Comparison of online Payment gateways in India

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Hey, I have an E-commerce attribute in my website, what payment gateway should I use??
How can I avail online money transfer securely from my customers??

These are the very first questions which arrive in the mind of a new entrepreneur.

E-Commerce field is developing as the burning trend among the young entrepreneurs. The success of Flipkart.com and the other e-commerce websites have carved a story for all of us. But when money factor is involved, there is a risk. According to the statistics of irctc.co.in (the biggest E-commerce site) on their site on an average 2.5 million transactions fail.So one must be careful while choosing gateway for their website.
In the E-commerce site one has to consider the following factors for their payment gateway..
1) Easy transaction for your customer.
2) Less commission.
3) Availability of many payment options.
4) Easy integration.
5) Refund and cash back policies.

If we look around for the payment gateways we have the following giants ICICI Bank, CITI Bank , PAYPAL, CC AVENUE, EBS, Direct Pay, Transecute etc. If we talk about Cost almost each gateway costs some installation cost along with commission on each transaction. The transaction cost is some where between 4-7% of the transaction amount but on higher volume one may negotiate with them.
Before choosing a gateway always see that what are the options, they are providing for transaction. The main criteria is that do they provide off-hour support if you trap in any problem??
For instance,according to IRCTC only 53% of the transactions using the HDFC gateway completed successfully while ICICI gateway handled 17% of all the transactions that were done on the IRCTC website. The data also provides great insight into what are some of the main banks / debit cards being used by customers. For instance, 8.10% of all net banking transactions were attempted by ICICI customers while only 0.32% of all transactions were done by Bank of India customers.(source)
Based on the usage and reviews on various blogs and websites it is recommended to use CCavenue for your payment gateway.As their integration is easy and its very easy to get the needed information on the CCavenue.CCavenue provides a wide range of payment options…

 

Disclaimer: The views about the topic is Author’s own view. Readers are expected to perform their due diligence on their part.

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Comparison of Online Payment Gateways in India
Gate-
way
One
Time
Setup
Fee
Trans-
action
costs
(Credit /
Debit
Cards)
Transac-
tion
Cost
(Net –
banking)
Annual
Mainte-
nance
Cost(AMC)
Credit-
Cards
supported
Banks
Supported
Remarks:
CC-
AVenue
7500 7% 4% 1200 Visa,
Master-
Card,
Amrican
Express,
Diners
JCB
HDFC,
ICICI,
UTI,
IDBI,
CBoP,
Citibank
BoB,
BoI
etc
-Mobile
Pay
-24 hour
settlement
directly
into
your
bank
acc.
Direc-
Pay
10,000 6.5% 6% 2400 Visa,
Master-
Card,
Diners
28 banks
(net
banking)

51 banks
(Debit
Card)
Mobile
Payment
also
available
PayZippy (Flipkart Payment Gateway) Zero For debit cards = 0.75% to 1%, for Credit cards = 2.5% to 3.5% (with customization option for 1cr+) Not yet started Zero Master Card, Visa, Maestro Net Banking, not yet started The name
of
flipkart
make it
reliable
ICICI 30,000 3-4%   Nil Visa,
Master
-Card
  Not
Recom-
mended
by
various
blogs
HDFC
Bank
50,000 3.5-6%   12000 Visa,
Master-
Card
  Offering
99.99%
uptime
India-
Pay
6,000 5%   3600 Visa,
Master-
Card,
AmEx,
Diners,
JCB,
Discover
Major
banks
(debit-
card only)
Connect-
ivity to
Internat-
ional
Banks
Trans-
ecute
Nil 5%   Nil Master
Visa
None Typical
Integrat-
ion
Time
1 hour
Epaym
ents
Global
9,990 7%   2700      
Axis
Bank
6,000 6% 6% 2400 Visa
Master
Card,
Diners
Axis
HDFC,
Citibank
ICICI,
J &K,
Federal-
Bank
Currently,
there
are
1300
merchants
availing
Axis Bank
‘s
Internet
Payment
Gateway
facility
Pay
signet
3000 5% 4% 1500 JCB,
Master
,Visa
,AmEx
ICICI,
HDFC,
UTI
,IDBI
IndusInd
 
