10 Best Payment Gateways in India For eCommerce (2023)

It seems like you are looking for a payment gateway that will solve your business and integration needs. For that, we have rounded up the best payment gateways in India for both personal and e-commerce businesses.

Payment gateways are helpful for both brick-and-mortar and online merchants to provide their clients with highly secure modes of payment such as UPI, Wallets, and Cards (Credit and Debit).

Nowadays as technology booms, it has opened up several new and more secure payment options and payment gateways which are of utmost importance for businesses to grow in tough times.

In India, online shopping is at its peak as more numbers of shoppers are preferring online shopping over window shopping and paying cash on delivery. As per the data from McKinsey, Millenials, and Gen Z together have a buying power of over $350 billion.

Moreover, Gen Z alone accounts for around 42% of Indian customers, raising the requirement for sellers to fulfill their demands.

We analyzed over a dozen payment gateways in India for this review, based on 15 factors such as security, fees, integrations, support, payment types, ease of setup, settlement types, platforms supported, and many more. Here are our best picks.

Top 10 Payment Gateways in India with No Setup Fee

Payment Gateway	Settlement Time	Setup Fee + Annual Charges
PayU	T+2 Days	Zero + Zero
CCAvenue	Weekly	Zero + Rs. 1,200 (2nd Year)
Razorpay	T+1 Day	Zero + Zero
Instamojo	T+3 Days	Zero + Zero
Cashfree	T+1 Day	Zero + Zero
PayPal	T+1 Day	Zero + Zero
Paytm	Real Time	Zero + Zero
DirecPay	T+2 Days	Zero + Zero
NTT Data Payment	T+2 Days	Rs. 15,000 + Zero

Best Payment Gateways in India

Here are the best payment gateways in India for online sellers and personal use.

1. PayU Payment Gateway

Founded in 2006, PayU is one of the leading payment gateway providers that operate globally. Currently, it provides services to over 450,000+ online merchants and empowers billions of people worldwide.

We selected it as the best overall since this company provides 200+ easy-to-setup and highly secure payment methods suitable for both merchants and customers.

Since it’s been around for a decade, PayU has partnerships with all the major merchant account providers allowing sellers to accept payments from credit cards, debit cards, and digital payments.

What makes PayU a great platform is that it is easy to set up, secure, and use, which makes it a wonderful choice for new merchants as well as experienced users.

Fees and Settlement Period

• Setup is completely free and has no annual charges.
• Service Fee of 2% of the transaction value
• GST of 18% on the total Service Fee
• International Transactions – 3%
• EMI Transactions – 3%
• Settlement time for PayU Money is 2 Business Days i.e. T + 2 days.

Platforms Supported

1. PayU Website Integration – WordPress, WooCommerce, Wix, Jimdo, Joomla, Shopify, BigCommerce, and so on.
2. App – Easy Integration for Android, iOS, Windows, and BlackBerry Apps. Get SDK
3. Offline – QR Codes, Excel Plugins
4. Social Media Integration

Best Features

1. Accepting 100+ Foreign Currencies.
2. Real-Time Payment monitoring for a higher success rate.
3. User Interface to give a personal touch to product and checkout pages.
4. Single Merchant Dashboard to manage the business on a single platform.
5. Integration Guide and Documentation for complete integration help.
6. 24×7 support keeps you focused on your business.

Some of the leading companies like Netflix, goibibo.com, Airbnb, CRED, redBus, book my show, OLA, ixigo, Byju’s, and Dream11 are the loyal and most trusted customers of PayU.

2. Razorpay Payment Gateway

Created in 2014 by IIT Alumni, Razorpay is another popular name among the best payment gateway in India. The Razorpay International payment gateway can be integrated without any additional charges.

Payment methods like domestic and international credit cards and debit cards, EMI, Net banking from 58 banks, UPI, and 8 mobile wallets are supported by Razorpay.

