RazorpayX Payouts
What RazorpayX Payouts is
RazorpayX Payouts lets businesses disburse payments to customers, vendors, partners, and employees through an API or dashboard. It supports UPI, IMPS, NEFT, and RTGS transfers for accounts issued by Indian banks. Businesses can upload hundreds of payouts at once, schedule them from the dashboard or API, and configure approval workflows with permission controls. When a payout exceeds the available balance, it is queued until funds are added. The dashboard also provides a financial CRM for searching, viewing, and acting on transactions, alongside real-time transaction data and spending insights. RazorpayX says users can send refunds, bill payments, and reimbursements directly to credit cards from within an app. The product page names e-commerce, online gaming, and financial services among its use cases. Fees vary by transfer type and amount: ₹ 4 per transaction for IMPS/UPI transfers below ₹1000, ₹ 5 for NEFT/RTGS transfers, ₹ 6 for IMPS/UPI transfers between ₹1000 - ₹25,000, and ₹ 9 for IMPS/UPI transfers above ₹25,000; GST may apply to the fee. RazorpayX describes 24X7 support and security measures including encryption, regulatory compliance, continuous monitoring, and fraud detection and mitigation frameworks. Razorpay states that RazorpayX is not a bank and does not hold a banking license.
Who it suits
RazorpayX Payouts suits businesses sending money to customers, vendors, partners, or employees, particularly in e-commerce, online gaming, and financial services. It can also suit teams that need bulk payout uploads, scheduled transfers, approval workflows, or a transaction dashboard.
What it does well
- Send payouts through an API or dashboard.
- Upload hundreds of payouts at once.
- Schedule payouts and configure approval workflows.
- Queued payouts wait for funds when balances are insufficient.
- Dashboard includes real-time transaction data and spending insights.
What to know first
- No free plan is available.
- Transfer methods are specified for accounts issued by Indian banks.
- RazorpayX is not a bank and has no banking license.
Limits
There is no free plan. Transaction fees range from ₹ 4 to ₹ 9 according to the listed transfer type and amount, and GST may apply to the fee.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| IMPS/UPI under ₹1,000 | per transaction · IMPS/UPI transfers below ₹1,000 · GST applicable | ₹4, paid once |
| IMPS/UPI transfers below ₹1000 | ₹ 4 per transaction · IMPS/UPI transfers below ₹1000 · GST as applicable on fee | ₹4, paid once |
| NEFT/RTGS | per transaction · All NEFT/RTGS transfers · GST applicable | ₹5, paid once |
| NEFT/RTGS transfers | ₹ 5 per transaction · All NEFT/RTGS transfers · GST as applicable on fee | ₹5, paid once |
| IMPS/UPI transfers between ₹1000 - ₹25,000 | ₹ 6 per transaction · IMPS/UPI transfers between ₹1000 - ₹25,000 · GST as applicable on fee | ₹6, paid once |
| IMPS/UPI ₹1,000–₹25,000 | per transaction · IMPS/UPI transfers between ₹1,000 and ₹25,000 · GST applicable | ₹6, paid once |
| IMPS/UPI transfers above ₹25,000 | ₹ 9 per transaction · IMPS/UPI transfers above ₹25,000 · GST as applicable on fee | ₹9, paid once |
| IMPS/UPI above ₹25,000 | per transaction · IMPS/UPI transfers above ₹25,000 · GST applicable | ₹9, paid once |
As razorpay.com lists them, read 15 Oct 2026. The maker's own page has the final word.
Getting started
- Visit the RazorpayX Payouts website.
- Choose the API or dashboard route for sending payouts.
- Select the transfer method and review its per-transaction fee.
- Configure payout scheduling or approval workflows if needed.
Verdict
Choose RazorpayX Payouts if you need to send, schedule, or manage business payouts through an API or dashboard, with bulk uploads and configurable approvals. Look elsewhere if you need a banking provider rather than payout software, or require methods beyond those listed for Indian bank accounts.
Questions
Does RazorpayX Payouts have a free plan?
No. It is listed as paid with no free plan.
What are the transaction fees?
IMPS/UPI below ₹1000 costs ₹ 4 per transaction; NEFT/RTGS costs ₹ 5; IMPS/UPI between ₹1000 - ₹25,000 costs ₹ 6; and IMPS/UPI above ₹25,000 costs ₹ 9. GST may apply to the fee.
