Compare

Adyen vs Razorpay

Of the 170 countries we track, Adyen onboards businesses in 43 and Razorpay in 4 (and 161 more with limits). Both serve businesses in 43.

Side by side

Pick where your business is registered. Add up to two more providers.

Pick up to 4.

For a business registered in

Onboards businesses in United States

Adyen

Available

Razorpay

Available

Accept payments

Adyen

Enterprise acquiring with local payment methods across most major markets, online and in person.

Razorpay

Payment gateway, payment links, payment pages, subscriptions, QR codes and POS. In India it supports cards, netbanking, UPI, wallets, EMI and Pay Later; Malaysia (Curlec) adds FPX, DuitNow and others; Singapore and US offer cards, wallets, PayNow (SG) and ACH (US). Non-Indian businesses can also collect from Indian customers.

Pay people abroad

Adyen

Pay out to sellers and users through Adyen for Platforms.

Razorpay

RazorpayX payouts to contacts in India via IMPS, RTGS, NEFT or UPI from a RazorpayX current account; also vendor and salary payouts. Razorpay Curlec in Malaysia also lists payouts. Cross-border payouts are not documented as a general product.Not for businesses in United States.

Multi-currency account

Adyen

Business accounts for platform users in selected markets.

Razorpay

RazorpayX current accounts for Indian businesses, provided by partner banks (ICICI, RBL, Yes Bank); RazorpayX is not a bank.Not for businesses in United States.

Business cards

Adyen

Card issuing for platforms and businesses.

Razorpay

RazorpayX Corporate Card (Visa corporate credit card issued by RBI-licensed partner banks) for Indian businesses.Not for businesses in United States.

Stablecoins

Adyen

Not offered

Razorpay

Not offered

Yield on idle cash

Adyen

Not offered

Razorpay

Not offered

Yield on idle cash

A return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is.

Where the return comes from

Adyen

No yield offered

Razorpay

No yield offered

Is the money protected?

Adyen

–

Razorpay

–

Does the rate change?

Adyen

–

Razorpay

–

Fees

Published prices only, with the date we read them. Many providers negotiate prices instead.

How pricing works

Adyen

Adyen charges a fixed processing fee per transaction ($0.13 / €0.11 / £0.11, by pricing region) plus a payment-method fee. For Visa and Mastercard the method fee is shown as Interchange+ + 0.60%, so total card cost depends on interchange and scheme fees. No setup or monthly fees.

Razorpay

Not yet researched

Published prices

Adyen

Pricing structure (all): Fixed processing fee + a fee set by the payment methodProcessing fee (fixed, every transaction) (US / global (USD view)): $0.13 per transaction, plus a payment-method feeVisa / Mastercard payment-method fee (global): Interchange+ + 0.60% (plus the fixed processing fee)Processing fee (fixed, every transaction) (EU (Europe pricing view, not country-specific)): €0.11 per transaction, plus a payment-method fee; Visa/Mastercard shown as €0.11 + Interchange+ + 0.60%Processing fee (fixed, every transaction) (UK (GBP pricing view)): £0.11 per transaction, plus a payment-method fee; Visa/Mastercard shown as £0.11 + Interchange+ + 0.60%Monthly / setup fees (all): No setup or monthly fees

Razorpay

–

What you can sell

From each provider’s acceptable use policy. “Restricted” means allowed only with approval or conditions, or banned for part of the category.

Software and digital goods

Adyen

Not stated

Razorpay

Not yet researched

Crypto

Adyen

RestrictedCryptocurrency exchange is restricted for merchants and prohibited for platform/partner businesses. Virtual currencies are listed under restricted money services.

Razorpay

Not yet researched

Lending and financial services

Adyen

RestrictedMoney services, FX, money transfer, BNPL, insurance and brokerage are restricted for merchants (mostly prohibited for platforms). Credit repair, binary options, payday/unsecured loans and unlicensed financial advisers are prohibited.

