Accept Online Payments – PayU Blog

Checkout For Bharat: An Effortless Way To Expand Your Business Reach Across India

Dhruv — Tue, 25 Jan 2022 10:54:16 +0000

India is a country that is one of the most potential markets across the globe for any brand or business. But there’s a digital divide among the urban and rural parts of India. With the Digital India initiative bridging this divide, new technology adoptions like 5G, Wi-Fi, and fiber optics will increase internet users in rural as well as tier 2 and tier 3 cities of India. Due to this, it is expected to have 500 million online shoppers by 2030. (Source: livemint). That’s a big number for any brand or business, no?

But scaling and growing a business in India isn’t easy at all. It is because India has a diverse population. If we go by the stats from the census report of 2011, out of 121 crores, over 100 crore people speak 30+ languages in nearly 1600 dialects. Hindi is a widely spoken language in India followed by English. It is also seen that around 43.63% of Indians speak Hindi as their first language. It is spoken in 50+ dialects. Rural parts of India are dominated by local languages and dialects. Leveraging the Digital India initiative, 9 out of every 10 users prefer to consume content in their native language only (Source: Google).

So, do you think relying only on English for business communications to customers in India is enough? Definitely not! That’s why PayU has launched a vernacular payment checkout solution – Checkout for Bharat. A customized solution for businesses like yours that will help you penetrate rural areas along with tier 2 and tier 3 cities. It will also help in breaking the language barrier between the customer and your business. Let’s find out how?

What is Checkout for Bharat?

It is a personalized payment solution for businesses like yours to offer vernacular checkout to customers in their native language. To start with, PayU is going live with Hindi language and in the upcoming months, Checkout for Bharat will be available in other native languages like Bengali, Marathi, Telugu, Tamil, Gujarati, and Kannada.

Users will always have the option to switch between the languages anytime they want. Their preferred language will be saved for the next time they come again to make payments. With Checkout for Bharat, the customers will have an option to choose one preferred language. Our advanced APIs will detect the preferred user’s language on the web or mobile and offer the checkout page in that language. Even, the error codes and pages will be rendered in their preferred languages only.

Is Checkout for Bharat the Right Fit for Your Business?

Checkout for Bharat is beneficial for businesses:

Having or aspiring to have a customer base which is largely rural, tier 2 and, tier 3 Indian population.
Having their websites in vernacular languages and looking to build a checkout experience that enhances their customers’ payment experience.

Why Do You Need Checkout for Bharat?

Customers these days love a personalized solution that’s only built for them. Then, why should the checkout page be in English when you can offer it in their native language?

With Checkout for Bharat, PayU enables businesses:

To provide an indigenous experience to their customers
To reduce poor experience for native language speakers and customer drop-off rates significantly.

If you have a business presence in rural, tier 2, and tier 3 cities already or you are finding ways to tap into these geographies, Checkout for Bharat is the ideal solution for you!

What Makes Checkout for Bharat a Choice for All Businesses

Government Entities

The government entities such as railways, tax, and municipal corporations have to cater to customers from all parts of India. Giving a personalized checkout experience in their customers’ native languages would help them achieve enhanced customer satisfaction in their payment journey.

Insurance, Telecom, OTT and EdTech

Companies that fall into these categories usually have recurring billing cycles. Implementing PayU’s vernacular checkout experience for their customers would benefit them. They can easily tap into the audience in tier 2 and 3 cities of India including the rural segment.

Online Gaming Platforms

Online gaming platforms have a varied customer base from all parts of India. With Checkout for Bharat, growing a business would become quite simple. They can offer a better user experience and achieve high retention rates effortlessly.

E-commerce

Checkout for Bharat can do wonders for SMBs and e-commerce giants having heavy penetration in tier 2 and tier 3 cities. It can also help businesses planning to tap into these untapped geographies.

With a vernacular payment experience, they will get an edge over their competitors by offering a checkout experience in their customers’ preferred language. Establishing a better connect with their customers would become no big deal.

Conclusion

Going vernacular strikes the right chords in many ways. It is certainly a delight for any native language speaker/reader. So, capturing the regional nuances would open up new avenues for any business and enhance the chances to be with you.

So why wait, take the plunge right now and have an edge over your competitors right away!

