Wagepoint vs Razorpay: Which Payroll Software Is Better?

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

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

Wagepoint vs Razorpay Reviews

	Wagepoint	Razorpay
Trustpilot Rating	4.5	2.1
Number of Trustpilot Reviews	237	322
iPhone App Rating	0	4
Number of iPhone App Reviews	0	12
Android App Rating	0	0
Number of Android App Reviews	0	0

	Wagepoint	Razorpay
Free Trial	n/a	Yes
Free Trial Length	n/a	n/a
Cheapest Plan Name	Cost per payroll	Free Plan
Cheapest Plan Cost Per Month	$n/a	$n/a
Mid Priced Plan Name	n/a	n/a
Mid Priced Plan Cost Per Month	$n/a	$n/a
Top Plan Name	n/a	Pro Plan
Top Plan Cost Per Month	$n/a	$36.02

Features	Wagepoint	Razorpay
Target Business Size	Small business	Mid 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	✘	✔

Pay employees and contractors.
Direct deposit.
Online portal where employees can access paystubs and T4s.
Year-end T4/T4As and reporting.
No additional charges for money movement or remittance filing.
Federal and provincial/territorial income tax.
Employment Insurance/Québec Parental Insurance Plan (EI/QPIP) (employer and employee).
Canada Pension Plan/Québec Pension Plan (CPP/QPP) (employer and employee).
Monthly and accelerated remittance schedules.
Streamlined Record of Employment (ROE) submissions.
Comprehensive preset income and deduction codes.
Custom incomes and deductions.
Statutory holiday pay.
Workers’ Compensation (WCB/WSIB).
Employer Health Tax/Health Services Fund (EHT/HSF).
Built-in tips and guides.
Email processing reminders.
World-class support.
Multiple paygroups based on frequency.
Off-cycle payrolls.
Cloud-based software that can be accessed from anywhere.
2048-bit encryption using TLS 1.3 or 1.2.
Industry- and bank-grade processes.
Wagepoint staff are continuously trained on best practices.
Two-factor authentication for payroll administrators.
Client may also enable or disable employee access.
Posting journal.
Payroll register.
Payroll tax summary.
Deposit summary.
Workers’ Compensation (WCB/WSIB).

n/a

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

	Wagepoint	Razorpay
Pros	User-friendly setup Customer service Affordability	Payment Notification Intuitive Dashboard Various Payment Methods Export of reports
Cons	Limited accounting software integrations Poor PTO and time-tracking tools No HR tools or HCM-adjacent features No mobile payroll app	Customer support response time Reduce flat payment gateway charges Add more Wallet and EMI options