Payments - Collect

What are the different payment modes available for collecting payments?
You can collect money from your customers via Debit/Credit Cards, Net-banking, UPI, NEFT/RTGS/IMPS. You can use a QR code sticker to collect payments by dow...
Fri, 6 Aug, 2021 at 3:07 PM
What is the maximum limit to which we can collect the payments?
Collection limits are only applicable in the case of invoice links (50k daily & 1 lakh monthly). There are no limits onother modes If you wish to upgrad...
Fri, 6 Aug, 2021 at 12:24 PM
Can I collect international payments using Open?
We currently don’t have this feature but this feature will be available soon.
Thu, 5 Aug, 2021 at 2:46 PM
How many days does it take for money to be settled in the bank account/Open account?
While the payments received through the UPI Mode are settled instantly the payments received through other modes like IMPS, NEFT, RTGS are settled as per t...
Mon, 9 Aug, 2021 at 4:22 PM
What is a payment link and how do we create payment links?
With payment links, you can simply send a link to your Customer after adding the customer along with the requested amount and collect the payment via multip...
Mon, 9 Aug, 2021 at 1:32 PM
How do I send payment links on a recurring basis? What happens when you send payment links on a recurring basis?
Payment links are sent on a recurring basis if your business wants to collect the same amount from your customers after a fixed interval of time. To cre...
Fri, 6 Aug, 2021 at 3:28 PM
How are payment links different from payment collection through invoices?
If you are in a hurry and have no time to create invoices for collecting payments you can directly collect payments through payment links.
Fri, 6 Aug, 2021 at 3:19 PM
What is the advantage of collecting payments through Open’s invoices?
In Open you can collect payment from your customers by sending them branded GST invoices. If your customer pays through payment modes like NEFT, IMPS, RTGS,...
Fri, 6 Aug, 2021 at 1:45 PM
What if we have received payment in cash. How to record a cash transaction on Open?
If the business has received cash payment from the customer, then you can record it as a cash transaction in cash memo. This transactions can get manually ...
Mon, 9 Aug, 2021 at 10:45 AM
Why does an account get blocked and what happens to all the money I had collected?
Accounts are blocked by our risk team, due to suspicious activity observed. The merchant needs to reach out to our customer support at letstalk@bankopen.co ...
Thu, 30 Sep, 2021 at 5:52 PM