Razorpay
India's leading payment gateway, at 2% + GST on standard domestic payments with 0% MDR on UPI (platform fee applies).
- No setup fee
- Per transaction
- Cloud API
- India
- Independent sources
- Verified 11 Nov 2026Sources are dated on this profile
- 1 sourceLinked, typed and dated
- Independent third-party sourcesHow this profile was compiled
- Not an endorsementStack18 has not tested this product
What is Razorpay?
Razorpay is an Indian payments platform for online payments, UPI, subscriptions, payouts and business banking.
- Best forIndian businesses collecting online payments
- Team size fitSmall teams, Mid-size teams, Large enterprises
- Pricing2% + GST on domestic cards, net banking and wallets; UPI 0% MDR with a platform fee; custom pricing above INR 5 lakh a month.
- Main limitationUPI platform fee still applies.
- AlternativesCashfree Payments, PayU, Stripe · compare all
Razorpay overview: who it is for and what it does.
Razorpay supports cards, UPI, net banking, wallets, subscriptions and payouts for Indian businesses.
A 2026 comparison lists the standard plan at 2% + GST for domestic cards, net banking and wallets, UPI at 0% MDR but with a platform fee, no setup or annual fee, a 0% offer for the first 90 days for new accounts and custom pricing above INR 5 lakh a month.
It cites a third-party source that activation takes 2 to 3 days.
Main problem it solves
Lets Indian businesses accept every popular payment method.
Typical customer segment
Startups to enterprises in India.
Target users
- Indian D2C brands
- SaaS companies
- Marketplaces
Primary use cases
- Online payments
- UPI
- Subscriptions
- Payouts
What makes it distinct
- UPI support.
- No setup fee.
- Introductory offers.
Razorpay features explained.
Fees
- Standard
- 2% + GST.
- UPI
- 0% MDR + platform fee.
- Custom
- Above INR 5 lakh a month.
Terms
- Setup / annual fee
- None.
- New accounts
- 0% for 90 days.
- Activation
- 2-3 days (reported).
Products
- Payment links
- Available.
- Subscriptions
- Available.
- Payouts
- Available.
Razorpay pricing and plans.
Figures reported by independent sources; vendor page not reviewed directly. Checked 11 Nov 2026 against eChai Ventures.
Pricing model
Per-transaction fee plus GST.
Free plan
No monthly fee
Free trial
Not applicable
Razorpay plans and prices (USD)
Standard
2% + GST per transaction
Pay as you go
Cards, net banking, wallets.
Custom
Negotiated
Pay as you go
Above INR 5 lakh a month.
eChai Ventures (2026).
Prices change. Confirm current plans and terms on the vendor's site before you decide.
Visit official website (external) ↗See alternativesRazorpay integrations, API and platforms.
Important integrations
- Shopify
- WooCommerce
- Zoho
- Tally
Supported platforms
- Web
- API
API
Developer APIs available; specifics not reviewed.
Data import and export
Not reviewed for this profile.
Integration coverage was not assessed in full. Check Razorpay's integrations directory and documentation for your tools.
Razorpay pros and cons.
Strengths, limitations and best fit. Each point cites a source; editorial summaries are not customer reviews.
Best for
- Indian businesses collecting online payments
- D2C brands
- SaaS startups in India
May be less suited to
- Businesses outside India
- Merchants needing tax handled
Top Razorpay alternatives and competitors.
Cashfree Payments
An Indian payment gateway with a 1.95% standard rate, 0% on UPI and RuPay, and 0% on the first INR 20…
Explore →Related productPayU
A payment gateway strong in India, at 2% for domestic payments and 3% for Amex, Diners, EMI and…
Explore →Related productStripe
The developer-first payments platform: 2.9% + 30 cents for US online cards with no monthly fee, plus…
Explore →Razorpay compared with similar payment gateways and processors.
