Hotness New business payment suggestion/recommendation

Hot Deal New business payment suggestion/recommendation

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Hello guys, i am planning to create/launch website selling gift card and other digital marketing services/content. I am web developer myself, so website design/development will be managed by me. I have already registered sole proprietorship for this purpose. I need few suggestion from dimers as users.
1. What payment method you guys like to see on a website you visit
2. Should i include wallet postpay/pay later options considering their transaction fee is higher than normal transactions.
3. Any other recommendation

Note: I would love to hear from people who already have established businesses. I have few queries. At last mods can delete/move this thread if it do not follow DD rules.

60 Comments  |  
16 Dimers
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No one has any suggestions or running businesses??? flushed

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DaBomb wrote:

No one has any suggestions or running businesses??? flushed

List amazon gift cards with an option to pay with amazon pay. Mention it here on DD and see the magic. You can even charge 1-2% extra

On a serious note the CC, DC and netbanking is a must. Other than that paytm and UPI are frequently used too.

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Don’t forget to register as PayPal partner so that we could buy gift card with ur website with cashbacks stuck_out_tongue_winking_eye

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Cc/dc, netbanking, wallets ( phonepe/paytm/ freecharge/ Amazon pay), may include mobid**k, upi, Bharat qr, paypal
Also postpaid payments like lazypay, simpl
You can introduce your own gift card, credit system. Also loyalty points as cashback for repeat customers.
Have some affiliate links to earn extra. Ad revenue will come as soon with traffic boost.
visit similar websites and get an idea from their site layout.
Do some close testing with friends and family to get suggestion and changes.

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rsai01 wrote:

List amazon gift cards with an option to pay with amazon pay. Mention it here on DD and see the magic. You can even charge 1-2% extra

On a serious note the CC, DC and netbanking is a must. Other than that paytm and UPI are frequently used too.

Thanks for suggestion. From technical and management points of view Amazon pay payment implementation is as simple as others. I will initiate merchant registration with Amazon pay.

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THE_GODFATHER wrote:

Don’t forget to register as PayPal partner so that we could buy gift card with ur website with cashbacks stuck_out_tongue_winking_eye

I was thinking same. PayPal merchant registration to accept domestic cards will take slightly more time with added verification parameters. I will try not to bind PayPal account. As long as transaction is authentic, it should be processed. I am doing same for international transaction for quite some time.

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DaBomb wrote:

I was thinking same. PayPal merchant registration to accept domestic cards will take slightly more time with added verification parameters. I will try not to bind PayPal account. As long as transaction is authentic, it should be processed. I am doing same for international transaction for quite some time.

Remember there is difference between PayPal merchant and PayPal partner (u will get cashback offers with it )

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Alexios wrote:

Cc/dc, netbanking, wallets ( phonepe/paytm/ freecharge/ Amazon pay), may include mobid**k, upi, Bharat qr, paypal
Also postpaid payments like lazypay, simpl
You can introduce your own gift card, credit system. Also loyalty points as cashback for repeat customers.
Have some affiliate links to earn extra. Ad revenue will come as soon with traffic boost.
visit similar websites and get an idea from their site layout.
Do some close testing with friends and family to get suggestion and changes.

Thanks for feedback. I have a vague understanding about my website potential design. It will be simple, clean and fast with ssl implemented (and forced). I am mainly seeking suggestion about payment method which users prefer.

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THE_GODFATHER wrote:

Remember there is difference between PayPal merchant and PayPal partner (u will get cashback offers with it )

What’s the difference? Initially PayPal were giving UpTo 200 RS as cashback for doing transaction on any Indian merchant. Is it different now? After registration I will be a Indian domestic merchant.

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DaBomb wrote:

What’s the difference? Initially PayPal were giving UpTo 200 RS as cashback for doing transaction on any Indian merchant. Is it different now? After registration I will be a Indian domestic merchant.

Don’t be a merchant ….it’s useless now  go to PayPal partner on the website and fill a form u will get a call from them within 24 hours …..discuss with them ur business model …if they approved u as  partner only then people will get cashback transacting on ur website

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THE_GODFATHER wrote:

Don’t be a merchant ….it’s useless now  go to PayPal partner on the website and fill a form u will get a call from them within 24 hours …..discuss with them ur business model …if they approved u as  partner only then people will get cashback transacting on ur website

Thanks for clarification. I will do it. But to get approved, my website should be ready first. They always check business models.

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DaBomb wrote:

Thanks for clarification. I will do it. But to get approved, my website should be ready first. They always check business models.

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Offer some 50% cashback on payment and your website will be boom to 1day

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Consider following also
1.Razorpay – mobikwik SC utilisation
2.Paytm integration like nobroker- we can buy bulk gv using credit card and convert our credit card balance to paytm gift voucher
3.paypal even if we don’t get cashback at least we can utilize our cashback looted by PayPal on email offers and first transaction.
4.bring pay later service
we can create multiple fake accounts and encash pay later then don’t need to pay back.

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kirandr221996 wrote:

Offer some 50% cashback on payment and your website will be boom to 1day

Sorry but i wont be able to offer 50% discount, dont have a deep pocket to support deep discounts.

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DaBomb wrote:

Sorry but i wont be able to offer 50% discount, dont have a deep pocket to support deep discounts.

