FloPay vs Razorpay

Razorpay TokenHQ is a multi-network card tokenization solution, and its tokens can also be used to process payments through other payment gateways.

Razorpay Subscriptions automatically retries a failed recurring charge and emails the customer a link to change the card linked to the subscription.

Razorpay documents fraud screening, block rules for international payments, and a workflow for responding to disputes, but not early dispute alerts that let a merchant refund before the customer's bank opens a dispute.

Razorpay Optimizer routes transactions across multiple payment gateways, selects the next prioritized route when the first one fails, and can retry failed transactions through a secondary payment provider.

Optimizer supports rule-based, priority-based, and smart routing, and automatically moves transactions to the next priority gateway when a gateway's success rate drops below a certain level.

Razorpay Checkout lets merchants highlight, hide, and reorder payment methods, create payment blocks for specific customer segments, and change the order for a particular set of payments at run time.

Razorpay documents UPI, netbanking, wallets, EMI, Pay Later, and Apple Pay alongside cards.

Razorpay publishes server SDKs and integration guides for .NET, Go, Java, Node.js, PHP, Python, and Ruby.

Razorpay Payment Pages let businesses customize layouts and launch a payment page without writing code.

Razorpay builds and hosts Payment Pages that businesses can share from a custom URL.

Razorpay publishes its standard payment gateway fees and offers custom pricing plans for higher-volume businesses.

Razorpay's Merchant of Record service describes automated GST and VAT remittance for international sales, but it is currently offered only through a waitlist.

Magic Checkout can send an abandoned cart webhook with the shopper's contact details, so merchants can retarget customers who leave checkout and recover the sale.

Optimizer uses an AI and machine learning algorithm that monitors traffic and routes transactions to the best-performing gateway.

Razorpay onboards businesses onto its own platform, and Optimizer connects gateway accounts that merchants already hold. Obtaining a merchant ID with another acquirer on your behalf is not documented.

Razorpay Rize handles company incorporation in India for private limited companies, limited liability partnerships, and one person companies.

Razorpay accepts payments in many international currencies and settles them to Indian businesses in Indian rupees.

Through TokenHQ, Razorpay acts as a token requestor that connects businesses to card networks and issuing banks to tokenize saved cards.

Razorpay documents token status changes such as suspension and expiry, but not automatic updates to stored card details.

Razorpay lists PCI DSS Level 1 among its compliance certifications.

Razorpay supports the 3DS2 protocol for card payments, which passes device and browser data so the customer's bank can evaluate the transaction for risk.

Razorpay automatically settles captured payments on a published settlement cycle and also offers Instant Settlements.

After a failed charge, Razorpay emails customers a link to retry the payment or update their payment method, but a portal where customers manage their own subscriptions and billing is not documented.

Razorpay documents payment and settlement reporting and reconciliation, but not revenue recognition schedules or deferred revenue controls.

Razorpay's Test Mode is a sandbox with the same functionality as Live Mode, except that it cannot accept real payments.