For any online businesses, one thing you just cannot ignore is “THE PAYMENT GATEWAY”. However, the positive point is that India already hosts several companies where the payment gateway comes with a zero setup cost.
Now you must be thinking how to decide which payment gateway in India would be the best for your business.
How to choose the best payment gateway for your business?
A payment gateway is basically a medium between a user’s bank and merchant’s website. Whenever any purchaser puts his/her card details into the site for making the payment, it redirects to the payment gateway where the details get verified with the bank for authenticity purpose and finally the payment gets transferred to the merchant’s bank.
Check out below the list of best payment gateways in India 2018.
1. Citrus Pay Payment Gateway
Citrus pay is the most popular payment gateways in India. It is compatible with almost all types of online payment options and cards such as Mastercard, Visa, American Express and much more. The process used in this gateway is completely secure and fast. Due to the affordable setup fee and low charges, this particular payment gateway is the most preferable option for small businesses.
2. CCAvenue Payment Gateway
CCAvenue is one more famous payment gateway which offers several payment options to the user for making payments. It also supports credit cards such as Visa, Diners Club, Mastercard, Eze Click, etc. The payment gateway page of CCAvenue can be seen in 18 variety of national and international languages. This particular gateway also admits payment in 27 various currencies.
3. PayU Biz Payment Gateway
Formerly termed as PayU, PayU Biz is another payment gateway that permits the merchant to receive and deal with their online payments. It enables you to receive payment in 13 various currencies and manages digital banking of some of the biggest banks of our country. In fact, PayU Biz can be one of the best payment gateways for customers who are mostly using with mobile.
4. Direc Pay Payment Gateway
Direc Pay is a versatile payment gateway designed to accept any kind of debit/credit cards. It also supports net banking payments. This unique payment gateway is not only secure but also enables the user to pay in various currencies.
5. Zaakpay Payment Gateway
Another spectacular payment gateway is Zaakpay. It accepts international as well as Indian MasterCard credit cards, Discover, Visa credit cards, and Diner credit cards. From the security point of view, Zaakpay is an ideal portal where payments can be easily made through a few clicks.
6. PayUMoney Payment Gateway
PayUMoney is one of the easiest methods of paying online. Being a part of the Naspers group, this payment gateway serves 5000+ merchants in the country. It acts as a safe portal for users both in aspects of making as well as receiving payments.
7. Bill Desk Payment Gateway
Bill Desk is a prominent payment gateway that enables users to make payments and collect all their bills in one platform. Various Indian banks are linked with this popular gateway in order to make the process of payment easy, fast and secure. Through Bill Desk, users can determine when and how to make payments. They can in fact also set alerts or reminders on payment.
8. Instamojo Payment Gateway
Instamojo is one among the best payment gateways used for buying tickets, goods, digital files, music, videos, services, etc. This popular gateway offers you a safe and secure platform to make transactions.
Epaisa allows the merchant to get payment and at the same time manage the account online. This payment gateway is not only fast but also secure for all kinds of transactions done through credit and debit cards. In addition to this, the company also offers a money back guarantee of 15-day.
Airplay is another significant payment gateway that allows businesses and dealers to receive payments made by debit/credit cards on the site, and mobile apps in a safe and hassle-free method.
How to make the selection of the best payment gateway?
Below mentioned are the three points which will help you analyze which payment gateway is perfect for you.
The first and foremost thing that a company should take into account is the processing fee. It is the amount which is paid to the company at the time of the transaction. For instance, suppose the company is charging a 2% processing fee i.e. you need to pay Rs. 2 during the transaction.
The next most vital thing that needs to be considered is the payment. The payment gateway that is a perfect one will support almost all famous modes of transaction. Since PayTm is already in the limelight in India, it would be ideal to pick a gateway in which PayTm options are available. It will not only save users but also enhance your rate of conversion.
Company Background Check
Company background is the third most essential thing to check since there are various companies which provide their gateway services to many suspicious services. Availing payment gateway from such companies is not at all recommended.
The above mentioned are among the top 10 payment gateways in India. We hope, this blog will help you in deciding which payment gateway you should select in India. In case you have any doubts/queries/suggestions, do share with us in the comment section below.