Top 10 Payment Gateway options in India for custom eCommerce service provider

1) InstaMojo Payment Gateway

InstaMojo is an Indian that aims at selling digital goods and online payment collection. This is one of the easiest and popular payment gateway in India.

Holding Company	InstaMojo
Head quarter	Bangalore, India; Mountain View, California
Established	2012
Annual maintenance Charge	ZERO
Transaction Fee per Transaction	Flat fee @ 1.99% + Rs 0.27
International Payment / Credit card Support	Not supported
Multi-Currency Support	Not supported. Only INR.
Withdrawal Fees	Zero
Settlement days	3 days in your connected Bank account.
Mobile App Integration	Not available as of now.
Certified	none

2) EBS Payment Gateway

EBS or E-Billing Solutions is the first Indian merchant account provider to achieve the PCI DSS 3.0 standards of compliance.

Holding Company	EBS
Head quarter	Mumbai
Established	2005
Annual maintenance Charge	Rs 2400 flat applicable every year
Transaction Fee per Transaction	Variable charges apply depending on the package you select
International Payment / Credit card Support	Visa, Master Card, American Express, JCB & Diners cards issued around the world.
Multi-Currency Support	11 major foreign currencies (INR ,USD ,GBP ,Eur ,AED ,QAR …..)
Withdrawal Fees	Zero
Settlement days	Settlement takes place within 2-3 days
Mobile App Integration	Windows, iOS and Andriod.
Certified	PCI DSS 3.0 and ISO 27001- 2013

3) CCAvenue Payment Gateway

CCAvenue is one of the oldest payment gateways in India. CCAvenue supports almost every bank and payment option out there. It is reliable, safe and used by high volume eCommerce websites like Snapdeal.

Holding Company	CCAvenue
Head quarter	Mumbai, India
Established	2001
Annual maintenance Charge	zero
Transaction Fee per Transaction	From 1.99% + Rs.3 to 2.99% + Rs.3
International Payment / Credit card Support	Supported
Multi-Currency Support	27 foreign currencies.
Withdrawal Fees	Free, Domestic Friday and International Tuesday
Settlement days	Payments on a weekly basis for all amounts over & above of Rs. 1000, which is the minimum amount required to be kept.
Mobile App Integration	Windows, iOS and Andriod.
Certified	PCI DSS and ISO / IEC 27001 : 2013

4) PayPal Payment Gateway

PayPal is a Global payment platform available in 200+ countries across the world. PayPal claims to have processed 4 billion payments in 2014.

Holding Company	PayPal
Head quarter	California, United States
Established	1998
Annual maintenance Charge	zero
Transaction Fee per Transaction	4.4% + US$0.30 + Currency conversions charges
International Payment / Credit card Support	Supported
Multi-Currency Support	support over 100 currency globally
Withdrawal Fees	Zero
Settlement days	auto-withdrawn to your local bank account on a daily basis.
Mobile App Integration	iOS and Android.
Certified	-

5) Citrus Payment Gateway

Citrus also provides wallet service to the end users. Citrus is being used by over 1500 merchants inclusive of Airtel, PVR, Etihad Airways, GoAir, Tata, and Lenskart & Delhi Metro among others.

Holding Company	Citrus
Head quarter	Mumbai, India
Established	2011
Annual maintenance Charge	Rs 4900 + Taxes and additional fee of Rs 2800 for international payments
Transaction Fee per Transaction	Visa, MasterCard, Maestro and domestic debit cards a Flat fee @ 1.99% + Rs 3; For American Express and International payments fee is 3%
International Payment / Credit card Support	Visa, MasterCard, Maestro, American Express cards are accepted
Multi-Currency Support	Only US$ is supported.
Withdrawal Fees	Zero
Settlement days	Transaction+2 day is the settlement cycle
Mobile App Integration	Windows, iOS and Android.
Certified	-

6) PayUbiz Payment Gateway

PayUbiz is a one of the most popular payment gateway solution provider used by many eCommerce solution providers. PayUbiz is used by large enterprises such as Snapdeal, Jabong, Bookmyshow, Ola, Cleartrip, Redbus, GoIbibo, Zomato etc.

