If you enter into E-commerce Business then Payment Gateway is one of the crucial factors to decide about. Payment gateway enables safe, secure and fast payments online.
There are multiple payment gateway providers and it is really a tricky part to choose out the best in the market. You need to review, evaluate and then find out the best according to your needs.
These our top 5 picks for payment gateways services for your e-commerce transactions
1. InstaMojo
Started in 2012, Instamojo initially offered a way to collect payments for digital goods. But now thousands of users are using it to collect payments for ebooks, reports, tickets, tutorials, merchandise, invoices, services, and much more. Instamojo is super easy to set up. They have recently introduced instant onboarding.
Now, you don’t require any documentation to begin a trial account with Instamojo, simply answer a few questions and get started in minutes. For a full account, the bank statement and PAN card remain the only requirements.You can create a payment link or button, a page where you can list your products or services or directly request a payment.
- Setup Fee : Zero
- Annual Maintenance: Zero
- Fee: ZeroTransaction Fee: 1.9%
2. PayU India
PayU India is one of the Payment Gateway service providers which is present globally in countries like Hungary, Poland, Russia, India , SouthAfrica and many others. Their customer list includes Influential e-commerce players like Snapdeal and Jabong. They have various pricing packages and you can select one based on your needs.
- Setup Fee : For PayUBiz, plans start from Rs. 4900 and go up to Rs. 29000. For PayUMoney, it’s Zero.
- Annual Maintenance Fee: For PayUBiz, its Rs. 2400. For PayUMoney, it’s Zero.
- Transaction Fee: For PayUBiz, it’s between 2.20% to 3.90% based on the plan. For PayUMoney, it’s 2%.
3. Pay with Paytm
What started as a mobile & DTH recharge service is now a $4 billion company. You can start accepting payments from PayTM users using their Pay With PayTM service. You can integrate this payment gateway in your website. Unlike other traditional payment gateways, it will allow payments only from PayTM wallet.
This service is used by Uber, Bookmyshow, Domino’s Pizza, Food Panda and many big companies.
4. CC Avenue
CC Avenue one of the best Payment Gateway service provider in India and nearly 75% of the e-commerce owners avail their services.CCAvenue includes 100 plus payment options and they also include audit and analytic features . You can integrate CCAvenue cart free if you have a website.
Go for CCAvenue if you are looking for a reliable payment gateway in India that is tried and tested.
- Setup Fee : Zero for Startup Pro Plan, Rs. 30,000 for Privilege Plan
- Annual Maintenance Fee
- Transaction Fee: From 1.99% + Rs.3 to 2.99% + Rs.3
5. Citrus pay money
Launched in April 2011, Citrus is relatively new payment gateway but within a short span of time, they managed to acquire 800million user base (end users & merchants). Citrus is a well-funded company and growing aggressively in India. It also provides wallet service to the end users.
- Setup Fee : Zero
- Annual Maintenance Fee: Rs.4900
- Transaction Fee: From 1.99% + Rs.3
