At PayU, our aim is to make it easier for businesses to move online and start accepting payments digitally. And PayU Partner Program is one of the key initiatives we took in this direction.

Catering to more than 3.5L businesses already, we built this program to help more businesses on board this digital journey. Digitization is a win-win for both our merchants and partners and everyone involved, after all.

About PayU Partner Program

PayU Partner program is a referral program through which you can offer our comprehensive range of payment solutions to your clients and customers and get rewarded for the same.

This program is not limited to companies, platforms, implementation, & plugin partners alone. Even developers, designers, bloggers, digital agencies, freelancers, incubators, co-working companies can be a part of our affiliate program and earn rewards on every successful referral. Simply put, any individual or an organization that provides any kind of services to businesses can become a PayU reseller by offering our payment gateway services.

Thousands of companies, including platforms, plugin builders, and extension developers, providing services to small & medium businesses, work with PayU. Some of them include WIX, Shopify, Shopmatic, Zoho, Tally, WordPress, WooCommerce, and many more.

Why Take Part in PayU Partner Program

• Quick, Easy & 100% Digital Onboarding for You and your Merchants – While the sign up is done in 2 easy steps at PayU, our onboarding process in 100% online and hassle-free
• Lucrative Rewards on every Successful Referral – You earn rewards for every transaction made by your referral
• Powerful Dashboard – You can refer and add your merchants, track your earnings, reconcile payments, get real-time updates, access exclusive marketing material and much more from one single platform
• Quick & Easy API Integration – Our APIs are easy to integrate with your digital platforms
• 100+ Payment Options – We support various payment modes such as Credit/Debit Card, Net Banking, UPI, E-Wallets, Paytm, Google Pay, PhonePe, LazyPay, etc.
• Highly Secure – PayU is PCI-DSS compliant which means we adhere to all security standards and practices recommended by the Payments Card Industry
• Dedicated Account Manager – In case you have any queries or suggestions, you can reach out to your dedicated Key Account Manager (KAM). Details of KAM can be accessed through the dashboard. Also, we provide 24*7 assistance through our help portal help.payu.in
• Certified Partner Badge – Enrolment under the Partner program gives you access to Certified PayU Partner Badge. Copy code or download the same from your dashboard

Besides this, PayU Also Has Several Add on Features that Can Help You & Your Merchants Grow:

1. Payment Links: Create and share invoices over SMS, email, WhatsApp, etc and collect payments instantly from your clients
2. EMI – Provide convenience to your customers by giving them the flexibility to pay over-time
3. Payouts: Disburse payments to anyone, anytime using NEFT, IMPS or UPI
4. Same-Day Settlement:  Get money in your account the same day!
5. International Payments Acceptance: Accept payments in 100+ currencies
6. Subscriptions: Put payments on autopilot by offering multiple modes of recurring payments

How to Sign up for PayU Partner Program

1.Visit our website https://partner.payu.in and complete the sign-up process. Once the signup is complete, you will get access to add merchants from the Partner Dashboard

2. Add your merchant details and upload documents to complete their KYC. You can refer a single merchant or number of them by uploading a CSV file

3. You can also send a “referral link” to your merchants and ask them to create an account with PayU using the link

That’s it! You will now earn rewards on every transaction your referral does.

Here’s What our Partners have to Say!

“PayU’s Quick onboarding and flexible rate feature are the key driving factor for us. The best part about the PayU partnership is that I have a dedicated person to resolve all my queries and my referred clients are on boarded in a single day without much glitches.” – Kewal Kedia, Freelancer

“Most recommended payment gateway to all our clients. We offer payment gateway integration as service and highly recommend this partner program.” – Vibgyor Services, Technical Service Provider

Conclusion

At PayU it’s simple – you are rewarded for referring successful leads. Our partners can register leads, access marketing resources, and leverage our robust stack of payment suite to grow their business. You can learn, grow, and enhance our respective businesses for a rewarding and profitable relationship.

The post Join PayU Partner Program – Turn Referrals into Earnings appeared first on PayU Blog.

Shopmatic offers you the simplest way to launch your web store. If you create webstore on Shopmatic, you will have access to an entire ecosystem, complete with all features for you to successfully sell online. One of the most recent features added to the Shopmatic platform is “Creating Instant Orders and getting paid quickly via PayU Payment Links”.

All you need to do is add products that your customer wants to order in the cart, share a payment link with him/her via WhatsApp, email, and more, and get paid instantly! 

