Your eCommerce business needs to choose the best payment gateway in order to ensure that customers enjoy a seamless and positive experience at the checkout, so what are the key attributes and services that you need your chosen provider to offer?
We have reviewed the main payment gateways in India and taken a look at various aspects of their service so that you can be guided toward the one that offers you great value and gives you want to help you feel confident that your payment options are in good hands.
It should also be noted that popular payment gateways such as PayPal and Stripe, for instance, enjoy a global reputation, but they don’t always compare favourably against Indian based rivals because of their exchange rates and transaction fees, which is why we have focused on providers more suited to businesses based in India.
Top-Rated Payment Gateway - Razorpay
Having already helped more than 5,00,000 businesses to find a digital payment solution and as a result of the advantage that comes with a dedicated business banking arm (RazorpayX) which is designed to make end-to-end money movement easier, Razorpay deserves the top slot.
It offers a number of useful and niche features that your business could find useful, such as Flash checkout, which saves a customer’s card details so that they don’t have to input them again when making a further purchase. This sort of feature can often improve your site conversion rate, and that could make quite a difference to your bottom line.
Other notable features include -
No withdrawal fees
Most payment methods supported, including many international options
24-hour customer support, which is a big plus point when you are running an online store that never shuts.
Next-best - PayU
This payment gateway also supports an impressive number of payment options and it often manages to deliver a seamless checkout experience that allows you to collect payments without the need to redirect customers.
PayU also offers 24/7 customer support and it gives you access to the plugins and extensions you need for mainstream eCommerce platforms like Shopify and Magento.
This provider offers you the sort of essential features that you would expect in order to be able to collect payments as seamlessly as possible, and it also delivers some nice advanced features too.
It doesn’t quite offer the same depth of services or value for money as Razorpay, which is why it fills the second spot.
Third best - CCAvenue
This payment gateway service provider enjoys a popular reputation amongst Indian business owners and it offers numerous features that should enhance your site, with a decent array of payment options that includes multiple international currency processing.
CCAvenue has developed a reputation for delivering an efficient checkout experience and this translates into a high transaction success rate, which is always good news for your business.
Another nice feature is the fact that it allows you to generate invoices.
All of these payment gateways have something about them to recommend but Razorpay offers the greatest range of services and best value for money, based on the features we have reviewed for a number of services we analyzed before reaching this conclusion.