Razorpay Software Pricing, Features & Reviews
What is Razorpay Payment Gateway?
Razorpay Payment Gateway is a leading payment processing solution that empowers businesses to accept, process, and disburse payments with ease. It offers different payment methods like credit cards, debit cards, net banking, UPI, and digital wallets like Paytm and PhonePe. It’s built with modern technology to make payment processing quick and easy.
Businesses can use Razorpay’s tools and dashboard to manage their transactions, track payments, and get detailed reports. This helps them run their business smoothly and make sure everything is working well.
Why Choose Razorpay Payment Gateway?
There are several reasons why this platform might be a good choice for your payment gateway. Here are some of the benefits you will incur if you use Razorpay payment gateway:
- Easy to Set Up: Razorpay is very easy to start with, even for the newbies. You can quickly add Razorpay to your website or app with its easy-to-use tools which can save you a lot of time and energy.
- Multiple Payment Options: Razorpay supports lots of ways to pay, like cards, net banking, UPI, and wallets, so customers can choose their favorite method to pay online.
- Safe and Secure: Razorpay uses strong security measures such as PCI-DSS compliance and advanced encryption, ensuring safe and secure transactions for both businesses and customers.
- Fast Access to Money: With Razorpay payment gateway, businesses can get their money quickly and easily (within 2-3 days) after a transaction. This helps businesses manage their cash flow more efficiently.
- Detailed Analytics: Razorpay provides in-depth analytics and reporting tools on their dashboard. This enables businesses to track transactions, understand payment trends, look for success rates and ultimately make data-driven decisions.
- Robust Customer Support: Offers dedicated customer support to resolve queries and issues swiftly, ensuring a smooth experience for merchants.
- Customizable Solutions: Provides tailored payment solutions to meet specific business needs, ensuring a perfect fit for various industries.
Additional Features of Razorpay Payment Gateway
Here are the main features that Razorpay offers:
- 100+ Currency Support: Razorpay allows businesses to accept payments in over 100 different currencies so that it is easy to sell products to customers from all around the world.
- Run promotional offers directly through Dashboard: Razorpay's dashboard allows you to create and manage promotional offers directly within their platform. You can define parameters like discount percentages, targeted user groups, and campaign durations, all from a centralized location.
- User, Role, and Access Control: Businesses can control who has access to the Razorpay dashboard and what they can do, ensuring that only authorized people can manage payments and see sensitive information.
- Recurring payments: Razorpay supports automated recurring payments, which is great for businesses that offer subscription services, ensuring customers are billed automatically.
- Smart Routing: Optimize payment success rates with intelligent routing of transactions through the best performing payment processors.
- Invoicing: Generate and send professional invoices directly through the Razorpay dashboard, simplifying your billing process.
- Lightweight/featherweight SDK: Razorpay's lightweight SDK (Software Development Kit) is compact in size.
- Create custom-branded and hosted Payment Pages: With Razorpay's hosted payment pages, you don't need to develop your own secure checkout flow from scratch. This saves development time and resources.
Pricing of Razorpay Payment Gateway
Razorpay offers a comprehensive payment gateway solution with a 2% platform fee, applicable to all transactions, plus 18% GST. For enterprises with monthly revenue over ₹5 lakh, custom pricing is available. Their services include banking, payroll, and credit solutions.