Credit Card
Payment Gateways in India have
multiplied in the last couple of years providing e-commerce
website owners a range of rates, fees and options to choose from. In a
cost
conscious country like India ultimately
the rates are the key.
Higher
Upfront fees and lower per transaction percentage or vice
versa
Most providers
have an upfront component on signup which might include a deposit
amount (like
ICICI bank) and a percentage per each transaction cost. Eg. Rs.
30,000/-
Upfront cost and 5% of each transaction.
Some gateways like Paypal don’t charge any upfront cost and their percentage is also low but they do charge an amount for withdrawal of money.
Should you go
for a higher upfront payment and lower percentage or a
lower upfront payment
and higher percentage?
If your transaction volume is going to be very high then a lower percentage might save you a lot of money in the long term although upfront payment would be higher.
Note:
The following data has been taken from website of Payment Gateway (PG)
providers either first party or second party. It could be vary as per
the current
market price. The most of PG companies listed below are the business
partner of
Ozg Payment Gateway Consultant - www.paymentgatewayconsultant.com. You may
order their services through Ozg.
Ozg Payment Gateway Consultant
Contact #
0091-9811415701-06-10-74-92-97
Email:
india@paymentgatewayconsultant.com
Website: www.paymentgatewayconsultant.com
CCAvenue
The CCavenue is
considered one of the best and most popular payment gateway for
India. Many of the Indian e-commerce based
websites
prefer this payment gateway of transaction in India Rupees as well as
accepting
credit cards with foreign currencies. All Major International and
Indian Credit
Cards are processed by CCAvenue. The solution is powered by proprietary
technology that integrates transaction-processing, advance shopping
cart,
auction payment collection facility, fraud control, financial reporting
and
order tracking. CCAvenue is the complete PG solution that has the
unique
ability to offer the full spectrum of Internet payment options – Credit
Cards,
Debit Cards, Direct Debits, Mobile Payments and Cash Cards.
Product /
Plans
|
Upfront
Fees
|
Annual Software
Maintenance Cost
|
Transaction costs
(Credit / Debit Cards)
|
Privilege
Scheme
|
Rs.
40,000/-
|
Rs.
3,600/-
|
3.00%
|
Premium
Scheme
|
Rs.
25,000/-
|
Rs.
2,400/-
|
5.00%
|
Economy
Scheme
|
Rs.
7,500/-
|
Rs.
1,200/-
|
7.00%
|
Ozg Payment Gateway Consultant
Contact #
0091-9811415701-06-10-74-92-97
Email:
india@paymentgatewayconsultant.com
Website: www.paymentgatewayconsultant.com
EBS
E-Billing
Solutions is a pioneer to associate with multiple acquiring Banks for
providing
Payment Gateway services to offer Master, Visa, Diners, Netbanking
& Cash
Card brands on a single platform. EBS Gateway gives the ability to
small &
medium size merchants to test the E-commerce waters & help them to
get
accustomed to the procedural business part of E-commerce. Small &
medium
sized companies can go online by using EBS payment Gateway. EBS accepts
Visa,
Master & Diners Card along with Net banking of Axis Bank, Citi
Bank, HDFC
Bank and J&K Bank. It also accepts payments through Itz Cash Card
and a
wide range of debit cards. EBS has provided detailed information o
their
website about how the entire online ecommerce transaction takes place
and how
EBS handles the transactions.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
Starter
|
Rs.
6000 /-
|
Rs.
2400 /-
|
6.00%
|
Regular
|
Rs.
12,000 /-
|
Rs.
2400 /-
|
5.00%
|
Silver
|
Rs.
18,000 /-
|
Rs.
2400 /-
|
4.00%
|
Gold
|
Rs.
24,000 /-
|
Rs.
2400 /-
|
3.75%
|
Platinum
|
Rs.
30,000 /-
|
Rs.
2400 /-
|
3.25%
|
Ozg Payment Gateway Consultant
Contact #
0091-9811415701-06-10-74-92-97
Email:
india@paymentgatewayconsultant.com
Website: www.paymentgatewayconsultant.com
DirecPay
It offers
merchants with wide range of payment acceptance modes and that too at
affordable prices. Payments are accepted by cards & net banking.
The
DirecPay Payment Gateway is a secure Internet bridge between merchant
businesses and the credit card and electronic check payment processing
networks. It offers merchants with cost effective solutions, a wide
range of
payment acceptance modes and secure technology platforms.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
-
|
Rs.
10000 /-
|
Rs.
2400 /-
|
6.00%
|
HDFC Bank
HDFC Bank
Payment Gateway provides a single platform to support multiple payment
technologies. HDFC Bank Payment Gateway enables the merchants to stay
abreast
of rapidly changing payment technology; it incorporates a hosted
payment page that
provides a common interface with the merchant web site, regardless of
which
secure payment protocol is used. HDFC Bank Payment Gateway also
provides secure
browser-based access for real time transaction monitoring and reports
download.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
-
|
Rs.
50000 /-
|
Rs.
12000/-
|
3.50
– 6.00%
|
Ozg Payment Gateway Consultant
Contact #
0091-9811415701-06-10-74-92-97
Email:
india@paymentgatewayconsultant.com
Website: www.paymentgatewayconsultant.com
IndiaPay
IndiaPay accept
all major credit cards, including Visa, MasterCard, American Express,
Discover,
Diner’s Club, and JCB via IndiaPay software. Getting started processing
transactions through the IndiaPay payment gateway is easy. Their site
will
provide you with a description of the different processing options you
have,
and guide you through the steps to getting up and running quickly.