Cell
Pay
15,000 4.5% 4.5% 2500 Visa,
Master,
Cashcards
Major
banks
 
PayU 6000 5.4% 5.4% 2400 Visa
Master
Net-
banking,
Credit
– cards,EMI
9 Major
banks
Leading
Players
like Tradus
and
Timtara
using
this
HSBC 60,000 2.75% No
support
0 Visa
Master
Only
credit
– card/
debit
cards &
companies
with 2
years
existence
 
Atom
Tech
20,000 3% 3% 5000 Visa
Master
AMEX,
Diners,
HCB
etc
SBI,
HDFC,
ICICI
( total
23 banks)
&nbsp
City
Bank
Only for High transactions( > Rs. 50 lacs) Only
Diners/
Master/
Visa
Credit
& Debit
Cards
None &nbsp
Bank
Of
Baroda
15,000 4% 2500 Visa
Master
Not
suppo-
rted
Baroda
easy Pays
Service
are free
of charge
WhizPay 30000 3.5% 3.5%   Visa
Master
Major
banks
&nbsp
Tech
Process
30,000 2.5% 2.5% 5000 Master,
Visa,
Diners

27
banks

&nbsp

Read our other articles on Payment Gateways.

http://techaloo.com/payment-gateways/
http://techaloo.com/payment-gateway/
http://techaloo.com/various-payment-gateway-present-in-india/
http://techaloo.com/payment-gateway-2/

For more details on E-commerce Visit:
http://techaloo.com/what-and-how-e-commerce-in-india/

To read complete report of IRCTC payment options and their transaction chareges:
http://techaloo.com/irctc-payment-statistics/

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

31 Comments

  1. I need help about payment gateway.
    please help me..

  2. Sandipan Paul says:

    Hi, I need a payment gateway for my new online technical support business in India.I need a payment processing solution so that I can start receiving online payments from my U.S & Canadian customers.Note: I am not looking to pay for any upfront setup fee.Thanks

  3. Akash Verma says:

    I am with EBS payment gateway from last 6 months and too much happy with 0 complaints from my customers. EBS technical team is also always available for any queries from my side.

  4. Euro Consultant says:

    International Payment Gateway for all type of business

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    1. new company
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  5. This comparison chart of all the payment gateways available in India is very much helpful. It will give a user a good idea about how different gateways charge them on various transactions. Thanks a lot for sharing this.

  6. virns says:

    Hi there, Do you have any needs on Payment Service Provider / Payment Gateway for your business?
    With multi currency options available. INR, USD, SGD etc…
    Please contact me. Email: arti.malhotra@asiapay.com / Tel :- 022 28266993 ext 207

  7. abhishek says:

    Guys,
    Please don’t take CCavenue as payment gateway. they are worst across industry, they will trap you with free payment gateway and will ask you for multiple of documents before they will release your payout. if you are looking for Hassle free service , pay and get the paid option from any other service provider.

  8. len says:

    is there anything in making the gateway which can put me into any kind of trouble or risk?like what will be disadvantages of making a payment gateway for u s tech process?

  9. mon says:

    I need a payment gateway for my tech support business . Please help me contact me on +91 9819171484

  10. Harish says:

    You can contact iPistis company, this company is providing Modules and Plugins as well as all type payment integration services. Visit: http://www.ipistis.com/payment-gateway-integration/

  11. James says:

    Hi ,

    We are a online travel startup looking for a merchant account and a payment gateway. Can anyone suggest a good option for both indian and international travel . We are looking for our own MID with less set up costs.

  12. P.K.yadav says:

    Can any one tell me i am providing technical suppor in USA and Canada..

    Can anyone suggest me that which payment gateway will be the best one, would be off great help..

  13. Shohrat Karimi says:

    Dear All,

    We are offering Online payment Gateway Solution for new start-up as well.

    Please feel free to call.