Get Started Now

The post Checkout For Bharat: An Effortless Way To Expand Your Business Reach Across India appeared first on PayU Blog.

How Are Digital Payments Revolutionizing Money In India?

Dhruv — Tue, 04 Jan 2022 12:15:06 +0000

The world has become increasingly connected through various digital platforms. Due to the advancement of technology and the internet, there have been several advancements in making payments. Worldwide financial technology or fintech businesses provide these highly secure services. There are multiple digital payment startups in India, such as the PayU Payment Gateway. The majority of these startups and companies cover all of the various ways of making these money transfers.

Following demonetization and the ensuing problems with cash payments, the government made digital payments in India a priority. The Indian government has taken several steps to promote and support digital payments systems in India. The government has set a goal for the ‘Digital India’ initiative to establish a ‘digitally empowered’ ecosystem: ‘ Faceless, Paperless, Cashless.’

What are Digital Payments?

Digital payments are transactions made via online modes without any physical exchange of money. This means that both parties, the payer and the payee, use electronic mediums to exchange money.

The fast adoption of mobile devices and the rise of e-commerce are not the only factors driving digital payment rise. The following factors also have encouraged the expansion of these payment systems:

Traditional payment procedures are much more streamlined today.
More new entrants and competitors.
Expectations and Preferences of consumers are constantly evolving.
Rules, Regulations, and Legal frameworks.
Innovations that are both competitive as well as collaborative.
Newer payment methods have emerged as a result of technological advances and the adoption of existing ones.

Why are Digital Payments Important?

Establishing financial parity always remains critical in a nation like India, where inequalities are sometimes fundamentally opposed. One of the main reasons our government started talking more and more about Cashless Economy and Digital India was to make financial resources more accessible to every citizen possible.

Depending on the platform you choose, digital payments are done by transferring money from the user’s account to your corporate bank account via the internet secure bank network. When you receive payment, the money is immediately sent to your corporate account. This makes the overall online payment procedure very simple and trustworthy. The following factors justify the increasing need for digital payments:

Cash has become almost obsolete, mainly following the COVID-19 pandemic. Thus, sellers and buyers are looking for secure and convenient payment options.
Any company or individual from anywhere in the world can use digital payment methods.
You can make online payments more quickly than cash.
Compared to the traditional payment methods, digital payments are safer, simpler to process, and far less costly in the long term.

What are the Different Methods of Digital Payments?

Here are some of the most common digital payment technologies in India that might help you save time and manage your money transfers:

Banking Cards

Banking cards, like debit and credit cards, are the earliest digital payment methods available in India. It had a significant impact on the payment system. This change was necessary for the long run to allow for a cashless or digital economy.

Mobile Banking

Mobile banking refers to the use of e-banking services such as NEFT, RTGS, IMPS transactions to transmit money around the world utilizing your online banking platform. Most leading banks are working on interactive internet banking platforms to make online banking transactions increasingly common than they are now.

Mobile Wallets

A payment wallet comes with a lot of digital payments software. This wallet is a digital wallet that holds your money instead of your bank account in an incredibly simple interface, allowing users to conduct financial transactions straight from the application wallet.

Unified Payments Interface (UPI)

UPI is among the most widely used digital payment systems currently. Numerous simple and user-friendly smartphone applications enable users to transact directly from their bank account in seconds using the KYC verification completed during their account setup process.

Unstructured Supplementary Service Data (USSD)

USSD is a digitized form of payment that does not need the internet. It is the most convenient as you can do it by calling a standard code immediately from a genuine and validated phone network.

What are the Benefits of Digital Payments?

Users, businesses, governments, and global development entities all benefit from digital payments. The following are some of the advantages of turning digital:

Key benefits of digital payments

To promote financial inclusion, increase access to various financial services, such as savings, credit, and insurance.
Inclusive growth enables a more optimal income movement by allowing the economically disadvantaged to contribute to the economy.
Higher effectiveness and responsiveness result in cost savings.
Women’s economic engagement has gone north on the charts by giving them more control over their finances and additional options.
Safety and Transparency is much better these days as increasing and rapid tracking and accountability reduces fraud and theft.

