I have found a solution to not hearing any sounds from ripsaw hd capturing device. Follow this guide and I think it will solve the problem, at least it did for me.

https://comkri.weebly.com/blog/how-to-set-up-razer-ripsaw-hd-audio-pc-to-pc-the-right-way

Hope it helps some people, feeling kinda stupid after I got it working. Oh well.