We use Razorpay for collections from small customers who can't pay through UPI/IMPS.
ICICI has been hard selling their solution to us; their rates are apparently much cheaper than Razorpay.
Last night we paid ICICI Lombard GIC, and they used Razorpay for the collection, not ICICI's own solution.
The truth is that Razorpay has taken the simple but crucial problem of payment collection, and made it remarkably easy. The whole experience is beautiful. Yes, they charge their pound of flesh for it, but we gladly pay, because hey, payments are important.
If you are a small business, I Strongly recommend RazorPay. If you have customers who can't scan a UPI code and pay from their personal bank account, or do an NEFT/IMPS from their current account, then RazorPay is the way to go for collecting payments over the web, email and chat/WhatsApp. Especially if you have multiple people making collections, and they need to know instantly if the payment was received or not, but you don't want to give them access to online banking.
ICICI has been hard selling their solution to us; their rates are apparently much cheaper than Razorpay.
Last night we paid ICICI Lombard GIC, and they used Razorpay for the collection, not ICICI's own solution.
The truth is that Razorpay has taken the simple but crucial problem of payment collection, and made it remarkably easy. The whole experience is beautiful. Yes, they charge their pound of flesh for it, but we gladly pay, because hey, payments are important.
If you are a small business, I Strongly recommend RazorPay. If you have customers who can't scan a UPI code and pay from their personal bank account, or do an NEFT/IMPS from their current account, then RazorPay is the way to go for collecting payments over the web, email and chat/WhatsApp. Especially if you have multiple people making collections, and they need to know instantly if the payment was received or not, but you don't want to give them access to online banking.