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.

Razorpay Settings

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.

Razorpay COA

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.

Payment Gateway Account

After enabling service and configuring Payment Gateway Account your system is able to accept online payments.

Supporting transaction currencies

INR