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In today’s modern and developed world there are more and more buying and paying options are available. India is a developing country and here nowadays more and more people are adopting online transactions in B to B ( Business to Business) and also with B to C ( Business to Consumer) mode.
Online payment transactions are very convenient, safe, and secure. They allow you to buy products and services from all over the world.
If you are a seller, you can sell to anyone in the world with an eCommerce website, having a proper payment receiving setup – called a Payment Gateway System (PG) Integrated to it, and a faster internet connection. Your customer can buy with help of a Computer Desktop, Laptop, Tablet, or even with a Smartphone.
Payment Gateway Plays a vital role in the online transaction process, which is the realization of value, and hence it is now seen as an important pillar of eCommerce.
There are so many options available in Payment gateway service providers, also many different payment solutions available, but here we shall discuss the Top 10 Payment Gateway service providers in India for payment gateway integration in eCommerce website part only.
It is very easy but a little tricky to find the best Indian payment gateway system. Please explore and go through the following list with their Feature, Pros, and Cons details.
10 Best Indian Payment Gateways in 2021:
(Note: Listing done here are not as per any rank or order.)
- CCAvenue
- Cashfree
- Razorpay
- Paytm
- PayPal
- PayU
- Instamojo
- MobiKwik
- PayKun
- Atom
People have many questions in mind about payment gateways. Let’s explore and find out.
Some FAQ related to Payment Gateway.
What is payment gateway?
Payment Gateway (PG) is a Payment Transaction System (under Marchant Service) having a highly complicated, secured, equipped with modern digital technology with super-fast cutting edge computers and software.
What payment gateway does?
Payment gateways System works as a mediator between buyers and sellers OR Service taker and service providers.
How payment gateway works?
Payment Gate way System facilitates and transfers money digitally (in person or online) from buyer’s bank account to Seller’s Bank account, Service taker’s bank account to Service provider’s bank account through credit cards, Debit cards, UPI, Net Banking or Personal Wallets as well.
Who can provide payment gateway system?
Payment Gateway providers can be
Any Person / Firm / Bank, equipped with highly secured digital transaction technology or mechanism under series of security norms and certified & authorized by Top Government Body.
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