Fees and Settlement Time

1. No setup fee and no annual charges with instant activation.
2. First 3 months no transaction fee up to Rs. 3,00,000/-
3. Post 3 months – 2% on Net Banking, UPI, Debit / Credit Card, Wallets
4. Diners Club, American Express, Corporate Credit Cards – 3%
5. Additional GST of 18% on Fee.
6. T+1 day (Next Day) for settlements.

Platforms Supported

1. Complete Website Integration with API-driven Automation
2. App – Easy Integration for Android and iOS apps

Best Features

1. Best payment gateways in India for Unregistered Businesses.
2. PCI DSS and ISO: 27001 compliant.
3. Manage your marketplace with Razorpay.
4. Supports Promotional offers that can be made on your website.
5. Products – Razorpay Payments, RazorpayX, Razorpay Capital
6. Split Payments using routing payouts to Vendors and Individual Accounts.
7. Smart Collect – Instant Virtual Accounts at Zero Cost.

Razorpay has also built a network of its most trusted customers that include Grofers, Goibibo, BookMyShow, Airtel, Aditya Birla Capital, Zomato, Zoho, and IRCTC.

3. Paytm Payment Gateway

Paytm is one of the best payment gateways in India that is known for its trustworthiness and security. Without being merchants, most Indians have started using Paytm to make payments across all platforms, right from paying utility bills to buying gold.

Therefore, it comes as no surprise that Paytm has gained popularity for business purposes too. Popular names utilizing Paytm Business are Uber, Zomato, Adani, Jio, Swiggy, OYO, and Big Basket.

Fees and Settlement Time

1. No setup fee and no annual charges.
2. UPI – 0%
3. Debit & Credit Card – 0%
4. Netbanking – 0%
5. International Transactions – 2.8%
6. GST of 18% on International Transactions
7. Real-Time one-day Bank Settlement.

Platforms Supported

1. Website Integration – E-commerce plugins for all platforms including major Shopify and WooCommerce, JS Checkout for API
2. App – Easy Integration for Android and iOS apps. Check Paytm all-in-one SDK.

Best Features

1. Pre-authorization – Hold customer payments for 7 days to refund customers if they initiated a return request.
2. Smart Dynamic Routing eliminates the changes of transaction failures.
3. Access to 250 Million+ Saved Cards for faster checkout.
4. Bank Offers to increase conversions
5. Small Medium Business and Enterprise Plans are available with lesser transaction fees.
6. Migration Assistance
7. Additional Services – Invoice, GST Portal Integration, Payment Links, and Subscriptions free of cost.
8. Domino’s Pizza, Big Basket, and Idea have enabled the One Tap Auto Debit feature of Paytm Payment Gateway.

4. CCAvenue Payment Gateway

Launched in 2013, CCAvenue is the most recommended payment gateway with more than 200 payment options available with massive attention to detail on technology and development. CCAvenue is South Asia’s largest payment gateway and is perfect for both small and large-scale businesses.

We chose it as our runner-up as it provides multiple currency processing with iFrame integration, mobile payments, and smart dynamic routing. What makes this ideal for new sellers is the ease of use irrespective of any device or platform such as mobile, web, social media, email, SMS, and offline media.

Moreover, it offers several integration plugins, marketing tools, and smart analytics, with 24×7 superb customer support. You can integrate CCAvenue into your website. Learn how to integrate using a Plugin or PHP.

Fees and Settlement Time

1. Free for the 1st year and after that INR 1200/- per financial year.
2. For UPI Payments and Rupay Debit Card – 0%
3. Wallet Payment – 2%
4. International Credit / Debit Card excluding American Express / Amex EMI – 3%
5. Multi-Currency Transactions – 4.99%
6. The settlement time for CCAvenue Payment Gateway is 1 Week. Faster T+1 day settlement option available for nominal charges.

