Razorpay IFSC Pricing: Transaction Fees & Plans (2026)

Pricing overview

Razorpay IFSC's pricing structure is primarily transaction-based, meaning merchants are charged a percentage of each successful transaction rather than recurring monthly fees for basic services. This model aims to align costs directly with usage, making it suitable for businesses of varying sizes, from startups to enterprises. There are no upfront setup fees or annual maintenance charges to begin processing payments through Razorpay IFSC, allowing businesses to integrate and start operating without initial financial commitments. The core pricing applies to its payment gateway services, encompassing various payment methods such as credit cards, debit cards, net banking, UPI, and popular digital wallets.

The standard transaction fee for domestic payments within India is typically 2% of the transaction value, plus applicable Goods and Services Tax (GST). This rate generally applies across most common payment instruments. For specific payment methods, such as Diners and Amex cards, or for international transactions, the rates may differ. International transactions, for instance, often incur a higher percentage fee due to additional processing and foreign exchange considerations. Razorpay also offers custom pricing models for businesses that process high volumes of transactions, enabling them to negotiate more favorable rates based on their specific scale and requirements. This flexibility allows larger organizations to optimize their payment processing costs.

Beyond the basic transaction fees, businesses should consider potential additional costs for advanced features or services. These might include charges for specific value-added services like international currency conversion, recurring billing management, or advanced fraud detection tools. While the core payment gateway functionality is covered by the transaction fee, specialized needs may introduce incremental costs. Understanding these potential variables is crucial for businesses to accurately project their total payment processing expenses with Razorpay IFSC, as detailed in the official Razorpay pricing page.

Plans and tiers

Razorpay IFSC generally offers a tiered pricing approach, although it's primarily differentiated by transaction volume and specific feature requirements rather than distinct named plans in the traditional sense. The main tiers are typically categorized into a Standard plan and Custom plans, designed to cater to different business scales and operational needs.

Standard Plan

The Standard plan is the default offering for most businesses using Razorpay IFSC. It includes access to the full suite of payment gateway features, supporting various payment methods such as credit/debit cards, Netbanking, UPI, and digital wallets. The primary cost under this plan is the transaction fee, which is applied per successful transaction. As of the current information, the standard domestic transaction fee is 2% + GST for most payment methods. However, certain premium cards like Diners and Amex may incur a higher charge, typically around 3% + GST. International transactions also fall under this standard model but are charged at a different rate, often 3% + GST. This plan is designed to be straightforward, with no setup fees or hidden charges, making it accessible for small to medium-sized businesses and startups that require a reliable payment processing solution without complex agreements.

Custom Plans (Enterprise/High Volume)

For businesses with significant transaction volumes, typically exceeding INR 10 lakhs (approximately USD 12,000) per month, Razorpay IFSC offers custom pricing plans. These plans are negotiated directly with Razorpay and are tailored to the specific needs of the enterprise. Custom plans can include reduced transaction fees, dedicated account management, priority support, and potentially access to advanced features at preferential rates. Businesses operating in specific high-risk industries or those requiring specialized settlement cycles might also qualify for custom arrangements. The exact rates and terms for custom plans are determined after an assessment of the business's volume, average transaction value, industry, and specific integration requirements. These bespoke solutions aim to provide cost efficiencies for large-scale operations, ensuring that payment processing costs scale effectively with business growth. For instance, a large e-commerce platform processing millions of transactions could negotiate a significantly lower percentage fee per transaction compared to the standard rate, leading to substantial savings. Details on custom pricing require direct engagement with the Razorpay sales team.

Free tier and limits

Razorpay IFSC operates on a model that can be considered a 'free to start' rather than a traditional free tier with a specific monthly transaction limit. There are no setup fees, annual maintenance charges, or subscription costs associated with simply having a Razorpay IFSC account. Businesses can register, integrate the API, and begin testing in a sandbox environment without incurring any charges. This approach is beneficial for developers and startups who need to build and test their payment integrations extensively before launching their services.

The 'free' aspect extends to the absence of fixed costs; however, every successful transaction processed through the live environment will incur the applicable transaction fees. This means that while there's no monthly fee, there's no allowance for a certain number of free transactions before charges begin. From the very first live transaction, the standard percentage fee (e.g., 2% + GST for domestic payments) is applied. This model ensures that businesses only pay when they generate revenue, making it a pay-as-you-go system. The lack of recurring fees makes Razorpay IFSC accessible for businesses with unpredictable transaction volumes or those just starting out.

While there are no specific 'limits' on the number of free transactions, businesses should be aware of potential limits or charges related to specific services. For example, some value-added services, like advanced fraud detection modules or specific API calls beyond a certain threshold, might be subject to additional fees. However, for core payment processing, the only 'limit' is the transaction fee itself, which is applied universally from the outset. This contrasts with some payment gateways that offer a small number of free transactions before switching to a paid model. For more details on specific service charges, merchants should consult the Razorpay Payments pricing documentation.

Real-world cost examples

To illustrate Razorpay IFSC's pricing, consider a few scenarios based on its standard transaction-based model. These examples assume a standard domestic transaction fee of 2% + GST (18% on the fee), and an international transaction fee of 3% + GST. For simplicity, we'll use an approximate GST calculation of 18% on the transaction fee itself.

