As businesses increasingly rely on digital technology, online payments have become essential for seamless global trade. For Indian merchants, having a secure and reliable payment gateway for international transactions is vital to expanding their reach and growing their business. Here’s an updated list of the top international payment gateways in India, focusing on the latest trends and offerings in 2024.
1. Razorpay
Razorpay has emerged as a leading player in India’s fintech ecosystem. With support for over 100 currencies, Razorpay enables seamless international payments. Its features include UPI, credit/debit card support, net banking, and popular wallets. Razorpay charges a nominal fee for international transactions and offers fraud detection tools for enhanced security. Sign Up Now
- Setup Fee: None
- Transaction Fee: ~3% (international)
- Settlement Time: T+2 days
2. Cashfree Payment
Cashfree remains a strong competitor with its extensive range of payment modes, including UPI, cards, and wallets. It is trusted for quick settlements and advanced analytics, making it a preferred choice for scaling businesses. Sign Up Now
- Setup Fee: None
- Transaction Fee: Starts at 3.5% for international payments
- Settlement Time: T+1 day
3. PayU
PayU offers seamless international payment processing with multi-currency support. Its high-security features and integration with global credit card networks like MasterCard, Visa, and Amex make it a reliable gateway for Indian businesses. Sign Up Now
- Setup Fee: None
- Transaction Fee: Starts at 3.0% for international payments
- Settlement Time: T+2 day
4. Payoneer
Payoneer is a preferred payment gateway for freelancers, exporters, and global service providers. It supports payments in multiple currencies and is ideal for international bank transfers with low conversion fees. Sign Up Now
- Setup Fee: None
- Transaction Fee: 3% (currency conversion)
- Settlement Time: Within hours for many currencies
5. Stripe
Stripe is a developer-friendly gateway that offers customization and advanced APIs. With its wide range of payment options, including credit cards, ACH, and wallets, Stripe is perfect for e-commerce platforms and startups targeting international customers.
- Setup Fee: None
- Transaction Fee: ~3.5% + fixed fees (international)
- Settlement Time: T+2 days
6. PayPal
Globally recognized, PayPal remains a popular choice for Indian businesses accepting international payments. Its trusted reputation and robust security measures make it a go-to option. PayPal supports multiple currencies and provides features like invoice management and buyer protection.
- Setup Fee: None
- Transaction Fee: ~4.4% + a fixed fee per currency
- Settlement Time: T+1 day
7. CCAvenue
CCAvenue supports international transactions in multiple currencies and offers multi-lingual payment pages, making it accessible to a diverse audience. Its fraud detection system ensures safe transactions.
- Setup Fee: ~Rs. 7500
- Transaction Fee: 3% for international payments
- Settlement Time: T+2 days
8. Easebuzz
Easebuzz is a secure digital payment gateway supporting domestic and international transactions. It offers multi-currency acceptance, seamless integration, and advanced security features, making it ideal for businesses expanding globally.
- Setup Fee: None
- Transaction Fee: Varies based on transaction volume
- Settlement Time: T+2 days
9. Instamojo
Instamojo is a versatile platform that is ideal for small businesses and startups without dedicated websites. Its no-setup fee model, easy integration, and support for international cards make it a great option.
- Setup Fee: None
- Transaction Fee: 2% + Rs. 3 (domestic); international charges may vary
- Settlement Time: T+3 days
10. Wise
Wise (formerly TransferWise) is a cost-effective international payment service known for its low fees, real exchange rates, and multi-currency accounts. Ideal for freelancers, small businesses, and enterprises managing cross-border payments.
- Setup Fee: None
- Transaction Fee: 3.5% + fixed fees
- Settlement Time: T+1 days
Conclusion
India’s dynamic fintech space offers a wide array of payment gateways that cater to diverse business needs. Whether you’re a startup, freelancer, or established enterprise, choosing the right gateway ensures seamless and secure international transactions. Evaluate the options based on transaction fees, setup costs, and settlement times to find the perfect fit for your business in 2024. Make your global payments effortless and secure with the top trending gateways today!
