Is Razorpay or Cashfree Payments cheaper in India?

At least one of these does not publish a clear starting price, so compare their India pricing pages directly. Where a price exists, this page shows the all-in GST-registered cost in rupees.

Does Razorpay or Cashfree Payments have a free plan?

Cashfree Payments offers a free plan; Razorpay does not list one. For a zero-commitment start, Cashfree Payments is the lower-risk option.

What should Indian businesses check before choosing a Payments & Billing tool?

For Payments & Billing tools, check the real INR cost (with GST), free-plan limits, per-seat versus flat pricing, India-specific support and integrations, setup effort, and the vendor's pricing page directly before committing.

FindThatSoftwareComparison

Online payment gateways and billing tools

Razorpay vs Cashfree for an Indian business

Razorpay is the safer default for Indian businesses' online payments. Cashfree wins for marketplaces and cross-border with its payouts and PA-CB licence.

✓ The pick: RazorpayUpdated 4 Oct 2026

Razorpay vs Cashfree Payments, side by side

These tools charge per transaction, not a flat monthly fee, so the standard rate leads. Your effective rate depends on your payment mix and volume; confirm it at onboarding.

Quick answer: For payments & Billing buyers in India, FindThatSoftware picks Razorpay. Best for Indian businesses accepting UPI, cards, and netbanking online.

India buying factor	Razorpay✓ The pick	Cashfree Payments
Standard rate (excl. GST)	2% per transaction	1.95% per transaction ✓
Rate detail	Flat 2% on domestic methods; international up to 3%.	Standard 1.95%; Amex 2.95%, international 2.99%.
Free plan	No	Yes
Best for	Indian businesses accepting UPI, cards, and netbanking online	Indian e-commerce and D2C brands collecting payments online
Billing model	Usage-based	Usage-based
Bills in	INR, no forex	INR, no forex
India fit	INR pricing	INR pricing

The verdict: the rule, not the feature list.

Narrow on purpose: which tool someone like you should pick, and why. Not every checkbox.

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, so confirm your effective rate against your own payment mix.

Read the Razorpay record →

Not sold on either?Razorpay alternatives Cashfree Payments alternatives

Head-to-head: the case and the catch for each.

Source-backed facts only; no invented ratings. Each side shows what earns it and what to watch for.

Razorpay

The pick

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

The case for

Broad Indian payment method coverage including UPI
Payment links and subscriptions reduce build effort

The catch

Per-transaction fees apply to every payment
Exact rates vary by method and need verification

Source trail

Razorpay pricing Razorpay (official site)

Visit Razorpay Read the record

Cashfree Payments

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

The case for

Cashfree publishes the whole dispute ladder with response windows, so you know you get 3 days to respond and 1 day for fraud cases
Refunds, batch refunds, split settlements and vendor payouts are all documented with APIs and webhooks, which shortens integration work for an in-house team
Settlement reversal reasons are published, so you can tell an invalid IFSC apart from a bank side failure without raising a ticket

The catch

The default settlement cycle is T+2 bank working days, not T+1. Instant settlement needs an eligibility check through a support form, not a dashboard toggle
Settlements to NRE bank accounts are not possible, which blocks a merchant whose only current account sits under an NRE mandate
The refund button only appears on transactions that have already settled, and the money takes 7 to 10 business days to reach the customer
Cashfree serves its pricing page only to a full browser session and returns 403 to everything else, so rate cards are hard to compare

Source trail

Cashfree payment gateway charges page (pricing, promo rate, eligibility)Cashfree pricing Cashfree official homepage (products, capabilities, customers)

Visit Cashfree Payments Read the record

Razorpay vs Cashfree Payments: questions

Is Razorpay or Cashfree Payments cheaper in India?: At least one of these does not publish a clear starting price, so compare their India pricing pages directly. Where a price exists, this page shows the all-in GST-registered cost in rupees.
Who should choose Razorpay?: Indian businesses accepting UPI, cards, and netbanking online
Does Razorpay or Cashfree Payments have a free plan?: Cashfree Payments offers a free plan; Razorpay does not list one. For a zero-commitment start, Cashfree Payments is the lower-risk option.
What should Indian businesses check before choosing a Payments & Billing tool?: For Payments & Billing tools, check the real INR cost (with GST), free-plan limits, per-seat versus flat pricing, India-specific support and integrations, setup effort, and the vendor's pricing page directly before committing.

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The dispatchFree · no noise

Still deciding? Get the shortlist.

A short, occasional email with the India-first software tools and buying guides we'd actually recommend. Source-backed, no noise.

Going with Razorpay?

Visit Razorpay Visit Cashfree Payments

India buying factor

Razorpay✓ The pick

Cashfree Payments

Standard rate (excl. GST)

2% per transaction

1.95% per transaction ✓

Rate detail

Flat 2% on domestic methods; international up to 3%.

Standard 1.95%; Amex 2.95%, international 2.99%.

Free plan

Yes

Best for

Indian businesses accepting UPI, cards, and netbanking online

Indian e-commerce and D2C brands collecting payments online

Billing model

Usage-based

Bills in

INR, no forex

India fit

INR pricing

Razorpay vs Cashfree for an Indian business

Razorpay vs Cashfree Payments, side by side

The verdict: the rule, not the feature list.

Head-to-head: the case and the catch for each.

Razorpay

The case for

The catch

Source trail

Cashfree Payments

The case for

The catch

Source trail

Razorpay vs Cashfree Payments: questions

Is Razorpay or Cashfree Payments cheaper in India?

Who should choose Razorpay?

Does Razorpay or Cashfree Payments have a free plan?

What should Indian businesses check before choosing a Payments & Billing tool?

Work at one of these companies?

Still deciding? Get the shortlist.

Going with Razorpay?

Razorpay vs Cashfree for an Indian business

Razorpay vs Cashfree Payments, side by side

The verdict: the rule, not the feature list.

Head-to-head: the case and the catch for each.

Razorpay

The case for

The catch

Source trail

Cashfree Payments

The case for

The catch

Source trail

Razorpay vs Cashfree Payments: questions

Is Razorpay or Cashfree Payments cheaper in India?

Who should choose Razorpay?

Does Razorpay or Cashfree Payments have a free plan?

What should Indian businesses check before choosing a Payments & Billing tool?

Work at one of these companies?

Still deciding? Get the shortlist.

Going with Razorpay?