PayU As Your Digital Payments Partner

PayU gives users simple, safe, and secure payment solutions with no need for coding and downtime. It even gives you access to digital payments application descriptions and also full-time integration support for the same. It enables users, individuals, freelancers, businesses as well as organizations to:

Create their online presence.
Accept online payments on the website, mobile app, and more.
Collect payments via professional invoices, blogs, web pages, QR codes, excel sheets, among others.
Pay their vendors, employees, and customers even on bank holidays with real-time updates.

Conclusion

The days of people relying on traditional payment methods like cash and cheques are pretty much gone. Computers and mobile phones have transformed the way we live and work and manage our finances and transactions. The emergence of modern services, such as e-commerce, has resulted in a desire for faster payment methods due to the constantly changing and expanding technologies.

The post How Are Digital Payments Revolutionizing Money In India? appeared first on PayU Blog.

PayU ePOS: The Smartest Way to Accept Customer Payments from your Smartphone

Megha Laroia — Wed, 20 May 2020 09:05:28 +0000

As the COVID-19 outbreak continues to unfold, it has changed the way consumers behave and what they expect. However, one thing is clear: businesses, especially retailers, will have to settle into the new normal and make changes to cater to the changing behavior of their customers. It is imperative for them to look for cost-effective ways to run their businesses efficiently and start accepting payments digitally.

Need of the Hour: Contactless Payments Acceptance via PayU ePOS

As people practice social distancing, they have started opting for digital modes for transactions such as UPI or QR, limiting the use of cash. The PayU ePOS will enable you to accept contactless payments via multiple modes. Therefore, whether your business is online or offline, big or small, you can accept customer payments easily with the PayU ePOS.

We understand that during such an unprecedented crisis, every business owner is constantly looking for opportunities to increase sales, improve cash flow, and save some money. This is where the role of a product like PayU ePOS comes into play.

How can you Collect Payments Instantly using PayU ePOS?

There are two ways through which you can collect online payments via PayU ePOS:

Create Your unique QR, share it with your customers or let them scan and make instant payments
Create & share payment links with your customers via email, SMS, or WhatsApp and get paid in minutes. Your customers can pay you at ease from the comfort of their home

Now, let’s have a look at some of the other benefits of using PayU ePOS.

Why you Need PayU ePOS for your Business!

100% contactless, convenient, and secure for your in-store purchases and doorstep deliveries – These are all that your customers look for when they purchase your service or product. As mentioned above, as more and more people practice social distancing, PayU ePOS enables merchants to collect payments through multiple contactless modes. Also, many are often concerned about the security of their data. PayU is PCI-DSS compliant and your customer’s data is safe with us. Therefore, PayU EPOS will help you retain the trust of your customers
100+ payment options – Today’s customer value convenience and with PayU ePOS, customers can pay the way they want. The online payment modes include Credit/Debit Cards, UPI, e-wallets and more
Offer EMI to your Customers- Another feature that can provide convenience to your customers is giving them the flexibility to pay over time. With PayU ePOS, you will be able to offer the option of paying via EMIs to your customers
Get money directly in your bank account – The payments made via ePOS will be directly transferred to your bank account, helping you save time and increase efficiency
Powerful dashboard – You can track your business performance on-the-go and make smarter decisions
Zero Setup Charges & No Annual Maintenance Charges – Unlike your physical POS machines which have fixed annual changes, PayU ePOS is totally free

Use cases of PayU ePOS:

Retailers – Whether you own a general store, electronic store, or any other retail outlet, you can provide your customer with seamless and contactless payment experience with PayU ePOS. You can share the QR code or payment links with your customers and they can make the payment via their preferred mode – all in a matter of seconds. Also, if you are offering delivery services, you can accept payments on your customers’ doorstep too
Freelancers – Freelancing, these days, is a great way to earn big while working from the comfort of your home. However, unfortunately, freelancers often deal with the problem of late payments or even no payments. With PayU ePOS, you can collect payments easily. Creating PayU payment links does not require any technical knowledge or experience. You can do it in a few steps
Home Entrepreneurs – There has been a rise in home entrepreneurs in the last few years. You must have seen people selling their products/services on social media platforms or via WhatsApp groups. If you are too a home entrepreneur, you can use PayU ePOS to increase your sales. You can send payment links to your customers along with the product and they can click and proceed to pay if they like it
Tutors/CAs – There are a lot of teachers who either take online classes or provide home tuitions. Similarly, there are CAs that provide services to people. They can easily collect payments through PayU ePOS by sharing payment links with their guardians/students and clients respectively

Conclusion

Whether your business is online or not, we know that a lot of energy is invested in getting customers to the point of payment. Therefore, we keep trying and innovating products to simplify the process of accepting payments for you!

