Razorpay launches payment buttons for SMEs and startups

BENGALURU: Razorpay on Tuesday launched Payment Buttons for startups and small businesses. Payment button enables businesses and freelancers to add a single line of code on their website or blog and go live with an integrated payment gateway, in less than 5 minutes.

Amid salary cuts, layoffs and downsizing of businesses in this Covid-era, a new set of micro-entrepreneurs – including freelancers and individual-run businesses are on the rise. Having spoken to over 200 startups and freelancers during Covid, Razorpay found that this underserved business community needs a customised payment solution which is easy and fast to implement, requiring no technology expertise or dependence on third party vendors for receiving payments. This led to the launch of Razorpay Payment Buttons – a platform which converts the capabilities of a full-stack payment gateway into a payment button.

In addition, Razorpay’s Payment Buttons is also supporting 100+ currencies for international payments. The product helps businesses to send automated receipts to customers without any manual intervention and is compatible with website builders and content management tools.

Shashank Kumar CTO and co-founder of Razorpay said in a statement, “The current situation has got all businesses feeling the pain to varying degrees, but it’s independent businesses that are hurting the most. Solutions such as Payment Buttons empower startups and freelancers to focus on their business and their customers and not worry about having a digital presence and accepting money without integrating a payment gateway. We predict a 10x growth in demand for Payment Buttons by the end of 2020.”

Razorpay’s Payment Buttons provide businesses the option of accepting payments for multiple products, services and events with different price ranges – all through a single button.

Razorpay launches payment buttons for SMEs and startups Razorpay launches payment buttons for SMEs and startups Reviewed by TechCO on 8/12/2020 Rating: 5

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