PayUMoney as the name suggests offers Cashback to customer when online payment is made through PayUMoney.com Payment gateway while shopping online. Maximum Cashback limit is upto 10%. In this case, it will be more appropriate to refer Cashback as indirect discount or reverse discount. In last 2 months, i have received cashback of more than 1000 Rs from PayUMoney as my most of the shopping is online only.
The cashback transactions on PayUMoney are facilitated through e-wallet. e-wallet is used to simultaneously store cashback received from current online transaction & spend/adjust cashback received from previous online transaction in current transaction. Let’s take simple example, if you are spending 1000 Rs (Transaction A) through PayUMoney Payment Gateway for the 1st time (Cashback: 5%). You will receive 50 Rs cashback for Transaction A in your PayUMoney e-wallet. After few days, you decided to buy grocery (Transaction B) through PayUMoney payment gateway. Transaction B is of Rs 800 and assuming you will receive 5% Cashback i.e. Rs 40 for Transaction B. Now while making payment for Transaction B, the cashback of Transaction A i.e. Rs 50 will be reduced from total payment towards Transaction B i.e. instead of Rs 800 you will pay Rs 750 (Amount due for Transaction B – Cashback of Transaction A). The cashback of Transaction B i.e. Rs 40 will be added to your e-wallet which will be adjusted in next transaction i.e. Transaction C. Very simple and straightforward process.
Signup process is very simple on PayUMoney website. Just follow these simple steps to register
1. Click on signup option and enter your email address, mobile no & password
2. Register/Store your Credit Card / Debit Card. It is one time exercise. You can store as many cards as you wish. While making payment, you can select any card which is registered/stored by you in your PayUMoney account. It is not mandatory to make payment only from saved cards but you can also pay through any other Credit/Debit Card or Net Banking facility. At the same time it is mandatory to register 1 Credit/Debit Card to complete signup.
After Registration you are ready to to make payment using PayUMoney Payment Gateway. Currently PayUMoney has tie up with approx 8500 websites. Depending on tie up of PayUMoney with merchant, cashback will vary between 2% to 10%. Let’s check, how to make payment using PayUMoney
1. On Payment page of Merchant Website select “PayUMoney” Payment option from available Payment options.
2. Enter email address and Mobile No (Not required on few merchant sites)
3. You will be redirected to PayUMoney Payment Gateway
4. Enter your PayUMoney email & password
5. On next page, you can select the card from which you wish to make payment or you can pay by any other Credit/Debit Card or Net Banking facility.
6. For Credit/Debit Card Payment enter CVV no and verify the Total Amount, Amount adjusted from e-wallet & cashback from current transaction. After verifying payment details Click on “Make Payment”
7. You will be redirected to either “Mastercard SecureCode” or “Verified by VISA” page depending on your card
7. Enter the code/password and payment is done
8. You will be re-directed to merchant website
The Cashback through PayUMoney is over and above any offer/discount you received directly from the merchant. In other words it is icing on the cake. My favorite quote is “A Rupee Saved is a Rupee Earned” and PayUMoney fits into this framework therefore i will recommend my readers to consider this service. Currently i am using PayUMoney on following e-commerce sites
1. BigBasket.com for Grocery (5% Cashback)
2. easymobilerecharge.com for Mobile Recharge (6% Cashback)
3. bookmyshow.com for Movie Tickets (10% Cashback)
Only catch in this whole bargain is Cashback limit in absolute terms e.g. on BigBasket.com the max Cashback limit is Rs 50 i.e. Cashback only on Purchase of upto Rs 1000. Being a true Indian customer, i found turnaround. If my order amount exceeds Rs 1000 than i place 2 orders to get Cashback e.g. last week, my total order value was Rs 2000 therefore i broke my order into 2 parts of Rs 1000 each and received Cashback of Rs 50 for each order i.e. total 100 Rs instead of 50 Rs :)
Earlier i had Manhattan Platinum Cashback credit card from Standard Chartered Bank and i was missing Cashback feature desperately. Now with PayUMoney i am getting Cashback even on my regular credit card. In other words PayUMoney is a serious threat to Cashback credit cards. Currently what is bothering me the most is when PayUMoney will launch Cashback on offline transactions i.e. POS (Point of Sale) transactions? Keeping my fingers crossed.
Hope you liked the post and HAPPY SAVINGS !!!
Copyright © Nitin Bhatia. All Rights Reserved.
hi nitin..
nice article again..thanks for creating awareness.
i was also using the manhattan card but get it closed as they didnt reversed the annual charges this year.
my question to you is, how is payumoney making profits??
Very Good Question…In my personal opinion, it seems that PayUMoney is sacrificing its 100% margin just to capture the market share i.e. playing volume game. Once it will pocket substantial market share than it will re-negotiate the contracts with Merchants.
I have already requested PayUMoney to share some insights and awaiting their response. I will share the official version with my readers once i receive revert from PayUMoney
i have a problem….after release the payment in payumoney….it will not redirect to merchant website as you said……..so thats why in my admin panel of oscommerce, order details not shows for those order which done by payu money…..
