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Razorpay vs Square
Razorpay and Square are both card processing platforms. On a $1,000 payment you keep about $980 on Razorpay and $973.85 on Square, 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 $980 on Razorpay and $973.85 on Square, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer.
- Square is the older platform — founded in 2009, 5 years before Razorpay (2014).
- Razorpay is based in India, Square in United States.
Which should you choose?
Choose Razorpay if…
- Keeping more of each payment matters most — its fee is lower.
Choose Square if…
- You prefer a long track record (since 2009).
Side by side
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Razorpay
India leading payment gateway - businesses of any size accept cards, UPI, netbanking, and wallets, with paymen…
Visit
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Square
Take card payments in person or online - free card reader, invoices, and an online store, popular with local s…
Visit
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|---|---|---|
| Type | Card processing like Stripe | Card processing like Stripe |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | No |
| Fees | Around 2% per domestic transaction | 2.6% plus 15 cents per in-person charge (US Free plan) |
| Minimum payout | — | $25 for instant transfers, $1 for same-day, no stated minimum for standard next-business-day transfers |
| Payout speed | Standard domestic settlement generally T+2 business days, eligible instant settlements available | Free next-business-day transfers |
| Withdraw via | Bank transfer | Bank transfer |
| Availability | India | US, Canada, UK, Australia, Japan, and more |
| Local to | India | — |
| Founded | 2014 | 2009 |
| Headquarters | Bengaluru, India | Oakland, United States |
| Popularity | 49 views · 0 likes | 41 views · 0 likes |
Frequently asked questions
Which is cheaper, Razorpay or Square?
On a $1,000 payment you keep about $980 on Razorpay and $973.85 on Square, before withdrawal or currency-conversion costs.
How fast do Razorpay and Square pay out?
Razorpay: Standard domestic settlement generally T+2 business days, eligible instant settlements available. Square: Free next-business-day transfers.
Where are Razorpay and Square available?
Razorpay: India. Square: US, Canada, UK, Australia, Japan, and more.