UPI Payments Online for Merchants

What’s in store for you

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Benefits and Features

Payment Convenience

  • Avail unlimited UPI Collect payments through SmartHub Vyapar.

  • Simplifies payment collection with easy initiation through SMS, WhatsApp, or UPI ID.

  • Offers customers the convenience of paying through their preferred UPI-enabled app.

  • Customers can pay directly from their Bank Account, bypassing the need for a card or NetBanking details.

Smart EMI

Enhanced Security

  • Minimises security risks as customer data is not stored by the merchant.

  • Reduce security risks by eliminating the need to store customers' virtual addresses.

  • Transactions are processed without fees typically associated with card payments.

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Faster Transactions

  • Payments are settled instantly, ensuring faster cash flow.

  • Receive voice and SMS alerts upon successful transaction completion, keeping you informed.

  • Encourage the shift from cash-on-delivery to digital payments, enhancing overall efficiency.

Smart EMI

Business Growth

  • Attracts customers who prefer digital payments over cash or cards, potentially increasing sales.

  • Encourage the shift from cash-on-delivery to digital payments, enhancing overall efficiency.

  • To know more, download the SmartHub Vyapar brochure here.

Contacless Payment

How to Set Up UPI Collect to Receive Payments

You can initiate UPI Collect to accept online payments in three easy steps:

  • In the Payments section of your SmartHub Vyapar portal, tap on ‘UPI Collect’.

  • Enter your customer’s mobile number and the amount to be collected.

  • Tap on ‘Initiate Payment’.

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More About UPI Payments for Merchants

The key features of UPI for business include:

  • Real-time settlements.

  • No MDR.

  • High-value payments. 

  • Unlimited transactions.

  • Voice/SMS alerts.

  • Multiple payment request options (SMS, WhatsApp, UPI ID).

  • Cost-Effective: Low fees and no need for extra infrastructure.

  • Security: Two-factor authentication and no need for sharing bank details.

  • Customer Experience: Fast checkout and multiple payment options.

  • Increased Sales: Attracts more customers and encourages impulse purchases.

  • Cash Flow Management: Immediate fund settlements.

  • Transaction Records: Easy tracking and integration with accounting software.

  • Promotions: Easily provide discounts and loyalty programs.

  • Compliance: Meets RBI standards.

  • Future-Ready: Adapts to new technologies.

To initiate 'UPI Collect', you should:

  • Access the Payments section in the SmartHub Vyapar portal.

  • Tap on 'UPI Collect'.

  • Enter the customer's mobile number and amount.

  • Tap 'Initiate Payment'.

  • Send a request to the customer via the preferred method.

There are multiple ways to send a collect request:

  • SMS

  • WhatsApp

  • Directly to the customer's UPI ID.

Choose the method most convenient for your customer to ensure quick and easy payment completion.

*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

Frequently Asked Questions

To initiate 'UPI Collect' with SmartHub Vyapar: 

1) Go to Payments section at the portal. 

2) Tap 'UPI Collect.' 

3) Enter customer's mobile number and amount. 

4) Tap 'Initiate Payment'. You can send the request via SMS, WhatsApp, or directly to the customer's UPI ID.

The benefits of using SmartHub Vyapar for 'UPI Collect' include: unlimited 'UPI Collect' payments, high-value payment collection, real-time settlements for faster cash inflow, and voice/SMS alerts for successful transactions. It offers seamless payments without MDR, expands customer base, and minimises security risks.

For merchants:

  • Expands customer base.

  • Real-time settlements.

  • No MDR (Merchant Discount Rates).

To initiate 'UPI Collect' with SmartHub Vyapar: 

1) Go to Payments section at the portal. 

2) Tap 'UPI Collect.' 

3) Enter the customer's mobile number and amount.  

4) Tap 'Initiate Payment'. You can send the request via SMS, WhatsApp, or directly to the customer's UPI ID.

The benefits of using SmartHub Vyapar for 'UPI Collect' include: unlimited 'UPI Collect' payments, high-value payment collection, real-time settlements for faster cash inflow, and voice/SMS alerts for successful transactions. It offers seamless payments without MDR, expands customer base, and minimises security risks.

For merchants:

  • Expands customer base.

  • Real-time settlements.

  • No MDR (Merchant Discount Rates).

For customers: 

  • Convenient payments directly from Bank Accounts.

  • No need to enter card details.

  • Works with preferred UPI apps. 

  • It's secure, fast, and can replace cash-on-delivery, streamlining the payment process for both parties.