You searched for Razorpay price India – and you probably want a straight answer: which plan do I need, what’s it going to actually cost me (including the stuff they don’t tell you upfront), and is it worth the money?
- 💰 Razorpay Pricing at a Glance (2026)
- What Is Razorpay?
- Razorpay Plans – Complete Feature Comparison
- Detailed Plan Breakdown
- ⚠️ Hidden Costs – What Nobody Tells You About Razorpay
- Total Cost of Ownership – What You'll Actually Pay
- Is There a Free Version of Razorpay?
- Which Razorpay Plan Should You Pick?
- Alternatives to Razorpay
- Frequently Asked Questions – Razorpay Pricing
- Related Guides on aidukan.in
Most pricing pages give you a neat table and a “Contact Sales” button. That’s not what we do here. This is the complete Razorpay pricing breakdown for India in 2026 – every plan, every feature, every hidden cost, and the actual total cost of ownership calculated over 1 and 3 years. We’ll also tell you exactly which plan makes sense for your specific business situation.
Here’s the thing about payment gateway & financial infrastructure pricing in India: the number on the pricing page is almost never the number you’ll actually pay. There’s GST (18% on all software subscriptions), there are renewal fees that kick in after Year 1, there are per-user charges that multiply as your team grows, and there are add-ons that turn “affordable” into “surprisingly expensive” faster than you’d expect. We’ve done the math on all of this for Razorpay so you don’t have to learn the hard way.
Whether you’re a freelancer deciding between the free and paid tiers, a small business owner comparing Razorpay against alternatives, or a growing company calculating TCO for the next three years – this guide has the answers. Let’s get into the numbers.
💰 Razorpay Pricing at a Glance (2026)
| Standard Payment Gateway | 2% per transaction | per transaction (no monthly fee) |
| Payment Links & Pages | 2% per transaction | per transaction |
| RazorpayX (Business Banking) | Custom pricing | per transaction + monthly fee |
| Razorpay POS | 1.5-1.8% per transaction + device cost | per transaction |
* All prices are pre-GST. Add 18% GST to every amount listed above.
What Is Razorpay?
| Category | Payment Gateway & Financial Infrastructure |
| Made by | Razorpay Software Pvt Ltd, Bengaluru |
| Website | razorpay.com |
India’s leading payment gateway for businesses – accept online payments smoothly.
Razorpay Plans – Complete Feature Comparison
| Feature | Standard (2%/txn) | Payment Links | RazorpayX | POS |
|---|---|---|---|---|
| UPI Payments | ✓ | ✓ | ✗ | ✓ |
| Credit/Debit Cards | ✓ | ✓ | ✗ | ✓ |
| Net Banking | ✓ | ✓ | ✗ | ✗ |
| Wallets (Paytm, PhonePe) | ✓ | ✓ | ✗ | ✗ |
| EMI Options | ✓ | ✗ | ✗ | ✗ |
| International Payments | ✓ (3%) | ✗ | ✗ | ✗ |
| Recurring Payments / Subscriptions | ✓ | ✗ | ✗ | ✗ |
| Settlement Speed | T+2 (next business day available) | T+2 | Instant | T+2 |
| Vendor Payouts | ✗ | ✗ | ✓ | ✗ |
| Payroll Disbursement | ✗ | ✗ | ✓ | ✗ |
| Tax Payment Automation | ✗ | ✗ | ✓ | ✗ |
| Physical Card Machine | ✗ | ✗ | ✗ | ✓ |
| Dashboard & Analytics | ✓ | ✓ | ✓ | ✓ |
| API Access | ✓ | ✓ | ✓ | ✗ |
Check Razorpay Latest Pricing →
Detailed Plan Breakdown
Now each Razorpay plan in detail – what you get, what you don’t get, and who it’s actually designed for. Pay close attention to the user limits and billing terms, because these are where most businesses make mistakes when choosing their plan.
