smartcollect account

How Does Razorpay Smartcollect Work?

Create, Share and Collect payments via direct bank transfers via NEFT / RTGS / IMPS and direct UPI transfers

Virtual Bank Accounts
Virtual UPI IDs

Create a virtual account
via API or Dashboard

Share details with Customer
who adds it as beneficiary

Pays via NEFT/RTGS/IMPS
online or at a bank branch

Get notified
via webhook and dashboard

Merchant creates a  Virtual Payment Address
for the customer

Customer adds the VPA to preferred UPI app
and makes payment

Merchant receives realtime notification
of the payment

Razorpay SmartCollect - The smartest e-Collect solution in the market

Six reasons why you should choose SmartCollect over traditional e-Collect options

Zero Cost

Create Custom Accounts and UPI-IDs with your brand prefix free of cost

Custom Brand Prefix

Add or update your brand prefix directly from the dashboard

Multi-Bank Support

Create custom account number on multiple banks with single integration

Third Party Validation

Accept payments only via KYC verified accounts

Auto Refund

Instantly refund any payment made to wrong and deactivated accounts

Multiple Modes of Payment

Accept payments via NEFT, RTGS, IMPS and UPI

Application of Razorpay SmartCollect Across Industries

How are companies like you using Razorpay SmartCollect for reconciliation

Rang De Saves Cost In Man Hours With Razorpay SmartCollect

Watch how Razorpay helped Rang De reach underserved communities through microcredit from Mr Ramakrishna NK, CEO and Co-Founder of Rang De.

Simple pricing, no hidden charges

Set up your recurring payments with ease and pay us only when you get paid.

LIMITED TIME OFFER

Standard Plan

1% or ₹50
1% or ₹10

whichever is lower

A fee of 1%, upto a maximum of ₹10, is charged on every payment received for Smart Collect. GST charges as applicable.
  • Automate NEFT/RTGS/IMPS payments
  • Unlimited virtual accounts
  • Quick onboarding

  • Dashboard Reporting
Get Started

Customized Plan

Sign up now to learn more about the Razorpay payments suite and explore our powerful dashboard.
Explore Smart Collect to generate virtual accounts for your payments

Frequently Asked Questions

FAQs

What are virtual accounts and virtual UPI-IDs?
What are virtual accounts and virtual UPI-IDs?

Any incoming payment by a customer which is not via your payment gateway, can be collected via Razorpay SmartCollect. Reconciling each payment made to your bank account can be an operationally intensive and costly process. Using custom virtual bank accounts and virtual UPI-IDs allows your finance team to reconcile incoming payments via NEFT, RTGS, IMPS and UPI in real time.

What do you mean by multi bank support?
What do you mean by multi bank support?

Razorpay SmartCollect allows you to create a single account number on multiple banks. This ensures a seamless payment experience for your customers.

Do you charge for custom account creation?
Do you charge for custom account creation?

We do not charge any feed for custom account creation. Create unlimited custom virtual account numbers and virtual UPI-IDs. Your can also instantly choose your own brand prefix for custom UPI-IDs via razorpay Dashboards and start creating custom links instantly and completely free of cost.

How do I get a confirmation for payment?
How do I get a confirmation for payment?

On receiving a payment by the customer, you will be notified via webhooks. You can also check the status of payment on your dashboard.

What are virtual accounts and virtual UPI-IDs?

Any incoming payment by a customer which is not via your payment gateway, can be collected via Razorpay SmartCollect. Reconciling each payment made to your bank account can be an operationally intensive and costly process. Using custom virtual bank accounts and virtual UPI-IDs allows your finance team to reconcile incoming payments via NEFT, RTGS, IMPS and UPI in real time.

What do you mean by multi bank support?

Razorpay SmartCollect allows you to create a single account number on multiple banks. This ensures a seamless payment experience for your customers.

Do you charge for custom account creation?

We do not charge any feed for custom account creation. Create unlimited custom virtual account numbers and virtual UPI-IDs. Your can also instantly choose your own brand prefix for custom UPI-IDs via razorpay Dashboards and start creating custom links instantly and completely free of cost.

How do I get a confirmation for payment?

On receiving a payment by the customer, you will be notified via webhooks. You can also check the status of payment on your dashboard.

Start Doing More with Razorpay Smart Collect

Handle the entire payments lifecycle with our technologically advanced payments solution.

  • Free Virtual Account Creation
  • Instant Refund
  • Free customisation
  • 24x7 Support
Sign Up