The payment gateway you choose will have a big impact on how well your online store does. It has a direct impact on your cash flow, conversion rates, and the level of trust your customers have in you. This is especially true for Indian merchants, where digital payments are becoming more common, and customers' needs are changing quickly.
The right payment gateway for your Shopify or WooCommerce store can help you make more sales, keep better track of your money, and stop people from leaving their carts. This article will talk about the ten best payment gateways in India for new online stores.
Why Payment gateways are important
Before we get into the top 10 payment gateways in India, let's talk about what a payment gateway is. An online payment gateway lets your customers safely send money to your bank account. The gateway for payments:
- Encrypts private information, such as credit card numbers,
- Handles the payment and
- Puts money into your business account.
When you pick the best payment gateway in India for your business, you:
- Quicker checkout
- Accepts payments from customers in the area and all over the world
- You can pay with cards, UPI, wallets, and netbanking, among other things.
- Safe and compliant processing
- Transactions cost less
Must read: Best Payment Gateway in India for Freelancers Creators
How to Pick the Best Way to Pay
When choosing a payment gateway for WooCommerce or Shopify, keep these important things in mind:
- You can pay with credit or debit cards, UPI, wallets, and other methods.
- It's better to have lower transaction fees, but they should be balanced with features and support.
- Time to settle, Quick payments help with cash flow
- Good customer service is very important for quickly fixing problems.
- Security and Compliance: Must be able to use PCI-DSS, tokenisation, and fraud tools
The Top 10 Payment Gateways in India for Shopify and WooCommerce
Here are the top ten payment gateways in India that you should think about:
1.WonderPay
WonderPay is an emerging payment gateway that is designed to simplify digital transactions for online merchants. It offers:
- Support for UPI, credit/debit cards, wallets, and net banking
- Easy integration with Shopify and WooCommerce
- Fast onboarding process with 24/7 customer support
- Customisable design with scalability
- Secure checkout with fraud monitoring
WonderPay is the best choice for small, medium, and large enterprises and startups looking for a reliable and cost-effective payment solution.
Suggested reads: Why Choose Wonderpay Payment Gateway In India for Businesses
2. Razorpay
A lot of people think that Razorpay is the best way for Indian online stores to take payments because:
- Takes UPI, cards, wallets, and netbanking
- Easy to add to WooCommerce and Shopify
- Smart routing to raise success rates
- Payments and settlements happen right away
Razorpay is a great payment processor for both new and established stores because it has advanced features like payment links, subscription billing, and dashboard insights.
3. PayPal
PayPal is safe for stores that sell to people all over the world, as PayPal offers:
- Payments in more than one currency
- Best for working with other countries
- Easy to add to Shopify and WooCommerce
- Buyers are well protected
Keep in mind that there may be limits on use in India, but sales are very good abroad.
4. PayU India
PayU is one of the safest payment gateways in India, which makes it one of the best PayU India offers:
- Accepts cards, UPI, wallets, and online banking
- Prices that work for businesses of all sizes
- Works with all major platforms
- Choices for a personalized checkout
PayU also protects you from fraud and lets you bill customers on a regular basis. This is great for businesses that sell subscriptions.
5. Paying without cash
Cashfree is becoming more and more popular because it settles quickly and has low fees
- Auto-Collect lets you pay right away.
- It works with UPI, credit cards, wallets, and online banking.
- You can add support for WooCommerce and Shopify with add-ons.
- You can also pay vendors and settle with them using the app.
This is why Cashfree is great for sellers and marketplaces that sell a lot.
6. CCAvenue
For a long time, it has been one of the top 10 payment gateways in India.
- More than 200 ways to pay, including some from other countries
- Support for more than one currency
- Pages for checking out that can be changed
- Plugins for both Shopify and WooCommerce
If you want to reach customers all over the world, CCAvenue is the best choice.
7. The Paytm Payment Gateway
Paytm is a good choice for Indian stores because a lot of people use it.
- UPI, Paytm Wallet, cards, and online banking
- Many Indian customers trust it
- Easy to set up
- Payments go through quickly
Best for stores that want to get Indian customers who use their phones first.
8. Stripe
Stripe has grown in India and quickly climbed the ranks. Stripe offers:
- Developers have access to great APIs and tools
- Works with cards, wallets, and UPI
- Billing by subscription and analytics on the dashboard
- Works with both Shopify and WooCommerce
Stripe is a good option for companies that want to be able to change and grow and are tech-savvy.
9. EazyDiner
It was first made for the hospitality industry, but now it's becoming e-commerce.
- UPI, credit cards, and wallets
- Easy payments and dashboard
- Quick checkout
Great for restaurants and small businesses that sell food online.
10.JazzCash
If you sell things across borders or on more than one channel, look into wallet options like JazzCash or other digital wallets that many of your target customers use.
- Helps people with wallets buy things more easily
- Adds more ways to pay
- Works well with other gateways
Wallets can't be used as full gateways on their own, but when used together, they make payments go through more often.
Conclusion
For new businesses, Wonderpay and Instamojo are the best. PayPal and Stripe are the best for selling things to people in other countries. Cashfree and Paytm are the best for customization. Stripe and WooCommerce integrations are the best for all-around performance, and Wonderpay and PayU are the best for all-around performance.
Adding the right online payment gateway to your Shopify or WooCommerce store will help it grow by bringing in more customers, making them happier, and making payments easier.