Here’s a concise, up-to-date comparison of common payment gateways in India (rates and terms shown on vendor sites as of public pages in 2025). Fees below are representative — many providers offer volume/industry discounts and custom plans, and some features (settlement speed, instant-settlement fees, chargeback rules) vary by merchant risk/profile.

Key notes up front

• UPI acceptance is currently free to merchants (no MDR) under government policy, though proposals to introduce a small MDR for very large merchants have been discussed. Check NPCI / Finance Ministry / your provider for any changes before signing. (paytm.com)

Quick comparison (representative pricing)

• Razorpay

  • Domestic cards / UPI / netbanking: ~2% (platform fee). Amex / Diners / International cards / EMIs: ~3%. No setup / no AMC on standard plans. Instant-settlement options available for a small additional %; settlement cycles otherwise T+1/T+2 depending on plan. (razorpay.com)

• Stripe (India)

  • Domestic cards (Visa/Mastercard issued in India): 2% per transaction. International cards: 3% (extra currency-conversion fees may apply). No setup/monthly fees for standard plan; Stripe supports many international payment flows. (stripe.com)

• Cashfree

  • Typical gateway fees start ~1.95–2.5% for domestic instruments (vendor pages show plans from ~1.95%). International cards ~2.95–2.99%. No setup but Cashfree lists an annual maintenance charge option for some add-ons (their page also documents an AMC ₹4,999 example). Standard settlement is usually T+1/T+2; extensive instant-settlement/priority options are available for an extra fee. (cashfree.com)

• PayU

  • Public pages show a common “platform fee” around 2% for many domestic instruments, with certain instruments/priority services listed at higher %. PayU also advertises priority/instant settlement options at an added platform fee; enterprise/volume pricing available on request. (PayU’s pricing pages are dynamic / plan-dependent.) (payu.in)

• Paytm (Paytm All‑in‑One / Paytm Payments)

  • UPI / RuPay: generally offered at zero or very low merchant charges in standard plans. Other instruments: Paytm lists plans where platform fee ~1.99% for a “standard” plan and higher for certain instruments (Diners/Amex/international may be excluded). Paytm advertises no setup and no AMC for many merchants; see their pricing page for current plan details. (business.paytm.com)

• Instamojo

  • Simple seller-focused pricing: domestic payments typically ~2% + ₹3/txn; corporate/premium cards and international payments listed at higher percentages or “contact us.” No setup for standard accounts; built for micro-sellers, digital products and payment links. (instamojo.com)

• CCAvenue

  • Legacy gateway with several plan tiers. Platform fee shown commonly ~2% on advertised plans; international/multi-currency and AMEX fees can be significantly higher (examples on site show up to ~4.99% for some international flows). Setup / annual maintenance fees may apply depending on plan. (ccavenue.com)

Other important operational fees & rules (typical)

• GST: gateways charge GST (usually on the platform fee) — factor 18% GST where applicable. (razorpay.com)
• Refunds / chargebacks: dispute and arbitration/network fees vary; gateways often pass-through card‑network arbitration fees or temporarily withhold disputed amounts. Read each provider’s chargeback/dispute page. (razorpay.com)
• Settlement speed: standard cycles are commonly T+1 or T+2; many providers sell faster/instant settlements for an extra fee. Compare standard vs instant settlement costs. (docs.cashfree.com)
• Negotiation: enterprise customers and high-volume merchants can get reduced TDRs/flat pricing; advertised rates are often the starting retail tiers. (razorpay.com)

How to pick (brief)

• If your volumes are UPI-heavy (domestic users), prioritize gateways with true zero/very low UPI cost and good success rates (Razorpay, Paytm, Cashfree, PayU, Instamojo). Confirm whether the provider charges any “platform fee” on top of instrument fees. (razorpay.com)
• If you sell internationally or accept foreign cards, compare Stripe, Razorpay and Cashfree international rates and currency-conversion fees. (stripe.com)
• If cashflow is critical, compare instant-settlement options and their % fees (Cashfree, Razorpay, etc., offer instant settlement features). (docs.cashfree.com)
• For very small sellers or one-off payment links, Instamojo is simple and predictable. (instamojo.com)

If you want, I can:

• Produce a one-page side‑by‑side table customized to your expected monthly volume and payment mix (UPI %, domestic card %, international %) and show estimated monthly cost for each provider, or
• Pull exact, live pricing pages for 2–3 specific providers you care about (so you can review the source pages / print terms).

Which would you like me to do next?