Razorpay + Odoo Integration

Why it matters

India payments operate differently from global gateways — UPI dominates (USD 250B+ annual volume), settlement schedules vary by method, GST e-invoicing for refunds requires credit-note generation, and Razorpay's product family extends beyond pure payment processing. A production-grade Razorpay-Odoo integration handles all this natively, including the GST regulatory specifics that off-the-shelf connectors miss. Particularly valuable for D2C brands, e-commerce, SaaS, and education / training businesses where Razorpay's UPI conversion rates drive most of the revenue.

Features

• All India payment methods

  UPI (PhonePe, Google Pay, Paytm, BHIM, others), cards (Visa, MasterCard, RuPay, AmEx, Diners), Net Banking (all 100+ Indian banks), Wallets (Paytm, Mobikwik, Freecharge, etc.), EMI (cardless + card-based, plus Cred / ZestMoney later).

• Settlement reconciliation

  Razorpay's settlement schedules vary by method (T+1 for UPI, T+2 for most cards, T+3 for some). Integration parses settlement reports and reconciles to Odoo bank accounts (typically the receiving HDFC / ICICI / Yes Bank / Axis account).

• GST-aware refunds

  Refunds trigger Odoo credit notes with appropriate GST treatment. For B2B refunds above the GST e-invoicing threshold, IRN-stamped credit notes generated. For B2C, appropriate GST output-tax reversal posted.

• Razorpay Subscriptions

  Active subscriptions sync to Odoo Subscriptions module. Recurring billing aligned, prorations on plan changes, NACH / e-mandate handling for autopay.

• RazorpayX banking integration

  RazorpayX (Razorpay's banking product) for outbound payouts — supplier payments, refunds to non-Razorpay-captured customers, payroll disbursement, GST and TDS challan payments. All reconciled in Odoo.

• Multi-currency (international cards)

  Razorpay accepts international cards for INR-receiving merchants. FX handling for international payments captured in Odoo with appropriate INR-conversion + FX gain/loss accounting.

• RoutesPlus split-settlement

  Razorpay RoutesPlus (split-settlement for marketplaces) supported. Platform commission, vendor payouts, escrow handling all flow through Odoo with appropriate clearing-account accounting.

• Chargebacks + reverse holds

  Customer chargebacks and Razorpay reverse-hold scenarios (where Razorpay holds funds against suspected fraud) tracked in Odoo with appropriate provisional accounting.

• TDS handling (Section 194-O)

  Razorpay's TDS deductions under Section 194-O (1% TDS on e-commerce operator payouts above thresholds) tracked in Odoo for income tax reconciliation.

• Razorpay Capital integration

  For businesses using Razorpay Capital (working-capital advances based on Razorpay-processed revenue), the advance disbursements and repayments tracked in Odoo as loans + interest expense.

How it works

1. 1

   Discovery + Razorpay setup audit

   Audit Razorpay account: products in use (Payments, Subscriptions, RazorpayX, RoutesPlus, Capital), payment methods accepted, settlement schedule, transaction volume. Output: integration spec.

2. 2

   Razorpay + Odoo configuration

   Configure Razorpay webhooks. Configure Odoo's Razorpay connector with API keys, GST settings, GL mapping. Set up settlement-reconciliation rules per payment method.

3. 3

   Sandbox + UAT

   Test transactions in Razorpay test mode against Odoo staging. Validate GL postings, GST tracking, settlement reconciliation, refund flow. Finance team signs off.

4. 4

   Initial sync + production cutover

   Bulk-sync historical Razorpay transactions (last 6 months typical). Switch webhooks to production. Monitor first 7 days.

5. 5

   Ongoing maintenance

   Razorpay API updates tracked. RBI regulatory changes (UPI rules, NACH e-mandate rules, etc.) reflected in integration updates.

Deployment timeline

Standard Razorpay + Odoo integration: 2–4 weeks fixed-price (INR 1.5–3 lakh). With Razorpay Subscriptions + NACH e-mandate: 3–5 weeks (INR 2.5–5 lakh). With RoutesPlus marketplace: 5–7 weeks (INR 5–10 lakh). With RazorpayX banking: 3–5 weeks (INR 3–6 lakh).

Best for

India businesses using Razorpay at meaningful volume (INR 5 lakh+ monthly) with Odoo as the ERP. Particularly: D2C brands accepting UPI as the dominant payment method; SaaS companies using Razorpay Subscriptions for India customers; e-commerce on Shopify / WooCommerce + Razorpay; education / training platforms; marketplaces using RoutesPlus for split-settlement; businesses adopting RazorpayX for banking consolidation. Small Razorpay volumes (under INR 1 lakh/month) can use simpler CSV-import workflows.