Payment Gateway

A payment gateway is an online payments service that can be integrated into an e-commerce platform. It acts as a channel for making and receiving payments. Payment gateways are used to receive an endless number of payments securely. This allows a quick and convenient payment process and aids in multiple payment-related tasks.

Here are the costs associated with some of the top payment gateways in India

Razorpay business account offers an array of features for merchants and businesses. You can use this account to pay vendors, employees, and customers. However, before you can start the payouts, you need to ensure that the RazorpayX business account has sufficient funds. To add money to your Razorpay business account, you can use any of the following two methods

If you’re a customer, using the Razorpay payment gateway to pay for an online transaction, then you don’t have to do anything to check the status of the Razorpay payment. You will automatically receive an email verifying the success of the transaction from Razorpay. Note that Razorpay is a payment gateway and only facilitates the process of payment. To get further details of your order,  you can contact the merchant.

Razorpay is one of the most innovative and popular payment gateways in India. Founded by a group of IIT Roorkee alumni, the company promises to make money management efficient and hassle-free for online businesses in India. It is backed by industry giants like Sequoia, Ribbit Capital, Tiger Global, Matrix, Y Combinator and several others.

By using the Razorpay payment gateway, you can receive online payments from your customers. However, you need to activate your account, before you can begin accepting payments.

No. Razorpay charges a nominal fee to customers for using its payment gateway. While setting up the Razorpay payment gateway for your online store, merchants can choose from two different plans.