A payment gateway is an application that helps users to do various online payments by using very simple methods & techniques. As things are changing from industrial age to digital age, every company is using online platforms to sell their products or to do online businesses. If you want to buy something or purchase something online then payment gateway is the first step in the online payment process and it plays a pivotal role that helps E-commerce companies to more easily accept online transactions.
These days the competition level is very high and every new day you’ll find some new startups or new organizations are there in the market to compete with you. Being into a software development company from the last couple of years we always strive to provide the best solutions to our customers by doing in-depth market research and analysis of new & latest technologies.
So, as per the report of our market research and development team, we have found the top 5 payment gateways that are going to rule in 2020.
This is one of the most popular payment gateways which is used in India for almost every online business website. It generally supports 6 credit cards which are – eZeClick, Diners Club, Visa, American Express, Diners Club, MasterCard, and JCB.
Generally, CCAvenue supports 27 major foreign currencies and that will help or allow your customers or client to pay in the currency they know the best.
CCAvenue also provides you an option of a Multilingual checkout page that offers 18 major Indian and International languages to easily checkout.
They provide safe and secure payment integration methods for all kinds of online transactions done by customers.
In our report, we consider PayUBiz as the second best online payment gateway management software in India. It helps many Businesses, E-commerce companies and freelancers to manage and accept all their transactions safely and securely.
The company supports many different payment methods such as Net Banking, Debit Cards, Mobile Wallets, Credit Cards and UPI, as well.
PayUBiz allows businesses to accept and manage their payments in 13 currencies.
PayUBiz payment gateway also serves some of the biggest E-commerce startups or companies Like – myntra, Grofers, Urban Ladder, Alt Balaji, BookMyShow, Ola, Jabong, etc.
Citrus Pay is also one of the leading payment gateway software in India. This payment gateway was first started by Satyen Kothari and Jitendra Gupta to make the online payment system in a more simplified way.
The company accepts all types of cards including credit cards for transactions, however, there are some limitations.
They also provide the best security services for online transactions and best customer support for all types of E-commerce companies.
CitrusPay Payment Gateway also serves some of the big E-commerce giants, like – Emirates, PVR Cinemas, Healthkart, Lenskart, and many other startups. These days many of the new E-commerce companies are shifting towards this payment gateways software.
I think everyone is aware of the Paytm wallet of this application as generally most of us use this as a money transfer application. Paytm is also now becoming one of the popular payment gateway management software in India to make secure and safe online payments.
They generally support almost all types of credit cards including Visa, Master, Maestro, Amex, Discover and Diners and other international payments.
They don’t apply any type of charges on the transactions for multi-currency.
A customer or a user can avail paytm services after complete verification of necessary documents and details which takes approximately 2 days. That’s why most of the small scale businesses, Startups, and Enterprises prefer paytm as one of the best payment gateway options.
Paypal is one of the most popular international payment gateways and now it’s also started using in India as well. If we talk about its popularity then you’ll be shocked to hear that this payment gateway is available in 200+ countries has progressed 4 billion payments and that’s a big number.
It supports over 100 multi-currencies across the globe and manages all the major E-commerce CMS systems.
In Paypal, the verification of your documents can be done within a very short span of time and you can start your services in just a few minutes. The only requirements they have for documents are scanned pan, local bank account, and a purpose code.
Some of the best companies that are using PayPal payment gateways are Bookmyshow, Yatra, Bharat Matrimony and many others.
So, these are some of the best payment gateways that you can use and implement for your businesses. As always trust and security is the main concern for any business that’s why it’s mandatory to choose the best payment management software system. I hope this information will help you to find the best payment gateway option in 2020 for your new online eCommerce businesses.