Top 10 Payment Gateways for Ecommerce Website In India (2019 Edition)

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When it comes to starting your own online store, picking the right payment gateway can be overwhelming. There are dozens of options available online but all the payment gateways might not perfectly fit your business needs. 

Cashless economies are gradually becoming mainstream. Easy payment methods such as PayPal are available in almost all countries.

I have curated list of the top 10 payment gateways that will help you compare and find the right payment gateway for your ecommerce store

1. PayPal

One of the most popular gateways for ecommerce stores, PayPal is an accepted payment gateway across 200 countries and in 26 different currencies.

  1. F for eCommerce Stores (India):
    1. For Local Payments: 2.5%* + Fixed fee (INR 3)
    1. For International Payments (Up to $3,000 USD): 4.4 % + fixed fee based on the currency
  2. Setup Fees: There are no minimums, no contracts, and no setup fees to start processing transactions.
  3. Maintenance Charges: Zero annual maintenance charges. The maintenance is free.
  4. Withdrawal Fees: You can withdraw money from your PayPal account to your bank account at no cost.
  5. Settlement: You don’t need to wait for days for your settlement. All payments received in your PayPal account will be auto-withdrawn to your preferred bank account on a daily basis.
  6. Payment Acceptance: You can accept PayPal payments in 25 currencies in 202 countries around the globe.
  7. Setup Process: You can instantly set up your PayPal merchant account by verifying your identity using PAN number.

Which eCommerce Stores are using PayPal in India?

Yatra, BookMyShow, Myntra, NetMeds, Dominos Pizza, DailyNinja, EaseMyTrip.  

2. CC Avenue

One of the oldest payment gateways for ecommerce stores in India, CC Avenue is trusted by hundreds of online store owners. Offering 200+ payment choices, CC Avenue accepts major credit cards similar Visa, Amex, Mastercard, Diner’s Club and more.

  1. Initial Setup Fee: Zero
  2. Annual maintenance Charge for a Startup account: Rs 1200
  3. Transaction Fee per Transaction: Variable fee below
  4. Domestic Credit & Debit cards on Visa, Mastercard, Maestro RuPay: Flat fee @ 2%
  5. Wallets: Freecharge, Mobikwik, OlaMoney, Jiomoney, Paytm, PayZapp, Jana Cash, SBI Buddy, The
  6. Mobile Wallet: Flat fee @ 2%
  7. IMPS & UPI: Flat fee @ 2%
  8. International Credit Cards on Visa, Mastercard, American Express, JCB and Diners Club: Flat fee @ 3%
  9. Taxes extra as applicable from time to time

Which eCommerce Stores are using CC Avenue in India?

Make My Trip, Yatra Online Pvt. Ltd., AirAsia, Go Air, Jabong, Myntra, ShopClues, SnapDeal, AICTE and more. 

CC Avenue Transaction Fees
CC Avenue Transaction Fees

3. PayUmoney

PayUmoney is another popular payment gateway solution in India that makes payment secure and easier for online businesses. PayUMoney a subsidiary of PayU India.

  1. Zero initial setup fee.
  2. Zero annual maintenance fee.
  3. A significant range of payment options including credit cards and debit cards from all card associations, UPI payment mode as a default checkout option, 50+ net banking, and popular digital wallets.
  4. Domestic Credit & Debit cards on Visa, Mastercard, Maestro RuPay: Flat fee @ 2% + GST (18%)
  5. Mobile Wallet: Flat fee @ 2% + GST (18%)
  6. IMPS & UPI: Flat fee @ 2% + GST (18%)
  7. Secure with 128 bit SSL encryption and two-factor authentication.
  8. App-ready with mobile SDKs for Android and iOS platforms.
  9. Faster activation time.

Check it out:

Which eCommerce Stores are using PayUMoney in India?

Make My Trip, Yatra Online Pvt. Ltd., AirAsia, Go Air, Jabong, Myntra, ShopClues, SnapDeal, AICTE and more. 

PayuMoney Transaction Fees
PayuMoney Transaction Fees

4.  Razorpay

Only supported in India, Razorpay is the payments solution in India that empowers businesses to process, accept, and disburse payments with its product suite. With Razorpay, you can accept recurring payments, create and share GST compliance invoices and more.

Razor pay offers tow plans: Standard Plan (Startups, Small and Medium Enterprises) and Enterprise Plan (For Large Volumes).

