Perform Third-Party Validation Using Payment Links
When customers enroll in schemes offered by businesses in sectors such as Securities and Wealth Management, they are required to submit details of the bank account through which they would be making the payments.
As per SEBI guidelines, for businesses operating in the aforementioned sectors, transactions must be made by their customers exclusively from these pre-registered bank accounts.
Using Razorpay Payment Links TPV feature, you can comply with the regulatory guidelines in a manner such that the customers make payments only from their registered bank account. TPV stands for Third Party Validation. This feature is made available only to businesses operating in Mutual fund, Securities or Brokerage sectors.
As a securities and wealth management business, you can use Razorpay Payment Links to accept payments from customers in different stages of their lifecycle:
Adding funds to trading account at the time of onboarding
Upon completion of customer onboarding process, you can send Payment Links to remind customers to add funds to their trading accounts and start transacting.
Opening a D-MAT account with the initial transaction
If customer was unsuccessful with creation of D-MAT account due to payment issues, you can send a Payment Link to the customers to avoid drop off at this stage.
Topping up the trading account balance
Payment links can be used to notify your customers of low trading balance and help them add funds to it.
This is an on-demand feature. Please raise a request with our Support team to get this feature activated on your Razorpay account.
You can perform third party validation using Payment Links by passing the following parameters along with the Create Payment Links API request.