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Payments & Billing
Cashfree Payments
Bengaluru based, RBI authorised payment aggregator for collecting online payments by UPI, cards, net banking and international cards, plus payouts and KYC checks.
Spec sheet
Pricing
Pay per use
- Free plan
- Not available
- Free trial
- Not listed
- Status
- Source checked 12 Nov 2026
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Claim this listingFindThatSoftware verdictEditorial ruling
Shortlist Cashfree if you are an Indian business collecting online payments and want one account for checkout, payment links, subscriptions, split settlements and payouts. Its published rate card is in the same range as Razorpay and PayU for domestic cards and UPI, so the real choice usually comes down to settlement speed, support and which extras you need.
Read the full verdict
Before paying, check whether you qualify for the current new merchant offer, and note that GST is still charged on the standard rate even when the fee is waived. If much of your volume will be credit cards, EMI, Amex or international cards, model those rates separately because they sit above the domestic rate and are excluded from the offer. Ask for your settlement cycle and instant settlement limit in writing during onboarding.
FindThatSoftware has source-checked this listing and keeps 9 public sources visible for buyer verification.
In short
Cashfree Payments is listed under Payments & Billing, reviewed for Indian buyers. It issues an India GST invoice, so you can claim input credit. FindThatSoftware rates it best for Indian e-commerce and D2C brands collecting payments online through a website, app or Shopify store; a poor fit for businesses registered outside India, since onboarding requires an Indian registered business and Indian KYC.
What Cashfree Payments costs in India
The rupee price a business actually pays, after the card forex markup, with GST shown both ways.
True India price
Cashfree Payments charges per transaction, not a monthly fee, so there is no single monthly price to show. The rate card lists every payment method's rate.
- Watch for
- Cashfree charges a percentage of each successful transaction, deducted before settlement, with no setup fee or monthly charge; GST at 18 percent is added on top and Cashfree issues GST e-invoices monthly so you can claim input tax credit.
More
New merchants who sign up between 21 July 2026 and 31 March 2027 pay no platform fee on domestic transactions up to a one time GMV cap, but GST is still charged on the standard rate and the offer can be withdrawn if credit cards make up most of your volume. EMI, pay later, Amex, corporate cards and international cards are always billed at their own higher rates, and instant settlement, split payments and subscriptions carry separate fees.
Paying for more than Cashfree Payments? See your whole stack's real India cost and where you could switch to save.
Audit your spendWho Cashfree Payments fits
What it is, what you gain, what you give up, and who should look elsewhere.
What is Cashfree Payments?
Cashfree Payments is run by Cashfree Payments India Private Limited in Bengaluru and holds RBI payment aggregator and prepaid payment instrument authorisations, as listed on its about page. Its payment gateway collects money through UPI, domestic and international cards, net banking, wallets, EMI and pay later, and the vendor says it supports more than 180 payment modes and 140 plus currencies settled in INR. Around the gateway it sells payment links, payment forms, subscriptions with UPI Autopay and e-mandates, marketplace split settlements, instant settlements and bulk payouts, plus a Secure ID suite for PAN, Aadhaar, bank account and GSTIN checks. Everything is delivered as a web dashboard with REST APIs, webhooks, SDKs and plugins for Shopify and other carts. Onboarding needs full KYC and a business registered in India, and standard settlement runs on a T+1 or T+2 cycle unless you pay for instant settlement.
What you gain, and what you give up.
The case for
- Rate card is public and detailed per payment mode, including EMI, pay later, international cards, subscriptions and instant settlement, so you can model your effective cost before talking to sales
- Issues monthly GST e-invoices from an Indian entity, so domestic merchants can claim input tax credit on gateway fees
- Disputes, refunds, split settlements and payouts are documented with APIs and webhooks, including a published 3 day response window for disputes (1 day for fraud cases)
The catch
- GST is charged on the standard rate even during the zero fee new merchant offer, and the offer can be withdrawn once credit cards reach 60 percent or more of your volume
- Standard settlement is T+1 or T+2 depending on your configured cycle; faster settlement is an extra percentage fee and depends on a risk review
- EMI, pay later, Amex, corporate cards and international cards are excluded from the offer and priced above the domestic rate, so a card heavy business pays noticeably more than the headline rate
- Customer refunds take 5 to 10 working days to land depending on the payment mode, per the vendor's help center
Best for
- Indian e-commerce and D2C brands collecting payments online through a website, app or Shopify store
- Subscription businesses that need UPI Autopay and e-mandate recurring debits
- Marketplaces that need split settlements to vendors and bulk payouts from one account
Who should avoid it
- Businesses registered outside India, since onboarding requires an Indian registered business and Indian KYC
- Merchants whose volume is mostly EMI, Amex or international cards and who are choosing on the headline domestic rate
India readiness
How well Cashfree Payments fits an Indian business operationally, from the verified pricing and company facts we hold.
