9 Best Shopify Payment Gateways in India

Shopify Payments isn’t available in India. That means every Indian Shopify merchant needs a third-party payment gateway to accept credit cards, debit cards, UPI, net banking, and wallets.

The problem is there are over 20 gateways competing for your attention, each with different fee structures, settlement windows, and compliance levels. Picking the wrong one costs you money on every transaction and can delay your cash flow by days.

We compared nine of the most widely used payment gateways for Shopify stores in India. This guide breaks down their fees, features, settlement times, and limitations so you can pick the right one for your store.

What Are Payment Processors for Ecommerce Ơlatforms? 

A payment gateway is the technology that sits between your customer and your bank. When someone buys from your Shopify store, the gateway securely transmits their card or UPI details, verifies the transaction with the bank, and confirms the payment. Without it, your store can’t accept electronic payments.
For Indian Shopify merchants, this matters more than usual. Since Shopify Payments isn’t available in India, you’re entirely dependent on a third-party gateway for every sale. The gateway you choose directly affects three things: how much you pay per transaction, how quickly you receive your money, and which payment methods your customers can use.
India processed 228.3 billion UPI transactions in 2025, with over 500 million unique users. If your gateway doesn’t support UPI, you’re locking out the country’s most popular payment method. The right gateway connects your store to UPI, cards, wallets, net banking, and EMI options so customers can pay the way they prefer.
With that context in mind, here’s a side-by-side look at all nine gateways before we break each one down in detail.

At-a-Glance Comparison

Gateway	Transaction Fee (Domestic)	UPI Support	International	Settlement	Setup/Annual Fee
Razorpay	2% + GST	Yes	Yes (with approval)	T+2	Free
Cashfree	1.95% (promo 1.6% for new merchants)	Yes	Yes	T+1 to T+2	Free
PayU Money	2% + GST	Yes	Yes	T+2	Free
CCAvenue	2%	Yes	Yes	Weekly (min Rs 1,000)	Rs 3,600/year (ASUC)
PayTM	1.99%	Yes	Yes	T+1 to T+2	Free
PayPal	4.4% + $0.30 + currency conversion	No	Yes	Daily	Free
InstaMojo	5% + Rs 3 (free plan) / 2% + Rs 3 (paid plan)	Yes	No	T+3	Free or Rs 6,999/year
PayKun	1.75% (UPI/debit) / 2% (credit) + GST	Yes	No	T+1 to T+3	Free
Atom Paynetz	2.1% (credit) / 0.75-1% (debit)	No	No	T+3	Rs 1,955 setup, Rs 2,955/year

Important: Shopify charges an additional third-party transaction fee on top of your gateway’s fee. The rate depends on your Shopify plan: 2% for Basic, 1% for Grow, and 0.6% for Advanced. Factor both fees into your cost calculations.

Now let’s look at each gateway in detail, starting with the most widely used option for Indian Shopify merchants.

9 Best Payment Gateways for Shopify Stores in India 

Each gateway below is evaluated on fees, payment method support, settlement speed, and how well it integrates with Shopify. We’ve ordered them by overall relevance to Indian Shopify merchants.

After analyzing all available options, we’ve identified the best payment gateway in India for Shopify based on overall value, features, and merchant feedback. Cashfree stands out for its competitive pricing and comprehensive features. With a transaction fee of just 1.75% for domestic payments and support for UPI, it’s ideal for businesses looking for cost-effective and versatile payment solutions. Their robust settlement dashboard and automated reconciliation features make financial management significantly easier for merchants.

1. PayPal

PayPal is a global payment platform available in over 200 countries. PayPal says that in 2014, it handled 4 billion payments (including 1 billion mobile payments). PayPal is used daily by over 173 million consumers.

As a result, if you expect orders from overseas customers, you must have PayPal linked to your eCommerce Store. PayPal supports over 100 currencies, with fund withdrawals in 57 and balances in 26.

In India, retailers typically use PayPal to collect payments from international consumers because Indian companies cannot accept Indian credit cards via PayPal due to banking laws.

