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Cashfree VS Razorpay

Let’s have a side-by-side comparison of Cashfree vs Razorpay to find out which one is better. This software comparison between Cashfree and Razorpay is based on genuine user reviews. Compare software prices, features, support, ease of use, and user reviews to make the best choice between these, and decide whether Cashfree or Razorpay fits your business.

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  • Platforms
  • Recommended
  • img 21 Ratings & 20 Reviews
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  • img 21 Ratings & 17 Reviews
  • icon_desktop icon_ios icon_Android icon_mac

Pricing

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Price Plans

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Offers

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Available offers & discounts

img Save upto 28%, Get GST Invoice on your business purchase

img Buy Now & Pay Later, Check offer on payment page.

img Save upto 28%, Get GST Invoice on your business purchase

img Buy Now & Pay Later, Check offer on payment page.

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Ratings

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Overall ratings

4.3

21 Ratings & 20 Reviews

88% Likelihood to Recommend

4.2

21 Ratings & 17 Reviews

85% Likelihood to Recommend

Pros & Cons

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Pros

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I love that Cashfree charges 0% on UPI transactions. It's quick to set up, and t...Read more - Nandini Simhadri Jul 03, 2024

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The best part of Cashfree is that it integrates with all major platforms like Am...Read more - Rohit kanojiya Jun 30, 2024

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Razorpay makes it super easy to set up and use. The API is straightforward, and ...Read more - Babita Jul 04, 2024

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Razorpay is the best payment gateway with an easy-to-understand dashboard, all r...Read more - Nidhi Shah Jul 03, 2024

Cons

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It requires a GST number for some payment methods. Also, there's an annoying sup...Read more - Nandini Simhadri Jul 03, 2024

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I can't find anything to dislike about Cashfree. - Rohit kanojiya Jun 30, 2024

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There aren't many issues I've come across, but it would be great if they added a...Read more - Babita Jul 04, 2024

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Document verification takes a long time, competitors offer 0% commission on UPI ...Read more - Nidhi Shah Jul 03, 2024

Reviews

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Verified customer reviews

An affordable payment gateway - Charges 0% for UPI transactions.

Nandini Simhadri Jul 03, 2024

Best & Fantastic Payment Gateway

Rohit kanojiya Jun 30, 2024

Razorpay: Smooth Payment Processing

Babita Jul 04, 2024

Best Payment Gateway for Online Business

Nidhi Shah Jul 03, 2024

Best Use for

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Business Size:

  • img Individual
  • img 2-50 Employees
  • img 51-250 Employees
  • img 250-500 Employees
  • img 500​-​1000 Employees
  • img More than 1000+ Employees
  • img Individual
  • img 2-50 Employees
  • img 51-250 Employees
  • img 250-500 Employees
  • img 500​-​1000 Employees
  • img More than 1000+ Employees

Business Type:

  • img Small Business
  • img Startups
  • img Medium Business
  • img Enterprise
  • img SMBs
  • img SMEs
  • img MSMBs
  • img MSMEs
  • img Freelancers
  • img Small Business
  • img Startups
  • img Medium Business
  • img Enterprise
  • img SMBs
  • img SMEs
  • img MSMBs
  • img MSMEs
  • img Freelancers

Industries:

  • imgAll Industries
  • imgAll Industries

Cashfree vs Razorpay: Comparision Video

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Features

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Payment Methods

  • img UPI
  • img Debit / Credit Cards
  • img Net Banking
  • img Digital Wallet
  • img Cardless EMI
  • img Buy Now, Pay Later (BNPL)
  • img Cryptocurrency
  • img ACH Payments
  • img QR Code Based Payments
  • img UPI
  • img Debit / Credit Cards
  • img Net Banking
  • img Digital Wallet
  • img Cardless EMI
  • img Buy Now, Pay Later (BNPL)
  • img Cryptocurrency
  • img ACH Payments
  • img QR Code Based Payments

Core Functionalities

  • img Dedicated POS
  • img Multi Currency Support
  • img Pre-onboarding Assistance
  • img Branding & Customization
  • img Currency Conversion
  • img Coupons and Offers Engine
  • img Mobile Responsiveness
  • img Payment Links
  • img Guest Checkout
  • img Multi-Language Checkout
  • img Store Creation
  • img Landing Page Creation
  • img Split Payments
  • img Instant Settlements
  • img Dedicated Account Manager
  • img Automated Reconciliation
  • img Loyalty Management
  • img Dedicated POS
  • img Multi Currency Support
  • img Pre-onboarding Assistance
  • img Branding & Customization
  • img Currency Conversion
  • img Coupons and Offers Engine
  • img Mobile Responsiveness
  • img Payment Links
  • img Guest Checkout
  • img Multi-Language Checkout
  • img Store Creation
  • img Landing Page Creation
  • img Split Payments
  • img Instant Settlements
  • img Dedicated Account Manager
  • img Automated Reconciliation
  • img Loyalty Management

