S StackPicker India-first

Cashfree Payments

Payments and payouts platform with competitive MDR for Indian businesses

Founded 2015 HQ Bengaluru India

Best for

  • High-volume merchants negotiating MDR below Razorpay
  • Businesses needing payouts at scale (gig platforms, lending)
  • Marketplaces using Easy Split
  • Lending/NBFC and fintech use cases

Not ideal for

  • Teams wanting a single neobank-like dashboard (RazorpayX is fuller)
  • Founders prioritizing the smoothest D2C checkout UX
  • Merchants without dev resources for richer integrations

Key features

  • UPI, cards, net banking, wallets, EMI, BNPL
  • Payouts (bank transfer, UPI, card, wallet)
  • Payment links and forms
  • Subscriptions with eMandate and UPI Autopay
  • Easy Split for marketplaces
  • Instant settlements
  • International payments via USD/multi-currency
  • Auto Collect virtual accounts
  • Token vault for card-on-file

Cashfree Payments — Pros

  • +Cheaper MDR than most competitors at scale
  • +Strong payouts product
  • +Reliable UPI success rates
  • +Faster onboarding for many business types
  • +Good API documentation

Cashfree Payments — Cons

  • Dashboard UX less polished than Razorpay
  • Smaller plugin ecosystem for niche platforms
  • Customer support inconsistent on starter tiers
  • International payments capability narrower than Stripe

Integrations

ShopifyWooCommerceMagentoWixTallyZohoZapierSalesforce

Indian context

  • GST: GST charged on fees; downloadable GST invoices
  • INR billing: Yes
  • UPI support: Yes
  • IST support: Mon-Sat 10am-7pm IST