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Top 10 Affordable and Secure Payment Gateways in India : One Step Forward to Digital India

Do you compromise what you decide to buy from the shop just because you run out of cash? Don’t have cash with you? Can’t book a taxi just for cash?

Oops!!! You just left the shopping mall without buying your favourite dress just for cash?

Well, you should not comprise with these at all. In India, you can easily pay through the payment gateway and can do whatever want to do instead of not having money. For a better shopping experience, you might wish to integrate safe and secure payment gateway alternatives with your Magento, WooCommerce, Shopify, or Prestashop sites.

Now the question is what is the best payment gateway in India?

Which one is the more secure and cheap payment option for you?

Are you looking for the best payment gateway option in India?

Then, this article is for you. Check it out and wisely pick the most efficient and suitable payment option for you.

Nowadays, the company’s retailers and merchants tend to favour using digital methods of payment.

From large-scale organizations to roadside vendors, every seller is now equipped with a digital wallet. This initiative is really essential to take one step forward to make digital India. There are hundreds of different online payment gateways and digital wallets available on the market. Some of them can be accessed with zero set-up fees. There is also the option for premium features.

Due to the pandemic, contactless payment become the most useful payment method. Digital payment options are a secure solution for conventional cash and check payments and are becoming towards the new normal. This circumstance pushed people toward the digitalisation of money. Online payment penetration has been seeing exponential growth in India.

According to the report of Statista, Online payments in India are expected to increase with a CAGR of over 20% between 2019 and 2023. By the end of 2023, it is assumed that 660 million Indians would be using digital payments.

This study into the Indian digital payment gateway has highlighted factors that can help SMEs boost their revenues. There is the complete guideline of the top 10 cheap and secure payment gateways in India, are listed below.

List of the Cheap and Secure Payment Gateways in India:

If you’re a consumer or a business owner in India, you should look into the following alternatives to choose which one seems ideal for you.

  1. Razorpay
  2. Paytm
  3. CCAvenue
  4. PayPal
  5. BillDesk
  6. PayU
  7. MobiKwik
  8. Cashfree
  9. Instamojo
  10. JusPay


One of the best and first-rated payment gateway providers in India is Razorpay. This payment service was founded by Shashank Kumar and Harshil Mathur in 2013. In October 2020, the business, with a $1 billion valuation, was recognised as an Indian unicorn start-up. The commercial banking division of Razorpay allows end-to-end money transfers.

In addition, Razorpay features the Razorpay Route API for controlling cash flow and splitting incoming payments among partners or individual accounts. Utilize the Magento 2 Razorpay Route plugin to integrate the Razorpay Route API and control marketplace cash flow.


  • API-driven automation that doesn’t need any human involvement
  • Globalized payment options.
  • Features like running deals and rapid checkout are implemented successfully.
  • 100 payment options including Albanian Lek, Arab Emirates Dirham, Australian Dollar, Barbadian Dollar, Bangladeshi Taka, Bermudian Dollar, Brunei Dollar, Canadian Dollar, Russian Ruble, Singapore Dollar etc
  • User-friendly dashboard interface for checking real-time authentic analysis of data
  • simple fusion
  • Invoices after payment
  • accept safe online payments in 92 different currencies
  • Integration of the payment with various webpage
  • 24/7 assistance
  • Saving potential
  • All major international cards are accepted
  • Real-time currency conversion is possible

Transaction costs:

  • 2% on Indian debit/credit cards, net banking, UPI
  • 3% on Diners and Amex Cards, International cards, EMI

Top Users:

Breathing room, FreshToHome, Marrow, Quikr.


Most of the International Transactions are failed.

Visit Razorpay Site


Paytm as the name goes is an abbreviation for ‘pay through mobile’. This Indian fintech company was established in 2010 by Vijay Shekhar Sharma as a DTH and prepaid recharge platform.

The payment gateway’s interface makes it simple for users of all stripes to comprehend how to execute a transaction. Now-a-days, more than 2 crore merchants in India use Paytm’s services, which are currently accessible in 11 Indian languages.


