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Payments & Billing
Razorpay
India-first payment gateway for accepting online payments, UPI, payment links, and subscriptions.
FindThatSoftware verdictEditorial ruling
A practical default for Indian businesses that need to accept online payments quickly, including UPI and payment links with no website. Confirm current transaction fees and settlement terms on the official pricing page, as rates vary by method and plan.
FindThatSoftware has source-checked this listing and keeps 2 public sources visible for buyer verification.
Should you use Razorpay?
Use it if indian businesses accepting UPI, cards, and netbanking online. Avoid it if businesses needing payments outside India as the primary market.
Spec sheet
- Starting price
- Paid / usage-based
- Free plan
- Not available
- Free trial
- Not listed
- Status
- Source checked 14 Jul 2026
- Source trail
- 2 public sources
Work at Razorpay?
Claim this listing to verify your details, correct pricing, and reach Indian buyers comparing tools right now.
Claim this listing →In short
Razorpay is a online payment gateways and billing tools for Indian buyers. It issues an India GST invoice, so you can claim input credit. FindThatSoftware rates it best for indian businesses accepting UPI, cards, and netbanking online, and a poor fit if businesses needing payments outside India as the primary market.
The trade-off, weighed
What you gain, and what you give up.
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
True India price
What actually changes for a buyer in India.
- Watch for
- 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).
India readiness
How well Razorpay 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.
How Razorpay compares
Against the 8 other payment gateway toolswe list, from what we verified on each vendor’s own pages.
Less common among the other payment gateway tools
Recorded for Razorpay and for at most a third of the 8 others we list.
- Loyalty and rewards
- Qr code payments
- Recurring billing
- One click checkout
- Tap to pay
- Card payments
- EMI payments
- Enach mandates
Also in most alternatives
Recorded for at least half of the 8 others, and for Razorpay.
- 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.
Paying for more than Razorpay? See your whole stack's real India cost and where you could switch to save.
Audit my stackOverview
What is Razorpay?
Razorpay is a widely used Indian payments platform offering a payment gateway, payment links, subscriptions, and payouts. It supports UPI, cards, netbanking, and wallets, making it a common default for Indian businesses collecting online payments.
Best for
- Indian businesses accepting UPI, cards, and netbanking online
- Teams needing payment links without building a checkout
Who should avoid it
- Businesses needing payments outside India as the primary market
- Buyers who want a free, no-transaction-fee option
What Razorpay does
What we verified about Razorpay
Read from Razorpay’s own pages. Each line is a finding and what it was based on, so you can check any of it yourself.
Features we confirmed51
- Wallet payments
- Product JSON lists wallets alongside cards, UPI and netbanking
- UPI autopay mandates
- UPI Autopay collects recurring UPI debits after a Rs 1 registration mandate
- Tap to pay
- POS accepts swipe, chip and tap card presentations
- Recurring billing
- Subscriptions product automates recurring billing across payment methods
- Qr code payments
- QR Code product supports static countertop QR and per-transaction dynamic QR
- Payment links
- Payment Links product lets businesses collect payment by sharing a URL with no website
- One click checkout
- Magic Checkout pre-fills address and payment details for returning network users
- Loyalty and rewards
- Razorpay Engage runs rewards programmes, gift cards and branded wallets
- Instant refunds
- Gateway feature list includes instant refunds and chargeback management
- Enach mandates
- e-NACH product is NPCI-governed and covers 40+ banks for netbanking recurring debits
- EMI payments
- Payment gateway feature list includes EMI and Pay Later options
- Card payments
- Product JSON lists cards among the 100+ payment methods on the gateway
- AI fraud detection
- Gateway is described as PCI DSS compliant with AI-powered fraud detection
- Apple pay support
- International payments feature list names Apple Pay 1-tap checkout
- Bnpl pay later
- Vendor feature list explicitly names BNPL and Pay Later at checkout
- Bulk payment link creation
- Payment Links feature list: bulk link creation via CSV or API
- Chargeback management
- Vendor lists chargeback management as a gateway feature
- COD risk scoring
- Magic Checkout uses AI-powered COD risk scoring to reduce fraud
- Company registration service
- Razorpay Rize registers Private Limited, LLP and OPC companies for founders
- Configurable settlement hold
- Route has configurable hold logic to delay settlements by custom rules
- Dynamic qr generation
- Vendor: dynamic QR generated per transaction with a specific amount
- Embeddable payment button
- Payment Buttons: single line of code pasted into any website HTML, no backend
