Razorpay – An Indian Best Online Payment Gateway

Razorpay is an Indian-based fintech company that provides online payment gateway services to merchants, vendors, and e-commerce platforms.

This is an online payment system that is created to take care of ‘end-to-end’ payments that can also be integrated with different applications and websites.

The company was founded by IIT Roorkee alumni Harshil Mathur and Shashank Kumar.

Logo?

Founder?

Shashank Kumar and Harshil Mathur.

In 2014, Harshil Mathur and Shashank Kumar met at IIT Roorkee when the duo decided to work on a cashless platform.

However, they both realized that online payment system was a problem for SMEs and SMBs, especially e-commerce companies. Therefore, they created this app to solve this problem.

Headquarters?

Headquartered in Bangalore (Karnataka), India.

Razorpay CEO?

Harshil Mathur May 2014.

Website?

Link: Click Here

Registered Address?

1st Floor, SJR Cyber, 22 Laskar Hosur Road, Adugodi, Bangalore, Karnataka – 560030, India

Revenue?

As per some internet Sources,

• Razorpay Revenue: $123.30M in 2023 Yr.
• Total Funding: $384.6M.
• Valuation: $7.5B.

Number Of Employees?

Currently, this company is believed to own an estimated 2k to 5k employees.

Number Of Users?

Over 8 Million Businesses use this payment gateway as of FY 2023.

Competitors?

Top competitors are companies like PayU, Stripe Connect, Google Pay, Phonepe, PayPal, FreeCharge, MobiKwik, Payoneer, GoCardless, and Paytm Business.

Is Razorpay Safe?

Yes, it doesn’t save any of your sensitive information. We’ve invested massively in an industry-standard framework to ensure that your private data is not compromised.

What is Razorpay Fee Per Transaction?

As per the standard plan designed for medium and small enterprises, Razorpay India charges 2% per transaction.

However, this application also offers a company plan designed for large volumes and gives you the best prices possible for your business.

Steps To Withdraw Money From Razorpay?

1. Launch demo checkout.
2. Then provide your Email address and Phone number.
3. After that Select Bank Transfer as your Payment method.
4. Now Click Copy Details to copy the Bank Account number, Beneficiary Name, and IFSC code.
5. Then go to your preferred Net banking portal, Enter the copied details, and initiate an online bank transfer.

How Do I Contact Razorpay?

1. First, Log into the Dashboard.
2. Then click the headphone icon to open the Help and Support pop-up.
3. Click Chat with us.
4. On the opened pop-up page, select the nature of your query and start chatting with our support team.

Can Unregistered Businesses Use Razorpay?

Razorpay empowers Freelancers and Other Unregistered Businesses with a complete online payment solution that customers instantly love.

What Documents Are Needed For Razorpay Account?

1. Income Tax Registration (PAN Card).
2. Government-approved identity and address Proof of Proprietor (Like Aadhar Card/DL/Passport/Voter ID).

How Do I Generate A Razorpay Key?

1. First Log into your Dashboard with proper credentials.
2. Then select the Live mode or Test mode for which you want to generate the API key.
3. Now Navigate to Settings –> API Keys –> Generate Key to generate a key for the selected mode.

Which Payment Gateway Is Best In India?

1. CCAvenue Payment Gateway.
2. Razorpay Payment Gateway.
3. PayUBiz India Payment Gateway.
4. Citrus Pay Payment Gateway.
5. Zaakpay Payment Gateway.
6. Instamojo Payment Gateway.
7. Atom Paynetz Payment Gateway.
8. Direcpay Payment Gateway.

Is Razorpay Payment Gateway Free?

No. this payment system charges a standard fee to customers for using its payment gateway.

Importance Info?

Razorpay Customer Care Number – 1800 123 1272 (Toll Free)

For any support Click Here.

Razorpay share price – Click Here.

What explicitly does Razorpay do?

Razorpay assists you in accepting online payments from business or individual customers across Android, iOS, Desktop, and Mobile web.

In Addition to this, by using the Razorpay Payment app, you can collect payments across multiple channels like mobile WhatsApp, SMS, Email, and Messenger.

Why is Razorpay so popular?

In FY 2014, after finding the miserable state of online payments in India Shashank and Harshil founded Razorpay company. Razorpay is India’s first payment gateway.

This is created for Startup companies as a platform for an affordable, simple, and secure way for businesses to accept payments online.