What is the benefit of having merchant/business upi id/qr

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Deal Lieutenant
Sadda-Haq-Ai...

Normal upi transactions gets settled instantly .
So why shops use business/merchant upi qr codes/ids?
Like -Bharatpe / Payswiff? As they settle the amount on the next day.
What’s the benifit of using them?

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Deal Lieutenant Deal Lieutenant
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@abhishek012 Any info regarding this?

Finance Ninja Finance Ninja
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P2M/ B2B/ B2C UPI transaction is use only for businesses.

if you are a customer, you can easily file a chargeback for P2M UPI transaction, customers also get 24hrs time, if any fraud happens you will save your money.

but P2P UPI transaction chargeback only possible if you send money to wrong UPI address.

offline merchants easily refund customers money by a single click.

In online transaction, merchants easily integrate auto refunds. if order failed, cancelled or returned.

and last i think when you submit your ITR, you need to send all your business transaction proof and you can also manager your all transaction at one place.

ask any CA, i think he/she will give you better info about businesses related queries.

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