  • Instant activation without any documents and costs
  • Simple integration of 100+ sources of payments
  • Best-in-class success rates
  • All significant payment methods both domestic and international credit and debit cards, net banking, UPI, Paytm Wallet, and Paytm PostPaid.
  • One of India’s most popular checkouts
  • Dedicated assistance for 24/7 via the Marchant helpdesk
  • Support international cards such as Visa, Master, Maestro, Amex, Discover and Diners, and other bunch of payment modes.
  • Easy and simple interface for better payment
  • Faster transactions

Transaction costs:

  • UPI : 0%
  • Netbanking: 1.80% + GST
  • Paytm Wallet: 1.55% + GST
  • Credit Card: : 1.85% + GST
  • Debit Card: 0.4% + GST for amount < 2000, 0.9% + GST for amount > 2000
  • Debit Card (RuPay): 0%
  • AMEX/International: 2.65%*

Top Users:, Dominos, Mint, Pizza Hut, Spotify, Samsung, and Uber.

Visit Paytm Site


CCAvenue was founded by Vishal Metha in 2007 in Mumbai. One of the most reupdated suppliers of payment gateways in South Asia, including India, is CCAvenue. The payment gateway is efficient, secure, and simple to use.

More than 200 payment alternatives are accessible through this CCAvenue payment gateway. CCAvenue serves 85% of the nation’s eCommerce businesses. The capacity of CCAvenue is to handle millions of transactions. The business invented FRISK (Fraud and Risk Identification System & Knowledge) with a focus on security.


  • Mobile payments and Website integration
  • International transaction
  • Allows multiple currency processing such as American Dollar, Australian Dollar, , Bangladesh Taka, Canadian Dollar, Chinese Yuan Renminbi, Euro, Hong Kong Dollar, Indian Rupee, Nepalese Rupee, Omani Rial, Saudi Riyal, Singapore Dollar etc .
  • Invoice generation
  • Recurring payments
  • High security for fraud detection
  • The payment gateway lets you design the payment page as per your requirements by including your company logo, colours, etc.
  • Effective implementation of retry option and smart dynamic routing
  • Fast account activation within one hour
  • Quick and easy checkout process

Transaction costs:

  • For all types of domestic transactions: 2%
  • International transaction: 3%
  • Credit card EMI option: 2%
  • American Express / Amex Diners Club: 4%
  • Multi-currency options: 4.99%
  • Rupay Debit card: Zero interest

Top Clients:

Makemytrip, Yatra, Jabong, Myntra, Snapdeal, Union Ministry of IT, Peta India.


Not much secure as another payment gateway

Visit CCAvenue Site


PayPal is one such payment gateway that is an American financial service company. The original establishing founders of the same are Peter Thiel, Luke Nosek, and Max Levchin. It primarily deals with internet payments and money transfers and operates in several nations, including India.


  • It supports 100+ currencies on its platform.
  • Also has a reach of 400+ million active users and 20+ years of experience in the field.
  • The business setting of PayPal allows you to expand and grow your business without any hassle of the gateway.
  • Secure with 128-bit SLL encryption
  • Zero annual maintenance fee
  • Zero initial setup fee
  • secure and fast payment gateway

Transaction costs:

  • 2% on Indian debit/credit cards, net banking, UPI
  • 3% on Diners and Amex Cards, International cards, EMI

Top Users:

Udemy, MakeMyTrip, ALT Balaji, Gaana

Visit Paypal Site


Indian trusted fintech company, BillDesk was founded by M.N. Srinivasu, Ajay Kaushal, and Karthik Ganapathy in 2000. The corporation offers its customers a platform for online transactions and specializes in managing recurring payments. Users may pay bills including phone, energy, credit card, ISP, phones, insurance, gas, and more with their current bank accounts thanks to the BillDesk payment gateway. With the help of BillDesk’s Secure Sockets Layer (SSL) technology, you can ensure your customers’ online payment security.


  • Secure payment gateway providers
  • Supports recurring payments
  • Regular Email reminders for bill payments

Transaction Cost:

  • If Rs. 1 to Rs. 1500 then the cost will be Rs 11.02 (Rs. 10 + Service Tax @10.2%)
  • If Rs. 1,501 to Rs. 3,000 then cost will be Rs 22.04 (Rs. 20 + Service Tax @10.2%)
  • If Rs. 3,001 to Rs. 4,500 then cost will be Rs 33.06 (Rs. 30 + Service Tax @10.2%)
  • If Rs. 4,501 to Rs. 6,000 then cost will be Rs 44.08 (Rs. 40 + Service Tax @10.2%)
  • If Rs. 6,001 to Rs. 10,000 then cost will be Rs 55.10 (Rs. 50 + Service Tax @10.2%)

Top Users:

Indian Airlines, Airtel, Vodafone, India Today, Reader’s Digest

Visit BillDesk Site


The Netherlands-based fin-tech company, PayU was founded by Naspers Limited in 2014. It is also known as PayUMoney. The business has operational processes in 17 nations. The business offers more than 100 payment options, including buy now, pay later, EMI, UPI, cards, and online banking.

