Power-up your e-store with low-priced payment gateway in India

It is quite challenging to set up an online business in the Indian market which is already full of e-stores and markets. However, the Indian market is gigantic so opportunities are vast. Though, the initial stage of every business is struggling. But it does not mean that you could not be successful. The best part of your online business always encompasses the successful integration of an online payment system. At the beginning phase of business, you should consider low charge payment gateway. It will not only help your business to get on track but will also keep operational costs small.

Compare charges

Well, it is your job to settle for the best payment network that suits your business. But you should remember to go with a reliable financial platform to derive an online payment facility for your customers. It is good to discover one which has lower set-up charges and monthly fees. But do not compromise the quality and security that consumers would expect from your online payment solutions while processing payments. So, the best way is to compare the prices online. This would certainly help you in choosing the payment service that comes with monetary gains for your business.

Look into the transaction fee

The prominent way to settle for low charge payment gateway is to sort the transaction charges for each payment network. This would always work for you and enable you to set up a payment system for your e-store. You can check with some professional websites that offer descriptions and reviews about payment networks. These sites have clearly mentioned all payment charges individualized for payment gateways. For example, if you want to check for Razorpay which is obviously the best payment network in India. It mainly charges 2% of the transaction fee on online payments. The charges for international payments are flat at 3% per transaction.

Consider cheap payment modes

In India, you can discover the benefit of growing the customer base for your e-business by providing customers with cheap payment methods. Currently, UPI is the cheapest option that Indian buyers also admire using. This is undoubtedly cheaper than NEFT and IMPS methods. There are many payment networks that offer customers to pay via UPI by using their mobiles. Therefore, by searching for such a payment service, you can render the best and of course cheapest online shopping experience to the buyers. This would certainly help your business in growth and profit-making.

Setup cost

A low charge payment gateway would also come with zero setup charges. So, this would be the best monetary advantage for you in the initial phase of the eCommerce business. You can take the example of Paytm which offers zero setup costs and maintenance. This payment network offers real-time payment settlement and also works with the dedicated account manager to provide records for transactions. Similarly, Cashfree is the gateway that offers low-cost payment settlements to businesses. Therefore, you can look at the policies of these payment networks to choose the suitable one for your startup.