Instamojo
Hosted payments and commerce
Relevant when the merchant values a packaged selling or payment experience and broader payment-method coverage more than minimising variable UPI software cost.
Pricing and product comparison · checked 28 July 2026
VyaparGateway vs Instamojo
Compare a broad hosted merchant-commerce platform with a focused UPI orchestration layer, including the transaction-count effect of Instamojo’s published 2% + ₹3 fee.
VyaparGateway
Merchant-owned UPI checkout
Relevant when the merchant already owns the storefront or app and needs dynamic UPI orders, signed payment events, and a flat software plan over a supported merchant connection.
Published fee example
₹5 lakh monthly volume at a ₹1,000 average order
This illustration applies the standard formula in Instamojo’s official support article. It is not a quote: category-specific, promotional, or contracted terms can differ.
Transaction count
500
₹5,00,000 ÷ ₹1,000
Fee before GST
₹11,500
₹10,000 + ₹1,500
GST on fee
₹2,070
18% of service fee
Illustrative annual cost
₹1,62,840
₹13,570 × 12
A ₹300/month plan is ₹3,600 per year before applicable subscription tax. The arithmetic difference in this example is ₹1,59,240, but it is only meaningful if a UPI-only, merchant-owned checkout meets the same business need as Instamojo’s broader product.
Side-by-side
Product fit before headline price
| Decision area | Instamojo | VyaparGateway |
|---|---|---|
| Core product | Merchant payments and commerce platform with hosted payment and selling capabilities. | UPI order, QR/intent, webhook, and status reconciliation over a supported connected merchant account. |
| Published standard transaction pricing | 2% + ₹3 per transaction, excluding GST, according to Instamojo's official support article; exceptions can apply. | 0% per-transaction platform fee on UPI with software plans starting at ₹300/month. |
| Cost scales with payment value | Yes. The percentage component grows with gross payment value, and the fixed component grows with transaction count. | The advertised plan is flat within its included limits; confirm plan taxes, usage limits, and overages. |
| Payment-method breadth | Designed as a broader online payments/commerce service; enabled methods depend on current product and eligibility. | Focused on UPI payment instructions and confirmation, not a general card or international gateway. |
| Hosted selling tools | A relevant choice for merchants wanting Instamojo's hosted links, store, or commerce workflow. | Designed to plug payment orders into the merchant's own website, SaaS, bot, or ecommerce integration. |
| Backend integration | Use the current Instamojo API, credentials, redirect, and webhook documentation for the provisioned product. | POST create_order and check_order_status with X-API-Key; verify HMAC-SHA256 webhook events. |
| Settlement | Follows Instamojo's merchant settlement schedule and applicable account terms. | Follows the connected merchant provider or bank arrangement rather than a universal settlement promise. |
| Best fit | A merchant who values broader hosted commerce and payment-method coverage enough to accept variable fees. | A UPI-heavy business that owns its checkout and wants predictable software cost and signed event handling. |
Decision
Choose based on the commerce layer you need
Choose Instamojo when…
- Hosted selling tools reduce your implementation work.
- You need the enabled non-UPI payment methods.
- The variable fee is acceptable for the broader product.
- Its current settlement, support, and category terms fit.
Choose VyaparGateway when…
- Your checkout and order database already exist.
- Your payment mix is intentionally UPI-first.
- A supported merchant provider account is connected.
- You want flat software pricing and signed events.
Questions
Instamojo comparison FAQ
- What are Instamojo's published transaction fees?
- Instamojo's official support article states a standard fee of 2% plus ₹3 per transaction, excluding GST, and notes that some business categories can have higher charges. Always verify the live article and your merchant agreement.
- How much does 2% plus ₹3 cost after GST?
- Calculate 2% of transaction value, add ₹3 for each transaction, then add 18% GST to that service fee. At ₹1,000, the pre-GST fee is ₹23 and GST is ₹4.14, for a total of ₹27.14 under that standard formula.
- Is VyaparGateway a complete replacement for Instamojo?
- Not for every use case. Instamojo's hosted commerce and broader payment product can be valuable. VyaparGateway is the narrower choice for UPI orchestration on a merchant-controlled checkout using a supported connected provider account.
- Which platform is better for selling without a website?
- A hosted commerce or payment-link platform such as Instamojo can be the more direct fit when the merchant does not want to build a site. VyaparGateway is strongest when an existing website, application, bot, or ecommerce system needs an API-driven UPI order flow.
- What should a merchant verify before switching?
- Verify enabled payment methods, category approval, refunds, disputes, settlement timing, API limits, webhook behavior, taxes, plan limits, transaction pricing, and support. Run both systems in a controlled test window before migration.
Test the UPI order flow before deciding.
Use your own expected volume, order size, and payment mix.