Razorpay – Indian Payments Giant
Razorpay: The Indian Fintech Unicorn
Free Installation
Installation Duration : 10 to 12 Business Days
What is Razorpay
Razorpay is a payment solution platform that allows you to accept, process, and perform various other functions on a single platform. It gives you access to all payment modes for better flexibility, including credit cards, debit cards, UPI, and an extensive collection of mobile wallets.
To ensure top-notch performance to its clients, Razorpay is backed by industry bigshots like Sequoia, Ribbit Capital, Tiger Global, Matrix, Y Combinator, and more.
Being developed in India, Razorpay supports UPI, Bharat QR. It also supports credit and debit card options like Visa, Master Card, Rupay, Maestro, American Express, and more. You can also find 50+ Net Banking options, including State Bank of India, ICICI Bank, HDFC Bank, Canara Bank, etc. The best part is the inclusion of an extensive range of mobile wallets like Phonepe, Freecharge, Ola Money, and more.
Why use Razorpay?
With time Razorpay has integrated more valuable features to make payments easy for a company or marketplace. Here are a few notable features:
- With Razorpay, you can activate your payment Gateway within 2 minutes and start the transactions.
- Razorpay saves you from the hassle of lengthy documentation. It offers online onboarding with minimum documentation.
- Razorpay gives access to an external dashboard that provides real-time data and insights into your e-learning website as a business owner.
- Suppose you provide subscription-based services in your tutoring marketplace. In that case, Razorpay allows you to handle recurring payments which are entirely automated.
- Automatically splits the payments between different vendors without letting you do any calculations.
- Razorpay works with 92 currencies, including USD, EUR, GBP, SGD, AED.
Best suited for
Being developed in India, Razorpay is known for integrating all of the significant Indian payment apps and banks like State Bank of India, ICICI Bank, HDFC Bank, Canara Bank, etc. So for Indian payments, Razorpay can be considered ideal. Also, suppose you want to set your payment gateway quickly and move onboard. In that case, Razorpay is a perfect option as it takes minimum documentation.
Frequently Asked Questions
What are the charges involved?
Razorpay takes a 2% cut per successful transaction, and a 1% for every successful international transfer. Click here for all additional details.
What are the international currencies that I can accept?
Razorpay works with 92 currencies, including USD, EUR, GBP, SGD, AED. It also supports major international cards.
Where can I check the demo?
You can check the demo here
What are the documents required for getting onboard?
Here is the list of documents required,
- One Business proof
- Company PAN
- Bank Account statement
- Address proof
What are the payment options given?
Razorpay offers credit and debit card options like Visa, Master Card, Rupay, Maestro, American Express, and more. You can also find 50+ Net Banking options, including State Bank of India, ICICI Bank, HDFC Bank, Canara Bank, etc. There are also some popular Indian wallet options available like Phonepe, Freecharge, Ola Money, and more.
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