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Multiplier vs Razorpay: Which Payroll Software Is Better?


Disclosure: We may earn commissions if you shop through the links below.

Last Updated: May 22, 2025

Both Multiplier and Razorpay are leading payroll software solutions, but which one is better for you and your business?

Below we compare Multiplier and Razorpay across nearly 50 different data points to help you make find the right one.

 

Multiplier vs Razorpay Reviews

MultiplierRazorpay
Trustpilot Rating2.92.1
Number of Trustpilot Reviews2322
iPhone App Ratingnot available4
Number of iPhone App Reviewsnot available12
Android App Ratingnot available0
Number of Android App Reviewsnot available0

Multiplier vs Razorpay Pricing

MultiplierRazorpay
Free Trialn/aYes
Free Trial Lengthn/an/a
Cheapest Plan NameRun Global PayrollFree Plan
Cheapest Plan Cost Per Month$40$n/a
Mid Priced Plan NamePay Freelancersn/a
Mid Priced Plan Cost Per Month$40$n/a
Top Plan NameHire EmployeesPro Plan
Top Plan Cost Per Month$400$36.02

Multiplier vs Razorpay Features

FeaturesMultiplierRazorpay
Target Business SizeEnterpriseMid size business
Unlimited Payrolls✘✘
Automated Tax Filing & Payments✘✘
E-sign I-9 & W-4✘✘
Live Customer Support✘✘
Third-Party Integrations✘✔
Ability To Manage Employee Benefits✔✘
Employee Access To Platform✔✔
Direct Deposit✔✘
Expense Reimbursement✔✔
Time Off Accrual✔✘
Pre-Tax Deductions✔✘
Wage Garnishment✔✘
Background Checks✘✔
Check Printing✘✘
Check Delivery✘✘
API✘✔

Multiplier Run Global Payroll Features

  • Multi-country payroll
  • Multi-currency payments
  • ESOPs, Benefits and Insurance administration
  • Expense Management
  • Payroll Reports
  • 24/5 support from local HR and legal experts, no third-party delays

Razorpay Free Plan Features

  • Payroll Calculation
  • Payslip Generation
  • Direct Salary Payment
  • One-Time Adjustments
  • Salary Advance
  • Salary Register
  • Expense Management/Reimbursements
  • Contractor Payments
  • Compliance Calculation (PF, PT, TDS, ESI)
  • Custom Salary Structures
  • Email Notifications
  • Email Support

Multiplier Hire Employees Features

  • Instant Employment Contracts
  • Multi-country payroll
  • Multi-currency payments
  • ESOPs, Benefits and Insurance administration
  • Expense and Leave Management
  • 24/5 support from local HR and legal experts, no third-party delays
  • Employee Payslips

Razorpay Pro Plan Features

  • Payroll Calculation
  • Payslip Generation
  • Direct Salary Payment
  • One-Time Adjustments
  • Salary Advance
  • Salary Register
  • Expense Management/Reimbursements
  • Contractor Payments
  • Compliance Calculation (PF, PT, TDS, ESI)
  • Compliance Payment & Filing
  • Form 16 Generation ITR Filing
  • Custom Salary Structures
  • Backend Support for Bulk Onboarding for employees
  • Bulk Upload for Contractor Payments, One Time Payments, Salary Advances, Additions/Deductions, Employee Dismissals, Custom Salary Structures
  • Customizable Reports
  • Customizable Roles & Permissions
  • API & Webhooks
  • Third-party integrations (HRMS, Flexible Benefits, Health Insurance and more)
  • Investment Proof Verification
  • Flexible Benefits Setup and Payment
  • Health Insurance
  • Performance Management
  • Basic Attendance
  • Leaves
  • Bulk Attendance Upload
  • Biometric Attendance
  • Shifts
  • Timesheets
  • Email Notifications
  • Payslips on WhatsApp & Slack
  • Reimbursement Claims on WhatsApp & Slack
  • Salary Account
  • ITR Filing for Employees
  • Background Verification
  • Email Support
  • Chat Support

Multiplier vs Razorpay Pro & Cons

MultiplierRazorpay
Pros
  • Customer Service
  • User Interface
  • Onboarding
  • User Friendly
  • Comprehensive Solution
  • Payment Notification
  • Intuitive Dashboard
  • Various Payment Methods
  • Export of reports
Cons
  • Slow
  • Expensive
  • Need Improvements
  • Not User Friendly
  • Adjustment Issues
  • Customer support response time
  • Reduce flat payment gateway charges
  • Add more Wallet and EMI options

Other Payroll Software Comparisons

  • CheckMark Payroll vs Revelo
  • Square Payroll vs CheckMark Payroll
  • QuickBooks Payroll vs Zelt
  • Wave vs Xero Payroll
  • Online Paystub Generator vs Kashflow Payroll
  • Paymate vs Zelt
  • Microkeeper vs Checkwriters
  • Paychex vs Payfit
  • Revelo vs Plane
  • Paycom vs ThePayStubs

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