Another area that has seen enormous growth is online transactions. Fueled by demonetization as well as the pandemic, the volume of online transactions has escalated to 45.6% in tier 2 cities and 54.3% in tier 3 cities. (Source: Economic Times) 

Businesses, as well as consumers, prefer online transactions as it ensures greater safety and is an easy process importantly, it eliminates the hassle of withdrawing cash or coming in close contact with anyone.  

With the growth of both small businesses and online transactions, it is very easy to put 2 and 2 together and conclude that online transactions form an essential part of small businesses as well. For instance, consider the owner of a cloud kitchen who collects and delivers orders offline and doesn’t have a website or an app. Or a freelancer who gets paid by his/her clients on a weekly basis. Or an online tutor who has to do online fee collection. How do they go about getting paid? 

It is in such situations that small businesses feel the need to have a payment solution that can help them receive payments with minimum hassle. This is where PayU Payment Links comes to the rescue of such businesses! 

What Are Payment Links? 

The PayU payment link is a simple URL to collect payments. Links are the easiest way to collect payments from customers or clients. All you need to do is create and share the link with the person from whom you are expecting payment. 

What adds to your convenience while using payment links is that once you have created a payment link, you can share it with your customers via any social platform that suits you viz a viz, WhatsApp, Facebook and Instagram. 

What Is The Process of Creating PayU Payment Link? 

As far as creating a payment link is concerned, it’s a simple 2-step process wherein you create and share the link or link payment with your customer. On receiving the link, your customer has to click on it and then fill in their basic details and proceed towards payment checkout where they can select from the available online payment methods and complete the payment. 

How Do PayU Payment Links Benefit Your Customers & You? 

Here are some ways in which payment links can be helpful for your customers as well as your business: 

• Create links individually or in bulk via dashboard or API  
• Track your payments in real-time 
• Accept partial or full payments on the link, as per requirement 
• Give access to a sub-user to create a link/only view   
• Share payment links via any social platform or SMS or email with your customers 

Which Businesses Are Ideal For PayU Payment Links? 

• Businesses without a website or an app: If you are a business without a website or an app, then payment links are the best way for you to collect payments from your customers 

• Businesses selling in-person: With more and more customers preferring to pay online if you are a business that operates in-person, payment links are the most impeccable tool to ascertain smooth payment collection. 

• Businesses selling via multiple digital channels: Off late, there has been a drastic increase in sales via multiple digital channels such as Facebook, Instagram, WhatsApp, etc. In such cases again, collecting payments via payment links makes you look more professional. At the same time, your customers have the flexibility to pay via any mode they want. 

Conclusion 

To cut the story short, PayU payment links give you complete control over your business’s finances. Be it a single link creation or bulk, the process is a cakewalk. With links being an absolute no-code solution, you can comfortably use the product without requiring the intervention of any developer. Be it card payments or any other mode, the payment link will take only a few seconds. Hence, PayU payment links are the ideal solution to augment your business! 

FAQs 

The post Sell Higher, Sell Faster With PayU Payment Links appeared first on PayU Blog.

PayU India’s UPI payment links empower us to get payments remotely for the services and goods we provide to our customers. We can create a UPI payment link and the description of the products and services and send it to the consumers through SMS, Whatsapp, or email and collect the payment. 

UPI payment links are a no-code payment tool by which we can start collecting payments in minutes. Some UPI applications for which payment links can be created using PayU India are Bhim UPI and WhatsApp.

We can also use UPI payment link APIs to create UPI payment links. Consumers can pay through their preferred payment methods, and there are various supported payment methods like UPI, net banking, debit cards, wallets, credit cards, etc.

Payment links connect to the organization’s ecosystem and are compatible with offline and online businesses. Some of the use cases where the payment link can be useful are:

1. Small businesses: Merchants that do not have a website or an app can use UPI payment links, the easiest and best way to start receiving online payments.
2. Social media trade: Nowadays, various companies run their businesses through Whatsapp, Facebook, Instagram and Twitter. These merchants can easily share UPI payment links with their consumers for a quick payment option.
3. Utility services: Utility service providers can collect payments like electricity bills, telephone bills, insurance premiums, gas bills and so on using payment links.
4. EMI collections: Insurance agents and non-banking financial corporations (NBFCs) can use payment links to receive systematic investment plan (SIP) instalments, loan instalments, credit card bills, and so on from their customers.
5. Customized payments: Businesses can use payment links to propose special discounts to their customers for bulk purchases and can also use payment links for services like warranty, customised packaging, and so on.

How to Create UPI Payment Links 

Merchants can create and send UPI payment links to customers to receive payments using UPI applications. For the UPI payment link generator, we first require adding the products and the consumer details. Following this, UPI payment links will be generated, which can be shared through SMS, Whatsapp, email, and so on. Customers can make payments by clicking on the link and selecting a UPI app from the various UPI apps installed on their mobile. A maximum amount of Rs.1 lakh can be sent or received using a UPI payment link.

