Razorpay Route vs Stripe Connect

Razorpay Route splits incoming payments among multiple sellers, service providers, or bank accounts. For marketplaces, it can direct parts of a customer payment to chosen sellers and control the amount, recipient, and settlement timing. Businesses can onboard vendors and other payees as linked accounts without physical paperwork, make multiple transfers from one payment, and reverse transfers through APIs. Settlements can be scheduled, deferred, or held until business conditions are met. Route also supports API-driven reconciliation and reporting for transactions, transfers, and settlements. Payments collected through Subscriptions, Payment Links, Invoices, and Smart Collect can be split through Route. It supports webhooks for transfer creation and reversal, with separate test and live URLs. Razorpay describes it as built for 100,000+ sellers and millions of transactions, with Amazon AWS hosting and auto-scaling. Access requires domestic turnover above ₹40 Lakhs or export turnover above ₹5 Lakhs in FY26 or FY25, plus payer-payee transparency information. The Standard Plan is $0.10 as a one-time purchase, with GST applicable; a Customized Plan has no listed price.

Stripe Connect embeds payments in software platforms and marketplaces and coordinates money movement among multiple parties. Platforms can choose Stripe-hosted, embedded, or custom onboarding, including identity verification and networked onboarding for existing Stripe users. Connect supports payments in 135+ currencies and 40+ payment methods across online, mobile, subscription, invoicing, and point-of-sale flows. Platforms can split payments, route funds across borders, control payout timing, and offer instant payouts. Prebuilt connected-account dashboards include controls for payments, payouts, settings, notifications, and payment methods. Risk and compliance features include KYC and AML checks, sanctions screening, MATCH list checks, and fraud management. Connect can automatically generate US 1099 forms; e-filing and delivery fees vary by pricing model. Its listed security features include PCI DSS Level 1 certification and PSD2 Strong Customer Authentication compliance. Pricing may involve no platform fees when Stripe handles user pricing, or $2 per monthly active account plus 0.25% + 25¢ per payout sent; other usage fees may apply.