7 Best Payment Gateways for Shopify Stores in India in 2026

Running a Shopify store in India means choosing a payment gateway that can handle the way Indian customers actually pay.

UPI may account for a large share of your orders, but customers can also expect credit and debit cards, net banking, wallets, EMI and Buy Now Pay Later options. Behind checkout, merchants also need reliable payment processing, refunds, settlements, reconciliation and support when transactions fail.

Shopify supports third-party payment providers, and the gateways available to a store depend on its location. Shopify recommends checking provider availability for the store’s country before activation. Third-party transaction fees may also apply in addition to the payment provider’s own charges.

For Indian Shopify merchants, seven payment gateways worth evaluating in 2026 are:

1. Razorpay
2. EnKash
3. Cashfree Payments
4. PayU
5. PhonePe Payment Gateway
6. Easebuzz
7. Paytm Payment Gateway

There is no single gateway that is best for every Shopify store. The right option depends on transaction volume, payment mix, settlement requirements, international sales, checkout requirements and the level of support your team needs.

Quick Comparison of the Best Shopify Payment Gateways in India

How We Evaluated These Payment Gateways

The comparison is based on information available from Shopify and the payment providers’ official product pages and documentation as of August 2026.

We considered:

• Shopify integration
• UPI, cards and other Indian payment methods
• Checkout experience
• Payment routing and reliability
• Refund management
• Settlement options
• Reconciliation
• Ecommerce-specific tools
• APIs and developer support
• Merchant support
• Published pricing where available
• Regulatory status where relevant

Pricing and eligibility can change by merchant category, payment method, transaction volume and negotiated commercial terms. Merchants should confirm final rates directly with the provider before choosing a gateway.

1. Razorpay

Best for: D2C and growing Shopify brands looking for a mature payment ecosystem

Razorpay is one of the most established payment gateway choices for Indian Shopify stores.

Its All-in-one Razorpay Payment Gateway app allows Shopify merchants to connect Razorpay directly to their store. Razorpay’s official Shopify documentation confirms support for payment methods including UPI, cards, wallets and net banking through the integration.

The setup is relatively straightforward. Merchants install the Razorpay Shopify app, connect their account, activate the payment method and can run test transactions before going live.

Key Razorpay Features for Shopify

• UPI
• Credit and debit cards
• Net banking
• Wallets
• EMI and Pay Later options
• Shopify app integration
• Payment routing and retries
• Instant settlement as an optional service
• Refund management
• Reporting and dashboard
• Ecommerce checkout tools

Razorpay also offers products such as Magic Checkout, Instant Settlement and Optimizer for businesses with more advanced checkout or routing requirements.

Razorpay Pricing

Razorpay currently publishes a standard payment gateway platform fee of 2% plus GST per transaction, with no setup or annual maintenance fee. Custom pricing is available for businesses processing higher volumes. Some payment instruments and additional services can carry different charges.

Why Consider Razorpay for Shopify?

Razorpay is a strong general-purpose option for merchants who want a widely used payment platform, a dedicated Shopify integration and access to additional payment products as the store grows.

Potential consideration: Shopify merchants should calculate the full cost of payment acceptance, including Razorpay’s fees and any applicable Shopify third-party transaction fees.

2. EnKash Payment Gateway

Best for: Shopify businesses that want payment acceptance connected with settlements, reconciliation and broader finance operations

EnKash is an RBI-authorised online Payment Aggregator operated by Nehat Tech Solutions Private Limited. The Reserve Bank of India’s published list of authorised payment system operators includes Nehat Tech Solutions as an online Payment Aggregator.

For Shopify merchants, EnKash Payment gateway have plugins that support alongside APIs, SDKs and a pre-built checkout. Its developer documentation lists Shopify among its supported platform plugins.

The gateway supports payment methods including:

• UPI
• Credit and debit cards
• Net banking
• Wallets
• EMI
• Pay Later options

EnKash is particularly relevant to merchants looking beyond the checkout itself. Its payment stack includes transaction monitoring, full and partial refund management, payment analytics and settlement visibility.

Key EnKash Features for Shopify

• Shopify plugin support
• UPI, cards and net banking
• Wallets
• EMI and Pay Later
• Pre-built and custom checkout options
• APIs and SDKs
• Instant refunds
• Instant and configurable settlements
• Transaction monitoring
• Reconciliation
• Payment analytics
• Payment links
• Merchant and technical support

Faster Settlement Options

Cash flow can matter significantly for ecommerce brands that continuously spend on inventory, fulfilment, advertising and suppliers.