- ✓GST invoice
Issues a GST-compliant invoice, so a registered business can reclaim input tax.
- ✓Bills in INR
Priced in rupees, so there is no forex conversion or card markup on top.
- ✓India HQ
India-headquartered, so support, timezone, and context are local.
Compare Cashfree Payments
How it stacks up on what we verified, the tools buyers weigh it against, and where it appears in our guides.
How Cashfree Payments compares
Against the 8 other payment gateway tools we list, from what we verified on each vendor’s own pages.
Less common among the other payment gateway tools
Recorded for Cashfree Payments and for at most a third of the 8 others we list.
- Developer API
- Instant settlements
- Video KYC
- Webhook triggers
- Credit card EMI
- Dispute management
- Ecommerce plugins
- Hosted checkout
Also in most alternatives
Recorded for at least half of the 8 others, and for Cashfree Payments.
- Payment links
- Wallet payments
- UPI autopay
This compares only the capabilities enough rival tools share for a comparison to mean anything, roughly a quarter of what we verified. The full list is under “What we verified” below, and anything absent from both is something we did not record rather than something the product lacks.
Similar tools to Cashfree Payments
Compare practical options in the same category by price, fit, and caveats.
- CCAvenueIndian businesses wanting the broadest mix of cards, wallets, netbanking and EMI optionsPaid / usage-based
- RazorpayIndian businesses accepting UPI, cards, and netbanking onlinePaid / usage-based
- Paytm Payment GatewayIndian merchants wanting the widest payment-method coverage in one integrationPaid / usage-based
Featured in our buying guides
See how Cashfree Payments stacks up against the best options for a specific kind of business.
Comparison pages
- Razorpay vs Cashfree for an Indian businessRazorpay is the safer default for Indian businesses' online payments. Cashfree wins for marketplaces and cross-border with its payouts and PA-CB licence.
- Cashfree vs PayU: India Payment Gateway ComparisonCashfree's lower headline rate and payouts versus PayU's coverage and enterprise reach.
Where Cashfree Payments fits in a workflow
These stacks show when to use this tool, what comes before it, and what should be handled manually first.
Software stack for a solo founder launching a B2B SaaS on a tight budget
Ship cheaply: version and build your code on GitLab, host on an affordable INR plan from Hostinger, bill through Cashfree if you are India-registered or Stripe if you sell globally, capture leads with Apollo and Bigin, and lean on free plans for email, support, and passwords.
15 toolsIndia
Software stack to launch a website in India
Pick one website builder that matches your skill and goal, sort domain and hosting (often bundled with the builder), add lead capture and chat, take payments through an India gateway if you sell, then wire up analytics and an SEO check.
12 toolsIndia
Software stack to run a law firm or legal team in India
Keep documents and matters in a shared workspace, sign with Aadhaar-aware eSign, research and draft on India-first legal AI, run contracts and litigation on dedicated tools, and collect fees with GST-clean books.
14 toolsIndia
What we verified about Cashfree Payments
Read from Cashfree Payments’s own pages. Each line is a finding and what it was based on, so you can check any of it yourself.