PayU ePOS can be invaluable for your business as you and your customers will be able to process transactions quickly and easily. Want to get started?

The post PayU ePOS: The Smartest Way to Accept Customer Payments from your Smartphone appeared first on PayU Blog.

Guide to Choose the Best Online Payment Solution for Your Business

Megha Laroia — Fri, 17 May 2019 22:27:12 +0000

With the number of online shoppers increasing day by day, it makes sense to offer your customers a secure, easy-to-use and quick online payment solution.

According to data, there are currently 147.8 million eCommerce users in India, and we can expect this number to grow to over 358 million by 2020. However, the data also reveals that around 70% of the customers abandon the shopping cart, right at the checkout phase, which leads to losses in business.

Therefore, the payment solution that you choose should have multiple features such as a variety of payment methods during checkout, an easy-to-use customer interface and high success rates, for more conversions.

Here are a few key pointers to consider when selecting an online payment solution for your business:

1. More than Just a Payment Gateway

If you are building your business, you should choose a payment solution that offers customized products and fulfil all your payment collection needs. For instance, if you have a website, there should be an option of integrating a payment gateway; if you don’t have a website, it should offer payment links for collecting payments and more.

PayUmoney offers a variety of other products that could help you in managing your payments better!

Web Checkout – You have done enough hard work to make people come to your landing page and add items to their cart. And you would surely not want to lose them with a badly-designed or confusing checkout page. We provide a completely redirection-less checkout for website and mobile-web through PayUmoney Bolt. The payment page opens as a pop up on the website itself, and the customer never leaves your website, leading to higher success rates and increased sales.

Click here to know more about PayUmoney’s Bolt Web Checkout

Plug n Play SDK – If you are a growing business but so not have a website, a payment gateway for your mobile app works the best for you to collect online payments. The PayUmoney SDK allows you to accept payments on your android or ios mobile applications. You can integrate SDK easily in your app with the customized pre-designed screen and start collecting your payments through multiple payment options, in minutes!

Want a SDK for your business app? Click here.

Platform Plugins – Would it not be amazing if your website is built on an ecommerce platform? You will get an opportunity to accept payments through them! With PayUmoney Platform Plugins, you get ready-to-use payment gateways for popular ecoomerce platforms such as Shopify, Woocommerce, Magento, OpenCart and many more. And adding these plugins is as simple as ever.

Click on the image to watch a 2-minute video on how to integrate the Platform Plugins:

Payment Links– If you want to collect payments from your customers from anywhere but do not want to get in the process of installing payment gateways, Payment Links are the best option for you. Send the PayUmoney Payment Links to your customers via Whatsapp, Email, Social Media or any other application and request for payment.

Click here if interested in accepting payments directly into your bank account via payment links.

Excel Plugin – If you use Excel for your business extensively, you can might just use it for collecting payments too! PayUmoney Payments Plugin For MS Excel lets you accept and manage payments right from your excel sheet. With PayUmoney’s Excel plugin, you will be able to send multiple payment links at one go.

Know more about the features of and how to integrate PayUmoney Excel Plugin here.

Payment Buttons – If you have a business with limited products and fixed prices or you are an NGO that want to receive donations through your website, payment buttons could be the ideal choice for you to collect payments. To integrate a PayUmoney Button, all you need to do is place the “Payment Button” on your website or blog by pasting a HTML code and start receiving payments in no time!

Watch this video to know How To Create PayUmoney Payment Button.

Aggregator Solution – If you’re building a business that connects buyers and sellers, you can use the PayUmoney aggregator solution to get your sellers paid. Aggregator solution allows multiple settlements against a single authorised transaction.

2. Easy Sign-Up & Quick Onboarding

A heavy sign up and onboarding process remains a pain point for many in the online payments industry. Going through the tasks of providing all the documents in person, waiting for approvals for months and following up with payment solutions team can take a toll on your business.

