ICICI Payseal is a venture by ICICI bank and it appears to be a good system, however it has certain flaws associated with it.
We had great hopes from ICICI bank but they have an indifferent attitude towards the internet entrepreneurs which does not augur well for start-ups.
Disadvantages
- It do not favour small entrepreneurs. Problem is that bigger the organisation they are least sensitive to internet entrepreneurs.
- Takes too long to respond and integrate.
- Payment gateway requires Java Technology for integration.
Advantages
Transaction charges is low.
Verdict
We have EBS Payment Gateway and it functions very well. Moreover their team is equally responsive.