PayU, then, settles this amount in your registered bank account in T+2 days.

We had already explained in our earlier blogs as to why and how PayU is beneficial for people creating online stores on Shopmatic. In case you missed it, do read it here: Why Choose PayU While Building Your Website on Shopmatic. If you have still not enabled PayU on your Shopmatic store, click here. 

Here’s a quick illustration of how you can create instant links for your customers/ buyers and receive instant payments, from your Shopmatic store. 

How to “Create Instant Orders” and Start Collecting Payments Quickly! 

“Create Instant Orders” allows you to instantly create payment links by simply adding the products and the buyer’s phone number.

1. Login to your Shopmatic Account, go to the Dashboard, and Click on ‘Create Instant Orders”
   
   

   

2. Now, select the Products to be added to the cart


3. Select the “Create Payment Link” option
   
   

   



4. Enter your customer/buyer’s contact number
   

   

5. An instant Payment Link is created. Share this link with your buyer/customer via WhatsApp, Instagram, Facebook, FB Messenger, email, SMS, and more, and get paid instantly. Your customer gets 100+ payment options to choose from
   
   

   

That’s it! It’s as simple as that!

Here’s what our customers have to say!

“I create and share payment links with all my customers through WhatsApp or SMS. They just click on the link and complete the payment. I am getting paid faster.” – Amit Sodhi, Founder, Rentickle

“The payment links are very easy to create. I would recommend PayU payment links to anyone looking for a simpler way to accept customer payments.”  – Nagesh HR, Account Manager, SCHOLAR CLOTHING CO.

PayU Gives You A Powerful Selling Experience 

Over 3.5 Lakh businesses trust PayU’s payment services. In just a few clicks, your customers can easily pay you using any online payment mode of their choice – because we have them all! PayU comes with a powerful dashboard from where you can collect, reconcile, and track payments. You also get real-time data insights on your business performance to manage and grow your business better. 

If you haven’t already signed up with Shopmatic or enabled PayU, do so now!

The post Accept Instant Orders on Shopmatic with PayU Payment Links appeared first on PayU Blog.

UPI AutoPay by NPCI was launched at the Global Fintech Fest recently. At PayU, our endeavour is always to support growing businesses and further boost the fintech ecosystem. Continuing this tradition, we partnered with NPCI for the launch of UPI AutoPay. Our team will be adding support for this under the same integration, requiring no change from our merchant’s end.  

To be the first one to get access to this feature, 

Growth of UPI and Recurring Payments

The growth story of UPI is quite impressive. Since its inception in India in 2016, it has achieved various milestones and has become the most preferred mode of payments among Indians. For FY20, UPI processed 12,519 million transactions worth Rs 2 1,31,730 crore, a 132% jump in volume, and a 143% surge in value as compared to FY19.  

On the other hand, with advancements in fintech, consumers are more open to businesses auto-debiting charges for their services or products. According to a report, the subscription growth rate has accelerated for 22.5% of companies.

Making payments via subscriptions is easier for customers, especially during this global pandemic COVID-19. Also, offering subscriptions to your customers will keep your business running in these times.Offering recurring payments to your customers saves them time and effort required to buy the same things, again; they become more loyal to your brand.    

UPI AutoPay on PayU Subscriptions

The convenience of UPIAutoPay combined with the power of PayU Subscriptions will be a game changer for businesses such as OTTs, insurance, rentals and much more to collect recurring payments. You can read more about how different businesses can use PayU Subscriptions here.  

Businesses can now take advantage of all modes of recurring payments credit card/debit card, NACH and UPI via a single integration of PayU Subscriptions.  

Here’s how UPI Recurring Payments will offer a seamless and virtually frictionless experience to your customers. Take a look! 

Benefits of Using UPIAutoPay on PayU Subscriptions for Businesses 

• Automate billing via our Subscription APIs 
• Improve cash-flow for your business  
• Seamless customer experience  
• Offer better pricing to your customers  

Benefits of Using UPIAutoPay for Consumers 

• Control of authorizing requested payment and cancel it any time they want
• Also, the 24-hour pre-notification feature of UPI AutoPay ensures that customer is well aware of the charges to be levied in advance making it completely safe and secure.

Conclusion 

Now all businesses can simply offer subscriptions to anybody that has UPI and start collecting recurring payments easily. Offering Subscriptions means better reach and locking customers to your platform. So, get started with UPI AutoPay on PayU Subscriptions today,  

The post Make Recurring Payments Easier for Your Customers via UPI AutoPay on PayU Subscriptions appeared first on PayU Blog.