Administrative Features

  • img Reporting & Analytics
  • img User Access Management
  • img Merchant Portal
  • img Tax Management
  • img Invoice Generation
  • img Reporting & Analytics
  • img User Access Management
  • img Merchant Portal
  • img Tax Management
  • img Invoice Generation

Subscription Management

  • img Reccuring Payments
  • img Proration
  • img Dunning
  • img Reccuring Payments
  • img Proration
  • img Dunning

Integrations Supported

  • img API Integration
  • img SDK Integration
  • img E-Commerce Integration
  • img Third Party Integration
  • img CRM Integration
  • img Order Management
  • img POS Integration
  • img API Integration
  • img SDK Integration
  • img E-Commerce Integration
  • img Third Party Integration
  • img CRM Integration
  • img Order Management
  • img POS Integration

Security Features

  • img PCI DSS Compliance
  • img Fraud Detection & Prevention
  • img Tokenization
  • img Two-Factor Authentication (2FA)
  • img Multi-Factor Authentication (MFA)
  • img Risk Management
  • img Automatic Device Recognition
  • img PCI DSS Compliance
  • img Fraud Detection & Prevention
  • img Tokenization
  • img Two-Factor Authentication (2FA)
  • img Multi-Factor Authentication (MFA)
  • img Risk Management
  • img Automatic Device Recognition

Alerts & Notifications

  • img Downtime Alerts
  • img Transaction Notifications
  • img Security Alerts
  • img Discrepancy Alerts
  • img Custom Event Notifications
  • img Downtime Alerts
  • img Transaction Notifications
  • img Security Alerts
  • img Discrepancy Alerts
  • img Custom Event Notifications

Specifications

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Deployment

  • img Web based
  • img On Premises
  • img Web based
  • img On Premises

Device Supported

  • img Desktop
  • img Mobile
  • img iPad
  • img Tablet
  • img Desktop
  • img Mobile
  • img iPad
  • img Tablet

Supported Platforms

  • img Windows
  • img Mac OS
  • img Android
  • img iOS
  • img Linux
  • img Ubuntu
  • img Windows
  • img Mac OS
  • img Android
  • img iOS
  • img Linux
  • img Ubuntu

Languages support

  • imgEnglish
  • imgEnglish

Question and Answers

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Product related question and answers

How many settlements do vendors receive per day? img

Cashfree vendors receive one settlement per day. Cashfree sends the vendors a si... Read more

How do I activate my Global Payouts account CashFree? img

To activate your Cashfree Payments account, one must finish the onboarding proce... Read more

How can I transfer funds from one Payout account to another CashFree? img

Cashfree Payout account holders can transfer funds between accounts using the In... Read more

How is the Razorpay application different from the Google Pay application, and how is it better? img

Both Razorpay and Google Pay are payment apps, but Razorpay is designed for busi... Read more

How do I integrate the Razorpay payment gateway in a WooCommerce website? img

To integrate WooCommerce with Razorpay, follow the steps given below: Cre... Read more

Which ecommerce companies use Razorpay? Is it a stable platform? img

There are many famous ecommerce companies that use Razorpay for online payments.... Read more

Alternatives

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Top Alternative Products

Airpay Payment Gateway

Airpay Payment Gateway


Paytm for Business

Paytm for Business


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Ccavenue


PayG

PayG


See all Cashfree alternatives img
Airpay Payment Gateway

Airpay Payment Gateway


Paytm for Business

Paytm for Business


Ccavenue

Ccavenue


PayG

PayG


See all Razorpay alternatives img

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Similar Comparison

Cashfree vs Razorpay Comparison FAQs

Software questions,
answered

While Cashfree offers customized features, Razorpay has diverse modules. Select between Cashfree or Razorpay as per your business needs.

Both these products offer similar features but with a different approach. While Cashfree emphasizes on user experiences, Razorpay focuses on functionalities.

It all depends on the functionalities that you prefer. While Cashfree offers add-ons along with essential features, Razorpay emphasizes on customization.

No, the difference between Cashfree and Razorpay lies in terms of features and functionalities. While Cashfree can be customized as per the user’s needs, Razorpay addresses the diverse audience.

It depends upon your business requirement. Both Cashfree and Razorpay provides standard features to cater diverse industry needs.

The difference lies in terms of the user interface and functionalities. While Cashfree is customizable, Cashfree offers comprehensive modules.

