A payment gateway is an interface that allows businesses to receive online payments from clients. In simple words, it works as a digital bridge between your website (or app) and the bank. When a customer buys anything online and enters their card or UPI information, the payment gateway securely conducts the transaction and delivers the funds to the seller’s account. These gateways ensure secure and smooth transactions, allowing both customers and businesses to trust the process. In this blog, we will discuss the top 10 payment gateways in India that make online payments simple and secure for all types of businesses.
The demand for a secure online payment gateway in India has increased rapidly as the number of digital transactions has increased. Whether you own a small online business or a large e-commerce website, selecting the right payment gateway is important. We will cover how each payment gateway operates and which one is best for your business needs.
List of Top 10 Payment Gateways in India for Online Payments
1. Razorpay
Razorpay is one of the most popular and user-friendly payment gateways in India. It offers fast integration, a clean dashboard, and supports all major payment modes like UPI, cards, and wallets.
Best for: Startups and small businesses
2. Paytm Payment Gateway
Paytm is a trusted name, especially for mobile-first users. It offers instant settlements through Paytm for Business and supports all major payment options.
Best for: Businesses targeting mobile users
3. Instamojo
Instamojo is a great choice for small sellers, freelancers, and digital product sellers. It allows payment collection via links, which is super handy for social media sales.
Best for: Freelancers and beginners
4. Cosmofeed
Cosmofeed is a rising player designed for creators and educators. It offers tools to sell courses, webinars, and digital content easily. The platform is free to start and perfect for individuals. I have been personally using this for the past 2 years, and the service is excellent. If you purchase a subscription from my following link, you will get an EXTRA 20% OFF.
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Best for: Online course sellers and solopreneurs
5. Cashfree
Cashfree is known for its quick onboarding and affordable fees. It provides fast settlement times and supports a wide range of payment options.
Best for: Growing e-commerce businesses
6. CCAvenue
One of India’s oldest payment gateways, CCAvenue offers a wide range of payment options including international cards and EMI. However, the interface might feel outdated.
Best for: Established and large businesses
7. PayU
PayU provides a clean dashboard and plugins for platforms like Shopify and WooCommerce. It has wide acceptance and smooth integration.
Best for: Medium to large businesses
8. BillDesk
BillDesk is a backend payment gateway trusted by many banks and government services. It’s reliable but not very beginner-friendly.
Best for: Government platforms and enterprises
9. JusPay
JusPay focuses on fast and safe UPI transactions. It’s mostly used by mobile apps and is known for a smooth checkout experience.
Best for: Mobile-first platforms
10. PayPal (India)
PayPal is ideal for receiving international payments. While it’s slightly expensive, it’s trusted worldwide and perfect for freelancers dealing with global clients.
Best for: Freelancers and international payments
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Comparison Table of Top 10 Payment Gateways in India
| Payment Gateway | Transaction Fees (Approx.) |
|---|---|
| Razorpay | 2% |
| Paytm | 1.75% |
| Instamojo | 2% |
| Cosmofeed | 2% |
| Cashfree | 1.75% |
| CCAvenue | 2% |
| PayU | 2% |
| BillDesk | Custom Pricing |
| JusPay | Based on Integration |
| PayPal | 4.4% + fixed fee (intl) |
How to Choose the Best Payment Gateway for Business
There are many components to consider when selecting the best payment gateway for your business. Here are the crucial factors to consider before making a decision:
Setup and Integration: Is it easy to connect to your website or app? Some gateways provide easy-to-use functionality, while others require professional help.
Transaction Fees: Each gateway charges a fee for each payment. Compare the fees to choose one that is within your budget.
Settlement Time: Choose how long it takes to receive your money. Some provide instant or same-day payouts.
Customer help: Select a company with excellent help so that you can resolve difficulties immediately.
Supported Payment Modes: Make sure the gateway supports UPI, cards, wallets, and net banking to give your customers options.
Security: For maximum transaction security, choose gateways that provide data encryption and follow to safety regulations such as the PCI Data Security
Which Payment Gateway is Best for You?
In my personal experience, Cosmofeed is one of the best platforms if you’re a solo creator or selling online courses. I’ve been using it for two years now, and its free tools are enough for individual sellers or educators. It’s easy to use and doesn’t charge you until you grow big.
Here’s a quick guide based on your needs:
- Small business → Razorpay or Instamojo
- Large business → PayU or CCAvenue
- Freelancers → PayPal or Instamojo
- International payments → PayPal
- Mobile-heavy audience → Paytm
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Conclusion
Each of these platforms from the top 10 payment gateways in India offers unique features suited for different business needs. Whether you’re a freelancer, a startup, or a large company, there’s a perfect fit for you. Take time to compare options, check fees, and choose the one that makes payments easier and safer for your customers.
Frequently Asked Questions (FAQ)
1. Which payment gateway is best for India?
Razorpay, Paytm, and Instamojo are some of the top choices based on ease of use and features.
2. Which is India’s first payment gateway?
BillDesk is one of the earliest and most widely used payment gateways in India.
3. Is Razorpay safe in India?
Yes, Razorpay is PCI-DSS compliant and follows strong security protocols, making it safe.
4. Which is better, Razorpay or Cashfree?
Razorpay is better for beginners, while Cashfree may offer faster settlements and lower fees for growing businesses.
5. What is the No. 1 payment gateway?
There’s no single winner, but Razorpay and Paytm are currently the most used in India.
6. Which is the cheapest payment gateway in India?
Cashfree and Paytm generally offer low transaction fees. Cosmofeed is great for free tools.
7. Is there any free payment gateway?
Cosmofeed is mostly free for individual use until you scale up.
8. Can I use a payment gateway without a website?
Yes, platforms like Instamojo and Razorpay allow payments through links without needing a website.
9. Which gateway is best for UPI payments?
JusPay, Paytm, and Razorpay all support fast and secure UPI transactions.