Payment Gateway Options and Pricing in India
Choosing the right payment gateway is essential for businesses to facilitate smooth and cost-effective transactions. Here’s a list of popular payment gateways in India along with their pricing details:
1. Razorpay
Supported Payment Modes: Credit/Debit cards, UPI, Net Banking, Wallets
Transaction Charges:
Domestic: 2% per transaction
International: 3% per transaction (includes AMEX and EMI options)
Setup/Annual Fees: None
Features: Developer-friendly APIs, Flash checkout, and a robust support system
2. Paytm for Business
Supported Payment Modes: Credit/Debit cards, Net Banking, UPI, Paytm Wallet
Transaction Charges:
UPI: No charge
Wallet payments: 1.99%
Credit Cards: 1.99%
Debit Cards:
Below ₹2,000: 0.4%
Above ₹2,000: 0.9%
Setup/Annual Fees: None
Features: Easy integration, high reliability, extensive user base
3. CCAvenue
Supported Payment Modes: Credit/Debit cards, UPI, Net Banking, Wallets
Transaction Charges:
Domestic: 2% per transaction
International: 3%
AMEX/Diners Club: 4%
Annual Fees: ₹1,200 (waived for the first financial year)
Features: Multi-currency support, extensive language options, secure transactions
4. PayU
Supported Payment Modes: Credit/Debit cards, UPI, Net Banking
Transaction Charges:
Domestic: 2% per transaction
International: 3% (includes EMI and AMEX)
Setup/Annual Fees: None
Features: Competitive pricing, seamless global payment support
5. Cashfree
Supported Payment Modes: Credit/Debit cards, UPI, Net Banking
Transaction Charges:
Standard: 1.95%
UPI on Credit Cards: 2.15%
International Cards: 2.99%
Setup/Annual Fees: None
Features: Instant refunds, affordable pricing, innovative solutions like Cashgram
6. PhonePe Business
Supported Payment Modes: Credit/Debit cards, UPI, Net Banking
Transaction Charges:
Standard: 1.95% per transaction
Setup/Annual Fees: None
Features: Easy integration, enterprise plans for high-volume businesses
7. Instamojo
Supported Payment Modes: Credit/Debit cards, UPI, Wallets
Transaction Charges:
Domestic: 2% + ₹3 per transaction
International: Additional 1%
Setup/Annual Fees: None
Features: User-friendly interface, ideal for startups and small businesses
When choosing a payment gateway, consider factors such as transaction fees, integration ease, customer support, and the specific needs of your business to ensure the best fit.
Note : The above prices may change anytime without any prior notification. Please check with Payment gateway provider website for latest information
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