RazorpayX
Create a RazorpayX account to explore seamless financial management with payouts, payments, disbursals & refunds, automation and more.
RazorpayX supercharges your business banking experience. We help business owners and finance teams automate manual, repetitive financial tasks and provide insights into money flow.
Using RazorpayX, you can process:
- Refunds for customers.
- Salary payouts with automated statutory payments such as PF and TDS.
- Vendor payouts with automated TDS payments.
You can make timely payouts on RazorpayX either via our user-friendly Dashboard or developer-friendly APIs in 3 easy steps.
Watch this video to know more about RazorpayX:
Handy Tips
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If you are an existing Razorpay user, you can use your Razorpay Payment Gateway credentials to sign into RazorpayX.
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Use your existing API keys to fire Payout APIs.
RazorpayX is a banking platform that provides businesses with an API-first banking solution to manage payments, finances, and cashflow. The versatile platform finds its application in multiple industries and sectors, including Ecommerce, online marketplaces, freelance platforms and more. Below are some of the most common use cases for RazorpayX.
Online marketplaces are a complex network of buyers, sellers, and transactions, making the management of finances and payments a key component of their operations. RazorpayX provides a suite of tools and features designed to streamline and automate these financial processes, thus improving the efficiency and performance of online marketplaces.
- Onboard all your vendors by providing their emails and let RazorpayX do the KYC check. RazorpayX automates vendor verification and simplifies onboarding with . This helps to ensure financial compliance and minimise fraud.
- RazorpayX's streamlined process accelerates onboarding, reducing manual effort for marketplaces. Vendors can use their for invoice uploads and easy reconciliation.
- Manage all your vendors, payouts, purchase orders, invoices and taxes in one dashboard.
- Employ the to obtain consent from stakeholders for customer and vendor refunds or payments.
- Use RazorpayX's AI-powered system to ensure best payout success rates.
- Manage refunds better using custom refund feature.
- Do payouts in bulk using the feature.
- Manage your branches and cost centres in one dashboard.
- Import documents, purchase orders and files from your external accouting software(s).
- Manage all your taxes and get GST reports.
- Share relevant data to your Chartered Accountant by creating .
- Ensure marketplace transparency with RazorpayX's comprehensive offering.
- Gain transaction insights like parties involved, payment methods, and timing.
- Simplify audits and grasp business performance through detailed reporting.
RazorpayX can ease payment processing for freelance platforms. It allows for the smooth transfer of payments between clients and freelancers, offering transparent transactions and ensuring compliance with financial regulations.
- Optimise freelancer payments with , enhancing consistency and timeliness.
- Reduce delays and bolster trust through reliable automated payouts, improving freelancer satisfaction.
- Customise schedules to meet freelancers' preferences and client convenience.
- Foster trust and prevent payment disputes by upholding transparency among freelancers, clients and the platform with RazorpayX's comprehensive transaction recording.
- Access transactions in the Account Statement section and download and email from the RazorpayX Dashboard, ensuring transparent and clear financial communication.
- Employ for freelancer convenience, allowing them to upload invoices centrally.
- Streamline payment management, track dues, and deadlines through user-friendly portals.
- Initiate client approval before processing payouts for freelancers' dues.
- Enjoy automated and seamless .
Educational institutions and e-learning platforms can leverage RazorpayX for hassle-free fee collection. Automated receipts, timely reminders, and an easy-to-use interface simplify the payment process for students and parents.
- Simplify payments using , streamlining finance procedures.
- Avoid bank details for one-time resources while maintaining proper records.
- Easy reconciliation of multiple payouts.
- Utilize with and , along with downloadable .
- Enhance visibility, transparency, and team collaboration while ensuring consented access.
- Assign roles and permissions to both vendors and freelancers, enhancing security and control.
- allow controlled access with or without .
- Use and for convenient student incentive payouts.
- Simplify rewards distribution using without the need for individual account details, improving efficiency.
SaaS companies can use RazorpayX for invoices and customer payouts. The platform offers a robust solution for ensuring timely payments and providing detailed transaction reports.
- Embrace for efficient compliance.
- Automatic calculation and deduction minimize errors and non-compliance risk.
- Save time, avoid penalties, and enhance business efficiency through streamlined tax processes.
- Generate for transparent customer transactions.
- Invoices track services, costs and payments, building trust.
- Manage revenue, cash flow, and taxes with automated , utilizing OCR for existing invoices.
- Utilize for in-depth financial insights.
