I am a eCommerce professional and have worked with various payment gateways. Here is a list of all the payment gateways in India. visit the site look for the list at the footer of the site . wirelessduniya dot com Payu,EBS,CCAvenue are the best options. All the best
Paypal has definitely cracked down on their regulations regarding vendor accounts in India. Before setting up an account, you would definitely want to do your research as Saiwebtel eloquently wrote what key points to check and determine whether or not a payment gateway is suitable. BlueSnap is currently looking for more alternatives to enter the Indian market again, but in order to find an acquiring bank India credit card managers first check to see whether or not they can offer a solution to meet their customer's needs. Community Manager at BlueSnap (Plimus)