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PayMongo vs Razorpay
PayMongo and Razorpay are both card processing platforms. On a $1,000 payment you keep about $965–$975 on PayMongo and $980 on Razorpay, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $965–$975 on PayMongo and $980 on Razorpay, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer.
- Razorpay is the older platform — founded in 2014, 5 years before PayMongo (2019).
- PayMongo is based in Philippines, Razorpay in India.
Which should you choose?
Choose Razorpay if…
- Keeping more of each payment matters most — its fee is lower.
- You prefer a long track record (since 2014).
Side by side
PayMongo
A Philippine payments platform letting businesses accept cards, e-wallets, and bank transfers.
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Razorpay
India leading payment gateway - businesses of any size accept cards, UPI, netbanking, and wallets, with paymen…
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|---|---|---|
| Type | Card processing like Stripe | Card processing like Stripe |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | Yes |
| Fees | Cards 3.5% + PHP 15, e-wallets ~2.5-3% | Around 2% per domestic transaction |
| Payout speed | Standard settlement in 2 to 7 days, or instant settlement to PayMongo Wallet for a fee | Standard domestic settlement generally T+2 business days, eligible instant settlements available |
| Withdraw via | Bank payout ~T+1 | Bank transfer |
| Availability | Philippines | India |
| Local to | Philippines | India |
| Founded | 2019 | 2014 |
| Headquarters | Manila, Philippines | Bengaluru, India |
| Popularity | 46 views · 0 likes | 49 views · 0 likes |
Frequently asked questions
Which is cheaper, PayMongo or Razorpay?
On a $1,000 payment you keep about $965–$975 on PayMongo and $980 on Razorpay, before withdrawal or currency-conversion costs.
How fast do PayMongo and Razorpay pay out?
PayMongo: Standard settlement in 2 to 7 days, or instant settlement to PayMongo Wallet for a fee. Razorpay: Standard domestic settlement generally T+2 business days, eligible instant settlements available.
Where are PayMongo and Razorpay available?
PayMongo: Philippines. Razorpay: India.