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Easebuzz is a free integrated e-commerce payment gateway which allows you to create products, add it to your webstore and share webstore link with customers to accept payments.

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Easebuzz Smart Billing

Did you know? A report by Forbes states that in the time span of 2014 to 2017, the subscription company websites observed 800% increase in its subscriber base.

Due to the success of businesses like Netflix and Spotify, more and more companies are turning to the subscription business model to generate revenue. In the third quarter of 2019, Netflix had over 158 million paying streaming subscribers worldwide as well as over 5.5 million free trial customers.

Subscription models not only helps you retain your customers, but also maintains your cash-flow & increases the chances of expanding your customer base.With the boom of digitization, customers prefer to execute most of their activities online & that too a hassle-less process in every online activity is preferred. Online implementation of subscription models will not only save your time, but also make life easier for your customers by simplifying the process of payment.

Smart billing is a suite of Subscription & Invoicing solutions that helps you create customized subscriptions for your customers & collect recurring payments. Also generate customized invoices to collect timely payments from your customers

For SMEs who charge their customers with rentals, we provide an easy-to-use, fast & automated platform to create subscriptions & charge customers according to the billing frequency & billing cycle that you create.

Easebuzz Subscriptions

Subscriptions are simply automatic payments, where a customer authorizes a service provider/merchant to auto debit fixed amounts at regular intervals as per the decided plan. Easebuzz provides an automated, hassle-free platform to the merchants where in they can create recurring payment schedules for their customers, control the billing cycles and get instant alerts on subscription activities. The only thing merchants need to do is link respective plans to their customers and monitor the subscription related activities.

With a strong CMS platform you can easily create & manage your customer and item details. You get to maintain a customer repository where you can store necessary details of your customer like — contact details, billing address, shipping address, GSTIN etc. You need to create this customer repository only once & reuse these details every time you have to create a subscription for them. Similarly you can create an items repository where in you store all the items with details like its name, description, rate per unit, HSN & SAC code for GST. By maintaining the customer & items repository, you save time & also create subscriptions easily by selecting customer details as per the creation.

Our Recurring model helps you to create types of subscriptions such as Fixed billing & Metered billing.

Fixed Billing

In this type of billing, you can charge your customers for the items or products/services that you offer are fixed. You can set the billing frequency & the billing cycle as per the plan assigned to your customer.

Let’s say you create a subscription for your customer according to a plan of 1 year. So for the items/services that you provide to your customer, you can set the billing frequency to collect payments from your customer. This frequency can be daily, weekly, monthly, yearly as per your choice. Having set the frequency, the next thing is to set the billing cycle count. This will determine the number of times your customer will pay you for the subscription.

For example — A car rental subscription for 1 year is to be made. You want your rental to be collected every month for 12 months. So considering this scenario, you will set the billing frequency to ‘monthly’ & the billing cycle count to ‘12’.

So, your customer will pay you every month for 12 times, i.e for 1 year. In this way you can create subscriptions according to your preferred billing frequency & billing cycle.

Metered Billing

In metered billing, you charge your customer according to the usage of the products/services that you have provided. The setting of billing cycle & billing frequency for metered billing is similar to Fixed billing, as described above.

Only difference here is that you charge customer at the end of the billing cycle, as per the usage of the items/services of your customer. So if there is a metered billing subscription for every month for 12 times, you charge the customer on the last date of his billing frequency, i.e on the last day of the month. You can easily add items and update the subscription as per customer’s usage & charge him accordingly.

How customers pay for subscriptions

Easebuzz subscriptions allow you to

Pay for the subscription via Auto debit ( E-Nach/E-Mandate) — The customer will have to complete an authentication transaction which will be one time, to save his card details. The amount for future payments of his subscription will then be auto debited through the saved details.

Pay for the subscription (Via Link) — The customers will receive the link where they can view the subscription invoice & pay the total amount

Subscription management from dashboard

You are provided with a dashboard to easily manage & monitor all the subscriptions that you have created. Your subscriptions will have certain status depending on your activity. If you have just created a subscription & haven’t assigned it to any customer, the subscription will have ‘draft’ as its status. Similarly subscriptions will have statuses like issued, paid, unpaid, expired, halted, cancelled.

All these subscriptions can be managed from a single dashboard. You can even send payment reminders to customers within a few clicks.

Easebuzz invoices

Swiftly create invoice online & issue invoices to your customers via email & SMS and simply await payments in your bank account. Share the invoice payment links with customers & enable them to pay online.

A strong CMS powered dashboard lets you manage your invoices — with your customers, items/services (that you provide to your customers), all your calculations with taxes, discounts, deductions, custom charges and more. Manage all of these features from a single dashboard!

