PhonePe, today announced that its Payment Gateway enables small and medium businesses to save up to INR 8 lakhs. While most payment gateways charge a standard transaction fee of 2%, the PhonePe Payment Gateway has a special offer for new merchants to onboard for free, with no hidden charges, setup fees, or annual maintenance fees.
For example, if businesses with a monthly sales volume of INR 1 crore choose the PhonePe Payment Gateway for free, they could potentially save around INR 2 lakhs per month. With this limited-period offer from PhonePe Payment Gateway, businesses across India that join the platform can save up to INR 8 lakhs. This straightforward and transparent pricing helps merchants enhance their payment experience seamlessly, allowing them to invest the savings from onboarding costs into growing their businesses.
Talking about the true potential of PhonePe Payment Gateway, Suman Patra, Co-Founder, FlowerAura & Bakingo says, “As an e-commerce business, it is important to have a reliable payment gateway partner and we are happy to have PhonePe Payment Gateway as our growth partner because of their legacy and experience. PhonePe has helped us improve the customer experience, reduce drop-offs, and increase the overall success rate of payments. PhonePe's smooth onboarding process and excellent merchant support have been key factors in our decision to continue working with them.”