What is Razorpay?

Razorpay is the most integrated and world-class payment gateway. Its futuristic features handle end to end the transaction in a matter of minutes. An intuitive payment gateway software to streamline transactions.

Pricing

Razorpay Starting Price

$ 0/User/Month

Awards
Razorpay Award

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Razorpay Screenshots

Key Features of Razorpay

Here are the powerful features that make Razorpay stand out from the competition. Packed with innovative tools and advanced functionalities, this software offers a range of benefits.

  • Zero Setup Cost
  • Multicurrency payment processing
  • Online Payment
  • Invoices
  • Multiple Payment Types
  • Flat Transaction Fee
  • Integrated Merchant Account
  • Secured server
  • Start in Minute
  • Simplified Integration
  • Payment Processing
  • Invoice Payments
  • Debit Card Support
  • Internet Merchant Account
  • Multiple Merchant Numbers

Razorpay Pricing

Here are the pricing plans for Razorpay. Choose the plan that best fits your requirements and budget. Get Detailed Razorpay pricing as per your requirements.

Payment Gateway
$ 0
User/Month
  • Accept All Payment Modes
  • Checkout and Global Card Saving
  • Powerful Dashboard
  • Built for Developers
  • Robust Security
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Razorpay Specifications

Get a closer look at the technical specifications and system requirements for Razorpay. Find out if it's compatible with your operating system and other software.

Deployment :
Cloud Based
Subscription Plan :
Monthly
Accessibility :
API
Customization
Mobile Support
Desktop Platforms :
Web app
MacOs
Windows
Language Support :
English
Business :
StartUps
SMEs
Enterprises
Available Support :
Email
Phone
Live Support
Tickets
Company Details :
Company Name : Razorpay Software Pvt. Ltd.
Headquarter : Bangalore
Website : Visit Website

Razorpay Product Review

Here's the comprehensive description of Razorpay. Gain a brief understanding of its unique features and exceptional benefits.

Running a business or starting a new one is becoming increasingly difficult for entrepreneurs, given the growing number of laws and regulations they need to follow. Besides providing exceptional service and ensuring profitability, modern firms must constantly be vigilant about varying government laws and obligations and hire an accounting team to take care of financial operations and employee payrolls. The problem is especially grave for small and medium enterprises as they lack access to technologies that simplify such tasks.

For entrepreneurs in India, managing businesses has become incredibly challenging due to the multiple tax regimes, statutory compliances, and documentation needed. There are also several processes, such as payroll management, employee tax & insurance, contractor management, database and attendance, payment processing, and workflow management, that business owners need to streamline. Entrepreneurs also have to ask for investment declarations, verify them, generate payslips and Form-16, and calculate TDS, PF, etc., on behalf of their staff.

To manage the above responsibilities, Indian SMEs have to hire a team of professionals or rely on many software tools, which require significant investment, brainstorming, and planning. Many small and medium enterprises in India have faced the above dilemma and found no concrete solution to their problems. Thankfully, there is a new breed of operations and financial management solutions that are much more intelligent, compliant, and cost-effective than their predecessors. This review will focus on ‘RazorpayX Payroll‘ – India’s only payroll software that automates tax, salaries, and statutory compliance payments. This payroll automation and attendance management software is designed keeping in mind the unique needs of Indian businesses. 

Introduction To RazorpayX Payroll

RazorpayX Payroll (formerly Opfin) is a groundbreaking payroll and human resource management solution that can handle clients' financial operations and compliance. This cloud-based software can automate payments to employees, vendors, and contractors and pay and file for compliances such as PF, TDS, ESI, PT, etc. RazorpayX Payroll automates payroll tasks for companies, including tax filing nuances. It enables users to set up dates for automatic payment of professional taxes like provident funds, labour welfare funds, employees’ state-wise insurance, tax deductions, and much more.

Once you set up an account on RazorpayX Payroll, you are given the option to make payments either manually or automatically. For manual payments, you are given a payment summary before the scheduled date arrives. You can review, update and approve the payment, which is further processed and reaches the concerned parties in due time. In the automatic payment mode, RazorpayX Payroll makes all the payments and salary transfers on the date and time set by you.

Razorpay Payroll Dashboard

Apart from payroll and compliance management, RazorpayX Payroll has dedicated modules to calculate leaves and attendance, create custom payroll workflows, and provide notifications and alerts. Moreover, it includes a custom biometric device that captures attendance and calculates salaries accordingly. While managers/employers (admins) can review, modify and approve individual payrolls through the software, employees also get a self-service portal to mark attendance, download salary slips and forms, and upload documents into the system. Moreover, it allows you to access government forms, receipts, and updated payroll reports from anywhere.

