Payments
Payment gateway fees in India: Razorpay, Cashfree, PayU and PhonePe
By Sylvr Founder's Desk · Last checked 6 Nov 2026
Fee by payment method
"Not published yet" means the row is waiting for a re-read. Source: Razorpay, read 6 Nov 2026; Razorpay blog (Amruthavarshini), read 6 Nov 2026; Cashfree Docs, read 4 Nov 2026; Cashfree, read 4 Nov 2026.
| Method | Razorpay | Cashfree | PayU |
|---|---|---|---|
| UPI | 2% | Not published yet | Not published yet |
| Domestic cards | 2% | 1.95% | Not published yet |
| Net banking | 2% | 1.95% | Not published yet |
| Wallets | 2% | 1.95% | Not published yet |
| RuPay credit card on UPI | 2.15% | 2.15% | Not published yet |
| International cards | 3% | 2.99% | Not published yet |
Set-up, settlement, GST and refunds
Source: Razorpay, read 6 Nov 2026; Cashfree, read 4 Nov 2026; PhonePe, read 4 Nov 2026; Razorpay blog (Amruthavarshini), read 6 Nov 2026; Cashfree Docs, read 4 Nov 2026; Razorpay, checked 6 Nov 2026; Cashfree, checked 4 Nov 2026; PayU, checked 4 Nov 2026.
| Term | Razorpay | Cashfree | PhonePe or PayU |
|---|---|---|---|
| Setup fee | ₹0 | ₹0 | ₹0 |
| Settlement (days after payment) | 1 | 1 | Not published yet |
| GST on the fee | 18% | 18% | Not published yet |
| Refund fee | Not published | Not published | Not published |
Promotions
0% platform fee for sign-ups 21 Jul 2026 to 31 Mar 2027 (not prepaid); GST still charged on 1.95%. Razorpay's page also shows a promotion. The planner uses the standard rate. Source: Cashfree, read 4 Nov 2026; Razorpay, read 6 Nov 2026.
Sources
Every figure above is here. A page with a figure and no source here does not publish.
- cashfree.com/payment-gateway-charges, read 4 Nov 2026. Open the source ↗
- cashfree.com/docs/help/account/pricing, read 4 Nov 2026. Open the source ↗
- payu.in/pricing-test, read 4 Nov 2026. Open the source ↗
- business.phonepe.com/payment-gateway/pricing, read 4 Nov 2026. Open the source ↗
- razorpay.com/pricing/?utm_category=fintech, read 6 Nov 2026. Open the source ↗
- razorpay.com/blog/razorpay-payment-gateway-pricing-explained, read 6 Nov 2026. Open the source ↗
Questions founders ask
Is UPI free for merchants?
UPI carries no bank charge (MDR) on most payments, but a gateway's own platform fee still applies: Razorpay charges 2% plus GST. Source: Razorpay, read 6 Nov 2026.