Payment Gateway Comparison India

Payment Gateway Comparison India

Although there is no setup fee involved they charge an AMC of Rs 4900 every year. However, at the time of writing, Payzippy isn’t accepting new customer or merchant accounts. There’s no way you can expect the higher number of sales without a payment gateway. What is a Payment Gateway? I’m sure you’ve seen an EFTPOS while shopping at stores, the black box-like device that the cashier uses to swipe your card? A payment gateway is the online equivalent of that. EBS Owned by Ingenico group and offices based in most metropolitan cities of India including Kolkata and Delhi, EBS is a slightly pricier option as they come with a setup cost of Rs 11,999. Instamojo A lot of websites that deal mainly in selling services opt for this payment gateway. Then your account that is also referred to as the merchant’s bank account and that will have a payment processor already set up to receive this information will then communicate with the card company. With an Indian e-commerce giant like Flipkart backing this payment gateway, this is worth the consideration.

Payment Gateway Comparison India

One of the biggest challenges that people face in this situation is choosing a payment gateway. The bank then sends an approval back to the card company (Visa) who sends an approval to the merchant’s bank, who in turn sends an approval to the payment gateway and which approves the transaction to the website. With claims of simple and transparent pricing options, they charge 0.75% for less than Rs 2000 worth transaction and 1% for transactions exceeding Rs 2000. Instamojo A lot of websites that deal mainly in selling services opt for this payment gateway. The entire process would hardly take half a minute, but there’s a lot going on behind the scene. Their commissions rates are also pretty much in tune with other payment gateways in India. Instamojo will help you collect payment through links. Because conducting payments over a payment gateway offloads your customer’s card details without storing it. Citrus Pay Another known name in the circuit, probably their USP lies in the fact that they can capture an impressively high number of transactions. Then a series of checking would be done, like Visa would determine which bank had issued them that card, and if the customer has enough credit (or account balance in case of a debit card) to make this purchase. And that means your customers’ personal financial details aren’t hacked into. There’s no way you can expect the higher number of sales without a payment gateway. Although there is no setup fee involved they charge an AMC of Rs 4900 every year. They have a variety of payment options and claim to boost your sales by 12% through dynamic switching, mobile optimized page, and other features. They charge no setup fee or AMC and have a flat rate of 1.9% Here is a comparison chart with all the basic details of the seven payment gateway options. PayUbiz With customers like Snapdeal, Bookmyshow, and Goibibo.com, PayUbiz is a trusted name in itself. Payzippy This is a Flipkart group brainchild and besides being their payment gateway, Payzippy does have other popular websites like Lenskart and Zansaar as their clients. A payment gateway is an application service provider that process credit card information and authorizes card payments for online retailers. They have a flat transaction rate, which is 1.99% + Rs 3, and their seamless multi-device compatibility makes it easy to pay on any device. Touted best for startups and small businesses who aren’t looking to shell out a lot of money for a payment gateway, not only Zaakpay comes with no setup cost but they also provide you with pricing quotations based on the type of business you have. Zaakpay This payment gateway is on the list mainly because of its customized service. In our example, the company is Visa. With an Indian e-commerce giant like Flipkart backing this payment gateway, this is worth the consideration. Plus you would also be expected to cough up Rs 2400 as Annual Maintenance Fee. Although this is a pretty comprehensive take on the availability of payment gateway options in India, if you are looking to get one installed make sure you choose one that complements your requirements best. Zaakpay charges an AMC of Rs 2400 from second year onwards. You can send a link to your customer, and they’ll enter their card details and make the payment without even going to your website. With payment through multiple currency options and zero setup fee, this is a popular option. Zaakpay charges an AMC of Rs 2400 from second year onwards. In our example, the company is Visa. With claims of simple and transparent pricing options, they charge 0.75% for less than Rs 2000 worth transaction and 1% for transactions exceeding Rs 2000. Instamojo will help you collect payment through links. They, however, do charge AMC from a year after the date of setup. They claim to have the lowest debit card pricing as they charge 0.75% commission for transactions lower than Rs 2000 and 1% for transactions exceeding Rs 2000. The bank then sends an approval back to the card company (Visa) who sends an approval to the merchant’s bank, who in turn sends an approval to the payment gateway and which approves the transaction to the website. With payment through multiple currency options and zero setup fee, this is a popular option. Payzippy offers PSI DCC certified services. If you, however, aren’t deterred by the cost associated with this payment gateway, they do have a number of plans that you can choose from. A payment gateway is an application service provider that process credit card information and authorizes card payments for online retailers. And thus improve the overall conversion rate. Payzippy offers PSI DCC certified services. Best Payment Gateways in India CCAvenue One of the oldest names in the world of payment gateways, you might have come across this if you did online shopping before it became mainstream. For instance, they charge somewhere between 1.25% and 1.50% for debit card transactions. Also, note that when you choose to install a payment gateway is because you need to earn the customer’s trust. If you, however, aren’t deterred by the cost associated with this payment gateway, they do have a number of plans that you can choose from.

