Razorpay:
An online payment gateway is a must for any eCommerce
platform or if you want to collect payment from the client end, you should
integrate your website with the payment gateway. In a nutshell, A payment
gateway helps end-user to pay the bill or cash within seconds, it is just a 3-step
process and allows you to pay using different methods like UPI, Credit and
debit, Internet Banking, etc.
A lot of new start-ups emerged during these pandemic
days. Some of them were failed and a few are at the top. There is no end for the
eCommerce platforms, day by day a new eCommerce platform is deploying to the
cloud. It doesn’t matter if that hits success or not but, to run such a platform you
must connect with the payment gateway. Because without it, you may not able to
collect the payments from the customers.
Nowadays, if there is a talk regarding payment gateway
software surely the term Razorpay is used most. This means it is a
successful start-up that earned a lot of active customers.
Shashank Kumar and Harshil
Mathur are the founders of Razorpay. Both are IIT Graduates and also
worked in MNCs.
Already they introduced Razorpay in 2014. Initially, they are 11 in total and they took one apartment room to continue their work.
As per the founder's note, they used to roam and meet 100 bankers to convince and
ask them to collaborate with their platform. The saddest part is 100s of
bankers were rejected Razorpay at the beginning.
The platform charges only 0.25 to 0.5 and it is a
user-friendly platform which makes it very easy for analysis too. It provides
payment buttons and API credentials to integrate with our platform. The best
thing about it is, the setup process is completely free and it only takes 1 or 2
business days to get into live If your KYC details are quite good and Genuine.
After a long fight and struggles, Razorpay became one
of the best online payment gateway platforms in the nation. Now, it is also
possible to collect payments from some International Countries too. Also, it is the most used payment gateway nowadays. Such an interesting story!!