Quick Invoice generation

As your customers & items are already created, drafting an invoice would be quick. To begin, you will create an invoice number which will be unique number for that particular invoice.Further, simply choose the customer to whom you want to issue to invoice. Select customer’s billing & shipping address which you entered (while creating customers in repository)

Easy populating of line items & calculations

Add the items/products in your invoice, define the quantity of the products. You can apply discounts on the price of your line items. Also certain deductions & additional charges can be applied on the final payable amount of your invoice. Once you apply your charges, deductions & discounts, your calculations w.r.t taxes will be done for you. You can set an expiry date for your invoice to expect payments from your customers in a timely manner with a feature to send payment reminders to be well informed about the payment.

Give your customers flexibility to pay

Often there are situations where in customers prefer to pay you partially. Keeping this in mind, we let you create splits on your the total payable amount of your invoice. For example, if the total payable amount of your invoice is Rs.1200, you can create splits of let’s say Rs. 400 each. In this way , your customer will pay the total of Rs.1200 in 3 splits (Each of Rs.400 ) This will let your customers to have flexibility in paying & customer retention could rise.

Issue invoice to customers.

Once the invoice is made & your splits are set, you can issue the invoice to customer on their Email & SMS. Your customers will receive a payment link for your invoice where in they will see your invoice with all the items charged & they can proceed to pay. If you have created splits on the payable amount, your customers will pay the respective amounts in splits as per the split ratio you make, while creating the invoice.

Invoice Management

From the dashboard, every single invoice you create or issue or just draft & save, is easily accessible to you. You can view & edit the invoices which you have simply created & not issued to any customer.

Smart Billing which is comprised of Subscription & Invoicing management, simplifies your billing process accurately, in a timely manner with ease of operations & eliminates manual reconciliation of payments at a greater extent

Benefits of Smart Billing to merchants

Receive payments in a timely manner

Well predicted cash flow

High customer retention

Receive quick & secure payments with acknowledgement

Real time payment updates

Benefits of Smart Billing to merchant’s customers

Receive invoice on SMS/Email

Get payment reminders to pay in time & avoid late fees

Pay online from anywhere, on the go & receive acknowledgement.

Pay in splits set by merchants

Quick & secure payments with 100+ payment options

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Easebuzz is a free integrated e-commerce payment gateway which allows you to create products, add it to your webstore and share webstore link with customers to accept payments Easebuzz is subscription billing software  

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Collect online payments instantly with Automated Payment Link Reminders

Payment delays have been a huge problem for Indian MSMEs since a long time. According to an Economic Times Report, 31% of the MSMEs say that their payments are usually delayed by 90 days or more. While trading on credit is done to gain trust and assist in long term collaboration, we cannot ignore the delay in payments by the clients that incur a huge loss for a lot of freelancers and organizations because they lose revenues, time, energy and peace of mind. If your business is partnered with other businesses or freelancers, they also need to be paid.

Overdue B2B invoices are a very subtle problem in the country, especially in the small and medium businesses (MSME’s) and we need to analyze and find out a solution to it and save the day. Facts state that on an average an Indian MSME spends 3 hours per week chasing late payments.

Healthy cash flow in the business is very important when it comes to maintaining or getting new resources, whether it is machinery, technology or human resources. When you have worked and put so much effort into getting the work done on time, then you definitely deserve a timely payment.

Why do businesses even work on credit or accept late payments?

Offering credit or allowing late payments to customers becomes necessary to remain competitive in the marketplace. If competitors are offering credits to gain a customer base, you as a business owner eventually end up taking the same risk. Sometimes, Indian businesses also work on credit to increase sales by making a product or service available on credit while the competitor is refusing to do so. Credit offerings are also made to customers to indicate that you respect and trust them to pay their bills on time and before their due dates. This helps in building customer relationships and loyalty. However, MSMEs in India are worst hit by this evil of offering credit and accepting late payments to customers.

What can be done?

Late payments can be avoided by clarifying your expectations since the time you start doing business with them and make sure there is nothing pending from your end. But even with these preventive measures, late payments are sometimes inevitable.

To reduce the delay in payments, businesses often send reminders to their customers. Deciding the timing and frequency of reminders is essential so that the customers do not get flustered. Obviously, no one would like a text or an e-mail to disturb them in the middle of a Sunday evening with family, or in an important meeting, or in every 6 hours. When reminders are sent manually, there is a risk of human error like forgetfulness, grammatical error and wrong timing of sending the reminders, etc. Considering such drawbacks and challenges with manual payment reminders, there is a need for automated payment reminders.

What is the usual process of manual payment reminders?

After a long month of hard-work and meeting client deadlines, your favourite part of the month comes — The payday by the client!

