Note: from an entrepreneur detailing out his frustrations regarding the how eCommerce startups are at mercy of Indian Payment Gateway providers – This is not the first time, more or less most early stage startups are experiencing this kind of frustration!
Internet Payment Gateways in India have been a complete let down (from my experience) who are now working akin to governmental agencies! And I am not the first one. Even today’s biggest successes like flipkart.com had to face them in their early start-up stage.
While internet start-ups are mushrooming by the day, there is a dearth in the supply of internet payment gateways in India who are now dictating their own terms. It’s also ironic to note that getting a VC or angel investor is easy now in India! But the basics like internet payment gateway is a hell-ride experience!
Internet Payment Gateways in India have been a complete let down (from my experience) who are now working akin to governmental agencies! And I am not the first one. Even today’s biggest successes like flipkart.com had to face them in their early start-up stage.
While internet start-ups are mushrooming by the day, there is a dearth in the supply of internet payment gateways in India who are now dictating their own terms. It’s also ironic to note that getting a VC or angel investor is easy now in India! But the basics like internet payment gateway is a hell-ride experience!