Payment Routing - Success / BIN / Pricing Based
- A high conversion rate of transactions
- Unmatched user-experience
- Lowers shopping-cart abandonments and incomplete transactions
PayAid automatically routes payment through UPI, IMPS or NEFT to sellers, agents and vendors transcending preferred banks, payment modes, service charges and commissions while ensuring the compliance and audit requirements are met.
This flexibility in payment allows our users to take full-control of payment schedules, methods, refunds and reconciliations. This is especially beneficial in business models such as the online marketplace, crowdfunding apps, service aggregators, start-ups, etc.
PayAid offers a frictionless, speedy transaction which in turn encourages your customers to come back for repeated purchase. Your customer base and reputation increase empirically as the convenience factor is high.
PayAid provides a comprehensive solution with well-documented APIs which covers the following aspects of payments –
- Collection of payments through various payment modes
- Splitting of payment to retain a percentage cost as a service fee or commission
- Instant transfer of funds to vendors, business partners etc.
- Auto-reconciliation for ease of auditing
The growth of immediate payments has acted as a catalyst to develop a ubiquitous solution which can be used by all financial institutions, businesses, merchants and individuals.
- 6 Card Networks
- 12 Payment Gateway aggregators as in 2022.
- BNPL, All Bank Credit and Debit card EMI options.
- 16+ ATM card support
- 80+ Net banking services
- 16 wallet and multi-card payments