You’ve hit that “send button” on the e-mail containing the Invoice and you wait for 1–2 days.

There is no response from the client.

Then you send them a gentle reminder on the third day, wondering why they haven’t acknowledged the mail yet. There’s still no response.

You wait for another 1–2 days and re-send them the mail with the Invoice thinking that they haven’t received the mail.

Unfortunately, there’s still no response yet.

After a week, you finally call them up and ask for an update and they reply that they forgot to make a payment.

Then there are certain issues in terms of the payment mode etc. After all the running after the client and checking the mail for a reply every minute, you get the reward you had been waiting for after a long patient wait.

Does it sound relatable? Sadly, this is a sad saga for a lot of MSME businesses in India.

Easebuzz Easycollect Automated Payment Reminders

Automated Payment Reminders like Easebuzz Easycollect reduce manual follow-ups and reconciliation and allow you to customize e-mail and SMS content for follow-ups at the click of a button. You also get real-time payment updates and you can manage all the payment-related activities from a single dashboard. Automated payment reminders make digital payment easy and the 7-step process converts into only a 3-step process: Login, Set payment automation and recieve payment.

In addition to automated subscription billing, Easebuzz Easycollect automated payment reminder also markets your products and services with invoice details auto-generated to your customers. Easycollect is an API driven software that can integrate and read values from your own software and sends payment links with reminders on its own. There is no manual effort to generate links for your product. With the usual payment link generators available in the market you have to manually create and disburse links to your customers to collect payments. With Easycollect it is auto-generated and response to payments is also sent back from our server to your server without any manual efforts. That’s why it is preferred over any normal payment link solution in the market.

All kinds of payment modes like debit cards, credit cards, Netbanking, Ola postpaid, wallets, EMI and Debit + ATM work with Easycollect. The software is absolutely free with no set-up charges. You will be charged only for the payment gateway charges. So, sign-up and register with Easycollect for hassle-free payments.

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What is a Payment Gateway?

In simple words, a payment gateway is a software application that acts as a connector between your bank account and the platform where you need to transfer your money.

A payment gateway is a merchant service provided by an e-commerce application service provider, that authorizes credit card or direct payment processing for e-businesses, online retailers, and also offline businesses who want their business to go online.

Benefits Of Online Payment Gateway

1. Secure Transactions:

Ensures standard encryption and protects sensitive data

2. Bundle with Shopping Cart:

Automation of processes while buying items

3. Expand Customer Base:

Enables shoppers from around the world

4. Faster Processing :

Transactions are processed faster than manual

Process transactions

5. Added Convenience:

24/7 availability of making payments online

How secure is a Payment Gateway?

· Point to Point Encryption: With Point to Point Encryption your customers do not have to be worried about their sensitive financial data falling into wrong hands.

· Tokenization: Tokenization ensures customer’s sensitive card data is not saved on merchant’s network so that hackers won’t have anything to steal.

· PCI DSS Compliant: Payment Card Industry Data Security Standard guidance is established by leading credit card brands in 2006 to help merchants and financial institutions provide secure payment solutions.

Factors to consider while choosing the right online payment gateway in india for your E-commerce Website:

· Payment flow: Choose a gateway with an appropriate payment flow so that customers find it easy to make payment on your E-commerce website

· Safe and secure: Choose a payment gateway that provides robust security features and one that is PCI DSS certified.

· Fees and Service Agreement: Always check for fees and per transaction charge which is based on type of transaction or it may be setup fees to integrate payment gateway to your E-commerce Website.

· Effective checkouts: Always make sure that your checkouts are effective and easy so that customers do not find any difficulty while making payments.

· Multiple features: Offering multiple features like giving discounts and coupons make a payment gateway stand out.

· Easy Integration Process: When you are integrating a payment gateway the process should be easy.

· Merchant Account: It’s crucial to have a merchant account to complete the whole payment process.

· Mobile Payments: The most important feature where money can be transferred right from the mobile phone.

· 24*7 Customer Support: A guarantee that customers will receive technical assistance whenever necessary

· Reconciliation: Reconciliation ensures mapping payments between the gateway statements, invoices, transactions and your bank statement

How Easebuzz can add Value to your Business?

1.Multiple Payment Modes:

100+ Payment options including wallets

2. API Integration :

Integrate with your website or application

3. Fraud Prevention Security :

PCI DSS compliant transactions are safe and secure

4. Data and Insights :

Advanced analytical reports with dashboard management

5. Dedicated Support Team:

A Support team that resolves queries 24x7

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best payment gateway in india

Easebuzz is a robust & national Online Payment Gateway in India to enable fast and easy processing for payments from your issuing bank to the merchant’s bank account.

