What is the Sbiepay payment gateway?

03 May 2023

Sbiepay is a payment gateway service provided by the State Bank of India (SBI), one of the largest banks in India. It is a safe and secure payment processing solution compliant with the highest security standards in the industry.

Using Sbiepay, merchants can brand their payment page with their logo and choose from various themes to create a seamless checkout experience. Sbiepay also provides real-time reporting and analytics, enabling merchants to track their transactions, view transaction history, and generate reports.

Sbiepay provides fraud prevention and risk management tools to help merchants identify and prevent fraudulent transactions. They include 3D Secure authentication and real-time fraud monitoring, helping to minimize chargebacks and reduce the risk of fraud.

Sbiepay offers competitive pricing and does not charge any setup or maintenance fees. Merchants can choose from various pricing plans based on their transaction volume, making it a flexible solution for businesses of all sizes.

One potential drawback of Sbiepay is that it is only available to merchants with a bank account with SBI, a limitation for businesses that do not have a relationship with SBI. Additionally, while Sbiepay supports multiple payment channels, it does not support all payment methods, such as UPI and e-wallets. Merchants may need to consider additional payment gateways to support these payment methods.

PayCEC can be a great alternative for customers who do not have a relationship with SBI or who require payment support for payment methods not supported by Sbiepay. Unlike Sbiepay, PayCEC is available to merchants regardless of their banking relationships, making it a more inclusive option.

Moreover, PayCEC supports a wide range of payment methods, including UPI and e-wallets, which are not supported by Sbiepay. By providing support for these payment methods, PayCEC enables merchants to reach a broader range of customers who prefer these payment options.

Read more:

Types of payment gateway.

Benefits of online payment gateway.

Online payment gateway list in the world.