10 Best Online Payment Gateways in India 2022 { Updated }

Due to the boom in online shopping, most businesses do business to buy products and services online through payment gateways.

Best Payment Gateways In India

The payment portal is the backbone of any kind of company that operates online and sells its products to customers. It is without a doubt the easiest way for companies to collect
payments online through their app or website.

Today, people not only use their credit or debit cards but also use methods such as online banking, UPI, and wallets. With easy payment gateways, all you need is a computer or smartphone and then you're up and running.

This article will tell you about the 10 best payment gateways in India. As a business or customer, you need to know about them, as payment gateways are the reason why online businesses exist in the first place.

💡 Table Of Contents:

2. Benefits of payment gateways

3. How to choose a payment gateway provider?

4. The top 10 payment gateways

4.1. Razorpay

4.2. CCAvenue

4.3. Cashfree

4.4. PayUMoney

  4.5. Instamojo
  4.6. EBS
  4.7. PayPal

4.8. PayKun

4.9. Atom Payment Gateway

4.10. PayTM

5. FAQs

6. Conclusion

The working of a payment gateway:

Payment gateway mainly focuses on making online payments secure and hassle-free. Encrypts sensitive information entered by the user. In a nutshell, this is how the payment actually happens:

1. When a customer finally decides to buy a product, he presses the "continue payment" button or some other equivalent button. This triggers the following process.

2. After the first step, the payment gateway option opens for the customer to enter the necessary information such as card number, UPI ID, CVV, credit card number, etc. Once the relevant information has been added, a new secure transaction page will open.

3. Once the payment gateway receives a positive notification about the transaction, the transaction is successful. In case of incorrect information or any other obstacle, the payment gateway displays an error.

4. Once the payment is completed, the customer receives a confirmation notification.

Benefits of payment gateways:

Getting a digital platform for business or for personal to receive or accept payments online can ultimately improve and enhance your overall business performance. These are the benefits of implementing a payment gateway in your business:

1. Easy payment: A fast and smooth payment experience is a must from a customer's point of view. The payment gateway system enables these features and makes online shopping as easy as possible.

2. Impulse purchase: It is observed that more than 40% of customers cancel their purchase if the payment/checkout method is tedious or complex for them. But, according to a study, it is observed that impulse buying is responsible for 40% of all online purchases, so having an easy payment option will undoubtedly increase sales of the business.

3. Payment gateways also:

  • Integrates with the shopping cart
  • Provides faster payment processing
  • Accepts multiple payment options
  • Provides chargeback prevention
  • Provides fraud management
  • Provides recurring billing
4. Security: Payment gateways often comply with security standards such as PCI, DSS, etc., which provides secure transactions without any hesitation.

How to choose a payment gateway provider?

Choosing a payment gateway for your business can be a really crucial task. The payment gateway must be reliable and useful and must meet your business needs now and in the future also.

The top 10 payment gateways:-

Nowadays, there are a large number of payment gateways available on the Internet. Some of these gateways are country-specific, while others also operate internationally. Payment gateways not only help customers while shopping online, but they also help small and large businesses.

1. Razorpay

Razorpay Payment Gateway

Like Stripe, Razorpay is the most popular payment gateway in all over the world. Since the beginning of 2013, the payment portal has come a long way and developed a lot.
Recently, Razorpay has incorporated new things like payment links, subscriptions, UPI automatic payment, smart collection, payment pages, etc.

Many of the leading e-commerce businesses and establishments use Razorpay as their payment gateway and it is due to the reliability and ease of use.

Some of the advantages of using Razorpay include:

  • Zero setup fee
  • No annual maintenance fee
  • Transaction fees are low and generally range from 2-3% depending on the mode of payment.
  • Razorpay has a simple user interface, therefore it makes it easy to use and understand.
  • The subscription feature allows you to accept payments on a regular basis (monthly, quarterly or annually).
  • The email feature is amazing too, informing customers of the success or failure of a transaction.
  • It also offers a large number of payment options to choose from.
  • Some of Razorpay's main customers include Spicejet, Zomato, Swiggy, Grofers, and Airtel.

