10+ Best Payment Gateway In India 2023

Looking for Payment Integration Options?

Explored a lot. But confused about which Payment Gateway is the best in India.

Well, the market for payment integration is widely expanding and at the same time leveraging the business and start-up to incorporate into their routine environment.

According to Statista, online payments in India are expected to grow with more than 20% CAGR between 2019 and 2023 crossing 660 million with the start-of-the-art payment options.

But, how exactly payment gateway integration works?

What is the Payment Gateway?

Payment Gateway is a kind of transaction service that helps online and offline stores in accepting payments from any corner, with no limit to geographical boundaries.

It acts as a secure link between the payment applications and banks to streamline the transaction in a well-disciplined and well thought of manner.

For low volume sales, a simple payment gateway with no frills could be an ideal option for the short term goals. Because, monthly income gets dissolved into processing fees.

However, when the sales soar, you can or reach the threshold, it becomes quite convenient to pay the monthly fees for merchant processing and interchange fees.

How Does It Work?


Step 1: It begins when a customer places an order and goes to a payment page to enter the card details. These details are protected and secured with the Secure Socket Layer (SSL) encryption and shared between the browser and the merchant’s web server.

It eliminates the merchant’s Payment Card Industry Data Security Standard (PCI DSS) compliance obligations ensuring that no customer gets redirected when the process is taking place.

Step 2: Now, the merchant forwards transaction details to their payment gateway which is securely connected with SSL to the payment server.

Step 3: After this, the payment gateway converts the details from XML format to ISO 8583 or a variant message format to process it further.

This will be forwarded to the payment processor used by the merchant’s acquiring bank and then the card association.

Step 4: Now an authorization request is sent to the credit card issuing bank which needs to be declined or approved with a response code. With a yes response, the bank settles the payment with the merchant and the gateway.

Best Payment Gateway In India 2023

Steal some of the best payment gateway India in 2022 to rock to your payment integrations –

1. Cashfree payment gateway

Cashfree is one of the popular payment gateway in India that offers an instant refund facility and faster payment facility.

It has been started in 2015 and served 15,000+ businesses through the payment gateway integration. Besides that, it widely supports UPI, Credit and Debit cards and net banking accepting the national as well as international payments.

Wondering what are the payment gateway charges?

The Transaction Fee is 1.75% with the fastest settlement cycle of 24 hours to 48 hours, offering the lowest TDR in India.


  • It supports eCommerce CMS System
  • Convenience in the invoice generation
  • Offers the highest security with no setup cost
  • Enable auto collection of payment

2. Paytm

Paytm is the well known payment gateway India linked with 50+ banks and accepts domestic payments significantly.

Do you know how it became the best payment gateways in india? Because, it has penetrated by strengthening the online customer base with ‘Paytm Cash Wallet’.         

Transaction fees:

  • Paytm Payments Bank: 1.99% + GST
  • Credit Card: : 1.99% + GST
  • UPI : 0%
  • Debit Card: 0.4% + GST for amount < 2000, 0.9% + GST for amount > 2000
  • Net banking: : 1.99% + GST

Some of the renowned companies like Adani, Swiggy, Jio, Zomato, Uber, and many others are using Paytm for ecommerce payment gateway.


  • It largely offers a recurring billing facility
  • Enables point of transaction
  • It allows multiple currency processing
  • No annual maintenance fees and no set up cost

3. PayPal

As the most recognized online payment gateway PayPal, it holds a global reputation across any business and facilitates easy cart integration.

It monitors 24/7 transactions and plays out an important role in enhancing the payment security of an individual. Just like Paytm, PayPal also offers a facility of recurring payment.

So, what are the payment gateway charges?

Transaction Fee: 4.4% + US$0.30 + Currency conversions charges


  • It provides multi currency support
  • Facilitates in auto withdrawal from your local bank
  • Follows a simpler documentation process
  • Offers a seamless customer support


PAYKUN is the simplest payment gateway for ecommerce that cater to your business needs. Emerging as the popular payment gateways, it provides safe, secure and fast transaction services in compliance with PCI DSS Level 1 security.

Irrespective of small, large, mid-size, a trust or an NGO, one can easily register to this payment gateway for individuals providing integration assistance with the application and website.

Surprisingly it supports 100+ payment modes with zero set up and zero maintenance cost facilitating with a quick invoice generation.

Transaction fee:

  • 1.75% per transaction on UPI, Debit Cards, Net Banking and wallets
  • 3% per transaction on International credit cards, VISA, Diners and master cards


  • Powerful dashboard (Easy and User-friendly UI)
  • Faster payment settlement
  • Robust security

5. CCAvenue Payment Gateway

CCAvenue Payment Gateway is the fast and best payment gateway that complements your business needs with dynamic event notification, CCAvenue Smart Analytics, Marketing tools, Shopping cart plugins and a seamless 24×7 support.

It is one of the most preferred payment gateway India that offers more than 200 payment options widely supporting 27+ major currencies.

Transaction fees:

  • 2% on domestic transaction and 3% on international
  • Fraud detection system


  • Simplifies the documentation process
  • No transaction fees
  • Mobile application available for iOS, Android, and Windows
  • Fast account activation within one hour

6. PayU

Can you name payment gateway India with no setup fee? It is PayU.

