RazorpayX vs Volopay (2026): which should you pick?
As of Nov 13, 2026, Volopay grades higher than RazorpayX: 2.0 against 1.6 out of 4.0.
Checked Nov 12, 2026 and Nov 13, 2026 · graded Nov 12, 2026 and Nov 13, 2026 by ToolGPA
Volopay grades higher on the free plan and platforms. They get the same grade on value for money, features and ease of use.
Price, platforms and features side by side. The table says where each price was read and when.
RazorpayX
Business banking, payouts and payables software for Indian firms
From ₹1,499/mo
Volopay
Corporate cards, bill pay and expenses with multi-currency accounts
Paid
Which one is for you
Pick RazorpayX if
- Fits if you run payouts and vendor payments for an Indian business
- Works for finance teams that need approval steps and TDS on payments
Look elsewhere if
- Pricey if you pay per payout, since plan fees cover platform access only and charges are billed separately
- Skip it if you need receipts or company cards, as it covers neither
- Watch out: the API Payouts bundle is an add-on at ₹4,000 a month
- Watch out: features are blocked if you don't upgrade to a paid plan, though the partner-bank account stays open
- Watch out: prices are in rupees excl. GST, and only the quarterly figures were readable
Pick Volopay if
- Fits if you pay vendors and staff in several currencies
- Works for teams that want cards and payables on one platform
Look elsewhere if
- Pricey if you can't see a price, as the pricing page leads to Talk to sales
- Watch out: the 12-month trial offer on the home page has no terms
- Watch out: in the US, payment services come from Airwallex US, LLC, so Volopay isn't the money transmitter
- Skip it if you need an app, as the site mentions one but names no platform
How we grade them
| 1.6GPARazorpayXWeak | 2.0GPAVolopayFair | |
|---|---|---|
| Value for money | CCore is ₹1,499 a month billed quarterly (₹4,497 + GST), about $18 a month, between the category's middle and dearer-quarter prices. Payout charges are billed on top. | CNo price is published: the US page shows two plan groups, cards and accounts payable, with Talk to sales. Middle by default against the category's $7.50, $12 and $20. |
| Free plan and trial | FNo free plan and no trial on the listing. | DThe home page mentions 12-month free trial offers but gives no terms, so we can't say what free covers. The listing itself shows no plan or trial. |
| Features | CPayouts by NEFT, RTGS and IMPS, bulk payouts, vendor payments with TDS, approval workflows and APIs. It is a payments product, with no card or receipt capture. | CCards, vendor payments, approvals, reimbursements, a multi-currency account and accounting sync. No gap in the core job shows, but its US payment side runs on a partner. |
| Ease of use | CNo store rating on record. Linking a business bank account and approvals needs setting up first. | CNo store rating on record. Cards, approvals and accounting sync to set up. |
| Platforms and integrations | CWeb only, with banking APIs but no named integrations. | BWeb only listed for sure, with six integrations. A mobile app is mentioned without naming platforms. |
| Best for | business payouts and vendor payments in India | cards and payments for multi-currency businesses |
The GPA is the average of the five grades: an A is 4 points, an F is none. The full reasons are on each tool's page: RazorpayX and Volopay. How we grade
Where they differ
- RazorpayX also covers partner payouts.
- Volopay also covers workflow automation, reports and expense tracking.
In commonWebBill payCompany cards
At a glance
| RazorpayX | Volopay | |
|---|---|---|
| Pricing | Paid | Paid |
| Starts at | ₹1,499 per month, billed quarterly (₹4,497 + GST) | Not published |
| Free plan | None | None |
| Free trial | None listed | None listed |
| Web | ||
| Made by | Razorpay | Volopay |
| Price read from | razorpay.com | Not confirmed |
| Checked | Nov 13, 2026 | Nov 12, 2026 |
Worth knowing
RazorpayX
- Plan fees cover platform access only; payout charges are billed separately and shown on the dashboard.
