Payments 2% per transaction (standard) / Custom for high volume

Razorpay

India's leading payment gateway. Supports UPI, cards, net banking, wallets, and EMI with competitive pricing for Indian businesses.

4/5
Visit Razorpay
Share

Pros

  • Best UPI and Indian payment method support
  • Lower transaction fees than Stripe for INR
  • Payment Links for quick no-code collection
  • Built-in invoicing and subscription billing
  • Instant settlement options available

Cons

  • International payment support is weaker than Stripe
  • API documentation not as polished as Stripe
  • Dashboard can be slow with high transaction volumes
  • KYC and activation process can be lengthy

Overview

Razorpay is the default payment gateway for Indian businesses. It supports every Indian payment method - UPI, credit/debit cards, net banking, wallets (Paytm, PhonePe), and EMI options. For businesses primarily serving the Indian market, Razorpay’s local payment support and lower fees make it the practical choice.

Why Indian Businesses Choose Razorpay

UPI is how India pays. Razorpay’s UPI integration is seamless - QR codes, intent flows, and UPI AutoPay for subscriptions. Combined with lower transaction fees (2% vs Stripe’s 2% + fixed fee), the savings add up at scale.

Payment Links are a standout feature. Generate a payment link, share it via WhatsApp or email, and collect payment without any website or integration. For service businesses collecting project payments, this is the fastest path to getting paid.

Automation Opportunities

Razorpay’s webhook system supports key events:

  • Payment captured → update CRM → send WhatsApp receipt
  • Subscription charged → update access → send confirmation
  • Payment failed → trigger retry sequence → alert customer
  • Refund processed → update records → notify team

The API supports most automation needs, though the documentation isn’t as developer-friendly as Stripe’s.

Razorpay vs Stripe (for India)

  • Razorpay wins for INR-only businesses - better UPI support, lower fees, faster settlements, Payment Links
  • Stripe wins for businesses accepting international payments - better global coverage, superior API, more integrations

Many businesses use both: Razorpay for domestic (INR) transactions, Stripe for international (USD/EUR) transactions.

Best For

  • Indian businesses selling in INR
  • E-commerce stores serving the Indian market
  • Service businesses using Payment Links for invoicing
  • Subscription businesses needing UPI AutoPay

Verdict

Razorpay is the right choice for India-focused businesses. The UPI support, lower fees, and Payment Links make it genuinely useful for day-to-day payment collection. For international reach, pair it with Stripe.