Compare

PayPal vs Razorpay

Of the 170 countries we track, PayPal onboards businesses in 91 (and 2 more with limits) and Razorpay in 4 (and 161 more with limits). Both serve businesses in 93.

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

PayPal

Available

Razorpay

Available

Accept payments

PayPal

PayPal wallet, cards and (in the US) Venmo at checkout, with buyer and seller protection.

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

PayPal

Mass payouts to PayPal and Venmo accounts worldwide. Bank payouts go through Hyperwallet.

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

PayPal

Hold balances in 20+ currencies inside a PayPal business account.

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

PayPal

PayPal Business Debit Mastercard.

Razorpay

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

Stablecoins

PayPal

US businesses can accept crypto through Pay with Crypto and hold PayPal USD (PYUSD).

Razorpay

Not offered

Yield on idle cash

PayPal

US businesses holding PayPal USD (PYUSD) in their PayPal balance can opt in to rewards of around 3.7–4% a year, funded from the stablecoin’s reserve interest. Not available in New York.

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

PayPal

Moderate riskStablecoin rewards

Razorpay

No yield offered

Is the money protected?

PayPal

Stablecoins are not bank deposits and are not insured. The reward is a promotion funded by the issuer’s reserve interest; it can be changed or stopped, and US law bars issuers from paying interest directly.

Razorpay

–

Does the rate change?

PayPal

Set by the provider; tends to follow US Treasury rates.Last seen: Around 3.7–4% a year (2026)

Razorpay

–

Fees

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

How pricing works

PayPal

PayPal publishes per-market fee pages (both last updated 1 October 2026). US: 3.49% + 0.49 USD for PayPal Checkout, 2.99% + 0.49 USD for standard card payments, and 2.89% + 0.29 USD for Advanced Credit and Debit Card Payments (or interchange + 0.49% + 0.39 USD). International payments add 1.50%, currency conversion has a 3.00% spread, a chargeback costs $20 and a standard dispute $15. Fees are not returned on refunds. UK: 2.9% + 0.30 GBP standard rate (1.2% for card payers without a PayPal account), and Advanced card payments at 1.2% + 0.20 GBP (Amex 3.5%). International payments add 1.29% (EEA) or 1.99% (elsewhere). A chargeback costs £14 and a standard dispute £12.

Razorpay

Not yet researched

Published prices

PayPal

PayPal Checkout (US): 3.49% + fixed feeStandard credit and debit card payments (US): 2.99% + fixed feeFixed fee (USD) (US): 0.49 USD per commercial transaction received in USDInternational commercial transactions (US): +1.50% on top of the domestic rateCurrency conversion (US): 3.00% spread for most transactions (4.00% for some, e.g. Payouts in another currency)Chargeback fee (US): 20.00 USD per card chargeback on transactions not processed through a PayPal account or guest checkout

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

PayPal

Not stated

Razorpay

Not yet researched

Crypto

PayPal

RestrictedCryptocurrency, virtual in-game currencies and NFTs require pre-approval.

Razorpay

Not yet researched

Lending and financial services

PayPal

RestrictedMoney service businesses, e-money, stored value, escrow and investments require pre-approval. Traveler's checks, money orders, currency exchange, check cashing, certain credit repair, debt settlement and credit transactions, and payment processors collecting for merchants are prohibited.

Razorpay

Not yet researched

Gambling

PayPal

RestrictedGambling, gaming, prize draws and contests require pre-approval and are allowed only where operator and customers are in jurisdictions where they are legal.

Razorpay

Not yet researched

Adult content

PayPal

RestrictedDigitally delivered adult content (VOD, webcam) requires pre-approval. 'Certain sexually oriented materials or services' and obscene items are prohibited.

Razorpay

Not yet researched

Dating

PayPal

RestrictedOnline dating requires pre-approval.

Razorpay

Not yet researched

Firearms and weapons

PayPal

Not allowedAmmunition, firearms, certain firearm parts and certain regulated weapons or knives are prohibited.

Razorpay

Not yet researched

Cannabis and CBD

PayPal

Not stated

Razorpay

Not yet researched

Supplements

PayPal

Not stated

Razorpay

Not yet researched

Pharmacy and telemedicine

PayPal

RestrictedPrescription items, telemedicine and medical devices/services require pre-approval.

