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

Post by t3ra » Mon, Mar 23, 2015, 3:55 AM UTC

harshilmathur wrote: post #28

t3ra wrote: post #21

Earlier quoted context omitted.

(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.)

Post by anix » Mon, Mar 23, 2015, 4:22 AM UTC

Post by eklavya » Mon, Mar 23, 2015, 4:41 AM UTC

Post by eklavya » Mon, Mar 23, 2015, 4:51 AM UTC

harshilmathur wrote: post #36

eklavya wrote: post #35

Hey guys, best of luck in your efforts. I have a question, while it makes sense to have payments in the range of 100s I see 2.5% adding up to uncomfortable amounts easily in the range of 1000s and beyond that it's a mini heart attack :P Do you plan to have a max cap on your charges?

Hi, unfortunately Visa, Mastercard and other card networks charge in percentage terms without a cap and there is nothing anyone can do about it. We do offer better pricing at volume. Also, think of it as a cost of doing business like service tax which is also always in percentage. Even huge players amazon, flipkart have to pay it in percentage terms only inspite of their enormous volumes.

Post by harshilmathur » Mon, Mar 23, 2015, 4:57 AM UTC

eklavya wrote: post #37

harshilmathur wrote: post #36

Earlier quoted context omitted.

Hi, unfortunately Visa, Mastercard and other card networks charge in percentage terms without a cap and there is nothing anyone can do about it. We do offer better pricing at volume. Also, think of it as a cost of doing business like service tax which is also always in percentage. Even huge players amazon, flipkart have to pay it in percentage terms only inspite of their enormous volumes.

Oh, thanks. Didn't know that. I wonder if it's so just because these big companies control almost all the cash flow or there are costs which increase linearly with the paid amount.