Outstanding Features

• Supports 100+ currencies with withdrawal capability in 57 currencies
• Automatic daily deposits to your Indian bank account
• Strong buyer protection builds customer trust
• PCI DSS Level 1 compliance
• iOS and Android mobile app integration
• Works with all major ecommerce platforms

Pricing

• Transaction fee: 4.4% + $0.30 per transaction
• Currency conversion markup: Roughly 3% to 4% above the mid-market rate
• Setup fee: None
• Annual maintenance: None
• Settlement: Daily automatic deposits

Pros

• Most trusted and recognized global payment brand
• 439 million active users worldwide, which builds buyer confidence
• No setup or maintenance fees
• Daily settlement with no withdrawal charges
• Strong fraud protection

Cons

• No UPI, no domestic Indian card processing, no wallet integration
• Total effective cost (fee + currency conversion) can reach 7% to 8% per transaction
• Funds may occasionally be held for review
• Limited webhook integration for Indian merchants

Best for: Stores with international customers. Use PayPal alongside a domestic gateway like Razorpay or Cashfree to cover both markets.

On the other end of the spectrum, if you’re a small store that just wants to start accepting payments quickly without any technical setup, InstaMojo is worth a look.

2. Razorpay

Razorpay is India’s most popular payment gateway for Shopify stores, and for good reason. It supports every major domestic payment method and holds an RBI Payment Aggregator license. The well-documented API makes Shopify integration straightforward, and the mobile-optimized checkout helps convert customers on smaller screens.

Key features

• Accepts credit and debit cards, net banking, UPI, and wallets (JioMoney, Mobikwik, Airtel Money, PayZapp)
• Recurring payments and subscription billing support
• Detailed payment insights dashboard with transaction analytics
• Mobile-optimized checkout experience
• 130+ currencies supported with RBI PA-CB cross-border license (granted December 2025)
• Mobile SDKs for Android, iOS, Flutter, React Native, Capacitor, and Ionic
• Integrates with Shopify, WooCommerce, Magento, CS-Cart, OpenCart, WordPress, WHMCS, and Prestashop
• 24/7 chat and IVR customer support

Pricing

• Domestic transactions: 2% + 18% GST
• International cards, EMI, and American Express: 3% + GST
• Setup fee: None
• Annual maintenance: None
• Settlement: T+3 business days

Pros

• Widest domestic payment method coverage among Indian gateways
• Excellent API documentation and developer resources
• Strong UPI integration with tiered pricing for high-volume merchants
• Dedicated account managers for larger stores

Cons

• International payments require a separate approval process that can take time
• Premium payment methods (EMI, corporate cards, Pay Later) cost 3% + GST
• Settlement at T+3 is slower than Cashfree or PayTM

Best for: Mid-size to large Shopify stores that need the widest payment method coverage, strong documentation, and reliable support.

Started my business with only 1$/month using the Shopify store

3. PayU Money

PayU (formerly PayU Money) is one of the finest payment gateways for accepting online payments with minimal development effort, a simple sign-up process, and a rapid onboarding process.

It supports over 150 payment methods, including credit/debit cards, UPI, net banking, and digital wallets, ensuring a versatile payment experience for customers. Users often praise its user-friendly interface and seamless integration, making it a preferred choice for many businesses. 

However, some users have reported challenges, such as delayed settlements and subpar customer support. Despite these concerns, PayU’s robust security measures and extensive payment options make it a reliable solution for businesses looking to enhance their payment processing capabilities.

Features

• 150+ payment methods, including credit/debit cards, UPI, net banking, and digital wallets
• EMI and Pay Later options for high-value purchases
• International payment acceptance
• Clean REST API integration with Shopify
• Customized rates available for merchants processing over Rs 10 lakh/month

Pricing

• Domestic transactions: 2% + 18% GST
• American Express and Diners Club: 3% + GST
• EMI: Additional setup and maintenance charges apply
• Setup fee: None
• Annual maintenance: None
• Settlement: T+2 business days

Pros

• Easy integration with Shopify via REST API
• Reliable customer support
• Strong security measures with PCI DSS compliance
• UPI support and a comprehensive mobile checkout experience
• Detailed transaction analytics for business intelligence

Cons

• Settlement at T+2 is slower than Cashfree’s T+1
• The interface can feel complex for first-time users
• Limited checkout UI customization options

Best for: Stores that want a reliable, established gateway with broad payment method support and EMI options for higher-ticket products.

