This month, it has all been about new features and product updates. The most exceptional one being “Same Day Settlements” for our PayUmoney merchants.
With this new feature, our merchants will now be able to receive settlements on the same day of the transaction, via IMPS for the amount less than 2lac per day. Earlier, merchants used to receive settlements 2 days after successful transaction.
We know how important free flow of capital is for small and medium businesses to manage their day-to-day business and personal expenses. Therefore, we conducted a survey with our merchants to know if they were facing any issues and how else we can improve our products for them. Most of the merchants showed interest in getting settlements on the same day.
Their main concern was that they require capital to run their daily business operations, for which they rely on external sources. For instance, a person who has travel business, he has to buy/book tickets for his customers in advance. And receiving same day settlements would solve this problem for him.
We heard, we listened and now, we are thrilled to enrol this new feature for all our merchants, across India!
Key Benefits for Merchants:
- No need to rely on external credits for day-to-day business needs.
- Manage working capital requirement effectively.
- Freeze funds and invest more in business.
Merchants can start receiving same day settlements by simply getting in touch with their Relationship Manager and signing the agreement. Reach out to us here for further details.
We at PayU keep bringing in new features and updating our products for the convenience of our merchants. We recently launched another New Feature: Update Bank Account on PayUmoney by Yourself!
Whether someone has a cloth business or is in the travel industry, providing seamless checkout experience to customers is paramount to the growth of business. At PayUmoney, we leave no stone unturned to make sure that we provide the best online payment solutions to our merchants as well customers. PayUmoney is India’s leading payment solution provider. To know more,