- Firc auto generation
- Vendor: auto-generated FIRC for RBI compliance on export receipts
- Gateway failover
- Optimizer does real-time failover, auto-retrying on an alternate gateway on failure
- Gift card issuance
- Engage feature list includes gift card issuance and redemption
- Google pay support
- International payments feature list names Google Pay 1-tap checkout
- Hosted payment pages
- Payment Pages is a no-code hosted page for one-time, recurring or donation collection
- In plan upgrades
- Vendor claims seamless in-plan upgrades without disrupting billing cycles
- Instant settlement
- Instant Settlements gives on-demand or same-day access to payment proceeds
- International card acceptance
- International Payments accepts cards from 180+ countries in 135+ currencies
- Linked account management
- Route manages linked sub-accounts via Dashboard or API
- Multi currency virtual accounts
- MoneySaver Export Account gives virtual USD ACH, GBP FPS, EUR SEPA and UAE IBAN details
- Multi gateway orchestration
- Optimizer connects 15+ payment processors through a single API integration
- Netbanking payments
- Product JSON: netbanking is one of the supported domestic payment methods
- No code routing rules
- Optimizer offers a DIY routing dashboard to build routing rules without code
- Partial payments
- Payment Links supports partial payments per the vendor feature list
- Payment API
- Optimizer, Route and Transfer APIs are all offered as programmatic interfaces
- Payment gateway hosting
- Vendor page: core product is a payment gateway for Indian businesses accepting online payments
- Physical nach support
- Subscriptions feature list includes Physical NACH alongside digital mandates
- POS terminals
- Razorpay POS sells Android smart POS and traditional card terminals
- RTO protection
- Magic Checkout advertises 100% RTO cost protection as an option
- Self healing POS hardware
- POS markets SignalHeal, SpeedHeal, PowerHeal and on-device Self-Assist diagnostics
- Smart payment routing
- Gateway feature list: smart routing and intelligent retries for higher success rates
- Split payments
- Route splits an incoming payment across multiple linked accounts automatically
- Subscription free trials
- Subscriptions feature list includes free trials and custom discount periods
- Swift bank transfers
- MoneySaver supports SWIFT, ACH, SEPA and FPS inbound bank transfers
- Unified online offline dashboard
- POS feature list: unified online plus offline payment dashboard
- UPI collection
- Razorpay pricing page lists UPI among supported instruments with 0% MDR for most transactions
- Usage based billing models
- Subscriptions supports fixed, as-presented and usage-based billing models
- Webhook events
- Subscriptions and QR products describe webhook-driven integration and confirmations
- Weekend holiday settlement
- Vendor: on-demand settlement works even on weekends and holidays
What people use it for9
- Reduce RTO losses
- Magic Checkout claims 50% reduction in return-to-origin for COD orders
- Marketplace vendor settlement
- Route is built for marketplaces splitting funds to vendor accounts
- Improve working capital
- Instant Settlements pitched at brands with high working capital needs
- Sell internationally
- MoneySaver Export Account is pitched at Indian exporters and freelancers
- Collect school fees
- e-Mandate use cases include school fees collection
- Collect donations
- Payment Pages use cases explicitly list NGOs and donations
- Collect recurring subscriptions
- Subscriptions targets SaaS platforms and digital subscription billing
- Accept online payments
- Payment Pages and Payment Links both list event registrations as a use case
- Accept in store payments
- POS use cases list retail stores, restaurants, clinics and salons
Works with15
- Zoho books
- Vendor Payments lists Zoho Books among accounting integrations
- Woocommerce
- Vendor lists WooCommerce as a supported e-commerce plugin
- Tally
- RazorpayX feature list names accounting integrations with Tally
- Shopify
- Payment gateway feature list names Shopify among 100+ platform plugins
- Phonepe
- UPI Autopay explicitly names PhonePe in its UPI app coverage
- Paytm
- UPI Autopay names Paytm among covered UPI apps
- Paypal
- Pricing note says PayPal transactions are charged at PayPal's own rates
- Nsdl
- Vendor Payments files TDS with NSDL automatically
- Magento
- Vendor lists Magento among supported platform plugins
- Google pay
- UPI Autopay covers GPay among 60+ UPI apps
- Apple pay
- International payments support Apple Pay 1-tap checkout
- Amazon us
- International payments feature list names Amazon US as a supported payer
- Deel
- Vendor lists Deel among platforms MoneySaver receives money from
- Npci UPI
- e-NACH is governed by NPCI and UPI Autopay rides NPCI rails
- Upwork
- MoneySaver Export Account listed as working with Upwork payouts
Terms, compliance and how you buy32
- Usage based pricing
- Commercial model is described as strictly pay-as-you-go with no fixed platform fee
- RBI authorised payment aggregator
- Gateway feature list states RBI-authorised Payment Aggregator status
- Pci dss certified