Typically, Indian companies have a fixed payroll assigned for every month, including employee salaries (in compliance with labour laws), vendor payments, and compliance expenses (like PF, TDS, etc.). Transferring the requisite amount to RazorpayX Payroll can completely automate the payment process. Not only are salaries and payments made on time through automation, but RazorpayX Payroll also connects with government portals to make payments seamlessly. This ensures that even smaller firms lacking specialized personnel (such as Chartered Accountants, HR managers, and consultants) can manage their finances independently, saving time and money.

Now let’s dive deeper to look at RazorpayX Payroll’s features.

Key Features of RazorpayX Payroll

RazorpayX Payroll offers a unique set of features to users who are described below.

1. Automated Payroll

RazorpayX Payroll simplifies payroll and contractor payments by automatically taking into account the necessary tax deductions and compliance measures. The software calculates tax brackets and makes necessary deductions based on the amount and the purpose of the payment. You can create individual employee profiles or bulk upload employee data into the system and assign salaries.

RazorpayX Payroll can also automatically generate UAN numbers for employees and register them for ESI. You can also add contractors and choose to set up a fixed amount paid to them every month. All payments can be automated, and taxes applicable on each payment is deducted and paid to the appropriate government authority through RazorpayX Payroll. The RazorpayX Payroll team also verifies the documents uploaded and gets the exemptions processed for you. All you have to do is run payroll, make adjustments/add incentives and forward the amount to your RazorpayX Payroll account for hassle-free payments.

2. Employee Self-service

The RazorpayX Payroll portal allows your employees to view their attendance history and all records about their payments and necessary compliance measures. Once their email addresses are entered into the system, employees are guided by an email to complete their profile. Once profiles are created, employees can directly see their salary slips, deductions, and incentives through the portal. Employees can view future payslips and take action on deductions like getting exemptions or rebates (e.g., 80G) by uploading the appropriate documents as proof.

3. Compliance

RazorpayX Payroll ensures that your business always adheres to the government's latest tax and compliance guidelines. It automatically makes the appropriate changes and deductions, so you don’t have to worry about missing payments or paying fines.

4. Time & Leave Management

RazorpayX Payroll comprises a dedicated module where employees can view their attendance history, leave balances, and unpaid leaves. They can also apply for leaves based on their leave balance. Employers can check the number of leaves taken by each employee. The system automatically provides them with the recommended amount to be deducted based on the number of unpaid leaves taken. Employers can then take a call on whether the suggested amount should be deducted from their salary.

5. Reimbursements

Employees who need reimbursements can also apply for the same using the RazorpayX Payroll portal. Once managers are satisfied with the reason/documents provided and approve payments, the amount is swiftly transferred into the employee’s account. Employees can also apply for imprest or advance payments and submit bills against them later. If there is a difference between the billing amount and the imprest amount provided, the same is deducted from the employee’s next salary.

Razorpay Payroll Register

6. Reports & Insights

RazorpayX Payroll offers several reports that come in handy to organizations of all sizes. They include,

  1. Audit Reports
  2. Documents
  3. Missing Information Report
  4. Upcoming Contractor Payments
  5. Attendance
  6. Tax Deduction
  7. PF, ESI, PT

Razorpay Paroll Report and Insights

Out of the above, the Missing Information Report showcases employees who have yet to fill certain data fields in their profiles. For such employees, RazorpayX Payroll can send them automated periodic reminders to fill up the details. Another handy report available with RazorpayX Payroll is the Ledger balance report which provides a comprehensive overview of organizational expenses and income. Ledger reports at RazorpayX Payroll can also be integrated and opened with QuickBooks accounting software.

Apart from the above, RazorpayX Payroll offers dedicated templates to help HR personnel customize and hand out official documents to employees in PDF format. There is also a provision to upload common organizational documents like policies and regulations inside the RazorpayX Payroll portal. Another great thing about the software is that it offers group insurance associated with ICICI Lombard. Employees can fill out insurance forms through the RazorpayX Payroll interface, choose the plan they like, and add members to be insured.

Our Final Verdict

RazorpayX Payroll offers many features that help businesses manage their payroll, attendance, and compliance without the need for involving specialists. RazorpayX Payroll takes full liability for your payments and enables you to adhere to mandatory government guidelines. It is the only software that ensures smooth compliance while processing payments. Thus, be it your employees, contractors, or government authorities that need to get paid, you can automate all payment transactions using RazorpayX Payroll and breathe easy, saving yourself a great deal of time, energy and hassle.

