Razorpay Charges in 2026: Fees by Payment Method, With Worked Examples
Razorpay charges a flat 2% plus 18% GST on almost every domestic payment, UPI included, with no setup fee or annual charge. A ₹1,450 order costs you ₹34.22 in fees.
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Short answer: Razorpay charges a flat 2% plus 18% GST on almost every domestic payment, UPI included, with no setup fee or annual charge. A ₹1,450 order costs you ₹34.22 in fees.
Prices checked on 24 October 2026 on Razorpay's own pricing page. Sources are at the end.
Razorpay rates by payment method
| Payment method | Fee per payment | Notes |
|---|---|---|
| UPI | 2% | Razorpay says standard bank-to-bank UPI has zero MDR, but its 2% platform fee applies. |
| RuPay debit | 2% | Zero MDR on RuPay debit cards, but the 2% platform fee applies. |
| Debit cards | 2% | Visa, Mastercard, Amex and Diners debit cards. |
| Credit cards | 2% | Visa, Mastercard, Amex and Diners credit cards. RuPay credit cards on UPI are also 2%. |
| Corporate cards | 2.15% | Corporate or business credit cards: 2.15% + GST. |
| Netbanking | 2% | 72+ banks. |
| Wallets | 2% | Mobikwik, Freecharge, Jio, Airtel, PayZapp and others. |
| EMI | 2% | Credit card and debit card EMI. Cardless EMI and Pay Later are also 2%. |
| International cards | 3% | Stated as up to 3% per successful transaction. Covers Visa, Mastercard, Amex, Diners, Discover, JCB and UnionPay cards from 180+ countries. |
| Amex | 2% | Domestic Amex cards come under the 2% card fee. International Amex cards come under the up to 3% international rate. |
- Setup fee: ₹0
- Annual maintenance: ₹0
- Settlement: T+1, or instant settlement (a paid add-on that is charged only if you turn it on)
- 18% GST on the platform fee
There is one standard rate: a 2% platform fee per successful domestic transaction. Razorpay says there are no setup fees, no annual maintenance charges and no refund fees. The fee and GST are taken from each payment before money reaches your bank.
Businesses taking more than ₹5,00,000 a month can ask for custom pricing. The pricing page also shows a 0% fee for the first 90 days for funded startups. You have to contact Razorpay for this, and the page does not list the conditions.
Other products are priced separately. UPI QR codes cost 0.99% per transaction and Bharat QR card payments cost 2%. Smart Collect costs 1% or ₹10 per transaction, whichever is lower. Payment Pages and Payment Buttons cost 0.2% on top of gateway fees. International bank transfers into a multi-currency account cost 1% with no forex markup.
What a sale costs you
Fees below use the domestic credit card rate and the UPI rate from the table, plus 18% GST on the fee. A negotiated rate may be lower.
| Order value | Fee on UPI | Fee on a card | You receive (card) |
|---|---|---|---|
| ₹499 | ₹11.78 | ₹11.78 | ₹487.22 |
| ₹1,450 | ₹34.22 | ₹34.22 | ₹1,415.78 |
| ₹5,000 | ₹118 | ₹118 | ₹4,882 |
UPI fees after the 2026 MDR decision
Razorpay's pricing page says standard UPI has zero MDR and charges its 2% platform fee on UPI. The page was last updated in May 2026. It says nothing yet about the UPI MDR announced on 15 September 2026.
The rule itself: on 15 September 2026 the government approved a 0.4% MDR on UPI payments to merchants above ₹2,000, capped at ₹300 from ₹75,000 up. Payments of ₹2,000 or less stay free, and merchants can't pass the charge to buyers. NPCI said on 13 October 2026 that it starts after Diwali, on a date still to be announced.
What Razorpay is set up for
Razorpay has one 2% rate for almost every domestic payment method, so fees are easy to predict. On the same account you get payment links, payment pages, buttons and invoices at no extra cost. Subscriptions, payment splitting (Route), QR codes and POS are also available. You can take international card payments from 180+ countries in 135 currencies, or receive foreign bank transfers into a multi-currency account.
Using Razorpay with Selzix
Razorpay is built into Selzix checkout. You connect your own Razorpay account, and payments settle straight to your bank. Selzix adds no fee of its own on any sale. To see when a gateway is worth it at all, read Direct UPI vs payment gateway.
Sources
- Payment Gateway Pricing, Razorpay (read 24 October 2026)
- UPI Continues to Remain Free for Peer to Peer Transactions and 96% of Merchant Transactions, Press Information Bureau, Ministry of Finance (read 24 October 2026)
- Merchant Discount Rate (MDR) on Select UPI (P2M) Transactions: FAQs (15 Sept 2026), NPCI (published on the Department of Financial Services site) (read 24 October 2026)
- UPI MDR on Select Merchant Transactions Shall be Implemented Post Diwali (13 October 2026), NPCI (read 24 October 2026)
Gateways change prices and offer custom rates to larger businesses. Check the pricing page before you sign up. Cover photo: Towfiqu barbhuiya on Unsplash.