Which transfer methods are available?
UPI, IMPS, NEFT, and RTGS are available for accounts issued by Indian banks.
Can I schedule or send bulk payouts?
Yes. Businesses can upload hundreds of payouts at once and schedule them through the dashboard or API.
Is RazorpayX a bank?
No. Razorpay states that RazorpayX does not hold a banking license and is not a bank.
What happens when a payout exceeds the available balance?
It is queued until funds are added.
Facts from RazorpayX Payouts's own pages
- Accounting integrations
- RazorpayX connects with Tally and Zoho Books, synchronizing vendor payments and bank statements; the page also mentions QuickBooks elsewhere. · razorpay.com, 15 Oct 2026
- Analytics
- The dashboard provides real-time transaction data and insights on spending. · razorpay.com, 4 Oct 2026
- Android listing
- Google Play lists the RazorpayX app with at least 100,000 downloads and says data is encrypted in transit, with personal information and photos/videos among possible collected data. · play.google.com, 15 Oct 2026
- API documentation
- Public documentation covers contacts, fund accounts, payout creation, payout modes, test mode and payout status operations. · github.com, 15 Oct 2026
- Approval controls
- The dashboard supports configurable approval workflows with advanced permission control. · razorpay.com, 4 Oct 2026
- Approval workflow
- Dashboard workflows provide permission controls and payout approval processes. · razorpay.com, 15 Oct 2026
- Authentication
- The .NET SDK uses a dashboard key ID and key secret to authenticate API clients. · github.com, 15 Oct 2026
- Banking-provider limitation
- Razorpay states that RazorpayX itself is not a bank; current accounts and cards are provided by RBI-licensed partner banks. · razorpay.com, 15 Oct 2026
- Banking status
- Razorpay states that RazorpayX itself is not a bank and does not hold a banking license. · razorpay.com, 4 Oct 2026
- Bulk payouts
- Users can upload hundreds of payouts in one batch for processing. · razorpay.com, 15 Oct 2026
- Card payouts
- The service supports payouts directly to credit cards for refunds, bill payments and reimbursements. · razorpay.com, 15 Oct 2026
- Company
- Razorpay's About page says it was founded by IIT Roorkee alumni and lists its headquarters in Bangalore. · razorpay.com, 4 Oct 2026
- Company founding and headquarters
- Razorpay was started in 2014 by IIT Roorkee alumni Harshil Mathur and Shashank Kumar and lists Bangalore, Karnataka as headquarters. · linkedin.com, 15 Oct 2026
- Company size
- LinkedIn places Razorpay in the 1,001–5,000 employee range and displays more than 4,000 employees. · linkedin.com, 15 Oct 2026
- Financial CRM
- A financial CRM view lets teams search, inspect and act on transactions. · razorpay.com, 15 Oct 2026
- Founded
- 2014 · razorpay.com, 28 Sept 2026
- Funding news
- Razorpay announced a $375 million Series F on December 20, 2021, taking total investment to about $740 million and valuation to $7.5 billion. · razorpay.com, 15 Oct 2026
- Headquarters
- Bangalore, Karnataka, India · razorpay.com, 28 Sept 2026
- Intended users
- The product page names e-commerce, online gaming, and financial services among its use cases, and describes payouts to customers, vendors, partners, and employees. · razorpay.com, 4 Oct 2026
- iOS requirements
- The iPhone app requires iOS 12 or later; Mac use requires macOS 11 or later with an Apple M1 chip or newer. · apps.apple.com, 15 Oct 2026
- Licence and hosting
- RazorpayX is presented as a hosted dashboard/API service, and its product documentation does not provide an open-source licence or self-hosting package. · razorpay.com, 15 Oct 2026
- Limit: customer support
- Trustpilot reviews repeatedly complain about slow or ineffective support, unresolved tickets and generic responses. · trustpilot.com, 15 Oct 2026
- Limit: issue visibility
- A Capterra reviewer says key diagnostic information is not visible in the interface, while customer service scores 3.1/5. · capterra.com, 15 Oct 2026
- Limit: mobile login
- App Store reviewers report that credentials working in the browser sometimes fail in the mobile app and that support responses can take hours. · apps.apple.com, 15 Oct 2026
Where RazorpayX Payouts stands on Freedom251
- Payout Software#15 of 29