Instamojo– One of emerging e-commerce and payment solutions.It is PCI-Compliant It’s a Indian based online payment solution startup. It development center is in Bangalore. Okay. Lets get into its business offerings.
Main Benefits:
No setup Fee:
No setup fee for integration or account opening similar to payumoney , which is good compared to other payment startups like paytm, zaakpay.
Transaction Cost:
They are charging 1.9% as transaction charge which is ideally good for companies having medium volumes.
T3 Payouts:
Instamojo process 3 business day payouts, which is one of advantage compared to payumoney. But PayuMoney process payouts with maximum time of 5 business days.
Support:
They have live support and support portal for technical support.
Setup time:
You can open the account instantly and proceed with payments.
Ideal for:
Freelancers, Small and medium business for collecting funds online and startups based in India.
Multicurrency support:
They are supporting only INR. Foreign currency and cards are not accepted.
Other Features:
Payment Link:
You can create payment link through online portal or API and share with your friends or business through all platforms.
Request Payment:
They provide option to request payment by simply giving email id or mobile number for payment request.
Online Store:
Like payumoney, Instamojo also has online store where you can sell your products directly.
Plugins :
Presta shop, Open cart[1.5.x, 2.0.x], CS-CART, Woo commerce, Magento, Drupal. They also support in other integration as well.
SMS and Email:
Instamojo also has email and sms notifications for payment request, payments and payouts to bank accounts.
If you are looking for a payment gateway without complexity, this is ideal for one for payment collection.
Click the below link to get 500 RS Bonus for signup.