I’m building a SaaS that needs a payment gateway. Razorpay, stripe and cashfree can’t onboard new businesses because of some RBI regulation(since December 2022).
What would you guys suggest I go with? Ideally I would need a PG that can split payments.
Phonepe launched payment gateway last week with zero fees in pilot mode. Not sure if it is open for all.
If not phonepe, then try CCavenues (costly)
Split is only offered by the 3 companies you mentioned -- technically and regulation wise it is a significantly more complex product than a vanilla pg. Stripe's offering is untested in India afaik. Cashfree is revamping its split payments offering into "embedded payments" and will be announced soon. The onboarding embargo is a bummer though.
A hackey way to do it temporarily is to use payouts after you've collected into your account through a payment gateway.
