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Razorpay vs Cashfree

razorpay vs cashfree

Razorpay and Cashfree are both online payment gateway services in India. They allow businesses to accept payments online from customers using a variety of payment methods, including credit cards, debit cards, net banking, and digital wallets. Both Razorpay and Cashfree offer similar features and services, such as integration with popular e-commerce platforms, automatic reconciliation of payments, and support for multiple currencies.

What Is A Payment Gateway?

A payment gateway is an online platform that allows merchants to accept payments from customers. The payment gateway allows credit card, debit card and UPI, digital wallets transactions. The number of users in payment gateways has rapidly increased. As per reports, the Indian digital payments’ industry is estimated to grow up to US$700 billion by 2022. There has a huge acceptance of cash-free transactions across the world. There are many payments gateways available now, razorpay and cashfree are most popular now, in India over 8 million businesses use Razorpay and 1,00,000+ businesses use cashfree.


Razorpay was founded by Harsil Mathur and Sashank Kumar in 2014.Razorpay is one of the popular payment gateways in India. Razorpay enable all the major payment debit card, credit card internet baking, UPI, EMI, and all popular wallets also you can make recruiting payment with them. The company ensures a fast, secure, hassle-free, and affordable payment gateway for Merchants and other empowered firms. With razopay small and large enterprises can easily accept payments in multiple ways like a credit card, debit card UPI, etc.Razorpay subscription has a UPI autopay feature, it is helping in the registered businesses where payments get easier for others from different apps.

Features of Razorpay

  • Razorpay is safe it uses tokenization for data security which converts users’ sensitive data to non-sensitive data for better data privacy also they installed SSL certification.
  • Accepts internal payment, it supports nearly 100+ major currencies from all over the globe.
  • Automatically does Currency conversion, you don’t require doing that.Zero Withdrawal Fees
  • Customer Support: Chat Support is available 24/7 and Online Activation within 24 hours.
  • Razorpay offers two pricing plans- a Standard Plan and an Enterprise Plan.
  • Depending upon the payment mode 2% to 3% Transaction fee on India debit/credit card, net-banking, UPI, and Mobile wallets
  • 18% GST applicable on the transaction fees.
  • 3% on Diners and Amex Cards, International cards, EMI
  • Zero Withdrawal Fees
  • It’s simple to create a razorpay account
  • 5-7 business days refund time
  • Zero setups and maintenance Charge
  • 100+ payment modes
  • Easy integration with less code.
  • Top brands that use Razorpay -book my show, swiggy, Facebook, Airtel, Disney-Hotstar, zomato

Published on 10-2-2022, source:


Cashfree Payments was founded Akash and Reeju in 2015 as a payment gateway. Cashfree is an Indian Payment gateway that can accept payments from customers and make payouts. Now it is used by 500,00+ businesses for vendor payouts, wage payouts, bulk refunds, etc. Cashfree supports credit/debit cards, net banking, and UPI. cashfree has a Solution called “Cashgram” it is an extension Payout system that enables merchants to send money to their user and vendors. Cashfree also supports several eCommerce CMS systems and has easy integrations for Shopify India, WooCommerce India, and Magneto.

Features of Cashfree

  • cashfree has a customized price feature if you have many transactions or even microtransactions,
  • 1.90% transaction fee for Google Pay, Digital wallets, Net banking, and selected Credit/Debit cards.
  • 0% transaction fee for UPI and RuPay
  • Transaction fee 3.5% + INR 7 for Visa and Mastercard international Credit/Debit cards.
  • Zero setup fee and account maintenance fee
  • Easy to configure
  • 24 hours – 48 hours settlement time
  • Simple process to create cashfree account
  • Esay to integrate
  • 5-7 business days refund time
  • Zero Withdrawal Fees
  • 24/7 live customer support
  • Cashfree is a safe and secure payment gateway
  • Multilanguage enterprise-level support for all merchants.
  • Cashfree is integrated with major platforms like Shopify, PayPal, Amazon Pay, Google Pay, and Ola money (wallet and postpaid both).

Published on 10-2-2022, source:


Selecting the right payment gateway is an essential part of a business. While confirming a payment gateway, you have to ensure it fulfills your business needs and budget. are you looking for help to decide on a payment gateway for your business? feel free to contact imagino solutions for online payment solutions.

See Also:

Digital Wallet vs Payment Gateway

What Are Recurring Payments? Why Is it Important For Business?

Payment Processor Vs Payment Gateway

What is a payment gateway?

How to accept payments: 6 ways to accept payments online.

Razorpay Payment Services and its Benefits