Instamojo vs Razorpay vs Payumoney

Which is Best Payment gateway?

8 Mins read | Updated on March 5, 2022.

There are many online payment gateways in the market today. Choosing one over another is a tough decision because they each have different functionalities, features, and advantages. In this article, I will talk about the most popular methods to accept payments from your clients.

We know the importance of having a payment gateway for online businesses. But which one should you choose?

The answer is simple – I am gonna give you a full review on the 3 most popular payment gateways. You can easily find out what works best for your business by reading this article.


Instamojo is a top payment gateway in India, and it can easily be integrated into your websites using their API and SDKs. It supports more than 200 currencies, has built-in support for local bank transfers, supports multi-step credit cards processing, and is PCI-compliant.

It allows users to pay using multiple payment methods like net banking, e-wallets, MasterCard, Credit Card, Debit Card, and more.


Razorpay is a full-featured payment solution that lets companies accept, process, and distribute payments. The platform allows your firm to accept payments through a variety of methods, including credit cards, debit cards, Netbanking, UPI, and popular wallets.

The best part about it is that you get the lowest rates for any transaction with them, and you don’t have to worry about fraud as it’s all handled by them. The integration process is very simple and the customer support team is excellent


Payumoney is another payment gateway service. This allows online merchants to safely process and accept payments using a variety of payment methods that may be linked with web and mobile apps, including credit cards, debit cards, net banking, and many more. They also have a great customer support team.

Pros and Cons of Instamojo


  • Anyone can implement and set up for accepting payments for their business

  • Lots of different language support

  • Multiple payment methods can be accepted

  • The reseller program is very good

  • Refund payments are settled in a smooth way


  • Live chat support is not available

  • There is no possibility to download a payment receipt from the Seller's dashboard

Pros and Cons of Razorpay


  • Super easy to set up

  • In the case of credit sales, payment reminders are sent to ensure quick collection

  • Zero annual maintenance cost

  • Multiple payment methods can be accepted


  • Coupon code feature not available on payment pages to give exclusive discounts to selected customers

  • Customer service is not as good as Instamojo

Pros and Cons of Payumoney


  • Accept all sorts of Card payments and bank accounts

  • Payment acceptance speed is very fast

  • They provide discount coupons


  • Transaction Fees for Credit Cards are a little expensive

  • Sometimes it’s difficult to refund money to the customer


Instamojo is one of the most popular payment gateways for e-commerce stores in India. The Instamojo payment gateway uses a range of technologies including Payment methods for the credit cards used.

Payments via Instamojo are fast, secure, and convenient.

It utilizes 128-bit encryption and a PCT-DSS-compliant payment gateway environment, as well as compliance with RBI laws.

Instamojo supports 100+ payment modes. Allow your customers to pay with a variety of methods, including credit cards, UPI, Wallets, Bank Transfers, and more.

Razorpay accepts over 100 different payment methods, including Mastercard, Rupay, Visa, AMEX, Diners, etc., as well as Net Banking from over 50 different banks, UPIs, Online Wallets, and EMIs.

PayU accepts a variety of payment methods, including Visa, AMEX, MasterCard, Rupay, Diners, and International Cards, as well as Net banking from leading banks including HDFC, SBI, and AXIS. Paytm, JioMoney, Mobikwik, Airtel Money, and PayZapp are among the e-wallets that are supported.

Instamojo is simple to implement on any website, regardless of the technology stack. It includes SDKs and Simple Payment APIs for all major platforms, as well as extensive documentation.

Razorpay has a straightforward setup and deployment method. Razorpay Checkout may be integrated into a website or a mobile app by adding a single line of code or a custom button.

PayU’s detailed documentation, references, development tools, and plugins make it simple to integrate into most online e-commerce platforms and websites.



Instamojo’s price structure appears to be open and honest. There is no set-up cost and no minimum commitment, regardless of the fact that it is free.

Instamojo costs 2% + Rs 3 + GST for regular billing and accepts payments through a variety of online payment options.

If you use Instamojo to sell digital items and files, you’ll be charged 5% + Rs 3+ GST, which covers file hosting and downloads as well.

FeatureLite PlanStarter PlanGrowth PlanPrice on request
PriceRs 0/yearRs 3,999/yearRs 9,999/year

Rs 1,999 /month
Shipping IntegrationYesYesYesYes
Order ManagementYesYesYesYes
Google Shopping IntegrationsYesYesYesYes
Premium themes-30+30+30+
Cash on deliveryYesYesYesYes
Images per product-31010
Banner Images-31010
Discount CouponsNoNoYesYes
Whatsapp IntegrationNoNoYesYes
Custom domain linkingNoYesYesYes


Razorpay has a simplified and competitive price structure, which it maintains by offering only two options from which you need to pick.

The first option is for new businesses, and it charges 2.5 percent for each successful transaction. When processing foreign credit cards, the plan has no setup or yearly fees, and it simply costs you an extra 1% per transaction. Service tax is not included in the price.

The second option is for companies, and it costs a 2% fee for each transaction made on your website. The plan has a setup fee of 5000 rupees and an annual fee of additional 5000 rupees.

Every transaction involving an international credit card is subject to an additional 1% fee, plus service tax.


For all transaction options, PayUmoney has a basic and simple price structure. Payumoney charges 2% of every successful transaction with GST and accepts payments via a number of online payment methods.

PayUmoney does not charge a registration fee or an annual maintenance fee. You are eligible for customized transaction rates if your organization processes more than 10 lakhs INR in payments per month. For additional information, contact a PayUmoney representative.


Check other people’s experiences with Instamojo, Razorpay, and Payumoney

Here are some screenshots of
Instamojo reviews from the people who recently bought.

Instamojo Reviews

Razorpay Reviews

Here are some screenshots of Razorpay reviews from the people who recently bought.

Payumoney Reviews

Below are some screenshots of Payumoney reviews from the people who recently bought.

Use cases that are good for


Instamojo has served over 2 million merchants globally and has an excellent reputation in the market. it’s easy to use and secure. If you’re an innovative individual or a small company owner, you’ve probably come across Instamojo when searching for “free online payments.”


Razorpay is India’s first convergent payments solution provider, allowing your firm to accept, process, and distribute payments through its range of products. All payment methods, including credit and debit cards, UPI, and major mobile wallets, are available through Razorpay.


PayUmoney does not need a significant amount of coding knowledge. As a result, even if you don’t have much technical experience, it’s simple to connect.

UI & UX Comparison

Good UI


Very Fast


Clean UI


Resources comparison between Instamojo vs Razorpay vs Payumoney

  • Instamojo’s online knowledge base is a collection of user guides, articles, FAQs, videos, and other resources to help you learn more about Instamojo and get the most out of it.

  • Razorpay is also have the knowledge base to guide their users, they have their own blog, events, customer stories, and chargeback guide.

  • You can explore the Payumoney features and functionalities and their respective usage. This is the website where you can find all the Payumoney related information.


Without a doubt, Instamojo and Razorpay are both great payment gateway options.
It is recommended to use Payumoney. It is good for small businesses. But the payment options are not the only thing that matters when choosing a payment gateway. Another very important factor is customer support, which is another of the major features that you should look for when choosing a payment gateway.