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Updated on: October 31, 2020

Paytm Payment Gateway vs Razorpay

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86% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More
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89% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More
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Overview

Summary

Paytm Payment Gateway offers a multitude of payment options to both online as well as physical merchants through its digital wallet, e-commerce payment gateway and QR-based mobile payments. What makes Paytm so popular and user-friendly is the smoothness and convenience with which it can be operated. There is no maintenance, setup or withdrawal charge involved while operating Paytm. This Payment gateway software supports almost all domestic debit and credit cards, along with net banking of over 50 banks. However, the biggest drawback of Paytm is it does not support international credit cards and is conducive to only the Indian currency (Rupees). A round-the-clock customer service is available to solve grievances of customers at any hour of the day. With Paytm, you can make digital payments for all your necessities, book movie and flight tickets, shop for comforts and luxuries and even make your utility bill payments, just with this one app. With Paytm, life becomes easy and the world comes one step closer. ..read more

Razorpay is a converged payment solution that allows businesses to accept, process, and dispense online payments across the globe. It enables businesses to accept payments from customers and automate payouts to vendors and employees. New products launched by the platform allows customers to set up recurring payments, offers options such as No cost EMI, pay later, etc. The tool helps businesses accept payments quickly through a payment button and flag risky transactions instantly. Unregistered businesses such as consultants, freelancers, professionals, and homemakers can also easily accept payments using Razorpay products. Users can combine different products from Razorpay’s payment suite to solve specific problems of their businesses. These products include Payment Gateway, Payment Pages, Payment Links, Subscriptions, Smart Collect, and Route. Some important features of this tool are instant activation, easy integration, API-driven automation, multiple payment methods, PCI DSS Level 1 compliance, and real-time data and insights. Razorpay enables businesses to grow their sales by providing a superior checkout experience to the customers. ..read more

Features

Gift Card Management

Invoice Payment

Mobile Payments

Multiple Currency Processing

PoS Transactions

Recurring Billing

Saved Cards

Website Payments

TECHNICAL DETAILS

Access Monitoring

24/7 (Live rep)

Business Hours

Online

Contact Number/Address

Uttar Pradesh, India

Bangalore, India / +1 800-123-1272

API

Deployment

SaaS/Web/Cloud

Mobile - Android

Mobile - iOS

Mobile - Windows

Mobile - BlackBerry

Installed - Windows

Installed - Mac

Customers

Individuals

Freelancers

Large Enterprises

Medium Business

Small Business

Pricing

Pricing Model

Free Trial

Freemium

One-time license

Open-source

Subscription

Quotation Based

Plans

All-In-One QR Code
Others

Features

  • Merchant Discount Rate (MDR)
    • UPI: 0%
    • RuPay Debit Card: 0%
    • Paytm Wallet: 0% for monthly limit upto ₹1,00,000
    • 0.84% + GST for monthly limit above ₹1,00,000
  • Monthly Acceptance Limit
    • UPI: Unlimited
    • RuPay Debit Card: Unlimited
    • Paytm Wallet: Unlimited
Payment Gateway
Others

Features

  • Merchant Discount Rate (MDR)
    • UPI: 0%
    • Paytm Payment Bank: 1.99% + GST
    • Paytm Wallet: 1.99% + GST
    • Credit Card: 1.99% + GST
    • Debit Card: 0%
    • Debit Card: 0.4% + GST for transaction amount <= 2000, 0.9% + GST for transaction amount > 2000
    • Net Banking (50+ Banks): 1.99% + GST
  • Monthly Acceptance Limit
    • UPI: Unlimited
    • Paytm Payment Bank: Unlimited
    • Paytm Wallet: Unlimited
    • Credit Card: Unlimited
    • Debit Card: Unlimited
    • Debit Card: Unlimited
    • Net Banking (50+ Banks): Unlimited
View Price Page
Standard
Custom

Plan designed for Startups, Small and Medium Enterprises

  • 2 percent per transaction: Indian Credit Cards, Indian Debit Cards, Net Banking from 58 Banks, UPI, Wallets including Freecharge, Mobikwik etc.
  • 3 percent per transaction: Diners and Amex Cards, International Cards, EMI

Plus GST as applicable on fee

Features

  • Email, Chat, and Call Support Available
  • Completely online, paper-less activation
  • Checkout JS, Developer APIs, Mobile SDKs, Payment Gateway Dashboard, Flash Checkout, International Payments and tons of amazing new features that we are building.
Enterprise
Custom

Plan designed for Large Volumes

Features

  • Early Access to New Features
  • 24x7 Priority Support Available
  • Online Activation within 24 hours
  • Pre-assigned Key Account Manager
  • Checkout JS, Developer APIs, Mobile SDKs, Payment Gateway Dashboard, Flash Checkout, International Payments and tons of amazing new features that we are building
View Price Page

SCREENSHOTS

Paytm Payment Gateway Screenshots
View 1 screenshot(s)
Razorpay Screenshots
View 3 screenshot(s)

INTEGRATIONS

    NA
  • OpenCart
  • PrestaShop
  • WordPress
  • Wix
  • CS-Cart
  • Magento
  • WooCommerce
  • Shopify

ALTERNATIVES

Top alternatives to Paytm Payment Gateway

Razorpay
PayU
PayPal
Authorize.Net
Payoneer

Top alternatives to Razorpay

Stripe Payments
PayPal
PayU
Paytm Payment Gateway
Instamojo