Collect Recurring Payments via e-NACH

 The e-Nach is the electronic national automated clearinghouse popularly known as one of India's best electronic payment systems. With e-NACH, anyone can automate the transactions through the bank account in a periodic nature. The whole system recurs seamlessly without the intervention of customers. The whole process doesn’t need any 2nd-factor authentication. There are 2 types of transactions like registration transactions & payment transactions. Here in the below context, we have tried our best to elaborate on the Enach Services company.




What you should know about recurring payments:

The recurring payment is made in the 2 forms: registration and payment transactions. In registration, transactions are popular for making 0 Rs. Transactions. At the same time, in payment transactions, the merchant can start charging customers recurring payments. 

This system is all about the comprehensive subscription product that combines the payment methods. Multiple payment methods include debit cards, credit cards, and many more. Are you also excited to learn more about collecting recurring payments via e-NACH? Here we share the top 3 steps:

 

  • In the first step, a user has to easily set up the subscription plans which best meet the customer’s needs. The easy-to-use subscription APIs make the users comfortable. This is the best app with a PayUmoney dashboard that invites the customers.
  • After that, the customer receives a link about payment authorization through banking. The PayU will register the customers' mandates that bring you your money.

Steps of collecting payment via e-NACH


  • To collect the payment via e-NACH, in the first step, the user needs to click on the subscription plan, and after that, the customer will be asked to select the preferred bank from the checkout page.
  • The customer needs to collect the details, including account number, account type, and beneficiary name.
  • The customer is redirected to the banking page, where the user needs to log in through the banking password and user name.
  • After making the successful login, you will get the screen where your registration details are. It covers the subscription plan which the merchant gives.
  • Once the customer approves the subscription plan, the registration response will be returned. The browser will be redirected to you.
  • The payU system registration details take the customer back to the home page.

Conclusion

Are you interested in growing your business and delighting the customers? You can make a subscription and collect recurring payments via Enach Services Company if you are.

Learn More: Reasons Why You Should Consider API Banking

Location: India

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