E-Nach helps you automate your recurring payment with zero trouble. Read here to know more.
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Curious to learn about the payment industry? Start right here with this simple guide on E-NACH.
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As a service provider, isn’t this your recurring concern? You have convinced the customer about the efficacy of the product she is about to subscribe to. The mandate has been filled and signed. It will take 2 weeks to process the mandate. Ample time for the customer to change her mind, which she often does.
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Online payments are no more about exchange of money. It is also considered as a stamp of trust, an important factor for a great user experience and a metric of conversion.
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Money transferred to a wrong account using NEFT is something you might have experienced in the past. The bigger problem would be to retrieve that mistaken payment from that account. Therefore to avoid such mishaps we need to take the step of validating an account before the transaction takes place.
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