Top Payment Gateways to Integrate with my Ecommerce Store
Top Payment Gateways to Integrate with my Ecommerce Store
Collecting payment is one of the vital steps in all eCommerce stores selling a variety of products and services. With most of the online buyers preferring to pay upfront for the products purchased, payment gateways have now become an integral part of all eCommerce stores. A few of the payment gateways even offer to enable collecting payments without the presence of a website too! Apart from credit cards, it has also become quite easy to make payments online with the introduction of online banking and payment apps. Hence, it is important to integrate any of the top payment gateways to ensure a hassle free transaction for the buyer.
Here are a few of the top payment gateways to integrate with your eCommerce store. Choose the one which you feel suits your needs.
Cashfree
Cashfree is one of the top payment gateways of India. It is considered to be a merchant-friendly and one of the most trustworthy payment gateways. The integration to the eCommerce store is quite easy and Cashfree offers lowest transaction charges compared to all other top payment gateways in India. One can accept payments from cards offered by any bank and over 70 banks have been listed in the net banking options. The initial setup fee is waived and there are no annual maintainence fees. The settlements happen following 24 hours the payment gateway supports about 40 different foreign currencies.
Key features
- Lowest transaction charges
- Quick integration
- Zero initial set-up fee
- No annual maintenance costs
- Keywords: Top Payment Gateways
- Wordcount: 1000 wordsInternet banking and domestic card options available
- Visa, MasterCard and American Express cards accepted
- 24 hours settlement
PayUmoney
The payment gateway offered by PayUmoney is also counted among the top payment gateways of India. This is mainly due to the secure services provided by them. PayUmoney has a two-factor authentication process along with 128 bit SSL encryption. This ensures that the payments made by the buyer are safely processed and transferred to your account. PayUmoney offers several features to monitor your transactions and also understand the payment trends. Initial setup fee and annual maintenance fee is zero. They also offer a business account known as PayUbiz for eCommerce stores with a large turnover.
Key features
- Quick integration
- Secure payment gateway
- Zero initial set-up fee
- No annual maintenance costs
- Internet banking and domestic card options available
CC Avenue
This is one among the top payment gateways used widely by majority of the government websites in India. Payments can be accepted from over 200 different providers including netbanking, credit and debit cards, prepaid cards, and EMI cards. Numerous major foreign currencies can also be accepted through this gateway. Although the initial set up fee is not charged, an amount of Rs. 1200.00 is charged as an annual maintenance fee. Nevertheless, CCAvenue is considered as one of the top payment gateways in India due to its wide coverage.
Key features
- Quick integration
- Secure payment gateway
- Zero initial set-up fee
- Annual maintenance costs – Rs. 1200.00
- More than 200 payment options
Instamojo
Instamojo is considered as one of the fastest growing top payment gateways. This gateway has integrated Safe PCI-DSS compliant payment system for secure transactions. All available payment options including netbanking, debit/credit card, payment wallets, UPI and NEFT are integrated in this platform. It is also considered as one of the leading payment gateways in India. However, it does not support international cards. Nevertheless, it offers options such as ‘free online store’ and ‘payment links’ to help small and medium businesses to start accepting payments easily.
Key features
- Quick integration
- Secure payment gateway
- Zero initial set-up fee
- No annual maintenance costs
- Internet banking and domestic card options available
Paypal
Paypal payment gateway is one of the top payment gateways for accepting international payments. It offers seamless transactions for international payments and transfers the amount to the merchant’s bank account within 24-48 hours. Paypal is a trusted international payment gateway which offers buyer protection. However, it should be noted that local (within India) payments in Indian currency cannot be accepted through Paypal. Nevertheless, it supports more than 100 different currencies of different countries all over the world.
Key features
- Limited to international transactions only
- Quick integration
- Secure payment gateway
- Zero initial set-up fee
- No annual maintenance costs
- Per transaction fee along with basic charge for currency conversion
EBS
The payment gateway offered by E-Billing Solutions (or EBS, in short) considered as one of the most secure online payment gateway and is hence listed among the top payment gateways. This company was also one of the first Indian company to achieve PCI DSS 3.0 standards of compliance. As a promotional offer, the initial set up fee of Rs. 9599.00 has been waived off for a limited period. An annual maintenance charge of about Rs. 2400.00 is also applicable. International and national cards can be easily accepted through this payment gateway.
Key features
- Quick integration
- Most secure payment gateway
- Zero initial set-up fee (limited period offer)
- Rs. 2400.00 annual maintenance costs
- International cards accepted
As the number of startup companies increase, a proportional increase in the top payment gateways can also be expected. And as the number of payment gateways increases, better offers and higher security can be a definite feature of the upcoming payment gateways. However, one has to carefully evaluate the options for ease of set-up, ease of transaction (for the buyer), data safety (both for the buyer as well as seller), quick deposit to merchant account and hassle free customer support for the merchant.
A buyer totally relies on the eCommerce store regarding the security of his/her bank data, and hence it becomes imperative for the eCommerce store to invest in the best among the top payment gateways. The eCommerce store owners should always check for the options provided by the eCommerce platforms regarding the payment gateway integration before finalising their option.
