Razorpay - A payment gateway solution - Fusion - WeRIndia

Though some people are aware of digital transactions, most of the Indians are still facing problems to use digital media. Having felt that frictionless transactions in the country are a big challenge, Razorpay came into light. It is a payment gateway solution.

Razorpay aims to revolutionize digital payments by providing secure and affordable gateway to merchants, ecommerce and other companies that accept digital payments. The company also wants to offer clean and developer-oriented APIs with hassle-free integration.

Razorpay is a Bengaluru based company. This was founded by IIT Roorkee alumni.

Registration and activation is mandatory to get their services with all required details that are prescribed on their website.

It is also mandatory for a company to be registered in India to perform live transactions.

Razorpay supports the Indian currency as the final payment currency; however it supports international credit cards.

Payment modes to the company include credit cards, debit cards, mobile wallets of Freecharge, Airtel Money, PayuMoney, Mobikwik, PayZapp, Ola Money and JioMoney. You can also pay using net banking. UPI and EMI options are also available.

Razorpay has various pricing plans. You can also get a custom plan if your transaction volume is large.

You can try their test or real checkout process. Yet, the live version will deduct real money. Money is transferred to a merchant account within three business days.

All modern mobile devices, including tablets and mobile phones are supported by the company.

Razorpay has flash checkout process for faster payments.

Their standard plan is intended for startups, and small and medium enterprises. Their enterprise plan is useful for enterprises.

The company assures that its API is completely REST based and checkout experience is flawless as it does not redirect away from your website. It also provides support round the clock.

 

Image Reference: Yourstory, Codecanyon.net