Payment Gateway Comparison India

You can send a link to your customer, and they’ll enter their card details and make the payment without even going to your website. Because conducting payments over a payment gateway offloads your customer’s card details without storing it. They claim to have the lowest debit card pricing as they charge 0.75% commission for transactions lower than Rs 2000 and 1% for transactions exceeding Rs 2000. BY Prathamesh Landge IN E-commerce Blog October 12, 2015 No comment 0  If you’re off to setting up an e-commerce business or any website that facilitates payment transactions via the internet, then you need to read this piece. But you can keep a tab on them to check the current status. And thus improve the overall conversion rate. Not only do they offer a horde of payment options like debit cards, net banking, credit cards, ATM cards, Bank IMPS, Bank EMIs and prepaid instruments, they also keep introducing new changes regularly. Touted best for startups and small businesses who aren’t looking to shell out a lot of money for a payment gateway, not only Zaakpay comes with no setup cost but they also provide you with pricing quotations based on the type of business you have. Without a payment gateway on your website, your customers will have to either deposit money to your bank, issue a cheque, or jump to another third party site to complete the transaction. Without a payment gateway on your website, your customers will have to either deposit money to your bank, issue a cheque, or jump to another third party site to complete the transaction. Also, note that when you choose to install a payment gateway is because you need to earn the customer’s trust. And that means your customers’ personal financial details aren’t hacked into. Suppose you retail books online. What is a Payment Gateway? I’m sure you’ve seen an EFTPOS while shopping at stores, the black box-like device that the cashier uses to swipe your card? A payment gateway is the online equivalent of that. They also have Economy, Silver, Gold and Platinum packages to choose from. Plus it’s also a lot safer to conduct an online monetary transaction using your credit/debit card details through a payment gateway. EBS Owned by Ingenico group and offices based in most metropolitan cities of India including Kolkata and Delhi, EBS is a slightly pricier option as they come with a setup cost of Rs 11,999. When a customer who has a Visa card purchases a book from your website, they enter their credit card details to make the purchase. Plus it’s also a lot safer to conduct an online monetary transaction using your credit/debit card details through a payment gateway. But you can keep a tab on them to check the current status. Written by Prathamesh Landge The author didnt add any Information to his profile yet Share:  Tips to Write A Killer eCommerce Return Policy 4 Tips to Create Superior eCommerce Mobile Apps Related Posts Tips to Design the Perfect Checkout Pages How to Install Google Analytics to your Avactis Store Vigilance, Verification, Validation – 3 Vs of Credit Card Fraud Protection 5 Tips to Write The Compelling Product Descriptions Product Avactis E-commerce Solution Mobile App Multi-vendor Marketplace Themes Extensions Shipping Methods Payment Gateways Services E-commerce Hosting Custom Development Support FAQ Documentation.

Payment Gateway Comparison India

BY Prathamesh Landge IN E-commerce Blog October 12, 2015 No comment 0  If you’re off to setting up an e-commerce business or any website that facilitates payment transactions via the internet, then you need to read this piece. Payzippy This is a Flipkart group brainchild and besides being their payment gateway, Payzippy does have other popular websites like Lenskart and Zansaar as their clients. For instance, they charge somewhere between 1.25% and 1.50% for debit card transactions. Written by Prathamesh Landge The author didnt add any Information to his profile yet Share:  Tips to Write A Killer eCommerce Return Policy 4 Tips to Create Superior eCommerce Mobile Apps Related Posts Tips to Design the Perfect Checkout Pages How to Install Google Analytics to your Avactis Store Vigilance, Verification, Validation – 3 Vs of Credit Card Fraud Protection 5 Tips to Write The Compelling Product Descriptions. They have a flat transaction rate, which is 1.99% + Rs 3, and their seamless multi-device compatibility makes it easy to pay on any device. Not only do they offer a horde of payment options like debit cards, net banking, credit cards, ATM cards, Bank IMPS, Bank EMIs and prepaid instruments, they also keep introducing new changes regularly. When a customer who has a Visa card purchases a book from your website, they enter their credit card details to make the purchase. One of the biggest challenges that people face in this situation is choosing a payment gateway. The entire process would hardly take half a minute, but there’s a lot going on behind the scene. Suppose you retail books online. Citrus Pay Another known name in the circuit, probably their USP lies in the fact that they can capture an impressively high number of transactions. They charge no setup fee or AMC and have a flat rate of 1.9% Here is a comparison chart with all the basic details of the seven payment gateway options. And be sure to read their reviews online, after all it is a matter of both convenience and security and also indirectly your brand’s goodwill. They also have Economy, Silver, Gold and Platinum packages to choose from. These details are sent securely and in an encrypted format from your website to your chosen payment gateway. Then your account that is also referred to as the merchant’s bank account and that will have a payment processor already set up to receive this information will then communicate with the card company. These details are sent securely and in an encrypted format from your website to your chosen payment gateway. And be sure to read their reviews online, after all it is a matter of both convenience and security and also indirectly your brand’s goodwill. Their commissions rates are also pretty much in tune with other payment gateways in India. They, however, do charge AMC from a year after the date of setup. Best Payment Gateways in India CCAvenue One of the oldest names in the world of payment gateways, you might have come across this if you did online shopping before it became mainstream. They don’t charge any setup fee OR annual maintenance fee. Although this is a pretty comprehensive take on the availability of payment gateway options in India, if you are looking to get one installed make sure you choose one that complements your requirements best. Plus you would also be expected to cough up Rs 2400 as Annual Maintenance Fee. However, at the time of writing, Payzippy isn’t accepting new customer or merchant accounts. Then a series of checking would be done, like Visa would determine which bank had issued them that card, and if the customer has enough credit (or account balance in case of a debit card) to make this purchase. They have a variety of payment options and claim to boost your sales by 12% through dynamic switching, mobile optimized page, and other features. They don’t charge any setup fee OR annual maintenance fee. Zaakpay This payment gateway is on the list mainly because of its customized service. PayUbiz With customers like Snapdeal, Bookmyshow, and Goibibo.com, PayUbiz is a trusted name in itself.

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