RazorpayX Business Banking +
Digital banking platforms
Financial services software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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₹2,499 per month
Free TrialFree version
Small
Medium
Large
- Accommodation and food services
- Retail and wholesale
- Arts, entertainment, and recreation
What is RazorpayX Business Banking +
RazorpayX Business Banking+ is a business banking and treasury layer from Razorpay that helps companies manage payouts, collections, and account operations from a single interface. It is used by finance and operations teams to automate vendor payments, payroll disbursements, and reconciliation workflows. The product typically integrates with Razorpay’s payments stack and supports API-based and dashboard-based money movement and reporting for businesses operating in India.
Integrated payouts and collections
The product combines business account operations with payout workflows, enabling teams to initiate and track disbursements alongside incoming funds. This reduces the need to stitch together separate tools for payment acceptance and outbound transfers. For organizations already using the vendor’s payments products, the operational flow is more unified than adopting a standalone banking platform.
API-first finance automation
RazorpayX provides APIs and dashboard controls that support programmatic payouts, beneficiary management, and status tracking. This is useful for platforms and businesses that need to embed payment operations into internal systems. Compared with more bank-core-focused platforms, the emphasis is on execution and automation of money movement rather than building a full bank ledger stack.
Operational controls and reporting
The product includes features commonly needed by finance teams such as approvals, role-based access, and transaction visibility for payouts and account activity. It supports reconciliation-oriented reporting to help track payment statuses and exceptions. These controls help standardize processes when multiple teams initiate payments.
Geographic and banking dependence
The product is primarily oriented to businesses operating in India and depends on local banking rails and partner-bank arrangements. Organizations needing multi-country account issuance or cross-border treasury capabilities may require additional providers. This can limit suitability for globally distributed banking operations.
Not a full core banking
RazorpayX focuses on business banking operations and payouts rather than providing a full core banking system for deposit, lending, and complex ledger configuration. Companies seeking to launch regulated banking products or build a full digital bank stack may need separate core banking and compliance infrastructure. This makes it less comparable to end-to-end core platforms.
Ecosystem and integration constraints
While APIs are available, integration depth with third-party ERPs, accounting systems, and data warehouses can vary by use case and may require custom implementation. Some workflows may be optimized for the vendor’s broader payments ecosystem, which can increase switching costs. Businesses with heterogeneous payment providers may face additional operational complexity.
Plan & Pricing
RazorpayX Payroll (tiered subscription)
| Plan | Price | Key features & notes |
|---|---|---|
| Prime | ₹2,499 per month | Max employees supported: 20; monthly charges; basic payroll features (payslip generation, salary payment, one-time payments, etc.). |
| Elite | ₹5,499 per month (for 50 employees) | Max employees supported: 100; example listing shows ₹5,499/month for 50 employees; additional employees charged ₹150/employee/month; advanced features & integrations; Enterprise contact for quotes. |
| Enterprise | Custom pricing | For organizations with 100+ employees — contact sales for a quote. |
RazorpayX Vendor Payments / Payouts (usage-based with free tier)
Pricing model: Usage-based (per-payout fees) with free monthly allowance on tiered plans. Free tier: RazorpayX Basic includes 300 free payouts/month; Pro includes 500 free payouts/month; Enterprise has custom pricing. (Free payout counts apply across transfer methods UPI, IMPS, NEFT, RTGS.) Pricing after free payouts (examples from official page):
- Basic (after 300 free payouts/month): IMPS/UPI: up to ₹1,000 — ₹4; ₹1,000–₹25,000 — ₹6; Above ₹25,000 — ₹9; NEFT/RTGS — ₹5.
- Pro (after 500 free payouts/month): IMPS/UPI: up to ₹1,000 — ₹2; ₹1,000–₹25,000 — ₹4; Above ₹25,000 — ₹8; NEFT/RTGS — ₹3. Enterprise: Custom pricing (for >10,000 payouts/month). GST applicable on fees.
Instant Settlements (marketplace sellers)
Pricing model: Usage-based (flat fee per withdrawal). Example costs: Typically between 0.5% and 0.7% of the withdrawal amount; example: 0.5% flat fee (₹500 on ₹100,000 withdrawal) — eligibility and exact fee depend on merchant profile.
RazorpayX Corporate Card & Other charges (schedule of charges)
Pricing model: Fee schedule (fixed/percentage as applicable). Example charges from official Schedule of Charges:
- Card/Registration Fee: Up to INR 1,499.
- Annual Maintenance Fee: Up to INR 1,499 (waiver on minimum annual spend conditions shown).
- Foreign-currency transactions surcharge: 1.99% of transaction amount.
- Overlimit fee: INR 500 per instance.
- Other fees (late payment fee, physical statement fee, etc.) as listed on official Schedule of Charges page.
Notes & disclaimers: All prices on the official pages are shown in INR and typically mention GST (18%) as applicable. Some products/features (e.g., Current Account opening fees or detailed current-account maintenance/bank charges) are not explicitly shown on the public pages and may be provided via guided onboarding or custom/partner bank schedules.
Seller details
Razorpay Software Private Limited
Bengaluru, Karnataka, India
2014
Private
https://razorpay.com/
https://x.com/razorpay
https://www.linkedin.com/company/razorpay/