While the sign up is done in 2 east steps at PayUmoney, we are glad to share that our onboarding process in 100% online and hassle-free. While you upload soft copies of all your documents from your PayUmoney dashboard, you will keep receiving emails conforming the status of your application.

Learn more about Document Checklist for Payment Gateway through this post.

3. Higher Success Rates

It is essential to check and compare the success rates of various online payment processors. Always check if the online payment solution you choose has all payment modes. Higher number of payment options, ease of checkout, lead to higher success rates.

PayUmoney is badged with the best transaction success rates in the industry so far.

4. Low Charges

Paying for every transaction is not a small cost, when you are running your own business! Therefore, you should always compare the setup fees, transaction charges and ask if there are any hidden charges from various payment solution companies. At PayUmoney, we make sure that the price we offer to the merchants for carrying out transactions are best in the industry, and legal.

There is zero setup charges or Annual Maintenance Charges (AMC).We charge 2% + GST on every transaction.

For American Express & Diners Cards, transaction fees is 3% + GST for international transactions.

5. All Payment Options

It is always better to give maximum payment mode options to your customers so that the chances of drop offs reduce. The more payment options you give, the more convenient it will be for the customer, thus impacting your conversions. PayUmoney supports various payment modes such as:

Credit/Debit Card
Net banking
UPI
EMI
E-Wallets
Tez
LazyPay

6.Offers International Payments + EMI Options

To grow your business globally, you should implement a payment solution that accept payments in different currencies. PayU offers international payments acceptance to our merchants in partnership with leading banks, in 30 currencies.

Here is a step-by-step guide on how to Accept International Payments with PayUmoney.

EMI Option

There are a lot of people who find it easier to pay through EMIs (Equated Monthly Installments). PayUmoney has partnered with various banks to provide this option to your customers, while they are on the checkout page. If you want to add EMI as a payment option for your customers on the checkout page, reach out to us here.

7. Seamless Checkout Experience

Customers these days expect everything to happen in a click. If you have your checkout process optimized, you might end up getting more traffic, making more purchases. An easy-to-use checkout interface makes shopping easier for them. PayUmoney has developed many additional features to make sure that your customers do not face any difficulty while checking out, either through web or mobile.

Saved Cards – PayUmoney gives your customers an option of saving their card details at the time of their transactions, so that they do not have to fill in the details every time.

Success rates for transactions through saved cards are 8-12% higher than other transactions.

Nitro Feature– By integrating Nitro Flow, we save your customers from the pain of remembering and entering login credentials, every time they make an online payment. They can quickly access their Saved Cards with PayUmoney and make payments.

Our merchants have seen a growth of 6-7% in success rates, using Nitro.

Easy Retry Option – In case your customer drops off during checkout process due to some technical or network error, he will not have to fill his details again. The customer can retry seamlessly by starting from where they had left.

Payment Mode Intelligence – PayUMoney uses a proprietary algorithm that displays the most preferred option of payment to your consumers, thus providing a frictionless and fast checkout experience.

Read on to know more about PayUmoney Web Checkout: Completely Redirection-Less Checkout For Website and Mobile-Web

8. Highly Secure

With an increase in businesses using online payment solutions, there is also a fear of cyber fraud. You must have heard in news of hackers aiming to get card details of the customers via hacking sites. However, one of the key goals of PayUmoney is to secure general as well as financial information of its users. The following pointers make PayUmoney a totally secure payment processor:

It is a PCI-DSS compliant, which means PayUmoney adheres to all the security standards and practices recommended by the Payments Card Industry.
Also, there is always a two-factor authentication during checkouts. First, the customer must enter the CVV and secondly, enter the OTP sent on his registered mobile number.

9. Powerful Dashboard for Tracking

The online payment solution that you use should not only have payment accepting options but also provide you with the convenience of tracking and managing online transactions.

The PayUmoney dashboard enables you to view all your transactions in a systematic form. Also, you will be able to keep a tab on your cashflow – how much money is being credited, how much debited (refund), reconcile payments and send payment links to your customers.

Read more about various filters and features of The All New PayUmoney Dashboard

10. Optimized for All Devices

The payment/checkout page of your business must be optimized to adapt to any device such as desktop, mobile, or tablet to provide better payment experience to the customers.

