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