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20 Best Razorpay Alternatives in 2024

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Cashfree

Cashfree

By Cashfree

4.4 (20 reviews) Write a Review

Price On Request

Cashfree Payment Gateway is a comprehensive payments platform which is designed to cater to the unique needs of busines... Read More About Cashfree

Categories in common with Cashfree:

Airpay Payment Gateway

Airpay Payment Gateway

By Airpay

4.2 (15 reviews) Write a Review

Price On Request

Airpay Payment Gateway is a special service in India that helps businesses handle payments easily and safely. It combin... Read More About Airpay Payment Gateway

Categories in common with Airpay Payment Gateway:

Paytm for Business

Paytm for Business

By Paytm

4.1 (0 reviews) Write a Review

Price On Request

Paytm for Business is India’s most popular payment gateway software. Paytm supports many ways to pay, like UPI, credi... Read More About Paytm for Business

Categories in common with Paytm for Business:

Ccavenue

Ccavenue

By Infibeam Avenues

4.3 (10 reviews) Write a Review

Price On Request

CCAvenue Payment Gateway is a comprehensive, end-to-end payment processing solution designed to cater to the diverse ne... Read More About Ccavenue

Categories in common with Ccavenue:

PayG

PayG

By Xsilica Software Solutions

3.7 (15 reviews) Write a Review

Price On Request

PayG payment gateway is an omnichannel payment solution helping businesses of all sizes receive online payments from an... Read More About PayG

Categories in common with PayG:

PayU

PayU

By Naspers Group

4.2 (8 reviews) Write a Review

Price On Request

PayU Payment Gateway is India’s most versatile payment processing solution for diverse needs of businesses. It provid... Read More About PayU

Categories in common with PayU:

Payflow

Payflow

By PayPal

3.7 (10 reviews) Write a Review

Starting at

$25

Payflow Payment Gateway is a comprehensive solution for businesses to manage their online payment transactions securely... Read More About Payflow

Categories in common with Payflow:

WaveXpay

WaveXpay

By WaveXpay

4.5 (0 reviews) Write a Review

Price On Request

WaveXPay is a revolutionary payment gateway software that has been designed to provide the best payment solutions for m... Read More About WaveXpay

Categories in common with WaveXpay:

BillDesk

BillDesk

By IndiaIdeas Limited (BillDesk)

3.6 (11 reviews) Write a Review

Price On Request

BillDesk Payment Gateway is a comprehensive solution designed to streamline your payment processing needs. It provides... Read More About BillDesk

Categories in common with BillDesk:

Stripe

Stripe

By STRIPE

3.8 (13 reviews) Write a Review

Price On Request

Stripe is a leading payment service provider that enables businesses to accept a wide range of payment methods, includi... Read More About Stripe

Categories in common with Stripe:

Nimbbl

Nimbbl

By Nimbbl

4.0 (10 reviews) Write a Review

Price On Request

Nimbbl Payment Gateway makes paying online easy and hassle-free. It's great for online businesses, developers, banks, a... Read More About Nimbbl

Categories in common with Nimbbl:

Safexpay

Safexpay

By Paygate

4.2 (4 reviews) Write a Review

Price On Request

SafexPay is one of the best online payment gateway system for Indian markets. This payment gateway manager has the cap... Read More About Safexpay

Categories in common with Safexpay:

PayUbiz

PayUbiz

By PayU Payments

4.4 (9 reviews) Write a Review

Price On Request

PayUbiz is one of the best online payment gateway management software in India. E-commerce companies and freelancers w... Read More About PayUbiz

Categories in common with PayUbiz :

PayKun

PayKun

By PayKun Payment Solutions

4.7 (6 reviews) Write a Review

Price On Request

Organisations can create their individual payment links directly within the dashboard offered by the software. They can... Read More About PayKun

Categories in common with PayKun:

CoinGate

CoinGate

By CoinGate

3.9 (10 reviews) Write a Review

Price On Request

CoinGate Payment Gateway helps businesses handle cryptocurrency payments. It works with many types of digital money lik... Read More About CoinGate

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Last Updated on : 09 Oct, 2024

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Buyer's Guide for Razorpay Best Alternatives

Searching for Razorpay alternatives? We’ve compiled the list of top Payment Gateway with features & functionalities similar to Razorpay. There are a lot of alternatives to Razorpay that could be a perfect fit for your business needs. Compare Razorpay competitors in one click and make the right choice!