Razorpay

Not yet researched

Gambling

Adyen

RestrictedLegal gambling and games of skill with prizes are restricted for merchants and prohibited for platforms. Illegal gambling and any US-based gambling services are prohibited.

Razorpay

Not yet researched

Adult content

Adyen

RestrictedAdult goods (excluding fetish products) are restricted. Fetish products, sexual content and sexual entertainment are prohibited for both merchants and platforms.

Razorpay

Not yet researched

Dating

Adyen

RestrictedCasual dating is restricted for merchants and prohibited for platforms. Mail-order spouse and international matchmaking services are prohibited.

Razorpay

Not yet researched

Firearms and weapons

Adyen

Not allowedTrade of weapons, ammunition, military arms, explosive devices and firearm parts is prohibited.

Razorpay

Not yet researched

Cannabis and CBD

Adyen

RestrictedCannabis is restricted (documents needed) only in Canada; the line reads 'Cannabis (only in Canada)'. Outside Canada it is not offered as restricted, and drugs and 'other psychoactive products' are prohibited for both merchants and platforms. Treat cannabis outside Canada as not supported. CBD (as a highly regulated nutraceutical) is restricted for merchants and prohibited for platforms.

Razorpay

Not yet researched

Supplements

Adyen

RestrictedNutraceuticals and food products are restricted for merchants and platforms (highly regulated ones such as CBD are prohibited for platforms).

Razorpay

Not yet researched

Pharmacy and telemedicine

Adyen

RestrictedPharmaceuticals, prescription medicine and medical devices are restricted for merchants and platforms. IV therapy is prohibited.

Razorpay

Not yet researched

Travel

Adyen

RestrictedTravel agents, tour operators, cruise lines and timeshares are restricted. Airlines and travel-related arrangement services are restricted for merchants and prohibited for platforms.

Razorpay

Not yet researched

Multi-level marketing

Adyen

Not stated

Razorpay

Not yet researched

Free-trial subscriptions

Adyen

Not allowedDeceptive marketing, including poorly disclosed negative options and cancellation or refund avoidance, is prohibited. Clearly disclosed subscriptions are not addressed.

Razorpay

Not yet researched

Platform & marketplace

Run payments for other businesses: sign them up, take a cut, pay them out.

Sub-accounts for your users

Adyen

YesAdyen for Platforms: account holders and legal entities, with hosted or API onboarding and Adyen doing KYC.

Razorpay

YesPartners can onboard sub-merchants through APIs, with sub-merchants completing KYC on the partner's platform.

Split payments and platform fees

Adyen

YesSplit each payment between users and take platform commission.

Razorpay

YesRoute splits incoming payments among linked accounts. Since RBI's September 2025 rules, Route requires minimum turnover (over INR 40 lakh domestic or INR 5 lakh export) and a payer-payee transparency declaration.

Embeddable UI

Adyen

YesHosted onboarding and embeddable components for users.

Razorpay

YesMerchant Onboarding UI: pre-built, brand-configurable components for onboarding sub-merchants (on request); Embedded Payments for platforms.

Pay out to your users

Adyen

YesPayouts to users’ bank accounts, or into Adyen business accounts.

Razorpay

YesRazorpayX payouts to bank accounts and UPI IDs in India (IMPS/RTGS/NEFT/UPI). Domestic Indian payouts only in the docs checked.

Embedded finance for your users

Give your users financial products under your brand.

Accounts that hold money

Adyen

PartlyBusiness accounts with account numbers in BE, DE, ES, FR, GB, NL and the US. Adyen says the feature is still in development.

Razorpay

Not confirmedNot found in public materials (provider's own pages checked). RazorpayX current accounts are for the merchant itself, not for its users.

Cards for your users

Adyen

YesVirtual and physical Visa and Mastercard cards for platform users in Europe, the UK and the US.

Razorpay

Not confirmedNot found in public materials (provider's own pages checked). The RazorpayX Corporate Card is for the merchant's own spending.

