Payment Gateway Comparison
MAGNETPAY vs Razorpay: Global Coverage Comparison
Razorpay is a powerful India-first payment gateway. MAGNETPAY is built for the global stage with multi-provider routing, crypto-native payments, card issuing, and multi-currency accounts across 30+ currencies. Compare them side by side.
Global Reach
International vs India-First
Global by Default
150+
Countries
30+
Currencies
8
Blockchains
4
Card Issuers
Process payments from anywhere. Accept cards, bank transfers, UPI, and crypto. Settle in any of 30+ currencies. Pay out via SWIFT, SEPA, or crypto. Multi-provider routing ensures the highest approval rates globally.
India-First
3
Primary Countries
INR
Primary Currency
0
Blockchains
0
Card Issuers
Deep integration with Indian payment methods: UPI, net banking, wallets, EMI, and Aadhaar-based payments. International card acceptance available but with limited currency support and no multi-provider routing.
Feature-by-Feature
Complete Feature Comparison
| Feature | MAGNETPAY | Razorpay | Notes |
|---|---|---|---|
| Global Payment Processing (150+ Countries) | Razorpay primarily serves India; limited international | ||
| Multi-Provider Routing | MAGNETPAY routes across multiple PSPs; Razorpay is single-provider | ||
| Crypto Payments (8 Chains) | Razorpay does not support crypto | ||
| Card Issuing (Virtual & Physical) | MAGNETPAY offers multi-provider card issuing | ||
| UPI Payments | Razorpay has deeper UPI integration in India | ||
| Net Banking (India) | Razorpay supports Indian net banking natively | ||
| International Card Processing | MAGNETPAY: 30+ currencies; Razorpay: limited currencies | ||
| Multi-Currency Accounts | Hold and settle in 30+ currencies | ||
| Global Payouts (Bank + Crypto) | SWIFT, SEPA, crypto payouts globally | ||
| Indian Payouts (NEFT/IMPS) | Razorpay excels at Indian domestic payouts | ||
| Built-in KYC / KYB | Integrated identity verification with Veriff/SumSub | ||
| Subscription Billing | Both support recurring payments | ||
| Payment Links | Both offer no-code payment links | ||
| White-Label / Multi-Tenant | Full white-label for platforms | ||
| Real-Time Risk Engine | Both offer fraud detection | ||
| Checkout Pages | Both offer hosted checkout | ||
| High-Risk Merchant Support | Razorpay restricts high-risk categories |
Pricing
Cost Comparison
| Item | MAGNETPAY | Razorpay |
|---|---|---|
| Domestic Card Processing | 2.4% + $0.20 | 2% (India domestic) |
| International Cards | 3.2% + $0.20 | 3% + FX markup |
| UPI | 1.5% | 0% (up to Rs 2,000) |
| Crypto Payments | 1.0% | N/A |
| Card Issuing | $0.50 virtual / $3.00 physical | N/A |
| Payouts | $0.25 per payout | Rs 5-10 per payout (India) |
| Monthly Platform Fee | Free (pay-as-you-go) | Free (standard) |
FAQ
Frequently Asked Questions
Is MAGNETPAY a good alternative to Razorpay for international businesses?
Yes. Razorpay is optimized for the Indian market with deep UPI and net banking integrations, but its international capabilities are limited. MAGNETPAY is built for global businesses from the ground up, supporting 150+ countries, 30+ currencies, multi-provider routing, and both fiat and crypto payment rails. If your business operates internationally or needs to accept payments outside India, MAGNETPAY is the stronger choice.
Can I use MAGNETPAY for payments in India?
MAGNETPAY supports international card processing in India. However, for India-specific payment methods like UPI, net banking, and wallets (Paytm, PhonePe), Razorpay has deeper native integrations. If India is your sole market, Razorpay may be more suitable. If you need India plus global coverage, MAGNETPAY can handle both through its multi-provider routing.
How does multi-provider routing benefit me compared to Razorpay single-provider?
Multi-provider routing means MAGNETPAY distributes your transactions across multiple payment processors based on rules you configure (geography, card type, amount, risk score). Benefits include: higher approval rates (if one provider declines, another may approve), lower costs through competitive routing, automatic failover if a provider has an outage, and reduced dependency on any single acquirer.
Does MAGNETPAY support Razorpay-style payment pages and links?
Yes. MAGNETPAY offers checkout sessions that generate hosted payment pages, similar to Razorpay Payment Pages. You can also create shareable payment links through the API or dashboard. Unlike Razorpay, MAGNETPAY checkout sessions support cryptocurrency payments alongside traditional card and bank transfer methods.
What about card issuing? Razorpay does not offer this.
MAGNETPAY integrates with 4 card issuing providers to offer both virtual and physical Visa/Mastercard cards. This enables use cases like expense management, prepaid disbursements, and crypto-to-card spending. Cards can be funded from merchant balances, including crypto balances that are automatically converted to fiat at the time of card load.
Go Global with MAGNETPAY
Accept payments from 150+ countries, settle in 30+ currencies, and pay out globally via bank or crypto. Start with a free sandbox today.
Explore More
Payment Gateway
Multi-provider card processing
Multi-Currency
30+ currencies with real-time FX
Crypto Payments
8 blockchain networks
International Payments
Cross-border processing
Fintech
Infrastructure for fintechs
Ecommerce
Online store payments
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