- SH Start High gateway:
- Pros: User-friendly interface, supports international payments, offers a suite of products from payment links to subscriptions.
- Cons: Some users have reported delays in settlements and issues with customer support.
- Paytm Payment Gateway:
- Pros: Widely recognized brand in India, seamless integration, supports a variety of payment methods.
- Cons: Transaction charges might be higher compared to some competitors, occasional technical glitches reported by users.
- CCAvenue:
- Pros: Offers multiple currency processing, a vast number of payment options, multilingual checkout page.
- Cons: The user interface might feel slightly dated, and some users have reported challenges in the integration process.
- Instamojo:
- Pros: Easy to set up, offers features beyond just payments like online store creation, and digital product hosting.
- Cons: Per transaction fees can be higher than some other gateways.
- Cashfree:
- Pros: Provides a comprehensive set of payment solutions, including payouts, auto-collect, and marketplace settlements. Competitive pricing.
- Cons: Customer support experience varies according to user feedback.
- PayU (earlier PayUmoney):
- Pros: Reliable and robust platform, supports a wide range of payment methods, and has a significant presence in the Indian e-commerce landscape.
- Cons: Some users have reported issues with the refund process and customer service response times.
When selecting a payment gateway for your business in India, consider the following factors:
- Transaction Fees: This is crucial for businesses, especially those with high transaction volumes.
- Integration: How easily the gateway integrates into your existing platform or website.
- Supported Payment Methods: In India, it’s crucial to support UPI, wallets, net banking, and of course, credit/debit cards.
- Customer Support: Efficient customer support can make a huge difference, especially in the event of transaction failures or refunds.
- Settlement Duration: How quickly the payment gateway transfers the money to your bank account.
Always refer to updated user reviews, preferably from recent months, to get a current sense of the strengths and weaknesses of each platform.