Steps to Create a UPI Payment Link

1. Go to the PayU India website and click on the Payment Gateway tab on the dashboard.
2. Select Payment Links on the payment gateway tab and select the Create Payment link.
3. Now select the tab ‘Create UPI payment link’.
4. In the payment details, mention the customer’s purpose for making the payment. Merchants have to keep the purpose clear and short to make the customer understand the reason for payment.
5. Set the expiry time limit of the payment link.
6. Fill in the consumer details like email id and mobile number to share the link.
7. Choose whether to send automatic reminders for payments to customers.
8. Merchants can also attach additional descriptions and link IDs for their reference, which customers cannot see.

Note: Partial payments are not permitted for payments using UPI payment links.

How to Create a Payment Link Via PayU?

1. Go to the PayU India website and click on the Payment Gateway tab on the dashboard.
2. Select Payment Links on the payment gateway tab and select Create Payment link.
3. In the payment details, mention the customer’s purpose for making the payment. Merchants have to keep the purpose clear and short to make the customer understand the reason for payment.
4. Select Permit Partial Payments if you accept payment in instalments from consumers.
5. Set the expiry time limit of the payment link.
6. Fill in the consumer details like email id and mobile number.
7. Choose whether to send automatic reminders for payments to customers.
8. Merchants can also attach additional descriptions and link IDs for their reference, which customers cannot see.

Merchants can also create more than one payment link at one time using the batch feature. For this, they will have to fill in all the details required in a file and upload the same in the batch portion.

FAQs

The post How to Create A UPI Payment Link and Collect Payment Through It? appeared first on PayU Blog.

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.

Here are 6 tips to improve your business’ cash flow.  

However, collecting payments smoothly and keeping a track of them manually could be a toilsome as well as crucial task, especially if you are a small or medium sized business. It is a hassle to keep track of all the bills and invoices, who has made the payment and who has not and sending multiple reminders to your customers for payments.  

Our first suggestion to you on this would be: Save paper, and move everything online!  Secondly, find a payment solution that helps you grow, apart from streamlining your payment process! 

You may come across many payment solution companies who would ask you to build your company’s website and integrate their payment gateway to start collecting and managing payments.  

At PayU, being the best payment solution providers, we understand it takes time to build a website and make it functional! And honestly, you don’t have to build a website just for the sake of collecting online payments. You can easily collect online payments form your customers with PayU Payment links, in just these 3 simple steps:   

Create PayU payment link

Share link with customers via WhatsApp, Facebook, Email or SMS 

Get paid directly into your bank account 

So, how do you create PayU Payment Links?

There are 2 ways of creating payment links on PayUmoney dashboard:  

1. SMS/Email Invoice 
2. Request Payment 

Generate Payment Links for SMS/Email Invoice

1.Sign up on PayUmoney. If already a merchant, login to your PayUmoney dashboard.  

2. Click on “Other Tools” at the top bar. 

3. Now, click on “Email Invoice” or “SMS Invoice” to generate the PayU payment link.  

4. Let’s say you click on SMS invoice.  You will land on to a page like this:  

5. Fill in all the necessary details such as the name of your customer, his/her mobile number, Amount that has to be paid etc. you can also describe the product or service you offered. Then, click on “Send SMS Invoice”.  

6. While your customer will receive an SMS Invoice of a payment request from you through a payment link, you can share the same payment link via mail, WhatsApp or Facebook. There are no additional charges for creating payment links.  

You’ll be notified once a customer pays you!  

Request Payments by Generating Payment Links

1.Sign up on PayUmoney. If already a merchant, login to your PayUmoney dashboard. (same as mentioned above) 

2. Click on “Request Payment” 

3. Enter the “Amount” and “Payment description” & click on “Create”. 

4. Your PayU payment link is created! Copy it and send it to your customer via SMS, Email or WhatsApp and start collecting online payments within seconds.  

Wasn’t this simple?  So, say good-bye to paper invoices and hello to Online Payments now! 

Few Benefits of PayU Payment Links. 

1.Instant Online Activation – KYC happens online in 2 simple steps.  

2. All payment options available – Customers can pay via their preferred payment mode – cards, wallets, UPI and others. Your customers will see a screen like below on clicking on the PayU payment link: 

3. No monthly collection limit – Collect as much payments as you want.  

4. Customers don’t need any app – Customers simply click on the payment link to pay you.  

5. Track payments easily – Track your payments and know their status from a single platform. You can also “download report” in excel format and use it. The report will give the payment break up including GST and other taxes/fees charged!  

6. World class security – PayU is PCI-DSS compliant & all transactions through us are 128 bit SSL encrypted.   

Read here to know in detail how secure are your payments with PayU? 

Conclusion 

PayU payment links have enabled many businesses to collect payments online, without having a website or a card machine! In fact, it is the simplest and easiest way of collecting online payments from your customers. So, create a PayU account now and start managing your transactions hassle-free.   

The post How to Accept Payments Online Using PayU Payment Links? appeared first on PayU Blog.