Payouts – PayU Blog https://payu.in/blog Mon, 14 Mar 2022 11:23:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://payu.in/blog/wp-content/uploads/2020/05/favicon_index-1.png Payouts – PayU Blog https://payu.in/blog 32 32 PayU Dashboard: All You Need to Know https://payu.in/blog/payu-dashboard-all-you-need-to-know/ Mon, 07 Mar 2022 11:14:00 +0000 https://payu.in/blog/?p=10572 In this article, you will learn about PayU Dashboard functionalities. You can create payment links, transfer funds, install payment options, generate invoices, manage vendor and salary payouts and a lot more. You can track all your collections, returns, merchant activities and customised reports through a single analytics page.

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It is crucial to offer a seamless payment mechanism to your customers as a business owner. A convenient, fast, easy-to-follow checkout process ensures a low bounce rate, higher conversions, and the propensity to return for a repeat purchase. PayU gives your customer a great payment experience with the best in industry payment success rate and a bouquet of available payment options simultaneously PayU dashboard gives you the best user experience.

Today, PayU enables 4.5 lakh+ businesses with payment solutions customized to their unique business needs. Netflix, Cred, OLA, Goibibo.com, Redbus, Airbnb, BookMyShow are some of the domain leaders that partner with PayU for their payment solutions. Let us explore the PayU merchant dashboard in detail to assist you in setting up and managing seamless payment options for your customers.

The Dashboard

You can access the dashboard with your PayU dashboard login. On the main page, you will view your business summary with quick links to all the features like payment link, payment gateway, payout installation, and details.  

On the left sidebar of your PayU dashboard, you will find four main header links for quick access. These are: ‘Track’, ‘Collect Payments’, ‘Send Payments’ and ‘Analytics’. Let us see the functionality of each one. 

Collect Payments

For a business, customers are the most valuable asset. Offer a happy experience to your customers with a smooth payment experience and the best payment success rate.

Payment Gateway

‘Payment Gateway’ tab helps you to install payment options onto your business portal or app, and convert visitors into happy paying customers. Here, you can integrate payments in your app or website using java, PHP, Python, etc. The tab further gives you the necessary technical documentation to enable the functionality.

Integrate with Mobile App and accept payments in your Android or iOS app using PayU’s SDK. Integrate with the most popular and best e-commerce platforms and shopping carts. The integration process is one-time and straightforward. Its user-friendly, responsive design combined with best-in-class security protocols ensures compliance with current data security norms and peace of mind for the business. The 24×7 Support ensures immediate resolution for any urgent support requirements.

Payment Links

You can create and share payment links through this option on the PayU merchant dashboard. Your customers can pay using any online payment method, credit/debit card, net banking, UPI, or wallets. Payment links can be easily shared through popular apps like WhatsApp, Facebook, SMS, email, and other chat applications.

Invoices

You can create simple and professional invoices for your customers so that they can make prompt online payments and the sale closure. There is no need to use a separate application for invoicing. These invoices can be shared through a channel most convenient to your customer. You can create customized invoices by adding clear and concise billing details. An automated GST calculation is inbuilt for a 100% tax compliant process.

Payment Button

Using this tab, you can design the payment buttons and customize the size, colour, and button type from this PayU dashboard menu option. The ease of the process helps you launch your products quickly with a single line of code copy-pasted on your site and offer payment options. Follow these simple steps to install PayU payment buttons:

Click on the ‘New Payment’ button. On the next page:

  • Add the text name for the button e.g. ‘Pay’, ‘Card’ etc.
  • Fill in the Item name.
  • Fill in the amount for the item.
  • Select the colour of the button from the menu and select the size.

The ‘Custom Details’ section allows you to add customer details required at checkout, e.g. name, address, contacts as per your requirement. You can add more fields here. You can preview the buttons before the final installation.

Split Payments

With this tab, you can split incoming payments to individual accounts securely and manage vendor payments with easy-to-integrate APIs.

E-commerce & Marketplaces

If you run a marketplace that brings buyers and sellers together on your platform, this tab helps you divide single payments amongst multiple sellers as per the payments terms.

