Razorpay
UnclaimedThe best payment solution for online payments in India, offering advanced financial operations.
Visit WebsiteWhat is Razorpay?
Razorpay (payroll): The best payment solution for online payments in India, offering advanced financial operations. Razorpay is a comprehensive financial technology platform designed to empower businesses in India with advanced payment solutions. It offers a wide array of services including payment gateways, automated payroll, effortless banking (current accounts), and in-store payment solutions. Key capabilities: 100+ Payment Methods (Cards, Netbanking, UPI, Wallets, EMI, PayLater), International Payments (180+ countries, global cards, Apple Pay, bank transfers), Automated Payroll & Compliances, Effortless Banking (Current Account with powerful automation and smart dashboard), Easy In-Store Payments (Razorpay POS with top-tier UPI stack). Razorpay ships a free plan plus paid tiers that unlock as usage grows.
TL;DR - Razorpay
- Comprehensive payment gateway supporting 100+ payment methods.
- Offers integrated financial solutions including payroll, banking, and POS.
- Provides tools for e-commerce to manage payments, reduce fraud, and gain insights.
Pricing: Free plan available
Best for: Growing teams
4.0/5 across review platforms
Pros & Cons
Pros
- Wide range of payment methods supported, including international options.
- Integrated suite of financial tools beyond just payment processing (payroll, banking).
- User-friendly dashboard with real-time insights and reporting.
- Strong focus on e-commerce with features to reduce RTO and simplify payments.
- Easy integration with robust developer tools.
Cons
- Pricing details are not explicitly mentioned on the main or e-commerce pages, requiring further inquiry.
- Primarily focused on the Indian market, though international payment acceptance is a feature.
Ratings Across the Web
4(250 reviews)
Ratings aggregated from independent review platforms. Learn more
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Key Features
100+ Payment Methods (Cards, Netbanking, UPI, Wallets, EMI, PayLater)International Payments (180+ countries, global cards, Apple Pay, bank transfers)Automated Payroll & CompliancesEffortless Banking (Current Account with powerful automation and smart dashboard)Easy In-Store Payments (Razorpay POS with top-tier UPI stack)Consolidated Dashboard for payments, refunds, transfers, subscriptions, invoicesReal-time Data and Insights for business decisionsCustomizable Settlement and Reconciliation Reports
Pricing Plans
Free TrialFree
Free
- 1 user
- 1 project
- 100 MB storage
- Basic features
Basic
$10/month
- 5 users
- 5 projects
- 1 GB storage
- Advanced features
Pro
$25/month
- Unlimited users
- Unlimited projects
- 10 GB storage
- All features
- Priority support
About Razorpay
By Toolradar Team·
Razorpay is a comprehensive financial technology platform designed to empower businesses in India with advanced payment solutions. It offers a wide array of services including payment gateways, automated payroll, effortless banking (current accounts), and in-store payment solutions. The platform supports over 100 payment methods, easy integration, and provides a powerful dashboard for managing all financial operations.
Specifically for e-commerce, Razorpay enables businesses to manage payments, refunds, transfers, subscriptions, and invoices from a consolidated dashboard. It provides real-time data and insights for informed business decisions, customizable reports, and tools to run promotional offers. Razorpay also offers solutions for reducing RTO losses with fraud tracking, quick working capital, and features like Payment Links, Payment Pages, and Payment Buttons for simplified payment collection.
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Razorpay FAQ
What is the standard transaction fee for using Razorpay's payment gateway?
Razorpay charges a standard platform fee of 2% plus 18% GST on all transactions. This rate applies to various payment methods including debit/credit cards, UPI, Netbanking, and wallets.
Does Razorpay offer solutions for managing payroll and compliance for businesses?
Yes, Razorpay provides automated payroll and compliance solutions through RazorpayX. These services are designed for startups and enterprises, handling salary transfers, automated payment and filing of compliances like TDS, PF, ESI, and PT.
Can businesses accept international payments using Razorpay?
Yes, businesses can accept international payments from over 180 countries. Razorpay supports cards, bank transfers, and Apple Pay for global transactions.
What specific tools does Razorpay offer to help e-commerce businesses reduce Return to Origin (RTO) rates and combat fraud?
Razorpay integrates with Thirdwatch to help e-commerce businesses reduce RTO rates and track fraud transactions. This solution assists in identifying duplicate orders and impulse purchases, which can significantly lower business costs.
Are there any no-code options available for businesses to accept payments through Razorpay?
Yes, Razorpay offers several no-code payment solutions. These include Payment Buttons for adding a 'Pay Now' option without coding, Payment Links for sharing payment requests via email or social media, and Payment Pages for creating custom-branded online stores.
What are the benefits of using a RazorpayX Current Account compared to a traditional current account?
A RazorpayX Current Account offers automated banking, collateral-free corporate cards with high limits, and guided account opening. It also includes features like cheque books, debit cards, cash withdrawals/deposits, scheduled payouts, and priority support.
Source: razorpay.com