- Feb 27, 2014
- 16,946
- 22,801
I read about UPI some time ago, but what payment gateways are often used?
What payment gateways are being used in India?
- Thread starter Festinger Vault
- Start date
- Oct 25, 2018
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Razorpay, Paytm, Cashfree these are the common ones.
- Nov 23, 2020
- 5,650
- 1,688
PayU.
Instamojo.
CCAvenue.
Bill Desk.
JusPay.
Airpay
Instamojo.
CCAvenue.
Bill Desk.
JusPay.
Airpay
- Oct 31, 2021
- 4,655
- 1,315
Razorpay is the most popular one.
- Nov 16, 2011
- 18,487
- 10,615
UPI is the leader. Even local street vendors have UPI scans.
- Aug 21, 2016
- 3,251
- 739
Most commonly I see the uses of Razorpay in all of my vendors and Buyers, It's Easy to connect with UPI, Card transactions.
That's the reason it is one of the Notable gateways nowadays.
That's the reason it is one of the Notable gateways nowadays.
- Aug 10, 2022
- 1,350
- 834
Razropay and UPI both are pretty common
- Feb 27, 2014
- 16,946
- 22,801
Thanks all for your comments, these are really helpful.
I have been checking out a few payment gateways for WooCommerce, for example, Razorpay to enable INR.
However, the do not allow sign up from outside of India.
Does anybody knows a payment gateway that supports INR and allows business sign up from outside India?
- Oct 25, 2018
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- 8,828
As far as I know, you'll have to incorporate a company in India to sign up for a payment gateway.Does anybody knows a payment gateway that supports INR and allows business sign up from outside India?
- Sep 10, 2010
- 11,682
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As far as I know this is true. Plus if you choose to create an Indian company, you will need to have Indian shareholders in the company. It cannot be 100% foreign shareholders.
- Feb 27, 2014
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Thanks for your comment.
So I assume there is no other way in receiving INR without having an Indian company / shareholders in place, right?
- Sep 10, 2010
- 11,682
- 26,241
With paypal/wise you can. But wise cannot be used as a payment gateway if I have not mistaken, and paypal’s rates are super bad.
- Oct 25, 2018
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- 8,828
2checkout accepts payment in multiple currencies, including INR, have a look if it helps you out.
The thing with Indian companies is, tax laws are very stringent. There's no way you can find a company who will accept you as a vendor unless you're incorporated and paying taxes on your income generated from India.
Only other way is to have an Indian do it for you but it will end up costing you a lot because the Indian partner while accepting payments on your behalf will have to pay taxes on those payments that can rise up to 30%. So 30% taxes + commission for your Indian partner.
- Jun 16, 2020
- 3,232
- 3,120
Wise Bank lets you do it. They also have inbuilt UPIThanks all for your comments, these are really helpful.
I have been checking out a few payment gateways for WooCommerce, for example, Razorpay to enable INR.
However, the do not allow sign up from outside of India.
Does anybody knows a payment gateway that supports INR and allows business sign up from outside India?
Very very low fee
- Feb 27, 2014
- 16,946
- 22,801
Thank you all gentlemen! I will investigate your recommendations =)
- Jun 20, 2013
- 11,291
- 8,660
Setup a JV with someone from India, give home small fee and he will get it done for you. But you do need a reliable person.
Jugaddu
Junior Member
- Jan 23, 2018
- 157
- 72
UPI anytime anywhere, Every tom, dick, harry uses it because of no transactions charge and ease of use.
Razorpay and cashfree are not accepting any new members because of some issue wit regulators.
I saw some SMM panels providing UPI payments last year but I dont see it anymore, Maybe because of the regulator clamping down on them.
Solutions:
I guess you already have access to debit cards and credit cards payment option on your site. But you want to use UPI.
UPI is owned directly by Indian gov so the regulations around it is very strict.
You need to have a company in India to use UPI(Proprietorship wont work) wit a Indian partner.
You need to get GST and file for company and GST compliance each year.
Since you are providing service government will take 30% of your profits straight away.
You need to hire a CA who can rotate your money and get you paid and file your compliances.
You may get into a JV wit someone here who can provide you with UPI gateway still the above points will apply if the revenue is exceeding 200K INR per year.
OR you can try
https://www.constantpayments.com/ Saw them providing UPI payment service to some porn site.
https://tazapay.com/ They are the singapore based payment provider not sure about UPI but they do provide local Indian bank transfer.
Also as a work around they provide PayNow QR which works with UPI app.
Razorpay and cashfree are not accepting any new members because of some issue wit regulators.
I saw some SMM panels providing UPI payments last year but I dont see it anymore, Maybe because of the regulator clamping down on them.
Solutions:
I guess you already have access to debit cards and credit cards payment option on your site. But you want to use UPI.
UPI is owned directly by Indian gov so the regulations around it is very strict.
You need to have a company in India to use UPI(Proprietorship wont work) wit a Indian partner.
You need to get GST and file for company and GST compliance each year.
Since you are providing service government will take 30% of your profits straight away.
You need to hire a CA who can rotate your money and get you paid and file your compliances.
You may get into a JV wit someone here who can provide you with UPI gateway still the above points will apply if the revenue is exceeding 200K INR per year.
OR you can try
https://www.constantpayments.com/ Saw them providing UPI payment service to some porn site.
https://tazapay.com/ They are the singapore based payment provider not sure about UPI but they do provide local Indian bank transfer.
Also as a work around they provide PayNow QR which works with UPI app.