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
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.
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.
You can Host Digital Products:
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.
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.
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.
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.