Financing for your users

Adyen

YesCapital for platform users in Europe, the UK, Australia and the US.

Razorpay

PartlyRazorpay Capital runs an invite-only partner programme in which B2B businesses can refer their customers to Razorpay's Line of Credit. This is a referral, not an embedded lending API.

Consumer apps

Build for individuals, not just businesses, the way Bridge allows.

End users can be individuals

Adyen

NoAccount holders are organisations and sole proprietors, not consumers.

Razorpay

Not confirmedNot found in public materials (provider's own pages checked).

Consumer wallets or accounts

Adyen

NoBusiness accounts only.

Razorpay

NoRazorpay's White Label Wallet (closed wallets for your customers) was discontinued in April 2023 and takes no new users.

Consumer cards

Adyen

NoCards serve platforms and their business users, for example payout cards for marketplace sellers.

Razorpay

Not confirmedNot found in public materials (provider's own pages checked).

Stablecoins

Dollar-backed tokens as a payment and treasury rail.

Accept stablecoins

Adyen

NoNo stablecoin product found in public materials.

Razorpay

Not confirmedNot found in public materials (provider's own pages checked). Razorpay's India terms bar merchants from crypto activity.

Hold stablecoin balances

Adyen

NoNo stablecoin product found in public materials.

Razorpay

Not confirmedNot found in public materials (provider's own pages checked).

Pay out in stablecoins

Adyen

NoNo stablecoin product found in public materials.

Razorpay

Not confirmedNot found in public materials (provider's own pages checked).

Issue your own stablecoin

Adyen

NoNo stablecoin product found in public materials.

Razorpay

Not confirmedNot found in public materials (provider's own pages checked).

Regulatory risk in United States

Adyen

No stablecoin products

Razorpay

No stablecoin products

AI agents

Build with AI tools, and let AI agents shop and pay.

Official MCP server

Adyen

Not confirmedNo official MCP server found; only community-built ones.

Razorpay

YesOfficial Razorpay MCP Server, hosted (remote) or self-hosted via Docker, with 35+ tools covering payments, orders, links, refunds, settlements and payouts.

Checkout for AI agents

Adyen

YesWorks as the payment provider behind Agentic Commerce Protocol checkouts, with gaps for CVC re-entry and network tokens. Also backs Google’s AP2 and the Universal Commerce Protocol.

Razorpay

PartlyRazorpay Agentic Payments: in-app agentic checkout (live in beta), voice payments and in-chat purchases on LLM platforms.

Cards for AI agents

Adyen

Not confirmedNot found in public materials.

Razorpay

PartlyUPI Reserve Pay (live) lets AI agents pay within pre-approved spending limits. It is a UPI mandate, not a card.

Working with them

How easy it is to get started.

Self-serve signup

Adyen

PartlyMost businesses go through Adyen’s sales team.

Razorpay

Not confirmedNot researched yet.

Published pricing

Adyen

PartlyPer-transaction fees by payment method are published; overall terms are negotiated.

Razorpay

Not confirmedNot researched yet.

Public API and sandbox

Adyen

YesPublic API and test environment.

Razorpay

Not confirmedNot researched yet.

In short

Countries onboarded

Adyen

43 of 170

Razorpay

4 of 170

Designed for

Adyen

High-volume merchants that want local acquiring and one contract across many regions.

Razorpay

Businesses registered in India that need local methods such as UPI and netbanking, and foreign businesses that want to sell to Indian customers without an Indian entity.

Limitations

Adyen

Onboarding goes through Adyen’s sales team, and the service is aimed at larger businesses.

Razorpay

Full service is limited to India, Malaysia, Singapore and the US, and products differ sharply by market; most platform and banking features are India-only.

