Top 5 Best Payment Gateways in India (2021) [With ₹500 Bonus]

Best Payment Gateways in India

Are you running an online business or want to sell something online? Then, you may need a payment gateway to accept payments.

A payment gateway is a service that provides different methods of online payment for buyers. Here are the 10 best payment gateways in India.

Best Payment Gateways in India

If you search for payment gateways in India, you can find a lot of them. Choosing the best one is quite difficult that fits your needs.

Hence, here are the best payment gateways with their features, transaction fees & payment methods so that you can choose easily.

1. RazorPay

One of the popular payment gateway used by many sellers in India. It has many payment methods including wallets, international cards, NEFT, etc.

RazorPay - Payment Gateways in India

Features –

  • Custom Payment Pages
  • Run promotional offers
  • Payment gateway Integrations
  • Subscription Plan for customers

Payment Methods –

  • UPI
  • Credit & Debit cards, including International
  • Netbanking
  • Wallets – Mobikwik, Freecharge, Amazon Pay, Ola Money, PhonePe, JioMoney, Airtel Money & Payzapp

Transaction Fees –

  • 2% per transaction (India)
  • 3% per transaction for international cards, EMI & Amex
  • 18% GST applicable on transaction fees
  • For domestic transactions – 2% Transaction charge + 0.36% GST*  = 2.36% per successful transaction. 
  • On International/AMEX/EMI transactions –  3% Transaction charge + 0.54 % GST* = 3.54%.

2. PayU

PayU is another popular payment gateway in India that provides a seamless way to collect payments from your customers.

PayU - payment gateway

Features –

  • Custom website with built-in payment gateway
  • Run subscriptions
  • Payment at the physical store via QR code

Payment Methods –

  • Credit & Debit cards, including international
  • Netbanking
  • UPI
  • Wallets – FreeCharge, Airtel, Ola Money, PayZapp, Oxigen, Yes Wallet, YPay, PayCash, JioMoney
  • Pay Later – LazyPay & Ola Postpaid
  • EMI

Transaction Fees –

  • Zero setup fees & maintenance charges for domestic.
  • 2% + GST (18%) for each transaction. For Example, Customer Paid: ₹ 100, Transaction charge: ₹ 2, GST: ₹ 0.36, Amount settled: 100 – 2 – 0.36 = ₹ 97.64

3. Instamojo

The best platform to sell physical & digital products. One of the old but great payment gateway to set up your own online store & sell things. Read Instamojo Review.

Instamojo - payment gateway

Features –

  • Custom online store
  • Payment gateway integration on the website
  • Various apps & services

Payment Methods –

  • NEFT/RTGS/Bank Transfer
  • UPI
  • Domestic Credit & Debit Cards
  • Netbanking
  • Wallets – Freecharge, Ola Money, JioMoney, Mobikwik
  • International Cards (but not international transactions)

Transaction Fees –

  • 2% of the amount + ₹ 3 per transaction excluding GST for domestic transactions.
  • For Example, Customer pays you: 1000 (Domestic), Instamojo fee: 2% of 1000 + 3 = 23, GST on Instamojo fee: 18% of 23 = 4.14, Amount paid out to your bank account: 1000 – (23 + 4.14) = INR 972.86
  • International Cards – 3% + INR 3


Get ₹500 in your Instamojo account after completing one transaction. How?

Create an account by clicking the button below & receive your first payment to get ₹500 (which is transferred to your bank account after 3 days.

4. CCAvenue

One of the largest payment gateway used by top businesses in India for collecting payments. It is available in many languages & currencies.

Ccavenue - payment gateway

Features –

  • Easy customization
  • Retry Payment option
  • Card storage vault
  • CCAvenue storefront
  • iFrame integration
  • Automated subscriptions

Payment Methods –

  • Credit & Debit Cards, including international payments
  • Netbanking
  • Wallets – Freecharge, Icash, Ebixcash, JioMoney, Mobikwik, Oxigen, Paytm, Payzapp, OlaMoney, TMW
  • Bank EMI

Transaction Fees –

  • Zero setup & maintenance fees
  • 2% per transaction excluding GST
  • 0% for Rupay cards & UPI
  • 3% for International cards

5. Cashfree

One of the payment gateway in India with the lowest transaction fees & excellent features. With multiple bank payment gateways, get the highest success rate.

Cashfree - payment gateway in India

Features –

  • Invoicing & tracking
  • Webstore with product hosting
  • Connect Paypal & Paytm
  • Fast settlements

Payment Methods –

  • Credit & Debit cards with international payments
  • UPI/IMPS/NEFT/Net Banking
  • Wallets – Paytm, Paypal Google Pay, PhonePe, Amazon Pay
  • Pay Later – Ola Money, ePayLater

Transaction Fees –

  • Zero setup fees & maintenance
  • 1.75% on Credit/Debit Cards & UPI
  • 2.5% on Pay Later & Cardless EMI
  • 3.5% + ₹7 on International cards


So, these were the 5 best payment gateways in India to start your online business & collect payments from your customers.

Good Luck!


Which is the best payment gateway in India?

RazorPay is the best payment gateway in India as it offers a lot of features that enhances the user experience.

What is the use of a payment gateway?

Payment gateway is used to collect payments from customers. They offer different payment methods for easy payment for users.

How do I choose a payment gateway?

You should check all the features, transaction fees of all the providers. If most of the features match to your needs, select that provider.

Can I collect payments from international users?

Yes. Many payment gateways offer international debit/credit card transaction. They also offer PayPal as a payment method.

What documents are required to open an account?

To open an account, you will need your PAN card, a bank account to receive payments. You need to do KYC to open a full account.

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  1. Rohit Bajwa says:

    I was going to register on Instamojo but thought to search more gateways. Finally decided to go with Instamojo & got Rs 500 free from your code. Thank you.

    1. Yes, even I use Instamojo & can say that it is quite good.

  2. I use Razorpay & never had a bad experience with them. I will recommend it to everyone.

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