- Vendor lists PCI DSS compliance as a gateway feature
- No setup fee
- Pricing FAQ states setup Rs 0, maintenance Rs 0, integration support Rs 0
- No annual maintenance charge
- Vendor contrasts itself with gateways charging Rs 4,999-9,999 AMC
- Bangalore jurisdiction
- Terms require any action to be filed only in courts located in Bangalore, India
- Account suspension at discretion
- Terms allow Razorpay to terminate or close a merchant account at any time for any reason
- Developer API first
- Extensive APIs for payments, transfers, subscriptions and payouts
- Escrow held funds
- Terms describe merchant funds held in an escrow account pending settlement
- Fees deducted at source
- Fee and GST are deducted from the customer payment before settlement
- Flat 2 percent mdr
- Published standard rate is a flat 2% on all domestic transactions
- GST invoice available
- Pricing page states 18% GST applies on the 2% fee, implying an Indian tax invoice
- Higher headline rate than rivals
- Vendor's own comparison concedes rivals quote 1.6% against its 2%
- India built
- Razorpay is an Indian payments company; terms are executed by Indian entities
- India first payment coverage
- Method mix, MDR structure and compliance are built around Indian rails
- INR billed
- Fees are quoted and deducted in rupees with 18% GST added
- Instant settlement is paid add on
- Vendor says a small fee applies per instant settlement request
- KYC onboarding required
- Terms bind merchants to RBI Master Direction KYC norms before service access
- Merchant bears chargeback liability
- Terms make the merchant indemnify Razorpay and settle customer disputes directly
- No code options available
- Payment Links, Pages and Buttons all require no developer integration
- No free plan
- Every successful transaction carries the 2% fee; there is no free usage tier
- No refund fee
- Pricing FAQ says no additional fees for setup, AMC or refunds
- Platform fee on zero mdr UPI
- Vendor admits banks charge no UPI MDR yet a 2% platform/technology fee still applies
- Post termination fund withholding
- Terms allow withholding settlements for 120 days after termination to cover chargebacks
- Quote only enterprise pricing
- Custom enterprise rates for merchants processing above roughly Rs 5 lakh a month
- RBI pa cb licensed
- International Payments section states Razorpay is RBI PA-CB licensed
- Suite breadth
- One vendor spans gateway, POS, banking, payroll, lending and company registration
- Ten day invoice dispute window
- Terms: invoice disputes must be raised within ten days or the invoice is deemed accepted
- T plus one settlement
- Settlement cycle is described as typically T+1, with Instant available
- Undisclosed pricing for add ons
- Optimizer, Route, POS, Engage and UPI Autopay all say contact sales for rates
- Unilateral fee changes
- Terms: Razorpay reserves the right to update fees at its sole discretion
- Volume based rate negotiation
- Vendor notes pricing may vary by business type and volume
Compare Razorpay
Use these pages when you already know the tool name but need a plain-English decision against real alternatives.
Similar tools to Razorpay
Compare practical options in the same category by price, fit, and caveats.
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.Razorpay vs Instamojo: Which Payment Tool for India? (2026)A full payment gateway versus the fastest way for tiny sellers to get paid.Razorpay vs PayU: India Payment Gateway Comparison (2026)Two of India's most-used payment gateways compared on fees, features and developer experience.
Pricing caveat and source trail
Pricing and free-plan claims can change. FindThatSoftware keeps source URLs visible so users can verify before buying.
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).
Verified against the sources above. How we research & rate software →
In practice
Where Razorpay 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 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.
- Tools in stack
- 12
Read the record →
Software stack to build and run a SaaS startup in India
Ship on GitLab and AWS, run the team on Asana and Airtable, acquire customers with Apollo and an AI SDR, bill with Razorpay for India and Stripe for global on top of Zoho Books, and support plus measure users with Intercom, Mixpanel, and Metabase, with 1Password guarding access.
- Tools in stack
- 17
Read the record →
Software stack to build an app without code in India
Pick one no-code builder that matches your app type, keep your data in a real database layer, take payments through an INR gateway, and use an automation tool to wire it all together.
- Tools in stack
- 12
Read the record →
Does Razorpay give a GST invoice in India?
Razorpay issues an India GST invoice, so a GST-registered business can claim input tax credit on it directly.
Is Razorpay good for Indian small businesses?
Razorpay is worth evaluating for Indian buyers, but the final fit depends on pricing limits, support, integrations, and setup effort.
Does Razorpay have a free plan?
Razorpay 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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