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Here Is a Useful Case Study on Razorpay

What is Razorpay?

Razorpay is a payment gateway and online payment service provider for Indian companies. It was founded in 2013, and the Razorpay founders are IIT alumni Shashank Kumar, Harshil Mathur, and Sumit Jain. Razorpay is an online payment gateway that helps merchants accept payments from their customers through debit or credit cards. It also offers recurring billing, real-time transactions, and order management tools to help businesses grow. Razorpay is one of the most accessible payment gateways that provide online payments, prepaid cards, digital payments, and remittances.

Razorpay founder Harshil Mathur invested in this online payment application with all they have, and now it has grown to be one of the most popular payment gateways in India. In 2017, Razorpay crossed the $1 billion transaction mark per month on its platform, including B2B and B2C transactions across 4500+ merchants, including some of the largest online payment services.

Razorpay payment options

Razorpay Payment includes a wide range of options for its users. Here is the list of the methods for accepting payments. 

  • Payment gateway
  • Payment links
  • Payment pages
  • Payment buttons 
  • QR codes
  • Instant settlement 
  • Instance voices 
  • Smart collect 
  • Subscription 
  • Razorpay tokenhq

All these facilities users can efficiently utilise through the Razorpay app. Business Banking Plus also includes a wide range of financial options exclusively for business. These options are, 

  • Razorpay
  • Vendor payments
  • Payouts 
  • Payout links
  • Current account
  • Tax payments 
  • Payroll
  • Razorpay capital
  • Marketplace instant settlement 
  • Corporate cards
  • Cash advance 

Via the Razorpay app, you can also easily see the live demo for utilizing Razorpay and efficiently taking full advantage of this platform. 

Razorpay subscription

One of the great things about this online payment platform is that it is free for starters. With zero investment and subscription fees, you can start using the Razorpay app via your mobile phone quickly. Features provided in the free version are as below. 

  • Email, call support, and chat available
  • Paper-less activation, completely online
  • Checkout JS, Mobile SDKs, Developer APIs, Payment Gateway Dashboard, International Payments, Flash Checkout, and many unique, innovative features introduced by the company.

Razorpay also has an option for a paid subscription, in which users will be able to get customized services. To know the details and information regarding the paid subscription option for Razorpay, users have to contact the company directly. Razorpay will understand your need and demand for the service for your business and propose a proper and budget-friendly plan. Features provided in the paid subscription version are as below. 

  • Primary access to innovative features
  • 24×7 priority support offered
  • Online instigation within 24 hours
  • Pre-allocated manager for key account 
  • Checkout JS, Mobile SDKs, Developer APIs, Payment Gateway Dashboard, International Payments, Flash Checkout, and many unique, innovative features introduced by the company.

With its wide range of product suites, Razorpay is India’s sole payments system that enables businesses to accept, manage, and distribute payments. It allows users to pay with a debit card, credit card, e-banking, UPI, and ordinary wallets like Mobikwik, JioMoney, Airtel Money, Ola Money, PayZapp, and FreeCharge. 

Also Read: Achieve Heights of Success with Unacademy

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Daniyel Chatterjee
Daniyel Chatterjee
Daniyel Chatterjee is a Young Researcher in the field of Data Science & Analytics having research experience of more than 8 years. He has a Masters in Computer Engineering and currently serves as an Editorial Assistant in IGI Global, United States of America. Daniyel also holds honorary positions in the Associate Member of Institute of Research Engineers and Doctors, International Association of Computer Science and Information Technology, International Association of Engineers, Society of Digital Information and Wireless Communications.

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