Why should I choose Indicpay payments?

Indicpay payments is India’s leading payments and API banking company. It helps 1,00,000+ businesses accept and send money and is used for multiple use cases like vendor payouts, wage payouts, bulk refunds, etc.

How to get started on Indicpay payments?

Choose the product you are interested in. You can switch to Test Environment and try out the product features and integrations using test API credentials. Once ready, you can switch to Production Environment.

How long would it take to activate my account?

Once your documents are submitted for review, account gets activated with 24 working hours. Please refer to our quick activation guide. You can also write to us at indicpay.com

How is Indicpay payment Gateway different from other payment gateways in India?

Indicpay payment Gateway offers 120+ payment modes including Pay Later, Paytm, and Cardless EMI options etc. Indicpay payment Gateway is the only payment gateway that supports instant refunds versus the industry standard of refunds in 5-7 working days - this ensures Cashfree Payments merchants are able to delight their customers while running business operations smoothly.

When you create a Payouts account, Indicpay payments creates a virtual wallet for you. You can add funds from your bank accounts to the wallet and use the funds to do payouts. You can use the Payouts dashboard to do single or bulk payouts via excel upload or integrate Payouts APIs with your product or ERP to automate bulk payouts.

PAN (Permanent Account Number) verification is a mandatory process for all businesses that accept payments from Indian customers. PAN is a unique 10-digit alphanumeric number issued by the Income Tax Department of India. It is used to track financial transactions and identify individuals and businesses.

PAN verification helps businesses to ensure that their customers are who they say they are and that they have the financial means to complete the transaction. It also helps to prevent fraud and money laundering.

Indicpay Technologies is a leading payment gateway services provider in India. We offer a simple and easy-to-use PAN verification service that helps businesses to comply with regulations and protect their customers.

Benefits of using Indicpay for PAN verification:

Fast and easy: Our online process is simple and straightforward. You can verify your customers' PAN cards in minutes.
Secure: We use the latest security technologies to protect your customers' financial information.
Reliable: We have a proven track record of providing accurate and reliable PAN verification results.

How does PAN verification work with Indicpay?

To verify a customer's PAN card, you will need to collect their PAN number and full name. You can then enter this information into our online PAN verification portal. We will then verify the PAN card with the Income Tax Department of India.

If the PAN card is valid, we will return the following information:

PAN status (active or inactive)
PAN type (individual or business)
PAN holder name
Date of birth or date of incorporation

If the PAN card is invalid, we will return an error message.

Why is PAN verification important?

PAN verification is important for a number of reasons:

To comply with regulations: The Reserve Bank of India (RBI) requires all businesses that accept payments from Indian customers to verify their PAN cards.
To prevent fraud: PAN verification helps to prevent fraud by verifying the identity of customers and their financial means.
To protect customers: PAN verification helps to protect customers by ensuring that their financial information is safe and secure.

How can Indicpay help your business?

Indicpay can help your business in a number of ways:

Reduce fraud: PAN verification helps to reduce fraud by verifying the identity of customers and their financial means.
Protect your customers: PAN verification helps to protect your customers by ensuring that their financial information is safe and secure.
Comply with regulations: PAN verification helps you to comply with RBI regulations.
Improve the customer experience: PAN verification is a quick and easy process that helps to build trust between you and your customers.

Conclusion

PAN verification is an important process for all businesses that accept payments from Indian customers. It helps to prevent fraud, protect customers, and comply with regulations.

Indicpay offers a simple and easy-to-use PAN verification service that helps businesses to save time and money. Sign up for a free account today and get started.