Hello E-commerce Friends,

Setting up an E-commerce store involves a lot of stuff to consider. One of them is selecting a payment gateway to accept online payments from customers.

With the rise of digitalization, mobile usage, and more perception of cashless payments, people find digital payments more favorable. 

A couple of years ago, setting up payment gateways in India was a daunting task. It required verification, documentation, technical knowledge, and a large setup process. But now, setting up a payment gateway for online businesses has become a no-sweat task.

Points to be considered while setting up a payment gateway

  • Overall payment gateway cost inclusive of the setup fee, annual fee, and Transaction Discount Rate (TDR).
  • Settlement time of the payment gateway (The time taken for the payment gateway to deposit the fair amount into your account).
  • The user interface of the payment gateway.
  • Options for payment such as Debit cards, Credit cards, UPI, Netbanking, Mobile Wallets, etc.
  • CMS support.
  • Mobile app compatibility.
  • After-sale support and customer care.

In India, there are numerous payment gateways to allow customers to pay online smoothly. Here, we have filtered out the 10 Best Payment Gateways India in 2022.

Quick Comparison Guide:

Payment Gateway Settlement Time International Transaction Fee
Razorpay 3 Days 3% + 18% (GST)
PayTM 2 – 3 Days Not supported
CCAvenue 7 Days 3% – 4%
PayU India 2 Days 3% + GST
PayKun 1- 3 Days 3%
Instamojo 3 Days 3% + INR 3
Cashfree 24 hours – 48 hours 3.5% + INR 7
Billdesk 3-5 days 0.90% + INR 5
EBS 2 – 3 Days INR 7
PayPal Auto-withdrawn on a daily basis 4.4% + US$0.30 + Currency conversions charges

Let’s learn more about them.

10 Best Payment Gateways in India 2022:

Here are some of the popular and hand-picked Payment Gateways in India.


Razorpay is one of the exclusive payment gateways in India that offers online businesses to manage the entire process of payments including accepting, processing, and distributing payments effortlessly with its product suite. Setting up Razorpay is very simple and it accepts all types of international cards. Another advantage of Razorpay Payment Gateway is that it easily integrates on all platforms and plugins for major E-commerce platforms.

Key features:

  • Transaction fee – 2%
  • Multi-Currency payment processing
  • Invoices
  • Integrated Merchant Account
  • International cards, EMI and Amex – 3% 
  • Simplified Integration
  • Invoice Payments
  • Debit Card Support
  • Start in Minute
  • Flat Transaction Fee
  • Online Payment
  • Secured server
  • Setup fees – Zero
  • Annual maintenance charges – Zero
  • GST applicable of 18% on the transaction fee
  • Multiple Payment Types
  • Multiple Merchant Numbers
  • Payment Processing
  • Internet Merchant Account

Leading brands using Razorpay Payment Gateway:

Facebook, Airtel, Swiggy, Zerodha, Curefit, Disney-Hotstar, 1mg.


PayTM is another payment gateway that supports all types of payment options including debit card, credit card, net banking, UPI, wallet. The store merchants can start accepting payments from customers in minutes with no documents and no onboarding charges.

Key Features:

  • Setup Cost – Zero
  • Easy integration
  • Industry-best success rates
  • Instant activation
  • Dedicated support
  • Maintenance Charges – Zero
  • 100+ payment sources
  • Paytm Wallet, Credit Card, Netbanking – 1.99%
  • India’s most widely-used checkout

Top brands using PayTM Payment Gateway:

Adani, Jio, Zomato, Oyo, Uber, Swiggy, and more


CCAvenue is another popular payment gateway in India that supports 200+ payment options including 6 Credit Cards, 58+ Net Banking, 97+ Debit Cards, 13 Prepaid Instruments, 15 Bank EMI. It also supports 27 major currencies for payment so as to accept worldwide payments from customers. 

Integrate the CCAvenue Payment Gateway for Magento 2 which will enable you to help customers pay via various payment methods. Multilingual language support of over 18 major Indian and International Languages.

Key Features:

  • No Startup Fee
  • Mobile payments
  • Website integration
  • Transaction Fee – 2.00% (Domestic), 3.00% (International)
  • International transaction
  • Allows multiple currency processing
  • Invoice generation
  • Annual Maintenance Charge – INR 1200
  • Fraud detection system
  • 200+ payment methods
  • 24/7 support
  • Recurring payments

Top brands using CCAvenue Payment Gateway:

Baggit, Myntra, Lakme, Airtel, Vistara, Starbucks, and more.

PayU India

PayU is India’s most scalable and stable payment gateway solution that is suitable for all types of businesses. PayU payment gateway accepts online payment with no development effort, easy sign-up, and a quick onboarding process.

