Ecommerce
Explore Razorpay's recommended products for the ecommerce industry, enabling easy access and management of payments, refunds, transfers, subscriptions, and more.
Manage all your payments and financial operations from a consolidated Dashboard. Create an online store, track payments, and issue refunds within minutes. Make better business decisions with real-time reporting. Following are the use cases and recommended products.
Experience the future of payments with the easiest integration, online onboarding and feature-filled checkout. Avail of the lowest industry charges. Following are the recommended products:
- One-Click Retry on Razorpay Checkout.
- Integrate with a wide coverage of SDKs and plugins for all popular marketplaces such as Shopify, WooCommerce, Magento and more.
- Enjoy high success rates on UPI and Card payments.
- 100+ Methods Available: UPI, Cards (debit and credit), EMI, Netbanking, International Payments, Wallet, Pay Later and more.
Businesses must make various tax payments to the central and state governments to ensure tax compliance. With RazorpayX Tax Payments, taxes such as the GST or Advance Tax can be automated. Following is the recommended product:
- Upload invoices to RazorpayX to auto-calculate the TDS components according to the TDS rate selected by the vendor.
- The TDS amount is automatically deducted from your account balance and deposited with the government monthly. You can then download the challan and file the TDS.
Despite high traffic, ecommerce businesses have to deal with high cart abandonment rates and lower payment conversions. Razorpay offers a combination of solutions to enhance the checkout experience and conversion rates. Following are the recommended products:
- Improve order conversions by 40% by offering a 5X Faster checkout experience
- Reduce COD RTOs by 50% by dynamically blocking the COD payment method for high RTO-risk users based on Razorpay’s proprietary AI/ML model.
- Securely store customer addresses and payment information during checkout.
- Personalised checkout and payment experience and no redirections.
Businesses tend to find accepting international payments quite cumbersome due to issues such as currency conversion, FIRS collection from banks and the constant threat of credit card fraud. Following are the recommended products:
- Accept international payments in nearly 100 foreign currencies, with real-time, automatic currency conversion
- Supported payment methods: Cards, PayPal, Trustly, Poli, Sofort and Giropay.
Razorpay solves issues related to high RTO costs, COD transactions involving cash handling, high RTO risk, and so on. Additionally, it also helps build loyalty and retention with increasing competition. Given below are the recommended products:
- Use our RTO Prediction capabilities to identify risk and dynamically disable the COD option, thereby reducing RTO.
- Convert COD orders to prepaid by offering incentives to customers via Whatsapp.
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