Holding Company	PayUbiz
Head quarter	Delhi,India
Established	2011
Annual maintenance Charge	Variable charges apply depending on the package you select
Transaction Fee per Transaction	Variable charges apply depending on the package you select
International Payment / Credit card Support	Not supported.
Multi-Currency Support	not available.
Withdrawal Fees	Zero
Settlement days	Transaction+2 day is the settlement cycle
Mobile App Integration	Windows, iOS and Android.
Certified	-

7) Atom Paynet Payment Gateway

Atom is promoted by FT Group and their major client base comprises of education, government services and travel and tourism.

Holding Company	Atom
Head quarter	Mumbai, India.
Established	2006
Annual maintenance Charge	Generally waived off for first year, however second year onwards you have to pay Rs 2400.
Transaction Fee per Transaction	VCredit Cards: 2.1% ,Debit: less then Rs 2000 it is 0.75% ,more than Rs 2000 it is 1%
International Payment / Credit card Support	Not supported.
Multi-Currency Support	Not supported
Withdrawal Fees	Zero
Settlement days	Transaction+2 day is the settlement cycle
Mobile App Integration	Only Android as of now.
Certified	PCIDSS & PA-DSS

8) ZaakPay Payment Gateway

It offers both web and mobile payment options and has facility for customers to customize their package based on the expected volume per month. It offers a unique Transaction day+1 settlement clearing process.

Holding Company	ZaakPaym
Head quarter	New Delhi, India
Established	2010
Annual maintenance Charge	Custom, negotiable
Transaction Fee per Transaction	Custom, negotiable
International Payment / Credit card Support	All Indian & International MasterCard, VISA, Discover & Diner’s cards acceptable
Multi-Currency Support	Not supported
Withdrawal Fees	Zero
Settlement days	Transaction+2 day is the settlement cycle
Mobile App Integration	Windows, iOS and Android.
Certified	-

9) DirecPay Payment Gateway

DirecPay is a good payment gateway provider for large number of online business as it allows businesses to focus on sales and payment processing to them. It offers affordable plans.

Holding Company	DirecPay
Head quarter	-
Established	-
Annual maintenance Charge	Variable charges apply depending on the package
Transaction Fee per Transaction	Variable charges apply depending on the package
International Payment / Credit card Support	Not Supported
Multi-Currency Support	Not supported
Withdrawal Fees	Zero
Settlement days	Transaction+2 day is the settlement cycle
Mobile App Integration	Windows, iOS and Android.
Certified	PCI/DSS

10) Emvantage Payment Gateway

EMVANTAGE is very popular payment gateway in India and boasts of great transaction success rates in India specifically. It offers many payment options and allows to use prepaid cards like Rupay etc.

 

Holding Company	Emvantage
Head quarter	Noida, India
Established	-
Annual maintenance Charge	Variable charges apply depending on the package
Transaction Fee per Transaction	Variable transaction fee apply
International Payment / Credit card Support	Supported with an additional refundable security deposit of Rs 30000
Multi-Currency Support	Not supported
Withdrawal Fees	Zero
Settlement days	Transaction+2 day is the settlement cycle
Mobile App Integration	Windows, iOS and Android.
Certified	PCI/DSS

11) PayKun

PayKun is the best payment gateway option for eCommerce businesses. It supports all the major website and application platforms including Android, iOS, PHP, Magento, Python, .Net, WHMCS, WordPress, Prestashop, Opencart, Node JS, Java, etc. Most importantly, it has among the lowest per-transaction fees (TDR) in India.

Holding Company	PayKun
Head quarter	Gujarat, India
Established	2018
Annual maintenance Charge	Zero
Transaction Fee per Transaction	1.75 % for Indian Debit Cards, Net Bankings, UPI, and Wallets 2 % for Paytm Wallet and Credit Card 3.00% for International Cards, Diners, and AMEX *GST is applicable on fees
International Payment / Credit card Support	All Indian & International MasterCard, VISA, Discover & Diner’s cards acceptable
Multi-Currency Support	29+ Currencies Supported
Withdrawal Fees	Auto Withdrawn to your registered bank account
Settlement days	T + 1/2/3 Working days (t is the transaction date)
Mobile App Integration	iOS and Android.
Certified	PCI DSS v3.2.1 and SSL

These are the few payment gateway options for custom eCommerce Service providers, software companies and others to consider. This is not exhaustive list but indicative and unordered list.