    Regards
    Shohrat A Karimi
    HSBC- Global Payments Asia Pacific.
    Mob: +91 9372455483, +91 9594956039

  14. Hi

    Happy news

    Anybody required payment gateway for Indian bank setup for high risk or low risk or outsourced

    Can contact : rswebcom@gmail.com , M 91 8674896249

  15. Sanjay says:

    Anyone required payment gateway please call +91 9711450125.Easy documentation for new setup and low volume merchants

  16. Nancy Patil says:

    For Indian Startups I will suggest fethr, Zaakpay or best Citruspay.

    – All of them have lesser than 3% transaction fee.
    – Almost no (or minimal) setup fee.
    – No AMC.
    – Good customer and technical support.

    Some more points to consider..
    – Zaakpay has 2 steps payment process.
    – Citrus has one step payment process.
    – Zaakpay as well as Citrus have Mobile payment options.
    – Fethr is a startup.

    – Nancy
    Working at http://Socktail.com (Find All Stores at One Place)

  17. Sandy says:

    I am looking for payment gateway but still confused which one is best?
    I have a question can anyone help me please…we are working for one application, which is being used by multiple organisations ofcourse all organisations will have their own bank accounts. Now, my question is that How payment gateway works with multiple bank accounts ? suppose our application is used by 1000 organisations and every organisation has different bank account. please explain me how this works?

  18. Anish says:

    You can try out fethr -( http://www.fethr.com ) . fethr lets any merchant start accepting payments in less than 3 days all you need to do is register on fethr ,submit the online activation form and choose your payment app & start accepting payments.  fethr currently supports all major Master & Visa credit and debitcards and netbanking of 8 major banks. Disclaimer : I am the part of the fethr team

  19. kshitij says:

    dear manthan ,humble suggestion you can try out with zaakpay payment gateway simplifying e-payments in indiahttps://www.zaakpay.com/contact@zaakpay.com

  20. kshitij says:

    hey ,zaakpay payment gateway could be the solution of all e-payments ,as it is one of the swiftest and fastest payment solution  offering the lowest TDR , set up cost with highest net banking options in India .for better deals you can email me kshitij@zaakpay.comhttps://www.zaakpay.com/

  21. Rav says:

    Dear Manoj, for payment gateway(individuals) u can checkout for PayPaisa (www.payupaisa.com) & for Reseller Hosting plans for best prices u can mail me on ravi@hostingraja.in

  22. Manoj says:

    hey i need a payment gateway for my reseller hosting services………i am an individual not own any company……suggest payment gateways in india which accept individuals……..with no setup fees

  23. Mighty says:

    Payzippy’s merchant offer is mouth watering, however, it’s only for companies with business entity, not for individuals. Rest of the providers aren’t even close with payzippy’s pricing.For info checkout their FAQ page:https://www.payzippy.com/faqs If they allow individuals too, it would become India’s top and best payment gateway provider -I bet!

  24. muralikrishna says:

    hey haran you can consult federal bank payment gateway.its giving quality service

  25. Steve says:

    Hey Haran, Let us connect.  I will help you.

  26. haaraan says:

    hi i need a payment gateway for tech support please help me.or suggest me. but it should be genuine

    • Santosh B R says:

      we have good service & better price all the option
      IPG
      IVR
      NET BANKING
      IMPS
      SI
      EMI
      CRIDET CARD
      AMEX

      This are service are having please replay back that email id

  27. Manthan says:

    We have been using CCavenue at Oshopindia. We are satisfied with their services. 

  28. Sagar says:

    Hi, I need a payment gateway for my new online tech support business in India.I need a payment processing solution so that I can start receiving online payments from my U.S & Canadian customers.Note: I am not looking to pay for any upfront setup fee.Thanks

  29. Merchant Relief Services can provide necessary merchant services to you. Offering the folling merchant services at competitive rates that can save you money. Bank Card Consulting, Merchant Cash Advance, Direct Leads, Charge Back Management Services, High Risk Merchant Services, Rate Reduction Analysis, Ach Check Services, Fraud Pervention, SSL Certificates Services and more.

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