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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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PayUMoney is a popular payment gateway that provides payment solutions for merchants and individuals. Founded in the year 2002, it is the flagship product of Naspers. The operations of PayUMoney are available in approximately 17 countries across the globe. PayUMoney also enables unregistered merchants or businesses to get access to an e-payment portal.
The payment portal provided by PayUMoney is very safe and secure and is used widely by many renowned merchants like BookMyShow, Jabong, Zomato, etc. PayUMoney has also partnered with many prominent banks of the country like HDFC Bank, ICICI, IndusInd and many others to ensure a pan India reach of the service of the application. You can find all that you need to know about PayUMoney right here on this page.
PayUMoney is an e-wallet or a payments application that has been set in the year 2002 and has been of huge importance for the Digital India vision of the Government. PayUMoney has global reach and can be used for numerous transactions like transfer of funds to another PayUMoney account or to the bank account of the customer. Since it can be used by unregistered businesses and small as well as micro businesses, this application can be used to reach the masses of the country and to the remotest parts of the nation where the concept of e-wallet may still be new.
Customers have to register with the PayUMoney application to enjoy the benefits of seamless payments and hassle free transfers along with many other benefits offered by the application. The detailed registration process for the same has been mentioned below.
In case of registration to be done by the businesses for using the PayUMoney application, such business entities have to provide the details of their company name as well as personal details. The businesses can then use the PayUMoney application to receive payments through the online mode or the point of sale mode as well as to transfer funds to their bank accounts and more.
PayUMoney is like any other e-wallet that can be used to make payments in a very secure mode as well as receive funds along with many other benefits that can be received by the customers like the benefit of recharging their mobile plans, using the application for travel bookings or movie bookings, get attractive offers and more. The various features of PayUMoney application are mentioned hereunder.
For customers
The various features of PayUMoney available for the customers are mentioned hereunder.
For merchants
Merchants get many benefits of registering with the PayUMoney application and using the same to receive payments from customers.
The various benefits enjoyed by merchants through PayUMoney application are mentioned below.
The process to make payments using PayUMoney is very simple and quick. The details of the same are mentioned below.
Customers can add funds to the PayUMoney wallet and enjoy unlimited benefits offered by the application. There are many modes to add funds to the wallet of the application i.e., through net banking or through credit or debit card. The details for the same are mentioned below.
Debit Card or Credit Card
The net banking option is another convenient option to add the funds to the wallet of the customer. The details of the same are mentioned below.
PayUMoney provides the customers the benefit of transferring the unused or idle money in the wallet back to their respective bank accounts. This feature ensures that the customer does not lose the money in the wallet and it is not misused or lost. The time taken for such transfer is a period of 7 days from making the request of transfer. The PayUMoney application charges a fee for such transfers. The fee charged is to the extent of 2.5% of the transfer amount. However, there are no charges on the amount transferred to the bank account if such transfer is of the refund amount received.
1. What are the charges levied on the merchants for registering with the PayUMoney application?
There are no charges levied on the merchants to register on the PayUMoney app.
2. What are the cashbacks received by the customers on payments through PayUMoney?
The customers can receive a cashback ranging from 2% to 10% of the amount paid through PayUMoney.
3. What are the charges levied on the transfer of money from wallet to the bank account of the customer?
The customer will be charged a percentage of the amount transferred to the bank account through the PayUMoney wallet. This percentage is up to 2.5% of such amount. There will be no such charge on the transferred amount if the amount to be transferred is received by way of any refund.
4. Can a person stop the services of PayUMoney application and resume the same after an interval?
Yes. Customers can stop or suspend the services of PayUMoney app at any time. The services can be resumed again by the customer at any point of time at their convenience without any additional charges.
5. When was PayUMoney set up?
PayUMoney was set up in the year 2002.
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