- Guide strategic decisions with revenue sources, expenses, and profitability data.
- Enhance resource allocation, compliance, and investor confidence with detailed financial information.
RazorpayX simplifies the complex financial operations of retail and Ecommerce businesses. The platform offers tools for easy vendor payments, managing returns and refunds, and automating salary payments for employees.
- Use by RazorpayX for convenient and timely vendor payments, whether immediate or scheduled.
- Opt for or direct payments, with the flexibility to streamline invoice handling through the .
- Automate payments once set up, using funds from your chosen account type in RazorpayX for seamless vendor transactions.
- Employ and for cashbacks and refunds, either individually or in bulk, with instant or scheduled options.
- Establish an on RazorpayX Dashboard for required permissions before making payouts.
- Simplify reconciliation with downloadable reports for all recorded payments, ensuring easy tracking and management across various scenarios.
- Enforce tax compliance using through RazorpayX, including setup.
- Automate TDS calculations upon invoice upload and seamless integration with the Tax Payments Application.
- Simplify Ecommerce reconciliation using with Zoho or Tally, exporting transaction details seamlessly.
- Share relevant data by integrating with your preferred software and provide access to a for your CA to review transactions on RazorpayX Dashboard.
- Streamline accounting processes, enhance collaboration, and offer transparency.
In the gaming industry, RazorpayX can facilitate seamless transactions for in-game purchases. The platform also simplifies the management of player payouts for gaming tournaments.
- Choose between linking multiple or using funds in for making payouts.
- Easily switch between the two options as needed, enabling diverse payment types without manual reconciliation.
- Seamlessly manage payments with automated recording and reconciliation offered by RazorpayX.
- Address discomfort around sharing banking details by leveraging , enabling engagement from one-time players and retaining potential users.
- Utilize Payout Links for cashbacks, refunds, and flexible employee payouts, including short-term contracts.
- Maximize player participation, offer incentives, and streamline payments with the versatile capabilities of Payout Links.
- Larger gaming companies with multiple games can create distinct for individual competitions.
- Streamline winner's payouts through a single Current Account, routed via the relevant sub-account.
- Enhance fund tracking, transparency, and clarity, avoiding confusion in payment management.
- Utilize for efficient distribution of gaming prizes, earnings, and rewards to multiple players simultaneously.
- Simplify payments after tournaments or virtual goods acquisition, enhancing player satisfaction.
- Boost player motivation with timely and hassle-free bulk payouts, whether in virtual or real currency.
Service aggregators can use RazorpayX to do instant partner payouts, offer incentives, streamline payments and manage service partners.
- Utilise to do instant payouts to service partners seamlessly.
- Make rewards distribution process simpler and more efficient using without the need for individual account details.
- Reduce delays and boost trust through automated payouts, improving partner satisfaction.
- Optimise partner payments with , enhancing consistency and timeliness.
- Ensure prompt cashbacks and refunds including short-term contracts using .
- Automate generation for customers.
- Ensure tax compliance using through RazorpayX, including setup.
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Use
to set roles and permissions for different categories of users.
Insurance companies can leverage RazorpayX payout and payroll features to enable hassle free transactions and employee management.
- Settle claims instantly using .
- Choose between multiple for claim settlements.
- Create for better payment segregation.
- Overcome delays due bank downtimes and experience hassle free claim settlements using RazorpayX's .
- Set up approval workflows on RazorpayX Dashboard for channeling payouts for different levels of approvals.
- Execute payouts in bulk to insurance agents/advisors using .
- Set roles and permissions for different categories of users using and enable controlled access.
- Use for managing employee onboarding, attendance, salaries, payment to contract employees, TDS and more.
RazorpayX's lending tech stack can be used to credit instant loans to customers while ensuring compliance.
- Offer instant loan credits by using through multiple .
- Leverage RazorpayX's tech stack to ensure financial, regulatory and legal compliance in lending.
- Use for better payment segregation.
- Utilize RazorpayX's to overcome bank downtimes and experience hassle free loan payouts.
- Route payouts for different levels of approvals by setting up on RazorpayX Dashboard.
- Enable bulk payouts to agents/advisors using .
- Set up user roles and permissions for different categories of users using and enable controlled access.
- Manage employee onboarding, attendance, salaries, payment to contract employees, TDS and more using .
Customer withdrawals can be completely automated using RazorpayX Payout APIs.
- Use to automate customer withdrawals.
- Approve or reject payouts using .
- Enable fund tracking and ensure more clarity in payment management by using .
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