This means that you will have to choose measures that are flexible and serve your business irrespective of whether you are able to operate from your physical store or not. Moving online could help you carry on your “business as usual” and will continue being useful even after the end of this pandemic.  

Making Everything Easier For You!

Building an online store is a major task. However, with e-commerce platforms such as Shopify, it is easy to get up and running with, providing your customers with a seamless shopping experience similar to what they get from large online retailers. However, to provide a seamless checkout experience to your customers, you would also require a payment solution provider that is highly secure and understands the needs of your business.  

We are glad to share that PayU has partnered with Shopify to help businesses move online and start accepting payments, easily and quickly! This solution can help you open an alternative revenue stream for your business by reaching out to new and existing customers online.  

With PayU, you can accept payments on your Shopify store via UPI, Credit/Debit Card, Net banking, Paytm, Google Pay, PhonePe, Wallets, and more. We are also offering some discounted rates on transactions to Shopify merchants! (Know more about this and other offers in our benefits section below.) 

Many of our features are specially built for businesses like:  

• Essentials/Groceries  
• Travel 
• Gaming  
• Non-profit organizations/Donations 
• Financial & Insurance Services 
• Freelancing  
• Healthcare & Beauty   
• Educational Services 

Selling online is very different from selling offline. While selling online, you’ll have to click photos of your products, write content, create videos, etc. Luckily, you get all these and more features when you get started with us. 

How to Create Your Online Store on Shopify

You can easily set up your Shopify store by following these simple steps: 

1. Go to Shopify and click on “Start free trial”  

2. Now, enter your email ID, password, and Store name and click “Create Your Store”. Wait for a few seconds while your store is created! Your domain will be “your store name.myshopify.com”

3. Enter your credentials such as your name, business address, number, etc. and click on “Enter my store” 

4. Now, “Add your product/s”. You will be required to enter a title for your product, along with a product description, photo, and its pricing 

5. Next, choose a theme for your online store. You can add a logo, product slideshow, and colors that match your brand 

6. Once you have customized your theme and added all your products, you can add a custom domain to help customers find your online store 

7. Now, click on “Settings” on the left-hand side menu to manage your payments service provider, how you ship orders to your customers, and your billing information (this is mandatory to go live with your online store) and more. While choosing your payment service provider, make sure you choose the one that is highly secure and lets you collect payments hassle-free like PayU

Your online store is ready!  

Once you have built your online store with Shopify and integrated PayU as your payments service provider, you can try our different features that will help you grow your business. 

Benefits of using PayU on Shopify 

• Exclusive Pricing – We are offering discounted pricing for Shopify merchants, starting at 0.40% per transaction 
• Transaction Charges Waiver – Zero transaction fees on transaction value up to ₹5 lacs for new PayU merchants on Shopify 
• Bulk Payments at ₹0 Fees – Pay your vendors & employees, disburse winnings & initiate instant refunds in Bulk at zero transaction fees for the first month 
• Shopify free for 14 days – Try Shopify for free, and explore all the tools and services you need to start, run, and grow your business.     
• Accept International Payments – PayU enables you to accept payments in 100+ currencies across the world and get settled in your local currency  
• Same Day Settlements – Get money in your bank account the same day and improve your cash flow 
• Collect Payments via Subscription page – Accept recurring payments automatically with our subscription platform 
• Offer EMI Options to Customers – Increase your cart value by giving your customers an option to make payment through EMIs 
• Powerful Dashboard – You can track, manage and reconcile all your transactions on the powerful dashboard 
• Automate COD Refunds via Payouts – Initiate instant refunds for your COD orders via the dashboard, integrating our API or links 

How to Integrate PayU Payment Gateway on your Online Shopify Store? 

You can integrate PayU payment gateway seamlessly, allowing the customer to pay on your online Shopify store via 100+ payment modes. Here’s a step-by-step guide on how to integrate PayU on your Shopify store: 

1. Log in to your Shopify account 

2. Now, click on the Settings option in the Left-hand side menu 

3. Go to “Payments”

4. Click on “Alternative payment Methods” 

5. In ‘Alternative payment methods, select PayU India. Update the merchant key and salt values in the PayU India configuration page, . 

