Razorpay offers a digital wallet service called the RazorpayX Wallet, which allows customers to store money in their Razorpay account and use it to make payments on various platforms.
The fees for using the RazorpayX Wallet vary depending on the type of transaction and the plan you choose.
Typically, loading money into the wallet is free of cost. But, transactions made through the wallet may be subject to a fee, similar to transactions made through the payment gateway. For example, transactions made through the Standard plan are subject to a fee of 2% + GST.
Custom and Enterprise plan may have different fee structure depending on the volume of transactions and features needed.
It’s important to note that there may also be additional fees for certain types of transactions, such as refunds, chargebacks, and failed transactions.
It’s always best to check with Razorpay for the most up-to-date and accurate information on the fees associated with using the RazorpayX Wallet, 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