Regional payment platform
Razorpay
Cheapest published
2% platform fee (domestic, India)
Rate position
Razorpay sits in the middle third
Across 14 published-rate vendors in this comparison.
Razorpay headline answer
Razorpay's cheapest published rate is 2% platform fee (domestic, India). Pricing model: flat-rate. Monthly fee: $0. Dispute fee: Per scheme. Cross-border: Per scheme. FX: Per scheme.
Tier table (vendor-published)
| Tier | Rate | Notes |
|---|---|---|
| Visa/Mastercard/Amex/Diners | 2% platform fee | - |
| Corporate cards | 2.15% | - |
| UPI | Zero MDR + 2% platform fee | - |
| Net banking | 2% platform fee | - |
Source: https://razorpay.com/pricing/ (verified 2026-06-19).
What Razorpay is best for
- India-based merchants needing UPI, net banking, cards, and wallets behind one API.
- International merchants selling into India where Razorpay's local rails reduce drop-off.
Hidden costs and gotchas
India-focused. UPI is MDR-free by RBI policy but Razorpay charges a 2% platform fee across all instruments.
- UPI has zero MDR by RBI policy but Razorpay still charges a 2% platform fee.
- Corporate cards 2.15%.
FAQ
Why is UPI not free?
MDR (Merchant Discount Rate) is zero by RBI mandate, but Razorpay's 2% platform fee covers settlement, reconciliation, and dashboard.
Can Razorpay process international cards?
Yes, at scheme rates. International merchants use Razorpay for the local rails and accept the same 2% platform fee.
Closest alternatives
See the full vendor index, run the cross-vendor cost calculator, or read how we verify every rate.
verified Last verified June 2026