Razorpay - Payment Processing and Business Banking
Razorpay helps small and medium businesses in India accept and disburse payments. It may be useful for teams that need to combine payment gateway services with business banking and payroll.
At a glance
- Best for
- Small Businesses, Mid-Market Companies, Enterprise Companies, Freelancers, SaaS companies
- Pricing
- Domestic card transactions are priced between 2.49% and 2.9% + 30¢ per transaction. Custom enterprise pricing is available.
- Key use cases
- E-commerce Payment Collection, Payroll Management, Freelance Billing, Vendor Payouts
- Integrations
- WooCommerce, Magento, Shopify, WordPress, Zoho Books
- Official website
- Visit Razorpay official website
Razorpay is a financial platform designed for businesses operating in India. It provides a suite of tools for accepting payments via a gateway, payment links, and in-store POS systems, alongside business banking services through RazorpayX.
The platform supports a range of users, including freelancers, small businesses, mid-market, and enterprise companies. It supports over 100 payment methods, including UPI, netbanking, and various card networks.
Beyond payment collection, the software supports payroll automation, current accounts, and corporate credit cards. It also includes AI-powered features for native payment flows and operational delegation.
Buyers should confirm if their specific business registration and documentation meet the requirements for onboarding, as the platform currently supports businesses registered in India.
Key Features
Payment Gateway
Supports online payments via credit cards, debit cards, netbanking, and UPI.
RazorpayX Banking Suite
Includes business current accounts, payouts, and payroll automation tools.
Payment Links and Pages
Supports collecting payments via shareable links or branded pages without requiring coding.
Razorpay POS
Designed for accepting payments for in-store, offline transactions.
International Payments
Supports accepting payments from overseas banks and managing cross-border transfers.
Agentic Payments
AI-powered tools for AI-native payment flows and delegating operational work.
Use Cases
E-commerce Payment Collection
Integrating a checkout experience to accept domestic and international card payments and UPI.
Payroll Management
Using RazorpayX to support employee salaries and compliance tasks.
Freelance Billing
Creating payment links or branded pages to collect fees from clients without a full website.
Vendor Payouts
Executing payouts to partners or vendors through the banking suite.
Best For
- Small Businesses
- Mid-Market Companies
- Enterprise Companies
- Freelancers
- SaaS companies
- E-commerce businesses
Integrations
- WooCommerce
- Magento
- Shopify
- WordPress
- Zoho Books
- Zoho Invoice
- Intuit QuickBooks
Pricing
Domestic card transactions are priced between 2.49% and 2.9% + 30¢ per transaction. Custom enterprise pricing is available.
FAQ
Who can use Razorpay?
- Razorpay currently supports businesses that are registered in India.
What payment methods does Razorpay support?
- It supports over 100 methods, including Credit/Debit cards, UPI, Net Banking, and digital wallets.
What is the difference between Razorpay and RazorpayX?
- Razorpay is used for accepting payments from customers, while RazorpayX is a banking suite for payouts, current accounts, and payroll automation.
Source category: Finance & Accounting
Source subcategory: Payment Processing
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Categories
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How AI is used
Razorpay is a payment and banking platform for Indian businesses that supports online, offline, and international transactions. It provides tools for payment acceptance, payroll automation, and AI-driven payment flows. It is designed for businesses registered in India.
Pros & Cons
Pros
- Supports over 100 payment methods.
- Offers both no-code and developer-friendly API integration options.
- Combines payment processing with banking and payroll in one platform.
Cons
- Currently only supports businesses registered in India.
- Additional charges apply for instant settlements.
- International transactions and certain card networks carry higher fees.