PayU is the easiest payment gateway for eCommerce and professionals, especially for websites and applications. It comes with a beautiful checkout UI to streamline payment integration for merchants and start collecting your payments.

The company is currently operating in 17+ countries and allows customers to customization on the checkout payment gateway page. Almost 100+ payment methods are applicable here accepting debit cards, UPI, net banking, EMI, and wallets.

Transaction fee: 2% + GST on every transaction s service fee


  • Zero cost for setup
  • Multiple currency processing
  • Instant activation without providing a lot of information
  • Offers zero downtime facility with better and faster conversion rates

7. Instamojo

Instamojo is leading the race among all the payment gateway in India having one million+ active customers.

Ever wondered how it gained popularity? It comes with a simple and cleaner interface enabling the convenience of usage. And that is the major reason that minimizes the chances of cart abandonment.

Some of the top customers of Instamojo are- Adani Realty, Zepo, SpringBoard, Shriram Properties, and many others are proudly using this checkout payment gateway.

Transaction fee:

  • Debit and Credit cards: 2% + 3 INR per transaction
  • Digital products and files: 2% + 3 INR per transaction


  • It offers an easy Onboarding process and smooth payment analytics
  • Enables a live chat facility
  • Electronic invoice payment
  • Allows free digital file hosting

8. MobiKwik

MobiKwik (formerly known as Zaakpay) has emerged as the fastest growing eCommerce payment gateway giving leverage to successfully conduct business operations. It focuses more on providing a smooth and friendly user experience by detecting the OTP (One Time Password) automatically.

Some of the popular customers are Business World, BlueDart, Uber, Zomato and others. You can hire the eCommerce Website Development Company for payment gateway for your website or your business application.

Transaction Fee: Custom and negotiable


  • Offers advanced security with PCI DSS to protect all transaction data
  • Enable website analytics to check data
  • Supports credit and debit cards, wallets, international cards, UPI and EMIs

9. Razorpay

Razorpay was founded in 2014 and has now become one of the most popular payment gateway in India having 800k customers specifically. In October 2020, it became a unicorn startup valuing over $1 billion as Fintech Company.

Emerging as the smartest and one of the cheapest payment gateway in India, Razorpay offers a Dashboard facility to check the real time facility in purchasing. A few of the freelancers, self-employed, small, big and large companies consider Razorpay as the most trusted payment gateway provider in India.

Big businesses like Unacademy, Groffers, UrbanClap, BookMyShow, Zoomcar, and others are actively using this payment gateway India.

Transaction Fee:

  • 2% on Indian debit/credit cards, UPI, and net banking
  • 3% on EMI, Diners, Amex Cards, and other International Cards


  • Facilitates in sharing invoices, avail working capital loans and recurring payments
  • Integration with the website for payment
  • API driven automation that requires zero manual intervention
  • Real-time currency conversion is possible

10. Atom

Atom is the payment gateway integrated with 50+ banks and 260+ payment options including credit cards, EMI, debit cards, IMPS and others to make your transaction better.

Broadly, it contains a high-security encryption system to protect the data of the users. Invoice generation and dynamic routing and multi bank EMI enables you to balance your customer’s budget. What are the payment gateway charges in India and internationally for Atom?

Transaction fee:

  • 0.75% on debit cards for transactions less than Rs 2000 and 1% for beyond
  • 2.1% on credit cards
  • Net-banking: 1.99% + 3 INR per transaction
  • Wallets: 2.2% per transaction


  • It offers an express checkout facility
  • Quick easy step invoice generation is available
  • Enables payment retry option
  • Allows Merchant console to track the real-time payment

The Bottom Line

Here, we have mentioned a few Payment Gateway options for individuals and merchants that are worth considering.

You can identify your requirements for the transaction- domestic and international, easy to install plugins, and several features to make the best choice for payment integrations.

Before working on your own payment gateway application portal, it is important to hire professional developers who can help you with the best services. Focus more on interactive UI and a smooth or user navigated checkout to avoid the hassle of cart abandonment.

Info Stans is the fastest growing Mobile App and eCommerce Development Company in India, USA, and UK with more than a decade of experience in providing diverse services across several niches.

Book an appointment now and get started with your own Payment Gateway!

Want to integrate payment gateway

Popular FAQ

Different types of payment gateways are PayU, Paytm, Razorpay, Atom, Allied Wallet, Securion, Stripe and others.
Some of the best and popularly used payment gateways are Razorpay, Paytm, PayPal and MobiKwik.
The cost of developing an app for payment gateway in India varies as per Basic, Premium and Privilege sections. It starts from Rs 8000 for basic set up to Rs 45,000 and more with an additional tax, features and functions.
To integrate with the payment gateway, you need to -
  • Understand the pricing options and evaluate the market scope
  • Check out with the web hosting
  • Browse options for different payment gateways
  • Select an external or direct payment gateway
This is an online payment service where a user needs to enter the card name and number, CVV and some personal details to make and receive the payments. The respective gateway and bank will confirm the details to process and settle the transaction.

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