	Adyen Payment processor	Razorpay Regional processor
Onboards businesses in United States	Available	Available
Accept payments	Enterprise acquiring with local payment methods across most major markets, online and in person.	Payment gateway, payment links, payment pages, subscriptions, QR codes and POS. In India it supports cards, netbanking, UPI, wallets, EMI and Pay Later; Malaysia (Curlec) adds FPX, DuitNow and others; Singapore and US offer cards, wallets, PayNow (SG) and ACH (US). Non-Indian businesses can also collect from Indian customers.
Pay people abroad	Pay out to sellers and users through Adyen for Platforms.	RazorpayX payouts to contacts in India via IMPS, RTGS, NEFT or UPI from a RazorpayX current account; also vendor and salary payouts. Razorpay Curlec in Malaysia also lists payouts. Cross-border payouts are not documented as a general product.Not for businesses in United States.
Multi-currency account	Business accounts for platform users in selected markets.	RazorpayX current accounts for Indian businesses, provided by partner banks (ICICI, RBL, Yes Bank); RazorpayX is not a bank.Not for businesses in United States.
Business cards	Card issuing for platforms and businesses.	RazorpayX Corporate Card (Visa corporate credit card issued by RBI-licensed partner banks) for Indian businesses.Not for businesses in United States.
Stablecoins	Not offered	Not offered
Yield on idle cash	Not offered	Not offered
Yield on idle cashA return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is.
Where the return comes from	No yield offered	No yield offered
Is the money protected?	–	–
Does the rate change?	–	–
FeesPublished prices only, with the date we read them. Many providers negotiate prices instead.
How pricing works	Adyen charges a fixed processing fee per transaction ($0.13 / €0.11 / £0.11, by pricing region) plus a payment-method fee. For Visa and Mastercard the method fee is shown as Interchange+ + 0.60%, so total card cost depends on interchange and scheme fees. No setup or monthly fees.	Not yet researched
Published prices	Pricing structure (all): Fixed processing fee + a fee set by the payment methodProcessing fee (fixed, every transaction) (US / global (USD view)): $0.13 per transaction, plus a payment-method feeVisa / Mastercard payment-method fee (global): Interchange+ + 0.60% (plus the fixed processing fee)Processing fee (fixed, every transaction) (EU (Europe pricing view, not country-specific)): €0.11 per transaction, plus a payment-method fee; Visa/Mastercard shown as €0.11 + Interchange+ + 0.60%Processing fee (fixed, every transaction) (UK (GBP pricing view)): £0.11 per transaction, plus a payment-method fee; Visa/Mastercard shown as £0.11 + Interchange+ + 0.60%Monthly / setup fees (all): No setup or monthly fees	–
What you can sellFrom each provider’s acceptable use policy. “Restricted” means allowed only with approval or conditions, or banned for part of the category.
Software and digital goods	Not stated	Not yet researched
Crypto	RestrictedCryptocurrency exchange is restricted for merchants and prohibited for platform/partner businesses. Virtual currencies are listed under restricted money services.	Not yet researched
Lending and financial services	RestrictedMoney services, FX, money transfer, BNPL, insurance and brokerage are restricted for merchants (mostly prohibited for platforms). Credit repair, binary options, payday/unsecured loans and unlicensed financial advisers are prohibited.	Not yet researched
Gambling	RestrictedLegal gambling and games of skill with prizes are restricted for merchants and prohibited for platforms. Illegal gambling and any US-based gambling services are prohibited.	Not yet researched
Adult content	RestrictedAdult goods (excluding fetish products) are restricted. Fetish products, sexual content and sexual entertainment are prohibited for both merchants and platforms.	Not yet researched
Dating	RestrictedCasual dating is restricted for merchants and prohibited for platforms. Mail-order spouse and international matchmaking services are prohibited.	Not yet researched
Firearms and weapons	Not allowedTrade of weapons, ammunition, military arms, explosive devices and firearm parts is prohibited.	Not yet researched
Cannabis and CBD	RestrictedCannabis is restricted (documents needed) only in Canada; the line reads 'Cannabis (only in Canada)'. Outside Canada it is not offered as restricted, and drugs and 'other psychoactive products' are prohibited for both merchants and platforms. Treat cannabis outside Canada as not supported. CBD (as a highly regulated nutraceutical) is restricted for merchants and prohibited for platforms.	Not yet researched
Supplements	RestrictedNutraceuticals and food products are restricted for merchants and platforms (highly regulated ones such as CBD are prohibited for platforms).	Not yet researched
Pharmacy and telemedicine	RestrictedPharmaceuticals, prescription medicine and medical devices are restricted for merchants and platforms. IV therapy is prohibited.	Not yet researched
Travel	RestrictedTravel agents, tour operators, cruise lines and timeshares are restricted. Airlines and travel-related arrangement services are restricted for merchants and prohibited for platforms.	Not yet researched
Multi-level marketing	Not stated	Not yet researched
