Art Lounge · Finance
Razorpay Pricing Review · Jun 2026

Payment Gateway · Cost / Benefit · For team decision

Recommendation: Accept— no rate goes up, nothing to negotiate

The new rates are cheaper
on every method.

Switching costs ₹12,000 + GST once (₹14,160), pays for itself in about two months, then saves ₹70,000–₹90,000 every year. No payment method gets more expensive.

Annual saving

₹70K – ₹90K

depending on current-account option

Payback period

~2 months

on the ₹12,000 + GST one-time fee

Blended rate

2.08% → 1.47%

effective cost across all methods

Rates increased

0

of 14 payment methods

01

The numbers

Full-year actuals, excluding GST.¹ Based on our live transactions, Jul 2025 – Jun 2026.

  Current New — no current a/c New — with current a/c
Blended rate 2.08% 1.61% 1.47%
Annual gateway cost ₹3,06,700 ₹2,36,700 ₹2,16,300
Annual saving — ₹70,000 ₹90,400
Payback on ₹14,160 — ~2.4 months ~1.9 months
+₹20,400

Why two “New” columns?

The cheaper column applies only if we hold a Razorpay-linked current account — no extra charge from Razorpay, worth about ₹20,400 a year more. The one thing to confirm is whether that account needs a minimum balance.

02

What actually changes

The cut tracks our mix — UPI is two-thirds of it. Nothing gets more expensive.

UPI · 66%
Credit · 19%
Other · 15%
UPI — rate cut, drives ~91% of the saving Credit cards — unchanged Everything else — unchanged
Method that gets cheaper% of valueCurrentNew (no a/c)New (with a/c)Annual saving
UPI66.5%2.00%1.35%1.15%₹63,600+
Debit > ₹2,0003.4%2.00%1.10%1.00%₹4,500+
Debit ≤ ₹2,0000.6%2.00%0.85%0.75%₹930+
Rupay Debit0.4%2.00%0.85%0.75%₹630+
Netbanking (HDFC/ICICI/Axis/SBI/Kotak)1.5%2.00%1.85%1.80%₹330+
Mobile Wallets0.4%2.00%2.00%1.90%₹60

Credit cards, corporate, international, Diners/AMEX, EMI and credit-card-on-UPI stay exactly the same — together 27% of value, with no increase.

03

The decision

A clear yes — plus one optional upside.

✓

Accept the new rates — sign whenever ready.

Net-positive on every payment method, with nothing left to negotiate. The one-time ₹14,160 fee pays back in about two months; after that it's pure saving.

+

Optional · worth +₹20,400/yr

Confirm the minimum-balance terms on the Razorpay current account that unlocks the cheaper column (Section 01). If it's low-friction, take it — but it doesn't gate the decision.

No downgrade elsewhere: settlement stays T+2 (domestic) / T+7 (international) — unchanged from today.
04

How these numbers were built

Real data, not estimates.

Methodology

  • Source & sampleEvery payment over the last 12 months, pulled live from the Razorpay Platinum account — 7,440 fee-bearing transactions, ₹1.47 crore (Jul 2025 – Jun 2026). COD, failed and pending payments excluded; they carry no gateway fee.
  • MethodEach transaction was classified by its real method, card type, network and ticket size, then priced under both the current and proposed rate cards.
  • ValidationThe fees Razorpay actually charged over the year (₹3.04 lakh ex-GST) matched our rate-card calculation (₹3.07 lakh) to within 0.8%.
  • ¹ GSTRecurring figures exclude 18% GST (reclaimable as input tax credit, so not a real cost). The one-time fee is shown including GST: ₹12,000 + ₹2,160 = ₹14,160.
  • SeasonalityFull 12-month actuals — no annualising. The recent quarter ran ~20% above the yearly average, so live savings may track a little higher.