Read from each vendor's pricing page on 25 October 2026 • Rechecked monthly • No ratings, no rankings: what each page says, quoted
On the vendors' own pages, Razorpay and PayU charge 2% on domestic cards, netbanking and wallets, Cashfree's standard fee is 1.95%, and PhonePe PG lists 1.99% but shows it as free during an offer. GST at 18% is charged on the fee, not on the payment.
International cards cost 3% at Razorpay and PayU, and 2.99% (Visa, Mastercard) or 2.95% (American Express) at Cashfree. Settlement runs from T+1 to T+2, with instant settlement sold as an extra.
Juspay publishes no rates. It routes your payments to other gateways (it lists connections to 300+ PSPs), and its own payment aggregator, HyperPG, has no pricing page.
| Gateway | Domestic cards, netbanking, wallets | UPI | Amex, Diners, EMI | International cards | Settlement | Setup and yearly fees |
|---|---|---|---|---|---|---|
| Razorpay | 2% of each successful payment, plus 18% GST on the fee [1][4] | The pricing page says zero MDR on standard bank-to-bank UPI; the pricing blog says a 2% platform fee + 18% GST applies. Ask which your account pays. [2][4] | 3% + GST (EMI, corporate cards, Amex, Diners, Pay Later) [5] | 3% + GST [6] | Pricing page: typically T+1 or instant. Pricing blog: domestic T+2 business days, international T+7. [3][6] | None: zero setup fee, zero annual maintenance charge [1] |
| Cashfree Payments | 1.95% + taxes as the standard fee. New merchants who sign up on or after 21st July 2026 get 0% on sales up to 20L, until 31-Mar-27. [1][2][3] | "As per the applicable law"; no rate printed [4] | The payment-modes table lists Amex and Diners beside two fees, 1.95% and 2.0%, without saying which applies [5] | 2.99% (Visa, Mastercard); 2.95% (American Express) [6] | Next day (T+1 by 8:00 PM IST for offer merchants); instant settlement at 0.30%, GST extra [2][7][8] | Zero setup fee [9] |
| PayU | 2%, GST extra [1] | Zero MDR on UPI P2P; for merchant UPI, pricing "varies by business type and volume" (no rate printed) [2] | 3%, GST extra [1] | 3% ("the 3% slab") [1][3] | T+2 standard; same-day and priority settlement for some business categories [4] | None: no setup, onboarding or annual fees [5] |
| PhonePe Payment Gateway | Standard Plan 1.99%, shown struck through with "Free*" during an offer ("*T&C Apply"); GST at 18% on the fee [1][2][3] | No per-method rate in the page's HTML; the page says fees vary slightly by method [4] | No per-method rate in the page's HTML [4] | "Under the same pricing structure"; no separate rate printed [5] | Not published by the vendor on the pricing page | Zero setup fee, zero annual maintenance fee [1] |
| Juspay | Not published by the vendor. Juspay routes payments to other gateways, whose fees apply. [1] | Not published by the vendor | Not published by the vendor | Not published by the vendor | Not published by the vendor | Not published by the vendor |
An RBI-authorised payment aggregator; the pricing page and Razorpay's own pricing blog both publish rates, and they disagree on UPI and on settlement. Pricing page: razorpay.com/pricing/ · our Razorpay page
There are zero setup fees and zero Annual Maintenance Charges (AMC). The commercial model is strictly pay-as-you-go, you pay only the 2% transaction fee on successful payments.
No, there is Zero MDR (Merchant Discount Rate) on standard bank-to-bank UPI transactions.
The remaining amount is settled directly to your registered bank account according to your settlement cycle (typically T+1 or Instant).
Most domestic payment gateways are priced at 2% + 18% GST, including Credit Cards, Debit Cards, Netbanking, and Wallets. UPI carries zero MDR by RBI mandate; Razorpay applies a 2% platform fee + 18% GST for gateway infrastructure.
International cards are 3% + GST, while international bank transfers are 1% + GST. … Domestic payments usually settle in T+2 business days; international payments typically settle in T+7 business days.
