Disbursing timely payments is the core of every business. Managing payouts manually becomes a hurdle affecting business growth. While an alternative payouts solution – PayU Payouts can help a lot in performing faster payment disbursals and keeping track of it on a real-time basis.
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- 3 minute read
To ensure the growth of every business – whether offline or online, a sound payment process is a must. Not just inflow but the outflow of cash is equally important, for example, making payments to vendors, issuing refunds to customers, disbursing winnings, etc. Timely payments are vital because whether it’s a customer or a vendor, everyone expects payments instantly. A significant delay in payouts often leads to a spike in customer drop-off rates and disrupted service. So, is there a solution that simplifies a manual cumbersome process & can perform quick disbursals too?
PayU Payouts is the answer. A technology-driven solution that can automate the entire process of Payouts and perform quick disbursals in no time. Sounds like a dream, right? But it’s true!
With PayU Payouts you can make payments instantly be it refunds or something else. You may even track, manage and perform all sorts of payouts functions from one dashboard only.
Here’s how PayU Payouts can help you simplify your payouts
With PayU Payouts you can always do a lot more. Let’s have a look at it in detail:
Instant payments even on bank holidays
Make payments 24×7, even on bank holidays. You don’t need to wait after adding a beneficiary, disburse payments instantly.
Send bulk payments in minutes
Disburse multiple payments in one go to customers or vendors with a single click via payment methods like IMPS, NEFT, RTGS, UPI, Debit/Credit Card, etc.
Quick integration
Automate your payments with a simple integration within minutes. All you need to do is to configure recipients’ details, rules & approval workflows through API integrations. Voila! you are done.
Secured payment via payout links
Send secure payout links to the customer’s mobile number or email ID while allowing the customers to choose the payment mode (Card/UPI) just by clicking on the payout link. The payment will then get processed to the respective mode in no time.
Track & manage transactions easily
Monitor credits & debits in real-time. Wherein the system will automatically map the UTR/reference number to the respective debit transaction making it easier to keep track of transactions.
Be extra sure with maker-checker validation
Assign a maker and checker for payouts. Where Maker is the person initiating the transaction and the Checker is the one approving them. This is called maker-checker validation. You may also manage the assigned users and their roles easily from one dashboard.
PayU Payouts, a choice for all types of businesses
E-commerce
Online sellers can initiate customer refunds in bulk using PayU Payouts. Reduce your chances of manual errors while initiating these refunds.
Insurance firms
With PayU Payouts, medical insurance companies can process claims immediately. Also, it allows making instant disbursal of commissions to agents.
Banking companies
Delight your customers with instant loan disbursal and flexible repayment options.
Gaming platforms
While playing in teams on gaming apps customers expect winnings to hit their account without any delay once the game gets over. With PayU Payouts, you can make instant payments to the customers, basis the number of players in the group, leaderboard position, etc.
How to get started with PayU Payouts?
To get started with PayU Payouts, follow these simple steps:
- Sign Up on www.payu.in
- Complete your onboarding
- Your PayU Payouts account is ready to use
See, it’s that simple!
Final thoughts
While disbursing payments to vendors or customers can be a time taking process, but using PayU payouts can always solve your worries of delayed payments. It’s time to say bye to those days when sending payouts would get on your nerves. Do everything instantly without any hassle with just a single click and utilize the time saved in ensuring growth for your business.
So, what are you waiting for?