Top 10 Payment Gateway options in India for custom eCommerce service provider What is a payment gateway Payment gateways are intermediary medium to transit key information between payment portals like websites, mobile apps, devices etc. and the front end processor / Bank. This also authorizes credit card or direct payments processing for online business, online retailers, bricks and clicks, traditional brick and mortal. Custom eCommerce service providers in India give very high importance to safe and easy payment processing as a key factor for online shops and other portals. How payment gateways work When an order is placed by customer on online portal or eCommerce website, the payment gateway performs few tasks to finalize and complete the transaction. Encryption: The data is encrypted by browser and sent between it and the vendor’s web server. The payment gateway sends the encrypted transaction data to payment processor utilized by the vendor’s acquiring bank. Authorization Request:s The payment processor sends the encrypted data to a card association. The credit card’s issuing bank views the request and it approves or denies the authorization request. Filling the Order: The processor forwards the response to the merchant and consumer to the payment gateway. One payment gateway receives the response, it transmits it to the website/interface to the process the payment/transaction. Read More: Digital Payment Using Apple Pay Though this process seems lengthy but it is performed within few seconds at most. Let us discuss few payment gateway options popular in India with their characteristics.   Top 10 payment gateways in India 1) InstaMojo Payment Gateway InstaMojo is an Indian that aims at selling digital goods and online payment collection. This is one of the easiest and popular payment gateway in India. Holding Company InstaMojo Head quarter Bangalore, India; Mountain View, California Established 2012 Annual maintenance Charge ZERO Transaction Fee per Transaction Flat fee @ 1.99% + Rs 0.27 International Payment / Credit card Support Not supported Multi-Currency Support Not supported. Only INR. Withdrawal Fees Zero Settlement days 3 days in your connected Bank account. Mobile App Integration Not available as of now. Certified none 2) EBS Payment Gateway EBS or E-Billing Solutions is the first Indian merchant account provider to achieve the PCI DSS 3.0 standards of compliance. Holding Company EBS Head quarter Mumbai Established 2005 Annual maintenance Charge Rs 2400 flat applicable every year Transaction Fee per Transaction Variable charges apply depending on the package you select International Payment / Credit card Support Visa, Master Card, American Express, JCB & Diners cards issued around the world. Multi-Currency Support 11 major foreign currencies (INR ,USD ,GBP ,Eur ,AED ,QAR …..) Withdrawal Fees Zero Settlement days Settlement takes place within 2-3 days Mobile App Integration Windows, iOS and Andriod. Certified PCI DSS 3.0 and ISO 27001- 2013 3) CCAvenue Payment Gateway CCAvenue is one of the oldest payment gateways in India. CCAvenue supports almost every bank and payment option out there. It is reliable, safe and used by high volume eCommerce websites like Snapdeal. Holding Company CCAvenue Head quarter Mumbai, India Established 2001 Annual maintenance Charge zero Transaction Fee per Transaction From 1.99% + Rs.3 to 2.99% + Rs.3 International Payment / Credit card Support Supported Multi-Currency Support 27 foreign currencies. Withdrawal Fees Free, Domestic Friday and International Tuesday Settlement days Payments on a weekly basis for all amounts over & above of Rs. 1000, which is the minimum amount required to be kept. Mobile App Integration Windows, iOS and Andriod. Certified PCI DSS and ISO / IEC 27001 : 2013 4) PayPal Payment Gateway PayPal is a Global payment platform available in 200+ countries across the world. PayPal claims to have processed 4 billion payments in 2014. Holding Company PayPal Head quarter California, United States Established 1998 Annual maintenance Charge zero Transaction Fee per Transaction 4.4% + US$0.30 + Currency conversions charges International Payment / Credit card Support Supported Multi-Currency Support support over 100 currency globally Withdrawal Fees Zero Settlement days auto-withdrawn to your local bank account on a daily basis. Mobile App Integration iOS and Android. Certified - 5) Citrus Payment Gateway Citrus also provides wallet service to the end users. Citrus is being used by over 1500 merchants inclusive of Airtel, PVR, Etihad Airways, GoAir, Tata, and Lenskart & Delhi Metro among others. Holding Company Citrus Head quarter Mumbai, India Established 2011 Annual maintenance Charge Rs 4900 + Taxes and additional fee of Rs 2800 for international payments Transaction Fee per Transaction Visa, MasterCard, Maestro and domestic debit cards a Flat fee @ 1.99% + Rs 3; For American Express and International payments fee is 3% International Payment / Credit card Support Visa, MasterCard, Maestro, American