Congrats on launching! How will you differentiate yourselves from Stripe when they launch in India?
Razorpay (YC W15) offers Stripe-style payment experience in India
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Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#42Where can I try your payment experience? The TC article says you're live on Shifter, NanoWE & Zostel. But, Shifter doesn't seem to have an online payment option, Zostel redirects me to PayU and cannot find anything to buy on NanoWE.
Hi, Zostel has recently signed up and have not migrated fully to us. You can signup on dashboard.razorpay.com and test the payment experience on it. Also, you can chat with us after signup and we can give you list of more merchants where you can use our gateway. Thanks!
Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#43Congrats on launching! How will you differentiate yourselves from Stripe when they launch in India?
We will always have the local player advantage over Stripe. Payments is closely related to the infrastructure of the country and hence, just copy paste of US model won't work. Plus, clearing regulatory hurdles and modifying their platform for supporting local instruments of India will take 1-2 years, so we will have that headstart too.
Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#44Co-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…
I know you guys have used Stripe like experience to describe razorpay. We used to use Payzippy which was similar though had a few glaring differences.
I had a couple of questions as we need something like this.
Could you outline the differences due to the legal framework? Do you allow tokens/can customers save cards?, what about 3Dsecure? Can we use POST like api calls or do we use a very customisable iframe? Can you guys do pre-authorisations (such as when capture is false on the stripe api when you create a charge)?
Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#45Congrats on launching! . I have also been interested in launching a Payments startup (but mostly mobile based). If possible, Can you point me to the regulation requirements for a payment gateway in India ?
Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#46Co-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…
I know you guys have used Stripe like experience to describe razorpay. We used to use Payzippy which was similar though had a few glaring differences. I had a couple of questions as we need something like this. Could you outline the differences due to the legal framework? Do you allow tokens/can customers save cards?, what about 3Dsecure? Can we use POST like api calls or do we use a very customisable iframe? Can you…
Payzippy was better but still was cumbersome to integrate, we have a much easier experience, you can checkout https://docs.razorpay.com for more info.
- We do not support card tokenisation right now, it is in roadmap.
- We do support 3D secure but handle it compeltely on our end, the merchant need not worry about handling it.
- Right now, we provide iframe integration, but we will support POST calls very soon. Frankly, not many customers have asked for it.
- We support Authorization and Capture Based payment but yeah pre-auths like those in US are not supported because of regulatory hurdles.
Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#47Earlier quoted context omitted.
First up, congrats to you and Kumar. It takes a tremendous effort to tackle something like this in India. 0. How does your product compare against juspay.in and payzippy (which I believe has been discontinued)? 1. How much development do you plan to do open source? 2. Who have been your mentors? Merci.
0 - Payzippy was discontinued. And even so, their offerings were not much different from other gateways in the country. Juspay offers their integration on top of other gateways. Thus, it solves only part of the problem, since you still have to deal with tough onboarding process. 1 - We are very grateful of the open-source community and do plan to give back to it in whatever ways we can. Follow our github organisation…
would like to hear about your YC experience - especially as an India-focused-and-returning-to-India-after-YC startup.
This has been fairly new on YC's side and would like to hear from you what your view is.
Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#48Congrats on launching! . I have also been interested in launching a Payments startup (but mostly mobile based). If possible, Can you point me to the regulation requirements for a payment gateway in India ?
Thanks. The most important regulation is the "Payments and Settlement Act" of RBI. Sorry, I can't link to their website, they do not allow it but just google it.
Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#49Co-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…
Great work, and thanks for coming forward to answer the questions. If I were to build a funnel for payments (banks/insurance/corporates at one end and small merchants/SOHO stores/utility services at the other) how easy or difficult is it to use razorpay's services (considering a team of two with decent full-stack programming experience)? What sort of legalities would I be bound with Razorpay along with the vendors/entities at the receiving/sending endpoints?
If this isn't a right forum for this question, can I drop a mail to discuss further?
Thanks again!
Re: Razorpay (YC W15) offers Stripe-style payment experience in India
#50Co-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…
Great work, and thanks for coming forward to answer the questions. If I were to build a funnel for payments (banks/insurance/corporates at one end and small merchants/SOHO stores/utility services at the other) how easy or difficult is it to use razorpay's services (considering a team of two with decent full-stack programming experience)? What sort of legalities would I be bound with Razorpay along with the vendors/en…
Hi, what you need is a marketplace. While, we do support that, it takes time to get approvals for it. Please drop us a mail at contact@razorpay.com and we can discuss this further on how to speed it up for your use case.