Axis Bank Easy Pay: Everything You Need To Know

[nikhilchauhan]

Defining Easy Pay

Easy Pay refers to a multidimensional platform that enables businesses to collect receivables from their customer in a secure manner. This combined platform utilizes single integration, allowing hassle-free offline and online payments for business customers.

Axis Bank Easy Pay

Deemed as is one of the largest banks in India, Axis Bank is a coveted name in banking system. The bank has introduced a payment gateway to ensure safe online payment modes for businesses. This hosted payment method enables businesses to allow their customers to make secure payments using net banking, credit cards, cash, etc, using Axis Bank Easy Pay.

Components of Axis Bank Easy Pay

• On-boarding Flexibility: The USP of Axis Bank Easy Pay is enabling corporations to design a customized collection webpage. It guarantees payment modes are in alignment with the corporate business needs and preferences to ensure seamless business operation.
• ID Basis Collection: A great feature of Easy Pay is that businesses can only accept ID basis collection, ensuring transparent business dealing. The platform allows collection from customers with valid files only.
• Multi-dimensional payment: A prominent feature of Easy Pay is allowing payment collection through single integration by customers. The platform allows corporations to accept customer payments using multi-channels.
• Easy Recon: The corporation can avail single report with consolidated transactions done across multiple channels.

Modules Of Axis Bank Easy Pay

The bank utilizes two key modules to enable businesses for customer Payment collection. These include:

1. EasyPay Branch: This model allows corporations to streamline customer collectables at the branch along with other offline payment processes like cash, cheque, RTGS, etc.
2. EasyPay Online & Plus: This module uses single integration for customized online customer payment collection. All online payment modes are supported in this module.

Benefits of Axis Bank Easy Pay

Link- Based Customer Collection

The USP of EasyPay for corporate is its ability to generate link-based customer collection. The link-based customer collection ensures seamless and smooth business operations. It eliminates the chances of payment errors and helps streamline business activity contributing to business growth. It also reduces additional workload caused due to manual error, helping save time, cost and resources for businesses.

Enhanced Customer Satisfaction

The platform also contributes to maximizing customer satisfaction by allowing payment collection through diverse payment modes. The customers can choose any payment mode of their choice thereby adding to the customer experience. The different payment modes include digital payment, cash, RTGS, etc.

Better Business Reach

The biggest challenge faced by corporations is to increase their customer reach for business growth. Businesses can take benefit of their preferred payment links and payment modes to enhance their customer experience for increased revenue generation.

Business Transparency

Tracking business payments can be time-consuming and expensive. EasyPay helps solve this issue by allowing businesses to track customer collection in real-time. Detailed reports of customer receivables can be availed using the website to help have better insight and control over the business.

Data Security

Data theft is a raging concern for businesses. EasyPay allows businesses to guarantee data security by adhering to Industry norms. The platform allows customers and businesses to conduct business operations with peace of mind regarding their sensitive business data.

Cost-Effective Business Solution

Utilizing the EasyPaY platform also helps save operation costs for businesses. The businesses no longer require physical infrastructure to help maintain customer collection. The digital platform allows businesses to save money on infrastructure settings and human resources.

Who Can Benefit From Axis Bank Easy Pay?

• Big corporate
• Financial organization
• NBFCs
• Educational intuitions such as college, school, etc
• SMEs
• Mutual Funds
• Trust & other government organizations.

Documents needed for On-boarding Axis Bank EasyPay

EasyPay Online Documents are:

1. CMS Application-Form
2. EasyPay Online-form
3. GSTN Annexure
4. Corporate Front-End Request-letter

EasyPay Plus

1. CMS Application-Form
2. EasyPay Plus-form
3. GSTN Annexure

The process of Setting up and Utilizing Axis Bank EasyPay

• Contact And Register with your nearby Axis Bank Branch.
• Fill and submit your application with business details given by Axis Bank
• The next step involves providing KYC documents like business proof, business registration details, etc. for verification purposes.
• Once the documents are reviewed and approved, you will gain access to your Axis Bank EasyPay platform with appropriate credentials.

Guidelines To Set Up Axis Bank Easypay For Business Purposes

1. The first step is to log in to your EasyPay platform using the provided credentials by Axis Bank.
2. Then set up your payment configuration as per your business needs, like debit card, digital payment, etc.
3. If you need to integrate your EasyPay with your business website, use the API provided by Axis Bank to aid you with technical support.
4. The last step is customizing your payment links and sharing them with your customers using email, social media, etc.

To sum up, Axis Bank EasyPay offers diverse business benefits that aid with overall business growth. Businesses need to stay updated with the latest security features to help take maximum advantage of this digital platform.