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Accounting · head to head

Invoice2go vs RazorpayX

Invoice2go logo

Invoice2go

Accounting

Mobile-first invoicing app for small businesses and freelancers

From
On request
Rated
-
Full reviewWebsite
RazorpayX logo

RazorpayX

Accounting

Indian business banking layer for current accounts, automated payouts, vendor payments and payroll

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Invoice2go starter plan caps invoices at just 30 per year, forcing an upgrade for most active businesses.; RazorpayX everything is India specific, the rails, the currency, the statutory deductions and the filings, so a company that redomiciles or expands abroad gets no reuse and has to run a second banking and payroll stack in the new jurisdiction.
  • They diverge on capability: Invoice2go covers Invoice creation and customization, RazorpayX covers Current account.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Invoice2go and RazorpayX actually diverge.

Attributes where Invoice2go and RazorpayX differ
AttributeInvoice2goRazorpayX
Pricing modelsubscriptionusage-based
Platformsweb, ios, androidWeb

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated), category (Accounting).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Invoice2go

  • Invoice creation and customization
  • Estimates and projects
  • In-app payments
  • Automated reminders
  • Team member access

Only in RazorpayX

  • Current account
  • Payout API
  • Bulk payouts
  • Payout links
  • Vendor payments
  • Payroll
  • Statutory filing support
  • Corporate cards

Both cover

  • Accounting integrations

What people use each for

The jobs each tool is most often brought in to do.

Invoice2go

  • Freelancers invoicing clients from a mobile devicenot RazorpayX
  • Small service businesses tracking estimates and projectsnot RazorpayX
  • Businesses wanting integrated card and ACH paymentsnot RazorpayX
  • Businesses syncing invoices with QuickBooks or Xeronot RazorpayX

RazorpayX

  • An Indian marketplace settling thousands of seller payouts on a schedule that no bank portal can supportnot Invoice2go
  • A startup running payroll for a growing team that needs provident fund, employee state insurance and tax deduction handled without an in house specialistnot Invoice2go
  • A company paying many vendors monthly that needs tax deducted at source calculated and recorded against each paymentnot Invoice2go
  • A product team that needs disbursements to happen from application code with webhook confirmation rather than from a treasury spreadsheetnot Invoice2go

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Invoice2go

  • Starter plan caps invoices at just 30 per year, forcing an upgrade for most active businesses.
  • Card processing fees are higher than some dedicated payment processors.
  • Accounting integrations are limited to QuickBooks and Xero, excluding other platforms.
  • Premium plan requires roughly $100k+/year revenue to be cost-effective, per its own positioning.

RazorpayX

  • Everything is India specific, the rails, the currency, the statutory deductions and the filings, so a company that redomiciles or expands abroad gets no reuse and has to run a second banking and payroll stack in the new jurisdiction.
  • The current account is held with a partner bank while the interface and the relationship belong to Razorpay, so an escalation about the account itself can fall between two organisations and the deposit protection you have depends on the bank, not on the fintech.
  • Indian payment fintechs are subject to active central bank intervention, and Razorpay itself spent a period unable to onboard new merchants following a regulatory direction, so single provider concentration for both collections and payouts is a live continuity risk rather than a theoretical one.
  • Payouts carry per transaction charges beyond an included allowance and payroll is charged per employee, so a high volume settlement business or a company hiring quickly finds the running cost scales directly with the activity that made the product attractive.
  • Support is largely ticket based and account management is reserved for larger accounts, so a failed high value payout or a payroll run that does not credit becomes a queue rather than a call, which is a poor position to be in on a salary date.

Pricing, plan by plan

Invoice2go

On request
  • Starter$undefined/month
    • 30 invoices/year
    • 3.5% card payment fee
    • Free ACH bank transfers
  • Professional$undefined/month
    • 100 invoices/year
    • 3% card payment fee
    • QuickBooks/Xero integration
  • Premium$undefined/month
    • Unlimited invoices
    • 2.9% card payment fee
    • Recurring invoices

RazorpayX

On request

No published plan breakdown. See the RazorpayX review.

Which should you pick?

Choose Invoice2go if

  • You need invoice creation and customization.
  • You work on web, ios, android.
  • You also want estimates and projects.
Invoice2go review

Choose RazorpayX if

  • You need current account.
  • You also want payout api.
RazorpayX review

Questions people ask

Is Invoice2go or RazorpayX better?
Neither clearly leads. Invoice2go starts at On request and RazorpayX at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Invoice2go or RazorpayX?
Invoice2go starts at On request and RazorpayX at On request.
Does Invoice2go or RazorpayX run on more platforms?
Invoice2go runs on web, ios, android. RazorpayX runs on Web.
What is Invoice2go best used for?
Invoice2go is most often used for freelancers invoicing clients from a mobile device, small service businesses tracking estimates and projects, businesses wanting integrated card and ach payments, businesses syncing invoices with quickbooks or xero. Of those, freelancers invoicing clients from a mobile device and small service businesses tracking estimates and projects are not what RazorpayX is typically brought in for.
What can Invoice2go do that RazorpayX cannot?
Invoice2go covers Invoice creation and customization, Estimates and projects, In-app payments, Automated reminders. RazorpayX covers Current account, Payout API, Bulk payouts, Payout links. Both handle Accounting integrations.

Answered from the vendors’ own pages

Invoice2go: What does Invoice2go cost?

Invoice2go offers three tiers - Starter (30 invoices/year), Professional (100 invoices/year), and Premium (unlimited invoices) - distinguished by invoice volume and card processing fees from 3.5% down to 2.9%.

Source
RazorpayX: Is RazorpayX a bank?

No. The current account is provided by partner banks. RazorpayX supplies the interface, the payout automation and the payroll and compliance layer on top of it.

Invoice2go: Is there a free trial?

Yes, Invoice2go offers a 30-day free trial that requires a credit card but includes a 100% money-back guarantee if canceled within 30 days.

Source
RazorpayX: Can a company registered outside India use it?

No. It serves Indian registered entities, rupee accounts and Indian statutory requirements.

Invoice2go: Does Invoice2go integrate with accounting software?

Yes, the Professional and Premium plans include integration with QuickBooks and Xero.

Source
RazorpayX: Does the payroll module handle statutory compliance?

It calculates and supports the main statutory items, provident fund, employee state insurance, professional tax and income tax deduction, and assists with the periodic filings. Confirm the scope against your state specific obligations, since professional tax in particular varies.

RazorpayX: What happens to my payouts if there is a regulatory action against Razorpay?

That has happened before in the form of a restriction on onboarding new merchants. Existing customers continued, but the episode is the reason many businesses keep a bank relationship and a second payout route alive alongside it.

RazorpayX: Does it connect to accounting software?

It integrates with the Indian accounting tools most of its customers use, so payouts and payroll postings do not have to be rekeyed. Check your specific product rather than assuming, because coverage is narrower than for global ledgers.

RazorpayX: How is it priced?

A plan fee with included payout volumes, per transaction charges beyond that, and a per employee charge for payroll. Model your actual payout count rather than the plan headline, because that is where the cost lands.

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