Top 5 Payment Gateways in India 2021
A payment gateway gives companies in India and worldwide flexibility during the checkout process. Finding the right one is important if you care about that part of your business. There are clear winners and losers if you go by brand, but the choice becomes much more complicated if you prioritize useful features. Before choosing an option, remember that security should always come first.
Razorpay has gone from a normal payment gateway to a must-have company aid. Businesses that are looking to resolve more than checkout problems usually go for the balanced suites offered by Razorpay. With clients as the priority, the company went beyond the usual offerings of a normal payment gateway. All of the extra features are optional and have allowed companies of all sizes to create a package that best meets their needs. Razorpay Payments, RazorpayX, and Razorpay Capital are in high demand inside and outside of India.
PayPal has gone through a lot of facelifts since its creation. All of those changes is the main reason PayPal is one of the biggest payment gateways in the world. Their reliability is incredible, and their ability to handle international transactions is next level. The company started off as a simple digital wallet and has morphed into an important business tool of the modern era. Companies often choose PayPal based on the great integration and customizable interface. Even as a giant of the industry, the company still maintains fair fees.
Payoneer has often been called the international version of PayPal. This is a compliment, and not that far from the truth. Despite the great service provided by PayPal, Payoneer remains the more accessible option for consumers and businesses in India. Their integration is good, their features are strong and the interface isn’t cluttered. Several countries use Payoneer as their go-to payment processor, and few if any complaints are made about the customer service department. The biggest misconception about the company is that they work better at the consumer level. Payoneer has put a lot of money into building their business side and is a strong competitor when comparing the features and fees of other payment gateways.
Stripe is one of those payment gateways that manages to always make a ‘best of’ list. They launched in 2011 and continue to be one of the most exciting young companies of the digital age. Their platform has nice integration options, but the main draw is the low fees and easy setup. If saving the most money possible is the goal, then Stripe should always be in the conversation.
Square is one of the most superior payment gateways in the industry when it comes to technical influence. They understand the important bits and made waves due to their Twitter roots. For consumers in India, Square is a great choice. For businesses in India, Square represents the potential future of payment gateways.
Payment gateways in India are a competitive market that continues to grow. As they meet consumer and company demands, their features become more streamlined. Find the right choice for your business growth and it will make the entire checkout process better.