{"id":13339,"date":"2020-04-01T20:32:31","date_gmt":"2020-04-01T15:02:31","guid":{"rendered":"https:\/\/www.instamojo.com\/blog\/?p=13339"},"modified":"2022-12-15T20:41:45","modified_gmt":"2022-12-15T15:11:45","slug":"how-to-increase-your-business-revenue-multiple-online-payments","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/how-to-increase-your-business-revenue-multiple-online-payments\/","title":{"rendered":"How to increase your business revenue with multiple online payments"},"content":{"rendered":"

We understand times are tough, but the best way to cope and make sure your business revenue is still growing is to switch to multiple online payments.<\/p>\n

Because according to a PR News wire article<\/a>, small businesses that offer multiple payment features saw a 30% increase in revenue! 43% of small business customers say they carry less cash today than they did one year ago.<\/p>\n

But things have changed post pandemic, the question would be that how to increase your business revenue<\/a> with multiple online payments?<\/p>\n

Instamojo’s multiple online payments that can increase your revenue:<\/strong><\/h2>\n

The study, conducted by Weave, state that over 35% of customers are interested in paying with a text from their phone but only 4% of small businesses offer such a payment option.<\/p>\n

Luckily, you can use Instamojo to help take care of that problem.<\/p>\n

To combat the issues that cash payments bring in 2023, Instamojo\u2019s multiple online payment<\/a> features should help your customers pay any way they can.<\/p>\n

According to the article, small businesses that accept 4 or more payment options bring in 7x more annual revenue than those that accept fewer than 4 payment options. Fortunately, Instamojo offers more than 4 online payment options.<\/p>\n

Instamojo payment gateway<\/a> options:<\/strong><\/h2>\n

\"multiple<\/p>\n

Card Payments:<\/strong><\/p>\n

The rules have now renewed in the year of 2022. According to RBI stated in the Economic times<\/a>, ‘The card issuer will not raise the credit limit after October 1, 2022, without the cardholder’s written permission.
\nIn order to prevent negative deposit, the terms and circumstances for payment of credit card balances, including the minimum amount required, must be specified.’<\/p>\n

UPI:<\/strong><\/p>\n

UPI is one of the most important and popular online payment modes used by businesses and the general public today. The online payment mode also allows customers to pay using QR code<\/a> in any store.<\/p>\n

\"\"<\/p>\n

NEFT\/IMPS:\u00a0<\/strong><\/p>\n

The Government has allowed NEFT Payments to take place round the clock. Instamojo NEFT allows you to track and collect online payments by simply generating\u00a0a Virtual Account Number (VAN) \u2013a 20-digit number that allows you to easily track and reconcile payments at your end.<\/p>\n

E-wallets:<\/strong><\/p>\n

You can also collect payments online<\/a> on Instamojo using digital wallets like Paytm, Mobikwik, OLA money and Jiomoney.<\/p>\n

\"\"<\/p>\n

Netbanking:<\/strong><\/p>\n

Over 60 banks on Instamojo allow your customers to pay you via net banking. Banks have closed their offices due to the coronavirus pandemic, but have allowed net banking services to continue.<\/p>\n

Pay what you want:<\/strong><\/p>\n

Instamojo\u2019s \u2018Pay what you want\u2019 feature allows NGOs to ask for donations and help companies clear out older stock. With the \u2018Pay what you want\u2019 feature businesses can allow customers to pay a minimum amount and then go above the amount to their discretion.<\/p>\n

Explore Instamojo’s multiple online payment options here<\/span><\/strong><\/a><\/p>\n

Business going tough? Here\u2019s who\u2019s helping:<\/strong><\/h2>\n
Google\u2019s free ad services<\/strong><\/h5>\n

The tech giant Google\u00a0is offering over $340 million in ad credits to small and midsize businesses with active Google ad accounts as part of an $800 million coronavirus response package, the company\u00a0announced<\/span>\u00a0Friday.<\/p>\n

Is Google ad service required for your small business?\u00a0<\/strong><\/p>\n

Yes, of course. Google search advertising is available to small and medium-sized businesses. Due to privacy laws hampering Facebook’s attribution, small business owners turned more to Google ads. In addition, it makes a great deal of sense. Google is the most effective marketing tool due to its large and constantly expanding data repository.<\/p>\n

Bank\u2019s credit schemes during COVID-19:<\/strong><\/h2>\n

SBI: SBI<\/strong> help businesses manage liquidity issues caused by the Corona virus crisis, SBI, the largest public sector lender in India, has provided an additional ad-hoc credit line option to existing corporate customers.
\n<\/strong><\/p>\n