Platforms Supported

1. Website Integration – WordPress, WooCommerce, Wix, Jimdo, Joomla, Shopify, BigCommerce.
2. App – Easy Integration for Android, iOS, Windows, and BlackBerry Apps.
3. Phone / Email / SMS – Accept transactions on Call, Email, and SMS.
4. Offline – QR Codes
5. Social Media Integration – Get Paid from YouTube, Instagram…

Best Features

1. Accepting 27 Foreign Currencies
2. Multilingual Checkout Pages
3. Checkout Page Customizations
4. An extra layer for Payment Data Storage for Faster Checkout.
5. Best in Payment Retry System.
6. integrated iFrame and PCI DSS v3.2.1 for direct and faster checkout.
7. Offers discounts and promotions to your prospective customers.
8. 24x7x365 support

5. Instamojo Payment Gateway

Started in 2012, it has quickly gained popularity for its user-friendly payment solutions. Instamojo is a multi-channel payment gateway for India and it has already catered to thousands of customers. Instamojo is one of the fast-growing names among the best payment gateways in India.

Fees and Settlement Time

1. No setup fee and no annual charges.
2. Service Fee of 2% per transaction
3. Extra Rs. 3 on every transaction
4. GST of 18% on Service Fee
5. International Transactions – 3% (Available on Request)
6. No Chages on NEFT, RTGS transactions
7. T+3 days for Instamojo settlements.

Example: For the payment of Rs. 1000, you will get Rs. 972.86 in your bank account. Service Charge – Rs. 20 + Fixed Fee – Rs. 3 + GST on Rs. 23 – Rs. 4.14/- = Rs. 27.14/-

Platforms Supported

1. Website Integration – WordPress, WooCommerce, Drupal, Magento, Opencart, Ionic SDK
2. App – Easy Integration for Android and iOS apps.
3. QR codes and payment links

Best Features

1. Products to support business: MojoCommerce, MojoXpress, MojoCapital, MojoPayments
2. Free Online Store to sell products
3. MojoXpress integration to enable logistics services to 26,000 pin codes.
4. Instamojo powers 10% of all the digitally active MSMEs in India
5. Instamojo powers 10% of all the digitally active Micro, Small, and Medium Enterprises in India.
6. Products to support business: MojoCommerce, MojoXpress, MojoCapital, MojoPayments
7. Free Online Store to sell products
8. MojoXpress integration to enable logistics services to 26,000 pin codes.

6. Cashfree Payment Gateway

Established in 2015, Cashfree is a complete toolkit for payments in India. Other than Payment Gateways, it also provides services like Payouts, Auto Collect, and Marketplace Settlements in India.

Fees and Settlement Time

1. No setup fee and no annual charges.
2. Net Banking – 1.75%
3. Wallets – 1.75%
4. Debit & Credit Cards – 1.75%
5. UPI – 1.75%
6. Pay Later – 2.5%
7. International Cards – 3.5% plus Rs. 7 Fixed Charge Per Transaction
8. Diners Club and American Express – 2.95%
9. T+1 day (Next Day) for settlements.

Platforms Supported

1. Website Integration – Shopify, WooCommerce, Magento, and Opencart. Check Documentation
2. App – Easy Integration for Android and iOS apps.

Best Features

1. Instant Refund
2. One-Day Settlement Cycle
3. Analytics to drive payments data to increase business
4. Clientele includes Big Basket, Medlife, Zomato, ZoomCar, BookMyShow
5. Subscription models like e-mandate and UPI Auto Pay accept regular payment.
6. Generate Invoices using Cashfree

7. PayPal Payment Gateway

Founded in 1998 as Confinity, PayPal had its initial public offering in 2002. Low rates and incremental sales are the two features that set PayPal apart from the other payment gateways in India.

There are no cancellation fees, monthly minimum charges, or any other hidden fees. The transaction fees are just $0.10 per transaction.

Paypal is one of the best payment gateways in India to accept foreign payments. You can also integrate Stripe Payment using WordPress and Gravity Forms.