Razorpay

Not yet researched

Travel

PayPal

RestrictedAirlines and charter/air taxi operators require pre-approval. Other travel businesses (agencies, tours) are not mentioned.

Razorpay

Not yet researched

Multi-level marketing

PayPal

RestrictedMulti-level marketing and direct selling require pre-approval; pyramid/Ponzi schemes and 'certain multi-level marketing programs' are prohibited.

Razorpay

Not yet researched

Free-trial subscriptions

PayPal

Not stated

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

PayPal

YesPayPal Complete Payments onboards sellers into their own PayPal business accounts. Braintree Marketplace creates sub-merchants, but only for US businesses.

Razorpay

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

Split payments and platform fees

PayPal

YesPlatform fees on seller payments; Braintree Marketplace splits each transaction and can hold funds in escrow.

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

PayPal

PartlySeller onboarding is a PayPal-hosted flow.

Razorpay

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

Pay out to your users

PayPal

YesPayouts API to PayPal and Venmo accounts; Hyperwallet for bank, card and cash payouts.

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

PayPal

NoSellers hold their own PayPal accounts; platforms cannot create accounts that hold money for users.

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

PayPal

NoNo card issuing for platform users.

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

PayPal

NoPayPal’s business loans are offered directly by PayPal, not through platforms.

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

PayPal

PartlyYou can pay individuals’ PayPal and Venmo accounts, but not build wallets or accounts for your own users.

Razorpay

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

Consumer wallets or accounts

PayPal

NoConsumers use PayPal’s own wallet.

Razorpay

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

Consumer cards

PayPal

NoNot offered to platforms.

Razorpay

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

Stablecoins

Dollar-backed tokens as a payment and treasury rail.

Accept stablecoins

PayPal

PartlyPay with Crypto lets US merchants accept crypto, settled in dollars.

Razorpay

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

Hold stablecoin balances

PayPal

PartlyUS accounts can hold PayPal USD (PYUSD).

Razorpay

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

Pay out in stablecoins

PayPal

Not confirmedNot confirmed for platform payouts.

Razorpay

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

Issue your own stablecoin

PayPal

NoPYUSD is PayPal’s own coin; you cannot issue one.

Razorpay

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

Regulatory risk in United States

PayPal

Low risk

Razorpay

No stablecoin products

AI agents

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

Official MCP server

PayPal

YesAgent tooling for its APIs, and backing WebMCP so agents can use merchants’ existing storefronts.

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

PayPal

YesAdopted the Agentic Commerce Protocol for Instant Checkout in ChatGPT, rolling out in 2026, so PayPal merchants can sell in ChatGPT without their own integration.

Razorpay

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

Cards for AI agents

PayPal

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

PayPal

YesSign up online.

Razorpay

Not confirmedNot researched yet.

Published pricing

PayPal

YesMerchant fees are published by country.

Razorpay

Not confirmedNot researched yet.

Public API and sandbox

PayPal

YesPublic REST API and sandbox.

Razorpay

Not confirmedNot researched yet.

Coming soon

Announced but not launched. These are plans, not products you can sign up for today: timing often slips, and some never ship.

Announced, not yet live

PayPal

Awaiting approvalPayPal Bank in the USNo date given · Includes United States

Details and sources →

Razorpay

Nothing announced

In short

Countries onboarded

PayPal

91 of 170

Razorpay

4 of 170

Designed for

PayPal

Selling to customers who already pay with PayPal, including cross-border buyers.

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

PayPal

PayPal’s terms allow it to hold payments or set reserves, for example on new accounts or after a sudden rise in sales.

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.