EnKash offers instant settlement capabilities with options for instant, daily or custom settlement preferences. Its current settlement product states that businesses can access funds 24/7, including weekends and holidays.

This can be useful for Shopify businesses where faster access to completed sales helps fund the next cycle of orders.

EnKash Pricing

EnKash currently advertises zero setup fees, while transaction pricing is provided based on the merchant’s business requirements rather than through one standard public rate.

Its payment terms also state that applicable fees can include access to the payment product suite, dashboard and custom reports, while UPI and RuPay debit-card transactions follow applicable MDR rules.

Why Consider EnKash for Shopify?

EnKash is worth evaluating if the business wants a Shopify payment gateway that also pays attention to what happens after the customer pays, particularly settlements, refunds, reconciliation, reporting and merchant support.

That makes it relevant for growing ecommerce businesses where payment operations are becoming a finance problem as well as a checkout requirement.

3. Cashfree Payments

Best for: Shopify stores focused on checkout conversion, COD and order completion

Cashfree provides several Shopify-specific products rather than only a standard gateway plugin.

Its Shopify Payments Plugin supports UPI, credit cards, debit cards, net banking, wallets and BNPL. Cashfree also offers a direct-card plugin for merchants looking to process cards within Shopify’s native checkout flow.

Where Cashfree becomes particularly interesting for ecommerce is the rest of its Shopify stack.

Key Cashfree Shopify Features

• UPI
• Credit and debit cards
• Net banking
• Wallets
• BNPL
• No-code Shopify payment plugin
• One Click Checkout
• COD verification
• COD-to-prepaid conversion
• Abandoned-order recovery tools
• Offers and discounts
• Payment analytics

Cashfree’s Shopify documentation specifically highlights tools for managing COD, reducing return-to-origin problems and converting COD orders to prepaid orders.

Why Consider Cashfree for Shopify?

Cashfree is particularly relevant for Indian D2C brands where the payment problem extends beyond digital checkout to COD conversion and order completion.

Its combination of payments and Shopify-specific conversion products differentiates it from a basic payment gateway integration.

4. PayU

Best for: Shopify merchants looking for strong checkout, offers and affordability features

PayU maintains a dedicated Shopify integration and has built several Shopify-specific capabilities around it.

The PayU Shopify plugin allows merchants to accept payments and initiate refunds from their Shopify dashboard. PayU also provides transaction reconciliation, an affordability widget, onsite card payments and its CommercePro Checkout app.

Key PayU Shopify Features

• UPI
• Credit and debit cards
• Net banking
• Wallets
• EMI
• BNPL
• Dedicated Shopify plugin
• Refund management from Shopify
• Onsite card payments
• Affordability widget
• SKU-based offers
• Shopify transaction reconciliation
• Cross-border payment options

PayU says its wider payment stack supports more than 150 payment modes.

Its onsite card option can also reduce unnecessary redirection during card checkout, while merchants can manage refunds through their Shopify environment.

PayU Pricing

PayU promoted special Shopify pricing starting from 1.9% during a campaign that required merchants to complete onboarding by June 30, 2026. Because that deadline has passed, merchants evaluating PayU now should confirm the current standard or negotiated pricing directly with the company.

Why Consider PayU for Shopify?

PayU can suit D2C stores that care about checkout merchandising as well as payment acceptance. Product-page offers, affordability tools, native refund management and onsite card payments can be useful for higher-value ecommerce purchases.

5. PhonePe Payment Gateway

Best for: UPI-heavy Shopify stores and businesses focused on fast digital checkout

PhonePe Payment Gateway supports Shopify through ready-to-use ecommerce plugins.

PhonePe’s official payment gateway material lists Shopify among the ecommerce platforms supported by its plugins and confirms payment methods including UPI, credit and debit cards, and net banking.

Key PhonePe PG Features

• UPI
• Credit and debit cards
• Net banking
• Shopify plugin
• Dynamic QR
• Payment Links
• UPI AutoPay
• Quick Checkout
• Fast Forward checkout
• Centralised reporting dashboard
• Transaction and refund reporting
• APIs and SDKs
• Intelligent downtime detection

PhonePe also promotes checkout products designed to reduce steps during payment and monitors payment-instrument health to identify methods experiencing downtime.