PayU additionally permits the customer personalization of the checkout page, which is a great feature. The company illustrates every transaction after signing up with PayU on the dashboard.


  • Invoice generation
  • Website and mobile integration
  • Simple and attractive interface
  • Facility for recurring billing
  • Multiple currency processing
  • International payments
  • Tracking your earnings on the dashboard
  • Higher success rate and faster payment
  • Allows customization on the checkout page
  • Zero cost for setup
  • Immediate activation without exposing too many information
  • A great transaction experience with functionalities like magic retry, dynamic switching, and auto OTP reading.
  • Better conversion rates are facilitated by zero downtime.

Transaction Cost:

2% + GST per transaction

Top Users:

Netflix, Airbnb, Bookmyshow, Myntra, Goibibo, Redbus, Dream11, and Ola

Visit PayU Site


MobiKwik is founded by Bipin Preet Singh and Upasana Taku in 2009.

Since 2016, this payment gateway is used by more than 1.5 million companies for digital transactions.

This payment gateway is mainly concerned with providing a convenient mobile experience. It has a function that automatically recognises OTPs (One Time Passwords). Website statistics are also presented by the payment gateway.


  • Integration Payment option through mobile and website
  • Supports credit and debit cards, wallets, international cards, UPI, and EMIs with auto-read OTP
  • Online tracking
  • Advanced protection
  • Conversion rate
  • Offer hassle-free safe & secure payment processing
  • Supports multinational transactions
  • Data analysis on websites

Transaction Cost:

  • Credit card, debit card, net banking, UPI, Wallets(GST Extra): 1.90% per transaction
  • International credit card, EMI, AMEX, Diners(GST Extra): 2.90% per transaction

Top Users:

Zomato, Uber and Business World


Does not have the recurring billing facility

Visit MobiKwik Site


Cashfree is the cheapest payment gateway in India. The Bangalore-based payment gateway was founded by Reeju Datta and Akash Sinha in 2015. This payment gateway provides a quick payment service as well as an immediate return option.

In addition to being integrated with eCommerce systems like Shopify and Magento, this platform supports a variety of payment methods. This payment gateway has a solution called “Cashgram”. It provides a web URL that companies may share with customers and use to take payment.


  • No startup charges
  • Generation of receipts
  • Fraud detection
  • Easy to set up
  • Minimal transaction costs
  • Extreme security
  • Facility for recurring billing
  • Instant refund
  • Payment collection automatically
  • Quick refund solution
  • Accepts International payments
  • Processes multiple currencies
  • Integration of a website and applications
  • User-friendly dashboard to keep track of data

Transaction Cost:

  • Net-banking, Credit and Debit card: 1.75% per transaction for 70+ banks
  • Pay Later and Cardless EMI: 2.5% per transaction
  • International cards: 3.5% (Maximum) + 7 INR per transaction

Top Users:

Shopify, PayPal, amazon, google pay, ola money, zomato, cred, puma, keto, oriental insurance, BigBasket, Dunzo, Xiaomi, HDFC ERGO.


Prefer to collaborate with Government Companies.

Visit Cashfree Site


Instamojo is one of the largest full-stack SME platforms in India. This gateway was founded by Sampad Swain, Akash Gehani, and Aditya Sengupta in 2012.

The easiest method to establish an online business is with Instamojo, which offers to function online storefronts, built-in payments, integrated promotional tools, and many more.


  • Handles CRM, analytics, and shipping too
  • Automatic invoice payment
  • Synchronization of a website and applications
  • Supports a wide range of payment methods, such as NEFT/IMPs, wallets, debit/credit cards, UPI, net banking, and international card payments.
  • Simple onboarding procedure
  • Financial analysis
  • Digital purchase
  • 100+ payment solutions
  • Live chat service

Transaction Cost:

  • 2% with Rs. 3 on Indian debit/credit cards, net banking, UPI
  • 3% with Rs. 3 on International cards
  • NEFT/RTGS/Bank Transfer: FREE

Top Users:

Adani Realty, B2X, Dunzo, 91Springboard, and Urbanclap.


