There are many payment gateways currently operating in India. All the payment gateways work towards making online or digital payments easier for us. Each payment gateway has it’s own interface, promises it’s own level of security and has it’s own perks for using them. But the question arises that which one is the most liked one and used by most companies or organizations in our country? You might guess paytm, Let us find out:
1.Razorpay – Razoppay was co-founded by Harshil Mathur in 2014. Harshil is also the current CEO of Razorpay. He has led Razorpay to become one the top used payment gateways of India.
It is an online payment gateway that accepts payments from customers and then it automatically pays it out to the vendors and employees. Razorpay allows us to make the payments through UPI, wallets, net banking, debit cards, credit cards and digital wallets such as JioMoney, Mobikwik and others. Razorpay has made it’s name by working with leading market brands such as UrbanClap, Groofers, Unacademy, Bookmyshow and Zoomcar among many others. Razorpay has end to end encrypted transactions which makes it really reliable and also gives us a sense of security. It also has a really smart and advanced Razorpay router API which is able to integrate with Magneto 2. This helps us to manage the flow of money and lets us decide weather the money should be paid among parties or it should be paid to individuals. It leaves us with a really pleasing customer experience. It has many features some of which worth mentioning are Instant activation, more than hundred payment modes, very good technical support, user friendly interface, it is API driven and many more.
2. Cashfree – Cashfree is one of the best online payment gateways of India. It is used by more than 50,000 companies and organizations across our country. It is one of those payment gateways that supports instant refunds and that is why it is prefferd by a lot of business organizations. It is really easy to integrate and has managed to integrate with Shopify. Many giant market brands such as Amazon pay, Google pay, Ola money, Zomato, Cred, Puma, Oriental Insurance among many others are the users of this gateway. To get started, you have to first sign in into cashfree. You first need to create a business profile, choose a product that suits your interest and then you have to get your account verified by cashfree. Once your account is verified you are pretty much ready to go.
3. Paytm – Paytm payments gateway is largely choosen by the market industries due to reliability and good infrastructure. It has the best success rate in the industry. There are close to nil payment stuck amount debited reports when using this gateway. This gateway is considered a true giant in the world of payment gateways and this is proven by over 350 million saved instruments, more than 250 million saved cards, more than 15 million UPI IDs and more than a hundred million bank accounts. It supports all the payment methods that you could name or are available in India. It is also very cost effective as it is about 50% cheaper as compared to other gateways. It is due to this cheapness that it is preferred by a large number of small and medium scale businesses as well. It is easy to integrate as it is easily integratable with Magento, Shopify, WordPress among many others. It is highly encrypted and very secure. It is trusted by a chunk of world leaders such as Airtel, Jio, Vodafone-idea and government websites such as IRCTC, MPKVVCL and what not.
As you’ve found out the Best Payment Gateway, have a look at the best cryptocurrency.