Razorpay Customers

Razorpay Customers

Razorpay Videos

Overall Razorpay Reviews

Here's our unbiased review of Razorpay. Discover how our team of experts rates its features, ease of use, customer support, and other aspects that contribute to its overall appeal.

4.4/5

Based on 11 Reviews

Write a Review Or
Ask a question
Feature Feature 4.4

Feature

Out of 5

Ease of use Ease of use 4.5

Ease of use

Out of 5

Value for money Value for money 4.3

Value for money

Out of 5

Customer support Customer support 3.8

Customer support

Out of 5

Likelihood to recommend Likelihood to recommend 90%

Likelihood to recommend

Out of 100%

Razorpay Pros and Cons

"Well Razorpay is highly scalable & productive as it provides multiple payment options for customers including credit card, debit card, and UPI for effortless payment & settlement. Most importantly as a merchant, easy tracking of transactions is allowed by the platform's dashboard while flexibility in capturing payments at a later time is offered by its developer API. Overall Razorpay integration proved out productive in driving growth & inovation."

"The most impressive thing about the tool is its setup without any prior knowledge of any such software use. Its been great after enabling instant settlement with mere 0.15% additional charge. It runs some campaigns which helps in securing some credit worth free settlement which is pretty good thing. Its interface is just excellent, i have seen many payment gateways with good interface but this one is best of all."

"Everything is pros nothing is cons"

"Well overall I am highly satisfied with Razorpay services but still little improvement is required in customer support portal & Ads management for mass adoption."

"Nothing such feature is missing, one fact is that it even charges fees for UPI transactions which should be free at least."

"Nothing."

11 Razorpay Reviews

Hear directly from customers who have used Razorpay. Read their experiences, feedback, and ratings to gain valuable insights into how this software has benefited their businesses.

Priyanshu S.

Analyst

Used the software for : 6-12 months (Weekly)

Company Size :11-50 employees

Verified By : google

4.0

Apr 11, 2023

Payment solutions via Razorpay.

Well, Razorpay is a highly scalable & productive payment solution service provider that prioritizes security while multiple payment options for customers, including credit card, debit card, and UPI, are provided. Well ss, as a merchant, easy tracking of transactions is allowed by the platform's dashboard, while its developer API offers flexibility in capturing payments at a later time. The documentation is user-friendly, and the integration process is seamless, as I have found. Additionally, other developer APIs and a responsive gateway are offered by Razorpay, making it a reliable and convenient option. Well, Overall, my experience with Razorpay has been positive, and it has helped me efficiently receive payments effortlessly.

Feature Feature 4

Feature

Out of 5

Ease of use Ease of use 4

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 3

Customer support

Out of 5

Razorpay After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about Razorpay?

Well Razorpay is highly scalable & productive as it provides multiple payment options for customers including credit card, debit card, and UPI for effortless payment & settlement. Most importantly as a merchant, easy tracking of transactions is allowed by the platform's dashboard while flexibility in capturing payments at a later time is offered by its developer API. Overall Razorpay integration proved out productive in driving growth & inovation.

What do you dislike about Razorpay?

Well overall I am highly satisfied with Razorpay services but still little improvement is required in customer support portal & Ads management for mass adoption.

What features is Razorpay currently missing?

No, almost all services are upto marks in comparision to alternatives present in market.

What other products like Razorpay have you used or evaluated?

Well earlier I use to integrate with PayU payment gateway but due to higher pricing issues I personally moved on to Razorpay gateway.

Abhishek A.

Owner

Used the software for : 2+ years (Daily)

Company Size :1-10 employees

Verified By : google

5.0

Apr 11, 2023

Payment Gateway Of Modern Day

Razorpay is part of our organization through which most payments are made. We have been using it for years, and it has been improving its services daily with multiple features added with time. Now I have taken the Razorpay X card, which is useful in spending business purchases. Other good qualities include the instant settlement, which was earlier T+1 days. I can generate a payment link and send it to someone easily to pay from any payment method he wants.

Feature Feature 4

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 4

Value for money

Out of 5

Customer support Customer support 4

Customer support

Out of 5

Razorpay After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about Razorpay?

The most impressive thing about the tool is its setup without any prior knowledge of any such software use. Its been great after enabling instant settlement with mere 0.15% additional charge. It runs some campaigns which helps in securing some credit worth free settlement which is pretty good thing. Its interface is just excellent, i have seen many payment gateways with good interface but this one is best of all.

