After creating an account, you can start accepting payments from customers. However, the money is settled in your account only after your KYC is verified.
Copy the OTP sent to the email address provided during sign-up.
Enter the OTP and complete the verification process.
Test Mode
Once your account is created, you have access to the Test mode on the Dashboard. Test mode is used for testing purposes and does not involve actual money transactions. However, you would need to activate your account in order to accept live payments.
As part of the KYC verification, you need to submit information such as contact details, business overview, business details, and more. Know more about KYC documents to be submitted by different business types.
Follow these steps to complete KYC verification:
Review the details in the Contact Info tab. This displays your Contact Name, Contact Number and Contact Email. Click Save & Next.
In the Business Overview tab, enter the following details:
Business Type: Select the appropriate business type. For example, Proprietorship.
Business Category: Select the business category. For example, Ecommerce.
Sub Category: Select the business sub-category. For example, Book and Publications.
Business Description: Give a brief description of the nature of your business. Include examples of the products you sell, the business category you operate under, your customers, and the channels you primarily use to conduct your business(Website, offline retail, and so on). You must enter a minimum of 200 characters.
Average Order Value: Select the average order value range.
How do you wish to accept payments: Select whether you want to accept payments:
Without website/app: You can use our products such as Payment Pages to accept payments.
Handy Tips Select this option if you want to provide the website/app details later.
On my website/app: Enter your website/app URL. This is mandatory to generate Live Mode API keys.
Handy Tips Only a valid domain name URL can be whitelisted for accepting payments in the Live mode. We do not support IP as domain while whitelisting.
Click Save & Next.
In the Business Details tab, enter information regarding your business. The fields on this page will differ according to the business type selected.
Razorpay performs an initial KYC review. Upon successful review, two additional tabs appear on the left menu:
Bank Account
Documents Upload
In the Bank Details tab, fill in your bank account details such as Bank account number, Beneficiary name and IFSC. This will be the account to which Razorpay settles your funds.
In the Documents Verification tab, upload the PDF copies of the business documents. The fields on this page will differ according to the business type selected.
After completing the KYC form and uploading the required document, read through the Terms and Conditions. Select the check box on the page if you have read and agree with the terms and conditions, and click Submit.
Our team will review the information submitted by you. It takes approximately 3 days to complete the review process.