Razorpay and Citrus Pay have the lowest transaction fee in the market. The transaction fee is an important factor when choosing the payment gateway for your online store, thus the payment gateway industry has huge competition these days to provide the best services with best transaction fee possible. Razorpay charges flat 2% fees on a successful transaction when a customer is using net banking, domestic credit cards or debit cards, UPI and wallets. This transaction fees increase to flat 3% when Diners and Amex Cards, International cards or EMI is used by the customer. Citruspay charges 1.99% + 3 INR fees for each successful transaction. However, while choosing a payment gateway other features and offerings are also important and you can find out more on the best payment gateways in India here: http://www.analyzo.com/search/payment-gateways-in/127
There are a slew of payment gateways in India currently but one of the simplest ways to collect payments online is Instamojo.com.
The rates are pretty low too. Transaction fees for new customers on Instamojo is 2% of the amount + ? 3 per transaction excluding Service Tax.
I personally vouch for Instamojo’s values in:
Try something new today! Sign up on Instamojo and experience the simplicity of collecting payments with just a click of a button.