7 Best Razorpay Alternatives for Indian Businesses in 2026
Looking for Razorpay alternatives? Here are the top low-cost payment gateways and free UPI payment solutions worth switching to.
ToroPay Team
Engineering & Product
15 January 2026
8 min read
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.
It is worth being precise here: ToroPay is a UPI payment page platform, not a payment gateway. It does not process or hold your funds. Your customer pays directly to your own UPI ID, which is exactly why there is no transaction fee on your side.
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 — no fees, branded pages, and money that goes straight to your UPI ID.
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