When you sign up with Zepo for your online stores, we offer you a FREE PayTM payment gateway. You get this free payment gateway on the following 2 pricing plans:
On the Starter Plan for a 6-months or a 12-months subscription
On the Pro Plan for any subscription
Even though we provide you this payment gateway for free, it is registered on your company’s name and shall remain your company’s property life-long!
Why a PayTM free payment gateway?
PayTM is one of India’s most trusted, reliable and secure online transactions platform. It offers services on the internet as well as on mobiles. It handles almost 15K mobile transactions everyday and this is the largest number of transactions happening on mobile across any platform in India. It is empowering major online sites like Snapdeal, Homeshop18, ITC Hotels, Dishtv, PVR, Bagittoday.com. And boasts of the best customer service in the market.
What do you mean by free PayTM payment gateway?
There are 3 kinds of charges that are levied when you go in for a new payment gateway A/C, namely:
Set-Up fee: The set-up fee is a one-time non-refundable fee that is paid to the payment gateway provider, to open your PG account.
Transaction Discount Rate % (TDR%): It is the processing charges you pay to the PG provider, per transaction. They deduct this amount from every transaction and pass on the rest of it to you.
Suppose a customer pays you Rs. 100 for a product. When your TDR is 6%, they would deduct Rs. 6. And deposit Rs. 94 in your bank A/C.
This TDR is always borne by you, irrespective of which payment gateway you choose.
Annual Maintanance Charges (AMC): AMC is the maintenance charge for your payment gateway A/C, which is collected once a year.
An important point to remember is that service tax is applicable on both TDR & AMC.
When we say a FREE PayTM gateway, this is what we mean.
Different Costs
PayTM Payment Gateway
TDR%
3%
Set-Up Fee
15,000 0
AMC
3,000 0
We completely waive off your PayTM PG set-up fee as well as the AMC. And your TDR% is brought down to just 3% per transaction.
If the above TDR rates seem high for your business, you can upgrade to a 2% TDR payment gateway for an extra Rs. 7500 one-time set-up fee.
What are the payment options available with the PayTM payment gateway?
All possible payment options are available with PayTM, including accepting payments by Credit and Debit Cards and Net banking options.
Payment Options
Available Options
Credit Cards
Master Card and Visa
Debit Cards
All Debit Cards
Net Banking Options
12 Banks
PayTM supports 12 banks in total, which are listed below. These banks cover 75% of all internet transactions in India. And PayTM adds new banks every week to its list.
Axis Bank
CitiBank
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
State Bank of Bikaner and Jaipur
State Bank of India
State Bank of Indore
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
What is the process of signing up for an PG A/C with PayTM?
To sign up for a Payment Gateway A/C with PayTM or any other PG provider in India, 2 main things are needed from your end.
Your brand should be a registered entity (sole proprietorship, Pvt. Ltd. Public Ltd., Limited Liability or anything else), and
A Current Bank A/C
The other documents that will be needed are your generic documents like your PAN Card, electricity bill, etc.
So once you have all this in place, you are all set to get yourself a FREE PayTM payment gateway for your Zepo stores, where your Set-Up Fee and AMC are completely waived off. And all you need to pay as TDR is 3% on every transaction.
How long does it take for all payment options to start working?
Once you submit all the required documents, the payment gateway will take 15-20 working days to activate all payment options.
Initially some of the net-banking options are activated on your payment gateway. Then Mastercard and finally Visa is activated.
So, in all it takes them 15-20 working days to complete the activation of all payment options entirely.
What name will appear in the bank/CC statement of the client when s/he makes a purchase on our site?
In all cases, whether you take a free payment gateway from us, or get your own, it would be your business name that would appear on the bank statement.
As mentioned earlier, the payment gateway that we give to you for free, is actually registered in your business name and so it belongs to you.
And therefore, on all credit card statements and also on the payment page, it would be your business name that would appear.
PS. We do offer other free payment gateways too. You can follow this link, to check them out.