This allows you to automatically pass on the Instamojo transaction fee to your buyers.
- You create a payment link of Rs 1000 and send it to your customer.
- Customer clicks on the link to pay the amount that includes a convenience fee of Rs 27.14 (2% + Rs 3 + GST).
- Customer pays Rs 1027.14 in total.
- You get Rs 1000 in your bank account after 3 business days of payment.
Give your customers the choice to pay via any mode: Credit Cards, Debit Cards, Netbanking, Wallets and UPI without any additional cost to your business! You can even use Instamojo along with the usual NEFT option you may be offering to your customers.
You can always disable the convenience fee, should you wish to discontinue the feature. Just head over to your dashboard and click on settings on the right top corner of your dashboard.
Also note: Digital goods will incur (5% + Rs 3) convenience fee.
Go to “Payment Settings” and Switch on/off the convenience fee, whenever you want!