We realize that payment gateways are priced rather highly. And for small businesses it means that the high cost of processing online payments would eat up margins. And that is why we offer you a free DirecPay payment gateway when you sign up with Zepo.
You get this free payment gateway on the following 2 pricing plans:
1. Pro Plan, on both 6-month and 12-month subscription
2. Unlimited Plan, on both 6-month and 12-month subscription
Even though we provide you this payment gateway for free, it is registered on your company’s name and shall remain your company’s property life-long!
Q: Why a DirecPay free payment gateway?
A: DirecPay is part of TimesofMoney. One of the most reliable payment gateways in India, DirecPay serves a wide range of online businesses ranging from travel to insurance and apparel to advertising. Some of the big names in this list include Google India, PolicyBazaar, Rediff.com, Indiatimes, Akbar Travels, 100bestbuy, etc.
Q: What do you mean by free DirecPay payment gateway?
A: There are 3 kinds of charges that are levied when you go in for a new payment gateway A/C, namely:
Set-Up fee: The set-up fee is a one-time non-refundable fee that is paid to the payment gateway provider, to open your PG account.
Transaction Discount Rate % (TDR%): It is the processing charges you pay to the PG provider, per transaction. They deduct this amount from every transaction and pass on the rest of it to you.
Suppose a customer pays you Rs. 100 for a product. When your TDR is 6%, they would deduct Rs. 6. And deposit Rs. 94 in your bank A/C.
This TDR is always borne by you, irrespective of which payment gateway you choose.
Annual Maintenance Charges (AMC): AMC is the maintenance charge for your payment gateway A/C, which is collected once a year.
An important point to remember is that service tax is applicable on both TDR & AMC.
When we say a FREE DirecPay gateway, this is what we mean- we waive off the set-up fee and AMC charges. Only the TDR charges remain and they are as follows.
In the Pro and Unlimited Plans,
|Free DirecPay Payment Gateway|
|Charges Levied||Pro Plan||Unlimited Plan|
|Set-Up Fee||15,000 0||15,000 0|
|AMC*||2,400 0||2,400 0|
|Credit Card/ NetBanking TDR||2.25%||2%|
|Debit Card TDR||1.25%||1.25%|
* AMC is waived off for the first year only. It will be applicable from the 2nd year onwards.
Q: What are the payment options available with the DirecPay payment gateway?
We completely waive off your DirecPay PG set-up fee as well as the AMC. And your TDR% is brought down considerably.
A: All possible payment options are available with DirecPay including accepting payments by Credit and Debit Cards and Net banking options.
|Payment Options||Available Options|
|Credit Cards||Master Card and Visa|
|Debit Cards||All Debit Cards|
|Net Banking Options||40 Banks|
DirecPay supports the following 40 banks for net banking.
- Andhra Bank
- Axis Bank
- Bank of Bahrain & Kuwait
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Catholic Syrian Bank
- Central Bank of India
- City Union Bank
- Corporation Bank
- Development Credit Bank
- Deutsche Bank
- Dhanlaxmi Bank
- Federal Bank
- HDFC Bank
- ICICI Bank
- IDBI Bank
- Indian Overseas Bank
- IndusInd Bank
- Industrial Development Bank of India
- ING Vysya Bank Ltd.
- J & K Bank
- Karnataka Bank
- Karur Vysya Bank Limited
- Kotak Mahindra Bank
- Oriental Bank of Commerce
- Punjab National Bank
- Punjab National Bank (Corporate Banking)
- Ratnakar Bank
- South Indian Bank
- State Bank of Bikaner and Jaipur
- State Bank Of India
- State Bank of Hyderabad
- State Bank of Mysore
- Tamilnad Mercantile Bank Ltd.
- Union Bank Of India
- United Bank of India
- Vijaya Bank
- Yes Bank
Q: What is the process of signing up for a PG A/C with DirecPay?
A: To sign up for a Payment Gateway A/C with DirecPay or any other PG provider in India, 2 main things are needed from your end.
- Your brand should be a registered entity (Sole Proprietorship, Pvt. Ltd. Public Ltd., Limited Liability or anything else), and
- A Current Bank A/C
The other documents that will be needed are your generic documents like your PAN Card, electricity bill, etc.
So once you have all this in place, you are all set to get yourself a FREE DirecPay payment gateway for your Zepo stores, where your Set-Up Fee and AMC are completely waived off. And all you need to pay is the TDR% on every transaction.
Q: How long does it take for all payment options to start working?
A: Once you submit all the required documents, the payment gateway will take 20-25 working days to activate all payment options.
Initially some of the net-banking options are activated on your payment gateway. Unlike other payment gateways, DirecPay activates Mastercard and Visa together.
So, in all it takes them 20-25 working days to complete the activation of all payment options entirely.
PS. If for the meanwhile, you would like an immediate solution, check out PayU Paisa. You can start accepting online payments in 48 hours. And continue using it till all payment options are activated on your payment gateway and even after.
Q: What name will appear in the bank/CC statement of the client when s/he makes a purchase on our site?
A: In all cases, whether you take a free payment gateway from us, or get your own, it would be your business name that would appear on the bank statement.
As mentioned earlier, the payment gateway that we give to you for free, is actually registered in your business name and so it belongs to you.
And therefore, on all credit card statements and also on the payment page, it would be your business name that would appear.
PS. We do offer other free payment gateways too. You can follow this link, to check them out.
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