Overview

Razorpay Smart Collect is a solution designed to automate the reconciliation of incoming NEFT, RTGS, IMPS, and UPI payments. By generating unique customer identifiers and virtual UPI IDs, it simplifies the process of tracking and managing payments, ensuring a seamless experience for businesses. This tool helps reduce manual effort, improve accuracy, and enhance operational efficiency.

Features

Instant Creation of Customer Identifiers

• Generate unlimited customer identifiers and UPI IDs in real-time via the Dashboard or APIs.
• Customize identifiers to reflect your brand. Multiple Payment Methods
• Accept payments via NEFT, RTGS, IMPS, and UPI.
• Provide flexibility and convenience for customers. Real-Time Notifications
• Receive alerts for incoming payments through webhooks and the dashboard.
• Stay updated with real-time payment status. Automated Reconciliation
• Automatically reconcile payments, eliminating manual tracking.
• Save time and reduce errors in payment processing. Third-Party Validation
• Accept payments only from KYC-verified accounts.
• Enhance security and compliance with third-party validation. Instant Refunds
• Instantly refund payments made to wrong or deactivated IDs.
• Improve customer satisfaction with quick resolution. Custom Branding
• Add or update your brand prefix directly from the dashboard.
• Enhance brand visibility and trust.

Benefits

• Operational Efficiency: Automates payment reconciliation, reducing manual effort and errors.
• Enhanced Security: Ensures payments are accepted only from verified accounts, improving security.
• Customer Satisfaction: Provides instant refunds and real-time notifications, enhancing the customer experience.
• Flexibility: Supports multiple payment methods, catering to diverse customer preferences.
• Brand Visibility: Customizable identifiers and branding options increase brand recognition.