Learn more about Razorpay.

2. CCAvenue

CCAvenue Payment Gateway

CCAvenue was founded in 2001 and is an old name when it comes to payment gateways. CCAvenue supports payments and transactions in all banks and payment options that exist. It is a trusted payment gateway that is known for its trustworthiness and trustworthiness.

Here are some benefits of using CCAvenue:

  • No setup fee for Startup Pro Plan and Rs. 30,000 for the privilege program.
  • The annual maintenance fee is Rs. 1200. The transaction fee ranges from 2% to 4% per transaction.
  • CCAvenue uses and supports multiple currencies.
  • Not all currencies are supported, but most of them, such as the US dollar, euro, etc., are available. 

CCAvenue has the largest number of payment options;

  • It supports more than 100 debit cards, 53+ net banking, mobile wallets, and 40+ bank IMPS.
  • Some of CCAvenue's most popular clients are Make My Trip, Myntra, Snapdeal, Naukri, AirAsia, etc. 

Learn more about CCAvenue.

3. Cashfree

Cashfree Payment Gateway

It is a modern payment gateway that allows companies to collect and transfer payments through almost 100 methods such as MasterCard, Visa, Rupay, IMPS, NEFT, PayTM, Pay Later, and other EMI options.

According to company data, more than 3,000 companies have used Cashfree to earn more than Rs. 2500 million rupees as their profit.

Some of the notable features that Cashfree offers are:

  • Easy access to a PayPal account.
  • Cashfree users can easily switch to their PayPal account for any international payments.
  • This is the result of a partnership between these two companies and Cashfree was even incubated by PayPal.
  • Cashfree also offers PayTM account connectivity as a wallet option. It is very easy to transfer money to a bank account, PayTM wallet, or any UPI ID in a short time.
  • It has the facility of settlement of market providers.
  • No installation fee and no annual maintenance fee.
  • The transaction fee ranges from 1.95% to 2.95%. 

Learn more about Cashfree.

4. PayUMoney

PayUMoney Payment Gateway

PayUMoney was established in 2015. PayUMoney is a brand of PayU India and helps small and medium-sized businesses to manage their transactions and help customers. Currently, PayUMoney has more than 4000 clients.

Some of the most prominent features of PayUMoney are:

  • No setup fee.
  • No annual maintenance fee.
  • An average transaction fee is 2%.
  • Some of PayUMoney's top customers include BookMyShow, Freecharge, ShopClue, Pepperfry, etc.

Learn more about PayUMoney.

5. Instamojo

Instamojo Payment Gateway

It started in 2012 and has been one of the best options for customers when it comes to paying for digital items. Nowadays, it is gaining popularity and now brands are also using it for payments for physical items such as tickets, merchandise, etc.

Some of the most prominent features of Instamojo are: 

  • Zero setup fee.
  • No annual maintenance fee.
  • The transaction fee is usually 2%, with an additional 3 rupees.

Learn more about Instamojo.

6. EBS

EBS Payment Gateway

It is a brand based in France focused on providing payment processing services. He has received mixed reviews from his clients. Nonetheless, EBS is considered one of the most trusted payment gateways out there. 

Some of the most prominent features of the EBS payment gateway are:

  • The setup fee is high and ranges from Rs. 4700 to Rs. 24,000 depending on the plan.
  • The annual maintenance fee is Rs 2,400. The transaction fee ranges from 1.25% to 3.75%.
  • Some of EBS's main clients are Snapdeal, FirstCry, and BabyOye.

Learn more about EBS. 

7. PayPal

PayPal Payment Gateway

PayPal is a global brand and the world's first digital payment service started in the US, it claims to have processed 4 billion payments so far. PayPal has more than 170 million regular customers.

It is a great platform for individuals or companies dealing with international clients. It supports more international currencies as compared to all the other payment gateways mentioned here. 

Indian citizens mainly use PayPal to accept payments from international customers.