- The API Payouts bundle is an add-on at ₹4,000 a month, and other add-ons are arranged through sales.
- Access to RazorpayX features is blocked if you do not upgrade to a paid plan, though the partner-bank account stays open.
- Prices are in rupees and exclude GST; the Annually toggle was not readable, so only the quarterly figures are recorded.
Volopay
- No prices are published: the US pricing page shows two plan groups (cards, and accounts payable) with a Talk to sales button.
- Payment services for US customers are provided by Airwallex US, LLC, according to the site footer, so Volopay is not itself the money transmitter there.
- The site mentions a mobile app but does not say which platforms it runs on.
Key features
RazorpayX
- Payouts by NEFT, RTGS and IMPS
- Pays or schedules payments over NEFT, RTGS and IMPS, with instant beneficiary addition and a maker-checker step on payouts.
- Bulk payouts
- Pro and Vendor Payments plans accept up to 50,000 payouts at once from a CSV file uploaded in the banking portal.
- Vendor payments and TDS
- The Vendor Payments plan captures invoices by email, upload or portal, reads them with OCR and calculates TDS linked to a vendor's PAN.
- Approval workflows
- Pro adds custom approval flows, and Vendor Payments adds multi-layer approvals set by amount, team or department.
- Payout links
- Single or bulk payout links let customers claim an amount into their own bank account without sharing details up front.
- Banking APIs and add-ons
- An API Payouts bundle, bank account validation, UPI payouts, ERP integrations and auto-reconciliation are sold as paid add-ons.
Volopay
- Physical and virtual cards
- Issue unlimited virtual cards for subscriptions and vendors, plus physical Visa cards for staff, each with its own spending rules.
- Vendor payments
- Schedule and recur payments to local and international vendors; the site says transfers reach more than 130 countries.
- Approval workflows
- Set up to 5 levels of approvers for payments in different ranges before they are processed.
- Reimbursements
- Employees submit out-of-pocket claims from the mobile app, which replaces paper expense reports.
- Multi-currency account
- A business account with a multi-currency wallet and a global collection account for cross-border payments.
- Accounting sync
- Native integrations with NetSuite, Xero, QuickBooks, Tally, MYOB and Deskera keep the ledger current by periodic sync.
Plans
RazorpayX
Core₹1,499
per month, billed quarterly (₹1,999 list)
Basic payouts, automated beneficiary onboarding, simple approvals and the mobile app. ₹4,497 + GST a quarter.
Pro₹4,199
per month, billed quarterly (₹5,999 list)
Adds bulk payouts, payouts without full bank details, team roles and custom approval flows. ₹12,597 + GST a quarter.
Vendor Payments₹9,799
per month, billed quarterly (₹13,999 list)
Adds invoice OCR, vendor onboarding, a vendor portal and automated TDS. ₹29,397 + GST a quarter.
Volopay
Pricing could not be confirmed. See volopay.com.
Common questions
Which is cheaper, RazorpayX or Volopay?
As of Nov 13, 2026, RazorpayX starts at ₹1,499 per month, billed quarterly (₹4,497 + GST), and Volopay has no price we could confirm.
Which has a free plan, RazorpayX or Volopay?
As of Nov 13, 2026, neither RazorpayX nor Volopay has a free plan.
More comparisons
How this page was made
- The verdict at the top follows a fixed rule. When both tools are in the same category and either is in our top three for it, the verdict follows that ranking: the higher-placed tool is our pick. The top three weigh who each tool suits as well as its grades, so a pick can go against the GPA. Otherwise the page does not pick one and says which grades higher: the higher GPA first; on a tie, the one with a free plan, then the one that starts cheaper in dollars a month, counted the same way for both; if they are still level, what the choice depends on.
- The grades are our own, from each tool’s review or report card. The GPA is their average.
- Prices, plans and platforms come from each tool’s listing. The table above says where each price was read and when.
- The differences and the answers to the questions are worked out from those listings.