Razorpay Payment Gateway & Payment Solutions
With its product suite, Razorpay is the only payments solution in India that enables businesses to receive, process, and disburse payments. It grants users access to a wide range of payment methods, such as credit and debit cards, net banking, UPI, JioMoney, Mobikwik, PayUmoney, Airtel Money, FreeCharge, Ola Money, and PayZapp, among others. At an affordable price, Razorpay offers the highest level of technological integration. Shashank Kumar and Harshil Mathur started it in 2014, and it has its headquarters in Bangalore, India. Razorpay is a reliable payment platform used by companies of all sizes, with over 800,000 firms in India using it.
Annual Maintenance Charge | ZERO |
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Transaction Fee per Transaction |
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International Payment/Credit Card Support | International approval is a separate process and takes longer, which is subject to the bank’s approval. |
Multi-Currency Support | Does not support |
Withdrawal Fees | Zero |
Settlement Days | 3 days in your connected Bank account |
Documentation Required | The requisite documentation comprises the following: a PAN card for the business, the Aadhaar card of the account holder, bank account particulars, business registration documents (e.g., Articles of Association, Certificate of Incorporation, Memorandum of Association, or Partnership Deed), a cancelled cheque from the bank account designated for payment receipts, and a GST certificate (if applicable). |
Supported eCommerce CMS System | All major ones such as WooCommerce, Magento, CS-Cart, Opencart, Shopify, WHCMS, WordPress, Arastta, Prestashop. |
Mobile App Integration | Mobile SDK’s for Android and iOS via Cordova/Phonegap |
Razorpay Payment Gateway Integrations |
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Top 10 Best Payment Gateways in India 2024
A Payment Gateway serves as a web-based e-commerce service that grants authorization for credit or debit card payments on behalf of bricks and clicks, traditional brick-and-mortar establishments, online businesses, and online retailers. It enables communication between the Front End Processor or acquiring financial institution and a payment gateway (such as a website, smartphone, or voice response service). The payment transaction between the merchant (seller) and the consumer (buyer) is automated by the Payment Gateway service. A third-party service typically operates as a computerized system that accepts or declines credit card transactions (as well as verifies them) on the merchant’s behalf via secure Internet connections. The payment gateway structure facilitates the acceptance of credit, debit, and other electronic payment methods by the merchant (seller).
Table of Content
- Best Online Payment Gateways in India 2024
- 1. Cashfree Payment Gateway
- 2. PayU Payment Gateway Service
- 3. OPEN Payment Gateway
- 4. Razorpay Payment Gateway & Payment Solutions
- 5. InstaMojo Payment Gateway India
- 6. PayPal Payment Gateway Service
- 7. CCAvenue Payment Gateway
- 8. PayUbiz Payment Gateway Service
- 9. Mobikwik Payment Gateway
- 10. Easebuzz
- Conclusion