Payment Gateway Comparison
Feature/Criteria Razorpay Paytm Payment Gateway Cashfree Payments Founded 2014 2010 2015 Supported Payment Methods UPI, Cards, Netbanking, Wallets, EMI UPI, Cards, Netbanking, Wallet, EMI UPI, Cards, Netbanking, Wallet, EMI Settlement Time T+2 working days T+1 working day T+1 working day (can be instant) International Payments Yes (via activation) Limited (only for select merchants) Yes (with approval) Payout/Banking Solution RazorpayX Yes (limited) Yes (Cashfree Payouts) Recurring Payments Yes (Subscriptions) Yes (Auto-debit) Yes (with Mandate/Subscriptions) No Website? Payment Links, Payment Pages Payment Links, QR Codes Payment Links, QR, WhatsApp Checkout Ease of Integration Excellent (API-rich & Dev-friendly) Easy (but UI slightly older) Easy and lightweight APIs Plugins/Platforms Shopify, WooCommerce, Magento, etc. Shopify, Magento, custom integrations WooCommerce, Shopify, etc. Support 24/7 Email + Chat Ticket-based, limited support timings Email, Chat, Phone (Good turnaround) Dashboard Interface Modern, data-rich Functional, but less advanced Clean and straightforward Pricing (Domestic) 2% for cards, wallets, netbanking; 0% UPI 1.85%–2.5% (depends on method) 1.75%–2% (low cost for UPI and cards) Chargeback Support Yes (well-handled with panel) Yes Yes Developer Tools Strong API + SDKs + Webhooks Basic API API + Ready libraries + Webhooks
🔍 Payment Gateway Comparison: Which One Should You Choose? Payment Gateway Comparison: Choose Razorpay if you want a full-stack solution with developer-friendly APIs, subscriptions, and powerful analytics. Choose Paytm if your customers are heavy Paytm Wallet users or if you’re targeting more casual mobile UPI users. Choose Cashfree if you want fast settlements, affordable pricing , and strong payout automation features.🏁 Final Verdict Business Type Best Option Startups & Developers Razorpay Small Shops & QR Pay Use Paytm Low-cost Bulk Payouts Cashfree SaaS & Recurring Billing Razorpay or Cashfree NGOs / Freelancers Razorpay (Payment Links)
Here’s a pricing breakdown chart comparing Razorpay, Paytm, and Cashfree for domestic transactions in India (as of 2025):
💰 Payment Gatewy Pricing Comparison (India – 2025) Payment Mode Razarpay Paytm Cashfree UPI (B2C Transactions) 0% (under ₹2,000)*0% 0% Credit Cards (Visa/Master) 2% + GST 1.85%–2.5% + GST 1.90% + GST Debit Cards (RuPay) 0% (under ₹2,000)* 0% 0% Net Banking 2% + GST 1.85%–2% + GST 1.75% + GST Wallets (Paytm, PhonePe) 2% + GST 1.85%–2% + GST 2% + GST EMI / BNPL 2%–3% + GST 2.5%–3.5% + GST 2.5%–3% + GST International Cards 3% + GST Limited support 3.5% + GST (on request) Settlement Charges ₹0 (T+2) ₹0 (T+1) ₹0 (T+1) or Instant ₹1–5 Refund Charges ₹0 ₹0 ₹0 Chargeback Fee ₹300–₹500 per case ₹250–₹500 per case ₹300 per case
💡 *UPI transactions under ₹2,000 may be free of MDR for some business categories, depending on RBI norms and updates.
Additional Notes: All platforms charge GST (18%) over the MDR (Merchant Discount Rate). Some platforms offer custom pricing for high-volume merchants —negotiable based on monthly transactions. Razorpay and Cashfree support instant settlements with a small fee (~₹1–5/transaction). Here’s a simple Fee Calculator Template (you can use it in Excel, Google Sheets, or manually):
📊 Payment Gateway Fee Calculator Template 💼 Input Fields: Field Your Input Sale Amount (₹) e.g., 1000Payment Method e.g., UPI / Credit CardGateway (Razorpay/Paytm/etc.) Select
🧮 Fee Breakdown Table: Gateway Payment Method MDR (%) GST (18%) Total Fee (₹) Net Amount You Receive (₹) Razarpay UPI 0% 0 0.00 1000.00 Razorpay Credit Card 2% 0.36 20.36 979.64 Paytm Net Banking 1.85% 0.33 18.83 981.17 Cashfree Wallet 2% 0.36 20.36 979.64
🧾 Formula Reference: Total Fee = Sale Amount × MDR GST = Total Fee × 18% Net Amount = Sale Amount − (Fee + GST)
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