Fees and Settlement Time

1. PayPal has no setup fee or annual charges.
2. Within India, the transaction fee is 2.5%
3. Rs. 3/- as Fixed Fee (India)
4. Outside India transactions for 4.40%
5. Fixed Fee Currency Wise (Outside India)
6. T+1 day (Next Day) for settlements.

Platforms Supported

1. Website Integration – Best for website integration on all platforms
2. App – Easy Integration for Android and iOS apps.

Best Features

1. 100+ Global Currency accepted
2. Best in Integration and Support
3. Faster Settlements
4. Easy Documentation and same-time activation
5. Electronic Clickable Invoice to receive payments
6. Automatic payment reminder
7. Udemy, Alt Balaji, and Ganna are some of the clients of PayPal
8. 2 Products of Payment Gateway – Payflow Link and Payflow Pro. Payflow Pro is available for $25 per month.

8. NTT Data Payment Services

The main aim of NTT Data Payment Services (Past – Atom Paynetz) is to help merchants accelerate their businesses with seamless payment solutions. It is an end-to-end payment services provider which offers a range of payment services and solutions on both online and offline modes.

That’s keeping it on the list of the 10 best payment gateways in India. The network of some of the big names who have integrated NTT Data includes the Airports Authority of India, IRCTC, Angel Broking, BSNL, Lufthansa, Shoppers Stop, Tata Sky, and HDFC Ergo.

Charges and Settlement Time

1. One-Time Integration Charges – Rs. 15,000/-
2. Annual Software Upgradation Charges – ZERO
3. Domestic Credit Cards – 1.99% + Fixed Fee of Rs. 3.0
4. Debit Cards – 0.9%
5. Net Banking – 1.99% + Rs. 3 Fixed Fee
6. Wallets – 2.2%
7. EMI as per request
8. International Credit Cards – 3.95%
9. T+2 days (Second Day) for settlements.

Platforms Supported

1. Complete Integration Solution
2. Android, SWIFT, Objective C, and XAMRIN for mobile apps

Best Features

1. Payment Retry in case of transaction failure.
2. Highly customizable checkout pages.
3. Customizable merchant console
4. PCI DSS v 3.2 compliance and 256-bit encryption ensure a safe transaction.
5. Tie-up with IRCTC for train bookings through International Cards.
6. Reseller Program to enable reselling on your platform.

9. DirecPay Payment Gateway

DirecPay is one of the best payment gateways in India that has been authentically tailor-made to suit the needs of Indian merchants. The gateway accepts payments in all major cards like Visa, MasterCard, Maestro, Diners Club, American Express, and RuPay. Payments can also be made using Net Banking, Mobile Wallets, and UPI IDs.

Some of the big names that are the loyal and trusted customers of DirecPay are Google India, Policy Bazaar, Rediff.com, India Times, Akbar Travels, and 100best Buy.

Fees and Settlement Time

1. The annual Maintenance Charge and Setup Fee are Zero.
2. Net Banking, IMPS, NEFT – 2%
3. Wallets – 2%
4. Debit & Credit Cards – 2%
5. UPI – 2%
6. International Cards – 3%
7. GST of 18% extra on Fees
8. Settlement Time is T + 2 days

Platforms Supported

1. Website Integration
2. Android & iOS App Integration

Best Features

1. Real-Time Alerts for technical errors like Integration Failure and dropped transactions.
2. Highly Customized User Interface for Cart and Checkout Pages.
3. Specialized team to support business growth.
4. Domain and Hosting Service
5. Automated Payment Reconciliation
6. Risk & Fraud Management
7. Real-Time MIS

Wrapping up on Best Payment Gateways in India

The best payment gateways in India mentioned in this article are highly recommended by the big e-commerce websites and applications of the Industry.

I provided every set of information that is a deciding factor for choosing the best payment gateway. Also, all required data is collected from respective websites. Now, you can easily decide your payment gateway among the best payment gateways in India.