• If you are already a PayU Merchant, you can find your Merchant Salt and Merchant Key from the profile section of your PayU dashboard. Click on the Profile tab at the top right corner of your PayU dashboard. Under the “Integration Details” tab, you will find your Key and Salt. 

• New merchants can sign up in minutes to get their key and salt details. 

6. Now, click on “Activate PayU India”. You can also test the integration using the option “Enable test mode” and the test key and salt provided by PayU. 

In the End 

We are here to help you get your business up and running online. Integrate PayU payment gateway on your online Shopify store and start collecting payments in your bank account directly. If you need any other help in expanding your business online,  

The post Expand your Business Online with Shopify & PayU appeared first on PayU Blog.

We believe, nearly every business can make products or services that can be purchased on a subscription basis. Subscription plans can be created to sell everything from movies/entertainment to newspapers, books to healthcare services, and groceries to smoothies. With PayU Subscriptions, you can automate recurring payments easily and provide convenience to your customers, thus boosting your sales!  

Benefits of Subscriptions:

Did You Know?

 It’s roughly 7 times more expensive to acquire a new customer than to retain an existing one. 

• Access to reliable revenue sources and flexibility to forecast fixed income arriving in your bank account every week/month/year  
• Subscriptions are convenient for customers as it saves them time and effort required to buy the same things, again; they become more loyal to your brand  
• Recurring customers are more likely to make referrals 

All Businesses: Convert Your Customers to Subscribers with PayU Subscriptions

1.Over the Top (OTT) Services – A new survey reveals that more than 75 percent of Indians purchased new subscriptions for over-the-top (OTT) platforms during the lockdown period. If you too are in the media or entertainment industry, there is no better time to launch subscription plans for your content. It’s a win-win situation for both you and your customers. While your customers get more offerings, you will be able to earn more predictable recurring revenue.  

2. Software as a Service (SaaS) Business – Offering subscription plans to your customers is a necessity in these times if you have a SaaS business. There a lot of people and companies that take SaaS subscription services such as that of MailChimp, Semrush, etc for a recurring period of service. Creating subscription plans through PayU will enable you to automate customer billing at a specific fee on a recurring basis. It will also help you manage your subscriber’s transactions and billing cycles, on the powerful dashboard. 

3. Financial Services, Wealth Management & Insurance – If you are a part of the financial services industry, you are soon going to need to adopt the trend of offering subscriptions to your regular consumers. People are increasingly seeking help from financial and insurance advisors for their life events such as marriage, first job, etc, wealth management and insurance renewals. Also, wealth management for customers is set to become the next big thing! 

Integrating the digital platform along with human experience to offer customers financial insights, how they can plan, etc. is what companies are focusing on. People are taking more and more interest in how to manage their wealth and what financial plans to go for. Also, these days, it’s very uncommon to find someone who does not have his/her insurance amount deducted each month or year that gives us peace of mind. Therefore, an insurance company must automate recurring payments.

4. E-commerce Business – If you own an online store, you could start your subscriptions business by simply defining your customer persona and what makes you different from others in the market! Depending on if you have products that can be consumed regularly or monthly or fortnightly, create subscription plans for your customers that offer them value for money. 

5. Education – Whether you offer online courses or run a school, you can automate your recurring fees with PayU Subscriptions and handle the billing process efficiently. For schools, you can offer parents a semi-annual or annual subscription for a class as the fee is charged for an entire term. If you are offering online courses or tuitions, you can curate content for your target audience and create specific subscription plans for them. It will also help you simplify all the administrative tasks and focus on your core educational goals and improving student learning. 

6. Book Store – If you own a bookstore, online or offline, you can offer your subscribers a reading journey through subscription packages for different genres of books. You can create a monthly or bi-monthly plan for your readers and give them their favorite books to read, at decent prices.  

7. Healthcare and Beauty Service Provider – This sector is perfectly poised for subscriptions and its future too. Medicine, health care consultation, and beauty services are critical to people and they do not miss it.  You can supply supplements, prescribed medicines, and other wellness kits to your regular patients/consumers through subscriptions. You can create subscription plans for them depending upon your services or products.

8. Catering/Food Business – The growing trend of 30-min food deliveries is pushing food businesses to offer personalized menus to their customers on a weekly or monthly basis. You can do it too by offering healthy and sustainable food options to your customers. You can target office-goers or PGs, hostels wherein people are looking for food options regularly and create subscription plans for them. 

