All you enterprising individuals and small business owners, if you have ever searched for ‘free online payments’, you must have come across Instamojo. Instamojo allows you to process credit card, debit card and net banking payments with no set-up or maintenance fees and only a transaction fee of 1.9% exc. ST across all successful payments.

But here are six reasons why you shouldn’t use them:

Reason 1  – You can sign up with them in under 1 minute.

Reason 2 – They do not accept physical paperwork and approve your account within few minutes to max 48 hours.

I scanned a couple of documents, shared it with them and voila! There was no printing out, signing on multiple documents, couriering and then waiting weeks on end to get started.

Reason 3  –  You can collect payments with or without a website.

My mother makes yummy pickles and ships it across India. Initially, she shared her bank account details and had to wait for a payment, not to mention crosscheck to see who paid how much for what. Today, after a conversation with the customer, she sends an Instamojo link via email, WhatsApp or Facebook. Within ten minutes, the payment is done – on to more pickle-making.

And me? I sell information products on my blog, all I did was copy + paste a code to get an instant payment button.

(BTW, I have no clue about coding, all I did was follow the instructions.)

Reason 4  –  Flat 1.9% transaction fee plus ST.

Now, I don’t have the patience to calculate how many customers pay by credit card or debit card or net banking. A flat fee, no set-up fees and no annual maintenance charges makes Instamojo the best in the market in terms of cost.

Reason 5  –  Great support team – no, really.

Being tech illiterate, I had a bunch of questions about online payments and integration. So, a patient support team is something that I rate very high. A company that replies quickly to customers queries, both via email and on social platforms, gets a brownie point from me. Bonus – they’re also available by phone.

Reason 6  – Security and timely payouts.

When it comes to paying online, customers are naturally wary. Instamojo has all the necessary regulations in place – in fact, it’s bank-level security. And once a customer pays, I receive the money in my account within three business days – on time.

So that’s why you shouldn’t use them, allow me to enjoy the benefits on my own 😉