Online Service Aggregators

An online aggregator’s business requires a simple mechanism to manage payment flows to the respective service provider. You can manage the routing of payments easily with this tab.

On-Demand Services

If you run a platform for service providers like taxi drivers, plumbers, etc., you can manage the entire payment process by supervising the payment dates, details, etc.

Send Payments

The ‘Send Payments’ section on PayU dashboard helps you to send payouts and direct money transfers to your partners, vendors, and employees. You can send payments to your phone/Email/bank account within seconds. With the PayU dashboard, you can quickly transfer your employee salaries in bulk every month with a single file upload. 

You can directly transfer immediate refunds to your customers into their bank accounts or credit cards.​ You can process all vendor payments in bulk.​

Domestic Money Transfer (DMT)

With DMT, you can instantly transfer money to any bank account, in line with DMT regulations, claim GST Settlements, manage DMT commissions and claim 100% GST.

To initiate DMT transfers, follow these simple steps:

  • Add money to your DMT account​
  • Add Sender and Beneficiary Details via API
  • Get Commission and GST Settlement

Track Your Transactions

The ‘Track’ section enables you to track the essential business metrics like transactions and settlements:

Transaction Overview

  • This tab gives you a snapshot of all transactions done in a period.
  • You can track the revenue, refunds, and payment success rate for total transactions for your business.
  • The transactions are listed date-wise, with the transaction ID, source and customer’s contacts.
  • You can apply filters to track particular transactions. This tabulated view makes it easier for you to keep track of all your transactions from a single page.

Settlement Overview

This section shows you the daily record of settled transactions as a consolidated figure and lists details of every settled transaction filtered for a date, UTR no, sales amount, etc.

  • You can download the monthly TDR Report for current or past months.
  • The ‘chargeback’ tab gives you details of any outstanding chargeback requests.

Analytics for Business Insights

The analytics page shows you a single-window overview of your business transactions, refunds, and settlements. You can keep a sharp eye on your business every day with simple, easy to filter analytics.

Transactions

These reports will fetch your data for your transactions like payment, customer info, status.

Settlements

These reports will show you settlements initiated, paused, and processed with details like service fees.

Refunds

These reports will fetch you details of refunds initiated and their statuses through the cycle.

TDR Report

These are monthly invoices from PayU for service fees and tax.

Payouts

These reports will show you payouts data like amount disbursed, beneficiary and status.

Buttons

  • These reports will show you transactional data like the amount collected and the status of your payment buttons.
  • For each metric, you can generate and download a report by clicking on the ‘Generate Report’ tab.
  • You can select the date range for reports, filters on data required, and fields. The reports are available in CSV and XLS formats.

Conclusion

PayU dashboard is a one-stop solution for you to assemble, customize, manage and track all your customer payments from a single window. Make the PayU dashboard your business assistant to help you make quick decisions based on data and reports available at a click. To know more about the PayU dashboard, click here.

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PayU Payouts: All-in-one solution for all businesses to disburse blazing-fast payments https://payu.in/blog/payu-payouts-a-solution-to-disburse-fast-business-payments/ Tue, 30 Nov 2021 10:53:56 +0000 https://payu.in/blog/?p=10012 Disbursing timely payments is the core of every business. Managing payouts manually becomes a hurdle affecting business growth. While an alternative payouts solution – PayU Payouts can help a lot in performing faster payment disbursals and keeping track of it on a real-time basis.

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To ensure the growth of every business – whether offline or online, a sound payment process is a must. Not just inflow but the outflow of cash is equally important, for example, making payments to vendors, issuing refunds to customers, disbursing winnings, etc. Timely payments are vital because whether it’s a customer or a vendor, everyone expects payments instantly. A significant delay in payouts often leads to a spike in customer drop-off rates and disrupted service. So, is there a solution that simplifies a manual cumbersome process & can perform quick disbursals too?

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.

1.PayU Payouts, a choice for all types of businesses
2.How to get started with PayU Payouts?

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?

