Zaakpay

What is Zaakpay

Zaakpay is an online payment gateway solution designed for businesses in India. It is a product developed by MobiKwik, a major digital financial services company in the country. The core purpose of Zaakpay is to enable merchants, from small freelancers to large e-commerce platforms, to accept and manage online payments from their customers. It provides a single platform to process transactions from various sources, including credit cards, debit cards, UPI, net banking, and mobile wallets. The platform focuses on providing secure, reliable, and easy-to-integrate payment processing to help businesses grow by simplifying their revenue collection process.

Zaakpay Features

Zaakpay offers a range of features to facilitate smooth online transactions for businesses.

• Multiple Payment Modes: Supports over 100 payment methods, including Debit & Credit Cards (Visa, MasterCard, RuPay, Amex), Net Banking from over 50 banks, UPI (BHIM, Google Pay, etc.), QR Codes, and mobile wallets.
• Payment Links: Allows businesses to create and share payment links via email, SMS, or social media. This is useful for businesses without a website or app to collect payments easily.
• Secure Transactions: The gateway is PCI DSS compliant, which is the global standard for payment data security. It uses tokenization to encrypt and protect sensitive card information.
• Powerful Dashboard: Merchants get access to a comprehensive dashboard to view real-time transaction data, manage payments, process refunds, and generate detailed reports for business analysis.
• Custom Checkout: Provides options to customize the checkout page to match the merchant's brand identity, offering a seamless payment experience for customers.
• High Success Rate: The platform is optimized to ensure a high rate of successful transactions, reducing payment failures and customer drop-offs.
• Developer-Friendly APIs: Zaakpay is built with developers in mind, offering flexible APIs, extensive documentation, sample codes, and plugins for major e-commerce platforms for easy integration.
• Fast Onboarding: Businesses can get their account activated and start accepting payments quickly, often within 24 hours, through a paperless KYC process.

Zaakpay Pricing Plans

Zaakpay follows a transaction-based pricing model which is common for payment gateways. There are typically no setup fees or annual maintenance charges for creating an account. The pricing structure is usually a flat percentage fee plus a fixed amount per successful transaction. The exact rates can vary based on the payment mode used by the customer (e.g., credit cards, UPI, net banking). For large businesses with high transaction volumes, Zaakpay offers custom pricing plans. These enterprise plans are tailored to the specific needs of the business and can be negotiated by contacting their sales team.

Zaakpay Free Plan

Zaakpay does not have a 'free plan' in the traditional sense of processing transactions for free. However, creating an account, setting up the gateway, and integrating it with your website or application is completely free. There are no initial setup costs or recurring annual fees. Charges are only applied on a per-transaction basis, meaning you only pay when you successfully receive a payment from a customer. This model allows businesses of all sizes to start using the platform without any upfront investment.

How to use Zaakpay

Getting started with Zaakpay is a straightforward process designed to be quick and efficient.

1. Sign Up: The first step is to visit the Zaakpay website and create a free account by providing basic business details.
2. Account Verification: You will need to verify your email address and phone number to proceed.
3. Upload Documents: Complete the Know Your Customer (KYC) process by uploading necessary business documents online. This is a paperless process and typically requires documents like your business registration certificate and bank account details.
4. Integration: While your documents are being verified, your development team can use the provided API keys and documentation in the sandbox environment to integrate the payment gateway into your website or mobile app.
5. Go Live: Once your KYC is approved, usually within 24 hours, your account is activated. You can then switch from the test environment to the live environment and start accepting real payments from customers.

For businesses without a website, you can use the dashboard to generate and share Payment Links to collect payments.

Pros and Cons of Zaakpay

Pros:

• Wide Range of Payment Options: Supports a very large number of payment modes, which is crucial for the Indian market.
• Quick Onboarding: The process to get an account live is fast and completely digital.
• Developer-Friendly: Strong focus on developers with good documentation and APIs, making integration easier.
• No Setup Fees: Businesses can start without any upfront cost, paying only for successful transactions.
• Payment Links Feature: Very useful for freelancers, consultants, and businesses that operate on social media.

Cons:

• India-Focused: The service is primarily designed for businesses operating within India and may not be suitable for international merchants.
• Pricing Transparency: While the model is standard, specific rates are not always listed upfront on the website and may require contacting sales.
• Customer Support: Like many large-scale service providers, customer support experiences can be mixed, with some users reporting delays.

Zaakpay integrations

Zaakpay provides plugins and extensions for easy integration with major e-commerce platforms and content management systems. This allows merchants to add the payment gateway to their online store with minimal coding.

• WooCommerce Integration: A dedicated plugin is available for WordPress websites using WooCommerce.
• Shopify Integration: Can be integrated as a payment provider in Shopify stores.
• Magento Integration: Offers an extension for Magento 1 and Magento 2 platforms.
• OpenCart Integration: Provides a module for easy integration with OpenCart-based stores.
• PrestaShop Integration: A plugin is available to connect Zaakpay with PrestaShop.

For custom-built websites and applications, merchants can use the REST APIs to integrate the payment gateway.

Zaakpay Alternatives

• Razorpay: A leading competitor in India, Razorpay offers a wider suite of products beyond payments, including business banking (RazorpayX) and lending (Razorpay Capital). It is known for its modern API and extensive features.
• PayU: A global payment service provider with a strong presence in India. PayU is known for its reliability and serves many large enterprises. It offers a similar range of payment options and features.
• Instamojo: Initially focused on small businesses and individual sellers with payment links, Instamojo has expanded to offer a full payment gateway, online store builder, and other services for MSMEs. It is known for its simplicity and ease of use.
• Cashfree Payments: Another popular payment gateway in India that offers a wide range of services including payment collections, payouts, and verification APIs. They are known for their fast settlement cycles.

Zaakpay API

Yes, Zaakpay provides a comprehensive and developer-friendly set of APIs for custom integrations. The APIs are designed to be flexible and allow businesses to build a customized payment experience.

To get your API keys, you must first create a Zaakpay account and complete the onboarding process. Once your account is activated, you can log in to your merchant dashboard and navigate to the 'Manage Keys' or a similar developer section to generate your unique Merchant ID and Secret Key for both test (sandbox) and live (production) environments.

Here is a conceptual example of what an API call to initiate a transaction might look like (note: this is a generic representation):

{
  "merchantIdentifier": "YOUR_MERCHANT_ID",
  "orderId": "ORDER_12345",
  "amount": "1000",
  "currency": "INR",
  "buyerEmail": "customer@example.com",
  "buyerPhoneNumber": "9999988888",
  "returnUrl": "https://yourwebsite.com/payment/callback",
  "checksum": "GENERATED_CHECKSUM_HASH"
}

Developers can find detailed documentation, SDKs, and integration guides on the Zaakpay developer portal.

Zaakpay Affiliate program

Zaakpay does not publicly advertise a formal affiliate or referral program for individuals to earn commissions. Their focus is on direct partnerships with businesses and merchants. However, companies or influencers interested in partnership opportunities, such as becoming a reseller or technology partner, are encouraged to contact the Zaakpay business development or sales team directly through their official website. They may offer custom partnership agreements for businesses that can refer a significant number of merchants to their platform.