Doesn’t allow multiple currencies

Visit Instamojo Site


Vimal Kumar is the founder of India’s most trusted financial company, JusPay.

This versatile and modular payment gateway provides function-reactive programming and domain-specific languages for robust, composable abstractions. One of the most practical, safe, and economical solutions for online payments. This payment gateway also boasts 100% customization flexibility and more than 5 million daily volumes.


  • Mobile & desktop checkout layer
  • Automated 2FA
  • Real-time payment ops
  • Cross-platform
  • Best full-stack UPI merchant solution

Transaction Cost:

Not Fixed

Top Users:

Freecharge, Snapdeal, Airtel, Foodpanda, Swiggy, Zoomcar, Voonik, Zivame, BMS, Amazon, Flipkart, MakeMyTrip, Myntra


Don’t have the advanced dashboard

Visit JusPay Site

You have enough knowledge about the top 10 payment gateway in India. But which one is for you and your business?


Well, there is the comparison just for you to understand it clearly. Hope it will help you to make the decision before choosing the best payment gateway in India.

Payment Gateway Name Setup Charges Annual Maintenance Fees Transaction Cost
Razorpay Free Free ·         2% Razorpay platform fee

·         3% on Diners and Amex Cards, International cards, EMI

Paytm Free Free ·         UPI : 0%

·         Netbanking: 1.80% + GST

·         Paytm Wallet: 1.55% + GST

·         Credit Card: : 1.85% + GST

·         Debit Card: 0.4% + GST for amount < 2000, 0.9% + GST for amount > 2000

·         Debit Card (RuPay): 0%

·         AMEX/International: 2.65%*

CCAvenue Free Peivillege Plan : 30,000/- ·         For all types of domestic transactions: 2%

·         International transaction: 3%Credit card

·         EMI option: 2%

·         American Express / Amex Diners Club: 4%

·         Multi-currency options: 4.99%

·         Rupay Debit card: Zero interest

PayPal Free Free ·         2% on Indian debit/credit cards, net banking, UPI

·         3% on Diners and Amex Cards, International cards, EMI

BillDesk Free Free
PayU Free Free ·         2% + GST per transaction


MobiKwik Free Free ·         Credit card, debit card, net banking, UPI, Wallets(GST Extra): 1.90% per transaction

·         International credit card, EMI, AMEX, Diners(GST Extra): 2.90% per transaction

Cashfree Free Free
Instamojo Free Free ·         2% with Rs. 3 on Indian debit/credit cards, net banking, UPI

·         3% with Rs. 3 on International cards

·         NEFT/RTGS/Bank Transfer: FREE

JusPay Free Premium plan Not Fixed



Payment Gateway Name Support Services Contact Details
Razorpay ·         24/7 Support


·         On weekdays from 9 am to 6 pm

[email protected]


Phone: 1800-123-1272



Paytm Available all weekdays (Verified) [email protected]


Phone: 0120-4440440


CCAvenue Available 24/7 the whole week Phone: +91 22 67425555 / 42465555


[email protected]


PayPal 24*7 customer service


BillDesk [email protected]


[email protected]


PayU Available the whole week (Verified) Phone: 0124-6624801



[email protected]



PayU Support


MobiKwik All Time Customer Service



MobiKwik helpline number: 080-69808686 ( Monday to Saturday 9:00 am to 8:00 pm )




Unit No. 102, 1st Floor, Block-B, Pegasus One, Golf Course Road, Sector-53, Gurugram, Haryana-122003

Cashfree Office Address:


Cashfree Payments India Pvt Ltd,


Vaishnavi Summit, No. 6/B, Summit, 80 Feet Rd, Koramangala 1A Block, Koramangala 3 Block, Koramangala, Bengaluru, Karnataka 560034


Instamojo Available [email protected]



JusPay [email protected]



The digitalization of money is the key to the e-Commerce economy in this modern era. This allows you to establish your eCommerce business on the international level. These 10 payment gateway options in India will help you to grow your business and strengthen the economy.

IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.


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