2015
Founded
By IIT alumni Harshil Mathur and Shashank Kumar
Report
Should I Use Razorpay?
Online Payments India: Start Accepting Payments Instantly with Razorpay's Payment Suite, which Supports Netbanking, Credit Card & Debit Cards, UPI etc.
Depends
DependsBuy if you take payments from Indian customers and want UPI, cards, netbanking, plus banking and payroll in one suite.
India's default payment suite: strong for Indian SMBs and startups; wrong pick for non-India billing.
Confidence: Medium
100+
Payment modes
UPI, cards, netbanking and more
4 days
SMB onboarding
Reported vs weeks at traditional banks
95/100
URL trust score
Gridinsoft site safety scan
Value for money
3
Vendor claims 15-30% fee cuts; no independent fee data.
Ease of use
4
Instant payment links; 4-day SMB onboarding reported.
Feature depth
5
Gateway, banking, payroll, corporate cards, capital, merchant-of-record.
Security posture
4
Responsible disclosure program, security page, RBI-backed KYC vetting.
Pros
Cons
Gotchas
- mediumFull per-transaction fee schedule not surfaced on reviewed pages; expect sales contact¹
- mediumCapital/credit financing carries 1.5% monthly interest despite no pre-closure fees¹
- mediumOnly KYC-verified merchants are onboarded; missing documents stall activation
- lowIndependent review coverage is thin; most praise comes from Razorpay's own channels
Best for
- Indian SMBs and D2C brands
- Startups scaling in India
- UPI-first checkouts
- Teams wanting payments plus banking
Not for
- Businesses billing customers outside India
- Anyone without KYC documents ready
- Cash-only or offline-first shops
- Buyers wanting fixed, published-upfront pricing
Pricing
Gateway fees
Not published in reviewed sources
- Transaction-based
- Vendor claims 15-30% fee cuts vs alternatives
Razorpay Capital credit
1.5% monthly interest
- No pre-closure fees
- Financing, not gateway processing
Security
No known public vulnerabilities found in the sources reviewed.
What users say
Independent user feedback in the sources is sparse, with a LinkedIn commenter calling it a good gateway with solid transaction options.
“Razorpay This is a good paymet gateway. Great option of online transctions. Let me tell you goo”
Alternatives
Compare Razorpay with each alternative.
Cashfree Payments
Rival Indian gateway, frequently compared on festive-season fees and payouts.
PayU
Established Indian gateway alternative in 2024 roundup comparisons.
Razorpay vs PayUStripe
Better for global billing; some users frustrated by account shutdowns.
Spreadsheet plus payment links
Tiny sellers can just share Razorpay payment links without the full suite.
Razorpay vs Spreadsheet plus payment linksFull analysis
Based on 20 public sources; many are Razorpay's own pages or its LinkedIn posts, so independent signal is limited.
Sources
- Razorpay homepagerazorpay.comofficial
- Razorpay Accept Paymentsrazorpay.comofficial
- Razorpay Responsible Disclosure Policyrazorpay.comsecurity
- Razorpay Product security pagerazorpay.comsecurity
- Gridinsoft URL trust scan (95/100)gridinsoft.comsecurity
- Razorpay Reviews - Techjockeytechjockey.comreview
- Razorpay onboards SMB in 4 days vs bankslinkedin.comnews
- Razorpay 100+ payment modes postlinkedin.comofficial
review
- Cashfree vs Razorpay festive season comparisonlinkedin.comreview
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