Standard Payment Gateway
| Price | 2% per transaction |
| Billing | per transaction (no monthly fee) |
| Users | Unlimited |
| Best For | Any business accepting online payments – e-commerce, services, subscriptions |
This plan is positioned for any business accepting online payments – e-commerce, services, subscriptions. If that describes your business, this tier gives you the right balance of features and cost. Remember to factor in 18% GST on top of the listed price when budgeting, and check the hidden costs section below for any add-ons that might affect your total spend.
Get Standard Payment Gateway →
Payment Links & Pages
| Price | 2% per transaction |
| Billing | per transaction |
| Users | Unlimited |
| Best For | Freelancers and small businesses without a website, collecting payments via link |
This plan is positioned for freelancers and small businesses without a website, collecting payments via link. If that describes your business, this tier gives you the right balance of features and cost. Remember to factor in 18% GST on top of the listed price when budgeting, and check the hidden costs section below for any add-ons that might affect your total spend.
Get Payment Links & Pages →
RazorpayX (Business Banking)
| Price | Custom pricing |
| Billing | per transaction + monthly fee |
| Users | Varies |
| Best For | Businesses needing payroll disbursement, vendor payments, and automated banking |
This plan is positioned for businesses needing payroll disbursement, vendor payments, and automated banking. If that describes your business, this tier gives you the right balance of features and cost. Remember to factor in 18% GST on top of the listed price when budgeting, and check the hidden costs section below for any add-ons that might affect your total spend.
Get RazorpayX (Business Banking) →
Razorpay POS
| Price | 1.5-1.8% per transaction + device cost |
| Billing | per transaction |
| Users | Per device |
| Best For | Offline retailers accepting card/UPI payments at physical stores |
This plan is positioned for offline retailers accepting card/upi payments at physical stores. If that describes your business, this tier gives you the right balance of features and cost. Remember to factor in 18% GST on top of the listed price when budgeting, and check the hidden costs section below for any add-ons that might affect your total spend.
Get Razorpay POS →
⚠️ Hidden Costs – What Nobody Tells You About Razorpay
This is where most pricing pages stop. We don’t. Here are the costs that will show up on your bill (or in your bank statement) that aren’t mentioned on the official Razorpay pricing page.
We’ve compiled these from actual user experiences, reviews, support forums, and our own testing. Every hidden cost listed below includes a specific rupee amount and an explanation of why it matters to your business – not vague “costs may vary” disclaimers. If you’re evaluating Razorpay for your business, make sure you add these to your budget before making a decision.
🚨 GST on Transaction Fee
18% GST on the 2% fee (effective ~2.36% per transaction)
Razorpay charges 2% + 18% GST on that fee. On a Rs.1,000 payment: Rs.20 fee + Rs.3.60 GST = Rs.23.60 deducted. Over Rs.10 lakh/month volume, that’s Rs.23,600/month – not Rs.20,000.
🚨 International Payment Fee
3% per transaction (vs 2% domestic)
Accepting international cards or payments costs 1% more. If you have global customers paying in USD/EUR, the 3% fee plus currency conversion means 4-5% effective cost on international orders.
🚨 Instant Settlement Fee
Up to 1% additional for instant settlements
Standard settlement is T+2 (free). If you want same-day or instant settlement, Razorpay charges up to 1% extra. Businesses with cash flow pressure end up paying 3%+ per transaction.
🚨 Refund Processing
Original transaction fee is NOT refunded
If a customer pays Rs.10,000 and you refund them, you still lose the Rs.200 + GST fee. High-return businesses (fashion, electronics) can lose 2-5% of revenue to non-refundable processing fees.
🚨 RazorpayX Monthly Fees
Rs.999–Rs.4,999/month depending on features
The business banking product is not pay-per-use. It has monthly subscription costs plus per-payout fees (Rs.2–Rs.10 per payout). For a company doing 500 vendor payments/month, this adds Rs.5,000–Rs.10,000/month.
🚨 POS Device Cost
Rs.2,000–Rs.5,000 per device
Also Read: ERPNext Price India
Also Read: Shopify Price India
Razorpay POS requires purchasing or renting a card machine. Each device has a cost, and transaction fees (1.5-1.8%) apply on top.
