What is the difference between Razorpay onetime and Razorpay Subscription
RazorPay offers two different payment options: One-Time Payments and Subscriptions.One-Time Payments:
One-Time Payments are transactions where the customer makes a single payment for a product or service. This payment is not recurring and does not require any future charges. It is suitable for scenarios where customers make a one-time purchase or payment, such as buying a product, paying for a service, or making a donation.
RazorPay Subscription:
Subscriptions, on the other hand, are recurring payments that are charged to the customer at regular intervals. With Razorpay Subscriptions, businesses can create plans and set up mandates to automatically charge customers on different frequencies, such as daily, weekly, monthly, or annually. Subscriptions are ideal for businesses that offer ongoing services or products that require regular payments, such as membership programs, subscription boxes, or software-as-a-service (SaaS) products.
The main difference between One-Time Payments and Subscriptions is the recurring nature of Subscriptions. While One-Time Payments are single transactions, Subscriptions allow businesses to automate the billing process and charge customers on a recurring basis.
To summarize:
- One-Time Payments are for single transactions and do not require future charges.
- Subscriptions are for recurring payments and allow businesses to automate the billing process.
For more information on RazorPay One-Time Payments and Subscriptions, you can visit the Razorpay Documentation.
Can we collect recurring payment with RazorPay onetime ?
No, recurring payments cannot be collected using RazorPay One-Time Payments. One-Time Payments are designed for single transactions and do not support recurring billing. If you want to collect recurring payments, you would need to use Razorpay Subscriptions. With Razorpay Subscriptions, you can set up plans and mandates to automatically charge customers at regular intervals. This allows you to automate the billing process for recurring payments. For more information on how to integrate and use Razorpay Subscriptions, you can refer to the Razorpay Subscriptions documentation.
https://forum.pabbly.com/threads/razorpay-integration-guide.2846/
Can we use UPI Autopay with RazorPay onetime ?
No, UPI Autopay is not available for Razorpay One-Time Payments. UPI Autopay is specifically designed for recurring payments and is supported only for Razorpay Subscriptions. It allows customers to authorize automatic recurring payments using UPI apps such as Google Pay, BHIM UPI, and PhonePe. UPI Autopay simplifies the payment process for customers by eliminating the need for manual authorization for each payment cycle.
For One-Time Payments, customers can still use UPI as a payment method, but it will not be processed as an autopay transaction. The customer will need to manually authorize and complete the payment for each individual transaction.
If you are looking to collect recurring payments, we would recommend exploring RazorPay Subscriptions, which provides a dedicated solution for managing and automating recurring billing.
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