Key Takeaways:

  • Businesses are looking for Razorpay competitors due to its high transaction charges, longer approval times, limited global reach, no Crypto support etc.

  • You should consider factors like charges and fees, security features, easy integration, payment methods supported etc, before deciding the best Razorpay alternative.

  • The top Razorpay alternatives include PayPal, PayU, Billdesk, Instamojo, and Cashfree, each offering unique features like robust security, multiple payment methods, and quick settlements.

Image contains 5 razorpay alternatives, stripe, CC Avenue, Billdesk, cashfree, and payu

Overview of Razorpay Alternatives for Payment Gateway Solution

Businesses are using more digital ways to handle payments, so finding a good payment gateway is super important.

One popular payment gateway is called Razorpay. It's easy to use and has lots of features, which makes it a favorite for many companies. But, since new things keep coming out in the tech world, it’s a good idea to look at other options to make sure businesses are getting the best deal.

Let's check out some of the best Razorpay alternatives that have great features and smart solutions to help different types of businesses. Whether you’re doing freelance work, running an online store, starting a small business, or managing a big company, picking the right payment gateway can really make a difference.
 

Drawbacks of using Razorpay Payment Gateway

There are several reasons why businesses are looking for the best Razorpay alternatives, these are: 

  • Transaction charges: Almost every payment gateway charges its merchant some fee for every transaction. It can be fixed charges or some percentage of the transaction amount. Similarly, razorpay also charges somewhere between 2% to 4% depending on the transaction type (domestic, International, card type etc.). These charges can later affect the profitability for businesses that have high transaction volumes. So, businesses are looking for other alternatives to Razorpay who’s fees and charges can align with their business needs.
  • Account approval takes time: The approval time of Razorpay can be lengthy and it often requires several days or even weeks. This delay can be an issue for businesses who need to start accepting payments immediately. So that, they won't miss out on initial sales opportunities or delaying their operations.
  • Global reach: Razorpay is a robust payment gateway for domestic transactions within India but its international reach is limited compared to other global payment gateways. Businesses who are looking for international customers might find this a limitation.
  • No Cryptocurrency support: Razorpay does not support cryptocurrency transactions. This can be a significant drawback for businesses and customers interested in using cryptos like Bitcoin. This lack of support can push away a growing number of people who prefer using cryptocurrencies, making payment options less flexible.
     

How to Pick the Right Razorpay Alternative?

Choosing the right payment gateway is crucial for any business that wants to accept online payments. Here are the key factors to consider when selecting a payment gateway:

1. Transaction Fees

Transaction fees and charges should be one of the crucial factors to look at while choosing the right Razorpay alternatives. Look for competitors to Razorpay that have lower charges and fees. Different gateways charge various fees, including:

  • Setup fees: One-time fee for setting up the service.
  • Transaction fees: A percentage of each transaction.
  • Monthly fees: Regular fees for using the service.

Compare these costs to ensure they fit within your budget.

2. Security

Security is very important. So, check whether the Razorpay competitor you choose follows PCI DSS (Payment Card Industry Data Security Standard) rules and uses special methods like encryption and tokenization to keep your data safe. Also, look for features like fraud detection, two-factor authentication, and other safety measures.

3. Integration

The gateway should seamlessly integrate with your website or e-commerce platform. Ensure the eway
Razorpay like payment gateway supports your current technology stack, offers easy-to-use plugins or APIs, and requires minimal development work. A smooth integration will save time, reduce headaches, and ensure a hassle-free checkout experience for your customers.

4. Customer Support

Reliable customer support is essential for resolving issues quickly. Look for gateways that offer 24/7 support through multiple channels (phone, email, live chat).

