Top 6 Payment Gateway APIs That Every Developer Must Know in 2024

Posted On May 13, 2024May 22, 2024

Top 6 Payment Gateway APIs:

1. Paytm

Paytm Payment Gateway: Immediate login, effortless integration, and amazing checkout. Through no charges on UPI transactions, it has become the preferred choice of businesses and enterprises in India. Moreover, the International Payment Gateway offered by us supports online payments in more than two hundred currencies.

Key Features:

• Domestic Credit Cards supported
• Integration kits are available

Know more about ecommerce payment verification API

2. Stripe

Launched in 2010, Stripe is a highly popular payment gateway among developers and is considered industry standard. It is evident that the developers were the primary focus of its design when you explore the site and notice the Developer First section, which is really amazing. Developers can access ways to handle subscription management, payment acceptance, account tracking, and invoice generation with the Stripe payment API. With the greatest user experience in the market, Stripe is a payment gateway.

 Key Features:

• Vivid and detailed documentation
• Integrated with an excellent toolset and marketplace for developers.
• Suitable for international transactions.
• Perfect for larger companies that will be able to accommodate their needs internally by employing developers or hiring web development companies.
• With Stripes, you can easily add trial periods to your plan.

3. PayPal

PayPal is, in fact, one of the most popular internet payment services and it is popular in all countries. For the last two decades now, PayPal has presented its services in more than 200 markets globally. India is a new market for Paypal so onboarding in India is painful.

 Key Features:

• Paypal merchants and consumers can use more than 100 currencies to complete transactions. No withdrawal fees, no startup fees, no termination fees, and no monthly fees.
• ios and android supported
• Different schemes are there which are designed as per the requirements.
• You don’t have to store the credit card or bank account details in your data center.

4. Razorpay

Razorpay is the only gateway of payment in India through which any business entity can receive, process, and disburse payments through its product suite. It will allow you to use any kind of card, credit, debit, net banking, UPI, and the famous wallets. Razorpay shows a perfect UI and the onboarding procedure is simple as well.

 Key Features:

• Documentation is top-notch
• Supported eCommerce CMS System
• Mobile App Integration

5. PayU:

PayU (formerly PayU Money), is the product created by the leading Indian payment processing company. PayU is one of the simplest and best online payment solutions, developed to fill up the gap that complex providers left unexplored. They have a simple registration and fast onboarding procedure but it just consumes a little time for development. The user interface is okay, though. The product provides a single integrated payment process that lets customers start having their money delivered throughout the locations where it operates.

Key Features:

• International Payment / Credit
• 100+ Payment Options
• Documentation is easy
• Supported eCommerce CMS SystemsMobile app integration

6. Instamojo

Instamojo is a payment gateway. They have a pretty good onboarding process. You can enter your tax information, and bank details and that’s pretty much enough to set up your account within an hour. Instamojo works with saving accounts, you don’t need to have a checking account.

Key Features:

• Documentation is pretty good for Instamojo.
• Multiple Payment Options are available.
• Supported eCommerce CMS.