Best Payment Gateway India-India Payment Gateway for SaaS Platforms
If you’re looking for a payment gateway in India specifically for SaaS platforms, here are the best options based on features like recurring billing, multi-currency support, compliance, and developer-friendly APIs:
Top Payment Gateways for SaaS in India
1. Razorpay
- Best for: Startups & mid-sized SaaS businesses
- Features:
✅ Recurring/subscription payments (via Razorpay Subscriptions)
✅ International payments (100+ currencies)
✅ Supports UPI, Cards, Net Banking, Wallets
✅ Easy integration with APIs & webhooks
❌ No direct international payouts
2. Stripe (India) (via Stripe Atlas or partnered route)
- Best for: Global SaaS companies targeting Indian customers
- Features:
✅ Strong recurring billing system
✅ Supports INR + global currencies
✅ PCI-DSS compliant with fraud detection
❌ Not natively available in India (requires workarounds)
3. PayU (Pro Subscription Plan)
- Best for: Enterprise SaaS with high transaction volumes
- Features:
✅ Subscription billing via PayU Money
✅ Multi-currency support
✅ Fraud detection & analytics
❌ Complex onboarding process
[Website](https://payu.in/)
4. Cashfree Payments
- Best for: Automated subscription management
- Features:
✔️ Recurring payments via "Subscription Collections"
✔️ Supports UPI AutoPay & eMandates
✔️ Bulk refunds & reconciliation tools
❌ Limited global payment options
[Website](https://www.cashfree.com/)
5. Instamojo (Now Dukaan Payments)
- Good For Small SaaS Businesses With Basic Needs
🔹 Simple recurring plans
🔹 Low setup cost
🔸 Limited scalability
Key Considerations When Choosing:
✔️ Recurring Billing: Does it support automated subscriptions?
✔️ Multi-Currency Support: Needed if serving global customers.
✔️ Compliance: RBI-compliant auto-debit mandates (eMandate/NACH) are crucial.
Recommended Choice:
Would you like help comparing pricing or integration details?
Deep Dive: Choosing the Best Payment Gateway for SaaS in India
If you’re running a SaaS business in India, selecting the right payment gateway is crucial for handling subscriptions, recurring billing, and global payments efficiently. Below is an expanded comparison with key insights:
1. Razorpay (Best for Indian & Global SaaS)
✅ Pros:
- Native support for subscription billing (Razorpay Subscriptions) with automated retries.
- Supports UPI AutoPay & eMandates (RBI-compliant recurring payments).
- Accepts international cards (100+ currencies via Route).
- Developer-friendly APIs & webhooks.
❌ Cons:
- No direct international payouts (requires third-party forex partners).
💡 Best For: Startups and mid-sized SaaS companies targeting both Indian and global customers.
2. Stripe (Via Atlas or Partnered Solutions)
✅ Pros:
- Best-in-class subscription management (Stripe Billing).
- Supports INR + 135+ currencies globally.
- Advanced fraud detection (Radar) & dunning management.
❌ Cons:
Chinese