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May 2, 2023

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Payment Gateway & KYC verification on Swipe Billing

KYC verification & Payment Gateway Activation on Swipe

A payment gateway is a service that facilitates online transactions by securely processing customers' credit or debit card information and transmitting the transaction data between the customer's bank and the merchant's bank. You can pay or collect money through the payment gateway.

KYC Verification

Step 1: Go to ‘Settings’ and click on ‘Payment Gateway’. Click on 'verify now' or 'update KYC'. (You will be redirected to WhatsApp Support )

Step 2: Collect the KYC documents

Gather all the necessary KYC documents that are required for verification, before proceeding with the KYC process. Ensure that you have all the documents mentioned below in order to avoid any delay in the verification process.

Documents required for KYC Verification

1. PAN card of the company/business.

2. Cancelled cheque / Bank statement of the company current account. Current Account is mandatory for settlements. Personal accounts will not be accepted.

3. Individual Aadhaar / Passport and PAN card of the Authorized Signatory. The PAN Card details and authorized signatory address proof, that is, Aadhar Card (or) Passport should be of the same person.

Note: International payments is NOT supported.

Step 3: Send the documents on WhatsApp or E mail them to [email protected]

Once you have all the required documents, send them on WhatsApp or E Mail to [email protected]. ( Make sure you attach all the documents to the email)

Step 4: Wait for KYC verification

After you send the documents to us, we will verify your KYC within 24 to 48 hours.

Step 5: Receive confirmation of KYC verification

Once your KYC verification is complete, you will receive a confirmation from Swipe confirming that your KYC has been verified. You can now start using the payment gateway for transactions. You will also find a "Pay Now" button at your invoices, allowing you to easily and securely make payments.

Payment Gateway Activation

Step 1: Go to ‘Settings’ and click on ‘Payment Gateway’ and switch on the ‘payment gateway toggle bar’.

Step 2: Select The Bank to collect Online Payments, then click on Save and Update.

Step 3: Go to the Sales dashboard, under 'Invoices' click on the 'send' option on the far left of the selected invoice. Click on the 'Copy Link' option from the drop down list.

Step 4: Customer can pay by clicking on the “Pay Now” option.

Benefits of using Payment Gateway

There are several benefits for businesses using payment gateway in Swipe including:

Increased efficiency:

Payment gateways integrated into billing and invoicing apps can streamline the payment process, saving time and effort for both the business and its customers. By automating payments, businesses can reduce manual errors and improve their accounting processes.

Improved cash flow:

With payment gateways activation, businesses can receive payments faster and more efficiently. This can improve cash flow and reduce the risk of late or missed payments.

Enhanced security:

Payment gateways offer enhanced security measures, such as encryption and tokenization, which can help protect sensitive customer data and prevent fraud.

Expanded payment options:

Payment gateways can provide businesses with a range of payment options, such as credit cards, debit cards, and e-wallets, allowing them to cater to a wider range of customers.

Improved customer experience:

By providing customers with a seamless and secure payment experience, businesses can enhance their overall customer experience and build customer loyalty.

Conclusion

Activating a payment gateway from Swipe is a beneficial step for businesses that want to streamline their financial transactions. Following the steps outlined in this article will help in activating the payment gateway, linking it to their billing and invoicing in a fast, secure, and convenient manner. Once activated, businesses will be able to provide their customers with a seamless payment experience and help their businesses grow.

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