PayUmoney’s checkout page is highly optimized & responsive for any device be it smartphones, tablets, desktop or laptops. Thus, your consumer experiences a seamless payment checkout, irrespective of the device or browser.

Also, PayUmoney has a Mobile Only Checkout feature that allows consumers to checkout through mobile easily. The consumer will not be required to enter his email address during checkout, if he has done that before on web checkouts.

Conclusion

Security and easy-to-use checkout pages play the most vital role while you are in the process of selecting an online payment solution for your business. And PayUmoney is the world’s leading payment solution provider, in terms of success rates and convenient checkouts.

If you’d like to have all these benefits and grow your business efficiently, sign up on PayUmoney.

The post Guide to Choose the Best Online Payment Solution for Your Business appeared first on PayU Blog.

Everything You Need To Know About Online Payment Processing

Khushali Shah — Tue, 14 May 2019 04:09:47 +0000

Throughout ages, people have engaged in the exchange of goods and services in return for some mode of payment. These modes of payments were not always financial transactions. There was a time when standard money did not even exist, and people relied on bartering and livestock exchange. With the evolution of technology, money and payments have changed drastically. Today, online payment processing technology has taken over making financial transactions possible anytime, from anywhere! Here’s a quick synopsis of the journey ‘payments’ has traveled:

Online Payment Processing: What Does It Mean?

Now that we know we are at online payment processing era, let us dive deep and understand what online payments mean and look at the pros and cons it offers. Online payment refers to any transaction that is done electronically. It can be via a mobile device or computer or POS machines. This involves the use of an internet network, secure payment ecosystem and coded information, imprinted on your card or your confidential details.

In the war of offline vs online payment processing, the online method seems to be winning so far! Here’s why:

Online method is quick and easy. You can easily transfer a huge amount of money within minutes
It offers transparency in each transaction. You can have a record of each transaction hence, reducing payment frauds
A number of payment gateways like PayUmoney, makes the entire process hassle-free, promising industry best success rates!
Online payment processing allows you to make a transaction in any part of the world without facing the currency difference
With the online ecosystem, you can send and accept payments 24*7!
It allows businesses to offer multiple payment options to its customers like Credit/ debit cards, Netbanking, UPI, Wallets, etc.

Is Online Payment Processing A Necessity?

Historically, cheques were the most preferred payment methods. Organizations wrote, signed and mailed paper cheques as it used to save on costing and mainly because this was the only mode of payment available. But ever since the FinTech came into the picture, organizations and individuals started using electronic payment methods for faster and simpler processing. It saved their time and effort, hence reducing risks and fraud.

A recent report suggests that 81% of businesses find online payment processing better because of all the advantages it offers! This makes it clear that accepting online payments is no more a choice, it is a necessity.

Here’s the endnote: if you want to scale up your business and offer the best experience to your customers, then it is necessary to move in the direction of your customers: ‘online’ with a wide range of payment options. Read our blog on Why Should You Collect Online Payments here!

What’s Next For Businesses?

Newly ventured into an online or rather just created your e-commerce website? Then along with design and smooth interface you need a safe, trusted and fast payment gateway for the website. Now that you know what online payment processing means and what importance it holds in the modern world, the next step is to choose the right payment gateway. Read here to know What Is Payment Gateway For Website And How It Works? Before we understand the pre-requisites for choosing a payment gateway, let us understand why you need a payment gateway for your business:

Secured & Protected Payments: Payment gateways are highly secured and encrypted. Hence, they protect sensitive customer data such as credit card number, etc., from fraudulent activities or online theft.
24/7 Store: Your customers can make a purchase anytime and from anywhere they want to.
Shopping Cart Convenience – Payment gateways facilitate customers with shopping carts for better shopping and complete checkout experience.
Tracking Abilities: You can track all your transactions (past and present) all at one place.
Multiple Modes Of Transactions: Your customers can make use of a credit card, debit card, net banking, UPI and even international cards to make an online purchase on your website/app.
Multiple Device Friendly: A payment gateway provides smooth payment experience to customers, be it on a desktop, laptop, mobile or a tablet, etc.
Faster Transaction Processing: A payment service provider is much faster than manual processing. Your customers can make a purchase without any inconvenience of waiting in long queues.
Integrated Payments & Settlements: The effort of individually reaching out to multiple banks naturally reduces by integrating with a payment gateway. It takes all the load on your behalf so that you can solely concentrate on building your business.

