PAYMENT LINKS COMPANY IN INDIA
What is Payment Link
The payment links are simply URLs that point the customer to a different website, created in minutes. When the customer clicks on the link, they are directed to a checkout page to complete the transaction.
How Does Payment Link Work
Payment Links allow you to create and share Payment Links via Email, SMS, or Whatsapp to get paid securely and seamlessly. It facilitates customers paying via credit/debit cards, net banking, wallets, or UPI. Replace tedious manual invoice reminders with automated emails and SMS messages.
India’s Top 5 Digital Payment Link Companies
The Online Payment Link In India 2022 is one of the most talked-about Fintech in India. In this blog, you will find a detailed explanation of the Online Payment link. One of the reasons for this growth is the increased adoption of online transactions due to the rise of online payment links, which gives customers the confidence to pay online.
Top 5 Payment Gateway Link Companies
Here are the top leaders in the payment link as of 2022, the topic of today’s article.
1. Easebuzz
2. Razorpay
3. Payu
4, Instamojo
5. Paypal
Easybuzz is a leading payment gateway-related business in India’s tier 1 and 2 cities. On the night of demonetization during the Week of Demonetization, Easybuzz saw a tenfold increase in money added to their wallets. The Easebuzz merchant base had grown to 10,000 from around 500 a year earlier by a year’s end.
The Easebuzz Payment Link Solution helps businesses create and share Payment Links across various channels like email, whatsapp, and net banking to make payments seamless and secure. This solution also helps customers pay via credit cards, debit cards, net banking, wallet, or UPI.
Easebuzz lets you automate and customize Emails and SMS reminders — so you can say goodbye to manual invoice reminders for good.
Easybuzz offers a wide variety of payment options, including India region options like UPI and Bharat QR. Their Netbanking options include Indian banks like SBI, ICICI, HDFC, Axis Bank, Kotak, Yes Bank, NEFT, RTGS, and IMPS.
Settlement through the Easybuzz payment gateway
After the payment through a payment gateway, each uses its settlement process and system to determine how quickly money appears in your bank account. Settlements are entirely automated with Easebuzz and take an average of two business days for domestic transactions, with T indicative of the payment’s capture date. The Easebuzz Dashboard has a Settlements tab where you can track a settlement’s status and its Unique Transaction Reference number.
2. Razorpay
In India, Razorpay provides payment solutions for businesses selling goods and services online. Founded by alumni of IIT Roorkee, Razorpay backed by Y Combinator, Matrix Partners, and Tiger Global Management. Today, Razorpay’s payment gateway has over 200,000 businesses.
The service is limited to Indian businesses that accept online payments. Razorpay focuses on technology and makes it easy to integrate with a merchant’s website.
3. PAYU —
With a Global Reach, PayU is a leading provider of financial services to emerging markets around the globe. Payu runs by Naspers, the South African giant in e-commerce. The company’s platform processes about 1.2 million payments a day across 16 growth markets worldwide.
Payments are received online without re-registering once you have a PayU account specializing in credit products and services for emerging markets across the globe. In partnering with local experts, PayU, customers can take advantage of the most suitable payment links (Credit Cards, Cash, and Bank Transfers) on their platform.
The following features are available:
Accept payment with Credit / Debit / UPI & Wallet based on PayU activated against your account.
Online Partially Refund by Credit Memo
Online Full Refund By Credit Memo
Order wise payment transaction history
All Transaction History
4. Instamojo
Sampad, Akash founded Instamojo and Aditya to solve one problem: making the internet an easy and trustworthy place for businesses to grow. It began with Payment Links, a link that you can copy and paste anywhere on the web and receive payments while you’re online.
Instamojo is launching a new eCommerce platform that allows anyone to open an online store for free on the forum. The online store also has every eCommerce feature a business could need. We are India’s easiest, most affordable eCommerce platform, trusted by more than 1million businesses.
Collect online payments. Use our flexible, reliable payment gateway to accept payments online. We provide payment links, embeddable buttons for websites, and integration with 100+ safe payment methods.
The mission at Instamojo is to provide MSMEs with effective payment solutions and business tools, as well as valuable connections. MSMEs are the backbone of the Indian economy and significant contributors to the GDP of India.
5. Paypal
It is probably the most popular payment processor in the world. Everyone has a PayPal account. This guide will teach you how to incorporate PayPal into your site. PayPal has an excellent payment link service that’s easy to set up.
A PayPal account can send cash to friends or receive money from customers. Paypal offers a unique payment link solution called Payflow that enables you to accept credit card payments online conveniently.
What is the difference between a payment link and a payment processor?
Payment processors send information about transaction details to the issuing bank, and the money is released to your bank account once the bank has approved the payment details.
Benefits of Payment Links:
Payment Links providers validate credit card transactions through a secure connection with the credit card network. (And debit cards, too!).
Your business has a choice of two payment gateway solutions.
You can use its secure payment site for checkout, or you can customize everything with a fully-customized solution.
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