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

Our Awards and Recognition

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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.

  • Card Storage Vault
  • Dynamic Event Notification
  • Electronic Check Processing
  • Flat Transaction Fee
  • Fraud Screening
  • Integrated Merchant Account
  • Invoice Payments
  • Invoices
  • Live Monitoring
  • Multicurrency
  • Multicurrency payment processing
  • Multilingual Checkout Page
  • Multiple Bank Connection
  • Multiple Payment Options
  • Multiple Payment Types
  • No Paperwork
  • Payment Analytics
  • Robust Security
  • Secured server
  • Simplified Integration
  • Start in Minute
  • Transaction Alerts
  • Transaction Data Management
  • Watertight Security
  • Zero Setup Cost
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  • ACH Check Transactions
  • Credit Note Management
  • Customer Communication
  • Data Entry Saver
  • Debit Card Support
  • Fraud Prevention
  • Generate Comprehensive Reports
  • Gift Card Management
  • Integrate Different Payment Gateways
  • Internet Merchant Account
  • Invoice Application
  • Invoice Management
  • Invoice Payments
  • Invoices
  • MIS Reports
  • Multiple Merchant Numbers
  • Multiple Payment Options
  • Online Payment
  • Pay Services
  • Payment Analytics
  • Payment Processing
  • POS Terminals
  • POS Transactions
  • Purchase Order
  • Receipt Printing
  • Recurring Billing
  • Secure Data Management
  • Transfer Key Information to Banks
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  • ACH / eCheck support
  • ACH Check Transactions
  • Bitcoin Compatible
  • Credit / Debit Support
  • Debit Card Support
  • Mobile Payments
  • Online Payments
  • POS Transactions
  • Recurring Billing
  • Signature Capture
  • Access control
  • Account Tracking
  • ACH Check Transactions
  • ACH Payment Processing
  • Audit Trail
  • Bitcoin Compatible
  • Buy Now Pay Later
  • Campaign Management
  • Cash Transactions
  • Catalogs
  • Check Processing
  • Client Statements
  • Contactless NFC
  • Data Entry
  • Data Verification
  • Debit Card Support
  • Deferred Billing
  • Document Imaging
  • Document Indexing
  • Document Management
  • Dunning Management
  • Dynamic Pricing
  • eCommerce Tools
  • Electronic Receipts
  • Electronic Signature
  • Exceptions Management
  • File Integrity Monitoring
  • For Airlines
  • For Hospitality Industry
  • Forecasting
  • Gift Card Management
  • Internet
  • Intrusion Detection System
  • Inventory control
  • Invoice Processing
  • License Issuance
  • Log Management
  • Mobile Card Reader
  • Mobile Payments
  • Multi-Currency
  • Multi-Period Recurring Billing
  • Newsletters
  • Newspapers
  • Online Payment Processing
  • Online payments
  • Overpayment Processing
  • Partial Payments
  • Patch Management
  • Payment Gateways
  • Payment Processing
  • PCI Assessment
  • PCI Compliance
  • Permit Issuance
  • Policy Management
  • POS Transactions
  • Price Optimization
  • Receipt Management
  • Receipt Printing
  • Recurring Billing
  • Recurring Invoicing
  • Recurring/Subscription Billing
  • Remote Capture
  • Self Service Portal
  • Signature Capture
  • Transaction management
  • Utility Billing
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  • ACH and Bank Transfer Support
  • Batch Processing
  • Credit Card Processing
  • Customer Payment Profiles
  • Customer Support and Assistance
  • Customer Wallets and Stored Payments
  • Debit Card Processing
  • E-commerce integration
  • Fraud detection and prevention
  • International Payment Processing
  • Invoicing and Billing Management
  • Mobile Payment Support
  • Multi-currency support
  • Online Payment Processing
  • Payment Analytics and Insights
  • Payment APIs and Developer Tools
  • Payment Gateway Integration
  • Payment Notifications and Reminders
  • Payment Plan and Installment Options
  • Payment Reconciliation
  • Payment Tracking and Reporting
  • PCI-DSS Compliance
  • Point-of-Sale (POS) Integration
  • Recurring Billing
  • Refunds and Chargebacks Handling
  • Secure Payment Transactions
  • Split Payments and Revenue Sharing
  • Subscription Management
  • Tax Calculation and Compliance
  • Tokenization for Card Data Security
  • Virtual Terminal for Manual Payments
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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
Get Pricing

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
SMBs
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

Thinking about using Razorpay? Check out verified user reviews & ratings based on Razorpay's features, user-friendliness, customer support, and other factors 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."

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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

What type of customer support is available from Razorpay?

The available support which Razorpay provides is:

  • Phone
  • Email
  • Live support
  • Tickets
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