Setting up Razorpay
A payment gateway is an e-commerce application service provider service that authorizes credit card payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar.
A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the Front End Processor or acquiring bank.
Step 1: Create Razorpay service
Explore > Setup > Integration Service
Make a new Integration Service and select
Razorpay as a service from dropdown then save the document.
After saving a document, click on
Razorpay Settings button, to setup service.
Step 2: Setup payment service
To enable Razorpay payment service, you need to configure parameters like API Username, API Password and Signature.
Step 3: Enable Service
After setting up credentials on Razorpay Settings, go back to Razorpay Service record and enable it. On enabling service, the system will create Payment Gateway record and Account head in chart of account with account type as Bank.
Also it will create Payment Gateway Account entry. Payment Gateway Account is configuration hub from this you can set account head from existing COA, default Payment Request email body template.
After enabling service and configuring Payment Gateway Account your system is able to accept online payments.
Supporting transaction currencies