A Quick Comparison Between Cashfree vs Razorpay

Choosing any software for your organisation is a crucial decision. As a decision maker, you must ensure that the software you choose addresses the pain points of your teams and reaps maximum benefit for you.

  • Cashfree Vs Razorpay: An Overview
  • Cashfree Payments Pros and Cons
  • Razorpay Payment Gateway Pros and Cons
  • Cashfree vs Razorpay: Features Comparison
  • Cashfree Payments vs Razorpay: Payment Modes
  • Cashfree vs Razorpay: Card Issuance
  • Cashfree Vs Razorpay: Target Users
  • Cashfree Vs Razorpay: Deployment & Platforms Supported
  • Cashfree Vs Razorpay: Customer Support & Resources
  • Cashfree vs Razorpay: Pricing & Plans
  • Techjockey’s Final Verdict

Collecting payments is one of the major concerns for every business, and for this, you need a secure payment gateway. A gateway that would allow you to collect payment from multiple methods like debit & credit cards, UPI, net banking, etc. All in all, the payment gateway should make it the payment collection process convenient for businesses as well as their customers.

Let’s compare the two major players, Cashfree and Razorpay, and find out which is the better one.

Cashfree Vs Razorpay: An Overview

Cashfree and Razorpay are two leading payment gateways used by businesses. However, both offer quite similar functionalities when it comes to modes and convenience of payment collection.

However, there are a few differences that can help you choose the better according to your requirements. For instance, Cashfree offers identity verification options which is missing a Razorpay. But the card issuance feature of Razorpay is better as it does not take any security deposit. Other than this, Razorpay is also available for iOS devices, whereas Cashfree’s app can only be used on Android devices.

Let’s have more detail into how both these payment gateways compare to each other:

Cashfree Payments Pros and Cons

Pros:

  • Multiple payment modes: Cashfree supports a wide variety of payment methods, such as credit cards, debit cards, net banking, wallets, and UPI. This flexibility helps customers to pay using their preferred method which enhances their overall experience and potentially increases sales.
  • Great customer support: Cashfree offers excellent customer service, with a responsive and knowledgeable team ready to assist with any issues or queries. This reliable support helps businesses resolve problems quickly and efficiently.
  • In-depth analytical data: Cashfree provides comprehensive transaction data and insights. This analytical data helps businesses track their sales performance to optimize their operations and strategy.

Cons:

  • No built-in store creation feature: Cashfree does not offer an integrated platform for creating and managing an online store. Businesses looking to set up an e-commerce site will need to use a separate service or platform for their store creation needs.
  • Lacks Cryptocurrency support: Cashfree does not support cryptocurrency payments, such as Bitcoin. Businesses wishing to accept cryptocurrencies will need to find alternative payment gateways that offer this capability.

Razorpay Payment Gateway Pros and Cons

Pros:

  • Best In-class Security: Razorpay ensures top-level security for all transactions. This means that your customers’ payment information is highly secure, which helps build trust and protect your business from fraud.
  • Quick and Easy to Set Up: Razorpay is designed for simplicity and speed. You can set it up quickly and start accepting payments without extensive technical know-how, saving you time and effort.
  • Global reach: With Razorpay, you can accept payments from customers around the world. This global reach helps expand your market and increases your business potential.
  • Great Up-time and Success rates: Razorpay boasts excellent reliability with minimal downtime and high transaction success rates. This ensures a smooth payment experience for your customers and reduces potential loss of sales.

Cons:

  • Costly International Transactions: Razorpay's fees for international transactions can be relatively high, which may increase costs for businesses dealing with customers from other countries.
  • Lacks Cryptocurrency support: Razorpay does not support cryptocurrency payments, such as Bitcoin. Businesses wishing to accept cryptocurrencies will need to explore alternative payment gateways for this feature.

Cashfree vs Razorpay: Features Comparison

Cashfree vs Razorpay is quite similar when it comes to features. Both the payment gateways offer multiple options for payment collection, recurring payments, QR code scanning, split payment options, and more. However, when it comes to offering a Buy Now Pay Later feature, Cashfree is better than Razorpay as it supports more Pay Later payment options like Freecharge PayLater, Ola Money Postpaid, etc.

Let’s understand how these payment gateways work.

