Payment Gateways Popular in India 2021

Payment Gateways India 2021: We have already discussed the origin and what payment gateways are. If you don’t already know about it, you can then go through the blog “Top 5 Payment Gateways around the world”. Now let’s move directly to the topic of our interest “Top 5 Payment Gateways in India”.

Choosing the best payment gateways is quite a difficult task to generalize for everyone but we have tried our best to give you a satisfactory answer to your question. 

Factors while deciding a Payment Gateway

  1. Payment gateway cost i.e, Setup fee, TDR, Annual free, and more
  2. Total Time to set up a payment gateway to your website or application
  3. User Interface and User Experience of the gateway matters a lot
  4. Payment options
  5. Aftersale Support

We’ve carefully picked the 5 best Payment Gateways suitable for small businesses. I have compared these gateways based on the parameters mentioned above.

1. CCAvenue

CCAvenue is one of the first Payment Gates in India and was launched in 2001. It has recently updated the UI and merchant dashboard to be more interactive and easy to use.

It supports almost all the banks for payment options and is available in 18 languages, including various Indian regional languages. 

Back in 2014, the onboarding time was about 15-20 days which was quite too much for the startups. But now after their system upgrade, the total time amounts between 24-48 hrs. 

It also accepts 27 foreign currencies including American Dollar, Euro, Australian Dollar, UAE Dirham, and much more.

Settlement time:

  • One week.
  • Transaction fee per transaction
  • 2% – 3% of the transaction amount for domestic Credit/Debit cards.
  • 2% of the transaction amount for digital wallets.
  • 0% for UPI payments in India.
  • 3% – 4% of the transaction amount for international Credit cards.
  • Payment options
  • 200+ payment options including EMI options.
  • Top brands that use CCAvenue
  • Myntra, Lakme India, Airtel, Bookmyshow.

2. RazorPay

RazorPay was founded in 2013 and since then has grown massively. Razorpay has launched various innovative products such as UPI auto pay, Payment links, Subscriptions, Smart Collect, and Payment Pages.

Payment Gateways India 2021, All these payment ways were brought only to ease the life of Indian customers.

Transaction fee per transaction:

  • 2% of the transaction amount for Indian consumer Credit/Debit cards, Net banking, UPI, and Mobile wallets.
  • 3% of the transaction amount for International Credit/Debit cards, Diners, and Amex cards.
  • 18% GST applicable on the transaction fees.
  • Payment options:
  • 100+ payment options including PayLater and NEFT/RTGS payments.
  • Top brands that use Razorpay
  • Goibibo, IRCTC, Grofers, Zoho.

3. Cashfree – Payment Gateways India 2021

Cashfree is one of the top payment gateways in India that enables organizations to send and receive payments.

It examines the design of your site or application and offers iframe, popup, keen investigation, and different highlights.

It likewise underpins various eCommerce CMS frameworks and has prepared to utilize incorporations for Shopify India, WooCommerce India, and Magneto.

Settlement time: 

  • 24 hours – 48 hours.
  • Transaction fee per transaction
  • 1.95% of the transaction amount for UPI, Digital wallets, Net banking, and selected Credit/Debit cards.
  • 2.5% of transaction amount for Pay later and Cardless EMIs.
  • 3.5% of transaction amount + INR 7 for international Credit/Debit cards.
  • Payment options
  • Top brands that use Cashfree
  • Zomato, Dunzo, Xiaomi, Zoomcar.


It supports all major eCommerce CMS systems including Magneto and OpenCart.

Instamojo comes with a unique feature. with Instamojo, you can make a merchant account even without a site.

It is considered as outstanding amongst other payment gateways for the acquisition of music, videos, and so forth as the installment cycle is speedy and has bank-level security.

It underpins all major eCommerce CMS frameworks including Magneto and OpenCart.

Settlement time:

  • 3 working days.
  • Transaction fee per transaction
  • Free for NEFT/RTGS/Bank transfer
  • 2% + INR 3 – Debit/Credit cards, Net Banking, Wallets, Pay later.
  • 3% + INR 3 – International Cards and American Express Cards. 
  • 18% GST applicable
  • Payment options
  • 100+ payment options containing NEFT/RTGS/Bank transfer and EMI. 
  • Top brands that use Instamojo
  • UrbanClap, Dunzo, Alt news, Adani Realty.

5. EBS – Payment Gateways India 2021

In case you’re looking for a top payment gateway in India that are approved by security and cycle submission adhered to by ISO 27001-2013 Standard, EBS is the one for you.

It likewise has an ‘auto-retry’ highlight for your clients that diverts them to a delegate page to pick another payment choice when the first Paymentment alternative fizzles. 

  • 2-3 days
  • Transaction fee per transaction
  • 2% for Domestic Credit/Debit cards and Net banking.
  • 3% for Wallets, Cash cards, Diners 
  • Payment options
  • 100+ payment options – Wallets and EMI.
  • Top brands that use EBS
  • Snapdeal, FirstCry, Sikkim tourism, J&K tourism development corporation.


Payment Gateways are steadily evolving in India. Aside from conventional payment gateways, we presently have alternatives to acknowledge cash utilizing versatile wallets.

The government is additionally pushing for online payments by dispatching UPI and Bharat QR. 

According to my experience, you should offer significance to various payment options based on, simplicity of joining.


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