Detailed analysis of CCAvenue, India's payment gateway www.deekpay.com

Overview of CCAvenue, India's Payment Gateway

CCAvenuePayment GatewayIt is one of the leading payment solutions and e-commerce technology solutions provider in India. It provides digital payments for all platforms internationally including government, domestic, merchants, companies, corporates etc. and is one of the most secure and reliable payment solutions. CCAvenue ConnectIndia More than 240 payment facilities from over 55 banks. CCAvenue accepts UPI payments, internet banking, digital wallets and all types of credit/debit cards for payments.

Founded in 2001 and fully authorised by Indian financial institutions, CCAvenue is a leading payment gateway service provider with over 85% in use by e-commerce merchants.

One of the main advantages of Ccavenue is its versatility. The platform supports a wide range of payment methods, including credit and debit cards, online banking and mobile wallets. This means that businesses can cater for a wide range of customer needs and increase sales potential. In addition, Ccavenue offers customisable features such as multi-currency support, recurring payments and digital invoicing to meet the specific needs of each business.

Another advantage of Ccavenue is its advanced security features. Designed with best-in-class security protocols, including SSL encryption and two-factor authentication, the platform protects transactions and customer data from fraud and cyber threats. In addition, Ccavenue is PCI DSS certified, which means it meets the stringent security standards set by major credit card companies.

However, one potential drawback of Ccavenue is that its transaction fees may be higher than other payment gateway solutions. Ccavenue should also improve its customer service to provide better technical or customer management assistance.

CCAvenue Payment Gateway Pricing and Fees

CCAvenue offers two different plans to businesses - Startup Pro and Privilege. Startup Pro is suitable for startups, while the Privilege plan is more suitable for those who have a high volume of transactions and are looking to reduce their transaction fees. Let's take a look at the cost breakdown of both the plans:

The installation fee for the Privilege programme is Rs 30,000, while the Startup Pro programme is free.

For the pricing of different types of payments, under the Privilege programme, CCAvenue executives will negotiate with the business to develop a plan that best suits their business. For Startup Pro, the fees can be broken down as follows:

Payment MethodsStartup Pro ProgrammeAll MasterCard, Visa and Rupay Credit Cards (Domestic) 2.00%*12+ Credit Cards EMI optionsSBI / ICICI / HDFC / Axis / Kotak / IndusInd / HSBC / Central Bank of India / Standard Chartered Bank / Corporation Bank / Ratnakar bank / YES Bank2.00%*100+ Debit Cards (domestic) MasterCard / Visa / Maestro / RuPay2.00%*55+ Internet Banking2.00%*10+ Prepaid Cards / WalletsPaytm / MobiKwik / JioMoney / PayZapp / Freecharge / The Mobile Wallet ITZCash / ICash / Oxicash / PayCash2.00%*UPI payments2.00%*MasterCard & Visa Credit/Debit Cards (International) 3.00%*American Express / Amex EMI,JCB & Diners Club 3.00%*27 Multi-Currency Options 4.99%*Annual Software Upgrade Fee (A.S.U.C)* **₹1200*A.S.U.C. applies annually on 1 April First financial year waiver from date of activation *Taxes not included In both plans, businesses get free invoice payments, CCAvenue checkout, CCAvenue shopping cards, responsive checkout pages, marketing tools, smart analytics and more. Both the plans require businesses to keep at least Rs. 1,000 in their online account. After registration, businesses can log in to the CCAvenue account they belong to at any time to view their account statements, bills.

Payment options supported by the CCAvenue payment gateway

CCAvenue accepts more than 200 payment options. This includes all major credit and debit cards, including Mastercard/VISa/Maestro/RuPay cards, Amex EzeClick, internet banking, ATM cards, prepaid instruments and multi-bank EMI options.

CCAvenue Payment Gateway International Payments

One of CCAvenue's strengths is the ability to process multi-currency payments in 27 major foreign currencies on its platform. This is an advantage for merchants looking to target global customers. Businesses can display prices in any currency and customers can checkout in the currency they want on the payment options page. There are no additional fees for this service.

However, currency exchange rate fluctuations need to be taken into account when setting pricing in other currencies. CCAvenue uses XE for currency conversion, which is done at the rate determined by XE, not the rate seen on Google. XE is able to profit from the difference in rates they charge. Businesses also need to be aware of the exchange rates between the Indian rupee and other currencies to ensure that they are not underpricing goods or overcharging customers.

CCAvenue Settlement of payment gateways

As a merchant, payment settlements for businesses are made on a weekly basis or in accordance with the terms of the relevant agreement. CCAvenue will credit you the full amount above Rs. 1000 in the weekly payment. The payment cycle they have set up is that transactions completed before midnight on Wednesday are credited on Friday when the payment is settled. Transactions on Thursday and Friday will be credited for the following week.

CCAvenue Payment Gateway Customer Service

CCAvenue offers 24/7 customer service through its website. Questions can be submitted directly on the website, or you can contact official customer service directly by email.

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