Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Razorpay (YC W15) offers Stripe-style payment experience in India

techcrunch.com

Post reply on HN
Print view View original

21–30 of 100 posts

Re: Razorpay (YC W15) offers Stripe-style payment experience in India

#21

Post by t3ra »

shk wrote: post #18
harshilmathur wrote: post #4

Earlier quoted context omitted.

You can just signup in 2 minutes and start using it in test mode. Meanwhile, you can fill the activation form with basic KYC stuff to go live. The activation form should take you about 15 minutes to fill with everything on hand. Right we only support charging in INR but we do support international transactions. Support for other currencies will be coming shortly.

@t3ra I don't see a reply button below your answer. By bank side "security-check" do you mean 3dsecure? If so, then we handle it and the website doesn't need to do custom modification because of it.

(You have to wait for sometime before reply appears -- i guess)

During the initial onboarding process and filling paper work, we were told the site will do through a specific "bank-side security check" in which the bank officials will check the site for security issues.

Also we were forced to add links to ToS, privacy policy, etc on the first page of the website or else they wont give us the damn PG (even after the pages were visibly linked on the "shop" part of the site)

Re: Razorpay (YC W15) offers Stripe-style payment experience in India

#22

Post by shk »

jobhunter123 wrote: post #19
harshilmathur wrote: post #2

Co-founder Harshil here. We built this when we saw how the payments experience was a mess in India compared to the western world. The payments in India are much more complex than USA and Europe because of the strict regulation, multiple payment methods and unreliable bank gateways among other things. Consequently, the on-boarding experience sucks and failure rates are in double digits. We aim to tackle these issues a…

This sounds like a really awesome startup. I'd love to know if you are ever looking to hire a software engineer (~2 years experience). I work on an Indian e-commerce site, so just from contact with my friends on our payments team I know how complicated payments are in India.

Sure, just drop an email: shashank@razorpay.com

Re: Razorpay (YC W15) offers Stripe-style payment experience in India

#24

Post by shk »

shahocean wrote: post #20

Hey Harshil, Congrats man! Nice to see startup coming from Jaipur. As a marketer, one question comes to mind, How do you think you will get the user base?

Till now, we have mostly tapped our friends, Jaipur and IIT network. We have already got good traction without any PR. We are mostly targeting startups, ecommerce and other early stage ventures at the moment and evolve our marketing model from there.

Re: Razorpay (YC W15) offers Stripe-style payment experience in India

#25

Post by pitchups »

harshilmathur wrote: post #4
GVRV wrote: post #3

Earlier quoted context omitted.

Hey Harshil, This looks good! What details do I need for activation? Can you charge customers in other currencies?

You can just signup in 2 minutes and start using it in test mode. Meanwhile, you can fill the activation form with basic KYC stuff to go live. The activation form should take you about 15 minutes to fill with everything on hand. Right we only support charging in INR but we do support international transactions. Support for other currencies will be coming shortly.

This looks great! We recently setup an e-commerce site in India that is using the ICICI payment gateway and it took us over 2 weeks for all the paperwork, setup and integration. Plus the initial setup cost was substantially more than 5K. Just to confirm - are you saying that you have reduced that entire process down to just 15 minutes? If so, that is just an incredible feat and kudos to you and your team. Just a few questions -

- How are you validating the customer's business information and bank details?

- How do your transaction fees compare to ICICI and the others?

- Do you have modules/plugins for integration with any of the popular e-commerce platforms? ( We are using Nopcommerce)

Re: Razorpay (YC W15) offers Stripe-style payment experience in India

#26

Post by shk »

t3ra wrote: post #23
shahocean wrote: post #20

Hey Harshil, Congrats man! Nice to see startup coming from Jaipur. As a marketer, one question comes to mind, How do you think you will get the user base?

0 - Have a well timed HN post + TC article for starters :P

That too :)

Re: Razorpay (YC W15) offers Stripe-style payment experience in India

#27

Post by shahocean »

shk wrote: post #24
shahocean wrote: post #20

Hey Harshil, Congrats man! Nice to see startup coming from Jaipur. As a marketer, one question comes to mind, How do you think you will get the user base?

Till now, we have mostly tapped our friends, Jaipur and IIT network. We have already got good traction without any PR. We are mostly targeting startups, ecommerce and other early stage ventures at the moment and evolve our marketing model from there.

Just added you on Producthunt!

Re: Razorpay (YC W15) offers Stripe-style payment experience in India

#28

Post by harshilmathur »

t3ra wrote: post #21
shk wrote: post #18

Earlier quoted context omitted.

@t3ra I don't see a reply button below your answer. By bank side "security-check" do you mean 3dsecure? If so, then we handle it and the website doesn't need to do custom modification because of it.

(You have to wait for sometime before reply appears -- i guess) During the initial onboarding process and filling paper work, we were told the site will do through a specific "bank-side security check" in which the bank officials will check the site for security issues. Also we were forced to add links to ToS, privacy policy, etc on the first page of the website or else they wont give us the damn PG (even after the p…

Hi, Yeah those links are mandatory by Indian banks but we do provide templates for them that you can modify for your use case. And as long the links are on your site, we will handle the rest (visibility etc.)

Re: Razorpay (YC W15) offers Stripe-style payment experience in India

#29

Post by harshilmathur »

pitchups wrote: post #25
harshilmathur wrote: post #4

Earlier quoted context omitted.

You can just signup in 2 minutes and start using it in test mode. Meanwhile, you can fill the activation form with basic KYC stuff to go live. The activation form should take you about 15 minutes to fill with everything on hand. Right we only support charging in INR but we do support international transactions. Support for other currencies will be coming shortly.

This looks great! We recently setup an e-commerce site in India that is using the ICICI payment gateway and it took us over 2 weeks for all the paperwork, setup and integration. Plus the initial setup cost was substantially more than 5K. Just to confirm - are you saying that you have reduced that entire process down to just 15 minutes? If so, that is just an incredible feat and kudos to you and your team. Just a few…

Hey, thanks for the kind words. The activation form will require 15 minutes to fill up and we can take you live in a day or two after that. - We are using PAN and CIN api from govt. of India to verify a lot of details. We ask for the scans of few proof documents (much less than others). - Our transaction fees are on our website http://razorpay.com - We do provide integration plugins for almost all eCommerce platforms including nopcommerce
Post reply on HN