Payment Gateways: What the fuss all
about?
Payment gateway is a service that
facilitates online transactions and allows business to accept electronic payments.
Below are the list of popular payment
gateways in India:
PayPal
Established in 1998 in America and started
operations in India in 2013 and a subsidiary of e-bay, PayPal has evolved a lot
offering services like mobile optimized payment platform for customers boosting
mobile commerce, generations of professional looking online bill invoices,
payment through PayPal balance, support for online overseas transactions, fraud
protection and lots more! Including great back-end support for setting up. Bonus
it’s free to setup!
Setup Fees-: Free
Maintenance Charges-: Free
Credit Card charges-: 4.4% + $0.30 USD per sale
Debit Card Charges-: 4.4% + $0.30 USD per sale
Net Banking Charges-: 4.4% + $0.30 USD per sale
PayU
Established in 2011, PayU is another
innovative and feature packed payment gateway service in India. PayU offers
services like Magic retry giving great customer experience by giving them
freedom from re-entering transaction details due to connection drop, payments
on IVR, analytic for monitoring important aspects like success rate of the
transactions, and a great looking UI especially on the mobile platform. Best of
all easy integration through smart API’s.
Setup Fees-: INR 4,900-19,900
Maintenance Charges-: INR 2400/Year
Credit Card charges-: 3.90%
Debit Card Charges-: Transac. Value<=2000 - 0.75% Transac.Value> 2000 - 1%
Net Banking Charges-: 3.90%
CC Avenue
CC Avenue is one of the popular payment
gateway in India offering sweet deals like, CC Avenue store front which help
you to create online store for free! Retry option for failed transaction giving
customers freedom from re-entering details, customization of CC Avenue payment
page allowing you to give your brand essence, Dynamic routing which finds best
gateway for selected bank by the customer, multi-language checkout page with
various Indian languages support including Tamil, telugu and lots more!
Setup Fees-: Free (INR 30,000 for
Privilege)
Maintenance Charges-: INR 1200-3,600 per year
Credit Card charges-: 3.50%
Debit Card Charges-: 1.25 + TDR
Net Banking Charges-: 4%
EBS
EBS is yet another payment gateway in India
giving neck to neck completion to other payment gateways with services like,
Advance refund management for easy refund tracking, analytics with single admin
access and integration through your own CRM so as to integrate well with the
organisation, Payment page customization and not to forget it’s multilingual
supporting various Indian languages like Punjabi, Hindi etc.
Setup Fees-: INR 9,599-23,999
Maintenance Charges-: INR 2,400/Year
Credit Card charges-: 2.75-3.75%
Debit Card Charges-: 1.25-1.5%
Net Banking Charges-: 2.75-3.75%
2Checkout:
Yet another innovative payment gateway offering
services like, multi-language support, fraud protection, mobile optimized UI,
flexible checkout options like hosted and API latter integrates deep into your
website but requires coding, recurring bill facility in case of subscription
and membership based customers. All in all a perfect simple yet powerful
package offering almost all required payment gateway service.
Setup Fees-: Free
Maintainance Charges-: Free
Credit Card charges-: 3.9% + 45c/ transaction (1.5% fee for cross-border payments)
Debit Card Charges-: 3.9% + 45c/ transaction (1.5% fee for cross-border payments)
Net Banking Charges-: 3.9% + 45c/ transaction (1.5% fee for cross-border payments)
Citrus Pay:
Another popular payment service in India
which is also against all odds and offers services like, multi-platform
support, dynamic pricing so that you can add offers and price drops seamlessly!
Email invoicing, single management panel where you can add or delete payment
modes, glance over and refund transactions, and COD rules engines, with
pre-determined rules or you can customize them and you can also filter pin codes
(white list and blacklist) and lots more!
Setup Fees-: Free
Acquaintance Charges-: INR 4,900/Year
Credit Card charges-: 1.9% + Rs.3/Transaction
Debit Card Charges-: 1.9% + Rs.3/Transaction Net Banking Charges-: 1.9% + Rs.3/Transaction