After monetization, digital payments have seen strong growth. People prefer digital payments to cash. This transition from a cash-centric economy to a cashless economy has created a need for large and small merchants seeking a simple, straightforward, hassle-free medium for collecting digital payments.
When a retailer goes online, the first item on his or her mind is the payment process. Because payments are not made and received in real time, as they are in an offline setting, ensuring these transactions safe and secure becomes a top priority for an e-commerce business. Here's where payment gateways come in.
Setting up a payment gateway was a massive undertaking until a few years ago. It used to take a lot of paperwork, verification, hefty setup costs, and technological know-how to get it to function. With PayG payment solutions, setting up a payment gateway for selling your items in India has never been easier.
Why Your Business Should Collect Payments Online
PayG Payment Gateway was created with the needs and requirements of all types of businesses in mind, particularly small and medium businesses
It has come a long way in a short time, offering a wide range of payment processing features to meet the needs of all types of Indian businesses. PayG, among other payment gateways in India, may be the best ideal because to its market-leading transaction discount rates (TDR) and the most dependable customer support services. These are the most important advantages of utilising PayG.
About PayG
PayG is the most straightforward method of collecting online payments. We are here to assist you in growing your internet business by selling your products or services to potential customers. If you don't have a website or an app, you can sell and collect money using PayG payment links.
PayG's features:
Zero setup fee
No maintenance cost
Fast on-boarding Process
No paperwork required
Fast settlement
Lowest TDR
Interactive interface to resolve disputes
Insights on how to grow my business
An amazing customer service (24/7)
Payment Link (For easy and user-friendly access)
PayG payment gateway's dashboard
Businesses can use the PayG dashboard to set up, run, and manage their payment gateway account as well as the rest of the payment suite's products. It gives you a quick look at recent payments, settlements, and refunds.
You can see immediate information about your business's performance, the number of payments received, and much more as soon as you register into your PayG account.
Start collecting payments via PayG
First, you need to provide basic personal information and business details, submit a business document, and create a merchant account with PayG.
These will be checked and verified as soon as possible by the onboarding team. If the verification is successful, your account will be activated and you can integrate PayG or use your dashboard.
PayG's payment link is a simple tool that allows you to create customized links that include details of the products your company sells. These links can be shared with customers via SMS, email, or WhatsApp. Payment Links is a no-code payment solution. No integration work is required and payments will be accepted in minutes.
Payout
Payout refers to the expected economic return or cash payment from the investment. There are so many important features, one of which is in return. PayG automates your Payouts workflows and handles the complexity of fund transfer and compliance, thus reduce opportunities for human error.
PayG Payouts used to send money to multiple people at the same time from anywhere
Easy Reconciliation
Payment links provides real-time data on direct transactions and payments on your dashboard. You can also dig deeper into transaction or settlement details in the Reports section. Comprehensive reporting can save a lot of time for your finance team.
Security Standards
PayG meets all of the requirements for building, implementing, maintaining, and continuously upgrading an information security management system (ISMS), which is designed to assist businesses in making their information assets more secure.
Compliance with the Payment Card Industry Data Security Standard (PCI-DSS)
The Payment Card Industry Data Security Standard (PCI-DSS) is a collection of rules for businesses that handle credit card information. This is to ensure that businesses adhere to technological and operational standards in order to safeguard and protect credit card data provided by cardholders and transmitted via card processing operations.
Conclusion
When choosing a payment gateway in India, you need to evaluate the number of payment options offered, ease of integration, and most importantly, support. We also recommend using two payment gateways so that you don't miss your customer's payments.
The outlook for Indian payment gateways is changing rapidly. Apart from traditional payment gateways, you can now use your mobile wallet to receive money. The government is also promoting digital payments by introducing UPI and Bharat QR.
However, this article contains all the features, pricing, setup process, and hands-on experience. If another payment gateway fits your business needs perfectly and you think you can save, give it a try.
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