How to create merchant account in phonepe

What is PhonePe merchant account?

The PhonePe for Business app supports all payment methods like BHIM UPI, Credit Card, Debit Card and Wallets. You can start accepting payments from millions of BHIM UPI app customers instantly, irrespective of the size or scale of your business.

How do I activate a PhonePe merchant offer?

Offer will be activated only after merchant login/uses Phonepe Business App. Only 1 eligible transaction per customer will be counted in a day for offer. 25 incentive amount will be settled 48 hours after transaction. Maximum earning 500 in the offer period.

How can I start a PhonePe business?

Step 1: Open PhonePe app on your mobile. Step 2: After that go to my account section. Step 3: Click on the bank accounts. Step 4: All your linked bank accounts will be shown.

How do I get a merchant QR code for PhonePe?

Now here are the steps you need to follow to set up an account:
  1. Install the PhonePe business app in your account.
  2. Enter one time password you receive in the specified column and proceed.
  3. Now, you will be prompted to link your bank account.
  4. Once done, your QR Code will now be generated.

Who is owner of PhonePe?

PhonePe/Parent organizations

What is the benefit of PhonePe merchant account?

Aside from facilitating online fund transfers, PhonePe also helps merchants accept payments in their stores. The solution has a dedicated POS device that can be used for in-store transactions. This reduces the waiting time of customers at the register and allows businesses to serve more buyers.

Is PhonePe for business Free?

There is no intermediate wallet, no charges and no limit on the amount of money which can be transferred in your bank account. Real-time transactions and payments tracking: You can track your transactions and payments on a real-time basis using the PhonePe Business dashboard.

How do I transfer money from my PhonePe merchant account?

How to Send money with PhonePe App
  1. Hit send on the main screen.
  2. Choose a bank account or a VPA contact you want to send money to.
  3. Enter the amount.
  4. Choose your bank from which you want to pay.
  5. Send.

Is there any charges for PhonePe merchant?

Currently, PhonePe does not charge anything from its users for making payments, whether it is P2P or to merchants.

Can I transfer 50000 through PhonePe?

UPI transaction limit is Rs 1 lakh per transaction.

UPI transaction limit ICICI bank.

Bank Name G P Parsik Bank
Per Transaction Limit (Rs) 50000
Per day limit (Rs) 100000
Per week limit 700000
Per month limit 3000000

How does PhonePe make money?

PhonePe gets its commission from the promotion of various products on its app. It also collects revenue from a partner through the ‘Switch’ platform. Recharge points/centers usually earn a commission from the telecom companies when the customers recharge their phones.

Can I use PhonePe without bank account?

Yes, PhonePe wallet can be used without a bank account. Can you pay electricity bills through PhonePe wallet? You can use PhonePe Wallet, UPI, Debit Card or Credit Card. Customers can pay electricity bills for several electricity boards/companies.

Can PhonePe be used without debit card?

Through PhonePe UPI app, you can send and receive money instantly using a VPA (or Virtual Payment Address). This means you can also transfer money between any two bank accounts. The best part: You don’t need to enter credit or debit card details, a one-time password, your bank’s IFSC code or any other details.

How do I make 2 PhonePe accounts?

Add Bank Account
  1. Go to the My Money page. & under Payment Methods, select Bank Accounts.
  2. Select your bank. Click on the ‘Add New Bank Account‘ button at the bottom & Select your bank.
  3. Fetching your account details & set up UPI pin.
  4. Enter Debit/ATM card details.
  5. Bank account added successfully!

How do I make my PhonePe account primary?

Tap on My Money and select Bank Accounts in the Payment methods section as you can see below screenshot. To change your primary bank account, just green mark that account and confirm your request by tapping on Yes. That’s it your primary account has been changed successfully.

Can we link two mobile numbers to bank account?

No, we cannot link two mobile numbers to a bank account. So yes two phone numbers can be added but only one mobile number can be linked to the bank account. But if you want to receive SMS alerts and OTP in both the phones then that is not possible.

How many bank accounts can be linked to UPI?

You can link more than one bank account to UPI. There are three ways to transfer money via UPI – by entering the virtual payment address (VPA) of the receiver, account number and IFSC code or QR code. According to the NPCI website, at present, the upper limit per UPI transaction is Rs 1 lakh per account per day.

Can I have 2 UPI ID?

Yes, one can use more than one UPI application on the same mobile and link both same as well as different accounts.

Is debit card necessary for UPI?

Thus you can see that there is no other option to authenticate the user for the UPI PIN except the debit card. That’s why the debit card is mandatory to set the UPI PIN.

How many bank accounts can be linked to mobile number?

You can only link one account to your mobile number. You also can have another account linked to an email address.

Can you have 2 PayID?

Your PayID is a unique identifier which can only be registered at one bank and linked to one eligible account. However, if you have more than one mobile number, each may be able to be created as a unique PayID.

Can we have 2 accounts in same bank?

You can open multiple savings accounts at the same bank or at several different banks. There are many reasons having multiple accounts can be useful, and it doesn’t impact your credit, so there’s little reason not to open extra savings accounts if you find it helpful to do so.