Payments

Razorpay

India's largest payment gateway — processes UPI, cards, wallets, net banking, EMI for online merchants.

Razorpay launched in 2014 and processes ~30% of India's online payment volume. Pricing: 2% per transaction for cards/UPI/wallets (negotiable above ₹50L/month), with discounted rates for select categories (education, NGO, govt).

Products: Payment Gateway (checkout), Payment Pages (link-based), RazorpayX (banking + payouts), Razorpay Payroll, Razorpay Capital (loans). Most Indian SMBs use Payment Gateway + Payment Pages.

Integration: REST API + JS SDK for web, Android/iOS SDKs, plugins for Shopify, WooCommerce, Wix, Magento. WhatsApp Pay integration through Razorpay accelerated payment-link adoption among service businesses.

India context

Razorpay is the default Indian D2C choice. Cashfree and PayU are alternatives but most ecommerce platforms (Shopify India) default to Razorpay. WhatsApp + Razorpay = the dominant payment-by-message flow for Indian service businesses.

Examples

  • A salon sends payment link via WhatsApp using Razorpay → customer pays UPI → confirmation auto-syncs.
  • A D2C ecom uses Razorpay Checkout for online orders → 2% transaction fee + UPI QR for in-store.

FAQ

What's Razorpay's transaction fee?

2% standard. Negotiable to 1.5-1.7% above ₹50L/month volume. Cards have higher fees (~2.5% for international cards).

How long does Razorpay payout take?

T+1 (next working day) by default. T+0 (same-day) available on RazorpayX. Settlements daily.

What's the difference between Razorpay and PayU?

Largely similar. Razorpay has stronger developer ecosystem + product breadth. PayU has historical strength in higher-ticket transactions.

Related concepts

UPICashfreePayUPhonePepayment gateway

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Related glossary entries

UPI — Unified Payments Interface — India's instant interbank payment system, the default payment method for Indian SMBs.UPI AutoPay — UPI's recurring debit feature — enables auto-charge for subscriptions, EMIs, and rentals up to ₹15,000 per month per mandate (₹1L for some categories).

More in Payments

UPIUPI AutoPay
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