What do you dislike about Razorpay?

Nothing such feature is missing, one fact is that it even charges fees for UPI transactions which should be free at least.

What features is Razorpay currently missing?

not as such.

What other products like Razorpay have you used or evaluated?

payUmoney

RADHE S.

Operation Teams

Used the software for : 2+ years (Daily)

Company Size :1-10 employees

Verified By : google

5.0

Nov 21, 2022

Best Payment Gateway In Market

Razorpay is the best in the Market as our company has scaled our online revenue with Razorpay. It provides you with a Payment Gateway, a virtual bank account of razor pay, and various features like checkout rewards for the customer for free of cost to the merchant, and they have been excellent. Team Radhe Store

Feature Feature 5

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

Razorpay After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about Razorpay?

Everything is pros nothing is cons

What do you dislike about Razorpay?

Nothing.

What features is Razorpay currently missing?

Visit razorpay.com to know all freatures

What other products like Razorpay have you used or evaluated?

Stripe ( for international payments)

How Razorpay is better/different from its competitors?

Best in class support and services

Abhishek A.

Head of Organisation

Used the software for : 1-2 years (Daily)

Company Size :51-200 employee

5.0

Jun 17, 2022

Best payment gateway in the market

I have been using Razorpay for more than one and a half years, and we have had a good impact on it. In the early stage, the payment used to take T+3 working days to get settled, but in the last few months, it is provided speedy settlement that is two times a day 1st at 9 AM and then 5 PM for payment received after 9 AM. In addition, it offers many payment options such as many debits and credit cards, EMI options, many wallet options, and even 3-4 pay later services, which helps our customers pay according to their convenience. It's been an incredible journey, and I expect the same in the future.

Feature Feature 4

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 4

Value for money

Out of 5

Customer support Customer support 4

Customer support

Out of 5

Razorpay Mobile App Experience

1 2 3 4 5 6 7 8 9 10

Razorpay After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about Razorpay?

The most impressive feature for us is the variety of payment options it provides ranging from 10+ wallets to pay later options with traditional payment options like debit and credit cards. Now we can make settlement anytime with just a click with a nominal fee of 0.15% which is a great step by Razorpay. I can create individual payment link when needed and we have integrated with various tools which enables us to receive payment via WhatsApp and use it on other websites too.

What do you dislike about Razorpay?

One thing that hurts most is the fee, it doesn't charge a fee at the time of setup but charges fee on every transactions which is 2.4% with gst. I think this should be reduced to somewhere 1-1.5% max.

What features is Razorpay currently missing?

I can't say there is a missing feature but the most painful thing is the charge that is 2.4% of total transaction value.

What other products like Razorpay have you used or evaluated?

PayU Money

How Razorpay is better/different from its competitors?

I think razorpay is far better than this because it doesn't have a large variety of payment options and even settlement time is more.

Rakesh

Used the software for : 2+ years

Company Size :51-200 employee

5.0

Apr 15, 2022

The best and top payment gateway with great features.

I was confused about integrating a payment gateway, but once I started using Razorpay, their features skyrocketed my business growth. However, their support team needs to be improved.

Feature Feature 5

Feature

Out of 5

Ease of use Ease of use 4

Ease of use

Out of 5

Value for money Value for money 4

Value for money

Out of 5

Customer support Customer support 3

Customer support

Out of 5

Razorpay Mobile App Experience

1 2 3 4 5 6 7 8 9 10

Razorpay After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about Razorpay?

Technology behind payments, fast payouts

What do you dislike about Razorpay?

Weak Support team

Do you think Razorpay delivers value for the money spent?

Not Sure

Are you satisfied with Razorpay features?

Yes

Did implimentation of Razorpay was easy?

Yes

What features is Razorpay currently missing?

They should not charge for UPI transactions, because UPI is free by government of India.

What other products like Razorpay have you used or evaluated?

I have gone with Paytm Payments Gateway, but their technical support is not good and not more features and late payout.

How Razorpay is better/different from its competitors?

It's technology over other competitors is awesome. Their growth is good.

AMIT K.

Used the software for : Less than 6 months

Company Size :11-50 employee

1.0

Feb 09, 2022

Payment Hold Without No Reason. Unsatisfying Customer Support

Razorpay Provides many useful features but they hold my payment from 23 of December. and didn't give any reason adjunctly why they need to do so. They ask for every document which I provide them, they also ask for customer panel test Credential, every license's, certificate, email, delivery proof, I provide everything but they didn't settle my amount until now, I mailed multiple times they only reply once in a day, on their chat panel they always reply that we personally raise your concern to support team, and close my chat request reflecting solved status, they also not make a call even after requesting call back feature.