Example 1: Small Online Retailer (Domestic Transactions)

• Business Profile: A small e-commerce store selling handmade goods within India.
• Monthly Volume: 100 transactions.
• Average Transaction Value: INR 1,000.
• Total Monthly Revenue: INR 100,000.
• Calculation:
  • Total transaction fees: 2% of INR 100,000 = INR 2,000.
  • GST on fees (18% of INR 2,000): INR 360.
  • Total Monthly Cost: INR 2,000 + INR 360 = INR 2,360.
• Outcome: The retailer pays INR 2,360 for processing 100 domestic transactions totaling INR 100,000, with no fixed monthly fees.

Example 2: SaaS Startup with Mixed Transactions

• Business Profile: A SaaS company offering subscriptions, with both domestic and international customers.
• Monthly Volume: 200 domestic transactions, 50 international transactions.
• Average Domestic Transaction Value: INR 500.
• Average International Transaction Value: INR 1,500.
• Total Monthly Revenue: (200 * INR 500) + (50 * INR 1,500) = INR 100,000 (domestic) + INR 75,000 (international) = INR 175,000.
• Calculation:
  • Domestic transaction fees: 2% of INR 100,000 = INR 2,000.
  • GST on domestic fees (18% of INR 2,000): INR 360.
  • International transaction fees: 3% of INR 75,000 = INR 2,250.
  • GST on international fees (18% of INR 2,250): INR 405.
  • Total Monthly Cost: INR 2,000 + INR 360 + INR 2,250 + INR 405 = INR 5,015.
• Outcome: The SaaS company pays INR 5,015 for processing 250 mixed transactions totaling INR 175,000.

Example 3: High-Volume E-commerce Business (Custom Plan Potential)

• Business Profile: A large e-commerce platform with high domestic transaction volume.
• Monthly Volume: 5,000 transactions.
• Average Transaction Value: INR 2,000.
• Total Monthly Revenue: INR 10,000,000 (1 Crore INR).
• Standard Calculation (for comparison):
  • Total transaction fees: 2% of INR 10,000,000 = INR 200,000.
  • GST on fees (18% of INR 200,000): INR 36,000.
  • Total Monthly Cost (Standard): INR 236,000.
• Custom Plan Potential: Given the high volume, this business would likely qualify for a custom plan with a negotiated lower percentage fee, perhaps 1.5% or less. If the rate is negotiated down to 1.5%:
  • Total transaction fees: 1.5% of INR 10,000,000 = INR 150,000.
  • GST on fees (18% of INR 150,000): INR 27,000.
  • Total Monthly Cost (Custom): INR 177,000.
• Outcome: A high-volume business could save significantly (INR 59,000 in this example) by negotiating a custom rate, highlighting the benefits of engaging with Razorpay for tailored pricing.

How the pricing compares

Razorpay IFSC's pricing model, characterized by transaction-based fees with no setup costs, positions it competitively within the Indian payment gateway market. When comparing it to alternatives, several factors come into play, including standard transaction percentages, fees for specific payment methods, and the availability of custom rates for high-volume merchants.

Paytm Payment Gateway: Paytm, a significant competitor in India, also offers transaction-based pricing. Its standard domestic transaction fees are often comparable to Razorpay's, typically ranging from 1.75% to 2% + GST for various payment methods. Paytm often provides competitive rates for UPI transactions, and like Razorpay, it offers custom pricing for large businesses. A key differentiator can be the ecosystem benefits, as Paytm also operates a widely used consumer wallet, which can sometimes translate into preferential rates for payments made via the Paytm wallet. However, for a pure payment gateway function, the base rates are quite similar, as documented on the Paytm Business pricing page.

Stripe: Globally, Stripe is known for its transparent, pay-as-you-go pricing model, which often includes a fixed fee plus a percentage per transaction. For Indian domestic transactions, Stripe's pricing is typically 2% + GST, aligning closely with Razorpay's standard offering. For international cards, Stripe charges 3% + GST. Stripe's strength lies in its extensive global reach and developer-centric tools, making it a strong choice for businesses with international aspirations from day one. While the base transaction fees for domestic payments are similar, Stripe's international pricing structure is often perceived as more straightforward for cross-border transactions, as detailed in the Stripe pricing information.

Cashfree Payments: Another prominent Indian payment gateway, Cashfree Payments, also employs a transaction-based model. Its standard pricing for domestic transactions is often quoted around 1.75% to 1.85% + GST for common payment methods, potentially offering a slight edge in base percentage points compared to Razorpay for some categories. Cashfree also emphasizes its instant settlement features and diverse payment options. Like its competitors, Cashfree provides custom pricing for high-volume merchants, making direct comparisons complex without specific volume details. Businesses should review the Cashfree Payment Gateway pricing for the most current rates.

Comparison Summary:

The table below summarizes the typical pricing models for Razorpay IFSC and its key alternatives. Note that specific rates can vary based on payment method, transaction volume, and negotiated custom plans.

Ultimately, the most cost-effective solution depends on a business's specific needs, including transaction volume, average ticket size, customer base (domestic vs. international), and desired feature set. Businesses should perform a detailed cost analysis based on their projected transaction profile and consider engaging with providers for custom quotes, especially for higher volumes. This approach allows for a precise comparison of total processing costs rather than just comparing base percentages.