These days, as we are seeing, people prefer to do shopping online and it becomes the easiest way of shopping. And as a result, e-commerce becomes the biggest online shopping platform. People can pay easily by the use of payment gateways. You can pay to use a debit card, credit card, or even net banking, and people also prefer to cash on delivery. Payment gateways make online payment easy and it helps to grow the e-commerce platforms.
If you have an e-commerce website or want to grow your business online and you are looking for a good payment gateway, here are listed top 10 payment gateways. Pick the best one for your business.
1-PayUMoney- PayU money is the most promoted payment gateway in India. It is used by several e-commerce companies like Rechargeitnow, Bookmyshow, Snapdeal, etc. It is the flagship company of the Naspers group.
Credit card supported- Visa, Amex, Master, Diners, JCB, Discover.
Charges In India-
Initial setup fees- Zero
Annual Maintenance Charges- Zero
Applicable fee per transaction-
Domestic Credit & debit cards on Visa, Master Card, Maestro, RuPay- Flat Fee 2%
Wallet- Flat Fee 2%
UPI- Flat Fee 2%
International Credit Cards on Visa, Master- Flat Fee 3.5% to 6 %.
2- Razorpay- Razorpay payment gateway is the only solution that allows businesses to process payments online from their online store with the easiest integration. Razorpay gives you all the access to payment including Credit cards, Debit Cards, Wallets, Net Banking, UPI, and Popular wallets.
Charges of Integration
Annual Maintenance Charges- Zero
Transaction fee – 2%
For international cards, EMI and Amex- No setup fee
18 % GST applicable to the Transaction fee.
3- Stripe- Stripe is the most famous payment gateway. It allows credit cards, debit cards, UPI, and net banking. It gives permission to merchants to create a merchant account on stripe and collect online payment from customers.
Stripe Payment Gateway Charges-
Domestic credit & debit card on visa, master cards issue in India- 2%
International Charges- 4.3% for all types of cards
Cards Issue outside of India- 3%
4- 2Checkout- 2Checkout payment gateway is also known by “2CO”. It offers people to do payment online from their homes and helps global businesses to generate revenues. It is all in one monetization platform. You can only choose those options which you need in your business.
Charges of 2Checkout Payment Gateway-
2Checkout Published rate is 2.9% + 30 cents per transaction for those businesses which processing less than $50,000/ per month in cards. ( In international Transaction 1% additional charge Included.)
5- Authorize.Net- Authorised.Net payment gateway allows the merchant to accept credit cards and electronic check payments on their websites. It is a United state-based payment gateway service provider. It gives permission to customers to enter credit card details on web pages and make online payments.
Authorize.Net payment gateway charges
2.9% + $30 cents per transaction and for international transaction an additional charges 1% added on per transaction.
6- Skrill- Skrill is an e-commerce and money transfer service. It allows you to pay by using a credit card, debit card, and bank transfer on your Skrill eWallet account. You can use skrill to make payment of any Skype feature or products.
Minimum transfer amount- None
Maximum transfer amount- $135 to $25,000 monthly, and depends on account verification status.
Transfer method- Online, Mobile app
Available currency- 40 Currencies
Transfer Fee- Transfer Fee 1.9%, currency conversion fee 3.99%, withdraw fee $5.50, load funds fee $0-7.9%.
7-Paytm- Paytm Payment Gateway is reliable and used by high volume e-commerce websites. You can easily integrate Paytm with your website and allow customers to start to Pay online. It accepts Debit/Credit Cards, Net Banking, UPI, Paytm wallet, and EMI.
Paytm Payment Gateway charges on the payment instrument.
UPI- 0%
Rupay Debit Card- 0%
Paytm Wallet- 0% for monthly limit upto Rs.100,000. And 0.84% + GST for monthly limit above Rs. 100,000.
8- Google Checkout- Google Checkout Payment Gateway started by Google for the aim of paying for online purchasing. Users can store their credit/ debit cards and shipping information on their Google accounts so they can purchase from stores by clicking on the screen button.
Charges:-Monthly sale
Less than $3000- 2.9% + $0.30 per transaction
$3000 to $9,999.99 – 2.5% + $0.30 per transaction.
$10,000 to $99,999.99 – 2.2% + $0.30 per transaction.
$100,000 to more – 2.1% + $0.30 per transaction.
9- Cashfree- By the use of Cashfree Payment Gateway, you can collect local and international payments with simple integration and you can send money to any bank account, UPI address, and Paytm Wallet.
Charges of Cashfree Payment gateway-
Set up Fee- Zero
Maintenance Fee- Zero
Transaction Fee- 1.75% per transaction.
International cards and Amex- 3.5% + Rs. 7.
10- Paypal- By Paypal, you can pay by credit card, it helps to send your card information to the credit card payment network for processing the transactions. It allows you to make payments by Paypal Cash, Paypal Credit, debit cards or credit cards, Paypal Cash Plus Bank account, Bank account.
Paypal Payment Gateway’s Charges-
Maintenance Charges- Zero
Transaction Fee- 4.4 % + $0.30 + Currency conversions charges.
So, these are the top 10 payment gateways. I am sure that this article will help you to choose the right payment gateway for your business. Now, Let’s start the integration and make only payments easily.