Razorpay

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Software Status:Active

About Razorpay

Razorpay is a payment platform from Razorpay that supports online payment processing. It provides features like netbanking, credit card and debit card payments, and UPI, so businesses can accept payments instantly. This platform is designed to cater to various industries, helping both startups and established companies manage their financial transactions efficiently. Razorpay's solutions also include automated payroll services and banking features, making it a comprehensive financial solution. Key capabilities: online payment processing automated payroll banking solutions in-store payment acceptance integration with various payment methods Best for: businesses in India that need reliable and versatile payment solutions.

Razorpay Details

Vendor

Razorpay

Year Launched

2014

Location

1st Floor, SJR Cyber, 22 Laskar Hosur Road, Adugodi, Bengaluru (Bangalore), Karnataka, 560030, India

Deployment

Training Options

demo, account manager, community

Countries Served

India, Malaysia, Singapore, United States

Languages

English, Hindi, Tamil, Telugu, Kannada, Gujarati, Bengali, Marathi, Punjabi, Malayalam, Oriya

Users

SMBs, Startups, Enterprises, Developers, Merchants, Freelancers

Industries Served

E-commerce, Education, SaaS, BFSI, Freelancers, Marketplaces

Razorpay's In-App Market Place

Does Razorpay have an in-app market place?

Yes

How many Mini-Apps in the marketplace?

Mini Apps

N/A

Pricing Options

Free trial

Free version

Request a quote

Promo Offer

Accepted Payment Currencies

USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), INR (₹)

Pros & Cons

Supports multiple payment methods including credit cards, debit cards, UPI, and wallets efficiently.
Enables businesses to set up online payment pages with custom branding for easy checkout.
Provides automated receipts for both domestic and international transactions instantly.
Includes event registration module to manage attendee payments and confirmations quickly.
Allows recurring payment collection and subscription management with minimal setup required.

Holds client payments without prior notice, causing delays and business interruptions frequently.
Requires unnecessary documents and verification for payment processing, wasting time.
Some merchants report insufficient funds in their account causing failed transactions.
Fraudulent merchant activity is not effectively monitored, leaving users at financial risk.
Refund processes are delayed or ignored, causing customer dissatisfaction and complaints.