PhonePe Pricing

PhonePe currently advertises a promotional zero-platform-fee offer against a listed standard rate of 1.99%, subject to its terms and eligibility. It states that there are no setup or annual maintenance fees under the offer. Enterprise businesses can request custom pricing.

Because promotional pricing can end or vary by merchant, stores should verify the rate applicable when they onboard.

Why Consider PhonePe for Shopify?

PhonePe PG deserves consideration for businesses where UPI is a major part of customer checkout and where mobile-first payment flows are particularly important.

6. Easebuzz

Best for: SMEs that want a relatively simple Shopify payment gateway setup

Easebuzz offers a dedicated Shopify Payment Gateway integration.

Its setup involves installing the Easebuzz app, connecting merchant credentials, configuring payment options and running a test transaction before going live.

Key Easebuzz Shopify Features

• UPI
• Credit and debit cards
• Net banking
• Wallets
• EMI
• BNPL
• Shopify plugin
• Mobile-optimised hosted checkout
• Merchant dashboard
• Refund support
• Payment analytics

Easebuzz states that its wider payment gateway supports more than 150 payment modes, while its Shopify integration covers common Indian payment options.

The company currently describes standard Shopify settlements on a T+1 cycle, although actual merchant terms should always be confirmed during onboarding.

Why Consider Easebuzz for Shopify?

Easebuzz can work well for small and mid-sized businesses that want broad Indian payment-method coverage and a straightforward plugin-based Shopify implementation.

7. Paytm Payment Gateway

Best for: Shopify stores serving customers familiar with the Paytm ecosystem

Paytm provides a dedicated Shopify Payment Gateway integration and says merchants can connect the gateway to Shopify without building a custom payment integration.

The Shopify offering supports more than 100 payment modes, including UPI, credit and debit cards, net banking, Paytm Wallet and Paytm Postpaid.

Key Paytm Shopify Features

• UPI
• Debit and credit cards
• Net banking
• Paytm Wallet
• Paytm Postpaid
• Shopify integration
• Built-in refund management
• Intelligent payment routing
• Transaction dashboard
• T+1 default settlement
• Same-day settlement on request

Paytm says its Shopify payment gateway normally uses a T+1 settlement cycle, with same-day settlement available on request.

Paytm Pricing

Paytm’s Shopify page currently publishes payment-method-specific rates rather than one flat transaction charge. The page lists zero charges for UPI and RuPay debit-card transactions, while cards, net banking and other instruments have separate rates. Pricing can change, so merchants should check current commercial terms before onboarding.

Why Consider Paytm for Shopify?

Paytm can be useful for Shopify businesses looking for a broad selection of Indian payment options alongside Wallet, Postpaid and the wider Paytm payments ecosystem.

Which Payment Gateway Is Best for a Shopify Store in India?

The best choice depends on what your store needs most.

Choose Razorpay if you want a mature ecommerce payments ecosystem with broad payment-method coverage and a well-established Shopify integration.

Consider EnKash if you want payment acceptance combined with faster settlement options, reconciliation, finance visibility and direct merchant support.

Choose Cashfree if Shopify conversion, COD management and COD-to-prepaid workflows are important.

Consider PayU if affordability tools, offers, onsite card payments and Shopify-native refund management matter to your business.

Choose PhonePe PG if your store is UPI-heavy and mobile checkout is a major focus.

Consider Easebuzz if you are an SME looking for a relatively straightforward Shopify setup with broad Indian payment-method support.

Choose Paytm PG if Paytm Wallet, Postpaid and its wider Indian payment ecosystem are useful to your customers.

What Should Shopify Merchants Compare Before Choosing a Payment Gateway?

Price matters, but transaction fees alone do not tell you whether a payment gateway will work well for your store.

1. Shopify Integration

Confirm that the payment provider is available for your Shopify store’s location and that its current integration follows Shopify’s payment requirements.

Shopify recommends checking its payment-provider directory because gateway availability can differ by country.

2. Payment Methods

For an Indian store, check support for:

• UPI
• Credit cards
• Debit cards
• Net banking
• Wallets
• EMI
• BNPL

The ideal mix depends on your customers and average order value.

