WhichStack
Online payment gateways and billing tools

Comparison

Razorpay vs Cashfree for an Indian business

Razorpay is the safer default for most Indian businesses that need fast, broad online payments. Cashfree pulls ahead for marketplaces and cross-border collections thanks to its payouts and PA-CB licensing.

Head-to-head

Source-backed facts only. FTS does not publish invented numeric ratings — each row reflects verified catalog data with the last-verified date shown, and full source links per tool below.

AttributeRazorpayCashfree Payments
PricingPaid / usage-basedFreemium
Free planNot listedYes
Free trialNot listedNot listed
India fitINR pricingINR pricing
Best forIndian businesses accepting UPI, cards, and netbanking onlineIndian e-commerce and D2C brands collecting payments online
Avoid ifBusinesses needing payments outside India as the primary marketBusinesses outside India seeking a primary domestic gateway in their own market
FTS statusSource checked Jun 14, 2026Source checked Jun 15, 2026
Last verified14 Jun 202615 Jun 2026
R
Razorpay

India-first payment gateway for accepting online payments, UPI, payment links, and subscriptions.

Starting price
Paid / usage-based
Free plan
Not listed
Best for
Indian businesses accepting UPI, cards, and netbanking online
Avoid if
Businesses needing payments outside India as the primary market
Data status
Source checked Jun 14, 2026
Pricing caveat
Verified Jun 2026 (official pricing): Standard plan charges a flat 2% per successful domestic transaction (cards, UPI, netbanking, wallets) with no setup, annual, or refund fees; 18% GST applies on the fee. International cards up to 3%. Settlement T+1 (instant available).

Source trail

Razorpay pricingRazorpay official site
View profileVisit Razorpay
CP
Cashfree Payments

India-first, RBI-licensed payment gateway and payouts platform supporting UPI, cards, net banking, and cross-border payments.

Starting price
Freemium
Free plan
Available
Best for
Indian e-commerce and D2C brands collecting payments online
Avoid if
Businesses outside India seeking a primary domestic gateway in their own market
Data status
Source checked Jun 15, 2026
Pricing caveat
Verified June 2026 from Cashfree's official charges page. No setup fee and no annual maintenance charge (AMC); per-transaction pricing only. Promotional domestic rate of 1.6% (vs standard 1.95%) applies to UPI, domestic cards, net banking, wallets, and prepaid cards for merchants signing up between 18 Sep 2025 and 30 Apr 2026, locked in for 12 months from signup. Promotional rate eligibility requires monthly transaction volume not exceeding Rs 1 Crore and UPI being at least 40% of monthly GTV. International cards: ~2.69% promotional / 2.99% standard (Visa/Mastercard), 2.95% (Amex), capped at Rs 10 Lakh/month before reverting to standard. Virtual bank accounts start at a Rs 20 platform fee; forex conversion fees apply on non-INR transactions. Note: multiple third-party sources cite UPI/RuPay as 0%, but this figure was not confirmed verbatim on the official charges page during this check and exact category rates may vary by merchant and time — confirm current figures at https://www.cashfree.com/payment-gateway-charges/ before relying on them.

Source trail

Cashfree payment gateway charges page (pricing, promo rate, eligibility)Cashfree official homepage (products, capabilities, customers)Business Standard: Cashfree gets RBI PA-CB licence
View profileVisit Cashfree Payments

Decision rule

This comparison is intentionally narrow. It is meant to answer which tool someone like you should choose and why, not list every feature.

Choose Razorpay for the widest adoption, documentation, and quick setup on standard online payments. Choose Cashfree when you need bulk payouts, heavy UPI AutoPay subscriptions, or cross-border collection with INR settlement. Both charge a per-transaction percentage — confirm your effective rate against your own payment mix.

Read Razorpay verdictRead Cashfree Payments verdict

Which is better: Razorpay or Cashfree Payments?

Choose Razorpay for the widest adoption, documentation, and quick setup on standard online payments. Choose Cashfree when you need bulk payouts, heavy UPI AutoPay subscriptions, or cross-border collection with INR settlement. Both charge a per-transaction percentage — confirm your effective rate against your own payment mix.

Who should choose Razorpay?

Indian businesses accepting UPI, cards, and netbanking online

What should Indian small businesses check before buying?

Check free-plan limits, paid-seat cost, support availability, integrations, setup effort, and the pricing page directly before committing.