Undeniably, the biggest currency for businesses and financial relationships in the ever-growing e-commerce ecosystem is trust. As a business owner, aggregator, or freelancer, it is your biggest expense when your customers cannot trust you with sensitive financial data while making payments from the other end of computer screens. The Razorpay Partner Program aims to revolutionize the Indian payments space by bridging this gap and benefitting you and your customers alike.
How does the Razorpay Partner Program work?
Partnering with Razorpay gives you two benefits. One, it nicely organizes all transactions with your customers, stakeholders, or subscribers. Two, it monetizes every payment made by your affiliates through its seamless payment solutions. Sounds too good to be true? Let’s understand how.
Once you sign up for this program by following our hassle-free signup process, you become a Razorpay affiliate. By associating with us, you get two additional passive income streams alongside your core business or professional receipts: referral bonuses and commissions.
1. Referral Bonuses
For every successful referral that you make by allowing your affiliates to make payment through Razorpay’s payment gateway, you earn a fixed referral bonus of up to Rs. 500 irrespective of the amount transacted.
On top of the fixed bonus on every referral, you also get to earn lucrative commissions of up to 0.1% of the total transaction value effected through Razorpay.
Those are just the rewards that you could quantify. The Razorpay Partner Program also seeks to help the growth of your business by easing things for you and optimizing your payment and invoicing experience as a whole. Here’s a list of the benefits you receive:
1. Extensive Partner Support
You could automate some complex business processes with access to services like bulk emailing, refund tracking and managing system, chatbot support, and a dedicated account manager.
2. Dynamic and Functional Dashboard
Generate comprehensive reports and statistics to analyse your payment, settlements, and refunds: an effective tool to reshape your decision-making approach.
3. Multi-currency Support
You can now accept payments from any part of the world with Razorpay’s gateway that supports over 100 different currencies.
4. API Driven Products
Razorpay also offers an array of ready-to-use integration kits for leading service providers, including Magento, WooCommerce, and Shopify, among others.
5. Diverse Product Portfolio
Razorpay’s end-to-end solutions, such as Payment Links, GST-compliant invoicing, Payment Gateway, subscriptions, etc., deliver a complete functional resolution to your payment and billing processes.
6. Preferential Sales Training
Razorpay offers dedicated sales training, marketing tools, and collaterals, equipping your business to rise above the competition.
How to sign up as a partner with Razorpay?
The Razorpay signup is a 100% paperless onboarding process.
If you are new to Razorpay:
- You first sign up for a Razorpay Account.
- Then, navigate to the Razorpay Partners Webpage to sign up as a Razorpay Partner with your email id and enter your business type in the pre-sign-up form.
- Once your email is verified, you can log in to your Partner Dashboard and choose your Partner profile – Reseller/Aggregator/Platform Partner.
- By completing the KYC process, you enable your account settlements and Activate your account. Voila! You can now start earning commissions.
Existing Razorpay merchants can log in to the dashboard with their existing credentials and follow the same steps as above.