Feature Feature 4

Feature

Out of 5

Ease of use Ease of use 4

Ease of use

Out of 5

Value for money Value for money 1

Value for money

Out of 5

Customer support Customer support 1

Customer support

Out of 5

Razorpay Mobile App Experience

1 2 3 4 5 6 7 8 9 10

Razorpay After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about Razorpay?

Everyone uses this service for risk-free fast settlement, if they cannot provide it there is nothing impressive.

What do you dislike about Razorpay?

if you cannot provide trustable bonds just remove all your services.

Do you think Razorpay delivers value for the money spent?

No

Are you satisfied with Razorpay features?

No

Did implimentation of Razorpay was easy?

Yes

What features is Razorpay currently missing?

payment settlement.

Husain I.

Used the software for : 2+ years

Company Size :51-200 employee

4.0

Aug 24, 2021

Its an easy and efficient payment gateay

We have been accepting payments around the world , just has problems at times with amex cards. overall reporting , ease of use and lower commission charges than paypal is good

Feature Feature 4

Feature

Out of 5

Ease of use Ease of use 4

Ease of use

Out of 5

Value for money Value for money 4

Value for money

Out of 5

Customer support Customer support 3

Customer support

Out of 5

Razorpay Mobile App Experience

1 2 3 4 5 6 7 8 9 10

Razorpay After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about Razorpay?

simple setup and use

What do you dislike about Razorpay?

FIRC

Do you think Razorpay delivers value for the money spent?

Yes

Are you satisfied with Razorpay features?

Yes

Did implimentation of Razorpay was easy?

Not Sure

What features is Razorpay currently missing?

Auto FIRC and TDS reimburesment

Anurag

Used the software for : 2+ years

Company Size :51-200 employee

5.0

Nov 23, 2020

Usefulness of razorpay payment gateway

Razorpay has been very easy to integrate on my website. Also, I have found its documentation very informative and concise.

Feature Feature 5

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

Razorpay Mobile App Experience

1 2 3 4 5 6 7 8 9 10

Razorpay After Sales Service Rating

1 2 3 4 5 6 7 8 9 10

What do you like best about Razorpay?

Smoothness and easy to use

What do you dislike about Razorpay?

Costly

Do you think Razorpay delivers value for the money spent?

Yes

Are you satisfied with Razorpay features?

Yes

Did implimentation of Razorpay was easy?

Yes

What features is Razorpay currently missing?

Error messages can be more informative

What other products like Razorpay have you used or evaluated?

Juspay

How Razorpay is better/different from its competitors?

Very easy to integrate and smooth to use

Jishnu M.

Used the software for : 2+ years

Company Size :51-200 employee

5.0

Jul 27, 2020

Feature Feature 5

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

Prachi C.

Used the software for : 2+ years

Company Size :51-200 employee

5.0

Feb 17, 2020

Feature Feature 5

Feature

Out of 5

Ease of use Ease of use 5

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 5

Customer support

Out of 5

Rishabh

Project Manager

Used the software for : Less than 6 months

Company Size :1-10 employees

4.0

Feb 17, 2020

Best Payment Gateway in India

Overall loved razorpay!! Would recommend highly. Everything from onboarding to payment collection was smooth. Dashboard gives you smooth access to functionalities and payment pages look professional.

Feature Feature 3

Feature

Out of 5

Ease of use Ease of use 4

Ease of use

Out of 5

Value for money Value for money 5

Value for money

Out of 5

Customer support Customer support 4

Customer support

Out of 5

What do you like best about Razorpay?

Easy creation of payment pages and single use links. The payment page looks professional, and the account you activated very soon!

What do you dislike about Razorpay?

Need more customisation options on single use payment links

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Alternatives of Razorpay

Explore alternative software options that can fulfill similar requirements as Razorpay. Evaluate their features, pricing, and user feedback to find the perfect fit for your needs.

Razorpay FAQs

How much does Razorpay cost?

The starting price of Razorpay is ₹ 2/User/Month. It has different pricing plans:

  1. Payment Gateway : ₹ 2/User/Month

The details of Razorpay’s free trial have not been shared by the vendor.

What are the top 5 features for Razorpay?

The top 5 features for Razorpay are:

  • Zero Setup Cost
  • Multicurrency payment processing
  • Online Payment
  • Invoices
  • Multiple Payment Types
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