{"id":5358,"date":"2021-01-05T17:53:57","date_gmt":"2021-01-05T12:23:57","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=5358"},"modified":"2022-12-22T19:06:43","modified_gmt":"2022-12-22T13:36:43","slug":"a-freelancers-success-story-with-razorpay-instant-settlements","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/a-freelancers-success-story-with-razorpay-instant-settlements\/","title":{"rendered":"A Freelancer&#8217;s Success Story With Razorpay Instant Settlements"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">India has one of the biggest freelancer workforces across the globe. The Indian gig economy\u2019s size is expected to have a <\/span><span style=\"font-weight: 400;\">CAGR of 17% and is likely to hit $455 billion by 2023<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, following their passion was never a cakewalk for freelancers. The pandemic made it close to impossible.<\/span><\/p>\n<p><b><i>Being hit hard by COVID-19, many freelancers worried if this would be the end of their careers.\u00a0<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">We at Razorpay believe in uplifting businesses of every size from the ground up. Our vision for <\/span><a href=\"https:\/\/razorpay.com\/capital\/\"><span style=\"font-weight: 400;\">Razorpay Capital<\/span><\/a><span style=\"font-weight: 400;\"> was to become a force of growth for businesses who were impacted by COVID-19. And we did it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, we are proud to share one such success story of a freelancer, Upendra Sharma, who made his dream a reality against all odds.\u00a0<\/span><\/p>\n<h2><b>Hurdles faced with business expansion during COVID-19<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Upendra runs a personal grooming business in West Bengal catering specifically to weddings and parties. Like many freelancers, <\/span><span style=\"font-weight: 400;\">he<\/span><span style=\"font-weight: 400;\"> quickly realised that taking his business online during the pandemic was no longer optional. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>\u201cI realised a website and an app are the least I should have if I want to grow in an increasingly digital world\u201d,<\/strong> says Upendra.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once he started marketing online on Social Media, the next thing in line was to have a smart payment partner that fits his business needs during &amp; after the pandemic.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a socially distanced world when contamination of currency is a big scare, <\/span><a href=\"https:\/\/razorpay.com\/payment-links\/\"><span style=\"font-weight: 400;\">Razorpay Payment Links<\/span><\/a><span style=\"font-weight: 400;\"> were a perfect solution for him. Upendra was able to<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Send payment links to his customers via WhatsApp, Instagram, Facebook, and more and get paid instantly<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Allow them to make <a href=\"https:\/\/razorpay.com\/docs\/payment-links\/partial-payments\/\">partial payments<\/a> in case of large amounts\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Automate payment reminders\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Set up the payment process without any tech effort\u00a0<\/span><\/li>\n<\/ul>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_freelancer_success_story&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener noreferrer\">Start Accepting Online Payments<\/a><\/div>\n<div><\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">To keep growing his gigs, he needed capital to ensure uninterrupted supply of materials. \u201cPaying vendors on time was not just a matter of credibility but also getting the supplies for future orders on time\u201d, says Upendra.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He narrates an incident that many freelancers and small business owners would resonate with.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOne day, a cosmetics supplier showed up wanting to get paid and I had just received payments from my customers online. With the standard settlement cycle, I would only receive money in the bank after two days.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>\u201cI wanted a solution that allows me to access my money instantly\u201d.<\/strong>\u00a0<\/span><\/p>\n<h2><b>The successful leap with Razorpay Instant Settlements\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Delayed settlements mean operational gaps for a business. With <\/span><a href=\"https:\/\/razorpay.com\/capital\/instant-settlements\/\"><span style=\"font-weight: 400;\">Razorpay Instant Settlements <\/span><\/a><span style=\"font-weight: 400;\">businesses can have a ready inflow of cash every time and meet cash requirements without any hassles.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cRazorpay Instant Settlements allowed me to settle all the accepted payments in one go within a few seconds. With money being credited directly into my bank account, I could pay my vendors on time and maintain my credibility.\u201d\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Being witnesses to the struggle business faces to get access to capital the conventional way, our focus at Razorpay has been on giving our customers the best experience while solving their cash flow challenges.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe technical support of On-demand settlement is constructive &amp; quick. To enjoy a hassle-free payment solution, I would highly recommend Razorpay any time,\u201d concludes Upendra<\/span><\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_freelancer_success_story&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener noreferrer\">Get Instant Settlements For Your Payments<\/a><\/div>\n<h2><b>Grow your business with Razorpay\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">If you\u2019re on the path of following your passion like Upendra but are struggling to find funds, now you know where to look.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finance your business growth with instant settlements and quick business loans from Razorpay Capital.\u00a0<\/span><\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x\/?r=blog_cta_business_banking_freelancer_success_story&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener noreferrer\">Scale Your Business With Razorpay Capital<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Put a stop to delayed payments with Razorpay Instant Settlements. Get your customer payments settled within an hour, any time of the day.<\/p>\n","protected":false},"author":59,"featured_media":5360,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27,131],"tags":[],"class_list":{"0":"post-5358","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-banking","8":"category-customer-stories"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/5358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=5358"}],"version-history":[{"count":0,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/5358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/5360"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=5358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=5358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=5358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}