4. CCAvenue

CCAvenue is one of India’s major payment gateways, with a diverse range of payment methods. It accepts 200+ payment methods, including six credit cards: Amex, JCB, Diners Club, Mastercard, Visa, and eZeClick. It also supports 27 major currensupports international paymentsof the world’s most important marketplaces outside of India. CCAvenue also has a Multilingual payment page that supports 18 major Indian and foreign languages.

Key Features:

• 200+ payment methods across Visa, Mastercard, Amex, JCB, Diners Club, and eZeClick
• 27 international currencies with multilingual checkout in 18 languages
• Credit and debit cards, UPI, IMPS, and wallet support
• APIs for Shopify, Magento, WooCommerce, Drupal, Joomla, and more
• 24/7 voice, chat, and email support (closed weekends)

Pricing

• Domestic cards, wallets, UPI, IMPS: 2% flat
• International credit cards: Up to 4.99%
• Annual Software Upgradation Charges (ASUC): Rs 3,600/year, waived for first financial year
• Setup fee: None
• Settlement: Weekly payments for amounts exceeding Rs 1,000

Pros

• Widest card network coverage with six networks and 200+ payment methods
• Strong multi-currency and multilingual support for international stores
• Established brand with high reliability
• Zero platform fees for new merchants (limited time, up to Rs 1 lakh)

Cons

• Weekly settlement cycles hurt cash flow compared to daily or T+1 options
• Integration is more complex than newer gateways like Razorpay or Cashfree
• Annual maintenance fee of Rs 3,600 adds to ongoing costs
• Customer support has mixed reviews

Best for: Stores that need multi-currency support, multilingual checkout, and the widest card network coverage for both Indian and international customers.

5. Cashfree

Cashfree is one of the most cost-effective gateways in India with a standard rate of 1.95%, and new merchants can lock in a promotional 1.6% rate for their first year. What really sets Cashfree apart is its settlement speed: the Instant Settlements feature delivers funds within 15 minutes of payment, an unmatched feature on this list.

Key Features:

• Supports Visa, Mastercard, Maestro, RuPay, 75+ net banking options, UPI, and six mobile wallets
• PayPal integration for international payments
• Instant Settlements (funds within 15 minutes)
• Conversion tracking and comparative monthly analysis dashboard
• Payouts feature for near-instant refund processing
• Cashgram for COD refunds without customer bank details
• Ready-to-use plugins for Shopify, WooCommerce, Magento, and OpenCart

Pricing:

• Domestic transactions (standard): 1.95% flat for cards, net banking, UPI, and wallets
• Promotional rate: 1.6% for new merchants signing up before March 31, 2026 (valid for one year)
• International credit cards: 2.99%
• Setup fee: None
• Annual maintenance: None
• Settlement: T+1 to T+2 standard, instant settlement available

Pros

• Lowest standard domestic rate among major Indian gateways
• Fastest settlement cycles (T+1 standard, 15-minute instant option)
• Promotional 1.6% rate for new merchants saves even more in year one
• Strong refund processing tools (Payouts and Cashgram)

Cons

• Less established brand compared to Razorpay or PayU
• Some advanced integrations require custom development work
• Promotional rate has a Rs 1 crore monthly cap before standard pricing applies

Best for: High-volume stores where even a small fee difference adds up, and stores that need fast access to funds. New merchants can take advantage of the 1.6% promotional rate to save even more in their first year.

6. InstaMojo

Instamojo Payment Gateway is the simplest gateway on this list. You can start accepting payments within minutes of signing up with just an email address, and there’s no complex integration process on the free plan. This makes it appealing for solo entrepreneurs, small stores, and anyone testing a Shopify store idea before committing to a more feature-rich gateway.

