A payment gateway is a service that enables your credit card company to process all of your credit card transactions. It’s simply a link between a website and a bank that allows customers to pay with their credit cards via payment gateway providers. It’s critical to consider if a payment gateway assures consistent and easy transactions; adheres to quality standards and policies, and encrypts sensitive data to combat payment processing fraud when choosing one. Stripe, PayPal, Razorpay, 2Checkout and CCAvenue are a few popular payment gateways for the web hosting industry.


It is a robust payment API that enables users to send and receive money over the internet through credit cards and other internet payment methods to make payments. It can be used as a payment processor as well as a payment gateway. Stripe is used by Amazon, Shopify, Foursquare, Dribble, Google, Slack etc.


It is a digital payment service that allows users to transfer and request money over the internet. It is one of the first to offer internet transactions and has a worldwide reach. Customers may also conduct peer-to-peer transactions, which other payment gateways may not offer. Expedia, eBay, Pandora, and a few other companies utilise PayPal.


It is a payments system that allows businesses to accept, process, and distribute payments with their product line. It allows you to pay using a credit card, debit card, net banking, UPI, and popular wallets. RazorpayX boosts your business banking experience by improving the efficacy, efficiency, and quality of all financial procedures. From a single platform, you can manage your marketplace, automate bank transfers, collect recurring payments, share invoices with consumers; and apply for working capital loans. Goibbo, Nykaa, pizza hut, Spicejet etc use Razorpay. 


It is an electronic payment service that was launched in 2000; that allows payments to be made online through credit card payments from both domestic and international clients. Brocade, Cyberlink, HP, Lumion, etc use 2Checkout.


It is a payment gateway that has been approved by Indian financial institutions. It’s one of India’s most popular and reliable gateways. It accepts up to 27 main worldwide currencies and allows you to take payments using the way that is most convenient for your customers. It offers convenient, and secure online payment gateway services; including real-time transaction validation for credit cards, debit cards, net banking, digital and mobile wallets, cash cards, and mobile payments. Myntra, MakeMyTrip, Lakme, Airasia etc uses CCAvenue.

Detailed feature comparison of Payment Gateways


Stripe is a transaction-based payment processing system that charges flat rates. Accepting card payments online costs 2.9% plus 30 cents for every transaction, and accepting in-person payments costs 2.7% plus 5 cents. There are no monthly or yearly fees.

PayPal’s transaction processing fees range from 1.9% to 3.5% of the transaction amount; plus a set cost of 5 cents to 49 cents. The amount you pay is determined by the PayPal product you use.

Razorpay with the standard plan’s no-cost setup and maintenance, you only pay a charge when receiving funds. Charges include 2% per transaction for Indian credit cards, debit cards, net banking from 58 banks, UPI, and wallets; such as Freecharge, Mobikwik, and others, and 3% per transaction for Diners’ and American Express cards, international cards, and EMI.

For 2Checkout, there are no monthly fees or hidden costs, and the price is completely transparent. 2Sell Plan- This is for foreign sellers. It has a 3.5% plus $0.35 per sale rate. 2Subscribe Plan- For people who offer subscriptions, this is the plan to use. It has a 4.5% plus $0.45 per sale rate. 2Monetize Plan- This is for individuals who want to sell digital things all over the world. It has a commission rate of 6% + $0.60 for each sale.

CCAvenue Startup Pro Plan, which is free, and the Privilege Plan, which costs Rs. 30,000. In addition, startup accounts are subject to an annual software upgrade fee of Rs. 1200. The following are the transaction fees: On Visa, Mastercard, and Maestro domestic credit/debit cards, there is a 2% charge. Domestic commercial credit cards are subject to a 3% surcharge. There is a 4% fee on international MasterCard and Visa credit/debit cards. On 27 multi-currency alternatives, you may get a 4.99% return. CCAvenue Finance charges 0.20% to 0.50% plus GST every day.


Stripe is operational in 39 countries (with more on the way), but it supports over 135 currencies and accepts significantly more payment methods. Stripe accepts Visa, Mastercard, American Express, JCB, and other major credit cards.

PayPal accepts 25 currencies and is available in more than 200 countries; allowing companies to reach a large number of customers. PayPal Cash, PayPal Cash Plus, bank accounts, and rewards balances are all accepted as payment methods.

Razorpay accepts payments from customers in more than 100 currencies and supports only India; using Payment Gateway and other products such as Payment Pages, Payment Button, Payment Links and Invoices.

2Checkout accepts payments in 196 countries using 8 different payment methods, 26 different currencies, and 15 different languages. A merchant account, a pre-integrated payment gateway, international fraud detection, PCI compliance, and plug-ins for 100 major carts are all included in the E-service.

CCAvenue supports multi-currency payment processing. Merchants may target and sell globally. They execute transactions in 27 main foreign currencies.


A payment gateway that provides good security tools for both your business and your clients is ideal. PayPal, Stripe, Razorpay, 2Checkout and CCAvenue are all safe PCI DSS compliant, reliable payment services. They employ end-to-end encryption to keep data secure. In addition, each organisation has internal security, privacy, and fraud protection policies; in place to protect sensitive data from unwanted access. With this, one can rest certain that their data will be handled safely.

Customer Service

In terms of customer service, PayPal, Stripe, Razorpay, 2Checkout and CCAvenue are all fairly equal and are recognised for providing good help. 24×7 support on Phone and email, live chat assistance, developer support, social networks, and community forums are just a few of the customer care and support alternatives they provide.


If you’re just starting out a company, all the payment gateways option are equally good. The most straightforward choice is to use a payment service provider like PayPal, Stripe or Razorpay. They take care of everything from start to finish, with better transaction rates and personalized assistance; so you don’t have to bother about setting up a separate bank account or bespoke software. By choosing any of these Payment Gateways, you give up some control over the user experience; but you also don’t have to worry about security.

By Akshita Chandak

Marketing & Finance Intern, InsightDials

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