Payment Gateway Charges for Restaurants: Paytm vs PhonePe vs Razorpay (2024)
Compare UPI, card & wallet payment gateway fees. Which saves Indian restaurants the most money on transaction charges?
Quick Answer
Choosing the right payment gateway can save your restaurant thousands every month. Let's break down the real costs for Paytm, PhonePe, and Razorpay in 2024.
Payment Gateway Charges Comparison
- Paytm: Free (0%): 1.99% + GST: T+1 day
- PhonePe: Free (0%): 1.99% + GST: T+1 day
- Razorpay: Free (0%): 2% + GST: T+2 days
Additional Tips
Good news: UPI transaction cost is zero across all three platforms. The difference shows up in card payments and wallet transactions. For a restaurant doing ₹2 lakh monthly card sales, you're paying around ₹4,000-₹4,500 in payment gateway charges. Paytm and PhonePe have a slight edge with faster settlements and marginally lower restaurant payment fees.
Pro Tip
Pro tip: Encourage UPI payments over cards to eliminate transaction fees completely. If you're using digital menus like DineCard (dinecard.in), add payment QR codes directly to save on gateway charges.
Frequently Asked Questions
Can I use a digital menu alongside my printed menu?
Yes. Many Indian restaurants keep printed menus for ambiance while using a DineCard QR menu for instant price updates and multilingual support at ₹99/month.
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