Key Features:

  • Website and mobile integration
  • Annual Maintenance Charge – Zero
  • Transaction Fee – 2% + GST
  • Invoice generation
  • Facility for recurring billing
  • Dedicated account manager
  • 100+ foreign currency
  • International Cards Fee – 3% + GST
  • Multiple currency processing
  • Supports all major CMS systems.
  • International payments

Top brands using PayU Payment Gateway:

Netflix, Ola, RedBus, BookMyShow, Airbnb, Dream11, and more


PayKun has been included amongst the best payment gateway providers in India. It supports 120+ payment options to make an online payment. PayKun involves easy integration and a smooth onboarding process.

Key Features:

  • No Annual Maintenance Charges
  • No setup fees
  • Allows multiple currency processing
  • Easy website integration
  • Payment invoice generation
  • 100+ payment modes
  • Indian Debit Cards, Net Banking, UPI, Wallets – 1.75%
  • Paytm Wallet and Credit Card – 2%
  • Easy mobile integration
  • International Cards – 3%
  • Card saving facility

Top brands that use Bill Desk Payment Gateway:

IELTS, Brahma Kumaris, AAN, Gujju Kirana, and more.


The major benefit of Instamojo is that you can even create a merchant account without having a website. It is a suitable payment gateway for all sizes of businesses to easily accept payments from their customers.

Key Features:

  • Annual Maintenance Charge – Zero
  • Setup Fee – Zero
  • Online store
  • Electronic invoice payment
  • Recurring payment
  • Payment analytics
  • Live chat facility
  • Per transaction fee – 2% + INR 3 (Excluding GST)
  • Website and application integration
  • International Cards and American Express Cards – 3% + INR 3 
  • Easy Onboarding process
  • Supports all CMS platforms Magento, Prestashop, OpenCart, etc.
  • 100+ payment modes

Top brands using Instamojo Payment Gateway:

Urbanclap, Springboard, Adani, Dunzo, Shriram Properties, Zepo, and more


Cashfree is the top payment gateway that helps businesses to accept and distribute payments. Supports 100+ payment options and 30+ international currencies. It also supports CMS platforms like Magento, Shopify, WooCommerce.

Key Features:

  • 1.75% per transaction – Visa, Mastercard, UPI, Netbanking
  • No setup cost
  • Recurring billing facility
  • Fraud checking
  • Auto collection of payment
  • Low transaction fee
  • High security
  • Instant refund
  • Website integration
  • 2.5% per transaction – Pay later and Cardless EMI
  • Invoice generation
  • 3.5% + INR 7 – International Cards
  • Easy to configure

Top brands that use Cashfree Payment Gateway:

Delhivery, Xiaomi, Zoomcar, Dunzo, BigBasket, and more


Billdesk by IndiaIdeas is one of the most relied-on online payment labels in India. The firm was founded in 2000 and specializes in handling frequent fees. Accumulate bills or uniform payments from your consumers utilizing the Billdesk payment gateway.

Key Features:

  • 24*7 support service
  • Secure payment gateway providers
  • Regular Email reminders for bill payments
  • Supports recurring payments


Ingenico ePayments India Private Limited is the first Indian merchant account provider to achieve the PCI DSS 3.0 standards of compliance. It is also certified by security and process adherence followed and audited by ISO 27001- 2013 standard. Hence, it is one of the secure payment providers in the world.

Collect payments from your Magento customers securely with the help of EBS Payment Gateway for Magento 2.

Key Features:

  • Annual Maintenance charge – INR 2400 (every year)
  • Supports 11 major foreign currencies.
  • 2% – Domestic Credit/Debit cards and Net banking
  • 3% – Wallets, Cash cards, Diners

Top brands that use EBS Payment Gateway:

Kerala, babyoye, Sikkim tourism, Policybazaar, FirstCry, J&K tourism, and more


PayPal is the global payment gateway to accept payments from all over the world. It supports 200+ countries and is trusted by over 377 million active, registered accounts. That is why if you are accepting payments from customers worldwide, PayPal is a great payment gateway option for your E-commerce store.

Key features:

  • Website integration
  • No maintenance charge
  • Electronic invoice
  • Transaction fee – 5% + 3 INR per transaction
  • International transaction
  • Fee-based on currency received – varies for a different currency.
  • Card details can be saved
  • Fraud protection service
  • multiple currency processing is allowed
  • Recurring payment
  • Mobile payments allowed
  • 24/7 customer support

Top brands using PayPal Payment Gateway:

MakeMyTrip, Firstcry, PVR cinemas, Yatra, and more

Final Say

With the rise of digitalization, online payments are rapidly increasing. Apart from payment gateways, there are options for wallets to accept money. While choosing a payment gateway you should give importance to the payment options that provide ease of integration and customer support.

Grab the Magento 2 Payment Gateway Integration Service and let us do all the payment integration work for you! 

I myself would recommend 2 or more payment gateways to choose from for your E-commerce store in order to provide flexible options of payments to customers.

Happy Reading!


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