Back in 2013, along with the launch of Flipkart’s payment gateway service PayZippy, we had done an overview comparison of payment gateways, with respect to their pricing plan and services offered in the country. Its has been 6 months since our coverage, much has changed.
Hence we have decided to do an update on this comparison and this time around we have added 2 more services, bringing the total number of services covered to 7.
Payzippy
| Plan | Standard | Promotional |
| Setup Fee (Rs) | 0 | 0 |
| Debit Card | 0.75% for Transaction Value upto Rs. 2000 1% for Transaction Value above Rs. 2000 |
0.75% for Transaction Value upto Rs. 2000 1% for Transaction Value above Rs. 2000 |
| Netbanking | 3.5% for Transaction Value between Rs. 0-5 lakhs.
3.25% for Transaction Value between Rs. 5-10 lakhs. 3% for Transaction Value between Rs. 10-25 lakhs. 2.5% for Transaction Value between Rs. 25-100 lakhs. For Transaction Value above Rs. 1 Cr (Custom Quote) |
1% |
| Credit Card | 3.5% for Transaction Value between Rs. 0-5 lakhs.
3.25% for Transaction Value between Rs. 5-10 lakhs. 3% for Transaction Value between Rs. 10-25 lakhs. 2.5% for Transaction Value between Rs. 25-100 lakhs. For Transaction Value above Rs. 1 Cr (Custom Quote) |
1% |
| American Express | 3.5% | 1% |
| International Credit Card | 1.5% over and above domestic credit card pricing | 1% |
| AMC (Rs) | 0 | 0 |
| Note* | Promotional Pricing is for sign-ups before 31st March, 2014 and is valid till June 18th, 2014. Taxes apply to all above charges. | |
CCAvenue
| Plan | Popular | Privelage |
| Setup Fee (Rs) | 0 | 30000 |
| Debit Card | 1.25% | 1.25% |
| Netbanking | 4% | 2.5% |
| Credit Card | 3.5% | 2.25% |
| American Express / JCB | 5% | 3.6% |
| Cash Card | 5% | 3.6% |
| CC Avenue Phone Pay | 0.5% + Above TDR | 0.5% + Above TDR |
| AUSC/AMC (Rs) | 1200 (from 2nd year) | 3600 |
| Note* | Annual Software Upgradation Charges (ASUC) is charged on a per month basis payable in advance every year in April. Taxes apply to all above charges. | |
Citrus
| Plan | Introductory Offer (6 months) | Easy Starter | Level Up | Power Packed |
| Monthly Charges (Rs) | 1 | 7000 | 10000 | 15000 |
| Setup Fee (Rs) | 0 | 0 | 0 | 0 |
| Debit Card | 1.25% | 1.25% | 1.25% | 1.25% |
| Netbanking | 2% | 2% | 2% | 2% |
| Credit Card | 2% | 2% | 2% | 2% |
| American Express | 2.75% | 2.75% | 2.75% | 2.75% |
| AMC (Rs) | 0 | 0 | 0 | 0 |
| Notes* | The above mentioned plan is for monthly transactions numbering between 1000 to 5000. For plans with monthly transactions numbers between 1-100 & 100-1000, TDR is flat 2.5% on all transactions, only the monthly charges vary. Plan monthly charges vary depending on transaction number chosen. Monthly charges payable upfront. For plan with more than 5000 transactions per month, custom quote facility is available. | |||
PayU India
| Plan | Economy | Silver | Gold | Platinum |
| Setup Fee (Rs) | 6000 | 12000 | 24000 | 36000 |
| Debit Card | 0.75% for Transaction Value upto Rs. 2000. 1% for Transaction Value above Rs. 2000. |
0.75% for Transaction Value upto Rs. 2000. 1% for Transaction Value above Rs. 2000. |
0.75% for Transaction Value upto Rs. 2000. 1% for Transaction Value above Rs. 2000. |
0.75% for Transaction Value upto Rs. 2000. 1% for Transaction Value above Rs. 2000. |
| Netbanking | 4.9% | 3.9% | 3.25% | 2.75% |
| Credit Card | 4.9% | 3.9% | 3.25% | 2.75% |
| American Express | 4.9% | 3.9% | 3.5% | 3.25% |
| EMI | 4.9% | 3.9% | 3.25% | 2.75% |
| Cash Card | 4.9% | 3.9% | 3.25% | 3% |
| Release on Delivery (COD) | 2.9% | 2.9% | 2.9% | 2.75% |
| AMC (Rs) | 2400 | 2400 | 2400 | 2400 |
EBS
| Plan | Bronze | Silver | Gold | Platinum |
| Setup Fee (Rs) | 12000 | 18000 | 24000 | 30000 |
| Debit Card | 3% | 1.75% | 1.5% | 1.25% |
| Netbanking | 4% | 3.5% | 2.75% | 2.5% |
| Credit Card | 4% | 3.5% | 2.75% | 2.5% |
| American Express/JCB/Diners | 5% | 4.5% | 4% | 3.75% |
| EMI | NA | NA | 3.75% for 3 months. 5.75% for 6 months. |
3.75% for 3 months. 5.75% for 6 months. |
| MMC (Rs) | 600 | 500 | 400 | 300 |
| Notes* | MMC will be waived in Silver, Gold & Platinum plans if Transaction Volumes Processed is above Rs. 300,000 per month. EMI options currently available through Citibank, HDFC Bank & ICICI Bank. Taxes apply to all above charges. | |||
Direcpay
| Plan | Gold | Platinum | Corporate |
| Setup Fee (Rs) | 10000 | 20000 | 35000 |
| Debit Card | 1.25% | 1.25% | 1.25% |
| Netbanking | 4% | 3% | 2% |
| Credit Card | 4% | 3% | 2% |
| AMC (Rs) | 2400 | 2400 | 2400 |
| Notes* | Taxes apply to all above charges. | ||
Zaakpay
| Plan | Starter | Express |
| Setup Fee | 10000 | 30000 |
| TDR | 3% for Monthly Transaction Value upto Rs.5 lakhs 2.5% for Monthly Transactiona Value above Rs. 5lakhs |
2.5% |
| AMC (Rs) | 2400 (From second year) | 0 |
*Disclaimer: PayUMoney is an advertiser at NextBigWhat.
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I am using EBS payment gateways from last 6 months for my online website and too much happy with my business. The technical team of EBS is also always available for any queries from my side.
Good article but it needs to be updated. I recently came across following article which covers mobile wallets as well:
http://www.profitbooks.net/best-payment-gateways-india/
Thanks a lot for the information. Can you share more details on EBS
I would really Recommend http://www.Instamojo.com they have the lowest TDR of 1.9% flat and no Setup fees and works really well with our website and has helped our business to grow.
I have been using Citrus Pay for quite sometime now and I am so far very happy with their performance. Most of the transactions successfully go through with them. Also, the payment experience for my consumers with Citrus is very smooth.
Moreover in case of any issue, their team is very responsive and get the matter resolved quickly. The new marketplace solution is especially useful for my B2B startup as it simplifies the hassle of payouts to my sub merchants.
I would surely recommend Citrus for startups, marketplace players and big organizations