Free Local Bank Transfer module launched for India

We are pleased to inform our Indian users that this week we have added the complimentary Local Bank Transfer module to the list of payment gateway/processor modules available for India.

NEFT/IMPS is a popular payment method for Indian users with Net Banking access. In most cases there are no fees levied by the bank to receive fund transfers using this method.

However, to use this payment method in an online payment setting you need to display the correct details when the person has the intention to pay. So now you can use this free payment mode with your pMP payment pages.

If you have created a BHIM/UPI ID or virtual payment address for your bank account, you can optionally display that as well for faster payments. This is currently a free payment mode for both sending and receiving payments.

For advanced users who pass a unique reference or custom value with the pMP short link, the custom value will now be displayed to the payer to add in the Transfer Description (for NEFT/IMPS) and Remarks (for BHIM/UPI).

Disclaimer: We display the latest details as entered by you into the payMyPage system. We have no way of checking/ensuring that you have entered the correct details for your bank account, or that your payer has used the details as displayed. Hence, we will not be responsible for any incorrect bank transfers.

Please note that we will not charge any fee (even in the PAID plan) for these payment modes. We do not be track these payments modes so we cannot provide any details of payments made using these payment methods. For transaction details of payments made using these payment modes please use your bank account statement.

PayPal INR payments enabled in PayPal module

According to PayPal India:

"In line with the Govt of India's Gazette Notification pertaining to Subsidizing MDR charges on Debit Cards/ BHIM UPI/ AePS transactions of value less than or equal to INR 2000 dated 27th Dec 2017, we are announcing a promotional pricing of 2.5%+ INR 3 up-to 1 January 2020 for all domestic payments."

This morning PayPal India announced that Indian PayPal users can accept payments in INR for domestic transactions.

To enable INR payments in your PayPal account you will need tologin to your PayPal Business account and complete a domestic KYC process at this link.

We have updated the payMyPage (pMP) system to allow you to accept PayPal payments in INR and have already taken care of the technical part of enabling the display of the PayPal INR payment option to visitors from India.

However, this option will only work if you have successfully completed domestic KYC with PayPal. You can activate this feature by checking the box in your PayPal module settings after logging-in on this page.

Once this is done, if your payment page has a price mentioned in INR then PayPal will appear as a payment option for INR payments.