9. Online Florist – You will find a lot of people who wish to decorate their houses/offices regularly with fresh everyday flowers or people who want to send wishes to their loved ones on various occasions. You can create weekly or monthly subscription plans covering the number of birthdays, the kind of flowers or size of bouquets, frequency of delivery, etc. After you interact with your subscribers a few times, you learn about their preferences and create special subscription plans matching those preferences

Multiple Modes to Collect Recurring Payments with PayU

1. UPI AutoPay – PayU merchants will now be able to give their customers an option to set up or automate recurring payments via UPI as well, with a one-time mandate from the users. This is the most recent feature launched by NPCI, with PayU as its launch partner.  Click here to know more
2. eNACH (Bank Account) – With e-NACH, anyone with a bank account can automate transactions that are repetitive and periodic in nature. The customer will provide authorization with the choice of its preferred bank via e-mandate registration through Debit Card or Net Banking at the start of the billing cycle/subscription plan, and all subsequent payments will be fully automated thereon. PayU has already integrated with leading bank and counting, for collecting payments via e-NACH. Click here to know more about collect recurring payments through eNACH
3. Debit Card/Credit card – You can charge your customers recurring payments via debit or credit cards. The customer would just need to do a one-time authentication for the subscription plan they select and then you can start charging them a fixed amount on a recurring basis as per the plan

How to Integrate PayU Subscription Payments   

You must use the PayU Subscription APIs on your website where you want to display the subscription plans offered to your consumers. Click here to know the process in detail.

You can also request a call if you wish to offer your customers subscription plans, quickly and easily.

Offer a Great End-to-End Experience to Your Customers!

Subscriptions can be a great way of making a long term relationship with your customers. Take some time and think about the products or services you would want to offer for subscriptions. You will be amazed to see how businesses have grown by offering subscriptions to their customers. Make the experience unique for customers with PayU subscriptions. To know more about PayU and its products,   

The post Different Businesses that Can Use PayU Subscriptions appeared first on PayU Blog.

In order to help businesses with the changing trends and support them in getting back stronger, we are glad to introduce PayU as a payment option in eCommerce platform Shiprocket Social. Shiprocket offers a wide range of customizable features for opening your own online store with services such as shipping, logistics, order tracking, marketing, etc.  

Integrating your Shiprocket Social store with PayU will enable you to accept payments via multiple payments options such as UPI, Credit / Debit Card, Net Banking, Paytm, Google Pay, PhonePe, Wallets and much more, giving more convenience to your customers. 

Key Benefits of Choosing PayU Payment Gateway 

1.Quick & Easy Onboarding – While the sign up is done in 2 easy steps at PayU, we are glad to share that our onboarding process is 100% online and hassle-free. While you upload soft copies of all your documents from your dashboard, you will keep receiving emails confirming the status of your application 

2. Simple to Setup on Shiprocket Social – It is easy to add PayU payment gateway on your Shiprocket Social Store. (See how to enable PayU easily on your Shiprocket Social Store below) 

3. Industry-Best Success Rate – We provide industry-best success rate in all the transactions as we support widest range of payment methods and banks, making it convenient for your customers to pay via their preferred payment mode 

4. Seamless Checkout – With PayU’s Saved Card option, your customers don’t have to enter their card credentials again and again. They only have to enter their CVV and a password sent to their registered mobile number  

5. Omni-channel Presence – PayU is the only payment gateway that allows you to accept payments from multiple channels, devices, and payment modes, through a single processing platform. This will help you attract omni-channel retail customers who purchase in various non-traditional ways. You can create and share PayU payment links with your customers via SMS, WhatsApp, Instagram, email, or any other channel of your choice and get paid instantly   

6. Real-time Tracking on Powerful Dashboard – Track, manage and reconcile all your transactions and business performance on-the-go. The PayU dashboard allows easy & hassle-free reconciliation of accounts in a single window. 

7. Highly Safe and Secure Transactions as PayU is PCI-DSS compliant with 128-bit encryption 

Other Powerful Features to Help you Grow your Business

• Maintain your Business Cash Flow with Same-Day Settlements: With this feature, you will get money in your account the same day that will help you improve your business cash flow and managing working capital effectively 
• Go Global with our International Payments Acceptance feature: You can accept payments in 100+ currencies and settle them in your local currency 
• Initiate Bulk Payments, Instant Refunds with Payouts: This feature will allow you to disburse immediate bulk payments, vendor payments, initiate instant refunds to anyone, anytime using UPI, RTGS, NEFT and IMPS 
• EMI as Payment Option – With this payment option on your website or checkout page, now your customers can avail and pay using the EMI facility via credit card of all leading banks as per their convenience 

How to Enable PayU on your Shiprocket Social Store

Merchants can easily integrate PayU payment gateway on their Shiprocket Social online store by following the simple steps below:   

1. Login to your Shiprocket Social (https://sellers.shiprocket.social/) account and click on the “Payment Options” button on the left-hand side of the Dashboard to access the available Payment Gateway options. In the drop-down menu, click on “PayU” & proceed.

