PayKun Review: Payment Gateway Solution for Small Businesses, Freelancers and Startups

 PayKun Review: Payment Gateway Solution for Small Businesses, Freelancers and Startups

PayKun was developed with the primary goal of empowering small businesses, startups, and individuals. These sections of the business world need maximum support possible for their growth and development. It is difficult for them to collect online payments due to various aspects such as documentation, lack of history, etc. PayKun helps them grow by becoming their online payment partner, handling their funds’ transfer, and providing support during this process. From the fast onboarding to after activation support, PayKun is by their side.

With its quality services, PayKun is suitable for these types of business enterprises. Also, it has suitable features to provide which suits all kinds of businesses but the startups, individuals, small businesses, and freelancers are benefitted extra. PayKun is among the cheapest payment gateway in India with the best possible services. It also provides an easy documentation process, lowest transaction rates, multiple payment methods, payment links & master links, free integration services, etc. Adding all these make it an ideal payment gateway for yourself.

PayKun Review: Payment Gateway Solution for Small Businesses, Freelancers and Startups

Let us discuss all these features in detail to get a clear idea of how it is the best payment gateway solution for your online payment collection.

Cheapest Payment Gateway

PayKun does not charge any setup fee or the integration charges. Many payment gateways charge a maintenance fee but at PayKun this is zero. Also, there are no hidden charges. Additionally, it provides free integration services to the supported website as well as apps.

There is only one fee and that is the TDR (Transaction Discount Rate). This is also among the lowest in the market at Flat 1.75 % per transaction plus the applicable taxes on it. The international fees are also affordable and cost-effective.

Onboarding Process

There is a 100% online process to get the merchant account activated with PayKun. There is no requirement for the physical documentation that is, the documents are to be uploaded online. After signing up, you may first try the test mode to see the amazing checkout process. For the freelancers and startups which register as individuals, there are very easy options available for the documents. The process is easy, simple, and fast with a dedicated onboarding team on it.

Multiple Available Payment Methods

Paykun supports all major payment options and facilitates the preference of the customer to pay with their required payment method. It includes all major types of debit cards, credit cards, 8+ wallets, Net Banking options, UPI/BHIM, Single QR code, etc.

This helps to remove customer dropouts i.e the customer leaving without paying due to the non-availability of their preferred payment method or they can switch to another payment option if there is downtime in the one they were trying to pay.

Payment Link Feature

A few of the businesses do not require the website or app for the business or they choose not to have one. For example, a freelance writer who gets his/her gig through social media or LinkedIn, a home-based business of pickles, a showroom selling clothes, etc. But, being a freelancer or a small scale business you still would need to collect online payments.

Payment Links and Master Links can be useful for that. These are like normal links which can be copy-pasted. You can send it through any possible medium such as emails, WhatsApp, messages, etc. With Payment links, you can provide all the details predefined such as amount, the purpose of payment, and customer details. Whereas with the Master Links, the customer has the option to enter the amount, purpose, and details.

Available Integration Kits

PayKun has ready available plugins and SDKs for free. These are available online. It supports all the major platforms such as PHP, Magento, Android, iOS, WordPress, Ruby, Python, .Net, Node JS, Java, WHMCS, Prestashop, Opencart, etc. Thus, it can be integrated with the website as well as the mobile application. You need not have any technical knowledge to use PayKun because of the ready plugins and SDKs and as mentioned earlier, PayKun provides the free integration services.

Smart Merchant Dashboard

In the business types that we are discussing, the budget is tight and needs to be looked upon in each and every area. PayKun Dashboard provides the tracking and analysis of the transactions through PayKun, it includes all kinds of transactions, payment methods, and the device used to make the payment. This helps to plan and administer your business accordingly.

It also helps in managing other important functions such as partial or full refunds, customer data, order details, transaction details, settlement & other downloadable reports, etc.

Compliant with Required Security Standards

PayKun follows all the major security standards. RBI regulations make it compulsory for all the payment gateways and aggregators to adhere to them strictly. PayKun is PCI DSS Level 1 compliant and follows AES Encryption standards. Also, it is SSL certified which makes the connection between the browser and the website safe and secured.

Additionally, it has an efficient dedicated team to provide the support services through email, chat, and calls, which are up to the mark. So, get on board today and start collecting online payments with PayKun for your business from your customers and clients!

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