Top 10 Payment Gateway Service Providers in India – Updated

Are you searching for the right payment gateway service provider for your business? Payment gateway service providers in India is increasing fast. The demand for an online transaction is increasing day by day. E-Commerce field is developing as the burning trend among the young entrepreneurs. Here we list down and compare the best payment gateway service providers in India.

Before we proceed let us first understand which important factors to consider in choosing the right payment gateway.

In the E-commerce site, one has to consider the following factors for their payment gateway.
1) Easy transaction for your customer.
2) Less commission.
3) Availability of many payment options.
4) Easy integration.
5) Refund and cash back policies.

There are mainly three elements in processing transactions you must know before selecting payment gateway for your online business. The setup fees, annual maintenance fees, and transaction fees. For small businesses, many companies are not charging any fees for set up and annual maintenance fees. However, for enterprises fees are charged and you should negotiate as much you can.

It is advisable to have at least two payment gateway providers for your online business transactions. If for any reason, one does not work you must have a backup.

List of Top 10 Payment Gateway providers in India


Instamojo started their operation in India in the year 2012. Within a very short time, the company has become one of the largest payment gateway service providers in India. They presently power more than 300000 businesses in India. The security is as good as like banking institutions.  Instamojo provides PCI-DSS compliant online payment gateway environment. It is the easiest to operate and is strongly recommended for small businesses.

Set up fees: Free

Annual Maintenance Fee:  Free

Transaction Fee: Standard fees of 2% + Rs.3

Popular Clients: Online Prasad, UrbanClap, YourStory.

You can create Your Free Instamojo Account Here 


PayUmoney is another very popular payment gateway company for small businesses in India. They enable small business to integrate online payment gateway services seamlessly. In addition to this, the transactions with PayUmoney are secured with 128 bit SSL encryption.

Set up fees: Free

Annual Maintenance Fee:  Free

Transaction Fee: Standard fees of 2%

Popular Clients:  Jabong, BookMyShow, Freecharge, Zomato.

You can create Your Free PayuMoney Account Here 

Read Top 10 eCommerce Platforms to Sell Products Online for Small Businesses


Atom started in the year 2006 is now a very serious player in the payment gateway service sector in India. At present they are powering more than 1,00,000 small business pan India. They have two plans as Standard Plan aimed at startups and another Enterprise Plan.

Set up fees: Free for Standard Plan and 2400 Rupees for Enterprise Plan.

Annual Maintenance Fee: 2400 Rupees for both plans.

Transaction Fee: 2% onwards

Popular Clients:  BigBazaar, Religare, Spicejet, IRCTC, Reliance Securities.

CC Avenue

In India, nearly 85% of Indian e-commerce merchants avail payment gateway services of CC Avenue. MakeMyTrip, Naukri, Myntra, Snapdeal among many others use CC avenue services.

Set up fees: The Startup pro plan is free. However, privilege plan will cost you 30000 Rupees.

Annual Maintenance Fee:  1200 Rupees (Waived for 1st Financial Year from the date of Activation) for startup pro plan. For Privilege plan, the fees are set on a case by case basis.

Transaction Fee: From 1.99% + Rs.3 to 2.99% + Rs.3

Popular Clients: MakeMytrip, ClearTrip, Naukri, AirAsia, Yatra, redBus, Myntra, Snapdeal, etc.


Founded by Satyen Kothari and Jitendra Gupta, Citrus at present is one of the top payment gateway service providers in India. Airtel, Etihad, Healthkart, Localbanya among many companies use Citrus services in India.

Set up fees: Not Required, Free

Annual Maintenance Fee: 1200 Rupees

Transaction Fee: 1.99% Onwards  + Rs.3

Popular Clients: ProfitBooks, Emirates, Etihad, Airtel


E-Billing Solutions (EBS) established in the year 2005 is headquartered in Mumbai. EBS now is a fully owned subsidiary of Ingenico Group.