Some notable features of PayPal are:

  • No payment gateway service fee or maintenance fee.
  • The transaction fee is around 4.4%.PayPal does not recognize Indian currency.
  • PayPal also charges you for the currency conversion.

Learn more about PayPal.

8. PayKun

PayKun Payment Gateway

PayKun is an Indian payment gateway that guarantees a secure transaction between buyer and seller. It is an excellent payment gateway for small businesses, sole proprietorships, NGOs, e-commerce, etc.

Some prominent features of PayKun are related:

  • No setup cost and no annual maintenance fees. The transaction fee is 1.75% (for domestic transactions).
  • A payment retry option is available.
  • Easy to use control panel.

Learn more about PayKun.

9. Atom Payment Gateway

Atom Payment Gateway

Atom Paynetz is a payment gateway of the FT group and has more than 100 payment options and deals with more than 4500 merchants nationwide.

Some of the standout features of Atom Paynetz include:

  • No annual maintenance fee for the first year.
  • The second-year it is Rs. 2400. The transaction fee ranges from 0.75% to 2.1%.
  • Multi-currency support is not available.

Learn more about the Atom Payment Gateway.

10. PayTM

Paytm Payment Gateway

PayTM is another popular payment gateway in India. It has become a leading payment gateway and also offers other services such as UPI payment.

Some of the most prominent features of PayTM include:

  • Supports all national credit cards such as Visa, Maestro, Amex, MasterCard, etc., along with international credit cards.
  • The transaction fee is around 1.99%. Zero annual business requirements are needed.
  • It does not support multiple currencies.

Learn more about PayTM.


Q. Is UPI a payment gateway option?

The Unified Payment Interface is a simple bank-to-bank or peer-to-peer transfer network. Although the ultimate goal of both is to facilitate payment transfers, UPI is the simple and hassle-free option to transfer money.

Q. Can I create my own payment gateways?

Creating your own payment gateways is always an option. And it gives you the ability to integrate more than one payment service provider and avoid provider lock-in.

Q. Is PayPal considered a payment gateway?

A payment gateway is software that provides, processes, and/or authorizes bank or credit card information to online retailers. It helps ensure that the customer has the funds to pay for the product so that you, the store owner, get paid. PayPal is an example of a payment gateway that is popular in e-commerce.

Q. What is the SBI payment gateway?

SBI established SBIePay to help Indian merchants offer a digital way for customers to pay online for e-commerce. SBIePay is only offered to those who already have an SBI bank account, so if you are already a merchant with an SBI account, you can easily transition to accepting payments online with SBI.

Q. How do I get a 2D payment gateway?

To integrate a 2D payment gateway into your website, you will need a merchant account.

Q. Does PhonePe need KYC?

No, KYC is not mandatory for new users. But, you have to complete min-KYC to use the PhonePe wallet benefits. Note: Regardless of your KYC status, you will continue to receive refunds in your wallet. You can use this balance to make payments in the application.

Q. What is required for a payment gateway?

Creating a custom payment gateway requires several steps: Registering a payment gateway. Register as a payment gateway provider with a credit card company (or more) through your takeover banks.

Q. Is Apple Pay a gateway?

Payments in Apple Pay are processed through a compatible credit card payment gateway. Apple Pay supports the following payment gateways: Adyen.

Q. What is the difference between a payment intermediation/processor and a payment gateway?

Think of it as an online point of sale terminal for your business. The difference is that a payment processor facilitates the transaction and a payment gateway is a tool that communicates the approval or rejection of transactions between you and your customers.

Q. Are payment gateways safe?

Many merchants and consumers who are unfamiliar with payment gateways will have questions about their security. In fact, payment gateways are very secure when properly configured and managed. These are used by most e-commerce sites, both large and small.


Payment gateways have made online payment systems easier and more secure. They have helped people to trust digital businesses and companies, small and large, to gain more customers.

Payment gateways have even helped companies spread their wings in the international market. In both ways, payment gateways have revolutionized online payments, and in the future, the process will be more secure and hassle-free.

How many of these payment gateways have you used so far?

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