Last updated on May 19th, 2023 at 01:28 am
If you are a business owner looking for the best payment methods for your Shopify store in India, you have come to the right place.
Today’s guide will reveal some of the most popular payment options available in India that are compatible with Shopify.
We will discuss the advantages and disadvantages of each method to help you make an informed decision.
From straightforward payments through debit cards and credit cards to sophisticated online banking gateways, we will look at 10 of the best payment methods that merchants can use on their Shopify stores in India.
What is a Payment Gateway?
A payment gateway is a system that allows businesses to process payments for customers securely.
It works as a bridge between the merchant (YOU) and the customer’s chosen payment method, such as credit cards or debit cards.
Why Do You Need Shopify Payment Gateways?
The payment gateway verifies and validates the customer’s information, then transfers it to the merchant’s bank for processing.
Besides that, it also ensures that all data remains confidential throughout the transaction process.
Now, you can use payment gateways in conjunction with your Shopify store in India to enable customers to make secure online purchases.
And Shopify supports many payment gateways, including PayPal, Stripe, Sage Pay, Worldpay, and more.
That said, let’s look at some of these gateways you can use on your Shopify store in India.
Related: Godaddy Payment Methods India
EBS is one of India’s most popular and widely used Shopify payment methods.
It is an easy-to-use, secure payment gateway solution that allows businesses to accept payments from customers around the world.
One of its key features is advanced analytics for insights into customer buying patterns.
Through this feature, merchants can gain valuable insight into their customers’ behavior as well as identify opportunities to optimize their sales process and offer better services.
Additionally, EBS provides fraud protection and real-time transaction reporting so merchants can easily monitor customer activity on their sites.
Furthermore, EBS offers low setup costs and no long-term contracts allowing businesses to get started quickly with a minimal upfront cost.
- Multilingual Page & Responsive web design
- Advanced Analytics For Insights
- Fraud And Risk Prevention
- Turbo Checkout
- Stable And Highly Secured Transaction
CCAvenue is one of the top payment gateways for Shopify in India.
It provides secure and reliable online payment solutions to small businesses, startups, and large organizations.
With a user-friendly interface and simple integration process, CCAvenue makes it easy to accept payments from customers across India through multiple channels like Credit/Debit cards, Net Banking, UPI, and Wallets.
CCAvenue also offers a range of value-added services like EMI options, Cash on Delivery (COD) services, Invoicing Solutions, and Risk Management Services.
Furthermore, CCAvenue has established partnerships with major Indian banks such as ICICI Bank, HDFC Bank, and Axis Bank, ensuring high transaction success rates.
Not to mention, its 24×7 customer support team is always available to provide assistance for any issues or queries related to payments or transactions.
- Dynamic Event Notification – Notifies you about the events that occur in your CCAvenue account for timely action
- Marketing Tools – Enhance your marketing and sales efforts, attract more customers and earn more with their range of Marketing Tools. Create, manage and showcase your offers and promotions to your customers.
- Invoice Payments – CCAvenue makes invoicing easy, automatic, fast, and accurate. Create itemized invoices in multiple currencies in under a minute!
- CCAvenue PhonePay – CCAvenue PhonePay is perfect for businesses with customers who prefer to pay over the phone. They provide an enterprise-level secure IVR (Interactive Voice Response System) that enables you to collect payments securely over the telephone through an automated voice prompt-driven process without the equipment, hosting, programming, or recurring maintenance costs.
PayDollar is an online payment processor developed by AsiaPay specifically for online stores in India.
Their platform uses advanced fraud protection methods and data encryption technology to ensure maximum security for users’ payments.
It also allows customers to pay with their preferred payment method, including credit cards, debit cards, net banking, BancNet, Bank of India, and Union Bank of India.
PayDollar makes it easy for Shopify merchants in India to accept payments from customers anywhere in the world. It supports multiple currencies, including Indian rupees (INR), U.S. Dollars (USD), and Euros (EUR).
And some of the supported payment options include Diners Club International, DISCOVER, MasterCard, and VISA.
Furthermore, its simple integration process makes it easy for merchants to start accepting payments without having any technical knowledge or expertise.
- Direct Payment Link – get paid faster by sending payment requests as a scannable QR code or as links, all via email.
- Responsible mobile UI – PayDollar comes with an optimized payment page, which lets you deliver a consistent checkout experience across any device
- Multi-Language Option – PayDollar makes it easy to switch the checkout page language
Airpay is another one of the best Shopify payment gateways in India.
The company offers a responsive payments page that can easily integrate with any website or mobile app.
This alone allows customers to make secure payments using 140+ payment instruments across all sales points.
Airpay provides both a web-based payment gateway and a native mobile app experience, making it easier for customers to purchase from their homes.
