Razorpay charges a fee of 2% + GST on all successful transactions made through their payment gateway, including transactions made through UPI (Unified Payments Interface). This fee applies to all types of UPI transactions, including those made through BHIM, Google Pay, PhonePe, and other UPI-based apps.
It means for every 100 INR transaction made through UPI, 2 INR will be charged as a fee and 18 INR will be charged as GST, so the total fee will be 2+18 = 20 INR.
It’s important to note that this fee is for the Standard Plan. If you opt for a Custom or Enterprise plan, the fees may vary depending on the volume of transactions and the additional features you need.
Additionally, there may be additional fees for failed transactions, refunds, and chargebacks, so it’s important to be aware of these costs as well. It’s always best to check with Razorpay for the most up-to-date and accurate information on their fees, and to consult with their support team to understand the fees associated with your plan and the services you plan to use.
Use Razorpay Fee Calculator – https://feecalculator.in/razorpay/
Razorpay Documentation – https://razorpay.com/docs