2. You will land onto the PayU configuration page (below) after clicking on “PayU”. You will be required to fill in your credentials such as PayU MID and Key & Salt details.  

• If you are already a PayU Merchant, you can find your Merchant Salt and Merchant Key from the profile section of your PayU dashboard. Click on the Profile tab at the top right corner of your PayU dashboard. Under the “Integration Details” tab, you will find your Key and Salt

• For PayU MID, go to “Profile” section on the right-hand corner, click on “general details “ and copy the Merchant ID

• If you don’t have a PayU account, then click on the “Register” button on the top right corner of the screen on Shiprocket Social. You’ll be redirected to PayU for account creation. You can sign up on PayU within minutes.  

3. Now, enter your merchant credentials, select the status as “Enable” & save to activate PayU payment gateway for your store 

That’s it! You have an online store with PayU as your payments solution provider. Wasn’t this simple?

Conclusion

Providing a great online purchase experience plays a crucial role in the engagement and retention of customers. Therefore, it is essential for you to provide a seamless checkout experience to your customers. And you can do that easily by choosing the PayU payment gateway as your payments solution provider in your Shiprocket online store.   

PayU has always been one of the most trusted and secure payments solution providers for making online transactions. Sign Up on PayU and take the next big step in your business, 

The post Jumpstart Your Online Store with PayU Payment Gateway & Shiprocket Social appeared first on PayU Blog.

The more time refunding takes, the more apprehensive customers get about the e-commerce brand. On the other hand, if you issue those refunds instantly, this encourages them to use your platform more and builds trust.  

At PayU, we constantly work towards bringing innovative payment solutions to improve customer experiences for all kinds of businesses. We’ve revolutionised how e-commerce businesses can initiate refunds, quickly and easily even for their COD orders!  

One of our innovative products, PayU Payouts enables merchants to provide instant refunds to their customers directly in their bank accounts. Read in detail about PayU Payouts here. 

Different Ways to Initiate Instant Refunds for your COD Orders  

First and foremost, sign up on PayU. You can use any of the following 3 ways to initiate instant refunds for your COD orders: 

1. Directly from Your Dashboard – Add details of the customer such as Bank Account Number, IFSC Code, Amount and other details in the CSV file and upload it on your dashboard; initiate a refund  
2. API Integration – It is 100% developer-friendly and easy to use. Click here to view API reference 
3. “Smart Send” with Payout Links – With our new Smart Send feature, you don’t have to worry about collecting and filling bank account details of your customers yourself! You can make payouts to anyone, anytime without collecting their bank account details manually! Click here to know how “Smart Send” Works! 

How PayU Payout Works  

You can provide instant refunds to your COD customers directly into their bank accounts in 3 simple steps:   

1.Add money in your PayU Payouts account – Deposit money in your Payouts Account provided by PayU through RTGS or NEFT 

2. Add Customer’s Details – Add details of the customer such as Bank Account Number, IFSC Code, Amount and other details in the CSV file and upload it on the dashboard (as mentioned above), along with the amount to be refunded. You can add multiple accounts and save them for repeat payments in future  

3. Issue Refunds instantly in just one click! – Your customers will immediately receive payments in their bank accounts 

Reasons You Should Already Be Using PayU to Issue Refunds for Your COD Orders

1. Helps in Increasing Customer Loyalty – Customers’ trust on an e-commerce store or business increases when they receive their refunds instantly, which also results in them coming back to your site again & again. Faster refunds makes customers happy and helps in retaining them 
2. Automatic Reconciliation of payments – The payments can be automated, and you can save time spent on manual reconciliation
3. Powerful dashboard – You can add money, track and download reports through PayU dashboard 
4. Initiate Refunds even on Bank Holidays – You can process refunds for your customers 24*7
5. No limits on the number of refunds that can be carried out in a day! 

