Introducing Razorpay Partner Program

razorpay partner program

The payments landscape in India is at its most evolutionary path. Ranging from consumer behaviour to government and regulatory initiatives, the payments landscape is changing rapidly and how! 

As India embraces digital payments, the need of the hour is to not only for businesses to provide digital payment options to their consumers, but for more businesses to go digital as well. Digitization of payments is a win-win for everyone involved, after all.

Having already offered digital payment solutions to over 3,50,000 businesses in India, we believed it was time for us to build an affiliate program for partners to bring more businesses on board the digital payments ecosystem. 

Thus introducing – the Razorpay Partner Program.

What is Razorpay Partner Program?

Razorpay Partner Program is designed in such a way that the partners, who build solutions for businesses or consult with them, can use Razorpay’s payment stack to enable more businesses to accept payments online.

This reseller program truly widens the horizon for all kinds of businesses! What’s more – this affiliate program is not limited to business partners alone, even unregistered businesses and individuals can use it to earn commissions by referring businesses to Razorpay.

The pre-launch story

We’ve grown and learned a lot since the inception of our partner program in late 2017 and we are happy to add more benefits for helping businesses connect to the world of digital payments. 

Over 800 partners like MSwipe, Limetray and UrbanPiper work with Razorpay to let businesses and individuals accept payments through direct integrations with their products. Other companies like Zoho, Juspay, and Intuit facilitate payments on their platforms for their connected businesses through our API infrastructure.

API and payment suites

Razorpay APIs, technical and operational infrastructure help partners bring businesses online and enable new types of businesses to go digital. We help handle everything related to payments by complying with RBI guidelines, providing 24×7 payments and integration support, and meeting product requirements of 30+ industries and 350K+ businesses.

Moreover, registering for Razorpay’s Partner Program is free and takes less than 30 seconds! If anything, we are currently paying out the highest commissions in the market, which ensures the partners are incentivized to connect more and more businesses to Razorpay. 

Start referring and earning

Razorpay’s partners get commissions for the transactions made by their merchants. A point to be noted for partners involved in referring and managing merchant payment stack – the transactions have to be initiated by the partner for the partner to get a commission. The partners will need to send invoices to Razorpay on the 1st of every month to get their commission.

Since its inception, Razorpay has paid out over Rs 1 crore in partner commissions to over 100+ partners. As we look to scale up our partner ecosystem, we also provide additional incentives so that Razorpay and its partners are incentivized to share a common vision – bringing more businesses online! 

Partnering with Razorpay helps you offer your customers a complete suite of payment solutions and get rewarded for it in the form of commissions.

What our partners say

We’re delighted to see the payment experiences that our partners have built and we have designed our program to enable them to build and launch faster, reach more customers, and operate at scale.

Here’s what Anirban Majumdar, Co-founder of UrbanPiper, has to say, “Our experience with Razorpay has been remarkable so far. We partnered with Razorpay when they were onboarding their first clients. They have been highly reciprocative to our feedback and have maintained a good relationship with us through the years.”

Preferential training and support

Partners get access to documentation around seamless integration with Razorpay’s product suite. Moreover, we assign designated POCs to help partners add merchants, integrate the payments infrastructure for them, and earn commissions as well.

And we are just getting started. Our aim is to build more products and resources for our partners in the future. 

Not yet signed up as a partner? Sign up here

Explore more about Razorpay Partner Program or get in touch with us here.

From 2,880 Minutes to 60 Minutes – Never Fall Short of Money with Razorpay Early Settlements

razorpay early settlements

What does a business need the most to scale and grow from one stage to the next? Customers? Of course! Employees? Sure. Continuous development of their offerings? The answers can be many. But one of the most important requirements is working capital. 

Working capital is required for numerous reasons. And it is important because easy access to money for a business’s day-to-day activities can help improve business convenience greatly. This is the primary reason behind the launch of our new feature – Early Settlements.

The long process of processing settlements is a burning problem in the fintech industry. With banks settling to Razorpay 24-48 hours after the transaction is made, it gets challenging (and risky!) to settle the money before hand. However, asking people to wait for a week for an amount processed in 5 seconds is not just unfair but a poignant question on the technical advancements being made in the fintech ecosystem.

Out came Razorpay Early Settlements!

What is Razorpay Early Settlements?

With Early Settlements, you get access to your funds on the same day instead of your traditional or default settlement cycle. Razorpay Early Settlements helps you reduce your settlement period from T+3 (or T+2) days to within a few hours (from the time of transaction), thus enabling your business to avoid cash-flow challenges and prepare better for working capital requirements. 

razorpay early settlements

A ready inflow of cash that will help you amplify your business, and meet day-to-day cash requirements without any hassles. 

What are the benefits of Early Settlements for your business?

  • Easy and early access to your money
  • Reduction in daily cash crunch and increased cash flows
  • Better management of inventory and stock
  • Payments to creditors and vendors without any delays

Can the settlements be done at any time of the day on any of the days?

Yes, they can. Early settlements can be rolled out on any of the business days. We are also working towards enabling 24×7 instant settlements (even on bank holidays) through IMPS payouts. 

Razorpay levies a small fee that is deducted from the merchant’s settlement balance. This fee is primarily charged because Razorpay has to bear the subsequent cost of processing the early settlements by taking a loan from loan providers. This deduction takes place only if you decide to process the settlements instantly or on the same day.

Who is Early Settlements for?

It is technically for every business onboarded on Razorpay. Primarily in the last 6 months, we have seen 30% of e-commerce businesses that have gone live with Razorpay availing the Early Settlement functionalities to power their daily vendor payouts. This is followed by 17% of financial services businesses and 15% of IT services companies. For IT services, a majority of the users are freelance designers or web developers who want quick access to capital for the work they have done. 

We carry out risk checks (around refund rates, chargebacks, etc) before offering this feature to any business. To sum up, though we have seen a high traction among the industries mentioned above, businesses from almost every industry has availed Early Settlement and it has seen a high repeat rate. 

How to enable Early Settlements?

Just drop a mail to capital.support@razorpay.com or raise a support ticket at https://razorpay.com/support/ and we will get in touch with you at a time comparable to the time required to make a payment with Razorpay. 

To explore more about Early Settlements, click here.

Also read: How Automated Payouts are Helping SMEs

Ready to Start Accepting Payments Online?


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