Total Cost of Ownership – What You’ll Actually Pay
The sticker price on the Razorpay pricing page is never the full story. To help you budget accurately, we’ve calculated the Total Cost of Ownership for each plan – factoring in the subscription or license cost, mandatory taxes, renewal fees, add-ons that most businesses end up needing, and the hidden costs we outlined above.
Below you’ll find two tables: your first-year cost (which typically includes one-time setup or onboarding charges) and your three-year cost (which shows the compounding effect of annual renewals, per-user fees, and price hikes). These numbers assume a typical small-to-medium business use case – your actual costs may be higher or lower depending on your team size, usage volume, and which add-ons you activate.
1-Year Total Cost
| Plan | Breakdown | Total |
|---|---|---|
| Payment Gateway (Rs.5L/mo volume) | Rs.5,00,000 × 12 × 2.36% = Rs.1,41,600/year in fees | Rs.1,41,600 |
| Payment Gateway (Rs.20L/mo volume) | Rs.20,00,000 × 12 × 2.36% = Rs.5,66,400/year | Rs.5,66,400 |
| Payment Gateway (Rs.1Cr/mo volume) | Rs.1,00,00,000 × 12 × 2.36% = Rs.28,32,000/year | Rs.28,32,000 |
| RazorpayX (100 payouts/mo) | Rs.2,999/mo base + Rs.500 payout fees = Rs.3,499 × 12 = Rs.41,988 | ~Rs.41,988 |
3-Year Total Cost
| Plan | Breakdown | Total |
|---|---|---|
| Gateway (Rs.5L/mo) | Rs.1,41,600 × 3 = Rs.4,24,800 | Rs.4,24,800 |
| Gateway (Rs.20L/mo) | Rs.5,66,400 × 3 = Rs.16,99,200 | Rs.16,99,200 |
| Gateway (Rs.1Cr/mo) | Rs.28,32,000 × 3 = Rs.84,96,000 | Rs.84,96,000 |
💡 Our Take
Razorpay’s 2% is competitive but not the cheapest. PayU and Cashfree offer similar rates, and at high volume (Rs.50L+/month), you can negotiate down to 1.5-1.8% with any provider. The real Razorpay advantage is the developer experience and the ecosystem (subscriptions, payment links, payouts) – not the rate. If you’re purely cost-optimizing, shop for rates at your volume.
Is There a Free Version of Razorpay?
No subscription fee – Razorpay’s standard payment gateway is free to set up with zero monthly charges. You only pay the 2% + GST per transaction fee. There’s no minimum volume or lock-in period.
A word of advice: free tiers are excellent for testing whether Razorpay fits your workflow, but don’t build your entire business process around a free plan without checking what happens when you outgrow it. Migration costs – both in money and in time spent re-configuring – can wipe out months of savings. If you’re a serious business, budget for a paid plan from day one and treat the free tier as a trial, not a permanent solution.
Which Razorpay Plan Should You Pick?
Here’s our scenario-based recommendation. We’ve mapped the most common business profiles in India to the Razorpay plan that fits them best – based on team size, transaction volumes, feature requirements, and budget. Find your situation below and see which plan makes sense for you.
Keep in mind that your ideal plan today might not be your ideal plan in 12 months. Many businesses start one tier lower than they think they need (to save costs while learning the platform) and upgrade once they hit specific limits. That’s a perfectly valid strategy – as long as the upgrade path is smooth and the data migration is smooth.
🎯 Freelancer Collecting Payments
→ Payment Links (free to use, 2%/txn)
Create payment links, share on WhatsApp, collect money. No website or coding needed. 2% fee is the cost of business.
🎯 E-Commerce Store
→ Standard Payment Gateway (2%/txn)
Full API integration with Shopify/WooCommerce/custom site. UPI, cards, net banking, wallets, EMI – all in one.
🎯 SaaS/Subscription Business
→ Razorpay Subscriptions (2%/txn)
Automated recurring billing with retry logic, dunning emails, and plan management. Essential for subscription revenue.