Set up fees: Ranges from 4799 Rupees to 23999 Rupees depending on the plan you choose.

Annual Maintenance Fee: 2400 Rupees

Transaction Fee: From 1.25%  to 3.75% based on the plan you choose

Popular Clients: BabyOye, Snapdeal, FirstCry


Basically, Direcpay is an arm of Times of Money (Times Group). DirecPay is one of the first Indian payment solutions providing a credit card payment gateway integrated with Debit Cards, Net Banking & Mobile payments along with a fast, reliable and secure passage for processing eCommerce payments. With some of the lowest fees in the market, DirecPay has some distinct advantages to drive your online business in India.

Set up fees: 3 Plans ranging from zero to 20000 Rupees

Annual Maintenance Fee: Ranges from zero to 2400 Rupees

Transaction Fee: 1.25 % to 4 % based on the plan

Popular Clients: Google India, PolicyBazaar,, Indiatimes, PayTM etc.


PayU is a global company owned by Naspers. With an impressive conversion rate of over 12%, Payubiz is a very popular payment gateway in India. Snapdeal, Ola, Foodpanda, Groupon are some of the companies among many are using Payu payment gateway services.

Set up fees: The price ranges from Rs. 4900 to Rs. 29000.

Annual Maintenance Fee: 2400 Rupees.

Transaction Fee: Between 2.20%  to 3.90% based on the plan you choose

Popular Clients: Jabong, BookMyShow, Freecharge, Zomato, Goibibo, Olx, Ola, ShopClues, Pepperfry


Mobikwik payment gateway formerly Zaakpay is a simple and powerful payment solution. It starts accepting payments for your online business instantly. They have two plans. One is for Small Businesses and another for enterprises.

Set up fees: No fees are charged for set up

Annual Maintenance Fee:  Free for both plans

Transaction Fee: Between 1.90%  to 2.90% for the small business plan. For Enterprises, the fees are set case by case basis.

Popular Clients: Uber, Zomato, Trip Factory, Business World.


Razorpay is an online payment gateway which allows Indian businesses to collect payments online through credit card, debit card, net banking and popular wallets including JioMoney, Mobikwik, PayUmoney, Airtel Money, FreeCharge, Ola Money and PayZapp. The company was founded by an IIT Roorkee alumni. They have both free plan and enterprise plan.

Set up fees: No fees are charged for set up for Standard Plan.

Annual Maintenance Fee:  Free for Standard Plan.

Transaction Fee: 2% onwards, however, custom pricing for enterprises having large transactions.

Popular Clients: Quikr, NIIT, Yatra, goibibo.


If you have a small business and looking to pay or receive for small business transactions, try BHIM. Bharat Interface for Money (BHIM) is an app that lets you make simple, easy and quick payment transactions using Unified Payments Interface (UPI). Pioneered and developed by National Payments Corporation of India (NPCI), BHIM has been conceived to bring in Financial Inclusive nation and a digitally empowered society.

The best part is it operates even without internet. You just need to install the app on your mobile phone.

Below is the updated price comparison of the service providers mentioned here. Hope the comparison shown here will help in deciding the right service provider as per your startup needs.

Generally, there are  3 types of Payment Gateway  Service Providers: Distributors, Collectors, and Aggregators.

They all help you to easily accept payments online, however, they differ when it comes to payout, fees, and contracts.


A Distributor delivers one single interface to one or more online payment methods.

You need to contact the bank or financial institution and negotiate commission rates, fees, and payout terms.


A Collector delivers one single interface to one or more payment methods, does collect payouts on your behalf but does not set commission rates or fees.

They enable you to streamline payout for different payment methods (cards, bank transfers, wallets).


An Aggregator delivers one single interface to one or more payment methods, collects the payouts and contracts with banks or financial institution.

You only would need to contract with the Aggregator. They set your transaction fees.

Did we miss out anything? We would like you to share your personal experiences with Indian Payment Gateway Service providers. Let us know which one is the best according to you.

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