PhonePe Payment Gateway launched Free Plan offer for Merchants: Details

PhonePe now has its own payment gateway. The fintech unicorn PhonePe has also come with a limited-time offer on its PhonePe payment gateway for medium to small-sized enterprises. It is currently offering an exclusive free plan with zero set-up fee, zero hidden charges, and 0 annual maintenance fee. PhonePe says that merchants with a monthly sale volume of 1 crore per month can save up to 8 lakhs and up to 2 lakhs per month with 0 onboarding costs. Complete details below about the PhonePe payment gateway, features, benefits, and its launch offer for merchants.

PhonePe Payment Gateway launched on June 14 has given the fintech unicorn startup, PhonePe an entry to the club of other payment gateways in India such as Paytm, Cashfree, Instamojo, CC Avenue, Bill Desk, Razorpay, etc.

Paytm launched its payment gateway back in 2012, after 2 years of time of being founded. PhonePe on the other hand took over 6 years to finally launch its own payment gateway.

However, what’s interesting is that among the top 3 UPI fintech in India, PhonePe, Google Pay, and Paytm, Phonepe currently dominates the UPI market share in India with over 49% market share, followed by Google Pay 33.8% and Paytm at 10.8% as of April 2023.

Adding to its suite of products, PhonePe can greatly benefit from its newly launched payment gateway.

On a side note: PhonePe & other UPI apps like Paytm, Google Pay, etc often have some or the other offers on recharges & utility bill payments. We at Desidime love to find and share such useful deals.

Be sure to check out them here: Latest offers on Recharges & Utility Bill Payments!

• Integrate payment gateway in the website

• High success rates

• Scalability for handling large-scale transactions

• 100% secure transactions with ISO 27001 and PCI DSS compliance

• Downtime detections to ensure optimal transaction success

• Easy setup with no code required

• Seamless support from payment gateway providers

Additional solutions PhonePe Payment Gateway offers:

• QC Lite: QC Lite is a special way for people to pay for things without leaving the app they are using. It also auto-selects preferred payment options and increases success rates.

• Fast Forward: Streamlines the checkout process to just one step

• Dynamic QR: Simplifies payments by scanning a QR code with any UPI app.

• Pay On Delivery: Contactless payment solution for cash-on-delivery orders

• Auto-Pay/Recurring: Easy-to-integrate subscription solution for recurring payments

• Tokenization: Store tokenized cards in your PhonePe Card Vault

If you are an MSME merchant and would like to add the PhonePe payment gateway to your website, there’s some good news for you. You can add the PhonePe Payment Gateway to your website for free with PhonePe’s limited-time offer.

As per PhonePe’s official website, the payment gateway generally would charge a fee of 2% and is currently only free under the exclusive launch offer.

PhonePe Exclusive Free Plan for Payment Gateway for Merchants:

• Zero setup fee

• Zero annual maintenance fee

• Zero hidden charges

The plan is available on PhonePe's Paytm Gateway's official page. 

• Paytm

• Razorpay

• PhonePe Payment Gateway

• PayU

• Instamojo

• CCAvenue

• BillDesk

• PayPal

• Cashfree

Many payment gateways in India such as Paytm, Cashfree, etc usually have 0 zero setup and annual fee and mainly charge a fixed percentage per transaction.

Though there are some other payment gateways too such as Bill Desk & others that do have an annual fee.