Is Stripe cheaper than Razorpay in India?

Rates are identical — both charge 2.0% for domestic cards. Choose Stripe for global reach; choose Razorpay for deeper India-specific features.

Does Stripe support UPI in India?

Yes. Stripe supports UPI. Under the Government of India zero-MDR mandate, UPI payments are free — making it the most cost-effective payment method.

Stripe Fees in India 2026 — UPI, Razorpay vs Stripe & RBI Guide

India Quick Reference

💳 Domestic card fee: 2.0% (no fixed fee)
🌍 International card fee: 3.0% (no fixed fee)
📱 UPI payments: 0% (zero-MDR mandate)
🏦 Netbanking: 2.0% standard rate
💰 Monthly fee: ₹0

Stripe's India Rates — Why They're Different

India has unique payment economics. Unlike the USA (2.9% + $0.30 flat), Stripe India charges a simple 2.0% flat with no fixed fee. This makes Stripe India proportionally cheaper for small transactions but slightly more expensive for very large ones compared to the USA rate.

      ₹1,000 charge → Fee = ₹1,000 × 2.0% = ₹20 → Net = ₹980

      ₹10,000 charge → Fee = ₹10,000 × 2.0% = ₹200 → Net = ₹9,800

      International card: ₹1,000 × 3.0% = ₹30 → Net = ₹970

UPI — The Free Payment Method

India's Unified Payments Interface (UPI) is a game-changer. Under the Government of India's zero-MDR mandate, UPI payments for person-to-merchant transactions are completely free. Stripe supports UPI in India — enabling businesses to accept payments with zero processing cost.

⚠️ UPI zero-MDR applies to P2M transactions under the government scheme. Always check Stripe's latest India documentation for current UPI fee status, as policy can change.

For Indian businesses, enabling UPI alongside cards is essential. UPI has over 400 million users in India and drives the majority of digital transactions — especially for consumer-facing businesses.

Stripe India vs Razorpay — Which Is Cheaper?

Feature	Stripe India	Razorpay
Domestic card rate	2.0%	2.0%
International cards	3.0%	3.0%
UPI	0% (zero-MDR)	0% (zero-MDR)
Netbanking	2.0%	~2.0%
GST invoicing	Limited	✅ Built-in
International reach	✅ 45+ countries	India-focused
Developer API	✅ Best in class	Good
RBI compliance	✅ Full	✅ Full
Payout to INR	✅ Yes	✅ Yes
International payout	✅ FIRA compliant	Limited

Verdict: Rates are identical. Choose Stripe if you need global payments or plan to expand internationally. Choose Razorpay if you need deeper India-specific features like GST invoicing, NACH mandates, or local payment method support beyond what Stripe offers.

RBI Compliance — What Indian Businesses Need to Know

FIRA (Foreign Inward Remittance Advice): Required for international payments received. Stripe provides FIRA documentation for RBI compliance.
Export invoicing: Indian businesses receiving foreign currency must invoice in foreign currency and comply with FEMA regulations.
TDS (Tax Deducted at Source): Stripe deducts TDS on payments where applicable. Always consult a CA for your specific situation.
2FA requirement: RBI mandates additional factor authentication for online card transactions in India. Stripe handles this automatically via 3D Secure.

Stripe India Fee Examples

Amount	Domestic Fee (2%)	You Receive	International Fee (3%)	You Receive
₹500	₹10	₹490	₹15	₹485
₹1,000	₹20	₹980	₹30	₹970
₹5,000	₹100	₹4,900	₹150	₹4,850
₹10,000	₹200	₹9,800	₹300	₹9,700
₹50,000	₹1,000	₹49,000	₹1,500	₹48,500

💡 Calculate your India Stripe fee

Use our India-specific Stripe fee calculator to see exact fees for any amount in INR.

Open India Calculator →

FAQ

Frequently Asked Questions

Stripe charges 2.0% per domestic card transaction in India with no fixed fee. International cards cost 3.0%. UPI payments are currently zero-MDR (free) under the government mandate.

Yes. Stripe launched in India in 2020 and is fully available to Indian businesses. It supports INR payouts, UPI, Netbanking, cards, and RBI compliance features including FIRA documentation.

Rates are identical — both charge 2.0% for domestic cards. The choice depends on features: Stripe excels at global reach and API quality; Razorpay has deeper India-specific features like GST invoicing.

Yes. Stripe supports multi-currency billing. Indian businesses can invoice international clients in USD, GBP, EUR, or other currencies, with settlement subject to RBI FEMA regulations.

Yes. Stripe supports UPI in India. Under the Government of India's zero-MDR mandate for person-to-merchant transactions, UPI payments are free. This makes UPI the most cost-effective payment method for Indian businesses.

Stripe Fees in India — Complete Guide 2026