A payment gateway with a published standard fee and, until 31-Mar-27, an offer for new merchants. Pricing page: www.cashfree.com/payment-gateway-charges/ · our Cashfree page
After that, standard Cashfree platform fees of 1.95% + applicable taxes will apply automatically for all transactions.
For a limited period, get 0% … Enjoy this pricing for sales up to 20L* Festive offer till 31-Mar-27 Get next day settlement
This festive offer is provided … to all new merchants, across all business categories, who sign up on or after 21st July 2026 at 12:00 PM IST during the campaign period
The UPI payment gateway charges are as per the applicable law.
Payment Modes UPI Mastercard RuPay Maestro PhonePe Visa Bank Transfer … American Express Diners Club Platform fee 1.95% 2.0%
International Cards VISA Mastercard Platform fee 2.99% PayPal Standard payment gateway charges applicable American Express Platform fee 2.95%
Along with the Offer, Your account will also get T+1 settlements by 8:00 PM IST as the default settlement cycle during the Campaign.
Receive your Payment Gateway settlements within seconds. … Price excludes GST. Platform fee 0.30%*
Are there any additional charges such as setup fee? With Cashfree, you pay ZERO setup fees.
A payment gateway whose pricing page prints one rate for domestic methods and one for premium and international cards. Pricing page: payu.in/pricing/ · our PayU page
PayU follows a transparent Pay-as-you-use model, 2% for domestic cards, net banking, wallets, BNPL and 3% for EMI, Amex, Diners & international transactions. GST applicable extra.
UPI P2P transactions have zero MDR as per government guidelines. For merchant UPI categories, pricing varies by business type and volume.
Yes. International card transactions fall under the 3% slab.
Standard settlement is T+2. Same-day and Priority Settlements are available based on business categories.
No. PayU charges no setup, onboarding, or annual fees.
PhonePe's RBI-authorised payment aggregator. The pricing page shows one Standard Plan rate, struck through, with "Free*" during an offer whose end date it does not print. Pricing page: www.phonepe.com/business-solutions/payment-gateway/pricing/
Standard Plan 1.99% Free* Zero hidden charges Zero setup fee Zero annual maintenance fee *T&C Apply
Start accepting payments with zero payment gateway fees during the offer period
Yes. GST at 18% applies on top of PhonePe pricing, in line with standard practice across Indian payment gateways. GST is charged only on the platform fee.
No. Payment gateway fees can vary slightly by payment method.
International Payments Accept payments from global customers under the same pricing structure.
A payment orchestration layer: it routes your payments across the gateways you already use. Its pricing page (juspay.in/pricing) and HyperPG's (hyperpg.in/pricing) both showed a not-found page when we read them. Pricing page: juspay.io/in · our Juspay page
Route payments to the best performing payment gateway … Minimise your time to market with no-code connections to 300+ PSPs globally.
Payment Aggregator (HyperPG)
On standard domestic rates printed on the vendors' pages, Cashfree's 1.95% is lower than the 2% at Razorpay and PayU; PhonePe PG lists 1.99% but shows it as free during an offer. Which is cheapest for you depends on your mix of UPI, cards and international payments.
Bank-to-bank UPI carries zero MDR. Some gateways still charge a platform fee: Razorpay's pricing blog says a 2% platform fee + 18% GST applies, while its pricing page says zero MDR. PayU says merchant UPI pricing varies by business type and volume. Ask for the UPI rate in writing.
No. GST at 18% is charged on the gateway's fee, not on your customer's payment, as PhonePe's pricing page puts it: GST is charged only on the platform fee.
3% at Razorpay and PayU; 2.99% for Visa and Mastercard and 2.95% for American Express at Cashfree. PhonePe PG says international payments come under the same pricing structure.
T+1 at Cashfree and T+2 at PayU. Razorpay's pricing page says typically T+1 or instant, its pricing blog says T+2 business days for domestic payments. Instant settlement costs extra: 0.30% at Cashfree.
Juspay mainly sells orchestration: it routes your payments to the gateway that performs best and lists connections to 300+ PSPs. It also runs a payment aggregator, HyperPG. Neither publishes prices.
Prices change, and offers end. We read each page again monthly; your own rate is the one in your agreement with the gateway. If a page now says something else, tell us. No vendor paid for this page or saw it before it went up.