- Access to premium customers whose average order value is significantly higher than that of an average customer.
- Enjoy ZERO customer acquisition cost. Online businesses usually spend 30-40% of GMV on acquiring customers. Since your brand will be featured on the CRED app, it saves your marketing costs.
- Avail up to 15% higher conversions with 'one-click' payments.
Accept Payments using CRED Pay
CRED is an app that rewards their users with CRED coins on payment of their credit card bills. These points can then be redeemed for various premium lifestyle products and services. Your customers can make payments on your website or app using a combination of CRED Coins and Credit Cards saved on CRED.
For example, if a customer has shopped on your website for ₹10, they can choose to redeem CRED Coins worth say, ₹2 and pay the rest ₹8 using credit cards saved on CRED.
This is an on-demand feature which is not available by default. Get in touch with us to get this feature enabled on your account.
Given below is an illustration of the workflow:
Learn how to integrate CRED as a payment method for:
Revenue share will be calculated on the total payment amount and will be deducted along with the coin burn amount. Let us consider an example to understand this. The below table illustrates the settlement for a transaction of ₹1000 with 10% coin burn and 4% revenue share:
Amount (in ₹)
Discount availed using CRED Coins
CRED Pay Revenue Share
40 (4% of Transaction Amount)
7 (18% of Cred Pay Fee)
47 (CRED Pay Fee + GST)
Settlement to Merchant
853 (Transaction Amount - CRED Coins - Total Fee)