	PayPal Payment processor	Razorpay Regional processor
Onboards businesses in United States	Available	Available
Accept payments	PayPal wallet, cards and (in the US) Venmo at checkout, with buyer and seller protection.	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	Mass payouts to PayPal and Venmo accounts worldwide. Bank payouts go through Hyperwallet.	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	Hold balances in 20+ currencies inside a PayPal business account.	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	PayPal Business Debit Mastercard.	RazorpayX Corporate Card (Visa corporate credit card issued by RBI-licensed partner banks) for Indian businesses.Not for businesses in United States.
Stablecoins	US businesses can accept crypto through Pay with Crypto and hold PayPal USD (PYUSD).	Not offered
Yield on idle cash	US businesses holding PayPal USD (PYUSD) in their PayPal balance can opt in to rewards of around 3.7–4% a year, funded from the stablecoin’s reserve interest. Not available in New York.	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	Moderate riskStablecoin rewards	No yield offered
Is the money protected?	Stablecoins are not bank deposits and are not insured. The reward is a promotion funded by the issuer’s reserve interest; it can be changed or stopped, and US law bars issuers from paying interest directly.	–
Does the rate change?	Set by the provider; tends to follow US Treasury rates.Last seen: Around 3.7–4% a year (2026)	–
FeesPublished prices only, with the date we read them. Many providers negotiate prices instead.
How pricing works	PayPal publishes per-market fee pages (both last updated 1 October 2026). US: 3.49% + 0.49 USD for PayPal Checkout, 2.99% + 0.49 USD for standard card payments, and 2.89% + 0.29 USD for Advanced Credit and Debit Card Payments (or interchange + 0.49% + 0.39 USD). International payments add 1.50%, currency conversion has a 3.00% spread, a chargeback costs $20 and a standard dispute $15. Fees are not returned on refunds. UK: 2.9% + 0.30 GBP standard rate (1.2% for card payers without a PayPal account), and Advanced card payments at 1.2% + 0.20 GBP (Amex 3.5%). International payments add 1.29% (EEA) or 1.99% (elsewhere). A chargeback costs £14 and a standard dispute £12.	Not yet researched
Published prices	PayPal Checkout (US): 3.49% + fixed feeStandard credit and debit card payments (US): 2.99% + fixed feeFixed fee (USD) (US): 0.49 USD per commercial transaction received in USDInternational commercial transactions (US): +1.50% on top of the domestic rateCurrency conversion (US): 3.00% spread for most transactions (4.00% for some, e.g. Payouts in another currency)Chargeback fee (US): 20.00 USD per card chargeback on transactions not processed through a PayPal account or guest checkout	–
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, virtual in-game currencies and NFTs require pre-approval.	Not yet researched
Lending and financial services	RestrictedMoney service businesses, e-money, stored value, escrow and investments require pre-approval. Traveler's checks, money orders, currency exchange, check cashing, certain credit repair, debt settlement and credit transactions, and payment processors collecting for merchants are prohibited.	Not yet researched
Gambling	RestrictedGambling, gaming, prize draws and contests require pre-approval and are allowed only where operator and customers are in jurisdictions where they are legal.	Not yet researched
Adult content	RestrictedDigitally delivered adult content (VOD, webcam) requires pre-approval. 'Certain sexually oriented materials or services' and obscene items are prohibited.	Not yet researched
Dating	RestrictedOnline dating requires pre-approval.	Not yet researched
Firearms and weapons	Not allowedAmmunition, firearms, certain firearm parts and certain regulated weapons or knives are prohibited.	Not yet researched
Cannabis and CBD	Not stated	Not yet researched
Supplements	Not stated	Not yet researched
Pharmacy and telemedicine	RestrictedPrescription items, telemedicine and medical devices/services require pre-approval.	Not yet researched
Travel	RestrictedAirlines and charter/air taxi operators require pre-approval. Other travel businesses (agencies, tours) are not mentioned.	Not yet researched
Multi-level marketing	RestrictedMulti-level marketing and direct selling require pre-approval; pyramid/Ponzi schemes and 'certain multi-level marketing programs' are prohibited.	Not yet researched
Free-trial subscriptions	Not stated	Not yet researched
Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users	YesPayPal Complete Payments onboards sellers into their own PayPal business accounts. Braintree Marketplace creates sub-merchants, but only for US businesses.	YesPartners can onboard sub-merchants through APIs, with sub-merchants completing KYC on the partner's platform.
Split payments and platform fees	YesPlatform fees on seller payments; Braintree Marketplace splits each transaction and can hold funds in escrow.	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	PartlySeller onboarding is a PayPal-hosted flow.	YesMerchant Onboarding UI: pre-built, brand-configurable components for onboarding sub-merchants (on request); Embedded Payments for platforms.
Pay out to your users	YesPayouts API to PayPal and Venmo accounts; Hyperwallet for bank, card and cash payouts.	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	NoSellers hold their own PayPal accounts; platforms cannot create accounts that hold money for users.	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	NoNo card issuing for platform users.	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	NoPayPal’s business loans are offered directly by PayPal, not through platforms.	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	PartlyYou can pay individuals’ PayPal and Venmo accounts, but not build wallets or accounts for your own users.	Not confirmedNot found in public materials (provider's own pages checked).
Consumer wallets or accounts	NoConsumers use PayPal’s own wallet.	NoRazorpay's White Label Wallet (closed wallets for your customers) was discontinued in April 2023 and takes no new users.
Consumer cards	NoNot offered to platforms.	Not confirmedNot found in public materials (provider's own pages checked).
StablecoinsDollar-backed tokens as a payment and treasury rail.
Accept stablecoins	PartlyPay with Crypto lets US merchants accept crypto, settled in dollars.	Not confirmedNot found in public materials (provider's own pages checked). Razorpay's India terms bar merchants from crypto activity.
Hold stablecoin balances	PartlyUS accounts can hold PayPal USD (PYUSD).	Not confirmedNot found in public materials (provider's own pages checked).
Pay out in stablecoins	Not confirmedNot confirmed for platform payouts.	Not confirmedNot found in public materials (provider's own pages checked).
Issue your own stablecoin	NoPYUSD is PayPal’s own coin; you cannot issue one.	Not confirmedNot found in public materials (provider's own pages checked).
Regulatory risk in United States	Low risk	No stablecoin products
AI agentsBuild with AI tools, and let AI agents shop and pay.
Official MCP server	YesAgent tooling for its APIs, and backing WebMCP so agents can use merchants’ existing storefronts.	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	YesAdopted the Agentic Commerce Protocol for Instant Checkout in ChatGPT, rolling out in 2026, so PayPal merchants can sell in ChatGPT without their own integration.	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	YesSign up online.	Not confirmedNot researched yet.
Published pricing	YesMerchant fees are published by country.	Not confirmedNot researched yet.
Public API and sandbox	YesPublic REST API and sandbox.	Not confirmedNot researched yet.
Coming soonAnnounced but not launched. These are plans, not products you can sign up for today: timing often slips, and some never ship.
Announced, not yet live	Awaiting approvalPayPal Bank in the USNo date given · Includes United States Details and sources →	Nothing announced
In short
Countries onboarded	91 of 170	4 of 170
Designed for	Selling to customers who already pay with PayPal, including cross-border buyers.	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	PayPal’s terms allow it to hold payments or set reserves, for example on new accounts or after a sudden rise in sales.	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 PayPal or Razorpay available in more countries?

