Razorpay Pricing in May 2026

Razorpay's pricing follows transaction-based model: 2% per domestic transaction (India), 3% for international cards, with custom Enterprise pricing. There's no monthly fee — Razorpay makes money per-transaction. Real-world Razorpay costs scale linearly with revenue.

The Free to Start offer is genuinely zero-upfront — no setup fees. The strategic decision: Razorpay's value is the depth of India-focused features: UPI integration that just works, KYC compliance baked in, and pricing structures aligned with Indian SMB and SaaS economics. For broader payment processing globally, Stripe operates in India and is the major global alternative — strong outside India but historically weaker on India-specific payment methods (catching up with UPI and EMI support). PayU India is the legacy direct competitor with similar India focus. Cashfree, Instamojo, and CCAvenue target Indian SMBs at varying price points. PhonePe Business and Paytm for Business target the same market. For specific use cases: Razorpay Magic Checkout targets D2C e-commerce; Razorpay X targets business banking and payouts. For broader payment processing globally, Stripe, Adyen, and Checkout.com compete on global breadth. For SaaS-specific subscription billing, Chargebee (Indian-headquartered) integrates strongly with Razorpay; Stripe Billing competes at scale. For merchant-of-record models, Paddle and Lemon Squeezy operate globally and handle Indian customers without separate setup. For UPI-specific integrations, Razorpay leads but PhonePe and Paytm offer specific UPI-first integrations. For neobank-style banking-and-payments, Open and RazorpayX target Indian SMBs.