This is what our Customers Say about PayU Payouts

“We use Payouts for disbursing payments. It is easy and we are able to track & download all reports easily from the Dashboard – Pravin Patel, MD, Maayo LLP” 

Conclusion 

You have an e-commerce business and offer great support to your customers. Why not enhance their payments experience by providing them refunds instantly and make it a memorable one? Who knows your first-time customers turn into your loyal consumers! 

You can not only initiate refunds, but disburse vendor payments, employee salaries and much more with PayU Payouts. To know more about Payouts and our other payment solutions,  

The post Ecommerce Businesses: Automate COD Refunds with PayU Payouts, Win Customer Loyalty appeared first on PayU Blog.

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: 

1. Create Your unique QR, share it with your customers or let them scan and make instant payments 
2. 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!

1. 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    
2. 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 
3. 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  
4. 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
5. Powerful dashboard – You can track your business performance on-the-go and make smarter decisions
6. 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:

1. 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
2. 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 
3. 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
4. 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.

In a bid to provide support to millions of micro, small and medium enterprises reeling under the impact of COVID-19 outbreak and lockdown, Finance Minister Nirmala Sitharaman announced a slew of liquidity measures including collateral-free automatic loan worth Rs 3 lakh crore for 4 years. This comes along with PM Narendra Modi’s push for going local!  

These measures will provide a big relief to around more than 45 lakh MSME units and help them get back on track. It will help ease the liquidity woes of businesses, improving their working capital, and cash flow. 

Booster for MSMEs

• INR 3 lakh crore collateral-free automatic loans for businesses, valid for borrowers with up to INR 25 crore outstanding and INR 100 crore turnover. Such loans will have a 4-year tenor with a moratorium of 12 months on the repayment of the principal amount. The interest will be capped, and the scheme can be availed until October 31 
• The government will provide stressed MSMEs with equity support by facilitating the provision of INR 20,000 crores as subordinate debt 
• A Fund of Funds being created to infuse approx. INR 50,000 crore as equity into MSMEs. The corpus of the fund will be of INR 10,000 crore 
• A new definition of MSMEs – Investment limit to be revised upwards, with additional criterion of ‘turnover’ also being added. This is so that MSMEs can grow and still get benefits. The units having a turnover of up to Rs 5 crore will be called micro-units 

• For government procurement, tenders up to INR 200 crores will no longer be on global tender routes. This is to make self-reliant India as also to serve ‘Make in India’ 
• E-market linkage across the board for MSMEs to help them find their market. Also, the government and CPSEs will honor every MSME receivables within the next 45 days

How Businesses can Avail these Benefits 

To avail the benefits and loans announced by the Government, you will need to register your business on the Udyog Aadhaar Memorandum (UAM) portal. You will need to self-certify your business and personal details such as bank account, Aadhaar card number, type of business, etc. There are no charges for registration.

What is UAM?

UAM was introduced to simplify the process for businesses to register themselves under Micro Small Medium Enterprise or MSME by filling a one-page online form. Earlier, the process was quite hectic and time consuming that required handling a lot of paperwork.  

However, with the introduction of UAM, things changed as the processes moved online. The primary motive to launch UAM was to offer a way to the government to provide the maximum benefits to businesses in the country, who are registered via MSME through their Aadhaar card number.  

Udyog Aadhaar Registration Process

The registration process of Udyog Aadhaar is quite easy. Here’s a simple step-by-step guide to register under MSME for obtaining UAM.  

Step 1: Go to the UAM portal

Step 2: Enter your 12-digit Aadhaar number, name and check the box of terms and conditions 

Step 3: Click on “Validate & Generate OTP”. You will receive an OTP on your registered mobile number. Enter the OTP. After verification, you will have to fill the online registration form 

Step 4: Fill in all the fields in the form:  

• Name of the business owner/enterprise 
• Category of the applicant – General, SC, ST, OBC, Others 
• PAN Number 
• Complete postal address of the company/enterprise – district, pin-code, state, email address and mobile number 

• Previous registration details of your enterprise 
• Date of commencement of business 
• Bank Account Details, along with the IFSC code of the concerned branch where your enterprise’s account is active 
• Type of Organisation – “Services” or “Manufacturing” 
• Total number of workers employed 

• Total amount of money (in lakhs) invested in business/enterprise 
• National Industrial Classification (NIC) Code 
• Details of District Industries Centre (DIC) 

Note – You will need to provide supporting documents for all the above-mentioned information in the form, in order to obtain Udyog Aadhaar for your enterprise. 

