Choose The Best Payment Gateway in India that Works Best for Your Business

payment gateway

In case you are running an online business, it could be quite difficult to choose the right Payment Gateway for your eCommerce store and that is why in this post, you will go through 3 highly popular Payment gateway in India, so let us go through them.

1.     InstaMojo Payment Gateway:

  • InstaMojo Payment Gateway lets the merchants collect online payments with ease with or without a website and the charges of InstaMojo are also quite reasonable. The service charges of this Payment Gateway service include Annual maintenance Charge and Transaction Fee per Transaction: Flat fee @ 2% + Rs 3 per transaction
  • International Payment / Credit card Support is Not supported in addition Multi-Currency Support is also Not supported. Only INR gateway is offered and Withdrawal Fees is Zero
  • Settlement days: 3 days in your connected Bank account and their IVR system clearly says that they are closed over weekends.
  • Supported eCommerce CMS System includes all major ones such as Magento, Prestashop, Opencart etc.
  • Mobile App Integration is not available as of now.

2.     CCAvenue Payment Gateway:

  • It is one of the largest payment gateway India that offers a wide range of payment options. CCAvenue offers 200+ payment options inclusive of 6 credit cards such as Amex, JCB, Diners Club, Mastercard, Visa, and eZeClick. You will also get support for 27 major currency that will enable you to serve customers in some major global markets out of India.
  • It also allows Multilingual payment page in 18 major Indian and international languages and its initial Setup Fee is zero and annual maintenance charge is around Rs.1200.
  • Transaction Fee per Transaction of CCAvenue is;
    1. Domestic Credit & Debit cards on Visa, Mastercard, Maestro RuPay: Flat fee @ 2%
    2. Wallets: Freecharge, Mobikwik, OlaMoney, Jiomoney, Paytm, PayZapp, Jana Cash, SBI Buddy, The
    3. Mobile Wallet: Flat fee @ 2%
    4. IMPS & UPI: Flat fee @ 2%
    5. International Credit Cards on Visa, Mastercard, American Express, JCB and Diners Club: Flat fee @ 3%
    6. Taxes extra as applicable from time to time

3.     Paytm payment Gateway

It has emerged as a leading payment gateway in India due to its online consumer base with ‘Paytm Cash’ wallet. That is why paying with Paytm could be beneficial for a small eCommerce merchant. Different domestic Credit Cards supported by it include Visa, Master, Maestro, Amex, Discover, and Diners.

International Credit Cards supported by Paytm are Visa, Master, Maestro, Amex, Discover, and Diners.

The Pricing of Paytm payment gateway for initial setup is Rs 5000. Waived as of now while annual maintenance Charges: Rs 5000. Waived as of now. For this the minimum Annual Business Requirement us ZERO.

The applicable Fee per Transaction for Paytm is;

  1. Domestic Debit or Credit cards on Visa, Mastercard, Maestro, RuPay: Flat 1.99%
  2. Amex, ezeClick, JCB and Diners: Flat 1.99%
  3. International Credit Cards on Visa, Mastercard: Not supported.
  4. Taxes extra as applicable from time to time

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