FastFee vs RocketPay — Ready Software vs Developer API
Both support UPI AutoPay (eNACH). The difference: RocketPay is APIs your developers integrate. FastFee is software your operations team uses today.
The fundamental difference: software vs API
- Log in → add payers → create UPI AutoPay mandate → done
- WhatsApp reminders go out automatically
- Overdue accounts appear in DPD buckets
- PTP tracking for recovery agents
- No developer, no API key, no integration
- Same-day go-live for any institute
- Get API keys → read documentation → write integration code
- Build your own mandate UI and collection flow
- Build your own reminder and escalation logic
- Build your own dashboard and reporting
- Requires developer time and maintenance
- 48h go-live = 48h of engineering work
Feature-by-feature comparison
| Feature | FastFee | RocketPay |
|---|---|---|
| Type | Ready-to-use SaaS software | Developer API / infrastructure |
| Who uses it | Institute staff, operations teams, collection managers | Engineering teams at NBFCs, lenders, fintechs |
| Setup time | Same-day — no code required | 48h+ for API integration by a developer |
| UPI AutoPay (eNACH) | ✅ Built-in mandate setup | ✅ API to build your own mandate setup |
| WhatsApp reminders | ✅ Built-in, automated | ❌ Must build separately |
| PTP tracking | ✅ Promise-to-Pay workflow | ❌ Not included |
| DPD aging buckets | ✅ 0-30, 31-60, 61-90, 90+ | ❌ Not included |
| Sector coverage | 400+ categories (education, NBFC, gym, clinic, distributor, rent) | NBFCs and lenders only |
| Dashboard | ✅ Real-time collections dashboard | ❌ API only — build your own |
| Offline payments | ✅ Manual recording supported | ❌ Digital mandates only |
| Tally integration | ❌ No Tally plugin | ✅ Tally plugin available |
| Pricing model | Flat monthly subscription | Per-mandate / per-transaction API pricing |
| Per-transaction % | ❌ No percentage cut | ✅ Transaction-based pricing |
| Best for | Any institute or business wanting auto-collect without building software | Engineering teams building collection infra into their own platform |
Who should choose which?
FastFee vs RocketPay — Frequently Asked Questions
What is the difference between FastFee and RocketPay?
FastFee is a ready-to-use fee and receivables collection software — install, set up in a day, and start collecting. RocketPay is a developer API that lets engineering teams integrate eNACH and UPI AutoPay mandate creation into their own applications. FastFee is for operations teams; RocketPay is for developers.
Does RocketPay require a developer to set up?
Yes. RocketPay provides APIs that must be integrated into an existing platform or application by an engineering team. The company claims 48-hour go-live, but that is 48 hours of developer integration work, not 48 hours from sign-up to first collection for a non-technical team.
Does FastFee have UPI AutoPay like RocketPay?
Yes. FastFee supports UPI AutoPay (eNACH mandate-based recurring debit) as a built-in feature — no API integration required. An institute admin creates a mandate for a payer, and fees are auto-debited on the due date. RocketPay provides the same capability as an API that requires engineering work to deploy.
Can an institute use RocketPay directly?
Not without developer help. RocketPay targets regulated lenders and NBFCs with in-house engineering teams. A coaching centre, school, or small business cannot go live on RocketPay without building or customising a system around its APIs. FastFee is the plug-and-play alternative with the same UPI AutoPay functionality.
Which is better for a school or coaching centre — FastFee or RocketPay?
FastFee is the clear choice for schools and coaching centres. It requires no coding, works on the same day, has a built-in dashboard, and includes WhatsApp reminders, PTP tracking, and DPD aging. RocketPay is not designed for institute operations teams.
Which is better for an NBFC — FastFee or RocketPay?
It depends on technical capacity. NBFCs with an engineering team may use RocketPay APIs to build custom collection flows into their existing LOS or CRM. NBFCs without an engineering team, or those wanting a faster go-live, should use FastFee — it has DPD aging buckets, PTP tracking, and eNACH-based AutoPay built in.
What does RocketPay charge per mandate?
RocketPay's pricing is transaction-based and is not publicly listed — contact them for current API rates. FastFee charges a flat monthly subscription regardless of the number of mandates created or payments collected.
UPI AutoPay collection — no developer needed.
FastFee gives you eNACH mandate-based auto-debit, WhatsApp reminders, PTP tracking, and DPD buckets — same-day setup, flat subscription.
Start with FastFee →