Top 10 Payment gateways in India for merchants and consumers

Best Online Payment Gateways in India

Online shopping has been increased due to many e-commerce websites. Payment Gateway is an application service provider that acts as authorization agent for credit card payments of people who do purchase in online businesses. This payment gateway helps people to avoid unnecessary disturbances. They protect the credit card details by encrypting the sensitive information. In India, there are many payment gateways. People should be benefit from gateways by deciding what company to choose. Ccavenue is the most widely used payment gateway in India that provides transaction in national currency. Ccavenue is connected to various Indian banks and processes all types of cards. It also supports payment in US dollar. Even though it is reliable yet it is the most expensive service.

EBS is the second most widely used payment gateway due to its cheaper plan. It also offers people to choose their custom plan according to their need. Many discounts on choosing multiple plans are also available in EBS. Transecute is more flexible and secure payment gateway available at low costs. There are no setup fee and withdrawal charges. It supports all types of cards like master and visa. DirecPay is a Times of Money service. It has gained big names for its reliability and fast access. They have provided multiple payment plans for setup to facilitate the need of people.

English: Logo of PayPal. Español: Logotipo de ...

English: Logo of PayPal. Español: Logotipo de PayPal. Русский: Логотип системы PayPal. (Photo credit: Wikipedia)

Paypal is a digital wallet based e-commerce site that allows money transfers through the internet. It is the most welcomed gateways over the internet because of its speed. Checkout through Paypal is much easier with just entering the email and password. Only drawback is that it uses foreign currency instead of Indian rupee which in turn incurs charge for currency conversion. ICICI Payseal, a joint venture of ICICI, provides the ICICI bank payment gateway in real time on a reliable web payment method. It is flexible and integrating to user platform is easier.

ABC Payments, operated by IndiaMart is known for its security and reliability. For fast checkout and maximum security it uses a customized PHP shopping cart. Paysignet is the only payment gateway in India that provides earn and pay facility. It supports wide range of domestic as well as international cards. HDFC Payment gateway is a one step solution for setting up electronic Web-store. IndiaPay is the leading payment gateway service on which most of the people trust on. It has strongest security certifications and online fraud prevention solution. Indiapay accepts international payments and multicurrency settlements.