Express cards are accepted Multi-Currency Support Only US$ is supported. Withdrawal Fees Zero Settlement days Transaction+2 day is the settlement cycle Mobile App Integration Windows, iOS and Android. Certified - 6) PayUbiz Payment Gateway PayUbiz is a one of the most popular payment gateway solution provider used by many eCommerce solution providers. PayUbiz is used by large enterprises such as Snapdeal, Jabong, Bookmyshow, Ola, Cleartrip, Redbus, GoIbibo, Zomato etc. Holding Company PayUbiz Head quarter Delhi,India Established 2011 Annual maintenance Charge Variable charges apply depending on the package you select Transaction Fee per Transaction Variable charges apply depending on the package you select International Payment / Credit card Support Not supported. Multi-Currency Support not available. Withdrawal Fees Zero Settlement days Transaction+2 day is the settlement cycle Mobile App Integration Windows, iOS and Android. Certified - 7) Atom Paynet Payment Gateway Atom is promoted by FT Group and their major client base comprises of education, government services and travel and tourism. Holding Company Atom Head quarter Mumbai, India. Established 2006 Annual maintenance Charge Generally waived off for first year, however second year onwards you have to pay Rs 2400. Transaction Fee per Transaction VCredit Cards: 2.1% ,Debit: less then Rs 2000 it is 0.75% ,more than Rs 2000 it is 1% International Payment / Credit card Support Not supported. Multi-Currency Support Not supported Withdrawal Fees Zero Settlement days Transaction+2 day is the settlement cycle Mobile App Integration Only Android as of now. Certified PCIDSS & PA-DSS 8) ZaakPay Payment Gateway It offers both web and mobile payment options and has facility for customers to customize their package based on the expected volume per month. It offers a unique Transaction day+1 settlement clearing process. Holding Company ZaakPaym Head quarter New Delhi, India Established 2010 Annual maintenance Charge Custom, negotiable Transaction Fee per Transaction Custom, negotiable International Payment / Credit card Support All Indian & International MasterCard, VISA, Discover & Diner’s cards acceptable Multi-Currency Support Not supported Withdrawal Fees Zero Settlement days Transaction+2 day is the settlement cycle Mobile App Integration Windows, iOS and Android. Certified - 9) DirecPay Payment Gateway DirecPay is a good payment gateway provider for large number of online business as it allows businesses to focus on sales and payment processing to them. It offers affordable plans. Holding Company DirecPay Head quarter - Established - Annual maintenance Charge Variable charges apply depending on the package Transaction Fee per Transaction Variable charges apply depending on the package International Payment / Credit card Support Not Supported Multi-Currency Support Not supported Withdrawal Fees Zero Settlement days Transaction+2 day is the settlement cycle Mobile App Integration Windows, iOS and Android. Certified PCI/DSS Planning to Hire Software Development Company? Your Search ends here See here 10) Emvantage Payment Gateway EMVANTAGE is very popular payment gateway in India and boasts of great transaction success rates in India specifically. It offers many payment options and allows to use prepaid cards like Rupay etc.   Holding Company Emvantage Head quarter Noida, India Established - Annual maintenance Charge Variable charges apply depending on the package Transaction Fee per Transaction Variable transaction fee apply International Payment / Credit card Support Supported with an additional refundable security deposit of Rs 30000 Multi-Currency Support Not supported Withdrawal Fees Zero Settlement days Transaction+2 day is the settlement cycle Mobile App Integration Windows, iOS and Android. Certified PCI/DSS 11) PayKun PayKun is the best payment gateway option for eCommerce businesses. It supports all the major website and application platforms including Android, iOS, PHP, Magento, Python, .Net, WHMCS, WordPress, Prestashop, Opencart, Node JS, Java, etc. Most importantly, it has among the lowest per-transaction fees (TDR) in India. Holding Company PayKun Head quarter Gujarat, India Established 2018 Annual maintenance Charge Zero Transaction Fee per Transaction 1.75 % for Indian Debit Cards, Net Bankings, UPI, and Wallets 2 % for Paytm Wallet and Credit Card 3.00% for International Cards, Diners, and AMEX *GST is applicable on fees International Payment / Credit card Support All Indian & International MasterCard, VISA, Discover & Diner’s cards acceptable Multi-Currency Support 29+ Currencies Supported Withdrawal Fees Auto Withdrawn to your registered bank account Settlement days T + 1/2/3 Working days (t is the transaction date) Mobile App Integration iOS and Android. Certified PCI DSS v3.2.1 and SSL These are the few payment gateway options for custom eCommerce Service providers, software companies and others to consider. This is not exhaustive list but indicative and unordered list.