Have you found the process of accepting payment painful? As an entrepreneur without an E-commerce company or a blogger selling eBooks, workshops, online course,s or anything else, how challenging is the process of taking the payment?
Of course, there are payment gateways that you can use, but let’s be real: It’s a cumbersome process. For a long my process of accepting a direct payment online is by sharing my bank details & the buyer usually transfers it via net banking or direct deposit at the bank. Let’s not ignore that sharing bank detail is not a smart move, as it exposes you to many security risks.
This is one reason I always recommend you to use PayPal for online purchases, as it lowers the risk of fraud with your credit card. Well, we all know now PayPal is not a viable option for transferring money within India, and this is where this online solution name InstaPay comes into the picture.
Is InstaPay a PayPal Alternative for Indians?
It would be unwise to call InstaPay a PayPal alternative, as it simplifies the process of accepting payment without you sharing your bank details. It doesn’t offer a wallet kind of service ( Not until now), which can be used to send or receive money.
So, what makes InstaPay such a right solution for millions of Solopreneurs & bloggers?
Let me explain this by the functionality of how InstaPay works. Before that, I suggest you to read about Instamojo here, where I explained how I’m using it to sell my game-changer Affiliate marketing eBook.
Why should you read?
It’s because InstaPay is a free service offered by Instamojo & you need to have an Instamojo account to use it. If you haven’t created an account yet, you can do so by following the link below.
Nonetheless, in my earlier guide I have shared all the steps with pictures to get started on Instamojo. The important thing you need to take care of is the username at the signup. Don’t use a username like “Funkydude” or “babydoll”, as you will regret it later. Let me explain why..
The username you will be using for signup will be your InstaPay URL. To give you a better view, click on this link @denharsh at Instapay. See the beautiful page that you can use to send me any amount of your choice to me:
And this is what happens when you add any amount & click on Pay:
Do you also see the big picture here? How convenient InstaPay made the online payment for Indians & most important it safeguard you from exposing your bank details. What interesting here is, InstaPay URL works pretty decent even on mobile, and they have taken the mobile-first approach. In fact, you can create an Instamojo account from your mobile phone in the next 5 minutes.
I use InstaPay for accepting payments for a few things like my Seminar, Workshop or at times when somebody is paying my debt. They charge 1.9% for every successful transaction that is one of the lowest in the industry. Moreover, you would love their customer support who is willing to walk an extra mile to give a comforting service.
What more for InstaPay?
Instamojo is doing a great job with their targeted product offering & I’m a big fan of the simplicity yet great features they offer.
I would like to see them growing from domestic to the international market for accepting payments. Especially after PayPal limitations in India, we all need one alternative that could give us 360* solution.
Another feature that could be a game changer for Instamojo & InstaPay is payment via Wallet service. If we can store payment in the Waller ( let’s call it Instamojo wallet, and make payment using it). Well, this is little far-fetched for now as this startup is already doing a great contribution to Indian Entrepreneurs & Solopreneurs community. But it doesn’t hurt to expect more from a progressive company. Is int it?
If you are from India, I highly recommend you to create an account right away as it’s free & claim your InstaPay username. At the right time, InstaPay will help you to save a lot of headaches.
Do let me know how you are planning to InstaPay for your business.
Are you going to collect your freelancing fees using it, or will you integrate it into your existing business model creatively? Let us know your thoughts in the comment section below. Do let your Indian friends know about InstaPay & they might tell you big thanks.