Damn, that's sad. Didn't know UPI transactions can be costly as well.

Data Analyst

It's not just UPI, it's payment gateway charges plus UPI

Generalist

I've been donating to an NGO on a monthly basis. They allow us to accommodate for the gateway charges for that particular transaction.   In my case its around 60rs or so for a 1500rs (thousand five...

I've been donating to an NGO on a monthly basis. They allow us to accommodate for the gateway charges for that particular transaction. 

In my case its around 60rs or so for a 1500rs (thousand five hundred) amount donated. Just wanted to understand if gateway charges are this expensive. Moreover this was a UPI transaction always. 

Its either PayU/ Razorpay ( I don't recollect well).

Payment Gateway Charges - Donation (NGO)

Payment Gateway Charges - Donation (NGO)- Grapevine

Welcome to Indian Startups's Private Community

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

Program Manager

Welcome to Fintech India's Private Community

100m Credit Cards in India. 😱 Next decade belongs to Consumers

Business Analyst

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

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

Founder

Welcome to Personal Finance's Private Community

I am currently managing an online business but all the 0 commission payment gateways have stopped onboarding (Paytm, cash free) 
My margins are thin but number of transactions are going to be a lot. 
Phonepe, razorpay take 1.8pc cut while I take 2.3pc  cost of each transaction.
It's like termite on my profit.

Need a 0% commission upi payment gateway

Analyst

Link: https://inc42.com/buzz/unacademy-fires-another-250-employees-to-turn-profitable/

Unacademy fires 250 employees to 'turn profitable'

Pathetic. How many times these so called another layoff?  
 This is pure scam. Such kind of CEOs and CTOs have no right to be at such higher places. These id*ots come to media and give lectures also. There should be some laws in place for layoffs. These People wake up and do layoff. Some get funding and then do layoff and some vice versa. Some fire and then again post about hiring next month shamelessly. It's like a fashion for the. Layoff is no more a last resort these days.  
 These kind of companies will surely go down the drain.  
 CEOs and higher management should be made to disclose their salary and perks so that junior employees should also know how much salary difference is there and is there really a need for cost cutting.  
 Of not, we should atleast stop respecting/ideologise such people. If possible stop using/promoting their products as well. Treat them the way they treat employees.

Software Developer

Operations Manager

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

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!)

I am planning to do some donation on my birthday and need good organizations that are trustworthy and reliable. Any suggestions..?? It would be nice if they provide 80G deductions also..

Any trustworthy org to donate to?

GPay convenience fee for recharge

Hey,

I just did a jio prepaid recharge of 749 on GPay and was charged 3 rupees convenience fee. I did not know that GPay charges convenience fee, So I just wanted to let everyone know.

GPay convenience fee for recharge

I have done some testing and it looks like the convenience fees are like this:

For recharge amounts of 1 to 100, there is no convenience fee, 

For recharge of 101 to 200 it's 1 rupee convenience fee, 

For 201 to 300 it's 2 rupees,

and for 301 and above, the maximum convenience fee is 3 rupees.

Google Pay now charging convenience fees for recharge

Welcome to Product Managers's Private Community

First post :)

Basically I want to figure out the best way to market a debit card for international spends.

We're offering zero forex, unlike literally anyone else. Just need to make more people aware of this offering since it's a big selling point. 

What is your experience with DCs from an international spends POV? What can be done better there? Any hacks to get people talking about it? 

Open to ideas/thoughts/criticism/feedback!

How to differentiate a 0 forex debit card??

Product Owner

AMEX is handing out 3 months free zomato gold membership to it's existing customers.

I hold MRCC, Gold Charge Card, smart earn and i received 3 months membership individually on all the cards for free!

Any AMEX card holder receive free Zomato Gold membership

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?

Do you guys use rupay credit card? I need recommendation. I will be using it mostly for upi payments. Reward structure should be decent.

Rupay credit card

Why Myntra is charging additional 20/- for every item ???? I have observed this from the past few days

Myntra - Platform fee

QR, those radios which can't play Arijit or Eminem and Fast tag was major revenue maker of Paytm.

Now see, how phonepe targetting that segment that too without a monthly subscription.

Ohh, yes.

It's a 1 time fee and that can be masterstroke for another decacorn PhonePe. ( ~13B )

Vss was caught sleeping on weekends.

Payment Gateway Charges - Donation (NGO)

Discover More

Indian Startups on

by Jordon Carmden

Razorpay

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

Fintech India on

by Kalan Lee

Stealth

100m Credit Cards in India. 😱 Next decade belongs to Consumers

Indian Startups on

by Kendall Everett

Stealth

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

Personal Finance on

by Kendall Lee

Tredence

Need a 0% commission upi payment gateway

Layoffs on

by Kalan Lee

Razorpay

Unacademy fires 250 employees to 'turn profitable'

Indian Startups on

by Aaron Gabriel

Small SaaS Startup

Bengaluru based startup lost 90% of revenue in one night

Fintech India on

by Kalan Carmden

Stealth

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

Misc on

by Dezi Carmden

Startup

Any trustworthy org to donate to?

Misc on

by Anise Lee

Student

Google Pay now charging convenience fees for recharge

Product Managers on

by Isaiah Vernon

Stealth

How to differentiate a 0 forex debit card??

Personal Finance on

by Kendall Vernon

Stealth

Any AMEX card holder receive free Zomato Gold membership

Indian Startups on

by Karilyn Carmden

Seed Stage Startup

Payment gateway options?

Personal Finance on

by Kendall Lee

MNC, Bangalore

Rupay credit card

Misc on

by Jordon Carmden

Capgemini

Myntra - Platform fee

Personal Finance on

by Kendall Carmden

TCS

PhonePe doing Moment Marketing amidst Paytm 🩸