Razorpay vs Stripe: Which Payment Gateway is Better for Indian and Global Businesses in 2025?
Introduction
In 2025, businesses need a payment gateway that offers seamless transactions, global reach, security, and cost efficiency. Two of the most popular options are Razorpay and Stripe.
- Razorpay is a leading Indian payment gateway, specializing in UPI, domestic payments, and business banking services.
- Stripe, a global fintech giant, dominates international payments with its robust API, multi-currency support, and extensive global reach.
Which one is better for Indian and international businesses? Let’s compare their pricing, features, security, settlement speed, and support to help you decide.
1. Key Feature Comparison: Razorpay vs Stripe
| Feature | Razorpay | Stripe |
| UPI Support | ✅ Yes (0% fees) | ❌ No |
| Credit/Debit Cards | ✅ Yes (2%) | ✅ Yes (2.9%) |
| International Payments | ✅ Yes (Limited) | ✅ Yes (Extensive) |
| Multi-Currency Support | ❌ No | ✅ Yes |
| Settlement Speed | ✅ Instant (for eligible businesses) | ❌ Standard (T+2 days) |
| Developer API | ✅ Yes (Easy to integrate) | ✅ Yes (Highly customizable) |
| Subscription Billing | ✅ Yes | ✅ Yes |
| Security & Compliance | ✅ PCI DSS, 2FA | ✅ PCI DSS, Stronger fraud protection |
| Customer Support | ⚠️ Moderate (Improving) | ✅ Strong (24/7 support) |
📌 Verdict: Razorpay is best for Indian businesses, while Stripe excels in global payments and developer tools.
2. Pricing & Transaction Fees
Pricing plays a huge role in selecting a payment gateway. Let’s break down the transaction costs.
Domestic Payments (India)
| Transaction Type | Razorpay | Stripe |
| UPI | 0% (Free) | ❌ Not Supported |
| Credit/Debit Cards | 2% | 2.9% + ₹3 |
| Net Banking | 2% | Not Available |
International Transactions
| Transaction Type | Razorpay | Stripe |
| International Cards | 3% | 3.9% + ₹3 |
| Multi-Currency Support | ❌ No | ✅ Yes |
| Currency Conversion Fees | 1% Extra | 0-2% (Varies) |
📌 Verdict:
✅ Razorpay is cheaper for UPI and domestic transactions.
✅ Stripe is better for international payments with multi-currency support.
3. Payment Methods & Compatibility
| Payment Method | Razorpay | Stripe |
| UPI (PhonePe, Google Pay, Paytm, etc.) | ✅ Yes | ❌ No |
| Credit/Debit Cards (Visa, Mastercard, RuPay, AMEX) | ✅ Yes | ✅ Yes |
| Net Banking (Indian Banks) | ✅ Yes | ❌ No |
| Wallets (Paytm, Amazon Pay, etc.) | ✅ Yes | ❌ No |
| Buy Now, Pay Later (BNPL) | ✅ Yes | ✅ Yes |
| International Payments | ✅ Yes (Limited) | ✅ Yes (100+ currencies) |
📌 Verdict:
✅ Razorpay dominates local Indian payment methods.
✅ Stripe is superior for global transactions and multi-currency support.
4. Settlement Speed & Cash Flow Management
| Settlement Time | Razorpay | Stripe |
| Standard Settlements | T+2 days | T+2 days |
| Instant Settlements | ✅ Available (for eligible merchants) | ❌ No |
| Business Banking | ✅ RazorpayX (Payouts, Payroll, Loans) | ❌ No |
📌 Verdict: Razorpay wins with instant settlements and neobanking solutions.
5. Developer-Friendliness & API Integrations
Stripe is well known for its powerful developer tools.
| Feature | Razorpay | Stripe |
| Ease of Integration | ✅ Easy | ✅ Advanced |
| API Customization | ✅ Yes | ✅ Yes (More advanced) |
| Plugins for Shopify, WooCommerce, etc. | ✅ Yes | ✅ Yes |
📌 Verdict:
✅ Stripe is the best for developers looking for high customization.
✅ Razorpay is easier for Indian businesses to integrate quickly.
6. Security & Fraud Protection
Both platforms offer high-level security, but Stripe has a stronger fraud prevention system.
| Security Feature | Razorpay | Stripe |
| PCI DSS Compliance | ✅ Yes | ✅ Yes |
| Tokenization | ✅ Yes | ✅ Yes |
| Fraud Detection | ✅ AI-based | ✅ Advanced AI-based (Stripe Radar) |
| Chargeback Protection | ❌ No | ✅ Yes |
📌 Verdict: Stripe has better fraud detection and chargeback protection.
7. Customer Support & User Experience
| Support Channel | Razorpay | Stripe |
| Email Support | ✅ Yes | ✅ Yes |
| Live Chat | ❌ No | ✅ Yes |
| Phone Support | ❌ No | ✅ Yes |
| Documentation Quality | ✅ Good | ✅ Excellent |
📌 Verdict: Stripe provides 24/7 customer support with live chat and phone support, while Razorpay lacks these options.
8. Market Perception & User Feedback
| Aspect | Razorpay | Stripe |
| Best for | Indian startups, SMBs | Global businesses, SaaS, e-commerce |
| Trustpilot Rating | ⭐ 4.1 | ⭐ 4.6 |
| Common Complaints | Customer support, compliance delays | Higher fees, complex API |
📌 Verdict: Stripe has a stronger global reputation, while Razorpay is trusted for Indian transactions.
Case Studies: Who Should Choose Which Gateway?
✅ Choose Razorpay If…
✔ You operate in India and need UPI, wallets, and net banking.
✔ You want instant settlements and neobanking services.
✔ You prefer lower transaction fees for domestic payments.
⚠️ Choose Stripe If…
✔ You run a global business and accept multi-currency payments.
✔ You need advanced developer tools and API customization.
✔ You want better fraud detection and customer support.
Conclusion: Which Payment Gateway is Better?
| Category | Winner |
| Domestic Payments (India) | Razorpay |
| UPI Support | Razorpay |
| Global Payments & Multi-Currency | Stripe |
| Settlement Speed | Razorpay |
| Developer API & Customization | Stripe |
| Security & Fraud Prevention | Stripe |
| Customer Support | Stripe |
Final Verdict:
✅ Razorpay is the best choice for Indian businesses focusing on local transactions.
✅ Stripe is better for global companies needing multi-currency support and fraud prevention.
What’s your experience with Razorpay or Stripe? Share your thoughts in the comments!
FAQs
Q: Can I use both Razorpay and Stripe together?
A: Yes, businesses often integrate both to handle local and international transactions.
Q: Does Stripe support UPI payments in India?
A: No, Stripe does not support UPI as of 2025.
Q: Which payment gateway has lower fees?
A: Razorpay is cheaper for Indian transactions, while Stripe is better for global payments.