  1. Zero initial setup fee (Standard Plan)
  2. Zero annual maintenance fee (Standard Plan)
  3. Activation Time: Instant
  4. API Driven. Easy Integration.
  5. 100+ modes of payment including Credit/Debit card, Net Banking, UPI and Wallets (including Freecharge, Mobikwik, etc.)
  6. Domestic Transaction Fee: 2% for Domestic Credit & Debit cards on Visa, Mastercard, Maestro RuPay
  7. Mobile Wallet: 2%
  8. IMPS & UPI: 2%
  9. International Cards, Diners, Amex Cards and EMI: Flat fee @ 3%
  10. The dashboard offers real-time data and insights
  11. Razorpay also provides access to all payment modes including JioMoney, Ola Money, Airtel Money, Mobikwik, FreeCharge, and PayZapp.

Which eCommerce Stores are using Razorpay in India?

IRCTC, Swiggy, Zomato, Licious, Quickr, Treebo, Goibibo, Nykka, Pizza Hut, Urban Clap, Grofers, jaypore, Rento Mojo, Zeffo and more. 

RazorPay Transaction Fees
RazorPay Transaction Fees

5. Instamojo

One of the fastest growing payment platform, Instamojo is a full-stack transactional platform that supports all the leading payment modes for merchants in India. Instamojo also offers detailed Payment analytics to help you monitor and track your payments and sales in real time.

  1. Initial setup fee: Zero.
  2. Annual maintenance fee: Zero
  3. Transaction Fee: Flat 2% + INR 3 across credit cards, debit cards, and net banking
  4. International Cards and American Express Cards: On request
  5. Digital Products hosted on Instamojo – 5% + INR 3
  6. Wallets including MobiKwik, Ola Money, FreeCharge, Jio Money: 2% + INR 3
  7. Accept All Payment Modes including Debit Card, Credit Card, Net banking, UPI, Wallets, and NEFT, RTGS, and Bank Transfer
  8. Encrypted and Safe PCI-DSS Compliant Payments
  9. Customer Support: Available on Weekdays. Closed over Weekends.
  10. Settlement: 3 days in your Bank account (connected).

Which eCommerce Stores are using Instamojo in India?

The Wire, Swimming Academy, InsightsIAS, Saffron Stays, Vagabond Experiences, LegalWiz and more.

Instamojo Transaction Fees
Instamojo Transaction Fees

6. EBS

The first online payment service provider of India to attain the PCI DSS 3.0 standards of compliance, EBS (E-Billing Solutions) is one of the most secured online service suppliers in the world. It is additionally certified by security adherence; followed and audited by ISO 27001- 2013 standard.

Below are the service charges of EBS payment:

  1. Initial Setup Fee: One-time fee is paid when you sign-up for a payment gateway.
  2. Annual maintenance Charge: 1st year AMC will be waived off and INR 1200 will be applicable from the 2nd year
  3. Transaction Fee: Charges apply depending on the package you select: Starter and Premium.
  4. Domestic Credit Cards (Visa, MasterCard), Domestic Debit Cards (Visa, MasterCard, RuPay, Maestro): Flat Fee @ 2.00%
  5. Net Banking (40+ Banks): Flat Fee @ 2.00%
  6. UPI option not available (As of now)
  7. No extra charges for EMI’s of Kotak Bank, Axis Bank, HDFC Bank; For other Banks an additional TDR of 0.3% is applicable.
  8. International Payment / Credit card Support including American Express, Visa, Master Card, JCB & Diners cards issued around the world.
  9. Multi-Currency Support: Supports 11 major foreign currencies (Indian Rupee, American Dollar, British Pound, Euro, Arab Emirates Dinar, Qatari Rial, Omani Rial, Canadian Dollar, Hong Kong Dollar, Singapore Dollar and Australian Dollar.
  10. No Withdrawal Fees
  11. Settlement days: Within 2-3 days.
  12. Customer Support: Available on Weekdays. Closed over weekends.
  13. Documentation required: Yes.
  14. Merchant can go live from day 1 of online activation
  15. Mobile App Integration

Check it out:

Which eCommerce Stores are using EBS in India?

Policy Bazaar, Bharati Vidya Peeth, IndiaFlower, GiftsToIndia24x7, Sikkim Tourism and more.

EBS Transaction Fees
EBS Transaction Fees

7. DirecPay

One of the largest payment gateway service providers in India, DirecPay is a one-stop payment solution for Indian merchants who want to accept payments online and securely.

