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PayU VS Razorpay

Let’s have a side-by-side comparison of PayU vs Razorpay to find out which one is better. This software comparison between PayU 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 PayU or Razorpay fits your business.

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Price On Request

Price On Request

  • industries All industries
  • industries All industries
  • chek Dedicated Account Manager
  • chek Custom Event Notifications
  • chek Discrepancy Alerts
  • chek Downtime Alerts
  • chek Tokenization
  • chek Flash Checkout
  • chek Loyalty Management
  • chek Split Payments
  • chek Multi-Language Checkout
  • chek Multi Currency Support
4.1(8)
str1 4.3
str1 4
str1 4.2
str1 4

Likelihood to Recommend

83%
4.2(17)
str1 4.2
str1 4.2
str1 4.1
str1 4.2

Likelihood to Recommend

85%

pros-list-icon PayU’s no-code solutions are a lifesaver! I don’t need a dedicated website or app to accept payments, which is great for my growing business. The additional products like PayU Connect, the Recommendation Engine, QR code payments, and POS systems make everything so easy. The accounting automation is super helpful too, keeping my finances organized. For businesses expanding to India, the cross-border payment options are a huge plus. The fees are fair, with no setup costs and a pay-as-you-go model. Posted - Jun 28, 2024

cons_icon I wish the processing fee for bulk transactions was reduced to 1.5%. It would make a big difference for businesses with high sales volumes. Posted - Jun 28, 2024

pros-list-icon Very quick service. No problems and good instructions Posted - Sep 18, 2017

cons_icon N/A Posted - Sep 18, 2017

Deployment

  • Web Based
  • On Premises

Device Supported

  • Desktop
  • Mobile
  • Tablet
  • iPad

Operating System

  • Ubuntu
  • Windows
  • iOS
  • Android
  • Mac OS
  • Windows(Phone)
  • Linux

Deployment

  • Web Based
  • On Premises

Device Supported

  • Desktop
  • Mobile
  • Tablet
  • iPad

Operating System

  • Ubuntu
  • Windows
  • iOS
  • Android
  • Mac OS
  • Windows(Phone)
  • Linux

A Quick Comparison Between PayU and Razorpay

Let’s have a detailed comparison of PayU vs Razorpay to find out which one is better. Let’s discover some of the essential factors that you must consider and decide whether PayU or Razorpay fits your business.

PayU and Razorpay are two leading players in the online payment gateway industry, serving as crucial tools for businesses and e-commerce platforms looking to streamline their payment processes. Both aim to provide secure and efficient payment solutions.

Despite their shared objective, PayU and Razorpay differ in key features and functionalities. We have differentiated both platforms based on their pros and cons, payment methods supported, transaction charges, and more.

Let’s have a detailed comparison of PayU vs. Razorpay to find out which one is better. Discover some essential factors to consider and decide whether PayU or Razorpay fits your business.

PayU vs. Razorpay: Overview

PayU is a leading financial technology-based platform that specializes in providing innovative and secure payment solutions for businesses and consumers worldwide. With a mission to simplify the complexities associated with online payments, PayU aims to empower merchants and e-commerce businesses to enhance their customer experience while ensuring a seamless and secure transaction process. Some of the key features offered by PayU consist of data-driven insights, seamless integration, and more.

On the other hand, Razorpay is the only solution in India that enables businesses to accept, process, and disburse payments with its product suite. The platform gives hassle-free access to all payment modes including credit cards, debit cards, UPI, net banking, and wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, and more. Smart collect, developer-friendly APIs, and Razorpay X Business Banking are some of the vital functionalities offered by Razorpay.

Between PayU and Razorpay, PayU is preferred for its extensive global reach, while Razorpay offers instant settlement options and comprehensive dashboard reporting.

PayU Payment Gateway Pros and Cons

Pros:

  • Wider international presence.
  • Advanced features like subscription management, international payment processing, and multicurrency support.

Cons:

  • Higher pricing plans, especially for low-scale businesses.
  • More complex setup and integration process for beginners.

