PayKun

A Payment Gateway facilitates the online payment transfer between the customer and the merchant (businesses). With modern and advanced technology, the payments can be collected with the payment gateways through websites, mobile applications, and even without them. There are a lot of Payment Gateways in India that support small and medium enterprises (SMEs), startups, and also large businesses.

You must choose an ideal payment gateway for your business enterprise considering various important factors such as pricing, technology, customer service, features, and products availability, onboarding and settlement process and timings, etc.

Instamojo

Businesses can avail customized solutions for their business payments with the Instamojo Payment gateway. It facilitates domestic payments acceptance within India.

Below are the specifications and features of Instamojo:

● It charges zero setup and maintenance fees ● The transaction discount rate (per-transaction fees) TDR is Flat 2% + Rs 3 ● It only supports domestic payments ● It facilitates integration with websites and apps, also provides payment links. ● It has the FAQs and knowledge base for customer support on the website. Also, provides chat and email support (support@instamojo.com). ● It has available integration kits for various website and mobile application platforms. ● It supports 100+ payment modes ● It provides settlements in t+3 working days

CCAvenue

CCAvenue Payment Gateway facilitates 58+ Net Banking, 13 Prepaid Instruments, 6 Credit Cards, 97+ Debit Cards, & 15 Bank EMI and 27+ major currencies.

Below are the specifications and features of CCAvenue:

● CCAvenue supports multilingual checkout ● It supports most of the web, eCommerce, and app platforms and has available plugins and SDKs ● It provides Email and Chats Support ● It has the below two plans for pricing namely Privilege Plan and Startup Pro Plan. ● The Privilege plan has a setup fee of ₹ 30000 (the transaction rates are discussed and provided as per the business transactions) ● Startup Pro Plan does not have a setup fee and the transaction rates are as below: 3 % for MasterCard, Visa Credit, Debit Cards (International) 3 % for Corporate and Commercial Credit Cards (Domestic) 4 % for American Express/Amex EMI & Diners Club 4.99% Multi-currency 2% for Others Annual Software Up-gradation Charges (A.S.U.C) is ₹ 1200

PayKun

PayKun is among the top popular payment gateways in India. It can be integrated with the website or mobile application. If you do not have the website you can use the payment links. PayKun Payment Links can be created easily and sent through Whatsapp, Email, SMS, etc.

Below are the specifications and features of PayKun Payment Gateway:

● It has the lowest transaction discount rate of Flat 1.75% ● It charges zero setup and maintenance fees ● It supports all major web, eCommerce, and mobile application platforms ● It has the plugins and SDKs for the same ● It provides human support through email, calls, and chat; it also, assigns the dedicated account manager (1800-212-8070 and support@paykun.com) ● PayKun facilitates 120+ online payment mode options including debit cards, credit cards, UPI, Wallets, Netbanking, EMI, and single QR codes. ● It supports international payments and multiple currencies ● It provides fast settlement options of t+1/2/3 working days.

Razorpay

Razorpay payment gateway supports domestic and international payments like PayKun. It facilitates online payment acceptance and disbursements for business enterprises. Further, the payments can be accepted through websites and mobile applications.

Below are the specifications and features of Razorpay:

● Razorpay has 100+ payment mode options in its checkout ● It also supports various web and app platforms and provides integration kits for the same ● The settlement cycle is t+3 working days ● The pricing is as below: Zero setup fee or annual maintenance fee Flat 2% for Indian Credit/Debit cards, Net banking, UPI, and Mobile wallets Flat 3% for International Credit and Debit cards ● It provides email support (support@razorpay.com), chats, and IVR support. Also, there is a Knowledge Base on the website.

Cashfree

Cashfree payment gateway is named among the top payment gateways in India. Various platforms are supported by Cashfree for integration. Also, it has various features such as instant settlements, refunds, etc that are facilitated with the additional charges.

Below are the specifications and features of Cashfree:

●     It provides 100+ payment mode options

●     The settlement is done within t+3 working days

●     The pricing plan is as below:

1.95% for UPI, Digital wallets, Net banking, and selected Credit/Debit cards

2.5 % for Pay later and Cardless EMIs

3.5% + INR 7 for International Credit/Debit cards

2.95% for Dinner Club and American Express

●     It provides support through an Online knowledgebase and the ticket query system on the website

Endnotes:

It is always good to have multiple payment processing options for your business. This helps with the smooth and uninterrupted payment acceptance for your business transactions. All these payment processing services companies provide Payment Links feature that enables receiving the online payments without a website through Whatsapp, SMS, emails, etc. You may choose one considering the affordability with the best services and the required features.