PayU Banking

PayU offers a web of different products internationally. However, their focus is on the South-American and Indian markets. Currently, almost 200,000 sellers trust PayU in processing their payments, including some of the biggest names like eBay.in and Adidas. So let's see how it works. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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PayU

How It Works?

To open a PayU wallet, all new customers have to enter their credit or debit card information. When paying, just use the pre-saved information and you're good to go. Purchasing goods and services with PayU is easy: just select your preferred payment method and click pay. PayU also offers multiple discounts in different stores and supports all major cards.

PayU is also great for merchants. Creating an online business with PayU is easy, since they support more than 250+ different payment methods. So all you have to do to get a great set of options is to contact them, instead of putting together your own list and make agreements one by one.

Security

PayU claims that online security is their priority. In order to guarantee that your card details are in safe hands, PayU uses Sysnet solutions. This company provides a complete range of services, including security and compliance.

PayU is also up to the Payment Card Industry (PCI) standards. This means that the company has built and maintains a secure network, protects cardholders’ data, implements strong access control measures, regularly monitors and tests its networks and maintains an information security policy. These standards are also common with all credit cards.

Banking

If you're a merchant, PayU offers a zero upfront cost and no hidden charges. With their simple and easy signup you can go live within minutes and start collecting payments from the potential 2.2 billion consumers. However, there's a transaction charge which is about 3%. That said, you do get the benefits of their recurring payments system for automated periodical payments and multi-currency, meaning they accept local currency in every country where PayU operates.

From the consumer’s point of view, PayU is as useful as for merchants. Their OneTap Payments lets you pay without the hassles of conventional methods or any compromise on security. You don't have to remember your card details or bank passwords. OneTap lets you pay with ease, even removing the need to hold currency on you e-wallet when paying. Reward points are awarded on every purchase as an extra incentive and a reward for loyalty.

Summary

PayU is a global online payment service provider for merchants and customers. It’s used by close to 200,000 merchants and more than 10 million consumers worldwide. As an e-payments division of Naspers, they support over 250 payment methods that also work with mobile.

Click to visit PayU official website.

Posted by CCJ Team