With its PG redirection feature, customers can go directly from the store checkout page to Airpay’s secure payment gateway for quick and easy transactions.
In terms of insights, Airpay also provides merchants with powerful analytics and insights into customer behavior so businesses can optimize their strategies accordingly.
- Dynamic Routing
- Multiple Ready-to-use 50+ SDK’s
- Customizable endpoints and payment flow
- Multi-currency support
2Checkout is a popular payment gateway for Shopify merchants in India.
It employs the highest protection against fraud and data breaches, giving you peace of mind when processing customer payments.
With this gateway, you can offer localized checkout experiences for your customers in 15 languages and 87 currencies in over 200 markets.
This ensures that no matter where your customers are located, they can purchase from you confidently.
Not to mention, your customers’ purchase experience will be consistent with your website and responsive to their devices – all with little to no coding on your end.
- ACH Payment Processing
- Access to API
- Billing & Invoicing
- Billing Portal
- Compliance Management
- Contact Database
- Customizable Invoices
f. G2A Pay
G2A Pay is a popular choice for shop owners looking to accept payments from customers in India.
Customers can pay through local and global payment methods with customizable checkouts, making it easy for shop owners to accept payments from their customers.
G2A Pay offers multi-currency support so customers can pay in their preferred currency.
The fee applied for sales is 10.8% + €0.35, which is already included in the final prices of each product.
As such, sellers to be transparent about costs upfront and make the checkout process smoother for their customers.
Additionally, G2A Pay supports over 200+ payment methods worldwide, giving shoppers more options when they’re ready to purchase items from your store.
Finally, G2A Pay allows you to customize your checkout page with various features such as logos, fonts, colors, and more – streamlining the shopping experience further!
You must have heard about PayPal, right?
PayPal is a popular payment method around the world.
It is an online payment system that allows users to send money quickly and securely; all you need is an email address!
PayPal has been available as a payment option on Shopify stores since 2011, making it one of the oldest payment methods.
Customers can easily add their bank or credit card details to link their PayPal account to Shopify.
This makes it easy for customers to pay for products via PayPal when shopping in a store using Shopify.
Customers can also use their PayPal balance or withdraw funds from the platform directly into their bank accounts.
One of the great benefits of using PayPal as a payment option on your Shopify store is its security measures, which help protect against fraud and identity theft.
Well, the exact amount depends on the country you are located in, but expect something along these lines of 4.40% + Fixed Fee per transaction.
Stripe is a payment system that allows users to accept payments from customers anywhere in the world.
It offers easy integration with Shopify and supports major credit cards, debit cards, and digital wallets.
Stripe also supports multiple currencies, making it an ideal choice for businesses operating in multiple countries or dealing with international customers.
Stripe has robust tools for developers to customize the checkout process and create their checkout solutions.
The platform charges competitive transaction fees of 2.9% + 30¢ per successful card charge.
Additionally, Stripe supports fraud protection measures such as two-step authentication, risk scoring systems, and more.
- 135+ currencies
- Simplified PCI compliance
- Embeddable checkout
- Subscriptions and invoicing with auto-reconciliation and smart recovery tools.
- Accept payments and get sellers and contractors paid in 30+ countries with a single platform.
Razorpay is one of the leading payment methods for Shopify stores in India.
It provides 100+ payment modes and allows you to accept payments from customers from all over the world.
Razorpay also offers a PCI DSS Level 1 compliant solution, which removes your burden of regulatory compliance.
It also offers real-time data and insights on your Razorpay dashboard so that you can keep track of your transactions and make sure everything goes as planned.
Moreover, it features a sophisticated fraud detection system that helps protect merchants against fraudulent activities.
And their customer support team is available round the clock to help address any queries or concerns quickly and efficiently.
All these features make Razorpay an excellent choice for Shopify stores looking to expand their reach in India and offer more secure payment options to their customers.
j. PayU Money
PayU Money (now just PayU) is one of the most popular payment methods for Shopify users in India.
It provides merchants with a secure and reliable platform to accept payments from customers both online and offline.
With PayU Money, each transaction is subject to a 2% + GST surcharge, making it an affordable solution for those looking to save on fees.
- Transaction fees for American Express and Diners Cards are 3% + GST for overseas transactions.
- For EMI payment alternatives, a set-up charge must be paid in addition to Annual Maintenance Charges (AMC).
- The transaction charges are 3% + ₹6 for each transaction.
Merchants can accept payments via SMS, email, or Whatsapp using PayU’s no-code payment solution, which makes checkout quick and easy for customers.
Plus, businesses can access 150+ payment methods, including UPI, debit/credit cards, net banking, wallets, and more.
Furthermore, security features such as PCI-DSS compliance ensure that customer data remains safe from potential risk at all times.
With Cashfree, merchants can accept payments in foreign currencies in excess of 32 and other currencies can be configured upon request.
