An Online payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses and online retailers. It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment gateway protects credit cards details encrypting sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant and also between merchant and payment processor.

The Major Indian companies are:

So, here’s a comparison of the major Indian online payment gateways.  The list includes a comparison of CCAvenue, DirecPay (operated by TimesMoney group), EBS (collaboration with Axis bank), ABC Payments(operated by IndiaMart), HDFC, ICICI Payseal and Transecute.

If you are new in this industry and doing small business try PayPal. Also check our Nano Shoppe which is powered with PayPal (See it in Action)

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