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Payment gateway options for Indian companies


What are the payment options available for companies incorporated in India? 

Which payment gateways are supported by Chargebee? Or which payment gateways can I use to manage subscriptions as a startup in India? 


Best Answer
Note: Chargebee is NOT a payment gateway and we are not integrated with any Indian payment gateways. Because of that, we cannot support any companies incorporated in India at this time.

Indian Companies Incorporated in India

There are very few recurring billing payment options for startups incorporated in India. 

None of the Indian gateways support recurring billing due to RBI regulation for domestic transactions. 

If you are a SAAS startup focusing on a global market there are few payment options available. To charge international customers, here are a few options to consider.

2. SaaSy
3. PayPal Standard 

These payment gateways can be used to sell to international customers with a recurring billing option. They come with their own built-in subscription management solution and you can use them directly without the need for a separate recurring billing solution. Chargebee does not support these payment gateways at the moment.

Please go through these solutions to see if they would fit your needs. 

Companies like 2Checkout restrict their services to specific categories and have a long list of categories for whom they do not provide account. Here is the prohibited product list from 2checkout.

If you do plan on using Indian payment gateways (which do not have a recurring billing option) such as EBS, CC Avenue etc, you could probably model your subscriptions with a quarterly, half-yearly or annual plans. This is just to alleviate the need for customers to enter their card details every month.

Here is a brief comparison of payment gateway options in India, compiled by NextBigWhat.

Indian Companies Incorporated in the United States

If you have an incorporation in the US, then you will be able to apply for a US payment gateway account. You will however need a US bank account and SSN number. We support most of the popular payment gateways in the US. Here is a list of payment gateways supported by Chargebee

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Answer
Note: Chargebee is NOT a payment gateway and we are not integrated with any Indian payment gateways. Because of that, we cannot support any companies incorporated in India at this time.

Indian Companies Incorporated in India

There are very few recurring billing payment options for startups incorporated in India. 

None of the Indian gateways support recurring billing due to RBI regulation for domestic transactions. 

If you are a SAAS startup focusing on a global market there are few payment options available. To charge international customers, here are a few options to consider.

2. SaaSy
3. PayPal Standard 

These payment gateways can be used to sell to international customers with a recurring billing option. They come with their own built-in subscription management solution and you can use them directly without the need for a separate recurring billing solution. Chargebee does not support these payment gateways at the moment.

Please go through these solutions to see if they would fit your needs. 

Companies like 2Checkout restrict their services to specific categories and have a long list of categories for whom they do not provide account. Here is the prohibited product list from 2checkout.

If you do plan on using Indian payment gateways (which do not have a recurring billing option) such as EBS, CC Avenue etc, you could probably model your subscriptions with a quarterly, half-yearly or annual plans. This is just to alleviate the need for customers to enter their card details every month.

Here is a brief comparison of payment gateway options in India, compiled by NextBigWhat.

Indian Companies Incorporated in the United States

If you have an incorporation in the US, then you will be able to apply for a US payment gateway account. You will however need a US bank account and SSN number. We support most of the popular payment gateways in the US. Here is a list of payment gateways supported by Chargebee

bt does 2checkout and saasy support metered billing?

Since we last checked, 2Checkout does not support metered billing and we're not quite sure about SaaSy's system design.

Google India Private Limited does automated recurring private billing by charging your credit card for Google adwords. If RBI regulation prohibits it, then how do they circumvent it?

As we know, Google is using their payment system incorporated outside India on behalf of Google India for adwords.

The point I am making is that it is very much possible for an Indian company to charge in INR a stored credit card no. of another Indian company recursively (and that too after bypassing the two factor authentication)

The question is how?

Hello Himanshu,

We do not know how an Indian entity can charge recurring transactions of Indian customers using credit card within the current set of RBI regulations. We are not aware of anyone who is bypassing 2 factor authentication successfully and would love to learn how it is done. Honest answer is we do not know. We know that companies are incorporating outside of India to workaround this. Would love to learn if you hear from anyone. Thanks.

 

Thanks Krish.


Would definitely keep the community posted if I discover more information.

2CO charges 5.5% + 45 cents every transaction but it does support recurring billing minus some bells and whistles like metered billing, plan upgrade/ downgrade on the fly etc.

In my interaction with Paypal India, they indicate they can easily accept international currency payments for one-time as well as recurring billing from credit cards as well as bank transfers but can not receive payments from India for digital goods/software & services. The payment received would be auto-transferred into your Indian company bank account complying with RBI regulations....this can address the international payments and we would need to provide a different option for Indian payments say with EBS...Paypal rates are 4.4%+$0.3 per transaction with no initial setup fee...I am trying to understand what are the challenges with the above approach for our start-up which is in stealth mode.  Incorporating in US allows easier international e-payments & obviously customer comfort but then you may need to factor in ongoing legal costs and not just legal cost for incorporating. Our model would be an online platform for purchasing digital goods targeting primarily SME enterprises. Would appreciate comments from the community on the approach...thanks in advance! 

would like to know the procedures/formalities for India incorporated company to International payment gateway for online subscription business

You just need PAN#, Company Bank Account in India, Company Email ID and a Purpose Code (cross border shipment of goods & services) and with that you should be able to set up an international payment gateway with Paypal India or other similar providers...others can chime in with additional details if any....

Cart Pay Inc: is an India company which deals payment  gateway services for International and domestic business..

 

I am using Cart Pay Merchant services for the last 8 months and overall its fine. However when we process the payments it sometimes get decline. But I have another merchant account from 4Square Pay, there the payment gets through. Otherwise no complaints about CartPay as we get payments regularly on every Wednesday


CartpayInc Review is also good is the market

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