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RazorpayX Payouts
Bangalore, Karnataka, India
What it is
RazorpayX Payouts lets businesses send payments to customers, vendors, partners and employees through an API or dashboard. Available transfer methods are UPI, IMPS, NEFT and RTGS for accounts issued by Indian banks. Businesses can upload hundreds of payouts at once, schedule payments through the dashboard or API, and set configurable approval workflows with permission controls. A payout that exceeds the available balance waits in a queue until funds are added. The dashboard also lets users search, view and act on financial transactions, with real-time transaction data and spending insights. RazorpayX says users can send refunds, bill payments and reimbursements directly to credit cards from within an app. The product page names e-commerce, online gaming and financial services among its use cases. Fees are ₹ 4 per transaction for IMPS/UPI transfers below ₹1000, ₹ 5 for NEFT/RTGS transfers, ₹ 6 for IMPS/UPI transfers between ₹1000 - ₹25,000, and ₹ 9 for IMPS/UPI transfers above ₹25,000; GST applies to the fee. RazorpayX says it is not a bank and does not hold a banking license.
For and against
For
- Supports UPI, IMPS, NEFT and RTGS transfers.
- Hundreds of payouts can be uploaded at once.
- Payouts can be scheduled by dashboard or API.
- Configurable approval workflows include permission controls.
- Recipient accounts and VPA addresses are validated.
Against
- There is no free plan.
- Fees range from ₹ 4 to ₹ 9 per transaction, plus GST.
- Transfer methods are for accounts issued by Indian banks.
- RazorpayX is not a bank and holds no banking license.
The verdict
RazorpayX Payouts combines payout scheduling, bulk transfers and approval controls with financial transaction tools. Review the per-transaction fees and Indian-bank account requirement before choosing it.
Who it suits
It suits businesses making payouts to customers, vendors, partners or employees, including e-commerce, online gaming and financial services companies. The listed transfer methods are for accounts issued by Indian banks.
Plans and prices
IMPS/UPI under ₹1,000
IMPS/UPI transfers below ₹1,000 · GST applicable
Read 15 Oct 2026 · razorpay.com
NEFT/RTGS
All NEFT/RTGS transfers · GST applicable
Read 15 Oct 2026 · razorpay.com
IMPS/UPI ₹1,000–₹25,000
IMPS/UPI transfers between ₹1,000 and ₹25,000 · GST applicable
Read 15 Oct 2026 · razorpay.com
IMPS/UPI above ₹25,000
IMPS/UPI transfers above ₹25,000 · GST applicable
Read 15 Oct 2026 · razorpay.com
IMPS/UPI transfers below ₹1000
IMPS/UPI transfers below ₹1000 · GST as applicable on fee
Read 4 Oct 2026 · razorpay.com
NEFT/RTGS transfers
All NEFT/RTGS transfers · GST as applicable on fee
Read 4 Oct 2026 · razorpay.com
IMPS/UPI transfers between ₹1000 - ₹25,000
IMPS/UPI transfers between ₹1000 - ₹25,000 · GST as applicable on fee
Read 4 Oct 2026 · razorpay.com
IMPS/UPI transfers above ₹25,000
IMPS/UPI transfers above ₹25,000 · GST as applicable on fee
Read 4 Oct 2026 · razorpay.com
On the record
- Accounting integrations
- RazorpayX connects with Tally and Zoho Books, synchronizing vendor payments and bank statements; the page also mentions QuickBooks elsewhere.razorpay.com · read 15 Oct 2026
- Analytics
- The dashboard provides real-time transaction data and insights on spending.razorpay.com · read 4 Oct 2026
- Android listing
- Google Play lists the RazorpayX app with at least 100,000 downloads and says data is encrypted in transit, with personal information and photos/videos among possible collected data.play.google.com · read 15 Oct 2026
- API documentation
- Public documentation covers contacts, fund accounts, payout creation, payout modes, test mode and payout status operations.github.com · read 15 Oct 2026
- Approval controls
- The dashboard supports configurable approval workflows with advanced permission control.razorpay.com · read 4 Oct 2026
- Approval workflow
- Dashboard workflows provide permission controls and payout approval processes.razorpay.com · read 15 Oct 2026
- Authentication
- The .NET SDK uses a dashboard key ID and key secret to authenticate API clients.github.com · read 15 Oct 2026
- Banking-provider limitation
- Razorpay states that RazorpayX itself is not a bank; current accounts and cards are provided by RBI-licensed partner banks.razorpay.com · read 15 Oct 2026
- Banking status
- Razorpay states that RazorpayX itself is not a bank and does not hold a banking license.razorpay.com · read 4 Oct 2026
- Bulk payouts
- Users can upload hundreds of payouts in one batch for processing.razorpay.com · read 15 Oct 2026
- Card payouts
- The service supports payouts directly to credit cards for refunds, bill payments and reimbursements.razorpay.com · read 15 Oct 2026
- Company
- Razorpay's About page says it was founded by IIT Roorkee alumni and lists its headquarters in Bangalore.razorpay.com · read 4 Oct 2026
- Company founding and headquarters
- Razorpay was started in 2014 by IIT Roorkee alumni Harshil Mathur and Shashank Kumar and lists Bangalore, Karnataka as headquarters.linkedin.com · read 15 Oct 2026
- Company size
- LinkedIn places Razorpay in the 1,001–5,000 employee range and displays more than 4,000 employees.linkedin.com · read 15 Oct 2026
- Financial CRM
- A financial CRM view lets teams search, inspect and act on transactions.razorpay.com · read 15 Oct 2026
- Funding news
- Razorpay announced a $375 million Series F on December 20, 2021, taking total investment to about $740 million and valuation to $7.5 billion.razorpay.com · read 15 Oct 2026
- Intended users
- The product page names e-commerce, online gaming, and financial services among its use cases, and describes payouts to customers, vendors, partners, and employees.razorpay.com · read 4 Oct 2026
- iOS requirements
- The iPhone app requires iOS 12 or later; Mac use requires macOS 11 or later with an Apple M1 chip or newer.apps.apple.com · read 15 Oct 2026