Key features

• Instant signup with just an email address
• Supports UPI, mobile wallets, credit/debit cards, and net banking
• Free plan available with no monthly commitment
• Built-in online store builder (on paid plans)
• Android, Windows, and iOS support
• Integrates with Magento, Prestashop, and OpenCart

Pricing

• Free plan: 5% + Rs 3 per transaction
• Starter plan (Rs 6,999/year): 2% + Rs 3 per transaction
• Growth plan (Rs 14,999/year): 2% + Rs 3 per transaction with additional features
• Setup fee: None
• Settlement: T+3 business days

Pros

• Fastest setup of any gateway on this list, just an email to get started
• Free plan requires no upfront commitment
• UPI and mobile wallet support included
• Simple, user-friendly interface

Cons

• Free plan’s 5% + Rs 3 fee is the highest on this list
• No international payments or multi-currency support
• Limited reporting and analytics compared to Razorpay or Cashfree
• Customer support is limited on weekends
• T+3 settlement is on the slower side

7. Atom Paynetz

Atom, now rebranded as NTT DATA Payment Services India, serves over 6 million merchants across India. Its standout advantage is lower debit card rates: just 0.75% for transactions under Rs 2,000, which is the lowest debit card rate on this list. If your store processes many small debit card purchases, Atom can save you money on every transaction.

Key Features:

• 100+ payment options, including Visa, Mastercard, Amex, Diners, JCB, and Discover
• Lowest debit card rates for low-value transactions
• Integrated dashboard for real-time transaction monitoring
• Android, Windows, and iOS integration
• Works with Magento, WooCommerce, Prestashop, and other major platforms

Pricing:

• Credit cards: 2.1%
• Debit cards: 0.75% (transactions under Rs 2,000) / 1% (transactions over Rs 2,000)
• One-time setup fee: Rs 1,955 for API integration
• Annual maintenance: Rs 2,955/year
• Settlement: T+3 business days

Pros

• Lowest debit card rate at 0.75% for small transactions
• Reliable processing backed by NTT DATA (formerly FT Group)
• Good PCI DSS compliance

Cons

• Customer support can be difficult to reach
• No UPI support or mobile wallet integration
• Less intuitive interface
• Limited integration documentation
• Basic webhook support
• Limited mobile checkout optimization

8. PayKun Payment gateway

PayKun is a payment gateway that enables buyers and sellers to conduct safe, secure transactions. There are several satisfied merchants who have joined and remain active today, having grown their businesses with the assistance of PayKun.

Any organization, large or small, individual, trust, NGO, eCommerce, or other entity can easily register on PayKun and use the payment gateway to accept online payments. Customers will have several payment methods available when using the PayKun checkout.

Key features

• Supports UPI, debit/credit cards (Visa, Mastercard, Amex), wallets (PayTM, Freecharge), and net banking
• Activation within one hour after KYC
• Direct Shopify integration with clean checkout
• Customized pricing available for high-volume or micropayment businesses

Pricing

• UPI, debit cards, net banking, and wallets: 1.75% + GST
• Credit cards: 2% + GST
• Setup fee: None
• Annual maintenance: None
• Settlement: T+1 to T+3 depending on business model

Pros

• Competitive pricing
• Easy integration with Shopify
• Among the lowest rates for UPI and debit card transactions
• Fastest KYC activation (within one hour)
• No setup or annual fees
• Clean, straightforward Shopify integration

Cons

• Limited international payment options
• Newer in the market
• Fewer advanced features
• Basic SDK implementation options
• Limited payment insights

Best for: Budget-conscious domestic merchants who want low fees for UPI and debit card payments without needing international support.

9. PayTM Payment gateway

PayTM brings India’s largest consumer wallet base to the table. The gateway supports a wide range of cards, UPI, net banking, and over 72 currencies for international transactions.

