What is Razorpay?โบ
Razorpay is a payment gateway platform that enables businesses to accept, process, and disburse payments seamlessly through various payment methods, including credit cards, debit cards, net banking, UPI, and popular wallets. It offers developer-friendly APIs, easy integration, and a powerful dashboard to manage all aspects of payment processing for online merchants.
How secure is Razorpay for online transactions?โบ
Razorpay ensures top-notch security for all transactions by following industry-standard practices and protocols. It is PCI DSS Level 1 compliant, which is the highest level of security for card payments. Razorpay also supports 3D Secure and all transactions are encrypted using SSL for maximum protection.
What are the transaction charges for using Razorpay?โบ
Razorpay charges a nominal transaction fee based on the payment method used. The standard pricing for Indian credit and debit cards, UPI, and wallets typically ranges from 0.75% to 2.00% per transaction, while charges for international cards may be higher. However, the exact fee structure may vary and it is recommended to check Razorpay's website for the latest pricing information.
Can I use Razorpay for recurring payments and subscriptions?โบ
Yes, Razorpay supports recurring payments and subscription-based billing through its dedicated platform called Razorpay Subscriptions. This enables businesses to automate billing cycles and manage subscriptions, allowing customers to make hassle-free recurring payments for their chosen services.
Is it possible to provide refunds to customers through Razorpay?โบ
Yes, Razorpay allows merchants to process refunds for their customers. You can initiate a refund from the Razorpay dashboard or by using the refund API. Refunds are usually processed within 5-7 working days, and the amount will be credited back to the customer's original payment source.