Cashfree Payments alternatives in India

The rate depends on the payment method, with corporate cards, Amex, cardless EMI, international cards and multi-currency charged noticeably more than domestic cards and UPI, and the vendor says rates can differ by merchant category. The trap is the fixed extras: a yearly software upgradation charge billed in advance every April from the second financial year, a surcharge on top of every Shopify payment, and per mandate fees for recurring card payments.

There is no setup or annual fee, and new merchants activated from July 2026 get a 90 day fee waiver on a capped first slice of domestic volume, which excludes corporate, Amex, Diners, prepaid cards and EMI. Subscriptions and Route are charged on top of the gateway fee, and their lower rates are marked as limited time offers.

The category based rates you may see on business.paytm.com belong to the in-store card machine product, not the online gateway, and that page still says UPI is free, which contradicts the online pricing page. Paytm's pricing terms let it change rates without notice and say the final rate is the one communicated after signup, so check your agreement before going live.

PayU charges 2% per transaction for domestic cards, net banking, wallets and BNPL, and 3% for EMI, Amex, Diners and international, plus 18% GST (2.36% and 3.54% all-in). UPI and high-volume rates are quoted case by case.

The regular Standard Plan rate is shown struck through next to a limited period zero fee offer whose end date and terms are not published, and the vendor says GST at 18 percent is added to the fee. Rates can differ by payment method but no per method table is shown, so get your method by method rates in writing before going live.

Billing, Invoicing and Connect charge their own percentage on top of card fees, and disputes carry fixed fees per case. The terms say Stripe issues a tax invoice for its fees, so supply your GSTIN; the trap is foreign cards, where the higher international rate and a separate conversion charge stack.