Analytical Report on Cashfree, India's Payment Gateway www.deekpay.com

About Cashfress Payment Gateway

Cashfree is an Indian onlinePayment GatewayProvided by Cashfreeonline paymentInfrastructure. It provides commercial payment solutions such as receiving payments, sending payments, and managing international payments. It enables users to pay for products or services delivered to their homes via mobile wallet, cash or online. Cashfree was founded in 2015 and is headquartered in Bangalore, India.

Cashfree helps more than 50,000 businesses receive and send money through payment solutions such as an easy-to-integrate payment gateway that supports instant settlements and refunds; support for Payouts, the API banking platform for bulk payments; support for marketplace streaming payment solutions; support for bank account verification APIs; and support for specialised businesses and Auto Collect. UPIStack (a virtual account solution to match customers' inbound payments). Its customers include Xiaomi, Tencent, Zomato, Zoomcar, Cred, Club Factory, Shell, Google-backed Dunzo, and Ketto and Milaap.

Cashfree works with a wide range of banks to build the core payments and banking infrastructure that powers Cashfree's products. Cashfree also works with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Ola Money, and Google Pay to integrate.

Cashfree Payment Gateway Pricing and Fees

The Cashfree payment gateway can accept payments from customers as well as make payments to suppliers.

Cashfree is developer-friendly and can also be integrated into users' own websites and Shopify sites. Even if a user doesn't have a website, Cashfree can provide payment links for quick and easy transactions.

The payment gateway service provided by Cashfree is not free, and it charges a fee based on the type of transaction the customer is making.

Domestic India charges 1.90% per transaction inclusive:

Visa Mastercard Maestro Google Pay Phonepe ICICI Netbanking for 65+ banks Amazon Pay

Domestic India charges 2.5% per transaction including:

E-paylater Olamoney Zest Money Kotak EMI HDFC EMI ICICI EMI

Other transaction types and corresponding fees:

Payment MethodsFeesUPI0%Rupay0%Diners Club2.95%American Express2.95%International Visa card3.5% + ₹ 7International Mastercard3.5% + ₹ 7International

Users are eligible for custom pricing from Cashfree if they have a large number of transactions or even small transactions. Users can contact their sales department to learn more about custom pricing.

One of the main benefits of Cashfree is that partners do not have to pay setup fees or account maintenance fees. This saves more money compared to other payment gateways, and as a result, Cashfree is the preferred choice of many freelancers or SMEs within India.

Is Cashfree payment gateway safe?

Cashfree is a secure payment gateway used by over 100,000 merchants in India. They process 20 million API requests per day with an average system uptime of 99.99%.

Cashfree also enables businesses and freelancers to make payments securely through a unique bank account verification service. It helps users to quickly and easily verify other bank accounts before they make payments to suppliers.

Cashfree has a solid foundation. The company was incubated by PayPal and is backed by the State Bank of India, startup accelerator Y Combinator and Apis Partners.

Payment methods supported by Cashfree

Cashfree offers a wide range of payment options for customers in India and abroad. Below are the available options:

Credit card payment option:

Visa Mastercard Diners Club American Express Maestro

Digital wallet and payment options:

Netbanking for 65+ Indian banks Google Pay UPI Amazon Pay Phonepe Rupay Olamoney Flexmoney Zest Money Paytm Paypal E-paylater

Customers also have the option of combining EMI with HDFC, Kotak and ICICI Bank at the payment gateway.

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