RazorpayX review (2026): is it worth ₹1,499 a month?
Business banking, payouts and payables software for Indian firms
Black Friday: is there a RazorpayX sale?
RazorpayX report card
Weak · out of 4.0 · graded Nov 13, 2026
Best for business payouts and vendor payments in India
RazorpayX handles payouts, vendor payments and TDS for Indian businesses. Plans start at ₹1,499 a month billed quarterly, payout charges are separate, and features stop if you don't upgrade.
Who RazorpayX is for
- Fits if you run payouts and vendor payments for an Indian business
- Works for finance teams that need approval steps and TDS on payments
Who RazorpayX is not for
- 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
Why RazorpayX gets a 1.6
Five grades, each with its reason. The GPA is their average: an A is 4 points, an F is none.
- CValue for moneyCore 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.
- FFree plan and trialNo free plan and no trial on the listing.
- CFeaturesPayouts 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.
- CEase of useNo store rating on record. Linking a business bank account and approvals needs setting up first.
- CPlatforms and integrationsWeb only, with banking APIs but no named integrations.
What these grades rest on. Graded from this listing, whose facts were read from RazorpayX's own pages on 13 November 2026. Not based on using the product, and shorter than our full reviews. How we review and grade.
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<a href="https://toolgpa.com/tools/razorpayx#review"><img src="https://toolgpa.com/badge/razorpayx.svg" alt="RazorpayX: 1.6 GPA on ToolGPA" width="196" height="56"></a>Where RazorpayX stands among spend and bill pay tools
RazorpayX's GPA of 1.6 is higher than 3 of the 76 other spend and bill pay tools we grade, and level with 13.
It stands best on value for money (C, above 5 of 76) and worst on free plan and trial (F, above 0).
Its paid plans start at about $15.79 a month, against a middle price of $12 for the category: 24 of the 36 others that charge start lower.
On features, ease of use and platforms it scores 2.0 out of 4. 24 tools score higher and cost less.
Each grade against the category
Every bar is all 77 spend and bill pay tools we grade, cut by the letter each got. RazorpayX’s own letter is outlined.
- CValue for moneyAbove 5 of 76, level with 55
- FFree plan and trialAbove 0 of 76, level with 42
- CFeaturesAbove 4 of 76, level with 56
- CEase of useAbove 0 of 76, level with 64
- CPlatforms and integrationsAbove 0 of 76, level with 17
Price against what you get
Each dot is one of 39 spend and bill pay tools. Further left costs less, and higher up scores better on features, ease of use and platforms. Point at a dot to see which tool it is.
Features, ease of use and platforms, averaged
What paid plans start at, a month (each step along is roughly double) →
- The best score at each price
- Has a free plan
- No free plan
Keep RazorpayX, or make your own?
Keep it
To replace RazorpayX you would be making money moved between bank accounts, which takes a licensed payments partner. That is not a weekend's work, with an AI app builder or without one.
That makes this kind of software worth paying for, not this one in particular: 60 of the 76 other spend and bill pay tools grade higher. It costs $189.44 a year.
What you could not
- Money moved between bank accounts, which takes a licensed payments partner.
- Cards issued through a bank.
- Payouts to partners in many countries, with their tax forms.
- An API that other software can build on.
What this rests on. RazorpayX’s listing: what it does, where it runs, what it plugs into and what it costs. It is a judgement about the kind of software this is. We have not built a replacement for it, and making your own means looking after it too. How we decide, and every tool’s verdict.
What is RazorpayX?
RazorpayX is a business banking and payments suite from Razorpay for companies in India. It combines current accounts held with partner banks, bulk and API payouts, approval workflows, vendor payments with invoice capture and TDS handling, and a corporate credit card, sold on monthly plans.
Worth knowing
- 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.
Key features
- 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.
RazorpayX pricing
As of Nov 13, 2026, RazorpayX is a paid product, starting at ₹1,499 per month, billed quarterly (₹4,497 + GST).
- Starts at
- ₹1,499 per month, billed quarterly (₹4,497 + GST)
- Free plan
- None
- Free trial
- None listed
| Plan | Price | What you get |
|---|---|---|
| Core | ₹1,499per month, billed quarterly (₹1,999 list) | Basic payouts, automated beneficiary onboarding, simple approvals and the mobile app. ₹4,497 + GST a quarter. |
| Pro | ₹4,199per 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 | ₹9,799per month, billed quarterly (₹13,999 list) | Adds invoice OCR, vendor onboarding, a vendor portal and automated TDS. ₹29,397 + GST a quarter. |
Read from razorpay.com on Nov 13, 2026. Prices change, so confirm with RazorpayX before you buy.
RazorpayX alternatives
- RazorpayX vs Tipalti
From $99/mo
- RazorpayX vs BILL
Free plan · from $49/mo
Common questions
Does RazorpayX have an Android app?
No Android app was listed when its pages were read on Nov 13, 2026. RazorpayX is listed for Web.
Does RazorpayX have an iPhone app?
No iPhone app was listed when its pages were read on Nov 13, 2026. RazorpayX is listed for Web.
Is RazorpayX open source?
RazorpayX is not described as open source on its own site, as read on Nov 13, 2026.
Does RazorpayX have an API?
Yes. RazorpayX offers a public API, according to its own site.
Sources for this page
The prices, plans, platforms and features above were read from these pages on Nov 13, 2026.