PayUMoney Promo Code & Discount Coupons
How PayUMoney works
PayUMoney is an app made for the small and medium non-registered businesses to provide a payment gateway. The present digital world has made it possible to make transactions through different ways. PayUMoney Wallet provides an innovative way to collect money from the consumers and pay it to the sellers.
The conventional integration of payment gateways for e-commerce sites requires the registration of the businesses but PayUMoney relieves you from this restriction. The prerequisite for using this gateway is to have a saving account in Bank. It starts accepting online payment for a store in only 48 hours but the overall process takes 20-25 days to complete.
PayU Money is a leading payment gateway which started to come into its functionality in October 2011. To integrate this app with the online store, only three documents are required- Pan card copy, Identity proof and Bank Verification Letter (or cancelled cheque of saving bank account). If all your documents are ready then PayU Money offers immediate activation of payment gateway within 48 hours of receiving the papers.
The working process of PayU Money
- A customer buys any product from the store and makes payment through PayU Money.
- PayU Money receives payment on behalf of the store and sends a notification message to the store.
- After receiving the notification, the store dispatches the product to the customer.
- The customer receives the product and enters the order received details on PayU Money Merchant portal.
- PayU Money sends a notification to the customer to confirm the received order.
- When it confirms the delivery of products, the payment is transferred to the store owner’s bank account.
- If the customer does not confirm within 3 days then PayU Money transfers the payment amount to the bank account of the store owner at the end of 3 days.
It has saved the consumers from going through the complicated process of making the payment. It is taking a big risk for accepting the online payment without much documentation. The release of payment after being acknowledged by the customer shows that it provides a secure payment gateway. The PayUMoney Wallet service enables customers to pay for anything like Online Shopping, Mobile Recharge, DTH Recharge, Bill Payment, Utility bill payment etc.
PayUMoney Wallet Offer
PayUMoney Promo codes accept by Jabong.com, Flipkart, FoodPanda, Bookmyshow, Shopclues, Askmebazaar.com, Justeat, Dominos, Tastykhana.
The benefits offered by the PayU Money payment gateway are given below:
- Your business company does not require any registration.
- You only require an individual saving account not an account with the name of the company.
- There are few documentations required, namely saving bank account and PAN card.
- The payment gateway is activated within 48 hours.
- Payment is received by the store as soon as the customer confirms delivery.
The transaction is filled in the name of PayU Money making it trustworthy. There are a number of online stores which are integrated with this payment gateway for receiving the payment. It has simplified the mode of payment for the online transactions. You can manage your whole business through the mobile phone after using this PayUmoney Mobile app.
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