PhonePe Business: Merchant App

The PhonePe Business App is your gateway to a digital payments acceptance network spanning 3.8 Crore merchants! You can set up your business account & accept payments, track transactions, receive settlements, apply for a loan & much more.Once your account is activated, you can instantly download the payment QR sticker & start accepting digital payments at your store. You can also order free QR stickers & have them delivered to your store, across India.Key Benefits of PhonePe Business AppEasy payment acceptance:Use the PhonePe QR to accept payments from all BHIM UPI apps. The PhonePe QR also supports other payment modes like Credit & Debit Card & Wallets.Get instant help:Resolve queries using our user-friendly Chat Bot in the Help section. You can also reach out to our helpdesk on the PhonePe Business app.Direct settlement into your bank account:Money is transferred safely & directly into your bank account instantly or next morning. You can also use our ‘SettleNow’ feature to receive money in your bank account any time during the day.Real-time transactions & payments tracking:Check your transactions & settlements easily in the History section on the PhonePe Business app.Get Instant Loan for Merchants:The PhonePe Business app provides online loans to MSMEs. Get a loan on PhonePe & move a step closer to growing your business.Merchant Loan Highlights:- Attractive interest rates with up to 30 months tenure- Instant digital loan with 0 paperwork- Online loans from INR 50,000 to INR 5,00,000- Easy repayment option with EDI - Easy Daily Installments- EDIs deducted from daily transactions collected via customer payments on PhonePe- 100% trustworthy loans, offered by RBI-regulated PhonePe lending partners authorized to offer credit products- Multiple lenders & option to select the best offering at competitive interest rates- Low processing fees & no other hidden charges- Daily updates about your Loan on the PhonePe Business app- Option to foreclose Loan any time Online Loan Eligibility:The eligibility criteria for business loans for merchants are:Accept payments on PhonePe QR for more than INR 15,000 per monthBe an active merchant, accepting payments on PhonePe QR for 3 months or more*Merchant loans are offered at the discretion of our lending partners & the criteria above may change on a case-by-case basisDocuments required:Details to be shared are as follows:- Date of Birth- PAN- Aadhaar Number*Business or Bank account details are NOT needed for loans up to INR 5 lakhs; may change as per our lender policies.Steps to avail:- Choose loan value & interest rate- Enter details such as Date of Birth, PAN, & Aadhaar Number- Click a selfie, & complete KYC digitally- Set-up Auto-pay on your accountMore about the loan offerings:- Min. Tenure: 3 months- Max. Tenure: 30 months- Max. rate of interest charged: 30% flat p.a.Example: For total cost of the Loan, including the principal amount & all applicable fees:- Principal loan amount: Rs. 15,000- Flat Interest Rate: 18% p.a.- Processing Fees: 2%- Tenure: 3 monthsThen,- Total interest amount payable: Rs. 675- Total processing fee amount payable: Rs. 300- Total cost to the user: Rs. 15,975Our RBI registered NBFCs partners- Innofin Solutions Pvt Ltd- Aditya Birla Finance Limited- PayU Finance India Private LimitedUpgrade customer payment experience at your store with PhonePe’s payment devices.PhonePe POS Device:Place an order for your POS Device on the app & accept payments via UPI, Debit & Credit Card, Wallet, & other modes. Pay nominal monthly rental & enjoy industry-leading MDR rates. Learn about charges on the App.PhonePe Smart Speaker:Order a SmartSpeaker on the app, install it at your store & get instant payment notifications in select regional languages. Surprise customers with payment alerts in the voice of celebrities.