider in India that offers a range of features and tools to help businesses collect payments online. If you’re looking for a payment gateway service provider in India, then PayU is definitely worth considering.

URL: https://payu.in/payment-gateway/

You can visit the above URLs to sign up for payment gateway services for your website.