Let’s say you have a business. It could be anything from selling your products on social media to providing courses online. Have you thought about how you’d get on with it?
If you don’t have much clarity, let’s tell you. The most knotty dilemma will most definitely be about collecting payments. Does that sound right to you?
If yes, you’re at the right place.
The single, most toilsome aspect of owning a business is collecting payments, especially if you have a small to medium-sized business.
You’re likely to find n number of payments solutions companies telling you otherwise. But we’re a payment solutions companies too, and we really understand how difficult it can be.
Let’s talk about the many hurdles that all revolve around collecting payments you’ll face, right from the start.
The very first thing – you need a website. Why? Because you need a Payment Gateway integration.
“That doesn’t sound so difficult.”
“Building a website is easy. Why not?” You may ask.
Sure, building one is easy. But building a highly functional website takes a long time. And, a lot more efforts of a highly skilled developer. Now, let’s consider the cost. A good website doesn’t come cheap. Because let’s face it. The website is a rendition of your business, and you don’t want a lousy website now, do you?
So, more time, more money.
Next, let’s talk about hosting your website. Does that come cheap? Absolutely not. So, more money spent there.
And, a website is like a baby. It needs constant care and looking after. Which means, more time and efforts even after having a developed website because it needs maintenance. This also translates to more cost.
A Payment Gateway integration may take more time depending on the complexity. Sometimes, it simply doesn’t make sense to spend all that much money, time, and effort, especially if you’re just starting out.
So, how else would you go about collecting payments from your customers?
Would you believe it if we told you all that we spoke about just a few moments ago are entirely arbitrary? If you really want to go ahead with doing all those things, please go ahead. But let’s tell you that there’s an exceedingly straightforward way you can collect payments without having to go through those hurdles and by spending a fraction of the cost.
Razorpay Payment Links
With Payment Links, your business may not even need a website. And, you don’t have to get one just for the sake of collecting payments. You can make use of Razorpay Payment Links to generate a Payment Link in a jiffy, and share the link with your customer via email, messenger, text message, and more!
All they have to do is click on the link. They’ll be taken to a checkout page where they can enter their particulars, choose from the many payment modes we support, and voila! You receive the money paid by your customer!
Let’s say you already have a website. Then, you just have to simply place the link at your “Pay Now” button.
Sounds easy, doesn’t it? Let’s dig a little deeper.
Razorpay Payment Links is built to directly adapt with your ecosystem, giving your customers the best checkout experience.
So, how do you create a Payment Link?
Simple. All you have to do is log into your Razorpay account to get access to our oh, so powerful dashboard. This dashboard allows you to create a Payment Link where you can specify the info you wish to collect from your customers while setting the payment amount and the expiry date of the Payment Link.
What are the various payment modes supported by Payment Links?
Using Payment Links, your customer can pay via:
- Credit card
- Debit card
Imagine you’re dealing with 100s of customers. Do you create a 100 Payment Links manually to send one to each of your customers? No.
You can generate 100s of Payment Links at the same time without going through with it one by one. All you have to do is upload a .csv or .xlsx file with the customer details and amount.
Your 100 Payment Links are ready in one shot! Learn more.
Let’s say your customer is making a huge purchase and you want to give them the flexibility to make the payment in parts. Does that work?
Of course, it does!
With Payment Links, your customer doesn’t have to worry about making a bulky payment all at once. They can pay an amount as an upfront token amount or an advance payment.
Your customer is notified about all the payments made against an order via mail and SMS. You, on the other hand, can learn about the payment status and additional information through Razorpay webhooks.
Notifications include whether a partial payment was enabled for the link, the amount paid, and due amount on the link at the time, etc.
Your customer can also make multiple partial payments against an order through the same Payment Link.
You can enable Partial Payments via the Razorpay dashboard.
Few more features of Payment Links
While Razorpay Payment Links are simple to use, it’s also very powerful and versatile.
1. Personalise your Payment Links
You can customise the look and feel of the checkout page your customer is redirected to on clicking the Payment Link. You can do so from the dashboard.
2. Automate your payment collection
Automate the generation of Payment Links and collection of payments, through our powerful APIs.
3. Get notified on payment collection
Keep your systems in sync at all times with our automated webhook notifications each time a link is paid.
4. Make informed decisions
The dashboard is truly your best friend because it gives you some compelling insights and elaborate reports using real-time data.
5. Collect payments from all over the world
Razorpay supports 100 currencies from all around the world! Take your business to new heights by expanding it to a global audience.
What are the charges for using Razorpay Payment Links?
There is no additional charge to create payment links. Only the standard payment gateway fees of 2% per transaction apply.
Get all of this with complete security since Payment Links is a part of the Razorpay’s core platform. Your Payment Link is secured by an industry standard 100% PCI DSS compliant and certified solution.
Razorpay Payment Links boasts of 5,000 customers as of June 2019 with the likes of Printo, Treebo, Drivezy, Paisa Bazaar, and many many more!
What are you waiting for? Supercharge your business with Razorpay Payment Links today!
TL;DR? Check out the video below to find out how you can accept payments using Razorpay Payment Links.