I am doing a freelancing service/consultation. I have been using my personal Gpay account to receive payment. Usually, the payments are very small amounts (not exceeding Rs 2000) and are from a limited number of people. Hence I never opened a proper current account or had Business UPI accounts to collect money. However, now I am planning to open a Gpay / PhonePe / Paytm Business account to receive payments (and most of my customers are opting to pay via Rupay Credit Card). Now I am concerned about the annual/monthly/transaction-based charges associated with such accounts and the MDR rates that these intermediaries charge for Card Payments.
Can someone please say which platform is good for small-scale businesses to receive money and the charges associated with it? If I agree to accept rupay card-based payments - what will be the MDR slabs/rates?
Not expecting more than 50 transactions (max) in a month and transaction value in the range of 500 - 2000 per transaction. Business type - Services / Consultation. The business is not registered and is more like a freelancing service.
Can someone please say which platform is good for small-scale businesses to receive money and the charges associated with it? If I agree to accept rupay card-based payments - what will be the MDR slabs/rates?
Not expecting more than 50 transactions (max) in a month and transaction value in the range of 500 - 2000 per transaction. Business type - Services / Consultation. The business is not registered and is more like a freelancing service.