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Which Payment Gateway is best for E-commerce Store delivering products in India?

Discussion in 'Payment Processing' started by gautamdev1990, Nov 9, 2017.

  1. #1
    I am going to launch an E commerce store and want to include a payment get-way to make payments for customers.
    SEMrush
    Now, my question is which payment get-way should use and what are the total charges including hidden charges?
     
    gautamdev1990, Nov 9, 2017 IP
    SEMrush
  2. iwebsocial

    iwebsocial Well-Known Member

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    #2
    You can go with Payumoney, ccavenue and EBS. All of them are very reliable and excellent payment processor for Indian Merchants and sign and account activation is free.
     
    iwebsocial, Nov 9, 2017 IP
  3. yiberkit

    yiberkit Active Member

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    #3
    Do they accept adult?
     
    yiberkit, Nov 14, 2017 IP
  4. Li.ikonow

    Li.ikonow Peon

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    #4
    Consider a couple of things. Depending on your business some might be even crucial.

    Number one is convenience using payment checkout for your customer should be your number one priority. User-friendly is a term that cannot be overstated here.
    Geography matters, if you are willing in the future to expand your business, it's good to think about a payment gateway that provides its services with multiple currencies and customizable checkout and more importantly international payment options. Of course you have to also think how they handle chargebacks and check their fraud policy, do they offer build-in invoice capabilities (belive me it will make your life easier!)

    Personally I'm using G2A Pay and I'm happy.
    My website offers digital products (pre-paid cards) which means I'm not restricted to specific region, my decision was based on that. They provide acceptable fees, integration was super fast and my customers can pay with their preferable currency.
     
    Li.ikonow, Nov 21, 2017 IP
  5. sharma.vivek094

    sharma.vivek094 Greenhorn

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    #5
    Hi Mate,

    Unfortunately, the Reserve Bank of India and the other Govt Agencies don't allow the sale of adult content.

    These are few industries which are banned or considered High Risk Industries.
    • CBD - Banned
    • HEMP - Banned
    • KRATOM - Banned
    • ADULT CONTENT - Banned
    • ADULT VIDEO STREAMING - Banned
    • ECIG - Partially Banned - Many Indian States have Banned it. It's the similar story as MMJ and CBD in the USA
    • JOB SITES - Very Hard to Place - There have been some recent scams in the industry in the past few days.
    • MATRIMONIAL SITES - Very Hard - Because of Scams
    • WEB DESIGN - Hard to Place because Tech Support Merchants may use it (Miscoding). Tech Support merchants can get solutions from China, Singapore, and Europe.
    For Adult, i will suggest checking processors based in eastern Europe. We have seen good approvals from them.

    For adults, you can also look at echeck or check21 processing

    Best Wishes
    Quadrapay
     
    sharma.vivek094, Dec 1, 2017 IP
    eric_wahlberg likes this.
  6. sharma.vivek094

    sharma.vivek094 Greenhorn

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    #6
    Hi Mate,

    Good to see that you have joined startup India. Best wishes to you.

    Talking about the payment processing trend in India. I would say its lot different from what we see in the USA. It is also different than the UK... But a lot different than the US. Let me explain why.

    The smartphone penetration in the USA is a lot bigger than India and that is why there are many Merchant services companies. These payment processing companies offer multiple products like
    • Merchant Account
    • Payment gateway
    • Chargeback Alerts
    • Business Funding
    • Echeck or Check21.
    There are many national associations of payment processing companies.

    This massive number of service providers creates a positive situation for the merchant or the business owner.

    The rate structure is Interchange+ Charges

    Nothing much can be done on the interchange - consider this same for all merchants using same card brands.

    Charges are the markup - Your PSP or the Merchant account acquirer makes money on it by adding markup.


    There is nothing wrong with making profits but as a merchant, you must use your negotiation skills. You can always negotiate with the processor and ask for better transaction rates. Most of the PSP's can offer Free setup if they see good potential in the merchants business. Always share a Business Plan and let them know that you are ready to make it the next big Brand. We have seen many businesses get better pricing just by using few negotiation skills.

    Also if you are starting an e-commerce business then you must look global. You will sell in the strongest currencies of the world and will make good profit in INR once you convert your USD remittance.

     
    sharma.vivek094, Dec 1, 2017 IP
  7. eric_wahlberg

    eric_wahlberg Well-Known Member

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    #7
    You can try Pay4u.
     
    eric_wahlberg, Dec 8, 2017 IP
  8. CreditProcessor

    CreditProcessor Peon

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    #8
    Hello,

    System Merchants is a registered Payment Service provider specializing in high risk credit card processing. If anyone is in need of a new merchant account please feel free to contact me, Account Executive:
     
    CreditProcessor, Dec 11, 2017 IP