Advantages

• Instant Creation
  Generate Customer Identifiers and virtual UPI IDs in real-time via the Dashboard and APIs.

• Personalization
  Create custom UPI IDs to match your business needs and branding. For example, rpy.acmecellno8449472988@icici and rpy.acmevendorakashkumar@icici.

• Multiple Payment Avenues
  Enable customers to make payments via NEFT, RTGS, IMPS and UPI.

• Automatic Reconciliation
  Eliminate the difficulty of manual reconciliation and save time and cost.

• Account-level Visibility
  View and manage every payment received from customers.

• Real-time Notifications
  Get real-time notifications on payments with Webhooks.

Use Cases

Here are some examples of how Smart Collect enables you to accept payments.

• Single, large one-time payments
  Accept large one-time payments via NEFT, RTGS, IMPS, or UPI by generating a Customer Identifier or UPI ID and sharing the details. Razorpay will notify you of payment and account can be closed.

• Regular payments of large volume
  If you want to send customers regular invoices for payments of large volume, you can create a Customer Identifier or UPI ID for them and share the details, the customer can add:

  • The bank account as a beneficiary on their preferred netbanking portal and transfers the money using NEFT, RTGS or IMPS
  • The UPI ID on their UPI payment service provider app such as Google Pay and transfers the money using UPI. Razorpay notifies you every time a payment is made towards the account, thus simplifying the reconciliation process.

• Campaign or event-based payment
  Use Razorpay's Smart Collect to create a unique UPI ID for each campaign and receive notifications for each payment made to those IDs, eliminating the need to identify the source of each payment.

• Single Customer Identifier, Multiple Customers
  If you want to accept payments from multiple customers using a single customer identifier, you can create a customer identifier and share the details. Customers can make payments to the same customer identifier. You can reconcile the payments using our

  webhooks

  and

  reports

  .

Prerequisites

Smart Collect

1. Ensure that you do not fall under the Individuals merchant category as Smart Collect is not available for this Merchant Category Code (MCC).
2. Read and understand the

   pricing model

   and have the

   API documentation

   for Smart Collect handy.
3. Ensure that the business use case is well charted. Smart Collect supports many customers - one account and many customers - many accounts models.
4. Raise a request through a Point of Contact (POC) or the Dashboard to enable Smart Collect for your account.

Smart Collect TPV

1. Raise a request through a Point of Contact (POC) or the Dashboard to enable Smart Collect TPV for your account.
2. Do check the

   list of banks

   which support Smart Collect with TPV.

Pricing

We charge a standard platform fee of 1% up to a maximum of ₹10 on every payment received via Smart Collect. Let us understand this with some examples:

• If the payment received is ₹10,000, Smart Collect platform fee will be ₹10.
• If the payment received is ₹50, Smart Collect platform fee will be ₹0.5 (1% value of ₹50).

Related Information

• How Smart Collect Works

• Customer Identifier States

• Auto Third Party Validation (TPV) on Smart Collect

• Smart Collect APIs

• Subscribe to Webhooks