Ones you know why your business exactly needs a payment gateway, take a step further and choose the right payment gateway for your business. You can read here to know How To Choose Best Payment Gateway In India. You may like to consider PayUmoney because of the following features:

Super quick and free set-up
Test mode experience
Easy onboarding and integration
Advanced dashboard
Leading E-commerce plugins
Secure checkout options
Competitive TDR rates

Currently, PayUmoney is offering services to 4.5 lakh+ happy businesses across the country. It is trusted, instant and secure. Here’s what some of our merchants have to say about their experience with PayU! “

“A successful business is built by people and not by money. We are glad to have found the right people to manage our online finances.” – Abhishek Chandrashekhar, Royal Brothers

“PayUmoney delivers on its promise of being a robust and quick to activate payment gateway. It outperforms to firmly support its merchants” – Arvind Batra, Events High

“The payment settlement time is very good. Being a startup liquidity is very important, which PayUmoney has helped to achieve” – Amit Saini, Founder, Let’s Ryde

This is not it! Our robust technology ensures your business gets all its payment-related services under one roof. Some of our industry best innovative products are:

Web Checkout: Add a completely redirection-less & secure payment gateway on your website
Plug-n-Play SDK: Accept payments on your Android / iOS app with our customizable SDK
Platform Plugins: Quickly accept payments on e-commerce platforms – WooCommerce, OpenCart, Shopify etc.
Payments On MS Excel: Choose the industry-first innovation to accept payments right from your MS Excel
Payments Button: Just copy-paste a single line of code to accept payments within minutes from your website/ blog

With all your marketing efforts for your business in place, it’s a good idea to have an all-in-one payment solution in place as well. Sign up with PayUmoney to enjoy the best payment gateway experience and grow your business effortlessly!

The post Everything You Need To Know About Online Payment Processing appeared first on PayU Blog.

How To Integrate PayU With Shopify

Khushali Shah — Mon, 17 Dec 2018 05:45:16 +0000

If you have created your website on Shopify and want to give your customer the best experience, we have got you covered. Integrating PayU with your website built on Shopify is easy! Read this blog to get a step-by-step guide and get started now.

1. Create an account on PayU by entering your email ID.

Please note: Select ‘Become A Merchant’ to integrate your Shopify website with PayU.

2. Further, enter your name and contact number & create a password. Add business details and get your bank account verified.

3. If you already have an account with PayU, keep your key and salt details handy. Here’s how you can find your details:

4. Now login to your Shopify account.

5. Click on ‘Settings’ and choose ‘Payment providers’.

6. Go to ‘Accept credit cards’ section and click on ‘Service Provider’. Choose PayU from the list.

Please note: If your merchant account is with PayU, it will only work with the option ‘PayU Money’ and not PayU India. PayU India is the option for the merchants who onboarded with PayUbiz.

7. Next, enter the merchant key and salt details available on PayU dashboard and click on ‘Activate’ to start collecting payments via PayU.

PayU’s integration with Shopify is that easy. Now you are all set to accept online payments via India’s most trusted payment gateway- PayU. However, if you have any questions, please Contact Us and we will be happy to help you!

Grow your business effortlessly with PayU.

PayUmoney Review: Hear ‘About Us’ Directly From Our Merchants!

Kinjal Shah — Tue, 11 Dec 2018 09:38:42 +0000

PayUmoney is a payment gateway and a service and patron way beyond. Today, we have a strong and most trusted presence amongst 4.5Lac+ businesses. These businesses believe in us and our custom services. PayUmoney review is not a meaty strategy to acquire more businesses or to show our might off. As we transition into a new phase of the millennium, we are wording our achievements here just as a matter of pride!

Our merchants strongly support us for the successful innovations we bring in. Hear it what they talk, feel and think about us in PayUmoney reviews.

