WHAT IS Default Payment Link?
Default Payment Link allows one to collect payments directly into a bank account by just sharing a simple username.
For example: if your username is ‘sampad’ on Instamojo, then imojo.in/@sampad is the link that you can send to your clients to collect payments.
Once your customer clicks on the link, they will just need to enter the ‘amount’ and their basic details like ‘name, email ID, phone number’ and check out using credit card, debit card and netbanking.
How is it better than an NEFT?
- You don’t need to send your account number, IFSC code to your customer.
- No hassles of adding a beneficiary through Net-banking
- Credit card and debit card options apart from only the net-banking option to your clients
- Instant notification – You receive an e-mail confirmation for every successful transaction on Instamojo. On weekends and after the cut-off time, there’s usually no way of finding out if the NEFT is successful or not