PayU Payouts is the answer. A technology-driven solution that can automate the entire process of Payouts and perform quick disbursals in no time. Sounds like a dream, right? But it’s true!

With PayU Payouts you can make payments instantly be it refunds or something else. You may even track, manage and perform all sorts of payouts functions from one dashboard only.

Here’s how PayU Payouts can help you simplify your payouts

With PayU Payouts you can always do a lot more. Let’s have a look at it in detail:

Instant payments even on bank holidays

Make payments 24×7, even on bank holidays. You don’t need to wait after adding a beneficiary, disburse payments instantly.

Send bulk payments in minutes

Disburse multiple payments in one go to customers or vendors with a single click via payment methods like IMPS, NEFT, RTGS, UPI, Debit/Credit Card, etc.

Quick integration

Automate your payments with a simple integration within minutes. All you need to do is to configure recipients’ details, rules & approval workflows through API integrations. Voila! you are done.

Secured payment via payout links

Send secure payout links to the customer’s mobile number or email ID while allowing the customers to choose the payment mode (Card/UPI) just by clicking on the payout link. The payment will then get processed to the respective mode in no time.

Track & manage transactions easily

Monitor credits & debits in real-time. Wherein the system will automatically map the UTR/reference number to the respective debit transaction making it easier to keep track of transactions.

Be extra sure with maker-checker validation

Assign a maker and checker for payouts. Where Maker is the person initiating the transaction and the Checker is the one approving them. This is called maker-checker validation. You may also manage the assigned users and their roles easily from one dashboard.

PayU Payouts, a choice for all types of businesses

E-commerce

Online sellers can initiate customer refunds in bulk using PayU Payouts. Reduce your chances of manual errors while initiating these refunds.

Insurance firms

With PayU Payouts, medical insurance companies can process claims immediately. Also, it allows making instant disbursal of commissions to agents.

Banking companies

Delight your customers with instant loan disbursal and flexible repayment options.

Gaming platforms

While playing in teams on gaming apps customers expect winnings to hit their account without any delay once the game gets over. With PayU Payouts, you can make instant payments to the customers, basis the number of players in the group, leaderboard position, etc.

How to get started with PayU Payouts?

To get started with PayU Payouts, follow these simple steps:

1. Sign Up on www.payu.in
2. Complete your onboarding
3. Your PayU Payouts account is ready to use

See, it’s that simple!

Final thoughts

While disbursing payments to vendors or customers can be a time taking process, but using PayU payouts can always solve your worries of delayed payments. It’s time to say bye to those days when sending payouts would get on your nerves. Do everything instantly without any hassle with just a single click and utilize the time saved in ensuring growth for your business.

So, what are you waiting for?

The post PayU Payouts: All-in-one solution for all businesses to disburse blazing-fast payments appeared first on PayU Blog.

Therefore, the online payment solution provider you choose should be highly secure and provide a seamless checkout experience. If you have any confusion about how to find the best one, here’s a guide to choose the best online payment solution for your business.

At PayU, we leave no stone unturned to make sure that the online payment transactions are secure and your customers are happy! Here are some of the security protocols that we follow to make online transactions 100% secure (or what you should consider while selecting a secure payment gateway for your website):

1.PCI-DSS (Payment Card Industry Data Security Standard) Compliant:

At PayU, we adhere to all security standards and practices prescribed by Payments Card Industry, India. All PayU servers are PCI-DSS compliant and hence it is safe to save the card information with us.

An important thing to note here is that while card number and expiry details are stored in our secure databases, CVV is never stored.

Also, the card information is never exposed to the outside world as we send only mapped encrypted tokens through network. All, the transactions are theoretically more secure than a normal transaction where you enter card details.

2. 128 bit SSL (Secure Sockets Layer) encryption

All our payment pages are secured with SSL which significantly reduces the risk of you or your customers being exposed to a man-in-the-middle attack. We work to keep all your sensitive data confidential by using best in class technology, which encrypts information shared during an online transaction and protects it. This encrypted information is stored on secure systems/computers.

Further, we ensure that the number of employees involved in the management of the stored data is limited. Also, we use advanced security technology to prevent our computers from being accessed by unauthorized persons.

A web address, that has SSL, begins with https. Integrating PayU payment gateway on your website might help you increase your conversion rate. Customers are more comfortable sharing sensitive information on pages visibly served over https.

3. Two Factor Authentication

According to data, 90% of passwords can be cracked in less than six hours. Also, two-thirds of people use the same password everywhere.

Having a two-factor authentication process helps us in the prevention of fraud, especially in the case of credit/debit card payments. In simple terms, we have just added another layer of security, which makes it harder for someone to access and steal your data.

First, the customer must enter the CVV and then the OTP sent on his registered mobile number.

4. Tokenization

Tokenization is the technology used to ensure that your customer’s sensitive card information remains safe. Card details is passed in the form of ‘token’ which is a random string of characters thus replacing & safeguarding the sensitive information.

PayU’s fraud prevention solution works 24*7 to prevent payment fraud. Velocity checks such as volume and value of transactions, card issuing country, IP location, pattern detection and real time blocking capability helps us prevent any fraud transactions.

5. Redirect Checkout, Web Fronts & SDKs

At PayU, we provide the options of Redirect Checkout, Web fronts or our mobile SDKs to merchants to accept payment information. The sensitive information is transmitted directly through the PayU servers with no intervention of the merchant’s server thus enhancing the security. And PayU servers, as mentioned above, are highly secure!

Tip: Keep your Platforms Updated

Whether your platform was built from scratch by developers or based on a third-party platform, make sure it is always updated.

CMS like WordPress work round the clock to plug security gaps and release regular patches and updates that make their systems less vulnerable. So, with the newest versions of your platform, you minimize the vulnerability of online security risk. To enhance your platform’s security, install third party security plugins.

Conclusion

It is the responsibility of both, the merchant as well as the customer, to make sure that there is no breach of security. Paying attention to the above security protocols while paying or receiving money can reduce the overall level of vulnerability to cyber-attacks.

With over 4.5 lakh merchants using PayU in their daily lives, we make sure that all the security processes and regulations are in place. To know more, visit PayU.in

The post How Secure Are Your Payments With PayU? appeared first on PayU Blog.