🎯 Business Paying Vendors/Salaries
→ RazorpayX
Automate vendor payouts, salary disbursement, and tax payments. Worth the monthly fee if you’re doing 50+ payments/month.
🎯 High-Volume Seller (Rs.50L+/mo)
→ Negotiate custom rate
At this volume, call Razorpay’s sales team. You should get 1.5-1.8% rates. Also get quotes from PayU, Cashfree, and Paytm Gateway.
🎯 Physical Retail Store
→ Razorpay POS (1.5-1.8%/txn)
Accept card and UPI payments in-store. Lower transaction fee than online, but you need to buy the POS device.
💡 Pro tip: If you’re still unsure after reading the scenarios above, start with the cheapest paid plan that covers your must-have features. You can always upgrade later, but downgrading is painful – you lose access to features your team may have already built workflows around, and there’s often no refund for the unused portion of a higher-tier subscription.
Alternatives to Razorpay
Razorpay not the right fit? Maybe the pricing doesn’t work for your budget, or the feature set doesn’t match your requirements. Here are the top alternatives in the Indian market – each with their own detailed pricing breakdown on aidukan.in.
We recommend comparing at least 2-3 options before committing to any software. Switching costs are real – once your team has spent months learning a platform and building workflows around it, moving to a competitor can cost you 3-6 months of productivity. Do the comparison upfront and save yourself the pain later.
→ Instamojo Pricing India – Payment links + basic online store
→ PayU Pricing India – Similar rates, strong enterprise focus
→ Cashfree Pricing India – Competitive rates, good for payouts
Frequently Asked Questions – Razorpay Pricing
Still have questions about Razorpay pricing? Here are the most common questions Indian businesses ask when evaluating Razorpay – answered with specific numbers and honest assessments, not marketing fluff.
What does Razorpay charge per transaction?
2% + 18% GST = ~2.36% effective rate for domestic transactions. International: 3% + GST.
Is there a free Razorpay plan?
Yes, the payment gateway is free to set up with no monthly fee. You only pay per-transaction fees.
What are Razorpay’s hidden costs?
GST on fees (makes 2% effectively 2.36%), 3% for international payments, instant settlement charges, non-refundable transaction fees on refunds, and RazorpayX monthly charges.
Is Razorpay the cheapest payment gateway in India?
At standard rates, all major gateways charge ~2%. At high volume (Rs.50L+/month), you can negotiate lower rates. Razorpay wins on developer experience and ecosystem, not price.
Can I negotiate Razorpay rates?
Yes, at Rs.10L+/month volume. Contact their sales team. Expect 1.5-1.8% for very high-volume merchants.
How fast does Razorpay settle payments?
Standard: T+2 business days (free). Instant settlement available for up to 1% extra.
Does Razorpay support UPI?
Yes, including UPI QR, UPI Intent, and UPI Autopay for subscriptions.
What is Razorpay’s refund policy?
Razorpay processes refunds within 5-7 business days. However, the original transaction fee (2%) is NOT refunded to the merchant.
Related Guides on aidukan.in
Before you make your final decision on Razorpay, check out these related reviews and comparisons that can help you evaluate the full picture – including head-to-head comparisons against competitors and in-depth “is it worth it” analyses.
📖 Razorpay vs Instamojo
📋 Key Takeaway – Razorpay Pricing in India
Razorpay offers a range of plans suited for different business sizes and budgets. The listed prices are just the starting point – once you factor in GST (18%), hidden costs like implementation fees, renewals, and add-ons, your actual spend can be 20-40% higher than advertised. Use the TCO tables above to get a realistic picture of what you’ll actually pay over 1 and 3 years.
Our recommendation: don’t just compare plan prices – compare total cost of ownership against alternatives. A software that looks expensive upfront might save you money over three years if it has fewer hidden fees, and a cheap tool might end up costing more once you add the necessary integrations and support packages. Always request a demo before buying, and negotiate – especially if you’re committing to annual billing.
Ready to Get Started with Razorpay?
Visit the official website to check the latest plans and sign up.
Visit Razorpay Official Website →