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Easebuzz is the best payment gateway for small businesses. Just register with KYC details & get started. Share payments links through any channel & get paid instantly.

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Easebuzz is a single platform where any educational institute can go paperless & collect payments online for their admission process and for fee collection.

student management software

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Covid-19 Pandemic Reshaping the Indian Education System

With no end to covid-19 in sight, Educational institutes in India gearing up for e-education and digitally-enabled solutions. While India is trying it’s best to urgently develop measures to tackle the pandemic, the student-parent community is trying to catch up with the time lost.

COVID-19 has forced us to stay home and with all the institutions shut down, it is becoming difficult for them to adapt to this transformation. However, with no peer pressure and all the information available at our fingertips, students are gradually adapting to the online mode of learning and satisfying their curiosity in any subject they want, at any time of the day.

Covid-19 Pandemic Reshaping the Indian Education System:

India is slowly and steadily adopting the Digital transformation wave. But can online learning replace the conventional classroom education? This question still remains unanswered as the impersonal digital mode comes with challenges like Internet connectivity and reliable power supply, etc. But gradually, online mode is being accepted by the students and educators as a replacement.

Top Digital Technology Enablers in the Indian Education Sector:

Artificial Intelligence: With digital transformation, new challenges and solutions have evolved. Academia across the globe is welcoming and utilizing AI in administration, learning, tutoring, grading, assessments and engagement. AI ensures self-learning and human-like interaction with various personas to enhance learning outcomes. AI is surely going to be one of the game changers in Indian Education System in near future.

Innovation: Aligning new technology with specific goals = innovative ideas and solutions. Design-thinking, design-sprinting and lead methodologies are some emerging technologies. It gives educational instructors the tools and methods that are required to apply discovery, ideation, interpretation, experimentation and evolution in practical scenarios.

Data Analytics: Good decisions are made by good data analysis. Technologies like Data science, Data analytics & Big data empower and provide meaningful insights. Educators can use data analytics to record and analyze student data including personal data, student performance report, attendance monitoring, administrative decision-making, resource allocation, provide students insights into their own learning habits and give recommendations for improvement.

Augmented Reality/Virtual Reality: Augmented Reality/Virtual Reality is being adapted by educational institutes to enhance student learning and participation. AR and VR are making the learning process interesting and more worth it.

Here is what digital technology offers today that Educators 20 years ago would never have dreamt of:

Educational degrees can now be obtained online.

E-books make life easier without having to take the pain of hunting down a physical copy.

Tech tools that unite students and teachers from different parts of the world.

Access to visual aids and simulation based learning that enhances learning outcome.

Tests and entrance exams can now be conducted and assessed online with little or no human intervention.

Benefits of digitisation of financial and administrative functions in schools and colleges:

Ease in the student journey for students, teaching and non-teaching staff.

Flexibility in the digital payment solution through web or mobile app and in payment modes.

Educational institutes can now focus on providing education instead of fretting about the other administrative functions and save time & resources.

Effective college-student communications.

Digital campuses provide a path for students to practice personal finance management.

Potential scope of digital payment solutions:

Digital Apps: Accepting fees in schools and colleges in “Cashless mode” through digital wallets, digital payment solution etc. making them scalable and adaptable to the future.

Authentication processes: PIN entry or fingerprint (or other biometric authentication methods) have allowed users to make purchases in a secure manner.

Greater flexibility in online payment: Various customizable digital payment solutions & modes are integrated together.

Benefits of implementing modern digital payments to Educational Institutes, Teachers, Parents and Students:

A Strong “No” to Cash – Indian Government promotes Digital Payments

As a precautionary measure, the Indian government has suggested the usage of digital payment options like NEFT, UPI, Mobile banking, Debit and Credit cards instead of currency notes. In a Government notification which was released on March 18, 2020, the Ministry of Finance said Currency notes could be a potential medium of virus transmission.

Go paperless & collect payments online and much more with Easebuzz:

Easebuzz is known in the Education segment for bringing about Digital transformation for Student and Institute success. It helps educational institutes go paperless for the admission process, fee management, student onboarding, student engagement, exam portal, online learning management, etc.

Feature-list:

Registration forms: Helps in building a customized form for any admission process.

Collect Fee: Integrated Student fee management system provides reconciled data on the dashboard.

Reports & Analytics: Auto-generated reports contain registration, fee and billing data. It is also possible to analyze ROI from the dashboard.

Creating customized landing pages: Dynamic web pages can be created and deployed according to the requirements of educational institutions.

Only PAN Card, KYC documents and bank account details are required for educational institutes to get a digital payment solution or an all in one digital solution for their institution. Drop an enquiry today to know more.