There are various Fintech companies, which provides Payment Apps to receive payment from customers. Rapipay also working in same field with AePS and other financial services. These type of Fintech companies provides Commission on every transaction to their Retailers.
In this article, we going to share the Retailer Commission Structure of Rapipay.
THe below table shows the AePS Commission provided by Rapipay. When retailer withdraw the amount from customer’s bank account using Aadhar, the commission and withdrawal amount get credited to their wallet. After withdrawal, Retailer/Merchant can settle the amount to his bank account.
| Amount Slab (₹) | Commission (₹) |
|---|---|
| ₹300 – ₹499 | ₹0.25 |
| ₹500 – ₹999 | ₹1.00 |
| ₹1000 – ₹1499 | ₹2.00 |
| ₹1500 – ₹1999 | ₹3.00 |
| ₹2000 – ₹2999 | ₹5.00 |
| ₹3000 – ₹6999 | ₹6.50 |
| ₹7000 – ₹8999 | ₹10.00 |
| ₹9000 – ₹10000 | ₹6.50 |
Retailers can withdraw cash from customers bank using Debit card Or Credit Card. The Micro ATM (which is also known as Mini ATM) is used to withdraw cash. This device need to connect to the mobile phone via Bluetooth Technology. Following is the Micro ATM Commission for the Retailers.
| Amount (₹) | Commission (₹) |
|---|---|
| 300 – 499 | 0.25 |
| 500 – 999 | 1.00 |
| 1000 – 1499 | 2.00 |
| 1500 – 1999 | 3.00 |
| 2000 – 2999 | 5.00 |
| 3000 – 6999 | 6.50 |
| 7000 – 8999 | 7.50 |
| 9000 – 10000 | 7.00 |
Rapipay also provide commission on Mobile and DTH Recharge Transactions.
Mobile Prepaid Recharge
Operator Margin VI 2% JIO 2.3% BSNL 2.25% Airtel 1.3%
DTH Recharge
Operator Margin Big TV 2.5% Tata Sky 2.5% Dish TV 1.8% Airtel TV 2%
Click on the belo button to download the PDF file of Rapipay Commission Structure.
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Rapipay provides NEFT & IMPS, both modes of settlement. IMPS is instant payment mode, whereas NEFT is slow as compared to IMPS. If a retailer settles the amount via NEFT, no charges will be levied regardless of the amount.
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