PhonePe Business: Merchant App

The PhonePe Business App is your gateway to a digital payments acceptance network spanning 3.8 Crore merchants! You can set up your business account &amp; accept payments, track transactions, receive settlements, apply for a loan &amp; much more.<br><br>Once your account is activated, you can instantly download the payment QR sticker &amp; start accepting digital payments at your store. You can also order free QR stickers &amp; have them delivered to your store, across India.<br><br><b>Key Benefits of PhonePe Business App</b><br><br><b>Easy payment acceptance:</b><br>Use the PhonePe QR to accept payments from all BHIM UPI apps. The PhonePe QR also supports other payment modes like Credit &amp; Debit Card &amp; Wallets.<br><br><b>Get instant help:</b><br>Resolve queries using our user-friendly Chat Bot in the Help section. You can also reach out to our helpdesk on the PhonePe Business app.<br><br><b>Direct settlement into your bank account:</b><br>Money is transferred safely &amp; directly into your bank account instantly or next morning. You can also use our ‘SettleNow’ feature to receive money in your bank account any time during the day.<br><br><b>Real-time transactions &amp; payments tracking:</b><br>Check your transactions &amp; settlements easily in the History section on the PhonePe Business app.<br><br><b>Get Instant Loan for Merchants:<b><br>The PhonePe Business app provides online loans to MSMEs. Get a loan on PhonePe &amp; move a step closer to growing your business.<br><br><b>Merchant Loan Highlights:<b><br>- Attractive interest rates with up to 30 months tenure<br>- Instant digital loan with 0 paperwork<br>- Online loans from INR 50,000 to INR 5,00,000<br>- Easy repayment option with EDI - Easy Daily Installments<br>- EDIs deducted from daily transactions collected via customer payments on PhonePe<br>- 100% trustworthy loans, offered by RBI-regulated PhonePe lending partners authorized to offer credit products<br>- Multiple lenders &amp; option to select the best offering at competitive interest rates<br>- Low processing fees &amp; no other hidden charges<br>- Daily updates about your Loan on the PhonePe Business app<br>- Option to foreclose Loan any time <br><br><b>Online Loan Eligibility:<b><br><br>The eligibility criteria for business loans for merchants are:<br>Accept payments on PhonePe QR for more than INR 15,000 per month<br>Be an active merchant, accepting payments on PhonePe QR for 3 months or more<br><br>*Merchant loans are offered at the discretion of our lending partners &amp; the criteria above may change on a case-by-case basis<br><br><b>Documents required:</b><br>Details to be shared are as follows:<br>- Date of Birth<br>- PAN<br>- Aadhaar Number<br><br>*Business or Bank account details are NOT needed for loans up to INR 5 lakhs; may change as per our lender policies.<br><br><b>Steps to avail:<b><br>- Choose loan value &amp; interest rate<br>- Enter details such as Date of Birth, PAN, &amp; Aadhaar Number<br>- Click a selfie, &amp; complete KYC digitally<br>- Set-up Auto-pay on your account<br><br><b>More about the loan offerings:<b><br>- Min. Tenure: 3 months<br>- Max. Tenure: 30 months<br>- Max. rate of interest charged: 30% flat p.a.<br><br>Example: For total cost of the Loan, including the principal amount &amp; all applicable fees:<br>- Principal loan amount: Rs. 15,000<br>- Flat Interest Rate: 18% p.a.<br>- Processing Fees: 2%<br>- Tenure: 3 months<br>Then,<br>- Total interest amount payable: Rs. 675<br>- Total processing fee amount payable: Rs. 300<br>- Total cost to the user: Rs. 15,975<br><br>Our RBI registered NBFCs partners<br>- Innofin Solutions Pvt Ltd<br>- Aditya Birla Finance Limited<br>- PayU Finance India Private Limited<br><br><b>Upgrade customer payment experience at your store with PhonePe’s payment devices.<b><br><br><b>PhonePe POS Device:<b><br>Place an order for your POS Device on the app &amp; accept payments via UPI, Debit &amp; Credit Card, Wallet, &amp; other modes. Pay nom