Get investors for Ur startup.
You can raise funds from many investors worldwide

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kirandr221996 wrote:

Consider following also
1.Razorpay – mobikwik SC utilisation
2.Paytm integration like nobroker- we can buy bulk gv using credit card and convert our credit card balance to paytm gift voucher
3.paypal even if we don’t get cashback at least we can utilize our cashback looted by PayPal on email offers and first transaction.
4.bring pay later service
we can create multiple fake accounts and encash pay later then don’t need to pay back.

1. It can be implemented. i will check out razorpay payment gateway and Mobiquick merchant services.
2. Paytm payment integration can be done too. No major issue.
3. I am doubtful about being accepted to paypal partners. If application get rejected then on paypal merchant already availed cashback can be utilized. there will be no account linking to user profile.
4. Pay later services transaction charges are higher than normal transaction. I will try to implement it, however users may be asked to pay 1% extra fee as service charge.

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Give ony UPI payment mode,

DC, CC, wallet payment mode too much costly, you need to pay upto 2.5% every transaction fee.

add UPI only (Paytm & GooglePay give UPI payment gateway) and you saved 2.5%.

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abhishek012 wrote:

Give ony UPI payment mode,

DC, CC, wallet payment mode too much costly, you need to pay upto 2.5% every transaction fee.

add UPI only (Paytm & GooglePay give UPI payment gateway) and you saved 2.5%.

Wow man. thanks for suggestion. GC is sold with thin margin and it will certainly help to see 2.5% saving in transaction fee.
Note: I am getting valuable feedback from users. please keep mentioning if you have anything to add. Final product will be according to your suggestions guys.

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abhishek012 wrote:

Give ony UPI payment mode,

DC, CC, wallet payment mode too much costly, you need to pay upto 2.5% every transaction fee.

add UPI only (Paytm & GooglePay give UPI payment gateway) and you saved 2.5%.

That’s indeed a great suggestion for a GC seller. But, I guess most of the GC buyers use their credit cards as well compared to UPI/debitcards/NetBanking.
GC buyers these days who buy them for genuine gifting reasons like wedding/occasions buy GC only when there is a need and they don’t have any reservations to the payment mode they use, and UPI works for such business cases.
But any GC selling site obviously cannot survive on those genuine GC buyers instead love to have those bulk GC hoarders like us dimers who save them /trade them by buying in bulk whenever they see any payment offers. And obviously these buyers will look for affiliate earnings, reward point earnings on their payment mode, their card annual usage targets, etc

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Do you guys use crypto for payment?

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abhishek012 wrote:

Give ony UPI payment mode,

DC, CC, wallet payment mode too much costly, you need to pay upto 2.5% every transaction fee.

add UPI only (Paytm & GooglePay give UPI payment gateway) and you saved 2.5%.

It will be difficult to sell to dimers without wallet payment modes and cashbacks. Since he wont be offering 5/10% discounts on the likes of amazon himself, dimers will have to rely on wallet offers to consider buying from his site.

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THE_GODFATHER wrote:

Don’t forget to register as PayPal partner so that we could buy gift card with ur website with cashbacks stuck_out_tongue_winking_eye

PayPal with solution for cards also stuck_out_tongue_winking_eye stuck_out_tongue_winking_eye

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mas143forever wrote:

It will be difficult to sell to dimers without wallet payment modes and cashbacks. Since he wont be offering 5/10% discounts on the likes of amazon himself, dimers will have to rely on wallet offers to consider buying from his site.

He give lifetime 2% to 2.5% off offer through UPI payment mode like woohoo give maximum time UPI only offer.

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mas143forever wrote:

It will be difficult to sell to dimers without wallet payment modes and cashbacks. Since he wont be offering 5/10% discounts on the likes of amazon himself, dimers will have to rely on wallet offers to consider buying from his site.

I will implement most of wallet payment on website (few may have extra charge as service fee). There will be discount on few GC too but not on all. Apart from that I am planning to run some sort of user reward program for regular users. It will be implemented in steps though. During initial launch my main concentration is focused on
1. Fully functional website. My main focus is on speed, clean layout and ease of use. It won’t have too flashy graphics or music/video.
2. Payment method implementation (which should be easy and beneficial for users). That’s why I am taking dimers suggestion.

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abhishek012 wrote:

He give lifetime 2% to 2.5% off offer through UPI payment mode like woohoo give maximum time UPI only offer.

Yes, he may give incentives for using UPI mode. But what u suggested earlier to “give only upi mode” is not going to work. Other payment options have to be there, and most likely, it will be the other wallet methods with various cashbacks, offers that will drive the sales.

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mas143forever wrote:

Yes, he may give incentives for using UPI mode. But what u suggested earlier to “give only upi mode” is not going to work. Other payment options have to be there, and most likely, it will be the other wallet methods with various cashbacks, offers that will drive the sales.

now a days wallet companies not allowed to buy gv.

approx all gv selling websites disabled wallet balance option.

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dev007 wrote:

That’s indeed a great suggestion for a GC seller. But, I guess most of the GC buyers use their credit cards as well compared to UPI/debitcards/NetBanking.
GC buyers these days who buy them for genuine gifting reasons like wedding/occasions buy GC only when there is a need and they don’t have any reservations to the payment mode they use, and UPI works for such business cases.
But any GC selling site obviously cannot survive on those genuine GC buyers instead love to have those bulk GC hoarders like us dimers who save them /trade them by buying in bulk whenever they see any payment offers. And obviously these buyers will look for affiliate earnings, reward point earnings on their payment mode, their card annual usage targets, etc

My all Whatsapp groups people’s are buying gv at 2% off, every day many people’s buy lacs of gv at 2% discount rate.

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