What is Razorpay used for?

Razorpay is a payment gateway and business banking suite popular in India, covering payments, payroll and business accounts. It is a good fit for online stores selling in India, and startups paying salaries and managing a business account.

How much does Razorpay cost?

Razorpay is a paid product with no free plan. Pay-as-you-go with a 2% fee on successful payments and no setup or annual maintenance fees. High-volume merchants can get a custom proposal.

Is Razorpay open source?

No. Razorpay is proprietary (closed-source) software and can't be self-hosted. Open-source alternatives to Razorpay include Hyperswitch.

What are some alternatives to Razorpay?

Razorpay competes with Stripe, PayPal and Adyen. For open-source options, see Enlisted's ranked list of open-source Razorpay alternatives.

Razorpay: features, pricing and alternatives

About Razorpay

Razorpay is an Indian fintech company whose gateway lets businesses collect online payments through UPI, RuPay, netbanking, cards and many other methods. The vendor says it supports more than 100 payment methods, and it also lets overseas sellers receive payments from Indian buyers without setting up an Indian entity.

The product line extends beyond the gateway. Banking+ offers business current accounts, Payroll automates salary payments and compliance, Engage is a further product line, and in-store payment products cover physical shops with a UPI stack. A merchant dashboard gives an overview of activity, and a pricing page is published on the site.

Razorpay is a hosted commercial service. Merchants sign up online, integrate through the vendor's tools, and manage payments, banking and payroll from a web dashboard. It cannot be self-hosted.

Key features

Payment gateway for UPI, cards and netbanking
Support for 100+ payment methods
Settlement abroad without an Indian entity
Business current accounts
Automated payroll and compliance
In-store payment products
Merchant dashboard

Good fit for

→Online stores selling in India
→Startups paying salaries and managing a business account

Tags: payments; payment-gateway; india; upi; payroll; business-banking; fintech

Razorpay: questions and answers

What is Razorpay used for?: Razorpay is a payment gateway and business banking suite popular in India, covering payments, payroll and business accounts. It is a good fit for online stores selling in India, and startups paying salaries and managing a business account.
How much does Razorpay cost?: Razorpay is a paid product with no free plan. Pay-as-you-go with a 2% fee on successful payments and no setup or annual maintenance fees. High-volume merchants can get a custom proposal.
Is Razorpay open source?: No. Razorpay is proprietary (closed-source) software and can't be self-hosted. Open-source alternatives to Razorpay include Hyperswitch.
What are some alternatives to Razorpay?: Razorpay competes with Stripe, PayPal and Adyen. For open-source options, see Enlisted's ranked list of open-source Razorpay alternatives.