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Disburse Payments in Minutes with PayU Payouts https://payu.in/blog/disburse-bulk-payments-in-minutes-with-payu-payouts/ https://payu.in/blog/disburse-bulk-payments-in-minutes-with-payu-payouts/#comments Mon, 15 Jul 2019 11:59:48 +0000 https://blog.payumoney.com/?p=6297 In businesses, you often need to make bulk payments such as vendor/partner payments, employees’ salaries, refunds and disburse prize money. And for this, you need a payment system that works...

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In businesses, you often need to make bulk payments such as vendor/partner payments, employees’ salaries, refunds and disburse prize money. And for this, you need a payment system that works along with you and not only on weekdays from 9 to 5.

After having a discussion with a lot of our merchants, we discovered that they were facing issues regarding bulk transfers and refunds. Therefore, to make it easy for you to carry out your business payments, we decided to build PayU Payouts.

With PayU Payouts, you will be able to make bulk payments quick and fast. Payouts will send money to your receivers’ accounts via IMPS, NEFT or UPI through API.

Bulk_Payments_PayU_Payouts

If you are an existing PayUmoney merchant, you will only have to sign an additional agreement. This will be shared by our sales representative. Click here to get started.

Note: If you are not a registered PayUmoney merchant, you will first have to sign up by following the standard onboarding process. This will be followed by signing an agreement shared by our sales representative. To sign up on PayUmoney, click here.

After you have opted for the Payouts feature, follow these 3 simple steps to send Payouts:

1.Add money in your PayU Payouts account provided by PayU through IMPS or NEFT.

Bulk_Payments_PayU_Payouts

2.Add receiver’s details, i.e., bank account number & IFSC code of people to whom Payouts have to be made.

3.Send Payouts instantly in just one click!

New Feature: “Smart Send” with PayU Payouts

Don’t have account detail of your customers? Don’t worry! With our new Smart Send feature, you don’t have to worry about collecting and filling bank account details of your customers, for making payouts, yourself! You can make payouts to anyone, anytime without collecting their bank account details manually!

How Does Smart Send Work?

1.Add money in your PayU Payouts account provided by PayU through IMPS or NEFT. (as mentioned above)

2. Provide us with some details (listed below) for the payment to be made through PayU payout via the Smart Send APIs:

  • Mobile number or email of the customer – The Smart Send link will be triggered on this channel.
  • Amount to be transferred to the customer.
  • Your merchant reference number – This will help us and the customer identify the payout/transfer.
  • Description – You can add payment remarks if any.

3. Once you share all the details with us, a Smart Send webpage link will be triggered to the customer on the provided email ID or contact number.

Smart_Send_PayU_Payouts

4. The customer will open the page and enter his/her account details. After entering the account details, he/she will receive an OTP on his/her registered contact number.

Smart_Send_PayU_Payouts

5. Once the OTP is verified, the payout will be triggered to his/her account from your merchant ID.

Smart_Send_PayU_Payouts

Benefits of “Smart Send”:

  • Instant, quick, and secure Payout via IMPS
  • Account Detail Collection with OTP Authentication
  • NEFT Support for larger payments
  • A convenient way to make bulk payments

Benefits and Features of PayU Payouts

  • Immediate bulk transfers via widest range of online payment methods such as IMPS, NEFT and UPI.
Bulk_Payments_PayU_Payouts
  • Instant money transfer – 24*7, even on weekends and bank holidays
  • Fully automated
  • No limits on the number of Payouts that can be carried out in a day!
  • Bank verification option
  • Powerful Dashboard – Add money, track and download transaction reports easily through your PayUmoney dashboard
Bulk_Payments_PayU_Payouts
  • Webooks
Bulk_Payments_PayU_Payouts
  • Virtual wallet

There is no setup fees or maintenance charges for this new feature. You will only have to pay per payout. PayU Payouts will help you immensely in providing a great customer experience and grow your business.

If you too are in a business that makes bulk payments, consider switching to PayU Payouts and automate all your business payments. For more details,

Sing_Up_on_PayUmoney

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