Midtrans vs Razorpay

Overview

Razorpay

Stacks67

Followers106

Votes3

Midtrans

Stacks13

Followers11

Votes0

Midtrans vs Razorpay: What are the differences?

Introduction: In the world of online payment gateways, two popular options are Midtrans and Razorpay. Both platforms offer a range of services to facilitate payments for businesses. Here, we highlight the key differences between Midtrans and Razorpay.

Transaction Fees: Midtrans charges a fixed transaction fee for different types of payment methods, while Razorpay offers a variable transaction fee based on the payment mode used, giving businesses the flexibility to choose the most cost-effective option.
Supported Countries: Midtrans primarily focuses on serving businesses in Indonesia, whereas Razorpay caters to a wider global audience, making it a more suitable choice for businesses operating in multiple countries.
Integration Options: Midtrans provides a wide range of integration options, including APIs, plugins, and SDKs for popular platforms, while Razorpay offers seamless integrations with major e-commerce platforms and custom solutions for businesses with specific requirements.
Customization and Branding: With Razorpay, businesses have more control over the checkout process, allowing for greater customization and branding opportunities compared to Midtrans, which may have more limited options in this aspect.
Settlement Period: Midtrans typically offers faster settlement periods for businesses, ensuring quicker access to funds compared to Razorpay, which may have slightly longer settlement times, impacting cash flow management for businesses.
Customer Support: Razorpay is known for its responsive customer support team that provides timely assistance to businesses, while Midtrans may have limitations in providing dedicated support, making Razorpay a preferable choice for businesses seeking reliable customer service.

In Summary, Midtrans and Razorpay differ in transaction fees, supported countries, integration options, customization, settlement period, and customer support, making each platform suited for businesses with unique needs and preferences.

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Detailed Comparison

Razorpay	Midtrans
Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.	It has helped thousands of businesses in Indonesia with a secure and convenient online payment system. It is compatible with various APIs and plug-ins for an easy integration process.
Accept Digital Payments; Instant Activation; Easy Integration; Dashboard Reporting; Manage your marketplace; automate bank transfers; collect recurring payments; share invoices with customers; avail working capital loans	Can be used on various platforms; Ease of reconciliation; There are 20 payment methods
Statistics
Stacks 67	Stacks 13
Followers 106	Followers 11
Votes 3	Votes 0
Pros & Cons
Pros 3 Upi payments support	No community feedback yet
Integrations
Apache Cordova PhoneGap Android SDK iOS Easy Digital Downloads Capacitor WooCommerce Magento Wix Golang	PHP Magento jQuery Shopify WooCommerce Joomla! OpenCart

What are some alternatives to Razorpay, Midtrans?

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

PayPal

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

Braintree

Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.

Recurly

Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.

Adyen

A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.

Payoneer

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

TransferWise

It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.

Amazon FPS

With Amazon Flexible Payments Service developers can accept payments on their website for selling goods or services, raise donations, execute recurring payments, and send payments. Amazon customers can pay using the same login credentials, shipping address and payment information they already have on file with Amazon. Amazon FPS supports the processing of payments using credit cards, bank accounts and Amazon Payments account balances to send or receive money.

Zuora

Zuora gives you the enterprise-class, cloud-based tools you need to launch and scale any subscription service, quickly and affordably. Design your pricing and packaging, start taking quotes and placing orders, automate your billing and payments, and keep tabs on your financials.

WePay

WePay helps people sell tickets to events, send invoices, sell items online, and accept donations online. WePay also provides an API that allows developers to access its payments platform.

Related Comparisons

Midtrans vs Razorpay: What are the differences?

Transaction Fees: Midtrans charges a fixed transaction fee for different types of payment methods, while Razorpay offers a variable transaction fee based on the payment mode used, giving businesses the flexibility to choose the most cost-effective option.
Supported Countries: Midtrans primarily focuses on serving businesses in Indonesia, whereas Razorpay caters to a wider global audience, making it a more suitable choice for businesses operating in multiple countries.
Integration Options: Midtrans provides a wide range of integration options, including APIs, plugins, and SDKs for popular platforms, while Razorpay offers seamless integrations with major e-commerce platforms and custom solutions for businesses with specific requirements.
Customization and Branding: With Razorpay, businesses have more control over the checkout process, allowing for greater customization and branding opportunities compared to Midtrans, which may have more limited options in this aspect.
Settlement Period: Midtrans typically offers faster settlement periods for businesses, ensuring quicker access to funds compared to Razorpay, which may have slightly longer settlement times, impacting cash flow management for businesses.
Customer Support: Razorpay is known for its responsive customer support team that provides timely assistance to businesses, while Midtrans may have limitations in providing dedicated support, making Razorpay a preferable choice for businesses seeking reliable customer service.

Midtrans vs Razorpay

Overview