IndiaPay
Payment Platform is built to process Online, Retail, MOTO and
Mobile/IVR
payments on a solid frame work connecting with more than 25
authorization
networks and more than 60 banks as well as financial institutions
around the
world, comes with a powerful & easy to use intuitive admin panel as
well as
world class support which allows for tremendous control over your
payment
transactions quickly and easily.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
INDIA SILVER
|
Rs.
6000 /-
|
Rs.
3600 /-
|
5.00%
+ Rs. 3/-
|
INDIA GOLD
|
Rs.
10,000 /-
|
Rs.
3600 /-
|
3.50%
+ Rs. 3/-
|
INTL
SILVER
|
$
1000 /-
|
On
Risk
|
|
INTL
GOLD
|
$
1800 /-
|
On
Risk
|
TrillionPay (Transecute)
Transecute
accept Visa / Master via Transecute Software. Get your own third party
indian
payment gateway account, Accept visa/master credit cards online, Free
fraud
detection and risk mitigation reports, Low chargebacks, Low transaction
processing fees. Transecute also provides daily comprehensive Risk
Reports.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
NIL
|
5%
Per Transaction
|
Ozg Payment Gateway Consultant
Contact #
0091-9811415701-06-10-74-92-97
Email:
india@paymentgatewayconsultant.com
Website: www.paymentgatewayconsultant.com
Epaymentsglobal
The service
including online payments, credit cards, money transfer is very
transparent and
incorporates the most advanced control panel to monitor and control
each of
your payments transaction. This service is only available to merchants
of India. It’s payment processing system allow
the
merchants to authorize, settle and manage credit card transactions
anytime,
anywhere.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
Azaadi
1
|
Rs.
45000/-
|
Rs.
4500/-
|
3.50%
|
Azaadi
2
|
Rs.
27000/-
|
Rs.
2700/-
|
4.25%
|
Azaadi
3
|
Rs.
18000/-
|
Rs.
2700/-
|
5.25%
|
Azaadi
4
|
Rs.
9990/-
|
Rs.
2700/-
|
7.00%
|
Azaadi
|
Rs.
1800/-
|
Rs.
2700/-
|
10.00%
|
Paysignet
Paysignet is a
Earn and Pay module. Paysignet is India’s payment
gateway service provider which provides
a secure, real-time, scalable and flexible Internet payment platform.
It
facilitates seamless online payment solutions enabling businesses all
over India to accept secure online payments via
credit cards,
debit cards, bank transfers, by phone, fax or mail through one single
account
and payment-processing system.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
Platinum
|
Rs.
25,000 + Rs. 25,000(*later)
|
Rs.
5000/-
|
upto
2.75% on slab basis
|
Gold
|
Rs.
10,000 + Rs. 10,000(*later)
|
Rs.
2500/-
|
4.00%
|
Silver
|
Rs.
3,000 + Rs. 3,000(*later)
|
Rs.
1500/-
|
5.00%
|
Ozg Payment Gateway Consultant
Contact #
0091-9811415701-06-10-74-92-97
Email:
india@paymentgatewayconsultant.com
Website: www.paymentgatewayconsultant.com
Whizpay
whizPay is a
modular multipurpose, PCI-certified Gateway. The “Pay as you Grow”
enables
enterprises to reduce operational costs and avoid huge upfront
investments in
payment solutions. The platform also provides multicurrency, mobile
payments,
Virtual terminal and Web Services for third party integration as part
of the
platform providing several avenues to accept payments. WhizPay works
with any
shopping cart. Support all Master and Visa Credit Cards and also
support 19
Banks debit Cards. WhizPay accept transactions in 36
Currencies.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
Bronze
|
Rs.
10000/-
|
Rs.
1000/-
|
6.00%
|
Silver
|
Rs.
15000/-
|
Rs.
1000/-
|
5.00%
|
Gold
|
Rs.
20000/-
|
Rs.
1000/- 4.00%
|
ICICI
ICICI Bank,
India’s second largest private sector bank with over 2,000 branches
across the
country, and First Data, a global leader in electronic commerce and
payment
services, have formed a merchant acquiring alliance named ICICI
Merchant
Services which has acquired ICICI Bank’s merchant acquiring portfolio.
Over
time, ICICI Merchant Services expects to deliver an enhanced suite of
card
acquiring services to existing and to new merchants. First Data, a KKR
company,
provides payment processing services for 5.3 million merchant locations
globally and serves customers in 36 countries around the
world.
Product
/ Plans
|
Upfront
Fees
|
Annual
Software Maintenance Cost
|
Transaction
costs (Credit / Debit Cards)
|
Rs.
30000/-
|
Rs.
10000/-
|
3.00
– 3.5%
|
Note:
The above data has been taken from website of Payment Gateway (PG)
providers
either first party or second party. It could be vary as per the current
market
price. The most of PG companies listed above are the business partner
of Ozg
Payment Gateway Consultant - www.paymentgatewayconsultant.com. You may order
their services through Ozg.
Ozg Payment Gateway Consultant
Contact #
0091-9811415701-06-10-74-92-97
Email:
india@paymentgatewayconsultant.com
Website: www.paymentgatewayconsultant.com
Written & Compiled by Ozg Ecommerce Consulting Team, Mumbai
