The startup offers a payment gateway that automates payment reconciliation and facilitates UPI payments through virtual accounts on websites and apps. This solution enables businesses to quickly accept online payments while minimizing manual reconciliation efforts.
Funding
$3.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses face challenges in efficiently managing and reconciling online payments, particularly with the increasing use of UPI and other digital methods. Traditional payment gateways often charge percentage-based fees, which can become substantial as transaction volumes grow, and manual reconciliation processes are time-consuming and prone to errors.
Solution
Paysharp is a payment aggregator that streamlines online payment acceptance and reconciliation through UPI, virtual accounts, payment links, and payment pages, all while offering flat-fee pricing. The platform provides a suite of APIs and plugins for integrating UPI payments into websites and apps, enabling businesses to collect payments via mobile intent, dynamic QR codes, and collection requests. Paysharp also offers a virtual account solution for accepting payments via NEFT, IMPS, and RTGS, along with automated reconciliation to eliminate manual effort. Its link payments feature allows businesses to create and share payment links via email, SMS, or WhatsApp, while payment pages enable the creation of custom payment forms with advanced field options.
Target Audience
Paysharp primarily targets B2B and B2C businesses looking for a cost-effective and efficient solution for accepting and managing online payments, particularly those dealing with high transaction volumes or seeking to automate reconciliation processes.
Features
- UPI payment gateway with support for mobile intent, dynamic QR codes, and collection requests
- Virtual account solution for accepting payments via NEFT, IMPS, and RTGS
- Link payments feature for creating and sharing payment links via email, SMS, or WhatsApp
- Payment pages for creating custom payment forms with advanced field options
- Flat-fee pricing model, offering a cost-effective alternative to percentage-based fees
- Automated reconciliation to eliminate manual effort and reduce errors
- Developer-friendly APIs, webhooks, and plugins for easy integration
- Web-based dashboard for transaction monitoring and reporting
- Same-day or T+1 settlement options
- ISO 27001:2022 and SOC 2 accredited security