Razorpay is the newest payment gateway in India to offer payment processing services. They have a very low transaction fee of 0.5% for all transactions, which is lower than the average 2% charged by other payment gateways.
Razorpay was founded in 2014 by IIT graduates Shripal Gandhi, Harshil Mathur and Vikram Raghuvanshi. The company has raised $25 million in funding from investors like Sequoia Capital and Tiger Global Management.
Razorpay’s main competitor is Paytm, which also offers a low transaction fee of 1%. However, Razorpay offers a wider range of services like instant refunds and online bill payments which Paytm does not provide yet.
What is Razorpay
Razorpay is a payment gateway that allows you to accept payments from customers in India.
Razorpay was founded by Harshil Mathur and Shubham Chopra. They wanted to make online transactions easier for Indian customers. The company was started in 2013, and they have been growing ever since.
Razorpay provides a way to accept payments from your customers through their website or mobile application. It is PCI-DSS compliant, which means that it has been rigorously tested by security experts to make sure your data is safe and secure while processing payments.
Razorpay is a payment gateway for Indian merchants. It helps them accept payments in Indian Rupees and also provides them with a range of other services such as fraud protection, card processing, and customer support.
Razorpay is the first payment gateway in India that offers an all-in-one solution for accepting payments from customers. It is one of the cheapest payment gateways available in India at the moment.
How Does Razorpay Work?
Razorpay is a payment gateway service provider in India. It enables online merchants to accept payments from their customers using credit cards, debit cards and net banking.
Razorpay does not charge any transaction fee for debit card and credit card transactions. But it charges a flat fee of 1% for all other transactions.
What are the Benefits of Using Razorpay?
Razorpay is a payment gateway that offers a wide range of benefits to the customers.
Some of the benefits that they offer are:
– Razorpay provides an easy and secure way to make payments online.
– They provide a complete end-to-end solution for merchants and banks, which includes payment processing, settlement, risk management and other back office functions.
– They also offer a wide range of integrations with third party services such as accounting software.
How to Get Started with Razorpay?
Razorpay is a payment gateway for Indian businesses. It provides a simplified and secure way for payments from customers.
To start using Razorpay, you need to register for a new account. You can do this by opening the registration form and filling out the required details. Once you submit it, Razorpay will send an email with your login information to your inbox.
Concluding Thoughts about RazorPay
The company has a strong focus on customer experience and security. It is one of the few payment companies that offer a zero-fee account for customers. The company also has a team of experts in the field of cryptography who are constantly working to make sure that their system is safe and secure.