Square vs Razorpay pricing
Both are in payments apis. Square is billed per transaction (2.6% + $0.15 in-person); Razorpay is billed per transaction (~2% + gst). Numbers below are copied from each vendor's pricing page.
SquareFree tier or trial
- Free tier
- Free APIs/SDKs + sandbox; sellers pay per transaction
- Billed
- Per transaction (2.6% + $0.15 in-person)
- Best for
- Omnichannel (online + in-person) payments
- Verified
- Jun 27, 2026
RazorpayFree tier or trial
- Free tier
- Free test mode + no monthly fee; ~2% per transaction live
- Billed
- Per transaction (~2% + GST)
- Best for
- India-first developer payments suite
- Verified
- Jun 27, 2026
Square plans
| Plan | Price | What it covers |
|---|---|---|
| Square Free | $0/mo | 2.6% + 15¢ in-person, 3.3% + 30¢ online/invoices, 3.5% + 15¢ keyed/card-on-file; no monthly fee |
| Square Plus | $49/mo | Lower in-person rate 2.5% + 15¢ and online 2.9% + 30¢, plus advanced POS features |
| Square Premium | $149/mo | Lowest in-person rate 2.4% + 15¢, online 2.9% + 30¢, advanced features |
| Online API | 2.9% + 30¢ | Flat rate for web/mobile app payments via the Payments API, all tiers |
| ACH via API | 1%, $1 min, $5 cap | Bank transfer payments processed through the API |
| Custom / Enterprise | Custom | Negotiated rates for businesses processing over $250,000 annually |
- Flat-rate pricing becomes expensive at high volume versus interchange-plus processors
- Online free-tier rate rose to 3.3% + 30¢ in October 2025
- Keyed/card-on-file transactions are costly at 3.5% + 15¢
Razorpay plans
| Plan | Price | What it covers |
|---|---|---|
| Standard (domestic) | 2% per transaction | Flat 2% + 18% GST on most domestic methods (cards, UPI, netbanking, wallets); charged only on successful transactions, no setup fee or AMC. |
| International Cards | Up to 3% per transaction | Cross-border card payments from overseas customers, plus 18% GST. |
| International Bank Transfers | 1% per transaction | SWIFT/ACH/SEPA/Faster Payments inbound transfers with zero forex markup. |
| UPI QR Codes | 0.99% per transaction | Discounted rate for UPI QR-code collections. |
| Subscriptions | ~0.9-1% add-on | Recurring-billing subscription fee layered on top of the base gateway fee per transaction. |
| Enterprise | Custom | Negotiated pricing for businesses processing above Rs. 5,00,000/month GMV. |
- Transaction fees viewed as slightly higher than competitors like Cashfree and PayU
- Standard settlement is T+2 (domestic) / T+7 (international); instant settlement costs extra
Source: https://razorpay.com/pricing/