Best payment gateways in India

Best payment gateways in India: If you have just set up your eCommerce store or have decided to digitalize your small business and sell your products online, then you need a payment gateway to accept payments from your customers. There are a lot of payment gateways available in India that allow customers to pay online, it can be quite difficult to choose the best payment gateway for your eCommerce store. However, we have simplified the process of choosing the best payment gateway for your online store by compiling a list of the top payment gateways in India in 2021. Here are the top payment gateways that you can integrate online with your website or mobile application. transactions.

What is a payment gateway and how does it work?

Payment Gateway is an application that makes the entire process of online payment more streamlined and secure. It acts as a secure link between your website or application and the bank.

  1. The role of a payment gateway begins when a customer wants to shop at your eCommerce store.
  2. Your website or application that you have integrated with the payment gateway sends the customer’s payment information (debit credit card details or net banking details) to the payment gateway.
  3. The payment gateway then verifies and confirms the payment details with the bank.
  4. After successful verification, the amount is released from the customer’s bank account and transferred to your account.

Thus, the payment gateway acts as a medium that ensures simple and secure online money transactions.

What do you need to consider before setting up a payment gateway for your eCommerce store?

Before you finalize the best payment gateway in India for your eCommerce website or your online store, you need to consider a few important factors. They are,

  • Overall payment gateway costs include setup fee, annual fee, and Transaction Discount rate (TDR).
  • Settlement period (The time taken by the payment gateway to deposit the due amount to your bank account.)
  • User Interface of the payment gateway.
  • Mobile app compatibility.
  • CMS support.
  • Payment options such as Credit/Debit cards, Netbanking, mobile wallets, UPI, EMI options, etc.
  • After-sale Support and customer care.

There are various payment gateways in India that allow customers to make payments online. Here are the top payment gateways in India in 2021.

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Best 6 payment gateways in India in 2021



Cashfree is one of the top payment gateways in India that helps businesses to collect and distribute payments. It analyses the designation of your website or application and offers iframe, pop-up, smart analytics, and various other features. It also supports several eCommerce CMS systems and has ready-to-use integrations for Shopify India, WooCommerce India, and Magneto.

Settlement time: 

24 hours – 48 hours.

Transaction fee per transaction:

  • 1.95% for UPI, Digital wallets, Net banking, and selected Credit/Debit cards.
  • 2.5% for Pay later and Cardless EMIs.
  • 3.5% + INR 7 for international Credit/Debit cards.

Payment options:

Almost 100 payment options including digital wallets, UPI, and various EMI options

Top brands that use Cashfree:

Zomato, Dunzo, Xiaomi, Zoomcar.

Click for more details


Razorpay is the only payment gateway in India that offers businesses to accept, process, and disburse payments seamlessly with its product suite. It is specifically developed to suit Indian users and it supports a completely online onboarding to make you quickly go live.

Settlement time:

2 days.

Transaction fee per transaction:

  • 2% for Indian consumer Credit/Debit cards, Net banking, UPI, and Mobile wallets.
  • 3% for International Credit/Debit cards, Diners, EMI options, and Amex cards.
  • 18% GST applicable on the transaction fees.

Payment options:

100+ payment options including PayLater and NEFT/RTGS payments, UPI, and Mobile wallets, and EMI Payments options.

Top Brands that use Razorpay:

Goibibo, IRCTC, Grofers, Zoho.

Click for more details


CCAvenue is one of the largest payment gateways in India that accepts payments in 27 foreign currencies including the Euro, American Dollar, Pound Sterling, and UAE Dirham. If you’re looking to serve customers in major global markets out of India, CCAvenue might just be the payment gateway you’re looking for.

Settlement time:

One week.

Transaction fee per transaction:

  • 2% – 3% for domestic Credit/Debit cards.
  • 2% for digital wallets.
  • 0% for UPI payments.
  • 3% – 4% for international Credit cards.

Payment options: 

200+ payment options including EMI options.

Top brands that use CCAvenue:

Myntra, Lakme India, Airtel, Bookmyshow.

Click For more details


Unlike other top payment gateways in India, with Instamojo, you can create a merchant bank account even without a website. It is considered as one of the best payment gateways for the purchase of digital files, music, videos, etc as the payment process is quick and has bank-level security. It supports all major eCommerce CMS systems including Magneto and OpenCart.

Settlement time:

3 working days.

Transaction fee per transaction:

  • Free for NEFT/RTGS/Bank transfer
  • 2% + INR 3 for Debit/Credit cards, Net Banking, Wallets, Pay later.
  • 3% + INR 3 for International Cards and American Express Cards.
  • 18% GST is applicable on the transaction fee.

Payment options:

100+ payment options including NEFT/RTGS/Bank transfer and EMI.

Top brands that use Instamojo:

UrbanClap, Dunzo, Alt news, Adani Realty.

Click for more details

5. PayU

If you’re searching for top payment gateways in India that are authorized by safety and process obedience followed by ISO 27001-2013 Standard, PayU is the one for you. It also has an ‘auto retry’ feature for your customers that redirects them to an intermediary page to choose another payment option when the original payment option fails. This boosts your payment success rate.

Settlement time:

2-3 days

Transaction fee per transaction:

  • 2% for Domestic Credit/Debit cards and Net banking in the Starter Pack.
  • 3% for Wallets, Cash cards, Diners in the Starter Pack.

Payment options: 

100+ payment options including Wallets and EMI.

Top brands that use PayU:

Byju’s, Swiggy, Zomato, Samsung, Croma, PVR, Box8, Bookmyshow, ixigo, Netmeds,

Click for more details

As a result of the ongoing digital disruption, eCommerce is growing rapidly in India and people are getting used to shopping online. So, if you’re looking for the best payment gateway for your eCommerce business, the above list of top payment gateway in India in 2021 can help you with it.


Paykan Payment Solutions has been developed in order to provide seamless business payment processing services to Indian business entities. It has been included among the top-best payment gateways in India. It provides free integration assistance with a website or app for all major platforms or the merchant can collect payments with its payment links. It supports both domestic as well as international payments and provides Support through Calls, Emails, Live Chat, and Whatsapp.

Settlement time: 

T + 1/2/3 Working Days (t is the transaction date)

Transaction fee per transaction:

  • 1.75 % for Indian Debit Cards, Net Bankings, UPI, and Wallets.
  • 2 % for Paytm Wallet and Credit Card
  • 3.00% for International Cards, Diners, and AMEX, EMI Payments.

*GST is applicable on fees.

Payment options:

120+ payment options including debit cards, credit cards, Net banking, wallets, UPI, and QR code, and  EMI Payments options.

Top Brands that use Paykun:

AAN, Payom, Giggles, HR Khata, Airgunbazaar, Fayonkids, Cantech, IELTSguru, home kart

Click here for more details

Note:- If you are facing any problem with signup for Razorpay and Paykun Payment Gateway, then you can contact us, I will try my best to solve your problem. To contact you can email us or comment in the comment section.


Conclusion: So in this blog, I should give you complete information about payment gateway and which payment gateway you can use for the e-commerce store. And how much does the payment gateway charge for transferring your money to your bank account, I hope you liked the information given by me.

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