Its a issue in shopping cart. You may check with technical team.
PAYUMONEY IS A FRAUD SITE. THAT I HAVE COME TO KNOW WITH FEW PERSONAL EXPERIENCES IN RECENT TIMES. THEY TRY TO THEFT YOUR MONEY WITH OUT PROCESSING REFUNDS AT ALL OR AFTER DOING WITH A DELAY OF 2 to 3 MONTHS. MY COMPLAINT WITH REDBUS REFUND STAYED FOR 1 MONTH AND FROM TWO WEEKS THEY ARE SLEEPING, STILL IT DID NOT REACH ME. TWO FAILURE TRANSACTIONS REFUND PROCESS WAS NOT EVEN GETTING INTIATED EVEN AFTER 5 COMPLAINTS ABOUT IT. ITS A PERFECT WAY OF ORGANISING FRAUD WITH FRAUD NEGOTIATIONS WITH THEIR MERCHANTS (ONE OF THEM WILL NOT REPLY YOUR COMPLAINT FOR MONTH OR TWO) and blame will be on him. After that refund process starts and does not know how much time will it take, I am waiting from 2 weeks for one of the transaction for which refund is initiated and 2 more transaction to invoke refund process. SUCH A FRAUD COMPANY IS RATED BY YOU AS HAPPY SAVINGS PLACE. WHAT A PITY.
Kodali Ravi Chand
9966233425
I had very good experience and in case of payment failure, my amount was refunded within 48 hours. I suggest you to call and check the reason for same. Normally payment is on HOLD in case of dispute between merchant and the buyer. PayUMoney is just a payment gateway, you need to resolve the dispute directly with merchant.
Payumoney always giving me problem, maximum times Transaction fails due to technical problems.
You may address your concerns to PayuMoney team and also most of the technical errors are during authorization of payment by the banks which is not in control of any payment gateway.
This is My OWN experience about PayUmoney,
I have been used PayUmoney from last 2 years and I was got many transaction from my customers, But the fact is The services provided By PayUmoney most worst Maximum Time there was some transaction Failure and after Transaction Customer need to release payment but maximum Time customer did not release payment after got service and My payment was got refunded, The PayUmoney team’s don’t have the guideline about payment Settlement. some time it was Settlement within 2 days but maximum time the payment was Settlement after 7-10 days. when I send email with any complaint to payUmoney team they never replied to me also I called them They Never Received the call. it was really so irritating for me and I have lose many genuine customer for PayUmoney only Finally I leave Using PayUmoney when they was cheated My Rs.9812.56 This amount was in Settlement in Progress Mood even after 15 days the amount did not settlement I was called them they did not received I was email more then 10 they did not replied even a single mail….Finally I Decide Its a Fake Marchent service and I leave it! Now I’m using Billdesk payment getway services and Really Happy with it.
So guys I just advice you if you want to growup with online business never go for PayUmoney
its my personal advice for everyone
Bill Desk does not provide any payment gateway to 3rd party vendors. Please share your website name.
I hav
I have used payumoney on a couple of occasions for movie ticket booking n electricity bills…each time they have given a cash back of 50/- . and maintains a good record of the transactions.
i have made transiction of rs. 100 through resbus app and it failed at last moment. 100 rs deducted from my debit card and i dont get my ticket booked. acctually it was a 350 rs ticket. 150 less by redbus app and 100 rs less by payumoney. so i have to made transiction of 100 rs only, i asked for refund to redbus and they send me payumoney id of refund 200 rs and they told that by using this id u can transfer your repees to bank account, can u tell me how can i use this id to get refund money back to bank account. i have an id on payumoney but cant able to find a way to use this id….thank u with proper brief advice,
You may check for password provided by payumoney in email id provided at the time of registration. Once you login to your payumoney account, you will find an option to refund the amount in your bank account.
I booked a iPhone 5s for 20832Rs on 23rd Aug in comps trade company. But still I did not received my phone. I have complained about this on 29th August. They have requested a timeline of 10-15 business days. Timeline which they have shared is over. Still my issue is not resolved. This issue has been reported to CEO also, no response.
Always saying to wait or be patient. Its going to be one month, but issue still persists.
It would be great if anyone helps.
You have not mentioned the payment method. You can raise a dispute.
63103667 this is my payment id. I have already complained this to Payumoney CEO. No response. Still my issue not resolved.
Worst customer support I have encountered.
I have contacted payumoney on 29th you can count how much days over. Does it make sense…….
This is a big fraud company. I bought their credit card machine. It costed me Rs.7000/-
The paper came with it which says- It is a sample not for commercial use . They are making black money like this.
Despite repeated reminders, they have offered me no technical support and the machine is lying useless.
Shame on this company. The agent who sold me this machine does not even pick his phone.
I have written on their complain site, many times but no response. They should return my machine and make me a refund.
Thieves.