For the peoples who don’t know what the Payment Gateway is? So just to clear their confusion we will explain with the example. When you visit any e-commerce store for buying some product of your choice. You add the product to the cart and proceed to the checkout page. After all that process, the payment gateway is responsible for all your transactions of the store.
Nowadays, India is moving towards being a cashless economy where online payment methods are becoming more popular than ever. So selecting the best payment gateway will do a lot more things that will help to grow your company. Without wasting any single time, let’s check some of the best payment gateways in India.
Best Payment Gateway in India for Shopify:
1) Razorpay :
Razorpay is one of the most popular payment gateway in India which offers there users to accept, process and pay a payment in an easy way. It offers various levels of customizing options along with flexible integration at a very unique price range. Talking about its charges, it takes two percent per transaction for Indian Debit and Credit Cards, Net banking, UPI, and Indian Wallets. While for International Cards and EMI it takes three percent per transaction. But the interesting fact about Razorpay is that it offers its services with zero setup fees.
2) Instamojo :
Instamojo is the only service provider that allows its users to register with them even if the users don’t have a website. It charges two percent and an additional 3 Rs per transaction for Indian Debit and Credit Cards, Net banking, UPI, and Indian Wallets. While for digital products and files it charges up to five percent and an additional 3 Rs per transaction. It also cost zero setup fee along with an annual maintenance fee.
3) Paytm :
After the demonetization, Paytm has become one of the most known brands in India. Talking about its charges, it takes 1.75 percent plus additional GST per transaction for Indian Debit and Credit Cards, Net banking, UPI, and Indian Wallets. Like both payment gateways, it is not free, it takes up to Rs. 5000 for initial setup and maintenance charges.
4) PayPal :
PayPal is a well known global payment gateway that is available in more than 200 countries across the world. However, due to its worldwide presence, it is the most preferred and secure payment gateways for all domestic + international transactions. It charges 2.5 percent plus addition Rs 3 per transaction for Indian Debit and Credit Cards, Net banking, UPI and Indian Wallets. While for international cards, it takes 3.4 percent to 4.4 percent per transaction. However, it also takes zero setup fee and an annual maintenance fee.
5) Cashfree :
If a person is looking for bulk payouts, then Cashfree is the only option available in India. Its services offer a wide range of payment options which include Visa, Master, Maestro, Rupay, Amex cards, over 70 Netbanking options, PayTM, and mobile wallets like Mobikwik, Freecharge, and Airtel. Moving towards its charges, it takes 1.75 percent per transaction for Indian Debit and Credit Cards, Net banking, UPI and Indian Wallets. While 3.5 percent plus an additional Rs 7 Per transaction for International Cards. Like other payment gateway, it comes with zero initial setup fees.
