Top 8 Business Payment Options Every Small Business Needs To Know About

Top 8 Business Payment Options Every Small Business Needs To Know About
Top 8 Business Payment Options Every Small Business Needs To Know About

These days businesses have multiple options for receiving and making payments. Several payment providers offer stable and seamless services for big and smaller establishments.

But, as is the case with multiple options, when hundreds of big and small players in the market all promise to offer the best-in-class service, it often becomes confusing to choose a service provider due to varying degrees of services, add-ons, and discount offers.  

In this article, we will look at eight payment options that offer the best user experiences that could help your business scale and grow faster!

PayU Money

PayU Money offers a paperless digital onboarding process and instant activation along with complete ownership of acquiring and handling PCI-DSS compliance requirements. It means the merchant does not have to go through the process and focus on their business. The platform offers the ability to accept payments via Bharat QR codes, SMS, WhatsApp, and Facebook via payment links making it easier for businesses to collect payments from customers. The platform supports all international credit cards and can accept recurring payments. It also offers a great user interface and merchant dashboard that’s pretty intuitive.


PayPal is one of the most popular options for accepting digital payments and currencies across the globe. One of the reasons for its popularity is the easy onboarding process that is paperless and requires no investment. It can accept international and domestic credit cards along with the option to activate recurring payment collections from customers. Moreover, the platform offers an easy invoicing process directly from the dashboard, and settlements are done immediately on the PayPal account.  


It is the largest payment gateway system in South Asia and has support for CMS platforms such as WordPress, Magento, Opencart, Drupal, etc. that makes it suited for a variety of businesses using specific CMS options. It offers a free fraud and risk identification system, thereby eliminating the need for a PCI-DSS certificate. It is a great option for Indian businesses with the checkout page offering support in eighteen Indian languages. Moreover, it offers additional features such as a card vault for returning customers so they don’t have to enter their information every time they check in to the site. Smart dynamic routing makes transactions faster and error-free by utilizing the best-performing bank network.


SBI is undoubtedly one of the most iconic and trusted brands in the country; therefore, you can expect the best services from them. The platform offers PCI-DSS compliance with the lowest Merchant Discount Rate in India. Moreover, the onboarding process is paperless, and the platform also offers support for 3D security that makes the transactions safer. 


Signing up on Instamojo requires having a PAN card and a bank account with zero setup and maintenance costs. The platform is PCI-DSS compliant and can accept many digital payment options that include, credit/debit cards, net banking, UPI, IMPS, digital wallets, etc. Moreover, the platform also offers the option to integrate SDKs across both Android and iOS platforms. If your business uses a CMS, Instamojo provides support for all major CMS options such as WordPress, Open cart, Magento, and PHP, among others.

Paytm Payment Gateway

Paytm has emerged as a strong player in the payment gateway industry during the last few years, and facilitates the creation of business accounts using their existing Paytm digital wallet ID. The process of onboarding is paperless, and once onboard, merchants can expect complete compliance with PCI-DSS requirements along with support for all kinds of digital payment options. Moreover, a business can create and deploy its personalized QR codes via the Paytm Payment Gateway. It is pocket friendly, with zero setup fees and annual maintenance contract charges, making it a very cost-effective platform for businesses.


Like the other platforms on this list, Razorpay also comes with paperless digital onboarding with PCI-DSS compliance. The platform is developer-friendly allowing them to easily integrate custom APIs on all major CMS software. If a business requires, it can also link PayPal to accept international payments. If you are a freelancer, Razorpay offers a handy and free WordPress payment gateway plugin.


MobiKwik can integrate with any website and comes with a responsive design that can suit a variety of screen sizes and operating systems. It offers support for all major CMS options such as WordPress, PHP, Opencart, Magento,, Java, woo Commerce, etc., and comes with a digital onboarding process. The platform can accept all international credit cards, and supports UPI, digital wallets, EMI options, etc.

If your business is still to integrate a payment gateway system, then these eight options can prove to be the best due to the level of services they offer. 

We hope that this article gives you clarity about choosing your ideal payment gateway, and you can focus on scaling and growing your business.


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