A payment gateway moves money from customer to you: UPI apps, cards, netbanking in; settlements to your current account out, minus TDR. Razorpay, Cashfree and PhonePe dominate Indian SME checkouts.
Key facts
- Authorise → capture → settle → refund: the four money states.
- UPI, cards, netbanking, wallets, EMI, eNACH mandates.
- T+1/T+2 settlements; refunds cost attention, not just money.
- KYC needs live site with refund/shipping/privacy pages.
Setup
Integration from ₹12,000 — full guide: setup guide.
FAQs
Gateway vs aggregator?
Gateways route payments; aggregators bundle many options — terms overlap in India.
Do we need GST?
Current account + GSTIN smooth approval and invoicing.
What is TDR?
The per-transaction cut — varies by method, negotiated on volume.