Payment Gateway Comparison India 2016

Payment Gateway Comparison India 2016

Second, the best way to check the TDR’s is to do an actual site check on the pricing. As the transactions increase, you can always negotiate lower TDR’s. Over the next three years, PayU, which claims 70% market share among e-commerce players for its payment gateway, expects mobile wallet revenues to go up to a quarter of its total revenue and in the following two years, to half its revenue.”Building a consumer-facing story for the payment business has been tricky in the past. Debit cards account for more than 55% of online transactions. As the transactions increase, you can always negotiate lower TDR’s. So if wallet has more customers, merchants are keen to partner with the wallet provider. Second, the best way to check the TDR’s is to do an actual site check on the pricing. Thus the total amount per Rs. 1.4045.Third, make sure to get the lowest Setup Fee possible. Transactions are the actual payments your customers are going to credit to your account through the payment gateway. There will also be a service tax of 12.36%. “We don’t want to be an end-consumer play,” says CEO Kumar Karpe.Intense Competition Squeezes ProfitsIncubated by ICICI Ventures during the last dotcom boom, TechProcess now has other investors, including the likes of Greylock Partners, Battery Ventures, Nokia Growth Partners and W Capital Partners. A Review of Major Payment Gateways in India – Zepo: The eCommerce Blog for Small BusinessesUpdated 102w ago • View Upvotes. Approaching directly may not turn in your favour. Approaching directly may not turn in your favour. Since then, CCAvenue, the payment gateway business, has seen two inflection points – one in 2004 when online travel booking took off and the second in 2011-12, when recharges, utility payments and online shopping took off. Choose your payment gateway wisely as switching over is a tough task due to lots of documentation process involved for themYou can find the comparison for all major payment gateways in India here. So if you are expecting low amounts of money per transaction you should focus on getting low TDR’s for Debit Cards alone.

Payment Gateway Comparison India 2016

First, we need to find out what type of transactions you are likely to have on your payment gateway. In India, the TDR rates of Credit Cards and Net Banking are always higher than those of Debit Cards. 100 will be Rs. It is high-risk, high-reward,” says Paytm’s Sharma, who has chosen to be only in the mobile wallet business and use its payment gateway internally. Debit cards account for more than 55% of online transactions. You can always check out resellers like E commerce platforms for they get cheap commercials due to the volume of merchants they bring in to these payment gateway providers.All in all, it matters on your margins and how much can you spare per transaction. This is where you create individual invoices for your customers by logging into a dashboard and each invoice could be different amount. If you see the TDR’s you will find them to be extremely competitive with Debit Cards remaining at 1.25% i.e for every Rs.100, you will have to pay Rs.1.25 to your payment gateway provider. They are always negotiatable and will depend upon the total amount of transactions you do per month. “We don’t have a B-to-C (businessto-consumer) strategy, so we don’t spend millions on acquiring customers the way wallet companies do,” says Patel, who has instead chosen to go to newer markets overseas and launch local language offerings in India rather than launch a wallet.TechProcess Payment Services, earlier known as Billjunction.com, has also chosen to stick to the payment gateway business even as it has built a nifty mobile app interface that connects to its mobile-ready gateway. This is where you create individual invoices for your customers by logging into a dashboard and each invoice could be different amount. And for the top 3-4 four winners, there is a fortune to be made.

Payment Gateway Comparison India 2016

Tanya Rao, Inquisitively Curious4.1k ViewsFirst, we need to find out what type of transactions you are likely to have on your payment gateway. Thus the total amount per Rs. Below I am adding the links to the pricing pages of the famous payment gateways in India.PayUPricing Options for CCAvenue Payment GatewayPricing Options for EBS Payment Gateway in IndiaNow, don’t let the pricing shown on the sites scare you. “Right now, it’s only the start,” he says about the story that is unfolding in the payments business. There will also be a service tax of 12.36%. It has come to a point where it can’t reduce further,” says Mobikwik’s Singh, whose firm has shifted focus to the mobile wallet business and away from its gateway.PayU’s Gupta admits that margins in the payment gateway business are getting squeezed and have gone from 45% to single digits to negative for the industry. However, if you were into selling expensive electronics like T.V’s, Fridge, you are likely to face more of transactions through credit cards. However, if you were into selling expensive electronics like T.V’s, Fridge, you are likely to face more of transactions through credit cards. They are always negotiatable and will depend upon the total amount of transactions you do per month. Below I am adding the links to the pricing pages of the famous payment gateways in India.PayUPricing Options for CCAvenue Payment GatewayPricing Options for EBS Payment Gateway in IndiaNow, don’t let the pricing shown on the sites scare you. 1.4045.Third, make sure to get the lowest Setup Fee possible. “But we are still able to maintain high single-digit margins,” he maintains.The difference between the payment gateway business and the mobile wallet business is that the mobile wallet provider owns the customer. In India, the TDR rates of Credit Cards and Net Banking are always higher than those of Debit Cards. Additionally, of the estimated 810 prepaid mobile connections in use today, only about 3% are currently recharged online, providing significant headroom to grow. But everyone, including the venture-funded ones like TechProcess, are feeling the pinch as competition to win customers becomes more intense and firms drop prices even below their costs.”There is no differentiation in the payment gateway business, so prices keep going down.

Payment Gateway Comparison India 2016

 

If you see the TDR’s you will find them to be extremely competitive with Debit Cards remaining at 1.25% i.e for every Rs.100, you will have to pay Rs.1.25 to your payment gateway provider. Also, you might need to explore the idea of EMI’s as they have different TDR’s as well.Suppose you are not selling products per se but are looking for selling services, then you will need to mention that you work on an invoice model. Transactions are the actual payments your customers are going to credit to your account through the payment gateway. Then, you will need to focus on credit cards. 100 will be Rs. Also, you might need to explore the idea of EMI’s as they have different TDR’s as well.Suppose you are not selling products per se but are looking for selling services, then you will need to mention that you work on an invoice model. You can always check out resellers like E commerce platforms for they get cheap commercials due to the volume of merchants they bring in to these payment gateway providers.All in all, it matters on your margins and how much can you spare per transaction. Then, you will need to focus on credit cards. So if you are expecting low amounts of money per transaction you should focus on getting low TDR’s for Debit Cards alone. Choose your payment gateway wisely as switching over is a tough task due to lots of documentation process involved for themYou can find the comparison for all major payment gateways in India here. As a result of e-government projects that were implemented in the last few years, Patel expects another 1,800 utilities to go live in 2015-16 bringing a bigger boost.

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