this is too vague for now. what are you building?

Not building currently, thinking on those lines. Refer to Cashfree payouts, Razorpay X for better perspective.

Key Account Manager

Product Manager

Currently most of the enterprises in PG domain have tapered down the idea of providing payouts services. Can anyone suggest some caveats before entering this domain?

Welcome to Fintech India's Private Community

Future of Payouts!

Future of Payouts!- Grapevine

Welcome to Indian Startups's Private Community

I work at this company since 2+ years, day before yesterday company received an email from one of the two payment gateways that they use for catering Indian and International users for both payments as well as payouts. Now since the gateway that was catering the international users banned the company's account, all of the international transactions went to 0 quickly which was more than 90% of the total revenue, additionally they fined the company for $425,000

Now the problem for the company is:
1. The transactions completely stopped
2. A large sum of money in the account as balance is on hold by the payment gateway accounting to approximately, 1/5th of fine.
3. The fine which the payment gateway is charging, doesn't have any underlying reason as why the fine amount is so big.
4 There's absolutely no reply from the payment gateway on the email hence no way to contact directly.

Now, the thing is company knew this day was possible but they had took preventive measures as well and weren't expecting this to happen anytime soon and atleast with a prior notice unlike which landed like a bomb with a brief (text only) email.

So there are features called radar and chargeback protection in the payment gateway which take some percentage of your transaction to ensure if there are some fraudulent/illegal transactions they will flag those transactions and prevent the customers (our company in this case) from getting disputes from the card owner/payee, having which of no use to the company. As per the terms, a threshold percentage of your transactions need to be disputed in order to be flagged as suspicious for the payment gateway which was way less in the company's case.

Although company too could have prevented this from just banning users whose payments were getting disputed by the card holders claiming they didn't authorise the purchase or either the user didn't deliver for what the payment was done by the payee. In either of the case banning that user was the ideal action.

Bengaluru based startup lost 90% of revenue in one night

Software Engineer

Welcome to Personal Finance's Private Community

Paytm and juspay

I’m building a SaaS that needs a payment gateway. Razorpay, stripe and cashfree can’t onboard new businesses because of some RBI regulation(since December 2022). 

What would you guys suggest I go with? Ideally I would need a PG that can split payments.

Payment gateway options?

Founder

Evaluating a couple of options 
Where does payU sit in terms of culture, mgmt, pay scale etc

Culture and Pay at PayU?

Hi people...

Would anyone know how much is the variable payout in companies like Swiggy or Zomato and is it a good option to take offer of 10% variable on total offer made specifically if moving to more expensive city like from Delhi to Bombay

Any valid info is appreciated!

Variable payout?

Growth Manager

Heard there are layoffs happening in cashfree in sales product and I think tech also.

Bad scenes :(

Cashfree Payment Layoffs

Don't know whether we should be happy or sad after hearing this

Software Developer

Becoz of GST many companies are pivoting or changing gaming algo to make players loose to pay GST. Game of chances are being launched

1. MPL , Launched betting games 
2. Zuppee , teen patti and betting games 
3. Games craft , rummy circle rigged card distribution
4. Tradex , Probo Mostly will shut down 
5. Rummy apps , Better opinion , tamasha and other small companies are planning to shut down RMG part
6. Nazara acquired RMG companies are unable to operate 
7. Octro is closing the RMG app. 

What more ? If anyone knows do share up.

RMG (Real money Gaming) companies going dead

Hoping they all close ASAP. 28% GST  is not enough. It should be higher at 50%.

Westerners used Internet and computing to design better planes and build better engines, our guys are using it to play cards.

Consultant

I knew my previous company was going under, but since there is a 6 months cooldown, there was no point getting one for me back then. I don’t want to make the same mistake again. 

Anyone that has gone through the entire journey?

Also, do they still payout if the company gave a good severance?

Has anyone tried Jobsurance and received a payout?

We were at rapid growth during pandemic, atleast E-commerce and now with the current payment gateway embargo - isn't this a concern for India growth itself. Is RBI getting any heat on account of this? This is going to reach its peak concern in another 2 to 3 months

Payment Gateways Embargo!

Product Owner

Kunal Shah’s first startup Freecharge was a disaster for everyone except early investors and himself. Freecharge failed the test of time and miserably folded while Kunal Shah became the gyaan king of Indian startup ecosystem. What would happen if Cred also folds which is quite a possibility? I guess that will be the irreversible bubble burst for Indian startup ecosystem. Thoughts?

What will happen if Cred fails?

Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???

Paytm and it's downfall

As cashfree, Paytm & Razorpay has stopped onboarding customers suggest new PG.

Suggest a Payment gateway for digital product apart from Razorpay & Cashfree.

I'm launching a new SAAS business and I'm stuck on choosing the right online payment gateway. I've been looking at PayU and Razorpay, but I'm open to exploring other options too!

Started new Business - PayU vs. Razorpay or Something Else? (Payment Gateway Help!)

How is this startup Rigi ? Heard they're doing 40-45Cr GMV/month and Profitable.

Program Manager

Heard from most people that there’s a lot of crunch. Wondering if anyone at their companies feels like their startup is growing despite the slowdown. 

Razorpay, CRED, and are seeing tighter regulations and downrounds. The food delivery companies have all gone through their down rounds and readjustment of expectations. Even SaaS most founders have a poor revenue/employee ratio and the india story is still yet to play out for the newer bets. 

Just yesterday Oslash announced it’s shutting down its app.

Any green shoots ☘️? And if there are maybe it’s a good thread for folks to try and hire.

Future of Payouts!

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