Razorpay. Of the 170 countries we track, PayPal onboards businesses in 91 (and 2 more with limits) and Razorpay in 4 (and 161 more with limits). Both serve businesses in 93. Only Razorpay: Turkey, Nigeria, Ghana, Pakistan, Bangladesh, Bolivia, Guyana, Haiti, Paraguay, Suriname, Armenia, Azerbaijan and 60 more.

What do PayPal and Razorpay offer?

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

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

Embeddable UI: PayPal partly, Razorpay yes. Accounts that hold money: PayPal no, Razorpay not confirmed. Cards for your users: PayPal no, Razorpay not confirmed. Financing for your users: PayPal no, Razorpay partly. End users can be individuals: PayPal partly, Razorpay not confirmed. Consumer cards: PayPal no, Razorpay not confirmed. Accept stablecoins: PayPal partly, Razorpay not confirmed. Hold stablecoin balances: PayPal partly, Razorpay not confirmed. Issue your own stablecoin: PayPal no, Razorpay not confirmed. Checkout for AI agents: PayPal yes, Razorpay partly. Cards for AI agents: PayPal not confirmed, Razorpay partly.

Who is PayPal designed for?

Selling to customers who already pay with PayPal, including cross-border buyers. Limitations: PayPal’s terms allow it to hold payments or set reserves, for example on new accounts or after a sudden rise in sales.

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.