Integrating payment gateways for eCommerce business typically require an enterprise to be a registered entity i.e. A sole proprietorship firm, partnership firm, a Pvt. Ltd., Limited or any other society or government registration. You also need to produce all business and financial documents while applying for payment gateway account.However, there is a choice in an effort to sell online and start accepting online payments even without registering your enterprise. How is that possible? Well, right here’s the answer. PayuMoney is essentially a payment gateway solution supports both individuals and registered companies. Below is an overview of the PayuMoney payment gateway.
About PayuMoney Payment Gateway:
PayUMoney is a leading online payment gateway solution provider in India, which started operations in October 2011 and formally knows as PayuPaisa, since 2011, we have seen drastic improvements in their services, offering and now they are one of the fastest growing payment gateways in India. As of now, PayUMoney is powering more than 3,50,00 + merchants in India.
PayuMoney is the sub-brand of PayU India which is the flagship company of Naspers group which is a $25 Billion internet and media conglomerate listed on London and Johannesburg stock exchanges respectively.
PayuMoney is proven to provide state-of-the-art payment gateway solutions to online businesses through its cutting-edge and award-winning technology. PayuMoney aims to provide a safe and secure ecosystem that enables anybody to make or receive payments online, bringing convenience and trust through continuous innovation.
Features of PayuMoney Payment Gateway:
a) Go live within minutes
Other leading payment gateways required several days before your account go live, but with PayuMoney Payment gateway you can go live within few minutes. PayuMoney’s online activation process is designed in such a way to enable you to start accepting payments in less than 5 minutes.
b) Get settlement in your bank account
No need to open a new bank account for collecting online payments. By providing your bank account number and IFSC code you can link any existing Savings or Current account and receive payments in your preferred bank. Payumoney settles all cleared payments within transaction + 2 working days.
Also Read: CCAvenue India Payment Gateway Review
c) Wide range of payment options
PayuMoney payment gateway allows you to accept all leading online payment methods such as Credit/Debit card, netbanking, wallets & UPI based payments. With PayuMoney your business can now have more ways of accepting payments.
- UPI: PayUmoney provides UPI payment mode as a default checkout option so that customers don’t have to share sensitive bank information to complete a transaction.
- Credit/Debit Cards: Accept debit and credit cards from all card associations. A user can also save their card details to get a seamless experience when they visit your website/App next time.
- Netbanking: All major banks including 50+ banks.
- Wallets: PayUmoney gives your customers freedom to pay with their favorite digital wallet.
d) Your business at one place with PayuMoney
With PayuMoney you get integrated online dashboard to manage and track all your payments. You simply need to login to your PayuMoney account to get a snapshot of your business and take immediate action.
Also See: Payment Gateway Integration
- Transactions Management: Manage your transactions, refunds, disputes, and settlements from one single dashboard. Download reports across data segments or view real-time transactions and take business decisions immediately.
- Account Management: Managing your account has never been easy. Edit your business details, bank details, notification settings, webhooks and reporting easily at one single place.
- Dynamic Notifications: PayUmoney’s notification system allows you to be always informed about important events and take actions on the go.
- Responsive Design: Built with highly optimized & responsive web design approach. It automatically adjusts checkout page for any device be it smartphones, tablets, desktops or laptops.
- Auto Updating: Never worry about supporting new features and payment methods, once integrated get automatic updates.
- Easy to Integrate: All you need to do is, add a few lines of code on your page and enjoy the seamless payment experience!
e) PayuMoney Payment Gateway World-class Security Features
It’s not mandatory to have HTTPS (SSL) on your website in order to integrate PayuMoney payment gateway. All your transactions are secured with 128 bit SSL encryption and two-factor authentication. They have implemented 100+ security rules for each payment so you can focus on your business.
Pricing of PayuMoney Payment Gateway:
PayuMoney offers a simple and most hassle-free plan with ZERO setup fee or AMC levied with PayU Money. The only charge borne by you is the TDR% i.e. Transaction Discount Rate for all leading credit/debit card, net banking, and wallets. Also, TDR is applicable only when you receive a successful payment.