  1. Below are the numerous charges of Direct Pay:
  2. Annual maintenance Charge: Zero.
  3. Transaction Fee: Variable
  4. Domestic Credit and Debit cards on Visa, Maestro, Mastercard, RuPay: Flat fee @ 2%
  5. Wallets: Flat fee @ 2%
  6. NEFT, Cash cards, IMPS and UPI: Flat Fee @ 2%
  7. Amex, ezeClick, JCB and Diners: Flat Fee @ 3%
  8. Extra taxes as applicable from time to time
  9. International Payment / Credit card Support: Supported with an additional refundable security deposit of INR 30000.
  10. Multi-Currency Support: US$ is supported for merchants with International Payment Gateway activation.
  11. Withdrawal Fees: Zero
  12. Settlement days: Settlement in T + 2 days ( T = Transaction day )
  13. Customer Support: Available over weekdays. Closed over Weekends.
  14. No of Days to start transaction: 5 to 7 days
  15. Mobile App Integration: Android and iOS.

Check it out:

DirecPay Transaction Fees
DirecPay Transaction Fees

8. Cashfree

One of the most merchant-friendly payment gateway, Cashfree offers easy-to-use payment UI and charges the lowest per transaction fee in India.

  1. Below are charges of Cashfree:
  2. Annual maintenance Charge: Custom, negotiable.
  3. Transaction Fee: Custom, negotiable.
  4. Key Features of Mobikwik are:
  5. International Payment / Credit card Support: All Indian & International Mastercards, VISA, Discover & Diner’s cards acceptable.
  6. Multi-Currency Support: No
  7. Withdrawal Fees: Zero
  8. Settlement days:T+2 days
  9. Customer Support: Customer support always seems to be busy.
  10. Documentation required: New merchant accounts need to provide extensive documentation.
  11. No of Days to start transaction:
  12. Supports eCommerce CMS Systems
  13. Mobile App Integration: Android, Windows and iOS.

Check it out:

Which eCommerce Stores are using Cashfree in India?

Zomato, CRED, Xiaomi, Dunzo, Milaap, Furlenco, Profit Books and more

Cashfree Transaction Fees
Cashfree Transaction Fees

9. MobiKwik

MobiKwik Payment Gateway accepts payments through widespread Net Banking, Wallets, EMI, UPI, and almost all Indian and international MasterCard, Visa, Diners card, Discover, American Express.

  1. Their charge are:
  2. Annual maintenance Charge: Custom, negotiable.
  3. Transaction Fee per Transaction: Custom, negotiable.
  4. International Payment / Credit card Support: All Domestic & International VISA, Mastercards, Discover & Diner’s cards acceptable.
  5. Multi-Currency Support: No
  6. Settlement days:T+2 days
  7. Withdrawal Fees: Zero
  8. Customer Support: Mostly Busy.
  9. Mobile App Integration

Which eCommerce Stores are using MobiKwik in India?

Uber, Zomato, Domino’s, Blue Dart, EaseMy Trip and more.

Check it out:

MobiKwik Transaction Fees
MobiKwik Transaction Fees

10. FonePaisa

A provider of interoperable payment solutions, FonePaisa is a reliable platform, bringing the worlds of mobile and payments together. It offers significant range of unique features including sending SMS / Email/ In-App notifications where customers are empowered to pay and review invoices online/in- app from any device.

  1. Annual maintenance Charges: Negotiable
  2. Transaction Fee per Transaction:
  3. Indian cards – Flat Fee @ 2%
  4. International – Flat Fee @ 3.5%
  5. American Express – Flat Fee @ 3.5%
  6. Net Banking – Flat Fee 2%
  7. UPI- Flat Fee @ 0.7%
  8. Wallets – Flat Fee @ 2%
  9. Setup Fee:  Negotiable
  10. Supports widest payment choices including all wallets and UPI, Subscription Payments, Scan and Pay and more
  11. International Payment / Credit card Support:  Yes
  12. Multi-Currency Support: Yes
  13. Settlement days: T+2 business days
  14. Withdrawal Fees: None
  15. Customer Support options: Email, WhatsApp, Phone call
  16. No of Days to start the transaction: 2 business days
  17. Supports eCommerce CMS System
  18. Mobile App Integration:  iOS and Android

Check it out:

Which eCommerce Stores are using FonePaisa in India?

TTK Prestige India,, Bangalore Golf Club, Ahmed Esquire Clothing, Koel’s Pizzeria, KanvaMart Retail, IRCA private Limited and more.

FonePaisa Transaction Fees
FonePaisa Transaction Fees
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