What Are Razorpay Fees in India in 2026?

Razorpay fees for Indian users, as published on Razorpay's own pricing pages and checked on 30 Sept 2026.

Razorpay charges through a receiving fee, an FX markup on conversion and, in some cases, payout or fixed fees.

• Transaction fee: 1% per bank transfer (flat INR 1,000 below INR 1,00,000), plus GST; FlashLinks (US) ACH debit 2%; international cards and wallets up to 3% plus taxes
• FX markup: 0% FX markup on MoneySaver bank transfers; Razorpay states it converts at the live exchange rate
• Withdrawal fee: Razorpay converts at the live exchange rate with 0% markup and settles INR to the user's Indian current account (non-INR settlement to an EEFC account is also supported), T+1 after the invoice and buyer details are shared; Razorpay deducts its charges (1%, or INR 1,000 flat below INR 1,00,000, plus GST) before settlement.
• GST: The MoneySaver pricing page states 'GST applicable' on the Razorpay fee without giving a rate; Razorpay's pricing page lists 18% GST for its domestic payment gateway service and 'taxes' on international card payments.

Calculation basis: Razorpay MoneySaver Export Account (International Bank Transfer), Standard Plan, for a foreign client paying into a local virtual account such as USD ACH: 1% Razorpay fee, flat INR 1,000 on transactions below INR 1,00,000, 0% FX markup, GST applicable on the fee. Enterprise Plan pricing is custom and FlashLinks (US) ACH debit is 2%.

Razorpay's fee depends on how your client pays. Methods not listed are not supported or not published for Indian users.

Published FX markup: 0% FX markup on MoneySaver bank transfers; Razorpay states it converts at the live exchange rate. The markup is the difference between the mid-market rate and the rate Razorpay applies when converting to INR.

For example, on $5,000 at the XE mid-market rate of 94.82 for 4 Nov 2026, the mid-market value is ₹4,74,087. Razorpay's markup costs ₹0 of that.

The MoneySaver pricing page states 'GST applicable' on the Razorpay fee without giving a rate; Razorpay's pricing page lists 18% GST for its domestic payment gateway service and 'taxes' on international card payments.

For example, on a $5,000 invoice the fee is ₹4,741 and GST at 18% adds ₹853.

The table shows each charge line by line at the XE mid-market rate for 4 Nov 2026.

• One-time setup fee: INR 0
• Annual maintenance fee: INR 0
• Enterprise Plan: Custom pricing on request
• Refunds on bank transfers: Not supported

• Payment method: Ask clients to pay by local bank transfer to your account details, which usually costs less than cards, wallets or Swift wires.
• Invoice size: Where a platform charges a flat fee per payment, fewer and larger invoices lower the cost as a share of revenue.
• Conversion: Compare the rate offered with the mid-market rate on the day, because the FX markup is often the larger cost.
• GST: Keep the platform's tax invoices, since GST paid on fees may be claimable as input tax credit if you are GST registered.

Platforms are ranked by the INR received on a $5,000 invoice, with Razorpay included.

Fees were checked on Razorpay's own pages on 30 Sept 2026. INR figures use the XE mid-market rate for 4 Nov 2026. The formula is on the methodology page.

1. Razorpay MoneySaver Export Account (International Bank Transfers) pricing, Standard Plan: 0% FX markup, 1% fee, FlashLinks 2%, GST applicable, flat fee of INR 1,000 on transactions below INR 1,00,000, setup and AMC INR 0 (checked 6 Oct 2026)
2. Razorpay pricing, International cards and wallets up to 3% plus taxes; MoneySaver bank transfers (SWIFT, ACH, SEPA, FPS) 1% with zero forex markup; 'RBI PA-CB licensed'; 18% GST listed for the payment gateway service (checked 6 Oct 2026)
3. Razorpay Docs: International Bank Transfer (MoneySaver Export Account), Supported methods and SWIFT currency list, purpose codes, onboarding KYC, invoices not required for Amazon, Upwork and Freelancer transactions, FAQs on T+1 settlement, EEFC settlement, FIRS within 24 hours, no holding of funds, no refunds, 'Free FIRC' in savings example (checked 6 Oct 2026)
4. Razorpay Docs: FIRS Automated Process (checked 6 Oct 2026)
5. Razorpay Docs: International Payments FAQs, NGOs not supported for international payments (checked 6 Oct 2026)
6. RBI: Authorised payment system operators, Entry 54: Razorpay Payments Private Limited (formerly Razorpay Software Private Limited), PA-O 'Razorpay' 19.12.2023, PA-P, PA-CB I & O (checked 6 Oct 2026)