Free-trial subscriptions	Not allowedDeceptive marketing, including poorly disclosed negative options and cancellation or refund avoidance, is prohibited. Clearly disclosed subscriptions are not addressed.	Not yet researched
Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users	YesAdyen for Platforms: account holders and legal entities, with hosted or API onboarding and Adyen doing KYC.	YesPartners can onboard sub-merchants through APIs, with sub-merchants completing KYC on the partner's platform.
Split payments and platform fees	YesSplit each payment between users and take platform commission.	YesRoute splits incoming payments among linked accounts. Since RBI's September 2025 rules, Route requires minimum turnover (over INR 40 lakh domestic or INR 5 lakh export) and a payer-payee transparency declaration.
Embeddable UI	YesHosted onboarding and embeddable components for users.	YesMerchant Onboarding UI: pre-built, brand-configurable components for onboarding sub-merchants (on request); Embedded Payments for platforms.
Pay out to your users	YesPayouts to users’ bank accounts, or into Adyen business accounts.	YesRazorpayX payouts to bank accounts and UPI IDs in India (IMPS/RTGS/NEFT/UPI). Domestic Indian payouts only in the docs checked.
Embedded finance for your usersGive your users financial products under your brand.
Accounts that hold money	PartlyBusiness accounts with account numbers in BE, DE, ES, FR, GB, NL and the US. Adyen says the feature is still in development.	Not confirmedNot found in public materials (provider's own pages checked). RazorpayX current accounts are for the merchant itself, not for its users.
Cards for your users	YesVirtual and physical Visa and Mastercard cards for platform users in Europe, the UK and the US.	Not confirmedNot found in public materials (provider's own pages checked). The RazorpayX Corporate Card is for the merchant's own spending.
Financing for your users	YesCapital for platform users in Europe, the UK, Australia and the US.	PartlyRazorpay Capital runs an invite-only partner programme in which B2B businesses can refer their customers to Razorpay's Line of Credit. This is a referral, not an embedded lending API.
Consumer appsBuild for individuals, not just businesses, the way Bridge allows.
End users can be individuals	NoAccount holders are organisations and sole proprietors, not consumers.	Not confirmedNot found in public materials (provider's own pages checked).
Consumer wallets or accounts	NoBusiness accounts only.	NoRazorpay's White Label Wallet (closed wallets for your customers) was discontinued in April 2023 and takes no new users.
Consumer cards	NoCards serve platforms and their business users, for example payout cards for marketplace sellers.	Not confirmedNot found in public materials (provider's own pages checked).
StablecoinsDollar-backed tokens as a payment and treasury rail.
Accept stablecoins	NoNo stablecoin product found in public materials.	Not confirmedNot found in public materials (provider's own pages checked). Razorpay's India terms bar merchants from crypto activity.
Hold stablecoin balances	NoNo stablecoin product found in public materials.	Not confirmedNot found in public materials (provider's own pages checked).
Pay out in stablecoins	NoNo stablecoin product found in public materials.	Not confirmedNot found in public materials (provider's own pages checked).
Issue your own stablecoin	NoNo stablecoin product found in public materials.	Not confirmedNot found in public materials (provider's own pages checked).
Regulatory risk in United States	No stablecoin products	No stablecoin products
AI agentsBuild with AI tools, and let AI agents shop and pay.
Official MCP server	Not confirmedNo official MCP server found; only community-built ones.	YesOfficial Razorpay MCP Server, hosted (remote) or self-hosted via Docker, with 35+ tools covering payments, orders, links, refunds, settlements and payouts.
Checkout for AI agents	YesWorks as the payment provider behind Agentic Commerce Protocol checkouts, with gaps for CVC re-entry and network tokens. Also backs Google’s AP2 and the Universal Commerce Protocol.	PartlyRazorpay Agentic Payments: in-app agentic checkout (live in beta), voice payments and in-chat purchases on LLM platforms.
Cards for AI agents	Not confirmedNot found in public materials.	PartlyUPI Reserve Pay (live) lets AI agents pay within pre-approved spending limits. It is a UPI mandate, not a card.
Working with themHow easy it is to get started.
Self-serve signup	PartlyMost businesses go through Adyen’s sales team.	Not confirmedNot researched yet.
Published pricing	PartlyPer-transaction fees by payment method are published; overall terms are negotiated.	Not confirmedNot researched yet.
Public API and sandbox	YesPublic API and test environment.	Not confirmedNot researched yet.
In short
Countries onboarded	43 of 170	4 of 170
Designed for	High-volume merchants that want local acquiring and one contract across many regions.	Businesses registered in India that need local methods such as UPI and netbanking, and foreign businesses that want to sell to Indian customers without an Indian entity.
Limitations	Onboarding goes through Adyen’s sales team, and the service is aimed at larger businesses.	Full service is limited to India, Malaysia, Singapore and the US, and products differ sharply by market; most platform and banking features are India-only.

