Payments
An honest comparison to help you pick the right payments tool in 2026.
| Feature | Razorpay | Square |
|---|---|---|
| Category | Payments | Payments |
| Free Tier | Yes | Yes |
| Paid Plan | 2% per transaction | 2.9% + 30¢ per transaction |
| Enterprise | Custom | Custom |
| Best For | Businesses selling in India that need local payment methods (UPI, netbanking) with a solid API | Businesses that sell both online and in person and want one platform for payments and POS |
| Feature 1 | India-focused payments | Online + in-person payments |
| Feature 2 | Subscriptions & invoices | POS hardware |
| Feature 3 | Payment links | Invoicing |
| Feature 4 | Payouts & banking | Developer API & SDKs |
| Feature 5 | Developer API | Payroll & banking add-ons |
| Website | Razorpay | Square |
Razorpay and Square are both popular choices in the payments category, but they serve different types of developers. Razorpay is full-stack payments and business banking platform popular in India, with a developer-friendly API, subscriptions, and payment links. Meanwhile, Square is payments platform combining online checkout, in-person POS hardware, invoicing, and a developer API under one account.
Both tools offer free tiers, which means you can try each one before committing. Razorpay's paid plan starts at 2% per transaction, while Square's starts at 2.9% + 30¢ per transaction.
Razorpay stands out with India-focused payments and Subscriptions & invoices, while Square differentiates itself through Online + in-person payments and POS hardware. The right choice depends on which capabilities matter most for your workflow. Ultimately, businesses selling in India that need local payment methods (UPI, netbanking) with a solid API, while Square is best for businesses that sell both online and in person and want one platform for payments and POS.
Razorpay: Free tier available. Paid plans start at 2% per transaction. Enterprise pricing: Custom.
Square: Free tier available. Paid plans start at 2.9% + 30¢ per transaction. Enterprise pricing: Custom.
Choose Razorpay if you value india-focused payments and subscriptions & invoices. Go with Square if businesses that sell both online and in person and want one platform for payments and POS. Both are solid payments options in 2026 — the best pick depends on your team size, budget, and technical requirements. We recommend trying both (especially if they have free tiers) before committing to one.
Not sold on either Razorpay or Square? Check out these other payments tools:
See all Razorpay alternatives or Square alternatives.
Read more about payments on our Vibe Coding page.
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