We have been in e-commerce industry since 2011 and it’s really hard to accept payment online with a payment gateway. We are web host and using PayPal to receive payments from overseas countries but as you may aware that you cannot send or receive payments if merchant and buyer both are from India.
I tried to CCavenue because there are hundreds of positive reviews on web but after trying applying for this gateway I can’t even explain how irritating it is to get it activated and receive payments with Indian debit, credit cards and internet banking.
I have asked my friends to recommend me a free payment which doesn’t have any setup fee with lowest transaction fee but unfortunately they were unable to give me one single suggestion.
How I met Payumoney ?
One day I was searching making payments for my movie ticket at BookMyShow and noticed that they were using Payumoeny to collect money and this payment gateway giving additional discount for their buyers which was really new for me.
Then within a month I noticed many merchants were using PayuMoney and it to find out why it’s being used by most popular brands?
Here is the list of benefits they are offering which attracts me to leave CCavenue and apply for Payumoney for free of cost….
No Setup fee: Almost all payment gateways charge Rs15000-Rs30000 setup fee but when I visited their website, I was surprised because Payumoney has no setup fee charges at all without any hidden terms.
Reasonable transaction charges: Even if you pay setup fee you will be charged 1% to 2.8% transaction charges for all gateways out there but at PayU they offer 2% TDR and no additional charges.
Buyer protection: This option is available in PayPal, Authorised.net but now buyers can open dispute if they paid using Payumoney because here buyer and seller both get protection for secure long term business.
Integration: Well previously they haven’t integration with WHMCS but now it has various CMS module and advance API integration for developers. Now you can download PayUMoney integration kit for Magento, Prestashop, Woocommerce, Opencart, OScommerce, OScommerce, Ubercart, E-Commerce, Interspire, WHMCS, Joomla-VirtueMart.