Razorpay Pricing: The Complete Fee Breakdown
Razorpay is refreshingly transparent on price for its MoneySaver Export Account. The all-in cost lands at just 1% plus GST. Here's the full breakdown for Indian exporters, with a worked example and a side-by-side calculator versus Skydo.
₹4,10,054Over $1B processed • Licensed by RBI
Approved underRBI's PA-CB framework
Approved underRBI's PA-CB framework
Razorpay Pricing Overview
Razorpay's MoneySaver pricing has one visible component: a flat 1% fee plus 18% GST, with zero FX markup. There's no separate FIRA fee. There are also no monthly subscriptions or setup fees.
The catch is scope. This 1% rate applies only to the MoneySaver Export Account (bank transfers). Card payments through the standard gateway cost 3% + GST instead, a materially higher rate.
Compared to PayPal (5-8%), Razorpay is dramatically cheaper. Compared to Skydo's flat $19 to $29 pricing, Razorpay's 1% still costs more on larger invoices as the percentage compounds with size.
Razorpay Transfer Fees Explained
Razorpay's fee varies by payment method used. Bank transfers cost 1% + GST; cards cost 3% + GST, shown transparently before you confirm.
Approximate all-in cost for common currencies
FIRA charges
Razorpay: Automatic, bundled into the fee, downloadable in 24 hrs. Skydo provides free instant per-transaction FIRA.
Multi-currency hold
Razorpay: Not for INR; EEFC covers 5 currencies. Skydo offers multi-currency virtual accounts.
Razorpay Exchange Rate and FX Margin
Razorpay applies the live exchange rate with zero FX markup on transfers. Banks tack on 2-4%, PayPal closer to 3-4%. What you see is exactly what Razorpay uses.
Where Razorpay still costs you is the flat 1% fee plus 18% GST layered right on that fee. The all-in cost on a $5,000 payment lands around $59, roughly ₹5,300.
For India-first exporters wanting compliance built in, Razorpay's MoneySaver is hard to beat below $5K. For high-volume B2B receivables, Skydo's flat pricing wins on total cost at scale.
Razorpay Gaps and Charges to Watch For
Razorpay is genuinely transparent on FX. The few charges worth knowing about:
Percentage fee scales
Razorpay charges 1% + GST per transfer. Skydo charges flat.
Card payments cost more
International cards run 3% + GST, well above the MoneySaver rate.
No INR-side holding
Foreign currency accounts settle to INR; EEFC covers 5 currencies only.
Unclear eBRC support
eBRC automation for exporters isn't explicitly confirmed anywhere.
SOFTEX not detailed
SOFTEX and EDPMS handling isn't documented publicly.
Account holds reported
Some users report reserves or freezes during compliance checks.
How Much Does Razorpay Actually Cost? (Real Example)
An Indian agency invoices a US client $5,000, with today's mid-market rate at 1 USD = ₹90.
Invoice
$5,000.00
Breakdown
Razorpay — what you lose
Invoice
$5,000.00
Breakdown
Skydo — what you keep
Over 12 monthly invoices of $5K: Razorpay costs ~₹35,000/year more than Skydo.
Razorpay Pricing vs Skydo Pricing
Here's a clear side-by-side of every Razorpay and Skydo fee, so you can see what each platform actually costs you per transaction.
Transaction fee structure
1% on transfers
Flat $19 / $29 / 0.3%
Fee on $1,000 invoice
~$12
$19
Fee on $5,000 invoice
~$59
$29
Fee on $10,000 invoice
~$115
$29
Fee on $50,000 invoice
~$575
$150
FIRA
Automatic, per transaction
Free, instant, per payment
Multi-currency hold (India)
Not for INR; EEFC covers 5 currencies
Yes
Is Razorpay Worth the Cost for Indian Exporters?
Razorpay has real strengths for some businesses. For Indian B2B receivables, the math depends on invoice size and compliance needs.
Razorpay is worth it when.
Your business already runs on Razorpay for domestic collections and wants unified reporting. You value full RBI licensing over marginal fee savings. You process frequent, small-to-mid invoices where 1% stays manageable.
Razorpay stops being worth it when.
You're receiving large or infrequent B2B invoices where 1% adds up fast. You need eBRC confirmed automatically. You want flat-fee predictability regardless of invoice size or client volume.
Frequently Asked Questions About Razorpay Pricing
What is Razorpay's effective cost on a typical USD to INR transfer?
A typical USD to INR transfer through Razorpay's MoneySaver Export Account costs about 1.18% once the flat 1% fee and 18% GST are added, with zero FX markup on top. On a $10,000 invoice, that's roughly $115-120, compared to Skydo's flat $29 regardless of invoice size.
Does Razorpay charge a forex markup?
No, not on its MoneySaver Export Account. Razorpay converts at the live exchange rate with zero FX markup, only charging its flat 1% fee plus GST. This is notably better than most competitors, which typically add a 2-4% markup on top of their transaction fees.
Are there volume discounts on Razorpay?
Razorpay offers custom enterprise pricing for businesses with high monthly transaction volumes, available on request through its sales team. Below that threshold, standard exporters pay the same flat 1% fee plus GST regardless of volume, with no automatic tiered discount published publicly.
What is the cheapest way to receive payments in India?
Flat-fee platforms built for India tend to be cheapest for larger invoices, since Razorpay's 1% fee still scales with invoice size even with zero FX markup. Skydo, for example, charges a flat $19-29 regardless of invoice size, which works out cheaper than Razorpay's 1% once invoices cross roughly $3,000-5,000.
Does Razorpay provide FIRA?
Yes, Razorpay automatically generates FIRC within 24 hours of settlement at no extra cost through its MoneySaver Export Account. However, it doesn't explicitly confirm automated eBRC generation on its public pages, so exporters relying on eBRC for DGFT purposes should confirm this directly with Razorpay.
Should I use Razorpay or Skydo?
If you already run domestic payments through Razorpay and want unified reporting with full RBI licensing, Razorpay's MoneySaver Export Account is a strong choice. If you want flat-fee pricing that doesn't scale with invoice size, especially for larger invoices, Skydo will work out cheaper overall.
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