India is up for the ride
of digitization. People now have trust on paying online for their purchases.
They have access to all the online payment mediums, like credit card, internet
banking, several wallets, debit cards, etc. The trend has encouraged many
retailers to go online via websites and apps.
To sell through the
internet, retailers need integrating payment methods to their websites and apps
so that they can accept payment for purchases via online methods.
Now if you also want to
be the part of this game, you will need a website or app which is integrated to
a payment gateway system. You will also need finding the best payment gateway
services out there. No doubt your developers will help you suggestthe best
option available but when money is involved, you must also have information how
deeply you understand they play.
CCAvenue
The top most payment
gateway in India is CCAvenue. All
financial institutions in the country have authorized CCAvenue for accepting
online payments. They accept and validate the internet payments via credit
card, debit cards, net working, ATM-cum-debit cards, mobile payment cash cards,
etc.
- Setup Fee:
Rs. 0
- TDR% :
Credit Cards – 1.99%, Debit Cards – 1.99%, Net Banking – 2.99%
- AMC: Rs 3600
(Waived for 1st Financial Year from the date of Activation)
PayuBiz
PayuBiz is another most popular payment gateway available in the market.
Offering some pretty good features, PayuBiz currently charges the lowest TDR in
the market. Leading online retailers like Snapdeal, Jabong, BookMy Show and
Ferns and Petals are already using PayuBiz. Their payment process seems to be
more customer-friendly than others. Also, they have been maintaining good
customer service levels, too.
- Setup Fee:
Rs. 4900
- TDR% :
Credit Cards – 3.9%, Debit Cards – 3.9%, Net Banking – 3.9%
- AMC: Rs 2400
(Waived for 1st Financial Year from the date of Activation)
EBS
E-Billing Solutions (EBS) is also a widely adopted payment gateway system
owned as a subsidiary byIngenico Group, a global leader in seamless payment.
Now EBS provides world-class products and solutions to supplement its existing
service range.
- Setup Fee:
Rs. 4799
- TDR% :
Credit Cards – 3.75%, Debit Cards – 1.5%, Net Banking – 3.75%
- AMC : Rs
2400
DirecPay
DirectPay is also getting recognition as a one-stop payment gateway
provider for retailers selling goods and services online. They also let
retailers accept payment through cash, checks and demand drafts with an ease. Retailers
can accept payment through multiple payment modes like credit cards, internet
banking, debit cards, mobile payments, etc.
- Setup Fee:
Rs. 5000
- TDR% :
Credit Cards – 6.5%, Debit Cards – 6.5%, Net Banking – 6.5%
- AMC : Rs
2400
Atom Payments
The Atom payment was founded in 2006. The payment gateway company provides
payment services to B2B and B2C companies through Online, IVR, Mobile, and POS
- Setup Fee:
Rs. 35,000
- TDR% :
Credit Cards – 2.99%, Debit Cards – 2.99%, Net Banking – 2.99%
- AMC : Rs
2400
Paytm
Paytm is the new enterer in the payment gateway market and the company has
also been refining the experiencing. Their user interface is quite
user-friendly in comparison to others. Paytm is now powering major online sites
like Snapdeal, Homeshop18, ITC Hotels, Dishtv, PVR, Bagittoday.com, and several
others.
- Setup Fee:
Rs. 5000
- TDR% :
Credit Cards – 2.9%, Debit Cards – 2.9%, Net Banking – 2.9%
- AMC : Rs
2400
PayuMoney
PayU India, the flagship company of Naspers group, provides the
state-of-the-art solutions for payment gateway integration. As a consumer
facing brand PayU allows merchants as well as buyers. Also, the company
provides several tools helping them in growing their sales and accepts payment
anytime, anywhere
- Setup
Fee: ZERO
- TDR% :
Credit Cards – 2.0% || Debit Cards – 2.0% || Net Banking – 2.0%
- AMC: NIL
Here are the things you need to pay attention on while choosing a payment
gateway system
·
Cost of payment gateway integration includes a
one-time set-up fee, commission on every transaction as well as annual
maintenance charges.
·
Integrating a payment gateway is similar to
open a bank account in bank. It’s important that you choose a company which is
proactive in helping their customers and provides the best services possible.
·
Do not choose a payment gateway because it
charges less fees but choose because it’s user interface is user-friendly.
Author Bio :- Sofia is a digital marketing
expert in Rapidsoft technologies, a prominent mobile app
development company which provides iOS and android app development services across the global. She
loves to write on latest mobile trends, mobile technologies, startups and
enterprises
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