5. Multiple Payment Methods

Customers always want to pay with their preferred method. Choose a Razorpay competitor that supports various payment options like credit/debit cards, digital wallets, and bank transfers. With many payment methods , it will be easy for your customers to pay and can help increase sales.

Verify that the gateway supports a variety of payment methods, such as:

  • Credit and debit cards
  • UPI, eWallet, Net Banking
  • Bank transfers
  • Cryptocurrency

6. International Transactions

If you plan to sell internationally, ensure the gateway supports multiple currencies and has a broad geographic reach. Consider additional fees for currency conversion and cross-border transactions.

7. Reputation and Reliability

Last but not least, research the Razorpay alternative’s reputation through reviews and industry ratings. Look for a track record of reliability and minimal downtime.
 

Comparison Of Top Razorpay Alternative

Here’s a comparison table for the top 5 Razorpay competitors:

Comparison Of Top Razorpay Alternative
Features PayPal PayU Billdesk CCAvenue Cashfree
Ease of Setup Easy Easy Moderate Very Easy Easy
UPI No Yes Yes Yes Yes
Global Reach Extensive Global Limited Global Limited
Subscription Management Yes Yes Yes Yes Yes
Settlements Within 24 hours T+2 days 3-5 days T+3 Days Within 15 minutes
API Access Yes Yes Yes Limited Yes
Charges 4.40% + Fixed Fee 2-3% On request

2.00% of Platform Fees

1.95%

Popular Competitors of Razorpay

When looking for alternatives to Razorpay, it's important to consider other payment gateways that offer similar or better features to meet your business needs. Here are five top Razorpay alternatives:

1. Payflow by PayPal

Payflow is a globally recognized payment gateway which is known for its ease of use and extensive reach. It supports various payment methods, including credit/debit cards and PayPal accounts. PayPal offers both robust security features and buyer protection which makes it a trusted choice for both businesses and consumers. Additionally, its international reach makes it ideal for businesses with a global customer base.

Features:
  • Supports credit/debit cards and PayPal accounts
  • Robust security features
  • Buyer protection
  • Chargeback management
  • 200+ countries supported
  • Non-website payment solution
  • Instant settlements- within 30 minutes

Pros: Trusted worldwide, easy integration, strong security
Cons: Higher transaction fees for international payments

2. PayU

PayU is a popular payment and one of the best razorpay alternatives in India. It is  known for its seamless integration and comprehensive features. It supports multiple payment methods such as credit/debit cards, net banking, UPI, and wallets. PayU offers advanced fraud detection, recurring billing, and detailed reporting tools, making it suitable for businesses of all sizes. Its user-friendly interface ensures a smooth transaction experience for customers.

Features:
  • 150+ payment methods
  • Supports international payments
  • Instant refunds to your customer (within 5 minutes of request)
  • Supports native OTP for one-click payments
  • Recurring billing and subscription 
  • APIs, super-light SDKs, plug and play partnerships

Pros: Wide range of payment methods, robust security, detailed analytics, Amazing customer support
Cons: No Cryptocurrency support, Setup can be complex for small businesses

3. Billdesk

Billdesk is a well-established payment gateway in India, offering a wide range of payment options, including credit/debit cards, net banking, and UPI. It is known for its reliability and secure transactions. Billdesk provides robust support for recurring payments and high-volume transactions, making it a preferred choice for utility payments and large enterprises. Its strong presence in the Indian market ensures extensive reach and support.

Features:

  • 70+ currency support
  • Supports credit/debit cards, net banking, and UPI
  • Automated refund processing
  • Guest checkout system
  • Instant settlements within 3-5 days
  • 4-way automated reconciliation

Pros: Easy to setup and use, security with robust encryption, fraud detection tools, and compliance with PCI DSS standards. 
Cons: Lacks store creation feature, No coupons and offer engine module

4. CCAvenue

CCAvenue is a leading payment gateway in India, offering a variety of payment options and strong customer support. It’s particularly popular among Indian businesses for its comprehensive services and local expertise.

