Razorpay Vs Instamojo: which one is better?

Razorpay Vs Instamojo: which one is better?

If you are developing a small business or starting a remote team, making payments can be a costly process. How you pay people has a significant effect on duration, charges, and ease of use. So here we compare Razorpay vs. Instamojo and consider which of these payment options could work better for you.

Razorpay Vs Instamojo: A Detailed Comparison 


  • Zero setup and annual maintinence Fee
  • 2%+GST on each transaction through credit/debit cards,net banking and wallets
  • 3%+GST on transaction through International debit and Credit Cards
  • Multi currency Support
  • 24/7 support
  • Recurring Payment method available subscription based products
  • Direct links available
  • Mobile App Available for Android and IOS


  • Zero Setup and annual Maintenance Fee
  • 2%+Rs 3 on Each transaction through credit/debit cards,net banking and Wallets
  • 3%+Rs 3 on transaction through international credit and debit cards
  • Does not support multi currency
  • 24/7 support
  • No recurring payment option available
  • Direct links available
  • Mobile App available only for andriod


Who is Razorpay ?




Established by IIT Roorkee alumni, Razorpay aims to revolutionize online payments by offering secure, developer-friendly APIs and trouble-free integration. Razorpay offers a fast, affordable and secure way for merchants, schools, e-commerce and other companies to make payments online.


Pros (Why to choose Razorpay)

Razorpay provides a visual interface, simple and intuitive, which is one of the key strengths of this e-payment. They stand out for their simple integration: a single line of javascript is enough to integrate it in any e-commerce.

Another of the most outstanding attributes of Razorpay is its wide range of payment options.The main cause of the abandonment of the shopping cart is the low number of payment options, which have a negative impact on the user’s experience and therefore damage e-commerce sales.

Several surveys and estimates have shown that mobile traffic already surpasses computer traffic.These users are becoming increasingly relevant in e-commerce, which is why Razorpay’s integration into iOS and Android shines especially brightly.The SDKs used on this platform are notable for their low weight (about 100 KB), with automatic updates and other interesting features.

Razorpay also stands out for offering highly competitive commissions and rates tailored to the needs of start-ups, small companies, and e-commerce giants.Among the plans available on this website, we can list the following:

Standard Plan:

Planned for new businesses and small and large firms, this program has a 2% fee per transaction for the use of credit and debit cards in India, UPI payments and e-wallets such as Freecharge and Mobikwik.

Enterprise Plan:

Built for businesses and multinationals with a high volume of payments, Razorpay has developed a business package with customized rates that are tailored to the selling and payment needs of each customer.

Cons (Why No to choose Razorpay)

When comparing Razorpay vs Instamojo It should be possible to allow customers to deduct 10% of TDS prior to payment on the automated invoices. Their TDR payment gateway rates are a little bit higher than those of other payment gateway providers.

Who is Instamojo




Instamojo is a company based in Bangalore.It is targeted at the digital selling of merchandise and the payment of an electronic bill.Anyone with a bank account can sign up for Instamojo and sell or buy products on this digital platform.

Pros ( Why to choose Instamojo)

Instamojo has an inclusive payment system across India.It has over 100 payment methods to cover all the major ways Indian consumers like to pay.That includes 59 different Indian banks via Netbanking.

You can sell instantly just build an account at Instamojo, get your account approved by submitting proof of ID and proof of address.

You will not need any website to receive a payment using Instamojo.You can make payments with or without a website.You can send a connection to Instamojo Payment via email, WhatsApp or Facebook and collect payment from the client.

Beyond digital goods, Instamojo has added apps to sell & receive payments for event tickets, facilities, membership, physical products, subscription. Basically, anything under the sun that can legitimately be sold on the internet is now 1-click via Instamojo.

advanced risk management system (RMS) is continuously operated by automated algorithms based on a variety of heuristics & human supervision to quietly protect you and buyers 24×7.

Instamojo are now supporting 50,000 + small and medium-sized companies, including individuals, freelancers, home-preneurs, SOHO and mid-large customers such as UrbanClap, Shopo, RentoMojo, TripVillas, MyGola, Milaap, Neemrana Hotels, OnlinePrasad and 100 +.

Cons( Why not to choose Instamojo)

Instamojo not currently accepting multi-currency payments.For example: even if an international card is used, your customers would be charged to INR.

At the moment, they ‘re not promoting their services on any mobile application

In the end, Razorpay vs Instamojo, your business needs will decide the type of service you choose. Factors that include size, convenience, and ease of use.

Also Read: Best payment gateway in India


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