“The payment settlement time is very good. Being a startup liquidity is very important, which PayUmoney has helped to achieve” – Amit Saini, Founder, Let’s Ryde

“With PayUmoney Payment Links, payment collection became very easy. We just send the Payment links to our customers and they can make payment online whenever and from wherever they want” – Tanvir Singh, Netmax

“A successful business is built by people and not by money. We are glad to have found the right people to manage our online finances.” – Abhishek Chandrashekhar, Royal Brothers

“PayUmoney delivers on its promise of being a robust and quick to activate payment gateway. It outperforms to firmly support its merchants” – Arvind Batra, Events High

“PayUMoney is that trusted partner which has been a key factor in making every one at Pikkol move towards a #happymoving experience.” – Pikkol

PayUmoney Review: Our Services Loved By Businesses

We are happy to be a part of your business and a main reason for your growth! If you are a new business and still thinking which payment gateway to integrate with, then why wait?

Apart from online payment solutions we deeply feel the urge to support businesses with nailing their marketing at the right place through PayUmoney blog.

The post PayUmoney Review: Hear ‘About Us’ Directly From Our Merchants! appeared first on PayU Blog.

Let’s Ryde’s Journey With PayUmoney Payment Gateway

Kinjal Shah — Thu, 29 Nov 2018 12:00:40 +0000

At PayUmoney, the best payment gateway in India, we have always made sure to strongly support online businesses boost their business. We love to celebrate our merchant’s journey and share their story with you! In this edition we have brought to you a very inspiring journey of Let’s Ryde – a Delhi based startup!

The payment settlement time is very good. Being a startup liquidity is very important, which PayUmoney has helped to achieve – Amit Saini, Founder, Let’s Ryde

Let’s Ryde: The Making

Dreamt of riding the power pact Royal Enfields, Harley Davidson, Duccati and many more luxury motorcyles? Let’s Ryde is your go-to place. The Delhi based company is an online motorcycle rental company founded by Amit Saini It is considered as the biggest motorcycle rental company in Northern belt of India. Let’s Ryde’s motto is to enable people enjoy your ride, wherever you go and have a lifelong love affair with the motorcycle your dreams.

Amit Saini, Founder, Let’s Ryde

Challenges Let’s Ryde Faced

The biggest challenge Let’s Ryde faced was processing payments. As the startup succeeded from renting just 2 motorcycles to now a 42, they quaked the need of a payment gateway to collect payments. Amit says that, payment gateway is very critical for them in their business. Hence, PayUmoney proved to the best choice for them to serve the best to their customers.

The best thing about PayUmoney is the relationship managers. He is the guy we call and reach out to. He knows our business, requirements, etc. in and out and he is at a position to solve all our problems. – Amit Saini

Let’s Ryde: Future

Going forward the founder aspires to go pan India and have outlets at every 250-300 km across the country. their main mission is to help people take some time out of their stressful lives and remind them of the importance of protecting our culture and land. Customer satisfaction is a key component of their business.

MSME Loan Alert: Get Rs.1 Cr In Just 59 Minutes!

Kinjal Shah — Wed, 21 Nov 2018 04:11:25 +0000

Diwali of 2018 proved to be really ‘dhamakedaar’ for MSME’s in the country with regards to MSME loan allowances and more!

“Since a few of weeks various ministries of the India government came together to formulate these decisions. After all the inspection and checks, I want to inform the country about these 12 historical decisions. In the times of globalization, these 12 decisions will start a new chapter for the MSMEs”

– Narendra Modi, Prime Minister of India (translated from Hindi, Source: Economic Times)

The MSME sector was hit hard when demonization and GST laws were rolled out in the country. In order to provide an empathizing shoulder to the sector, the Indian government introduced these 12 decisions charted below:

Gesturing the measures as a Diwali gift PM says that, the MSMEs will see new heights and will be the biggest employment generator following the agriculture industry. However, these loans range from Rs. 10,00,000 to Rs. 1 Cr with a starting interest rate of 8%. The MSME loans are a part of the Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE) and collateral coverage is not compulsory.

The Finance Minister launched a fast track portal for the MSME loan application. This portal helps MSMEs to secure loans faster and in an extremely secure way. Here’s how the portal works:

Image Source: PSB Loans in 59 Minutes

Documents Required For The MSME Loan Application

Please keep the following documents in a soft copy form ready for the MSME loan application:

- GST Identification number

- Income tax returns in XML format or PAN card details

- Incorporation date

- Bank statements (last 6 months) or net banking credentials

Basic company ownership details: director or owner details