By FMTeam Let’s say you are a seller in India, and you want to receive online payments, then in that case, what options do you have? Of course, to choose a payment gateway, right? Well, as many of you already know, there are some seriously good payment gateway options like Paytm, PayU, and others. And these payment gateways aren’t just about receiving local or domestic payments, you can also get the feature to receive payments from anywhere else in the world. But now you might be feeling a bit confused about which payment gateway to choose since there are literally dozens of them. Worry not, we are here with a list of the top 10 leading and most renowned payment gateways in India as of 2024. That’ll help you out for sure. So, let’s get to the list then, shall we?
1. Razorpay
Leading payment gateway scene in India, Razorpay starts our list with a reputation for developer friendliness and creative tools, you know? Razorpay, which was started as Razorpay Software Private Limited has now turned into a bank providing financial services, and of course, their absolute best payment gateway system. It has a Dynamic Routing system that cleverly directs transactions to the most effective bank or payment gateway, therefore lowering mistakes and failures. For both consumers and companies, this translates into fewer complications and more seamless interactions overall. Razorpay’s Native OTP Support also improves security by immediately including OTP verification in the payment process, therefore eliminating additional user processes. Whether your business runs a marketplace, subscription service, e-commerce website, or e-commerce platform Razorpay’s strong API and SDK support guarantees flawless integration and exceptional performance, that’s for sure.
2. PayU
PayU, a worldwide player running in more than 50 markets and offering more than 450 payment methods, comes next. Strong fraud protection system PayU is known for its PCI-DSS compliance and comprehensive fraud management tools to maintain transaction security, you know? All in all, PayU is unique in that it offers customized solutions for particular sectors such as travel, retail, and digital goods, thereby offering a flexible option for many business types, no matter online or offline.
3. Paytm Payment Gateway
If you live in India and you say that you haven’t heard the “Paytm Karo” words ever before, then you must be lying or living under a rock or something. Using India’s extensive digital payment system, Paytm Payment Gateway provides a broad spectrum of payment options ranging from UPI and Paytm Wallet to net banking and cards. Express Payments, which allow for safe, OTP-less, CVV-less transactions, that enable quick and hassle-free checkout, are among its best features. All in real-time, the Paytm Merchant Dashboard allows companies complete control over transactions, settlements, and returns.
4. CCAvenue
The great customizing choices and sophisticated security measures of CCAvenue set it out. But how? Well, for companies with foreign customers, it’s a go-to since supporting over 200 payment choices and 27 currencies. That’s special, for sure. Through multiple bank routing to the best-performing bank, its Smart Dynamic Routing maximizes transaction success rates. Furthermore, guaranteeing safe transactions with PCI-DSS compliance and 128-bit encryption is the CCAvenue F.R.I.S.K. system of the platform, you know?
5. Instamojo
Designed for startups and small companies, Instamojo provides more than only money processing, and what’s that precisely? Well, businesses using mojoCommerce have a free web store to provide digital and physical products free from any setup charges. Smart Links and Payment Links from Instamojo make paying via email, SMS, or social media simple, like super simple actually. MojoCapital offers cash flow help to companies in need of financial support; mojoXpress manages shipment logistics.
6. Cashfree
For those who don’t know, this one called the Cashfree payment gateway platform is well-known for its affordable solutions and a large spectrum of capabilities. What are those exactly? It manages foreign payments in more than thirty currencies and supports several payment techniques, that’s what makes it stand out. Its Global SWIFT Account function guarantees security and compliance by streamlining cross-border payments. Small companies needing consistent cash flow may find especially helpful Cashfree’s quick payouts, you know?
7. Stripe
Among developers, Stripe is a favorite for its worldwide reach and configurable payment options. Supporting more than 135 currencies, Stripe is ideal for companies with overseas clients. Stripe Radar, an advanced fraud detection tool with machine learning, finds and stops bogus transactions, did you know that already? Through its dashboard, the real-time transaction monitoring and thorough data it provides enable companies to make wise decisions. All in all, if you want a payment gateway that you set up once and forget it, then Stripe is for sure the most reliable one out there, even in India.
8. BillDesk
What’s this one now? Well, BillDesk fits companies of all kinds since it supports a variety of payment options. It stands out especially because of its emphasis on regular transactions and bill payments. The smooth integration features of BillDesk and great customer service guarantee companies can handle and gather payments effectively. Further adding to its usefulness are thorough analytics and reporting capabilities, which reveal payment activity, and that too very in-depth.
9. Atom Paynetz
Atom Paynet’s wide payment choices and simple integration features help it meet the various needs of Indian companies. How and why? Well, Atom Paynetz provides simplicity and flexibility supporting more than 265 payment options, including worldwide credit card payments. All in all, its easy-to-use interfaces streamline connection with e-commerce sites and mobile apps. While 3D Secure methods and PCI-DSS compliance guarantee safe transactions, their so-called integrated dashboard offers real-time transaction monitoring.
10. HDFC Bank SmartHub Or PayZap
Rounding off our list comes HDFC Bank SmartHub, a complete digital payment solution. Supporting a wide range of payment alternatives, including “Scan and Pay” choices, SmartHub gives consumers and stores flexibility, that’s for sure. Its payment page for mobile optimizes the user experience for smartphone owners too. With 3D Secure systems and a proactive risk management system, security takes the front stage with the biggest private bank in India, you know? And how can we forget that its appeal is further enhanced by value-added services including retry choices for unsuccessful transactions and direct consumer offers?
Conclusion
All in all, there are no other better options than these top and best payment gateways in India. If you still prefer to go with something other than these, be prepared to face a lot of troubles like payment holds, late settlements, hidden platform fees, and whatnot.