From past few weeks, I have been looking for an online payment gateway for our product. Here is what my research could dig up.
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CCAvenue | EBS | ICICI Payseal | Paypal / Google CheckOut |
| Starter Package | 7500 INR @ 7% TDR | 6000 INR @ 6% TDR | 25000 INR @ 4% TDR | 3.4% TDR |
| Advantages | - Maximum coverage - Includes telephone based payment - Market leader with limited consumer brand recognition - Professional organisation |
- Prompt service - Most affordable - Provide additional discounts - Supported by Axis Bank |
- Lowest TDR among Indian options | - Supports Subscription based services - Lowest TDR |
| Disadvantages | - No Discounts - Lethargic service due to their high market share |
- Poor Coverage (No SBI net banking) |
- Poor coverage - Uptime issues |
- No INR support - Service is poor towards startups |
| My Verdict | Best option by far | 2nd best | For large transactions only |
If customers are abroad with monthly renewals |
It was a close call between Ccavenue and EBS but went ahead with Ccavenue since they provide the maximum coverage with better uptime and security measures. Hope this saves time and energy for others who are contemplating the same. Do send in your comments which could be added to the table.
Hi. I am Shashank ND, co-founder & CEO Practo. I am technology enthusiast, spend most of my time on the web.
