Top Payment Gateways for your eCommerce Project - UJUDEBUG

Top Payment Gateways for your eCommerce Project

free payment gateway assam

free payment gateway assam

There are several payment gateways available for your next eCommerce Solution, but each of them has its pros and cons. Here I am going to discuss a few of the top payment gateways. Before starting, I just want to mention briefly what is a payment gateway and how it works. A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes a credit card, debit card, internet banking or wallets or direct payments processing for e-businesses and online retailers.

In simple terms, payment gateways will process and take care of the financial transaction for eCommerce or any other online retailing websites. They will responsible for the payment failed, success or any other issues that may occur during a financial transaction. So that you don’t have to worry about that part, and can focus on your business. Payments gateways will even refund the money to the customer if the transaction had been failed/unsuccessful or broke in the middle.

So, now that you have an idea of how it works and why it is important for your website, let me proceed with the comparison of several payment gateways I have been working with and their advantages and disadvantage.

In this comparison I will take a few parameters for each payment gateway, they are,


1. Paper Work and Duration of onboarding procedure
2. Pricing

3. Payment options available (Debit, credit card, other options such as Indian wallets etc)

4. User interface and User Experience

5. Reports

 

PayUMoney

  • Onboard a little hard but doesn’t take much time. It should take around 2 days to 1 week if you have proper documentation.
  • Pricing is very good, there’s no setup cost and annual cost. You need to spend per transaction wise. It’s between 2 to 3% up to 1 core total transaction per year. If you cross 1 core then they might give you some special discount or offers as well.
  • All payment option is available even you are just starting. Almost each Indian Wallets are available in this payment gateway. It also includes debit card, credit card or internet banking facilities.
  • User interface and user experience are very well maintained. It gives the users a great experience while using it.
  • Reporting is also good but has some areas where it can be improved, but otherwise, it’s really informative.

Paytm

  • 1. On board not easy, sometimes takes months. You must have all the documents with you before applying.
  • Pricing is very good, there’s no setup cost and annual cost. You need to spend per transaction wise. But they also put some limitation till Rs. 20,000 amount of transaction. Limitation includes restriction of few Indian wallets or other payment options. Pricing per transaction is between 2 to 3% upto 1 core total transaction per year.
  • All payment option is available even you are just starting. Almost each and every Indian Wallet are available in this payment gateway. It also includes debit card, credit card or internet banking facilities.
  • User interface and user experience is not that good compared to current market standard. However it can easily process the payment.
  • Reporting is not so good, it still needs improvements in some areas, but otherwise it’s informative for general purpose.

Stripe

  • Onboard not easy, sometimes takes months. You must have all the documents with you before applying.
  • Pricing is very good, there’s no setup cost and annual cost. You need to spend per transaction wise. Pricing per transaction is between 2 to 3% upto 1 core total transaction per year.
  • Not all payment option is available. Here, you will miss our Indian Wallets and many Indian Internet Baking Payment Options.
  • User interface and user experience is very good compared to current market standard.
  • Reporting is good, it’s very informative for general purpose.

Paypal

  • On board is little hard, sometimes takes months moreover verification becomes very painful in some cases.
  • Pricing is very good, there’s no setup cost and annual cost. You need to spend per transaction wise. Pricing per transaction is between 2 to 3% upto 1 core total transaction per year.
  • Not all payment option is available. Here, you will miss our Indian Wallets and many Indian Internet Baking Payment Options. Only debit and credit card option is available here.
  • User interface and user experience is poor compared to current market standard.
  • Reporting is not so good, we can say it 3 out of 5.
    NB: One important advantage to remember, you can accept foreign currency using PayPal

RazorPay

  • On board is easy but you must have a current account you before applying.
  • Pricing is very good, there’s no setup cost and annual cost. You need to spend per transaction wise. Pricing per transaction is between 2 to 3% upto 1 core total transaction per year.
  • All payment option is available even you are just starting. Almost each and every Indian Wallets are available in this payment gateway. It also includes, debit card, credit card or internet banking facilities.
  • User interface and user experience is very good compared to current market standard. It gives the users great experience while using it.
  • Reporting is very good, it’s very informative for almost all-purpose.

InstaMojo

  • Onboard is very easy sometimes happen within an hour. The important point to note that it also works with Savings Account as well.
  • Pricing is good, there’s no setup cost and annual cost. You need to spend per transaction wise. Pricing per transaction is between 2 to 3% up to 1 core total transaction per year. But there’s a twist, it also charges Rs. 3 extra on each transaction.
  • All payment option is available even you are just starting. Almost each and every Indian Wallet are available in this payment gateway. It also includes debit card, credit card or internet banking facilities.
  • User interface and user experience are very good compared to the current market standard. It gives the users a great experience while using it.
  • Reporting is good, it’s informative for general purpose.

CCAvenue

  • Onboard is very hard sometimes it takes upto 3 months to get verified.
  • Pricing is good, there’s no setup cost and annual cost. You need to spend per transaction wise. Pricing per transaction is between 2 to 3% upto 1 core total transaction per year.
  • Almost all payment option is available even you are just starting. Some but not all Indian Wallets are available in this payment gateway. It also includes, debit card, credit card or internet banking facilities.
    User interface and user experience feels a little outdated compared to the current market standard. However, it gives the users flawless experience while using it.
    5. Reporting is good, it’s informative for general purpose.

 

We specialize in helping businesses build their online presence. Would you like to know more? Please feel free to contact us.  Also, we have an amazing team that will help your business to reach new heights.

Interested? Have any questions?

support@ujudebug.com

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UJUDEBUG
Established as a software company in Tezpur, Assam, UJUDEBUG has established itself as one of the premiere and uniquely customer friendly software solution companies of Assam and the North-eastern part of India. Our traditional business model is based on satisfying the software needs of common people in the digital markets of Assam as well as the whole of India. UJUDEBUG offers a vast and varied range of complete IT solutions to the clients right from web design to app development. At present, we are focused mainly on software services, embedded systems, website design and development, mobile applications, training services, digital marketing, SEO and eCommerce solution.

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[one_third][/one_third][two_third]With a team of skilled software Developers, Ujudebug is the best IT Solution Company in Assam. Fully Customized Software Development services with multiple platforms. Our award winning team will we provide the best experience to customers at an affordable price.

Sales : +91-8011624355

Support : +91-8486201473

Our promise

We promise to provide exceptional service during your journey with us. Our experienced team delivers an unmatched level of client satisfaction from a broad range of software solutions, and IT consulting services. What are you waiting for:
  • - Give us a call on +918011624355
  • - Let our friendly team know your project
  • - Tell us how, when you want to start it
  • - Get it at the best possible price with all documentation
That’s it! The whole thing should only take a few minutes.[/two_third]

Call us now!

With a team of skilled software Developers, Ujudebug is the best IT Solution Company in Assam. Fully Customized Software Development services with multiple platforms. Our award winning team will we provide the best experience to customers at an affordable price.

Sales : +91-8011624355

Support : +91-8486201473

Our promise

We promise to provide exceptional service during your journey with us. Our experienced team delivers an unmatched level of client satisfaction from a broad range of software solutions, and IT consulting services. What are you waiting for:

  • - Give us a call on +918011624355
  • - Let our friendly team know your project
  • - Tell us how, when you want to start it
  • - Get it at the best possible price with all documentation

That’s it! The whole thing should only take a few minutes.