An online payment gateway is a piece of software that acts as a secure link between a website or app and the customer’s preferred method of payment. An organization’s setup for accepting digital payments is provided by the gateway. Customers may pay from any place and with any manner they like. As it plays a significant part in the customer purchasing experience, it must be safe and trustworthy..

You know how crucial a strong user interface and functionality are for your website or app as the owner of an e-commerce shop. What about the payment procedure? Customers will lose trust in us, resulting in fewer purchases and less customer involvement. The finest payment gateway assures the customer’s protection and confidentiality, giving the e-commerce website or app a professional appearance and a sense of reliability. If a merchant has a payment gateway that works, they should be able to accept several types of transactions safely on their website and mobile app.

 A payment gateway is a piece of software that makes it easier and faster to pay for things online. It’s actually a link between the bank and the mobile app or website of a merchant. The money is sent from your account to the merchant’s account after the payment gateway checks the bank’s information.

• PayPal

This online payment processor is well-known in the corporate world. PayPal believes that now is the moment to democratise managing money is a right for everyone, not just the wealthy.This mission is what keeps us going, and our cultural values of collaboration, innovation, health, and inclusion help us make decisions and run our business every day. We have a duty and a pleasure to be customer champions and put the people we serve at the centre of everything we do.

eBay bought PayPal in 2002, and since then it has become one of the most popular and well-known ways to pay online. We picked it as the best way for people to pay online because customers can use PayPal or almost any other payment method at reasonable prices. PayPal claims that giving its service as a payment option to customers can enhance checkout conversions by 44 percent due to its trusted name and broad use.We are one team that supports and respects a variety of thought for everywhere, and we work hard to create an energetic environment that brings out the best in everyone.

• Paytm 

In the world of online payments, Paytm is a well-known name. In addition to their popular app for consumers, Paytm also has a sophisticated payment gateway for businesses.

The Paytm Payment Gateway is based on the same technology that runs some of India’s most well-known brands, as well as the Paytm app. Domestic and foreign cards, netbanking, UPI, Paytm Wallet, and Paytm PostPaid are all supported by the payment gateway.

Customers of different types will be able to comprehend how to make a payment thanks to the payment gateway’s design.

• Cashfree

According to the list of Indian payment gateways, Cashfree has increased in popularity as the cheapest payment gateway in India. This payment gateway provides a quick payment service as well as an immediate return option.

The organization has grown to service over 15,000 businesses since its beginning in 2015. Credit and debit cards, as well as net banking and UPI, are all accepted by Cashfree.You can also get payments from other countries. This payment gateway has a service called “Cashgram” that lets people send money. It makes a connection to the internet that businesses can give to customers and use to get paid.

• PayU

PayU is a fin-tech business located in the Netherlands that helps merchants accept internet payments. The business is active in 17 different nations. Due to its exceptional characteristics, it ranks among the payment gateway list in India. Buy now pay later are some of the company’s more than 100 payment options. Because it accepts over 100 different currencies, businesses may accept payments from all over the world.

PayU also allows clients to  their checkout page, which is a terrific feature. The company displays all transactions in the dashboard after PayU is up and running. The payment gateway has a user interface that is easy to use and looks good. Merchants can also link their website and mobile app to it.

• CCAvenue

CCAvenue is a well-known payment gateway in South Asia, particularly India. The payment mechanism is simple to use, quick, and safe.This payment gateway lets you use more than 200 ways to pay, including 6 credit cards.It also makes it possible to interact with websites and apps. The transaction page works well on mobile devices and makes it easy to check out quickly.

The corporation has created FRISK for security purposes. This ensures a secure payment environment. The nicest part about this payment method is that there are no fees for withdrawals.

• Instamojo

Instamojo is another prominent Indian payment gateway business with over 1 million active customers. Because of its ease of use and incredibly simple user interface, this payment gateway has grown in popularity. Instamojo now accepts over a hundred various types of payments, including.

It also has a recurring billing feature that allows merchants to take monthly payments. Integration with websites and mobile devices is also possible.

NEFT/RTGS and bank transfers are free, which is the best thing about Instamojo. It doesn’t take payment in more than one currency.

• Atom

Atom is also one of India’s most rapidly rising payment gateways. It is utilised by over 150,000 companies. The payment gateway supports over 50 banks and offers over 256 payment options, including credit cards, debit cards, IMPS, and more. Atom has an expedited checkout page that makes the process go faster.