Each account is allocated a dedicated account manager who serves as a single point of contact for every requirement.
Merchants are also provided with convenient tools to collect subscription payments via links or API, where subscription plans can be customized according to their needs.
YOU also benefit from reliable fraud protection mechanisms that detect suspicious transactions while ensuring customer data security and privacy are always taken care of.
Cashfree also offers an advanced analytics dashboard that provides valuable insights into customer behavior, ensuring that businesses can make informed decisions quickly and efficiently.
- Credit and debit cards on Visa, Mastercard, Maestro, RuPay, and 75+ online banking: 1.75 percent flat charge + Rs 0 per transaction
- Wallets: Paytm, Airtel Money, Freecharge, Mobikwik, Ola Money, Jiomoney: 1.75 percent flat fee + Rs 0 per transaction; UPI: 1.75 percent flat charge + Rs 0 every transaction
- Visa, Mastercard, and American Express International Credit Cards: 3.5 percent flat charge + Rs 7 per transaction
Taxes are additional since they are levied from time to time.
Instamojo offers powerful features and tools to make payments hassle-free.
With its gateway, you can accept customer payments using multiple payment options such as debit/credit cards, net banking, UPI, wallets, and more.
It also offers an easy checkout process with no additional setup or integration required on your Shopify store.
In addition to that, Instamojo also allows you to create custom invoices and collect payments directly from customers’ bank accounts.
For insights, you get access to real-time analytics so that you can track customer orders easily and manage inventory with ease.
And all transactions are secure and protected with robust encryption technology so that buyers and sellers don’t have to worry about security issues when making payments through Instamojo.
As for the fees, there’s a flat fee of 2% + Rs 3 per transaction.
m. PayTM Payment gateway
PayTM is the leading payment gateway in India, one of the most popular payment methods used by Shopify stores in this country.
It provides a secure, reliable, and easy way to transact online.
The users can easily transfer money from their bank account or credit/debit card to merchants without sharing any financial details.
Supports local credit cards such as Visa, Mastercard, Maestro, RuPay, Amex, ezeClick, JCB, and Diners.
PayTM also offers mobile payments via its app, making it even more convenient for customers.
The fees associated with using PayTM are as follows:
- Initial Setup Fees: Rs 5000
- Annual maintenance fee: Rs 5000
- Transaction fee: 1.99% for Paytm wallets, Net banking, and Credit cards. 0.4% for transaction amounts below Rs. 2,000 via Debit cards (Mastercard & Visa) / 0.9% for amounts above Rs. 2,000; 0% for Rupay card and UPI; 2.8% for international Credit/Debit cards; 0% Transaction fees for all startups (Build for India Offer).
How To Pick the Best Payment Gateway for Your Store in India
a. Fees and charges
When accepting payments, merchants must consider the associated fees.
Shopify offers a variety of payment methods in India that come with different fee structures.
You should weigh the costs of each payment method against your sales volume and business objectives before deciding on one.
For example, Razorpay charges a flat fee of 2% for all domestic transactions, plus GST — this is one of the lowest rates available among Indian payment processors.
On the other hand, PayPal charges anywhere from 1.9% to 3.4%, depending on whether or not the transaction is international or domestic in nature — making it more expensive than some other options out there.
So, understand how much you’ll be charged for each transaction so you can set your pricing accordingly; otherwise, you could lose money due to excessive fees and charges!
b. Transaction security
Transaction security is an important factor when selecting any payment method, pick a payment gateway that gives you peace of mind.
Look for a gateway that offers fraud detection tools to help merchants detect suspicious transactions and protect your sales from fraudulent activities.
Moreover, the gateway should comply with PCI-DSS (Payment Card Industry Data Security Standard), which is the industry standard for securely handling customer information and cardholder data.
c. Customer support
Besides security, customer support is also crucial when choosing a payment method for your Shopify store.
Good customer support will help ensure that any issues with payments are quickly resolved, and customers can easily contact the payment provider with any questions or concerns.
There are several options available depending on the payment method you choose.
Many providers offer round-the-clock in-person customer service at their local offices or online chat services.
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And many of these providers have toll-free numbers that customers can call if they need assistance with a specific issue.
Despite the ever-growing number of payment methods, deciding on the right payment gateway for your Shopify store can be daunting.
As such, it is essential to consider key factors such as transaction fees, security features, and customer experience when selecting a payment method.
Ultimately, the best payment gateway for your Shopify store will depend on your specific business needs.
The 10 best payment methods in India provide an array of options to choose from depending on these needs.
Each offers its own unique advantages that can benefit different types of businesses in various ways.
Consider what works best for you and select a suitable option that meets both your customers’ and business requirements.
With the right payment method in place, you will be able to offer an outstanding online shopping experience while increasing sales at the same time!