Razorpay payment Gateway Pros and Cons

Pros:

  • Simple setup and user-friendly interface
  • Faster settlement of funds
  • Competitive pricing with a transparent fee structure

Cons:

  • Limited advanced features compared to PayU
  • Primarily focused on the Indian market
     

PayU vs. Razorpay: In Terms of Features

  • Payment Methods: Razorpay and some other Razorpay alternatives offer more than 100 payment options like credit and debit cards, EMI, net banking, UPI, and mobile wallets. PayU provides over 150 payment methods, including cards, net banking, EMI, BNPL, QR, UPI, and wallets. Both platforms offer a wide range of payment options for businesses.
  • Reporting and Analytics: PayU and other PayU alternatives give detailed reports on transactions, revenue, and customer behavior, but customizing these reports can be tricky. Razorpay, on the other hand, provides real-time insights with tools to visualize data, making it easier to understand and analyze. It also allows easy data export and API access for deeper financial analysis
  • Mobile Payments: PayU integrates with popular mobile wallets, but its mobile checkout process may not be very user-friendly. In contrast, Razorpay focuses on a smooth mobile payment experience with a user-friendly interface that works well on different devices.
  • Security: Based on the safety and security parameters, PayU is PCI DSS compliant and uses secure protocols for seamless data transmission. On the other hand, Razorpay's advanced security features like fraud prevention and tokenization make it a winner in this category.

PayU Vs Razorpay: Fee Structure

Razorpay charges a 2% platform fee on all transactions plus 18% GST, with custom pricing for enterprises earning over ₹5 lakh monthly. Their services include banking, payroll, and credit solutions. PayU charges 2% for local transactions and 3% for international/premium cards, plus 18% GST, with no setup fees and custom pricing for larger businesses.

PayU vs. Razorpay: Ease of Use

Setup and integration can be a complex process in PayU especially for beginners and smaller businesses. However, Razorpay has a user-friendly interface which makes it easy for beginners to use the payment processing platform without any hassle.

Settlement Time

When comparing settlement times, Razorpay offers quicker processing with t+2 days for domestic transactions and t+7 for international ones. On the other hand, PayU takes t+3 business days for settlements. This makes Razorpay a faster option for businesses dealing with both domestic and international payments.

Multi-Language Checkout

Razorpay offers a multi-language checkout with support for over 20 languages, including many Indian regional languages, making it highly versatile for diverse customer bases. PayU also provides a multi-language checkout option but supports fewer languages, around 7, as detailed in their documentation.

PayU vs. Razorpay: Market Share

PayU has a lower market share in India than Razorpay. Razorpay has a higher market share in India because of its ease of use and affordable pricing plans.

PayU vs. Razorpay: Global Reach

Both PayU and Razorpay offer extensive multi-currency support, making them suitable for businesses dealing with international transactions. Razorpay supports over 100 currencies, while PayU goes further, supporting more than 130 currencies. This gives PayU a slight edge over PayU in terms of global reach.

Which is better, PayU or Razorpay?

Razorpay and PayU are popular payment gateway platforms with specific strengths and weaknesses. While PayU is known for its flexible payment settlement cycles and on-demand transfers. Razorpay, on the other hand, excels in speed and performance. It is known for its user-friendly interface, making it easy for beginners and small businesses to use the platform without any hassle.

FAQs

PayU and Razorpay are popular payment gateway solutions, each with their own pros and cons. PayU is known for its round-the-clock settlements and on-demand transfers. Therefore, its seamless global reach makes it an asset for the users and businesses actively involved in international trade. On the other hand, Razorpay is appreciated for its simple integration options and wide range of payments. The ultimate choice between both solutions will depend on your specific needs and use cases.
No, PayU and Razorpay are not the same solutions. Both platforms differ in terms of their key features and functionalities. The online payment processing software greatly differs in integration methods, supported payment options, and pricing structures. That is why it is important to carefully assess your specific requirements and determine which payment platform will align better with your needs.
The ultimate choice between PayU and Razorpay depends on your needs and requirements. PayU's subscription model feature and same-day settlements make it a favorable option for large-scale businesses. In contrast, Razorpay's easy setup option, and hassle-free mobile experience makes it a preferred choice for beginners. Therefore, carefully assess your preferences and use cases when deciding between the two.
No, PayU and Razorpay are online payment processing platforms but with different features and functionalities. Razorpay is popular for its advanced security features and user-friendly interface. On the other hand, PayU's widespread global presence and transparent pricing model make it a go-to-choice for users who are involved in international trade.
A seamless checkout option with different payment modes, a powerful dashboard feature, and automatic update on new payment modes and features make Razorpay a popular choice among users. However, with PayU's strong global presence and no-code payments, PayU is a better option for large-scale businesses involved in international trade.
PayU is a leading financial platform that offers innovative and secure payment solutions for businesses and consumers across the globe. On the other hand, Razorpay caters to users in India, and it is the only platform in the country that can accept, process, and disburse payments easily.

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