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Razorpay vs Zoho Payments: what each charges per payment

Updated 11 November 2026

First published 2026-11-11 · Tool Comparison

Checked 11 November 2026. Every price below was read on the vendor’s own page that day and is quoted as printed. A vendor with no printed price says so; we did not fill the gap.

TL;DR: Nov 2026: Razorpay's page says a 2% transaction fee on successful payments. Zoho Payments shows platform fees from 0.5% on UPI and 2.0% on domestic cards. Checked 11 November 2026.

At a glance

ToolWho it suitsOne figure, as printed
RazorpayA business that wants one headline rate and a large set of products around it.Transaction fee: “you pay only the 2% transaction fee on successful payments”
Zoho PaymentsA business that wants a rate split by payment method, with UPI the lowest.UPI and cards: “*Platform fees starting from 0.5% UPI Payments 2.0% Domestic Cards Netbanking”

Razorpay

A business that wants one headline rate and a large set of products around it.

  • Transaction fee: “you pay only the 2% transaction fee on successful payments” source, read 11 November 2026.
  • Setup fees: “There are zero setup fees” source, read 11 November 2026.
  • Offer: “0% fee (down from 2%) Free payment gateway for first 90 days” source, read 11 November 2026.

Our page on Razorpay →

Zoho Payments

A business that wants a rate split by payment method, with UPI the lowest.

  • UPI and cards: “*Platform fees starting from 0.5% UPI Payments 2.0% Domestic Cards Netbanking” source, read 11 November 2026.
  • International: “International Cards 3.0%” source, read 11 November 2026.
  • GST: “18% GST is levied wherever applicable.” source, read 11 November 2026.

Open score and India fit

Our open score gives a tool up to 60 points from signals we can check: rupee pricing, GST invoice, UPI, data in India, a public price, a free plan and the number of alternatives. “Not recorded” means we have not found a vendor statement on that point, not that the answer is no. How the score is worked out.

ToolOpen scorePrices in ₹GST invoiceUPIData in India
Razorpay40 of 60 (known 3 of 8 signals)YesNot recordedNot recordedNot recorded
Zoho PaymentsNo open score yetNot recordedNot recordedNot recordedNot recorded

Before you decide

  • Razorpay quotes one rate; Zoho Payments splits by method. Which is cheaper depends on your mix of UPI, cards and net banking, which we have not modelled.
  • Zoho says its platform fee includes the MDR the RBI sets; Razorpay's page says 2% plus GST. Check the final invoice terms on each before signing.

What AI assistants name

We asked three assistants the same 5 buyer questions about payment gateways (9–10 Nov 2026, no company named in the question), 15 answers in all. Named in how many: Razorpay in 15, Zoho Payments in 0. The names that came up most across all answers: Razorpay (15), Cashfree (9), Instamojo (8), PayU (6). How the Index is run.

Deals and affiliate links

This page carries no deal or affiliate links. Nobody paid to be on it and the order of the tools is not a ranking.

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