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Razorpay is a platform that enables businesses to accept, process, and disburse payments.

Razorpay Review 2026: Pricing, Features, Pros & Cons

What is Razorpay?

Razorpay is a fintech startup that offers enterprises a wide range of payment and business banking solutions. This platform offers you comprehensive payroll and compliance management solutions to streamline your payment processes.

Its notable offerings include a payment gateway, payment link creation, invoices, subscriptions, Razorpay POS, international payments, and more.

The platform enables merchants to accept online payments securely on their websites and apps through Razorpay’s payment gateway, which supports multi-lingual payments.

It also allows businesses to create payment links to share on emails, social media, and texts for customers to pay without redirecting them to the website. In addition, Razorpay allows the generation of GST-compliant invoices and the tracking of payments against those invoices.

Merchants can also automate recurring payments through cards, UPI, and other methods using Razorpay’s subscription feature.

Along with payments, Razorpay offers integrated banking services like current accounts, payrolls, business loans, etc., through tie-ups with leading banks via its RazorpayX platform.

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About Razorpay
Company Name: Razorpay Software Pvt. Ltd
Est: 2014
Employees: 1001-5000
HQ: Bangalore, India
Support Offered
Email Support
Tutorial Videos & Documentation

Key Features of Razorpay

Payment Gateway
Payment Links
Generate Invoices
Subscriptions
Razorpay POS
International Payments
Current Accounts
Manage Payrolls
Smart Collect
QR Codes
Line of Credit
Payment Pages
Automated Payouts
Tax Payments
UPI Autopay
Business Loans
Developer APIs

Razorpay Pros & Cons 2026

Pros
Wide range of payment and banking options
Supports over 100 payment modes
Fast, secure, and reliable transactions
Real-time notifications and settlements
Easy to integrate APIs and plugins
24x7 multi-channel customer support
Flexible pricing based on transactions
Cons
Higher charges for international payments
Premium-priced services for large businesses
Limited offline payment acceptance

Razorpay Pricing 2026

Razorpay offers its services based on a payment's transaction volume. The payment gateway charges a fee of 1.5-2% + GST per successful transaction.

There are no setup fees or monthly subscription charges. RazorpayX banking services, like current accounts, come with monthly maintenance charges starting from Rs. 199 and other transactional charges.

Razorpay also provides a free trial and starter plans for merchants with low transaction volumes. Custom pricing is available for large enterprises.

Standard Plan - Custom
2%* Platform fee
Enterprise - Custom
Custom Pricing

Razorpay User Sentiment Analysis

Ease of Use

User Sentiment Score
92%

Features

User Sentiment Score
92%

Value For Money

User Sentiment Score
90%

Customer Support

User Sentiment Score

Razorpay Quick Comparison Table

Here is a quick comparison with some of the products that offers similar features as Razorpay.
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Razorpay FAQs

No, Razorpay is not entirely free. It charges a nominal fee per successful transaction through the payment gateway.
Razorpay supports over 100 payment modes, including all major cards, UPI, net banking, wallets, EMIs, and more.
Yes, Razorpay allows merchants to receive payments from over 200 countries globally in significant currencies.
It uses industry-standard security protocols like SSL and tokenization. Sensitive data is not stored. Razorpay secures apps and plugins.
Yes, Razorpay helps businesses create and send GST-compliant invoices and track payments against those invoices.
With Razorpay, merchants can automate recurring payments through cards, UPI, and other methods using its subscription feature.
RazorpayX is Razorpay's banking suite that offers integrated payment and banking services like current accounts, payrolls, loans, vendor payments, etc.
Razorpay provides easy-to-use APIs, plugins, and SDKs to integrate payment solutions into your website or app seamlessly.
Review Methodology

How HR Stacks reviews products

Every product on HR Stacks is reviewed using a consistent, five-part process that combines hands-on editorial analysis with real user feedback across trusted review platforms. Here's exactly how we evaluate each tool.

1. Data sources we rely on

Our research draws on verified user reviews from G2, Capterra, Trustpilot, TrustRadius, and Software Advice, combined with direct analysis of product documentation, feature sets, pricing pages, and public vendor information.

2. Hands-on editorial analysis

Each platform is evaluated across eight categories including features, pricing, ease of use, integrations, global coverage, compliance strength, support quality, and onboarding experience — the factors HR teams actually care about.

3. How we score each product

Each of the eight categories receives a score from 1 to 5, weighted by importance to produce an overall Editor's Rating. Scores reflect our own evaluation plus feedback patterns from verified user reviews — not vendor-supplied information.

4. User sentiment analysis

We analyze recurring themes across thousands of real user reviews to identify common strengths, limitations, and satisfaction patterns — surfacing the issues users actually encounter rather than the ones vendors highlight.

5. Independent and regularly updated

Our reviews are editorially independent and not influenced by vendors. We may earn an affiliate commission when readers purchase through our links, but this never affects our ratings. Every review is revisited periodically as products evolve.

Manjuri Dutta
Article By: Manjuri Dutta

Manjuri Dutta is the co-founder and Content Editor of HR Stacks, a leading HR tech and workforce management review platform, and EmployerRecords.com, specializing in Employer-of-Record services for global hiring. She brings a thoughtful and expert voice to articles designed to inform HR leaders, practitioners, and tech buyers alike.

HR Stacks offers comprehensive, data focused and unbiased solutions. We are a user supported platform and may earn a referral fee when you visit a vendor through our links

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Razorpay Alternatives

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