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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

#61
Hi – this is a wonderful start towards solving a problem which seemed to have been relegated to the distant future. I was wondering, do you folks support the 'aggregator' model - where a startup can simply serve as the facilitator of the payment without actually holding the money?

Wrote a mail to you as well to understand better how I can integrate your solution.

All the very best!

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

#62

Congratz on the launch. I have some questions 1. If a startup is not incorporated, can we still use Razorpay ? I guess instamojo allows it 2. If I have a static site, can I still use Razorpay for payments ? 3. What is the turnaround time for depositing the money into sellers bank account ? What is the frequency ? 4. Do you provide some webhooks functionality ?

I'll leave the rest for harshil and shk to answer.

2. Currently, we follow an auth+capture model. Our authorization is completely client-side, which means it can be performed in a browser. However, to make sure that others cannot use the same code as yours to authorize payments, captures require you to have a backend of some sort.

4. Currently no, but we plan to do this in the future.

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

#63

Congratz on the launch. I have some questions 1. If a startup is not incorporated, can we still use Razorpay ? I guess instamojo allows it 2. If I have a static site, can I still use Razorpay for payments ? 3. What is the turnaround time for depositing the money into sellers bank account ? What is the frequency ? 4. Do you provide some webhooks functionality ?

1. Not at this time. We will be launching support for that soon. 2. Yes, you can but then you will have to manually capture the payments from dashboard. 3. The money is transferred on T+2 day where T is day of transaction. 4. Not a this time. We definitely want to support that very soon.

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

#64

Congratz on the launch. I have some questions 1. If a startup is not incorporated, can we still use Razorpay ? I guess instamojo allows it 2. If I have a static site, can I still use Razorpay for payments ? 3. What is the turnaround time for depositing the money into sellers bank account ? What is the frequency ? 4. Do you provide some webhooks functionality ?

1. Not at this time. We will be launching support for that soon. 2. Yes, you can but then you will have to manually capture the payments from dashboard. 3. The money is transferred on T+2 day where T is day of transaction. 4. Not a this time. We definitely want to support that very soon.

Thanks for the answers.

Reg (2) Is it like https://stripe.com/checkout ? What you meant by capture the payments from dashboard ? Do you mean I have to pull the payment details from dashboard api ?

One last question : How extensively net banking is supported ?

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

#65

Earlier quoted context omitted.

1. Not at this time. We will be launching support for that soon. 2. Yes, you can but then you will have to manually capture the payments from dashboard. 3. The money is transferred on T+2 day where T is day of transaction. 4. Not a this time. We definitely want to support that very soon.

Thanks for the answers. Reg (2) Is it like https://stripe.com/checkout ? What you meant by capture the payments from dashboard ? Do you mean I have to pull the payment details from dashboard api ? One last question : How extensively net banking is supported ?

Yes, its similar.

No, you just need to login on the Razorpay dashboard and click on capture on the payments you want to transfer to your account.

We support 35+ banks in netbanking right now.

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

#66

Earlier quoted context omitted.

Thanks for the answers. Reg (2) Is it like https://stripe.com/checkout ? What you meant by capture the payments from dashboard ? Do you mean I have to pull the payment details from dashboard api ? One last question : How extensively net banking is supported ?

Yes, its similar. No, you just need to login on the Razorpay dashboard and click on capture on the payments you want to transfer to your account. We support 35+ banks in netbanking right now.

Thanks.

Some of q & a here can be part of FAQ section in the site.

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

#67
A lot like Instamojo, but Razorpay looks more refined product. Signed up and used the API a bit. Using it was a breeze. Also the documentation is like Stripe which helps a lot.

Congrats on the launch! I am hopeful that recurring transaction problem will also be tackled later on.

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

#68

Hi – this is a wonderful start towards solving a problem which seemed to have been relegated to the distant future. I was wondering, do you folks support the 'aggregator' model - where a startup can simply serve as the facilitator of the payment without actually holding the money? Wrote a mail to you as well to understand better how I can integrate your solution. All the very best!

Hi, We do not support that model at this point because of additional regulatory hurdles. We do have it in our roadmap though.

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

#69

Earlier quoted context omitted.

Yes, its similar. No, you just need to login on the Razorpay dashboard and click on capture on the payments you want to transfer to your account. We support 35+ banks in netbanking right now.

Thanks. Some of q & a here can be part of FAQ section in the site.

Sure. We will update it going forward.

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

#70
post #67

A lot like Instamojo, but Razorpay looks more refined product. Signed up and used the API a bit. Using it was a breeze. Also the documentation is like Stripe which helps a lot. Congrats on the launch! I am hopeful that recurring transaction problem will also be tackled later on.

Thanks for the kind words! And, yes, we are definitely working on the feature.
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