Cashfree Payments vs PhonePe
What you actually receive from each payment, method by method, using each app’s published online rates with GST on fees. We order nothing by brand: the only measure is the amount that lands in your account.
Of the 6 methods both publish, on a ₹10,000 payment Cashfree Payments leaves you more on 5 and PhonePe on 1. Your mix of methods decides which costs less overall.
| Method | Customer pays | Cashfree Payments gives you | PhonePe gives you |
|---|---|---|---|
| UPI (bank account)Cashfree Payments: 1.95% + 18% GSTPhonePe: from 1.99% + 18% GST | ₹1,000 | ₹976.99More for you | ₹976.52 |
| ₹10,000 | ₹9,769.90More for you | ₹9,765.18 | |
| ₹1,00,000 | ₹97,699.00More for you | ₹97,651.80 | |
| UPI via RuPay credit cardCashfree Payments: 2.15% + 18% GSTPhonePe: Not published | ₹1,000 | ₹974.63 | Not published |
| ₹10,000 | ₹9,746.30 | Not published | |
| ₹1,00,000 | ₹97,463.00 | Not published | |
| Debit cardCashfree Payments: 1.95% + 18% GSTPhonePe: from 1.99% + 18% GST | ₹1,000 | ₹976.99More for you | ₹976.52 |
| ₹10,000 | ₹9,769.90More for you | ₹9,765.18 | |
| ₹1,00,000 | ₹97,699.00More for you | ₹97,651.80 | |
| RuPay debit cardCashfree Payments: 1.95% + 18% GSTPhonePe: Not offered | ₹1,000 | ₹976.99 | Not offered |
| ₹10,000 | ₹9,769.90 | Not offered | |
| ₹1,00,000 | ₹97,699.00 | Not offered | |
| Credit cardCashfree Payments: 1.95% + 18% GSTPhonePe: from 1.99% + 18% GST | ₹1,000 | ₹976.99More for you | ₹976.52 |
| ₹10,000 | ₹9,769.90More for you | ₹9,765.18 | |
| ₹1,00,000 | ₹97,699.00More for you | ₹97,651.80 | |
| Corporate credit cardCashfree Payments: Not publishedPhonePe: Not offered | ₹1,000 | Not published | Not offered |
| ₹10,000 | Not published | Not offered | |
| ₹1,00,000 | Not published | Not offered | |
| AmexCashfree Payments: Not publishedPhonePe: Not published | ₹1,000 | Not published | Not published |
| ₹10,000 | Not published | Not published | |
| ₹1,00,000 | Not published | Not published | |
| Net bankingCashfree Payments: 1.95% + 18% GSTPhonePe: from 1.99% + 18% GST | ₹1,000 | ₹976.99More for you | ₹976.52 |
| ₹10,000 | ₹9,769.90More for you | ₹9,765.18 | |
| ₹1,00,000 | ₹97,699.00More for you | ₹97,651.80 | |
| WalletsCashfree Payments: 1.95% + 18% GSTPhonePe: from 1.99% + 18% GST | ₹1,000 | ₹976.99More for you | ₹976.52 |
| ₹10,000 | ₹9,769.90More for you | ₹9,765.18 | |
| ₹1,00,000 | ₹97,699.00More for you | ₹97,651.80 | |
| Pay laterCashfree Payments: 2.2% + 18% GSTPhonePe: Not offered | ₹1,000 | ₹974.04 | Not offered |
| ₹10,000 | ₹9,740.40 | Not offered | |
| ₹1,00,000 | ₹97,404.00 | Not offered | |
| EMICashfree Payments: 2.2% + 18% GSTPhonePe: Not offered | ₹1,000 | ₹974.04 | Not offered |
| ₹10,000 | ₹9,740.40 | Not offered | |
| ₹1,00,000 | ₹97,404.00 | Not offered | |
| Bank transferCashfree Payments: from ₹20 + 18% GSTPhonePe: Not offered | ₹1,000 | ₹976.40 | Not offered |
| ₹10,000 | ₹9,976.40 | Not offered | |
| ₹1,00,000 | ₹99,976.40 | Not offered | |
| InternationalCashfree Payments: 2.99% + 18% GSTPhonePe: from 1.99% + 18% GST | ₹1,000 | ₹964.72 | ₹976.52More for you |
| ₹10,000 | ₹9,647.18 | ₹9,765.18More for you | |
| ₹1,00,000 | ₹96,471.80 | ₹97,651.80More for you |
Compare with your monthly mix
Published rates, last checked 26 Oct 2026. Offers for new sign-ups aren’t included.
Fees include GST on the fee only. Figures are estimates from each app’s published pricing; your contract or dashboard has the final word. Clarifee isn’t affiliated with or paid by either company.
Cashfree Payments vs PhonePe: questions people ask
Which is cheaper, Cashfree Payments or PhonePe?
- Of the 6 methods both publish, on a ₹10,000 payment Cashfree Payments leaves you more on 5 and PhonePe on 1. Cashfree Payments leaves you more on UPI, debit cards, credit cards, net banking and 1 more; PhonePe on international payments. Which costs less overall depends on how your customers pay, so compare the methods you use most. All amounts use each app’s published rates and include GST on the fee.
Is Cashfree Payments or PhonePe cheaper for UPI payments?
- On a ₹10,000 UPI payment, Cashfree Payments leaves you ₹9,769.90 and PhonePe leaves you ₹9,765.18. Cashfree Payments leaves you ₹4.72 more. Cashfree Payments’ fee: 1.95% + 18% GST. PhonePe’s fee: from 1.99% + 18% GST. PhonePe’s published rate is a starting rate, so the actual fee may be higher.
Is Cashfree Payments or PhonePe cheaper for credit card payments?
- On a ₹10,000 credit card payment, Cashfree Payments leaves you ₹9,769.90 and PhonePe leaves you ₹9,765.18. Cashfree Payments leaves you ₹4.72 more. Cashfree Payments’ fee: 1.95% + 18% GST. PhonePe’s fee: from 1.99% + 18% GST. PhonePe’s published rate is a starting rate, so the actual fee may be higher.
Is Cashfree Payments or PhonePe cheaper for debit card payments?
- On a ₹10,000 debit card payment, Cashfree Payments leaves you ₹9,769.90 and PhonePe leaves you ₹9,765.18. Cashfree Payments leaves you ₹4.72 more. Cashfree Payments’ fee: 1.95% + 18% GST. PhonePe’s fee: from 1.99% + 18% GST. PhonePe’s published rate is a starting rate, so the actual fee may be higher.
Which settles faster, Cashfree Payments or PhonePe?
- For UPI payments, Cashfree Payments settles in 1–2 working days (T+1 to T+2) and PhonePe settles in 1 working day (T+1). Both count working days.
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