Anyone uses Razorpay ||Help needed||

53°
Budding Star
426
834
6

So I’m using Razorpay from long and i just register for there webinar to get 50k credit to waveoff txn fee on credit card.
Everything is working fine but on last txn that I’ve accepted they have put the settlement on hold and now asking for invoice/business model
Anyone has gone through this? I don’t have any invoice so any trick to generate invoice that works to get my amount settle Normally?

7 Comments  |  
3 Dimers
  • Sort By
674
5342
57

I hope you did not open razorpay acc just for money rotation, it is a fintech company not a wallet so much more strict with rules & regulations.

109
10801
22
guest_999 wrote:

I hope you did not open razorpay acc just for money rotation, it is a fintech company not a wallet so much more strict with rules & regulations.

++
😂 this emoji will cost u brother they r not morons they r in business & know everything bt interpret/take actions sometimes n something like this happens… U may ignore mine comment 😂…

426
834
6
guest_999 wrote:

I hope you did not open razorpay acc just for money rotation, it is a fintech company not a wallet so much more strict with rules & regulations.

Not did for any money rotation. For that there are many alternatives that can do instant settlement it’s a genuine payment from a customer and regularly accepting but the business is not registered and don’t have gst no so how can i give them invoice

426
834
6
Expand
S..815 wrote:

++
😂 this emoji will cost u brother they r not morons they r in business & know everything bt interpret/take actions sometimes n something like this happens… U may ignore mine comment 😂…

i know that they are not morons & they are in business and knows everything about market. But they have provided gateway to unregistered business too and I don’t have registered business so don’t have gst no so i can’t submit invoice to them. And i haven’t done money rotation from them and accepted money regular basis but haven’t face such issue. If they settle the amount that will okah otherwise I’ll refund to same source and accept via other gateway.

674
5342
57
Expand
ImRebel wrote:

Not did for any money rotation. For that there are many alternatives that can do instant settlement it’s a genuine payment from a customer and regularly accepting but the business is not registered and don’t have gst no so how can i give them invoice

Bad luck, seems like their system flagged your acc because of these factors probably tagging transaction as money rotation. Btw gst invoice is usually only asked if total trade turnover(total of all sell transactions) exceeds 30 lakhs in a year.

426
834
6
Expand
guest_999 wrote:

Bad luck, seems like their system flagged your acc because of these factors probably tagging transaction as money rotation. Btw gst invoice is usually only asked if total trade turnover(total of all sell transactions) exceeds 30 lakhs in a year.

Mine not even crossed ₹1 lakh I usually accept payment via upi only but when customer don’t have funds and want to use there cc then only i give link to pay via Razorpay. Yes there system Flagged my account and txn (suspecious txn) moreover just after payment bank called customer 5 times have you made the txn to customer. Customer said yes I’ve made the txn it’s not a fraud txn.  Anyways they will settle it but they will take time even they denied I’ll refund in the same source. But this can’t be expected even the total turnover is less then ₹2-3 lakh

109
10801
22
Expand
ImRebel wrote:

Mine not even crossed ₹1 lakh I usually accept payment via upi only but when customer don’t have funds and want to use there cc then only i give link to pay via Razorpay. Yes there system Flagged my account and txn (suspecious txn) moreover just after payment bank called customer 5 times have you made the txn to customer. Customer said yes I’ve made the txn it’s not a fraud txn.  Anyways they will settle it but they will take time even they denied I’ll refund in the same source. But this can’t be expected even the total turnover is less then ₹2-3 lakh

Ooh! Then said for u…

Missing