Features:
  • Supports credit/debit cards, net banking, UPI, and wallets
  • Payment links
  • Supports multiple currencies
  • Allows EMI payments
  • Branding and customization option
  • Automated invoice generator

Pros: Easy to setup and use,  Instant settlements within T+3 business days 
Cons: Limited Global Reach

5. Cashfree

Cashfree is a payment gateway known for its quick settlements and many payment options, such as UPI, credit/debit cards, and net banking. It offers features like instant refunds, recurring payments, and a user-friendly dashboard. Cashfree's easy processing and strong focus on automation make it a great choice for e-commerce businesses looking to streamline their payment operations and improve cash flow.

Features:
  • 120+ payment options
  • Show items in 100+ foreign currencies
  • Centralized control with advanced dashboard
  • No-code integration
  • Paperless and same day onboarding

Pros: Do instant customer refunds, Get access to your collections within 15 minutes, No setup, maintenance or hidden fees
Cons: No cryptocurrency support, Lacks store creation feature

What Type of Businesses is Looking for Alternatives of Razorpay?

Almost all the businesses whose revenue models are dependent on receiving payment online need a third-party payment gateway to run their operations. Here are the few companies looking for online payment processing platforms similar to Razorpay because of its limitations.

  • eCommerce Vendors: Vendors selling products on eCommerce websites need solutions like Razorpay for their day-to-day transaction processing.
  • B2B Businesses: B2B businesses across India have been rapidly integrating online payment methods due to the increase in competition, low-cost transactions, and easy reconciliation.
  • SaaS Providers: Cloud computing companies accept payment from across the world for their services. Therefore, they are looking for substitutes for Razorpay, which can help them streamline their operations.
  • Non-Profit Organizations: Many NGOs and INGOs are looking for a reliable payment gateway to receive donations and funds.
  • BPOs/KPOs: Most of the BPOs and KPOs require an easier-to-use solution to receive payments from their customers through multiple payment methods.
  • Startups: Startups and SMEs across India need an online payment gateway that is useful for their businesses and offers scalable features in the future.
  • Service Providers/ Freelancers: Freelancers and service providers such as marketers, web designers, and writers need a simple payment portal to process online payments efficiently.

Author: Kalpana Arya

Razorpay Alternative FAQs

A. Various online payment gateway solutions are available in the market that can be used as a substitute for Razorpay. PayU, Citrus Pay, PayTM, and CCAvenue are primary payment gateway alternatives of Razorpay.
A. Most of the payment gateway solutions in India change fees based on each transaction. CCAvenue and PayUMoney are often placed among the cheapest Razorpay alternatives.
A. CCAvenue, PayUMoney, and PayTM are some of the best payment gateway alternatives for Razorpay in India.
A. International payment gateway platforms must have the ability to process payments from the maximum number of countries. PayPal and Stripe are some of the payment platforms widely used to receive international payments.
A. Freelances need payment gateways that help them make quick payment links. CCAvenue and Citrus Payment Solutions are the most popular payment platforms for freelancers.
A. Yes, Razorpay and Google Pay are both different. Google Pay is a digital wallet and online payment system for individuals to make payments and transfer money. On the other hand, Razorpay enables merchants to accept payments where Google Pay is a supported payment method.
A. PayPal, PayU, Billdesk, Instamojo, and Cashfree are strong alternatives to Razorpay, each offering unique features and benefits. However, the best option depends on your specific business needs, such as transaction fees, ease of integration, and payment methods supported.
A. Though Razorpay can accept payments in foreign currencies, it is primarily used by Indian businesses. So, the businesses in the USA may find other global payment gateways like PayPal more suitable.
A. Razorpay alternatives such as PayPal, PayU, Billdesk, Instamojo, and Cashfree offer various transaction fees: PayPal: 4.40% + Fixed Fee, PayU: 2-3%, Billdesk: On request, Instamojo: 2% + INR 3, Cashfree: 1.95%.
A. PayU is most similar to Razorpay in features, offering advanced fraud detection, multiple payment methods, recurring billing, and detailed reporting tools. Both gateways are popular in India and provide comprehensive solutions for businesses of all sizes.

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