Step 5: Accept the declaration and submit your application 

Step 6: Re-enter the OTP sent on your registered mobile number and then click on “Final Submit” 

Step 7: Once the registration process is complete, an acknowledgment number will be sent to you via email

Step 8: After verification, Udyog Aadhaar Memorandum (UAM) Number is generated. Please note the same as there is no hard copy that you will receive. Based on this UAM number, you can avail various Central and State government benefits for MSMEs 

If you wish to update your Udyog Aadhaar details, click here. 

Udyog Aadhaar Registration: Benefits For You

1. Exemption from excise, direct taxes and when applying for government tenders, reduction in fee for filing patents and trademarks, loans with credit guarantee and more  
2. You will be eligible for availing government loans without guarantee, low-interest rates on loan, and easy loan 
3. Financial backing from the government for participating in global business expos 
4. Concession in electricity bills 

Conclusion

While there are many steps being taken by the government to combat the COVID-19 outbreak and ensure that businesses keep moving forward, it is the responsibility of all of us to follow the guidelines – maintain social distancing and avoid any physical contact by accepting payments digitally!  

As India’s leading payment service provider, we have a wide range of products that can help you accept, manage, and reconcile online payments easily – whether your business is online or offline. To know more about our robust stack of products,

The post Register on UAM to Avail Govt Benefits, Loans & Schemes appeared first on PayU Blog.

We are glad to share that PayU now offers automated merchant underwriting and risk evaluation, along with real-time onboarding – which it had offered since inception! While the industry average for end-to-end onboarding process – including activation, KYC validation, risk evaluation and settlement – is 10-15 days, the average time for PayU merchants has now come down to just 1 day!  

As pioneers in the industry, PayU is the first to introduce these unique offerings for merchants. With our advanced and cutting-edge machine learning techniques and AI-powered algorithms, merchants can now start collecting payments even faster! These technological advancements have improved speed of document processing and risk checks, based on our experience of underwriting over 3.5 lakh merchants.  

Also, since the underwriting and risk evaluation process is more accurate, it will help in minimizing business losses and cash flow problems commonly faced by merchants.  

Let’s Understand these Features 

Risk Evaluation: It is vetting merchants on compliance and credibility. For instance, whether the line of business that the merchant operates in is legal or not, what is the financial health of the merchant, is the merchant equipped to serve customers, and other parameters. 

Merchant Underwriting: It is one of the most challenging and complex tasks during onboarding. PayU leverages machine learning-based algorithms to underwrite merchants in real time. This is the result of our learnings and experience from underwriting more than 3.5 lakh merchants. 

Automated Onboarding: We have simplified and digitized a process which is full of hassles and very time consuming, significantly increasing merchant convenience.

Key features of Automated Onboarding: 

• No Physical Documentation and Digitized Process: Ensures that the business owner can go through verification process without leaving the comfort of her/his house! 
• Best in Class OCR Recognition: Minimizes delay and errors in processing documents   
• OTP-based Bank Verification and Streamlined Documentation (for certain categories of businesses) 
• Reduction of Human Error: Minimal human intervention as machine learning systems perform fraud detection and other security checks  

Look What our Customer Has to Say! 

“Our hotel is located opposite Bharatpur Bird Sanctuary, far from a city. For a business like ours, we would have had to do a lot of back and forth to complete KYC compliances. But with the help of PayU’s automated onboarding process, all these hassles were taken care of, allowing us to save time and effort. Now-a-days, it’s extremely important for a hotel to accept online payments, for which a merchant account is required. We were unsure about the process, but PayU has helped us in registering our business as a credible entity through their merchant underwriting and risk evaluation process. PayU helped us to receive all payments from customers quickly and helped our business operations to run effectively and efficiently. It also helped us to make payments conveniently to our vendors and avoid delays of bank transfers, which is a key factor in running a hotel business. We thank PayU for making this experience so convenient,” said Mr. Jaisal Faujdar, Managing Director, Swaraj Hotel. 

Conclusion  

Whether you have a cloth business or are in the travel industry, providing seamless checkout experience to customers is paramount to the growth of any business. At PayU, we leave no stone unturned to make sure that we provide the best online payment solutions to our merchants as well customers. 

PayU, India’s best payment gateway, is an all-in-one payment solution! To enjoy the best payment gateway experience and grow your business effortlessly, 

The post Frictionless Onboarding with Automated Risk Evaluation, Underwriting appeared first on PayU Blog.