7 Best Razorpay Alternatives for Indian Businesses in 2026

Why Look for Razorpay Alternatives?

Razorpay has been one of the most popular payment gateways in India. But it's not the only option — and for many businesses, it might not be the best one.

Common reasons businesses look for alternatives:

• Transaction fees — Razorpay charges 2% per transaction. For high-volume businesses, this adds up fast.
• Settlement delays — T+2 settlement can hurt cash flow for small businesses.
• Complex integration — The API can be overwhelming for simple use cases.
• KYC requirements — Extensive documentation needed for onboarding.

1. ToroPay — Best Free UPI Payment Page Platform

Pricing: 100% Free

ToroPay is a free platform that lets you create branded UPI payment pages and shareable payment links using your own UPI ID. There are no transaction fees, no monthly charges, and no hidden costs.

Key Features:

• Branded checkout pages with your logo and colors
• Shareable payment links and QR codes
• Custom fields for collecting customer information
• Transaction tracking and analytics dashboard
• Webhook callbacks for automation
• Payment templates for repeat orders

How ToroPay Compares to Razorpay:

Feature	ToroPay	Razorpay
Transaction Fee	0%	2%
Setup Fee	Free	Free
Settlement	Direct to your UPI	T+2 to bank
Payment Methods	UPI (all apps)	UPI, Cards, Netbanking, Wallets
Branded Pages	Yes	No
Payment Links	Yes (free)	Yes (paid)

2. Cashfree Payments

Pricing: 2% per transaction

Cashfree is a strong alternative to Razorpay with competitive pricing and better settlement times. They support UPI, cards, netbanking, and wallets.

Pros:

• Same-day settlement available
• Better API documentation than Razorpay
• Supports bulk payouts

Cons:

• 2% transaction fee still applies
• No free payment links
• Minimum KYC requirements

3. InstaPay (by PhonePe)

InstaPay by PhonePe is designed for businesses that want a simple UPI collection solution.

4. PayU

Pricing: 2% per transaction

PayU is one of the oldest payment gateways in India with wide payment method support.

5. CCAvenue

Pricing: 2% per transaction

CCAvenue is popular among e-commerce businesses with strong international presence.

6. Paytm for Business

Pricing: Up to 2% per transaction

7. Google Pay for Business

Pricing: Free for UPI

Google Pay for Business allows direct UPI collections but has limited features.

How to Choose

For most Indian businesses that primarily use UPI, ToroPay offers the best value — zero fees, branded pages, and instant settlement.

Create your free ToroPay account →