Does Razorpay charges per transaction

Yes, Razorpay charges a fee per transaction, and under its standard plan that fee applies only to successful payments, with no setup fee or annual maintenance charge (AMC).

The rate depends on the payment method the customer uses. GST at 18% is added on top of the fee itself, not on the full payment amount.

• Standard domestic methods: UPI, Indian credit and debit cards, net banking and wallets are charged 2% of the transaction plus 18% GST on that fee. Razorpay describes this as an effective rate of 2.36% on standard domestic methods for Shopify merchants.
• Premium and international methods: International cards, corporate cards and EMI payments carry a higher fee of 3% plus GST per transaction.
• Failed transactions: No fee is taken when a payment does not go through.
• Setup and AMC: The standard plan has no onboarding fee and no yearly maintenance charge.

Because the fee is a percentage, the total cost each month rises with sales volume and with the share of payments made through premium methods. Businesses that collect a large portion of their revenue from overseas customers often look at Razorpay alternatives for international payments, since international cards fall in the 3% tier rather than the 2% tier.

Before signing up, check which payment methods your customers use most, estimate your expected monthly volume, and confirm the current rates on the Razorpay pricing page before relying on these figures.