Payment Gateway Option - Discussion

[Kpawar04]

Best payment gateway for credit card payment and instant settlement for business purpose.
Atleast instant payment from credit card customers.

Razorpay not available for instant settlement for me any idea how I can able to turn on.

Which should I try?
Zaakpay
Razorpay
Cashfree

Any other please.

 

[yusuf646]

You can try Paytm Payments Gateway, which offers an instant settlement option for a small fee (may vary).

Visit here for additional information:

Payment Gateway in India to Accept Online Payments for Free

Payment gateway by Paytm offers the best success rate and enables businesses to collect through multiple Payment instruments, fast integration, and free online payments management

www.paytmpayments.com

 

[Kpawar04]

You can try Paytm Payments Gateway, which offers an instant settlement option for a small fee (may vary).

Visit here for additional information:

Payment Gateway in India to Accept Online Payments for Free

Payment gateway by Paytm offers the best success rate and enables businesses to collect through multiple Payment instruments, fast integration, and free online payments management

www.paytmpayments.com

Thankyou saved for future.
Currently I don't have any business proofs so can't verify in Paytm PG
Please suggest some other GW.

 

[yusuf646]

Thankyou saved for future.
Currently I don't have any business proofs so can't verify in Paytm PG
Please suggest some other GW.

Other options are PayU and PhonePe, but I don't recommend using them without the required documents.

Without business documents, most payment gateways create issues after a few transactions. They suddenly start freezing accounts and delaying settlements.

Zaakpay does not offer instant settlement as far as I know, so the only choice left to try out is Cashfree.

 

[Kpawar04]

Other options are PayU and PhonePe, but I don't recommend using them without the required documents.

Without business documents, most payment gateways create issues after a few transactions. They suddenly start freezing accounts and delaying settlements.

Zaakpay does not offer instant settlement as far as I know, so the only choice left to try out is Cashfree.

Any options to settle credit card payments or any wallets available for instant settlement for more than 1L.
Cause I don't want to carry pos to avail the payments and I don't that I will cross more than 5 transection a day through cc.

 

[yusuf646]

Any options to settle credit card payments or any wallets available for instant settlement for more than 1L.
Cause I don't want to carry pos to avail the payments and I don't that I will cross more than 5 transection a day through cc.

There are many UPI wallets that serve the purpose, such as Slice, Mobikwik, Amazon Pay, and PayZapp.

The charges are as follows:

• Amazon Pay: 2.36%
• Slice: 2.5%
• Mobikwik: 2.95%
• PayZapp: 2.96%

All of these wallets allow you to transfer money to your bank. However, I do not recommend using them for high-value transactions, as wallets are not designed for such transfers.

 

[Kpawar04]

There are many UPI wallets that serve the purpose, such as Slice, Mobikwik, Amazon Pay, and PayZapp.

The charges are as follows:

• Amazon Pay: 2.36%
• Slice: 2.5%
• Mobikwik: 2.95%
• PayZapp: 2.96%

All of these wallets allow you to transfer money to your bank. However, I do not recommend using them for high-value transactions, as wallets are not designed for such transfers.

Facing transaction declining for more than 50k cc to wallets. Is there any other option to take cc payments instantly to bank charges won't matter for me I can manage it till 3%.

 

[ravi0101]

Facing transaction declining for more than 50k cc to wallets. Is there any other option to take cc payments instantly to bank charges won't matter for me I can manage it till 3%.

cred rent or education pay

 

[Kpawar04]

cred rent or education pay

Settlement timing is upto 2 days can't take risk sometimes it fails and all amount get back to cc if fails then I will lose my gst.

On bharat pay qr can we pay through all credit cards???

 

[yusuf646]

Facing transaction declining for more than 50k cc to wallets. Is there any other option to take cc payments instantly to bank charges won't matter for me I can manage it till 3%.

I am unable to understand your actual purpose. Do you want to withdraw your entire credit card limit to your bank account, or do you have a business and want to accept credit card payments from customers?

Explaining your exact use case—what you actually want to do and why—will be helpful.

I don't recommend using any tricks for high-value transactions, as they are always risky. Even if you make a rent payment, it's a huge risk because, in reality, you are not actually paying lakhs in rent—it's just a false transaction.

The only easy and feasible option I can think of is creating a Paytm Merchant QR code and using your Rupay Credit Card to scan it. This method charges only 1.99%, and you can get a monthly transaction limit of around 3 lakhs for a normal KYC-verified Paytm Merchant QR. It also offers instant settlement for a small fee.

Downsides:
• You can use only Rupay Cards.
• Your merchant QR name should not match the name on your credit card, as some cards may decline the transaction if they detect this.
• I have no idea whether Paytm Merchant QR will be blocked due to your transactions being flagged as unusual activity.

 

[yusuf646]

On bharat pay qr can we pay through all credit cards???

No, the BharatPe QR is a UPI QR and only allows UPI and RuPay Credit Card payments.

If you are referring to BharatQR (not BharatPe), then yes, that QR can be used to accept all credit card payments (Visa, Mastercard, and RuPay). However, obtaining a BharatQR is not easy, as it requires business documents and a current account. If you have all of these, then you can apply for one.

Instant settlements are most likely unavailable in BharatQR.

 

[ravi0101]

Settlement timing is upto 2 days can't take risk sometimes it fails and all amount get back to cc if fails then I will lose my gst.

On bharat pay qr can we pay through all credit cards???

it's settle instant... i used the same recently