We utilize Razorpay as our payment gateway. Nor we, neither Razorpay, store your data on the servers. All the data entered while processing payments is encrypted through the Payment Card Industry Data Security Standard (PCI-DSS). The data you enter while purchasing transaction is used as long as is necessary to get it completed. After the completion of transaction, no information is saved on our servers.
Our payment gateway adheres to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, American Express, MasterCard, and Discover.
Requirements by PCI-DSS help ensure the secure handling of credit card information by our store and its service providers.
For more insight, read terms and conditions of razorpay on https://razorpay.com.