What Cashfree Payments does
Features we confirmed44
- Webhook triggers
- our research found refunds and settlements documented with webhooks
- Wallet payments
- PhonePe, Airtel Money, Jio Money and Amazon Pay are supported wallets
- Video KYC
- Video KYC does instant Aadhaar-based verification
- UPI payments
- UPI is the lead payment mode on the charges page
- UPI autopay
- our product notes recurring payments via UPI AutoPay and eNACH
- Tokenisation
- card tokenisation is part of the payments stack for saved cards
- Subscription billing
- subscription e-mandate is a distinct payment method in the terms
- Split settlements
- split settlements and vendor payouts are documented capabilities
- Payment links
- Payment Links is a named product free with the gateway
- Payment forms
- Payment Forms collects payments through custom forms at no extra cost
- One click checkout
- Checkout360 is a named one-click checkout product
- Net banking
- net banking with named banks appears in the payment mode list
- International card payments
- international Visa and Mastercard run at 2.99 percent platform fee
- Instant settlements
- instant settlements is offered as an upgrade over the default cycle
- Instant refunds
- instant refunds is listed among the gateway's advantages
- Hosted checkout
- platform fee explicitly covers hosted checkout among its services
- Enach mandates
- eNACH recurring collection is part of the platform
- Ecommerce plugins
- e-commerce plugins are listed among gateway advantages
- Dispute management
- the whole dispute ladder with response windows is published
- Developer API
- Payment, Secure ID and Payouts APIs each have public docs
- Credit card EMI
- credit card EMI is priced separately with ten named bank partners
- Card payments
- Visa, Mastercard, Maestro and Amex are accepted card networks
- Cardless EMI
- cardless EMI is supported through CASHe, Snapmint, ZestMoney and others
- Aadhaar verification
- Video KYC is explicitly Aadhaar-based on the product menu
- Batch refunds
- our research found batch refunds documented with APIs and webhooks
- Debit card EMI
- HDFC debit card EMI carries its own 1.50 percent platform fee
- Dev studio sandbox
- Dev Studio and a test environment let you try integration before going live
- Embedded payments
- embedded payments lets platforms offer native payments via APIs
- Fraud detection
- RiskShield prevents fraud using ML-based anomaly detection
- KYC verification
- Secure ID automates KYC onboarding and fraud monitoring
- Merchant dashboard
- an easy to use dashboard is listed among gateway advantages
- Multi currency collection
- accepts INR plus 140 or more foreign currencies
- One click onboarding
- 1-Click Onboarding is a named identity product
- Pay later bnpl
- LazyPay and Simpl pay-later instruments are separately priced
- Payment gateway
- core product collects online payments on your website or app
- Reconciliation reports
- generation of reports is named as covered by the platform fee
- Rupay support
- RuPay including UPI on credit card is a listed payment mode
- Sdks and plugins
- plugins and SDKs are named as covered by the platform fee
- Softpos
- softPOS is one of three products bundled free with the gateway
- UPI collect
- FAQ names UPI collect among supported UPI integration styles
- UPI intent
- UPI intent is listed as a supported checkout flow
- UPI qr code
- UPI QR code is one of the named UPI integration options
- UPI WhatsApp link
- FAQ lists UPI WhatsApp link as an integration option
- Virtual account collections
- virtual account IMPS, NEFT and RTGS payments carry a ₹20 platform fee
What people use it for6
- Verify customer identity
- Secure ID and Video KYC onboard and verify customers
- Sell internationally
- international payments collect from India or from the world
- Reduce COD and RTO
- e-commerce segment pitches tools to reduce COD reliance and RTO losses
- Collect recurring subscriptions
- SaaS segment targets recurring revenue and failed renewal reduction
- Accept online payments
- UPI acceptance with multiple flows is the headline India capability
- Accept in store payments
- softPOS turns a phone into an in-store acceptance device
Works with10
- Shopify
- a dedicated Shopify payment gateway integration page exists
- Phonepe
- PhonePe appears among accepted payment apps
- Paytm
- our payouts research confirms Paytm wallet is a supported rail
- Paypal
- an existing PayPal business account can be connected free of Cashfree charges
- Juspay
- pricing page announces Cashfree is now live on Juspay
- Amazon pay
- Amazon Pay is a supported wallet payment mode
- Lazypay
- LazyPay is a named pay-later instrument on the rate card
- Simpl
- Simpl Pay is listed among cardless EMI and pay-later options
- Snapmint
- Snapmint appears in the cardless EMI partner list
- Zestmoney
- Zest Money is a named cardless EMI partner
Terms, compliance and how you buy34
- Self serve signup