A high-security encryption system makes it safe. You can also try to make a payment again. When a customer buys something from Atom, they get a bill. Merchants use merchant consoles to keep track of all traffic and payments. It has a multi-currency system built in. It is possible to integrate with websites and applications.

The Advantages of Using a Payment Gateway

Payment gateways are used by the majority of e-commerce platforms and online companies that need to perform financial transactions nowadays. This is due to the following advantages that the top 10 payment gateways in India provide:

Transactions that are safe. Increased consumer base.Transactions are processed faster. A shopping cart is included in the bundle. Usability has improved.If payment gateways are down, a company must contact each banking partner separately to make payments. All of this is handled via a payment gateway, which also streamlines and secures the whole process.

Top payment gateways in India in 2022:

1. CASHFREE                                                                                                             2. RAZORPAY                                                                                                            3. CCAVENUE                                                                                                               4. INSTAMOJO                                                                                                             5. EBS                                                                                                                      6. PAYKUN

Top payment gateway provider companies in 2022

Payment gateways are the first step in the process of making an online payment, and they have been very important in making it easier for e-commerce companies and online payment providers to accept online transactions.

• Worldpay

Worldpay, founded in the United Kingdom, is one of the earliest online payment methods. For both online and in-store sales, the organisation provides a range of payment options. Based on the amount of acquisitions it completed in 2018, the corporation was dubbed the No. 1 acquirer in the United States. In 2018, Worldpay was bought by another US company, Vantiv. In 2019, the combined business was bought by a US company called FIS.

• Ingenico

Ingenico is an old payments processor that used to stand out as a top provider because it handled card payments in stores. Because of this, it is popular with companies that put a high priority on in-store payments. Today, the company has ways to pay in stores, online, and through mobile devices.

• Amazon Payments

Amazon’s own credit card payment processor lets it accept payments on the website of its parent company, which gives it instant access to a lot of payments. It has also grown by making its platform available to other merchant sites, which is a good deal for those sites. One downside is that the gateway helps Amazon build its brand, which is something that many e-commerce stores have to compete with.

• Braintree 

This gateway is owned by PayPal and lets mobile-focused merchants accept payments. It also has access to the millions of PayPal sellers. Braintree has gotten the business of some of the biggest online businesses in the world, like Uber and Airbnb. Braintree gives developers an SDK that has many different features. The firm is estimated to have completed almost 6 billion transactions in 2018. Its success is largely due to its concentration on mobile, which is a rapidly rising commerce channel.

• Stripe

Stripe is now the sixth largest unicorn in the world, with a value of $35,3 billion. It gives web developers and merchants an API that they can use to add payment processing to websites. PayPal charges transaction fees for some of the company’s free services, like refunds. With just a few lines of code, Stripe also makes it easy for merchants to change their payment platforms. But merchants have to wait two business days for their payments to show up in their accounts, and some in higher-risk industries have to wait seven business days.

• Adyen

Adyen gives e-commerce companies a payment platform that includes gateway, risk management, and front-end processing services. Adyen is a full-stack gateway, just like Braintree, and has big-name clients like Microsoft and Spotify. The company has attracted merchants with a single platform that can support payments in over 250 local payment methods and 200 countries.

• Cybersource 

Because of how successfully it controls fraud and security threats, Cybersource is a top gateway supplier. It purchased Authorize.Net in 2007, and Visa purchased both firms in 2010. According to Cybersource, more than 450,000 companies utilise its services to handle credit and debit cards throughout the globe.

• WePay

WePay is a company that helps people pay for things. In 2017, JPMorgan Chase bought it. The company became more popular because it had flexible APIs that helped platforms accept payments and make money from them. WePay released its Link, Clear, and Core products in 2019. The company says that these products solve more integrated payments use cases.

• Alipay

Alipay was started by Alibaba as a way to make payments, and it has grown into a major player in Eastern payments. It handles most of the payments made in China. Alipay payments can be made online, on a mobile device, or in a store. The company says it has more than 1 billion clients.

• Square

Square is a big competitor in the payment gateways market. It is best known for making it easier for businesses to take credit card payments.Square wants to help sellers of all kinds grow their businesses, so it has added online payment services and business loans to its list of services.

• Authorize.net

This Visa solution offers many services, such as point-of-sale, e-commerce, mobile and phone payment options, billing, e-checks, and credit card readers. Its premium features, like advanced fraud detection and secure customer data, make it easy and safe for sellers to accept payments.