InstaMojo Payment Gateway India
With the Instamojo Payment Gateway, new merchants can effortlessly accept online payments with or without a website by establishing a merchant account in an instant. The fees charged by Instamojo are entirely reasonable. For Indian enterprises, Instamojo is an online-only payment platform. Since 2012, Bangalore-based platform has served 800,000 Indian businesses. It began providing payment links but now offers a comprehensive payments intermediary, financing, advertising, accounting, and tax assistance.
Annual Maintenance Charge | ZERO |
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Transaction Fee per Transaction | Flat fee @ 2% + ₹3 per transaction |
International Payment/Credit Card Support | Not supported |
Withdrawal Fees | Zero |
Settlement Days | 3 days in your connected Bank account |
Customer Support | It is clearly stated on their IVR system that they are closed on weekends. |
No of Days to Start a Transaction | You can begin receiving payments immediately following an easy email registration. |
Supported eCommerce CMS System | All major ones such as Magento, Prestashop, Opencart etc. |
InstaMojo Payment Gateway Integrations |
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Instamojo Payment Gateway Documentation | Typical documentation requirements include a copy of the applicant’s PAN card, bank account information, business registration documents (e.g., a Partnership Deed or GST registration certificate), a voided bank account cheque, and proof of identity and address (e.g., an Aadhaar card, passport, or driver’s licence). |
Top 10 Best Payment Gateways in India 2024
A Payment Gateway serves as a web-based e-commerce service that grants authorization for credit or debit card payments on behalf of bricks and clicks, traditional brick-and-mortar establishments, online businesses, and online retailers. It enables communication between the Front End Processor or acquiring financial institution and a payment gateway (such as a website, smartphone, or voice response service). The payment transaction between the merchant (seller) and the consumer (buyer) is automated by the Payment Gateway service. A third-party service typically operates as a computerized system that accepts or declines credit card transactions (as well as verifies them) on the merchant’s behalf via secure Internet connections. The payment gateway structure facilitates the acceptance of credit, debit, and other electronic payment methods by the merchant (seller).
Table of Content
- Best Online Payment Gateways in India 2024
- 1. Cashfree Payment Gateway
- 2. PayU Payment Gateway Service
- 3. OPEN Payment Gateway
- 4. Razorpay Payment Gateway & Payment Solutions
- 5. InstaMojo Payment Gateway India
- 6. PayPal Payment Gateway Service
- 7. CCAvenue Payment Gateway
- 8. PayUbiz Payment Gateway Service
- 9. Mobikwik Payment Gateway
- 10. Easebuzz
- Conclusion