Razorpay
Payment gateways
Payment software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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Pay-as-you-go
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Small
Medium
Large
- Information technology and software
- Accommodation and food services
- Retail and wholesale
What is Razorpay
Razorpay is a payment gateway and payments platform that helps businesses accept and manage digital payments, primarily in India. It supports use cases such as online checkout, recurring payments, payouts to vendors/partners, and payment links for remote collections. The product is typically used by online businesses, marketplaces, and SaaS companies that need API-based payment acceptance and settlement workflows. It differentiates through a broad set of India-focused payment methods and an integrated suite that extends beyond checkout into payouts and reconciliation.
Broad India payment coverage
Razorpay supports common India payment methods such as UPI, cards, netbanking, and wallets, which helps merchants serve local customer preferences. This reduces the need to stitch together multiple providers for domestic payment coverage. It also supports features like payment links and QR-based collections that fit India-specific payment behaviors.
Developer-friendly APIs and SDKs
Razorpay provides APIs, SDKs, and webhooks for integrating payments into web and mobile applications. This supports custom checkout flows and backend automation for payment capture, refunds, and settlement tracking. The platform also offers tools for testing and integration that are oriented toward engineering teams.
Integrated payouts and reconciliation
Beyond payment acceptance, Razorpay offers payout capabilities for sending funds to bank accounts and other endpoints, supporting marketplace and vendor-payment workflows. It also provides reporting and reconciliation features to help finance teams match payments, refunds, fees, and settlements. This can reduce reliance on separate payout and reconciliation tooling.
Geographic focus on India
Razorpay’s strongest coverage is for India-based businesses and India payment methods. Companies with significant cross-border acquiring needs may require additional providers for local acquiring in other regions. Availability of certain features and payment methods can vary by country and entity type.
Compliance and onboarding requirements
As a regulated payments provider, Razorpay requires KYC/verification and may request additional documentation depending on business model and risk profile. Some categories of merchants can face longer onboarding timelines or restrictions. Ongoing compliance checks can affect account limits, settlement timing, or feature access.
Complexity for simple use cases
The platform includes multiple modules (gateway, subscriptions, payouts, etc.), which can add configuration overhead for small merchants with basic needs. Teams may need time to choose the right components and set up webhooks, reconciliation, and role-based access. For low-volume sellers, the operational setup can feel heavier than simpler checkout-only tools.
Plan & Pricing
Pricing model: Pay-as-you-go
India (Razorpay official pricing & docs):
- Platform fee (standard domestic payment methods): 2% of successful transaction value + 18% GST. No setup fee or Annual Maintenance Charge (AMC); charges apply only to successful transactions.
- Premium / Amex / Diners / certain international credit cards: 3% + 18% GST.
- Credit Card on UPI (RuPay credit card via UPI): ~2.15% + 18% GST (may include additional MDR components).
- UPI (bank-account instrument): platform fee 2% + 18% GST (government-mandated MDR on bank-account UPI is 0%; Razorpay charges a platform fee).
- EMI / Cardless EMI / Pay Later: typically 3% + 18% GST (varies by product).
- International bank transfers (MoneySaver Export Account): 1% + 18% GST.
- No setup fee / no mandatory monthly minimums; custom/volume pricing available (contact sales for merchants with high monthly revenue).
United States (Razorpay US official pricing page):
- Credit & debit cards: 2.59% + $0.30 per transaction.
- Foreign cards: additional 1.2% markup.
- ACH / Direct Debit: 0.5% (capped at $5).
- One-time setup/enterprise/custom pricing: contact sales.
Example costs:
- India: For a ₹1,000 UPI bank-account payment on standard plan → 2% platform fee = ₹20, plus 18% GST on the platform fee → total platform cost = ₹23.6.
- US: For a $100 card payment → 2.59% + $0.30 = $2.59 + $0.30 = $2.89.
Discount options:
- Razorpay indicates custom/negotiated pricing for high-volume merchants (contact sales).
Free tier/trial: Razorpay does not advertise a permanent “free plan” tier (fees are transaction-based) and does not advertise a time-limited free trial for its payments products on the official pricing pages.
Seller details
Razorpay Software Private Limited
Bengaluru, Karnataka, India
2014
Private
https://razorpay.com/
https://x.com/razorpay
https://www.linkedin.com/company/razorpay/
