Payment gateways in India

A payment gateway is an important part of an ecommerce website. It helps the websites to accept online payments from the buyer. In this post, I have tried to discuss various payment gateways available in India along with the bucket of services that they offer.


09Sep

Payment gateways in India

Posted By:-Rocky Singh

A payment gateway is an important part of an ecommerce website. It helps the websites to accept online payments from the buyer. In this post, I have tried to discuss various payment gateways available in India along with the bucket of services that they offer. I have collected this information from their respective websites so if you need more information please contact the respective payment gateway office. The sole purpose of this post is to let you know what kind of payment gateway options are available in India for your ecommerce website.
As you know, a payment gateway is an interface that helps websites to accept online payments from their customers. So the main payment mode for a payment gateway is credit cards. But most of Indian payment gateways allow websites to accept payments using debit/ATM cards, internet banking account or prepaid payment cards and mobile phones as well.
Although, all the payment gateways have same objective of allowing websites to accept online payments but they differ a lot when it comes to followings.

 
  • Pricing for merchants
  • How easy or difficult it is to integrate the gateway with a website
  • What kind of payment modes are offered by the gateway
  • Whether you need a merchant account with the any bank or same bank or not required at all.

So I have tried to find out answers to all the above questions for many prominent payment gateways. And below are my findings!

CC Avenue
Pricing:
Three different pricing schemes are offered. For detailed information click here.
Website Integration:
I am afraid that I could not find any example integration kit for any server side language on their website. But yes, there are some references to the form based website integration in their gateway demos. More information on their website integration options can be found here
Payment Modes:

 
  • Credit cards
  • Online banking
  • Pre-paid cards
  • Mobile phone payments
  • SMS based payments

Merchant Account:
CCAvenue offers you to choose between saving account or current account on their signup form. So I do not think that Merchant account is compulsory for this payment gateway.

 

ICICI BANK - PaySeal
Pricing:
Sorry, I could not find any pricing details for merchants on PaySeal. So the best way to know the correct and updated pricing is to contact ICICI bank here
Website Integration:
To get PaySeal integrated with your website, you need more control over the servers where you decide to host your website. As you have to install COM components (supplied by ICICI bank) and JAVA runtime environment to make the PaySeal work. Perhaps this seems a bit complex at the face of it but it could be achievable if you have access to the server.
Payment Modes:
Only Credit Cards (VISA/MasterCard/VISA Electron)
Merchant Account:
You have to open the merchant account/current with the ICICI bank to avail the merchant services. If you already have a current account in ICICI bank then you can use that. ICICI bank offers you to advertise your web shop through the various advertising programs of the bank. More information can be found here

 

E-Billing Solutions (EBS)
Pricing:
Five different kind of pricing options are offered. You can find more and updated information regarding the pricing plans on EBS clicking here.
Website Integration:
I have to say these guys provide really good integration documentation: A number of server side languages are supported and sample kits are provided.
Payment Modes:

 
  • Credit Cards
  • Prepaid cards
  • Internet banking

Merchant account: You do need a current account but it could be with any bank.

 

DirectPay
Pricing & Website Integration:
Sorry, I could not find any pricing/website integration information on their website. Perhaps they like you to contact them personally to get the latest information. So please contact DirectPay to get the latest information.
Payment Modes:

 
  • Credit cards
  • Internet banking
  • Prepaid cards

Merchant account:
You do not need to open any merchant/current account with any bank to avail their services. All the accumulated funds are transferred to your existing bank account by DirectPay.

 

HDFC Bank
Pricing:
As advised by the bank, please call HDFC bank to find out latest pricing details. Phone numbers can be found here.
Website Integration:
Bank claims to provide good user guides but I could not find any relevant information regarding website integration of payment gateway on their website. So please contact the bank to find it out.
Payment Modes:
Only credit cards as far as I know.
Merchant account:
I could not find any information regarding the requirement or non-requirement of merchant accounts on their website. So please contact the bank to get latest information.

 

CITIBank
As far as I know, CitiBank provides little information regarding Pricing plans and website integration on their website. So the best way to find out the latest information is to either callthem or write to them.
Payment Modes:

 
  • Credit cards (VISA/MasterCard/CitiBank Card)
  • CitiBank ATM/Debit cards

Merchant account:I could not find any information regarding merchant accounts on their website so please do contact the bank regarding this.

In addition to the above payment gateways, there are more payment gateway that are offering similar services. I have briefed them below.

 

If you come across more payment gateways or any error/bug in the above post, please report that in the comments section.

To get your ecommerce websites designed/developed or to get any of the payment gateway integrated on your website contact us on cwebconsultants@gmail.com



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