Hacker News Reader

I don't think either of them support recurring subscriptions like Paypal or 2checkout

The problem with recurring billing in India is that it doesn't work at all with the RBI 2 factor guidelines. We do have Standing Instructions, but they are harder to support for SaaS companies.

If you rely on a service like PayPal/2Checkout, you face other issues:

1. Only international credit cards work. Indian market is heavily biased towards Debit Cards as of now 2. your money is processed internationally, which has it's own share of issues.

Disclaimer: I work at Razorpay

This is fine for my use since I have a SaaS startup and most of our customers are from US/UK only. I think less than 2% of our customers are from India right now and they were able to pay with 2checkout with automatic recurring billing (without requiring otp).

The RBI regulation is for companies incorporated in India only. This is one of the reason why Indian startups incorporate out of the US, Singapore etc.

Reply on news.ycombinator.com