  • Ease of Payment Collection: Both the payment gateways allow businesses to easily receive payments through multiple ways like payment links, forms, and QR codes. These payment modes can further be shared by businesses via SMS, email, chatbot, messenger, and more. This option is great for social media-based entrepreneurs and even D2C businesses for facilitating contactless payments.
  • Buy Now Pay Later: The Buy Now Pay Later payment option of Cashfree is better than Razorpay, as it also supports the ‘No Cost EMI’ option. In fact, Cashfree also integrates with more Pay Later providers than Razorpay, these include Ola Money Postpaid, Kotak via Flexmoney, Freehcharge PayLater, and more.
  • Payment Split: These payment gateways allow businesses to collect and split payments with their partners, vendors, and bank accounts. Thus, making it easy for businesses to disburse payments using a one-to-many collection model.
  • Identity Verification: The identity verification feature offered by Cashfree is missing in Razorpay. Cashfree provides a comprehensive verification suite where users can do KYC before opening their accounts and even during onboarding. In addition to this, the verification suite also includes IFSC, UPI ID, Aadhaar, PAN, and GSTIN verification.

Cashfree Payments vs Razorpay: Payment Modes

Razorpay and Cashfree Payments both offer many ways for customers to pay. Razorpay has over 100 options, like all cards, UPI, EMI, and wallets, making checkout quick. Cashfree offers even more, with over 120 options, including any card, 65+ netbanking choices, UPI, Paytm, other wallets, EMI, and Pay Later options. Cashfree has a few more choices, which can be better for businesses wanting to give customers more ways to pay.

Cashfree vs Razorpay: Card Issuance

Cashfree and Razorpay issues cards for fintech corporates and their employees. These cards can be used as campus cards, expense cards, corporate credit cards, as loyalty wallets, and more.

However, the card issuance service of Razorpay is better than Cashfree as it does not charge any security deposit. Moreover, you also don’t require any personal guarantee or business savings.

Final Verdict: The card issuance service of Razorpay is better than Cashfree, as there is no need for a security deposit.

Cashfree Vs Razorpay: Target Users

The target users for both the payment gateways, Cashfree and Razorpay are the same that include:

  • Startups
  • Agencies
  • SMEs
  • Enterprises

Both platforms offer transaction-based pricing which is good for startups and SMEs. In fact, both these payment platforms also offer tailored pricing plans for enterprises to ensure low payment gateway charges.

Final Verdict: Cashfree and Razorpay both are suitable for startups, SMEs, as well as enterprises as they offer tailored pricing plans and individual transaction charges.

Cashfree Vs Razorpay: Deployment & Platforms Supported

Cashfree and Razorpay payment gateways both support cloud-based deployment type. Both the platforms can be accessed through their web portals on operating systems like Windows and MacOS.

However, in terms of app availability and accessibility, Razorpay is better than Cashfree, as it offers business apps for both Android and iOS devices. However, Cashfree only offers the app for Android devices. In fact, Razorpay has 10 lakhs+ downloads on Google Play Store, but Cashfree has only 1 lakh+ downloads.

Final Verdict: Razorpay is available on more platforms than Cashfree that includes Android and iOS apps, but Cashfree is can only accessed as app on Android devices.

Cashfree Vs Razorpay: Customer Support & Resources

Razorpay offers better customer support and knowledge base material to its users as compared to Cashfree.

Razorpay offers a 24*7 live chat option and a huge library of knowledge base material. These materials provide answers and guides for account activation, transactions, settlements, frauds, integration assistance, partner program, and more. In addition to this, there is support material especially for international payments, partner program, instant settlement, dispute resolution, and a lot more.

On the other hand, Cashfree also offers a 24x7 live chat option and provides support materials that include answers to general queries and step-by-step guides to general processes that related to refunds, disputes, settlements, account activation, etc. In addition to this, Cashfree also comes with a Customer Resolution Guide where users can track their refund & payment statuses. Moreover, they can also raise queries for payment, order fulfillment, cancellation, return, or fraud-related issues.

Final Verdict: Razorpay provides more knowledge base materials than Cashfree. However, both offer 24x7 live chat support.

Cashfree vs Razorpay: Pricing & Plans

As far as pricing is concerned, Cashfree is cheaper than Razorpay, as its charges for every transaction start from 1.90% onwards on payment methods like VISA cards, Mastercard, Jio Money, and net banking of 70+ banks. However, it charges 0% commission on transactions in the case of UPI and RuPay. But Razorpay users need to pay 2% platform fees on all transactions.

On the other hand, Razorpay is cheaper than Cashfree when you are dealing in international payments. Razorpay charges 3% platform fees per international transaction whereas Cashfree charges 3.5% + ₹7 additional for the same international transaction through Mastercard and VISA.

Final Verdict: Cashfree is cheaper for national transactions, whereas Razorpay is cheaper when you are making international transactions.

Techjockey’s Final Verdict

Cashfree and Razorpay come with a good list of features, however, choosing one from them entirely depends on your needs. If your business deals more in national payments, Cashfree is a better and cheaper option, with more Buy Now Pay Later Intergrations. However, if you majorly operate in the international market, Razorpay would be a better option for your business.

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