Summaries come from each profile. This is a side-by-side aid, not a ranking.
| Product | Pricing model | Card fee from | Monthly fee | Merchant of record | Best for |
|---|---|---|---|---|---|
| Razorpay | Flat rate (INR) | 2% + GST | None | No | India |
| Adyen | Interchange++ | ~0.60% + ~11c markup | EUR 120 minimum | No | Enterprise |
| Braintree | Flat rate | 2.89% + 29c | None | No | Cards + PayPal |
| Cashfree Payments | Flat rate (INR) | 1.95% | AMC reported | No | India, low rate |
| Checkout.com | Sales-led | ~2.90% + 20c (reported) | Not published | No | Multi-region enterprise |
| Mollie | Per method | Varies; Bancontact ~1.4% + EUR 0.25 | None stated | No | European SMBs |
Razorpay vs competitors: head-to-head comparisons.
Each comparison has a feature table, pricing side by side, strengths and limits, and best-fit scenarios.
Paytm Payment Gateway vs Razorpay
Paytm Payment Gateway and Razorpay are Indian payment gateways. Paytm is strong with existing Paytm users and…
Explore →ComparisonPhonePe Payment Gateway vs Razorpay
PhonePe Payment Gateway and Razorpay are Indian online payment gateways.
Explore →ComparisonCCAvenue vs Razorpay
CCAvenue and Razorpay are major Indian payment gateways. CCAvenue, from Infibeam Avenues, is known for many…
Explore →ComparisonInstamojo vs Razorpay
Instamojo and Razorpay are Indian online payment providers. Instamojo focuses on payment links and simple…
Explore →ComparisonRazorpay vs Cashfree Payments
Razorpay vs Cashfree Payments (2026): pricing, free plans, features and best fit compared from dated sources.…
Compare →ComparisonRazorpay vs PayU
Razorpay vs PayU in 2026: pricing, free plans, features, strengths and best fit compared from dated sources.…
Compare →Razorpay discussions and buying questions.
No published discussions mention this product yet.
Razorpay questions and answers
What is Razorpay used for?
Razorpay is an Indian payments platform for online payments, UPI, subscriptions, payouts and business banking. Typical uses include online payments, uPI, subscriptions, payouts.
What are Razorpay's charges?
2% + GST on standard domestic payments; UPI has 0% MDR but a platform fee, per a 2026 comparison.
Does Razorpay charge a setup fee?
No.
Can I negotiate Razorpay rates?
Custom pricing is available above INR 5 lakh a month.
How does Razorpay compare with its competitors?
Stack18 publishes head-to-head comparisons of Razorpay vs Cashfree Payments and Razorpay vs PayU, each with a feature table, pricing and best-fit scenarios.
What are the main alternatives to Razorpay?
The main alternatives to Razorpay covered on Stack18 are Cashfree Payments, PayU and Stripe. Cashfree Payments may suit Indian businesses wanting the lowest headline rate. PayU may suit Indian merchants with EMI-heavy, high-ticket baskets. Stripe may suit developers and online businesses building custom payment flows. See the Razorpay alternatives guide for a side-by-side table.
What are the pros and cons of Razorpay?
Strengths: No setup or annual fee. 0% MDR on UPI. Limitations: UPI platform fee still applies. Intro offer is temporary.
Who is Razorpay best for?
Razorpay may suit Indian businesses collecting online payments; D2C brands; SaaS startups in India. It may be less suited to businesses outside India; merchants needing tax handled.
What integrations does Razorpay support?
Documented integrations and ecosystem items include Shopify, WooCommerce, Zoho, Tally. API: Developer APIs available; specifics not reviewed.
When was the Razorpay profile last verified?
Sources for this profile were last reviewed on 11 Nov 2026. 1 source is listed under Sources, and prices and plans can change, so confirm with the vendor.
Where this information comes from.
- Which payment gateway for Indian D2C: Razorpay, Cashfree or PayU (2026) eChai Ventures Third-party Accessed 11 Nov 2026
Secondary-source profile. Vendor pages were not reviewed directly for this profile. Facts and prices are taken from independent third-party sources and may differ from the vendor's current pages. Confirm with the vendor before buying.
Facts come from eChai Ventures (2026). Capabilities were not tested.
Stack18 has not tested this product or received anything from the vendor for this profile. Editorial summaries of vendor information are not endorsements. Confirm details with the vendor before buying.
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