Instamojo Review – Free Indian Payment Gateway to collect Money Online

Want to collects payments online from your customers, relatives or friends? Want to Sell products online without creating any website and get the money in your bank Account? So stop here as I will be showing you how to do all this in FREE using Instamojo.


 You may collect payments via Credit Cards, Debit cards and net banking and get funds in your account in three business days.  Instamojo lets Indian users to collect payments online with an ease. The best thing about them is they don’t charge any setup fees like other payment gateway companies in India do. They have very  innovative  pricing structure and charges a little fees on every single transaction .

Instamojo – #1 free Payment Gateway in India

Instamojo Review

There are numerous of payment gateways companies in India like CCAvenue, Payumoney, CitrusPay, etc… But this all charge you for creating an account with them with approx. Rs.5000. But Instamojo is latest addition in the list here which has simplified collecting payments online. There are numerous of features which you will love and start using it right away.

What is Payment Gateway and how it Works

For newbies who still don’t k now the math behind PG. It is a gateway which enables users to pay online on their channel with Credit/Debit card and net banking. They have direct link from the banks which can deduct money and hence Payment gateway allows Companies, E-Commerce to use their resources, technology for collecting online payments with an ease. There is different pricing structure for different payment gateway.

E-Commerce is growing in India very widely and you can see thousands of online retailers and E-Shopping websites have enabled Payment gateways to get funds from their customers instantly. In these growing E-Commerce trends many new payment gateway companies have born because of wide profit and hence to compete with the earlier they are offering very low price structure and some of them like Instamojo and Payumoney are offering it in FREE. However they do charge a very little commission on each transaction amount.

Instamojo Features at a glance:

Instamojo knows how people want things fast nowadays, and that is why they have kept the process simple and easy to use.

Easiest Process :
You will love the simple process. You do not need to pay any upfront to start collecting credit card and net banking payments. They charges very little transaction fees on your purchase which is less than 5% and having different slabs for large and small amount of transactions.
Social is Integrated:
Social pay is new concept in content locking industry. If you don’t want to burden your readers or customers by money, you can ask them to pay via social share (Facebook and twitter) in return for your service or product.

You can Host Digital Products:

You can host Digital products
To do Business online you do not need a website. One may host digital products like eBooks, scripts on Instamojo servers without worrying. This makes all the process automated. Once the user pays, he/she will get the file for download.
In-depth Tracking
It allows you to track buyer demographics and other details which help in better focusing on audience and region. One may rack detailed sales report and how his/her products or services are performing.

UPDATE July 2016:  Instamojo is offering free ₹500 INR for new signups (only through  referrals) so you xan sign up on instamojo using my referral  link and get  free ₹500 in your bank account  when do any single  transaction on your account for any amount.

Instamojo Referral Program:

Instamojo recently announced their Referral program, which is win-win program for both the persons.

For example, If anyone signup on Instamojo through my referral link, He/She will get ₹500 in their bank account as a bonus and I wil also get the same amount as bonus.

P:S If you sign up without any referral link or code, You won\t get any signup Bonus, hence it is better to use anyone referral link to avail this limited time promo.

why choose Instamojo

Should you use Instamojo for your online business

Instamojo is great choice for initial level entrepreneurs , bloggers and new startups who wants a payment gateway & want to integrate with their system . However huge growing enterprises can upgrade their instamojo account by adding extra addons lile white label branding by paying extra cost.

hence instamojo  is completely flexible  for your business , once your Online business  grows , then you can upgrade your payment gateway resources easily.

How it Works?

  • At first you need to create and account and confirm your bank account details by providing them account statement or passbook scan copy.
  • Now you may Create your link or send an invoice to customer to pay you online.
  • Your customer can pay you via debit/credit cards and net banking.
  • You will receive an Email with the details of the transaction instantly.
  • The amount will be automatically get transferred in your bank account within three business days.
  • That’s it! All the processes is automated and you may also issue refunds to your customer from instamojo dashboard itself.

Instamojo Pricing

Instamojo’s bread and butter is  just 1.9% on every successful transaction.  
There is a 5% fee slab for Digital goods such as PDF, or tools which are hosted on their servers.

Final words:

I am personally using instamojo for my online business & selling ebooks. I love their unique features like payments via WhatsApp , bulk payment request, sms invoicing. I think you should give it a try

It is always better to be innovative and save money on online business fees. To be honest if you are using other popular payment gateways you will be charged with an upfront and heavy maintenance fees. Hence Instamojo is the best choice for Bloggers, Freelancers, Digital products sellers and Small scale E commerce websites.

So get set go to setup your account on I-mojo with the above link and you will get Free ₹500 in your bank account as Signup bonus.

Are you using any other payment gateway? Or have any suggestions to make this post better? Please share your views, questions with us via comments section below.

  • Review
  • Features
  • Summary
Ease to Use
Singup Process
  • No Setup Fees
  • Host Digital products free
  • Payemts via Whatsapp
  • Customized to your Business
  • Free SMS invoicing
  • Documents verification is not Instant
  • Customer support is pretty slow

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