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
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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.

Frequently Asked Questions

Is Razorpay free? There is no monthly fee. Razorpay charges 2% per transaction on the standard plan, with no setup cost. Custom pricing is available for high-volume businesses. You only pay when you process payments.

Razorpay vs Stripe? Razorpay is better for India-only businesses with superior UPI support and lower domestic fees. Stripe is better for international payments, developer experience, and API quality. Many businesses use both: Razorpay for INR, Stripe for international transactions.

Does Razorpay work for subscription billing? Yes. Razorpay supports recurring payments with UPI AutoPay, card subscriptions, and emandate. The subscription billing handles plan management, retry logic, and customer portals for Indian payment methods.

How long does Razorpay setup take? Account creation takes minutes, but KYC verification and activation can take 2-5 business days. Once activated, integrating Payment Links or checkout takes a few hours. Full API integration with webhooks takes 1-2 days.

Can triggerAll help me implement Razorpay? Yes. We build automated payment workflows with Razorpay including CRM updates, WhatsApp receipts, and subscription management via n8n. Book a free discovery call and we’ll assess how Razorpay fits into your automation stack.

  • Stripe - International payment processing with a developer-first API
  • Shopify - E-commerce platform with Razorpay payment integration
  • WATI - Send automated WhatsApp payment receipts and reminders
  • n8n - Workflow automation for payment event processing

Need help implementing Razorpay? Book a free discovery call and we’ll assess how Razorpay fits into your automation stack.