Software Alternatives & Reviews

Open.money VS Razorpay

Compare Open.money VS Razorpay and see what are their differences

Open.money logo Open.money

Open is a connected banking platform for business payments that simplifies the process of sending, receiving, and reconciling payments for businesses.

Razorpay logo Razorpay

Payment gateway solution for India with robust, developer friendly API and simple economic pricing.
  • Open.money Landing page
    Landing page //
    2023-09-18

Founded in 2017, OPEN is a business payments platform that empowers SMEs, startups and freelancers to manage everything from accounts payables, accounts receivables, to auto-reconciliation, accounting, expense management, compliance and payroll in one single platform. Today the platform powers more than 40 lakh SMEs and processes over USD 30 billion in annualized transactions. The platform also adds over 100,000 SMEs every month, making it the fastest-growing platform in this space globally.

In May 2022, OPEN raised its Series D round and became the 100th Unicorn from India. OPEN is backed by leading global investors like IIFL Finance, Temasek, Google, Visa, Tiger Global, Beenext, Recruit Strategic Partners, 3one4 Capital, Speedinvest, Tanglin Venture Partner Advisors, Angellist, Unicorn India Ventures, to name a few and has raised over USD190 million in funding to date.

  • Razorpay Landing page
    Landing page //
    2023-10-18

Open.money

Categories
  • Financial Technology
  • Accounting & Finance
  • Expense Management
  • Recurring Billing And Payments
  • Billing & Invoicing
  • Credit Card Payments
Website open.money
Pricing URL Official Open.money Pricing
Details $freemium $81.52 / Annually
Platforms
Browser Android iOS
Release Date2017-05-19

Razorpay

Categories
  • Online Payments
  • Payment Platform
  • Recurring Billing
  • eCommerce Tools
Website razorpay.com
Pricing URL Official Razorpay Pricing
Details $-
Platforms
-
Release Date-

Open.money videos

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Razorpay videos

Razorpay Payment Gateway Review - First Impressions by DigitalDeepak

More videos:

  • Review - Razorpay - Best Payment Gateway for Indian WordPress eCommerce Websites - WooCommerce

Category Popularity

0-100% (relative to Open.money and Razorpay)
Online Payments
11 11%
89% 89
Recurring Billing
15 15%
85% 85
Payment Platform
8 8%
92% 92
Accounting & Finance
100 100%
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Open.money and Razorpay

Open.money Reviews

  1. Great app

    Overall, I highly recommend Open to fellow entrepreneurs and business owners. The platform offers a comprehensive set of features that streamlined my financial operations. Open provides tools for tracking expenses, invoicing clients, and managing cash flow. The user-friendly interface makes it easy to navigate and access the necessary information efficiently. The ability to connect multiple bank accounts and view consolidated financial data in one place has saved me a tremendous amount of time and effort. However, I do miss the founder's One Card, which was a valuable addition to the platform. I hope that Open considers relaunching it soon, as it provided convenience and enhanced control over business expenses.

  2. Simplifies transactions and exceptional support

    I have been utilizing Open for my business transactions, and it has been an incredible experience. It seamlessly integrates with my existing systems, making the payment process straightforward. I feel extremely secure using it, and whenever I have had inquiries, their customer support has been exceptionally helpful. Open provides a variety of payment options, which has significantly contributed to the growth of my business. Overall, my experience with Open has been exceptional.

  3. Effortless Financial Tracking with Open's Digital Dashboard

    The open digital dashboard provides the summary of my account balances, payables, and receivables, making it easy to track my finances. Moreover, the beneficiary management feature simplifies handling recipients, ensuring seamless and efficient transactions. I enthusiastically recommend it to anyone seeking to streamline their financial management.

Razorpay Reviews

5+ Best Payoneer Alternatives For Freelancers & Businesses
Razorpay also facilitates receiving payment from your clients even if they pay you via their PayPal account. The cross-platform payment feature is possible in Razorpay.
9 Best Payoneer Alternatives for Freelancers | 2022
When it comes to freelancers, Razorpay offers a feature where they can set up automatic payment reminders for clients. The platform also facilitates payment receiving from clients even when they pay through other online payment services including PayPal. With Razorpay supporting over a hundred currencies, one can collect payment through more than a hundred payment modes. You...
Payment Gateways for marketplaces: Paytm Vs Razorpay Vs Instamojo
Payment gateways take many actions when they receive payments; one of them is sending an email to the payer. Both Razorpay and Instamojo do this. But I don't like them sending emails to my customers. Its too obtrusive for my taste. When I buy a computer I don't want to receive one email from Intel thanking me for buying their chip, another email from Microsoft or Apple...

Social recommendations and mentions

Based on our record, Razorpay should be more popular than Open.money. It has been mentiond 9 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Open.money mentions (1)

  • open.money bank reviews
    Has anyone used open.money for banking purpose? Source: about 1 year ago

Razorpay mentions (9)

  • Accept Payments in Your Flutter App Using Razorpay
    Razorpay is a payment gateway that enables Indian businesses to accept online payments from customers using a wide range of payment methods, including credit and debit cards, net banking, UPI, and digital wallets. It is known to be one of the major platforms for accepting payment in India. Source: about 1 year ago
  • Integrate Razorpay Payment Gateway with Vue 3 and Laravel
    I am starting a blog series for payment gateway integration with Vue 3 & Laravel. Let's start with Razorpay Payment Gateway. - Source: dev.to / over 1 year ago
  • Different Types of Payment Gateways in E-Commerce Development
    Razorpay: Razorpay, a unicorn business in India, is one of the country's most popular and finest payment gateway firms, founded by Harshil Mathur in 2014. Razorpay is known for its ease of use and quick activation. A dashboard that displays real-time purchasing data. It's quite easy to use. Small, medium, and big enterprises, as well as freelancers and self-employed people, choose Razorpay. It allows you to pay... Source: almost 2 years ago
  • Watery : A water delivery solution android app
    Now you can pay via Cash On Delivery Or Online. Here I have intrigate Razorpay to accept online payments. After successful payment your order will be placed. When payment is successful the date is saved as a Order object in Appwrite's Database. - Source: dev.to / almost 2 years ago
  • Stripe payment integration
    Check out razorpay , The docs are not so good though but it supports UPI and is the largest payment gateway in India. Source: about 2 years ago
View more

What are some alternatives?

When comparing Open.money and Razorpay, you can also consider the following products

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Razorpay International Payments - Easiest way to accept payments in 100 currencies 🇮🇳

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

Zoho Books - Smart Accounting for Growing Business

Braintree - An all-in-one solution to accept, process, and split payments in your mobile app or online - from small business to large enterprise.

GoSolo - Smart business banking for SMEs in the UK