For this reason, we calculated the best possible transaction rate that serves in the interest of both parties - you as merchants and us as a payments enabler. International pricing is subject to change post review by our compliance team.įor every transaction that takes place online, the provider bank charges an amount to us. GST of 18% is levied on the transaction fee. ^All the prices mentioned above are excluding GST. Wallets (Ola, MobiKwik, FreeCharge) - 2% + INR 3 Digital Products hosted on Instamojo - 5% + INR 3Ĥ. This transaction fee is a flat 2% + INR 3 across credit cards, debit cards, and net banking except for the following cases:ģ. The exact break up of the Instamojo Fee and GST is given below.Īmount paid out to your bank account: 1000 - (23 + 4.14) = INR 972.86 The normal transaction fee at Instamojo is 2% of the amount + ₹ 3 per transaction excluding GST.įor example: if someone pays you ₹ 1000, you'll receive ₹ 972.86 in your bank account. Every transaction accounts to a fee that is charged from the corresponding bank.įor every transaction, there is a nominal fee that is charged to you. When someone pays you on Instamojo, a transaction is initiated. How do I get my Client ID and Client Secret? Please visit the 'Resolution Center' on your dashboard to communicate with the buyer and resolve the issue. Refund/Chargeback - Your payouts could be kept on hold due to a refund/chargeback filed by one of your customers. This also ensures that the payments processed by Instamojo are in good faith and are compliant to our Terms of Services.
Through this verification process, we attempt to protect both buyers and sellers from fraudulent activity. They will reach out to you for a proof of service/delivery. Proof of Delivery/Service - For the first few transactions, your payouts could be kept on hold for our compliance team to verify the transactions. Please check your email for communication from us:īank Holiday - If a bank holiday falls on the day of the payout, it will be transferred on the next business day. If it's been more than 3 days and haven't heard received an email from us, please reach out to us at payouts could be on hold any of these reasons.
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