- sign up for free with paperless same-day onboarding is advertised
- RBI licensed payment aggregator
- holds RBI Payment Aggregator authorisation per our research
- No setup fee
- FAQ states you pay zero setup fees with Cashfree
- No annual maintenance charge
- our verified pricing note records no AMC on standard pricing
- KYC required
- the offer requires sign-up, KYC approval and account activation
- GST extra
- GST at 18 percent is deducted from settlements on top of platform fees
- Affiliate program
- an affiliate programme pays commissions for referrals
- Amex priced higher
- American Express carries a 2.95 percent platform fee versus 1.95 domestic
- Credit card mix disqualification
- offer withdrawn if credit cards exceed 60 percent of processed GMV
- Custom pricing for high volume
- customised charges are offered for high AOV or micro-transaction businesses
- D2C oriented
- e-commerce and D2C is the first named segment with RTO and COD tooling
- Dedicated account manager for GST registered
- offer terms assign an account manager to GST-registered businesses
- Developer friendly
- developer friendly integration kits are listed among advantages
- Enterprise quote only
- the enterprise tier shows custom pricing behind contact sales
- India built
- operated by Cashfree Payments India Private Limited from Bengaluru
- INR pricing
- all rates are quoted as percentages of rupee transactions
- Instant settlement gated
- instant settlement needs an eligibility check through a support form
- Mcc exclusions
- schools, correspondence schools and transit MCCs are excluded from the offer
- No nre account settlement
- settlements to NRE bank accounts are not possible
- One offer per pan
- the offer can be availed only once per PAN or bank account
- Pa cb licensed
- holds the RBI Payment Aggregator Cross Border licence
- Paperless onboarding
- paperless and same day onboarding is listed among advantages
- Per transaction pricing only
- there is no monthly subscription, only a per-transaction platform fee
- Ppi licensed
- holds a Prepaid Payment Instrument licence from RBI
- Premium support costs amc
- priority support and 30-minute response sit behind an annual maintenance charge
- Pricing page blocks bots
- our research found the pricing page returns 403 outside a full browser session
- Promotional rate with conditions
- the festive zero-fee offer has eligibility, GMV and mix conditions
- Refund only after settlement
- the refund button appears only on already-settled transactions
- Reseller referred merchants excluded
- merchants referred through partners or resellers cannot use the offer
- Settlement t plus 2 default
- our research found the default settlement cycle is T+2 bank working days
- Slow refund turnaround
- refunds take 7 to 10 business days to reach the customer
- Used by large indian brands
- Acko, BigBasket, Swiggy, Nykaa, CRED and Meesho are cited customers
- WhatsApp support for enterprise
- enterprise pricing adds support over WhatsApp alongside other channels
- Zero fee gmv cap
- the offer waives fees only on the first ₹20 lakh of GMV
Source trail
Pricing and free-plan claims can change. FindThatSoftware keeps source URLs visible so users can verify before buying.
- Cashfree help center: pricing, festive offer terms, GST e-invoicinghttps://www.cashfree.com/docs/help/account/pricing
- Cashfree payment gateway charges page (pricing, promo rate, eligibility)https://www.cashfree.com/payment-gateway-charges/
- Cashfree disputes overviewhttps://www.cashfree.com/docs/payments/manage/disputes/overview
- Cashfree official homepage (products, capabilities, customers)https://www.cashfree.com/
- Cashfree refund helphttps://www.cashfree.com/docs/help/end-customer/refunds
- Cashfree settlements helphttps://www.cashfree.com/docs/help/payments/settlements/settlements
- Cashfree about page with RBI authorisation certificateshttps://www.cashfree.com/about-us/
- Cashfree (official site)https://www.cashfree.com/
- Cashfree privacy policy (legal entity, CIN)https://www.cashfree.com/privacypolicy/
Verified against the sources above. How we research & rate software →
Cashfree Payments questions
Does Cashfree Payments give a GST invoice in India?
- Cashfree Payments issues an India GST invoice, so a GST-registered business can claim input tax credit on it directly.
Is Cashfree Payments good for Indian small businesses?
- It suits Indian e-commerce and D2C brands collecting payments online through a website, app or Shopify store. It bills in rupees and issues a GST invoice, so a registered business claims the GST back. It is not the right pick for businesses registered outside India, since onboarding requires an Indian registered business and Indian KYC.
Does Cashfree Payments have a free plan?
- Cashfree Payments does not list a permanent free plan in FindThatSoftware data. Check the official pricing page for trial terms and current offers.
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