Key Features:

• Supports Visa, Mastercard, Maestro, RuPay, Amex, JCB, Diners, UPI, and net banking
• 72+ currencies for international transactions
• “Build for India” program with 0% transaction fees for startups
• Same-day settlement option available
• PayTM wallet integration with a large existing user base (540 million registered users)
• Android, Windows, and iOS SDK support

Pricing

• PayTM wallets, net banking, and credit cards: 1.99%
• Debit cards (Visa/Mastercard): 0.4% for transactions above Rs 2,000, 0.9% below Rs 2,000
• RuPay and UPI: 0%
• International cards: 2.9%
• Setup fee: None
• Annual maintenance: None
• Settlement: T+1 to T+2, same-day settlement available

Pros

• Strong brand recognition
• Widely used PayTM wallet
• UPI support and superior app-based payments
• Special startup program
• Comprehensive transaction analytics
• Fast automated reconciliation

Cons

• Account setup can be lengthy with extensive KYC requirements
• Customer service can be slow
• Integration documentation needs improvement
• Complex webhook implementation

Shopify Payment Gateways in India: A Comprehensive Comparison 

To help you make an informed decision, here’s a detailed comparison of Shopify payment gateways in India highlighting key features:

Payment Gateway	Transaction Fee	UPI Support	Mobile Wallet Integration	2FA/Security	Automated Reconciliation	Settlement Time	PCI DSS Level	BNPL Support
PayPal	4.4% + $0.30 + currency conversion	No	No	Yes/Tokenization	Yes	2-3 business days	Level 1	No
Razorpay	2% +1% for international/EMI	Yes	Yes	Yes/OTP & Tokenization	Yes	T+1	Level 1	Yes
PayU Money	2% + GST, 3% for international	Yes	Yes	Yes/OTP	Yes	T+1 to T+3	Level 1	Yes
CCAvenue	2% domestic, 3% international	No	Partial	Yes/Tokenization	Yes	T+2 to T+3	Level 1	No
Cashfree	1.75% domestic, 3.5% international	Yes	Yes	Yes/OTP & Tokenization	Yes	T+1	Level 1	Yes
InstaMojo	2% + ₹3 per transaction	Yes	Partial	Yes/OTP	Basic	T+1 to T+3	Level 2	No
Atom Paynetz	2.1% credit, 0.75%-1% debit	No	No	Yes/OTP	Basic	T+2	Level 2	No
PayKun	1.75% + taxes	Yes	Partial	Yes/OTP	Basic	T+1 to T+2	Level 2	No
PayTM	1.99% various, 0% for startups	Yes	Yes	Yes/OTP & Tokenization	Yes	T+1 to

How to Choose the Right Gateway for Your Store

Picking a gateway isn’t just about the lowest fee. Here are the five factors that matter most.

1. Transaction Fees and Hidden Costs

The headline transaction rate tells only part of the story. You need to calculate the total cost per transaction by adding the gateway fee and the Shopify third-party fee together.

For example, if you’re on Shopify’s Basic plan (2% Shopify fee) using Razorpay (2% gateway fee), your total cost per transaction is 4%. Switching to Cashfree’s standard rate (1.95%) drops that to 3.95%, and new merchants on the promotional 1.6% rate pay just 3.6%. On Rs 10 lakh in monthly sales, the difference between Razorpay and Cashfree’s promo rate saves roughly Rs 4,000 per month.

Also watch for annual maintenance charges (CCAvenue at Rs 3,600/year, Atom at Rs 2,955/year), setup fees (Atom charges Rs 1,955), and higher rates for international or Amex cards. InstaMojo’s free plan charges 5% + Rs 3, so the 2% + Rs 3 rate only applies to paid annual subscriptions.

Beyond fees, the speed at which you actually receive your money matters just as much, especially for growing stores.

2. Settlement Time and Cash Flow

Settlement time directly affects your cash flow. Here’s how the gateways compare:

• Same day / T+1: Cashfree (Instant Settlements), PayTM
• T+2: Razorpay, PayU Money
• T+3: InstaMojo, Atom Paynetz
• Weekly: CCAvenue
• Daily: PayPal (international only)

If you’re a growing store that reinvests revenue into inventory and ads, faster settlement matters. A weekly settlement cycle means your money sits with intermediaries for days, reducing liquidity. Cashfree’s Instant Settlements feature, which delivers funds within 15 minutes, is particularly valuable for cash-flow-sensitive businesses.

Of course, none of this matters if your gateway doesn’t support the payment methods your customers actually want to use.