3. Payment Success and Reliability

Ask the provider how it handles:

• Bank downtime
• Failed transactions
• Payment routing
• Retries
• Payment status verification

A lower transaction rate does little for the business if customers repeatedly fail to complete checkout.

4. Settlement Time

Find out:

• Standard settlement cycle
• Instant or same-day settlement availability
• Weekend settlement support
• Fees for faster settlement

Fast settlement can matter to D2C brands that continually reinvest sales into inventory and advertising.

5. Refund Management

Shopify merchants should check whether they can:

• Issue full refunds
• Issue partial refunds
• Track refund status
• Initiate refunds from Shopify
• Reconcile refunds with original orders

6. Reconciliation

As order volumes grow, finance teams need to match:

Shopify order → customer payment → gateway fee → refund/reversal → settlement → bank credit

Strong reconciliation tools reduce the amount of manual checking required at month-end.

7. Support

Payment problems directly affect revenue.

Check whether support is available for:

• Integration
• Failed transactions
• Settlements
• Refunds
• Reconciliation
• Production issues

This becomes increasingly important once a Shopify store is processing large volumes.

Do Shopify Stores Pay Additional Fees for Third-Party Payment Gateways?

Potentially, yes.

Shopify states that third-party transaction fees can apply when merchants use third-party or alternate payment gateways, depending on the Shopify plan and payment setup. These charges are separate from the fees charged by the payment gateway itself.

Therefore, merchants should calculate:

Payment gateway fee + applicable GST + Shopify third-party transaction fee + optional service charges

Optional services can include instant settlements, international payments or advanced checkout products.

Check both Shopify’s current pricing and the gateway’s commercial proposal before making a decision.

Frequently Asked Questions About Shopify Payment Gateways in India

What are the best payment gateways for Shopify in India?

Popular payment gateway options with Shopify integrations for Indian merchants include Razorpay, EnKash, Cashfree Payments, PayU, PhonePe Payment Gateway, Easebuzz and Paytm Payment Gateway. The best provider depends on payment methods, transaction volume, settlement requirements, checkout preferences and pricing.

Does EnKash work with Shopify?

Yes. EnKash’s current payment gateway documentation lists Shopify among its supported platform plugins. It also offers APIs, SDKs and pre-built checkout options for businesses that need different integration approaches.

Which Shopify payment gateway supports UPI?

All seven providers covered in this comparison support UPI: Razorpay, EnKash, Cashfree, PayU, PhonePe PG, Easebuzz and Paytm PG. Availability can depend on merchant onboarding and provider configuration.

Which Shopify payment gateway offers fast settlements?

Several providers offer accelerated settlement options. EnKash provides instant and configurable settlement options, Razorpay offers Instant Settlement as an additional service, Paytm lists same-day settlement on request, and other providers offer different settlement schedules based on merchant terms.

Can a Shopify store use more than one payment method?

Yes. Shopify stores can offer customers different payment methods depending on the payment providers and alternate methods available in the store’s region and configuration. Shopify supports more than 100 third-party payment providers globally.

What payment methods should an Indian Shopify store accept?

For most Indian ecommerce businesses, UPI and cards are the starting point. Net banking can also remain relevant, while wallets, EMI and BNPL may help depending on order value and customer profile.

Is the cheapest payment gateway always best for Shopify?

No. Compare the complete cost alongside payment success, settlement time, refund processing, reconciliation, support and checkout performance. A small difference in transaction pricing may matter less than lost orders caused by payment failures.

Final Verdict

For most Indian Shopify merchants, the payment gateway decision should come down to what happens at three stages:

Before payment: Is the gateway easy to integrate and does it offer the methods customers want?

During payment: Does checkout work reliably, particularly for UPI and cards?

After payment: Can the business easily manage settlements, refunds, reconciliation and support issues?

Razorpay remains a strong all-round option for established ecommerce payment requirements.

EnKash deserves consideration for Shopify businesses that want payment acceptance connected with faster settlements, reconciliation and finance operations rather than treating checkout as an isolated process.

Cashfree has strong Shopify-specific conversion and COD tools, while PayU, PhonePe, Easebuzz and Paytm each provide useful capabilities for different merchant requirements.

Before selecting any provider, verify its current availability inside Shopify, request the commercial terms applicable to your business and test the complete flow from successful checkout through refund and settlement.

A Shopify payment gateway ultimately has one job that matters most: help genuine customers complete their purchase and help the merchant account for that money correctly afterward.