Accounting · head to head
MYOB vs RazorpayX
MYOB
Accounting
Australian accounting and business management software for small and mid-sized businesses
- From
- 12/year
- Rated
- -
RazorpayX
Accounting
Indian business banking layer for current accounts, automated payouts, vendor payments and payroll
- From
- On request
- Rated
- -
The short version
- Each has a real cost: MYOB every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months; 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.
- Prices and features above were last checked on 30 August 2026.
Where they differ
Only the attributes on which MYOB and RazorpayX actually diverge.
Identical on both: free tier (No), platforms (Web), 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 MYOB
Nothing recorded that RazorpayX does not also cover.
Only in RazorpayX
- Current account
- Payout API
- Bulk payouts
- Payout links
- Vendor payments
- Payroll
- Statutory filing support
- Corporate cards
What people use each for
The jobs each tool is most often brought in to do.
MYOB
- Tracking income and unlimited expenses for tax lodgementnot RazorpayX
- Processing payroll with automated superannuation contributionsnot RazorpayX
- Managing GST compliance and Business Activity Statement filingnot RazorpayX
- Reconciling bank transactions and monitoring cash flownot RazorpayX
RazorpayX
- An Indian marketplace settling thousands of seller payouts on a schedule that no bank portal can supportnot MYOB
- A startup running payroll for a growing team that needs provident fund, employee state insurance and tax deduction handled without an in house specialistnot MYOB
- A company paying many vendors monthly that needs tax deducted at source calculated and recorded against each paymentnot MYOB
- A product team that needs disbursements to happen from application code with webhook confirmation rather than from a treasury spreadsheetnot MYOB
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
MYOB
- Every published price is promotional and reverts to a higher regular rate after an introductory period, for example Business Pro rises from AUD 21/month to AUD 70/month after 6 months
- Adding payroll employees beyond the included allowance costs an extra AUD 3/month per additional employee on top of the plan price
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
MYOB
12/year- Solo by MYOB$99/year
- First year $12 (70% off)
- Business Lite$315/year
- First year $94.50 (70% off)
- Payroll $3/month per employee max 2
- Business Pro$70/month
- First 6 months $21 (70% off)
- Unlimited payroll employees
- 14-day free trial
- Business AccountRight Plus$165/month
- First 3 months $66 (60% off)
- Unlimited payroll
- 14-day free trial
RazorpayX
On requestNo published plan breakdown. See the RazorpayX review.
Which should you pick?
Choose MYOB if
Nothing in the data separates MYOB from RazorpayX on the points above - pick on price and on how each one feels to use.
Questions people ask
- Is MYOB or RazorpayX better?
- Neither clearly leads. MYOB starts at 12/year and RazorpayX at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, MYOB or RazorpayX?
- MYOB starts at 12/year and RazorpayX at On request.
- Does MYOB or RazorpayX run on more platforms?
- Both run on Web, so platform support will not decide this one for you.
- What is MYOB best used for?
- MYOB is most often used for tracking income and unlimited expenses for tax lodgement, processing payroll with automated superannuation contributions, managing gst compliance and business activity statement filing, reconciling bank transactions and monitoring cash flow. Of those, tracking income and unlimited expenses for tax lodgement and processing payroll with automated superannuation contributions are not what RazorpayX is typically brought in for.
- What can MYOB do that RazorpayX cannot?
- RazorpayX covers Current account, Payout API, Bulk payouts, Payout links.
Answered from the vendors’ own pages
MYOB: How much does MYOB cost?
MYOB pricing starts at $12 AUD per year (first year only) for Solo, with plans ranging to $165 AUD per month for AccountRight Plus after introductory periods expire.
SourceRazorpayX: 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.
MYOB: What is MYOB's introductory pricing?
MYOB offers 60-70% off introductory pricing for the first 3-12 months depending on plan selection, after which regular pricing applies with no lock-in contracts.
SourceRazorpayX: Can a company registered outside India use it?
No. It serves Indian registered entities, rupee accounts and Indian statutory requirements.
MYOB: Does MYOB include payroll pricing?
Payroll starts at $3/month per employee (limited on lower tiers) and is included unlimited on Business Pro and AccountRight Plus plans.
SourceRazorpayX: 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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