3. Payment Methods Your Customers Actually Use

India’s payment landscape is dominated by UPI, which processed 228.3 billion transactions in 2025 with over 500 million unique users. If your gateway doesn’t support UPI, you’re turning away a massive portion of potential buyers.

Beyond UPI, consider these payment methods based on your customer base:

• Credit and debit cards (Visa, Mastercard, RuPay) remain essential for higher-value purchases
• Mobile wallets like PayTM, PhonePe, and Google Pay are popular for smaller transactions
• Cash on Delivery (COD) accounts for a significant share of Indian ecommerce transactions. Shopify India offers a COD app for customized COD experiences, though refund processing for COD orders requires extra steps
• EMI and Pay Later options can increase conversions on higher-priced items like electronics or jewelry. Banks offer EMI on credit cards, while services like LazyPay and PayTM Postpaid provide instant credit for smaller purchases

All gateways on this list, except PayPal and Atom, support UPI. If your store sells internationally, pair a domestic gateway with PayPal.

And if international sales are part of your business, the currency and country coverage of your gateway becomes another critical factor.

4. International Payments and Multi-Currency

If you have customers outside India, you need a gateway that supports international cards and ideally lets customers pay in their home currency. Here’s who offers what:

• PayPal: 200+ countries, strongest international coverage
• CCAvenue: 27 currencies, 18 language checkout pages
• PayTM: 72+ currencies
• Cashfree: 32+ currencies with PayPal integration
• Razorpay: 130+ currencies, requires separate approval (typically reviewed within five working days)
• PayU Money: Supported with higher fees

InstaMojo, PayKun, and Atom don’t support international payments at all.

For most Indian Shopify stores selling internationally, the practical solution is to use Razorpay or Cashfree for domestic payments and add PayPal as a secondary gateway for international buyers.

There’s one more factor that’s easy to overlook until you need it: how your gateway handles refunds and support requests.

5. Refund Processing and Customer Support

Returns are inevitable in ecommerce. The processing time for a refund depends on your gateway. Most gateways take five to seven working days, with some banks taking longer.

Cashfree stands out here with its Payouts feature, which enables near-instant refund processing. For COD orders where you don’t have the customer’s payment details, Cashfree’s Cashgram feature lets you send a link that lets customers enter their bank details and receive refunds quickly.

Customer support quality varies significantly. Razorpay and Cashfree are generally responsive with dedicated account managers for larger merchants. CCAvenue and PayTM support has mixed reviews. InstaMojo support is limited on weekends. Before committing, read recent reviews from other Shopify merchants and test the support response time yourself.

Whichever gateway you choose, there’s one non-negotiable requirement: it must comply with Indian financial regulations.

Regulatory Compliance for Payment Gateways in India

When choosing a payment gateway for your Shopify store, understanding the regulatory landscape is crucial. The Reserve Bank of India (RBI) has implemented specific guidelines that all payment processors must follow:

RBI Payment Aggregator (PA) License

As of 2022, all payment gateways in India must obtain a Payment Aggregator license from the RBI. This ensures the payment processor meets strict financial and operational requirements. All gateways covered in this guide maintain proper PA licensing, though their specific compliance implementations may vary.

KYC Requirements

Know Your Customer (KYC) verification is mandatory for all merchants using payment gateways in India. The process typically requires:

• Business registration documents
• PAN card details
• Bank account information
• Address verification
• Director/proprietor identification

PCI DSS Compliance Levels

The Payment Card Industry Data Security Standard (PCI DSS) establishes security requirements for organizations handling card information. Gateways like PayPal, Razorpay, and Cashfree maintain Level 1 PCI DSS compliance—the highest security level—while others may have Level 2 or 3 certification.

Still have questions? Here are the ones Indian Shopify merchants ask most often.

>>See more:

• Shopify India Pricing 2026: All Costs and Fees Explained
• How to Start with Shopify Dropshipping In India
• Most Successful Shopify Stores in India: Discover The Gems

Shopify Payment Gateways India: FAQs

Conclusion

It might be tough to select a Payment Gateway for your eCommerce store if you are running a startup, small business, or brand. Therefore, I hope this article will help you find the top best payment gateways in India and start growing your business.