Common questions

Is Adyen or Razorpay available in more countries?

Razorpay. Of the 170 countries we track, Adyen onboards businesses in 43 and Razorpay in 4 (and 161 more with limits). Both serve businesses in 43. Only Razorpay: Argentina, Colombia, Chile, Peru, Saudi Arabia, Israel, Turkey, Egypt, Nigeria, Kenya, South Africa, Ghana and 110 more.

What do Adyen and Razorpay offer?

Accept payments: Adyen yes, Razorpay yes. Pay people abroad: Adyen yes, Razorpay yes. Multi-currency account: Adyen yes, Razorpay yes. Business cards: Adyen yes, Razorpay yes. Stablecoins: Adyen no, Razorpay no. Yield on idle cash: Adyen no, Razorpay no.

How do Adyen and Razorpay differ for platforms and embedded finance?

Accounts that hold money: Adyen partly, Razorpay not confirmed. Cards for your users: Adyen yes, Razorpay not confirmed. Financing for your users: Adyen yes, Razorpay partly. End users can be individuals: Adyen no, Razorpay not confirmed. Consumer cards: Adyen no, Razorpay not confirmed. Accept stablecoins: Adyen no, Razorpay not confirmed. Hold stablecoin balances: Adyen no, Razorpay not confirmed. Pay out in stablecoins: Adyen no, Razorpay not confirmed. Issue your own stablecoin: Adyen no, Razorpay not confirmed. Official MCP server: Adyen not confirmed, Razorpay yes. Checkout for AI agents: Adyen yes, Razorpay partly. Cards for AI agents: Adyen not confirmed, Razorpay partly.

Who is Adyen designed for?

High-volume merchants that want local acquiring and one contract across many regions. Limitations: Onboarding goes through Adyen’s sales team, and the service is aimed at larger businesses.

Who is Razorpay designed for?

Businesses registered in India that need local methods such as UPI and netbanking, and foreign businesses that want to sell to Indian customers without an Indian entity. Limitations: Full service is limited to India, Malaysia, Singapore and the US, and products differ sharply by market; most platform and banking features are India-only.