Razorpay
India's leading payment gateway
Razorpay is India's leading full-stack financial solutions company, offering payment gateway, banking, and business banking solutions. Razorpay enables businesses to accept, process, and disburse payments with its product suite. It supports 100+ payment methods including credit cards, debit cards, UPI, wallets, and net banking. Trusted by over 8 million businesses in India.
At a glance
Implementation Fit
Deep dive
Razorpay fees, settlement, and best-fit use cases
Typical fees by method
| Method / flow | Typical fee | Notes |
|---|---|---|
| Cards / netbanking / wallets (standard) | ~2% + INR 2 | Published list rate for Indian merchants on the standard plan |
| UPI | 0% (list) | UPI currently carries no MDR for most merchants; verify current rules |
| EMI and pay-later | ~2%-3% | Additional processing varies by issuer and tenure |
| International cards | ~3% + INR 3 | Applies when the issuing bank is outside India |
| GST | 18% on fees | Indian GST applies on top of transaction fees |
Published list rates; confirm current pricing with the provider for your markets and volume.
Settlement and payouts
- Standard settlement to Indian bank accounts is commonly T+2 business days from capture.
- Razorpay offers faster settlement add-ons (same-day or instant) on eligible accounts for an extra fee or balance requirement.
- Payouts are INR-only; the product is built around India-registered businesses, so cross-border merchants need a separate international solution.
- Refunds reverse to the original method and can take several days to reflect on the shopper's instrument.
When Razorpay is the right choice
India-first startups and SMBs
UPI, cards, netbanking, and wallets behind one integration with fast onboarding makes Razorpay the default first PSP for many Indian digital businesses.
SaaS and subscription billing in India
Recurring mandates on UPI e-mandates and cards, coupled with Razorpay's billing suite, cover most Indian subscription needs.
Not the right fit for global-first merchants
If most revenue comes from outside India, a global PSP - or Razorpay plus a second provider - handles multicurrency pricing, local methods, and settlements better than a single Razorpay account.
Can overseas companies use Razorpay?
Razorpay primarily serves businesses registered in India with an Indian bank account. Some international offerings exist, but foreign entities usually pair a global PSP with Razorpay for India-specific acceptance.
Is UPI really free on Razorpay?
At the time of writing Razorpay lists 0% fees on UPI for standard merchants, reflecting the zero-MDR policy on UPI. Check current terms, as rules and plan tiers change.
Razorpay vs Cashfree vs PayU - how do I choose?
All three cover UPI, cards, and netbanking with similar list rates. Differentiators are settlement speed options, subscription tooling, support quality, and approval odds for your category - pilot two before committing.
Developers
Integration surface
Everything a technical team usually needs to evaluate implementation effort.
Business
Commercial model and operating profile
A clearer breakdown of pricing structure, settlement, and currency support.
Pricing Model
percentage
2%
Settlement Time
T+2 to T+7 days
Pricing Details
2% per transaction for domestic payments. International cards have higher fees. No setup fees or annual maintenance charges.
Supported Currencies
Capabilities
Core product features
Key merchant-facing functions that usually matter during provider comparison.
Acceptance
Supported payment methods
A scannable view of cards, wallets, local methods, and alternative rails supported by this provider.