{"id":6102,"date":"2017-06-05T12:48:04","date_gmt":"2017-06-05T12:48:04","guid":{"rendered":"https:\/\/www.instamojo.com\/blog\/?p=6102"},"modified":"2021-06-05T21:13:47","modified_gmt":"2021-06-05T15:43:47","slug":"superpower-business-instamojo-convenience-fee","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/superpower-business-instamojo-convenience-fee\/","title":{"rendered":"Superpower Alert! Instamojo Convenience Fee Is Here"},"content":{"rendered":"<p>Attention online sellers! Do you want a superpower that can take your business to new highs? Try the <strong>Instamojo Convenience Fee<\/strong> business model.<\/p>\n<p>People don&#8217;t mind shelling out a little extra for the ease of availing a service or product. This little flat fee (or the percentage of the total amount) that a business charges its customers for the &#8220;privilege&#8221; of a specific mode of payment is called &#8220;<strong>Convenience Fee<\/strong>.&#8221;<\/p>\n<p>There are several online businesses that use the convenience fee model.<\/p>\n<p>This is generally used as a source of revenue or to cover operational costs that are also called &#8220;<strong>Internet Handling Fees<\/strong>.&#8221; One of the best examples of the convenience fee model is <strong>BookMyShow:<\/strong><\/p>\n<figure id=\"attachment_6110\" aria-describedby=\"caption-attachment-6110\" style=\"width: 576px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" class=\"wp-image-6110 size-large\" src=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/Image-uploaded-from-iOS-2-576x1024.jpg\" alt=\"BookMyShow\" width=\"576\" height=\"1024\" srcset=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/Image-uploaded-from-iOS-2-576x1024.jpg 576w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/Image-uploaded-from-iOS-2-169x300.jpg 169w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/Image-uploaded-from-iOS-2.jpg 750w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><figcaption id=\"caption-attachment-6110\" class=\"wp-caption-text\">Internet Handling Fees<\/figcaption><\/figure>\n<h2>So? What About It?<\/h2>\n<h3>You can now enable Convenience Fee for your Instamojo account as well!<\/h3>\n<p>Our latest feature &#8211; <strong>Instamojo\u00a0<\/strong><b><span class=\"il\">Convenience<\/span> <span class=\"il\">Fee<\/span><\/b>\u00a0&#8211; allows you to automatically pass on the Instamojo transaction <span class=\"il\">fee<\/span> to your buyers.<\/p>\n<p>On enabling the feature, the transaction <span class=\"il\">fee<\/span> on your sales will be levied on your customer. The final amount you receive in your\u00a0bank account will be the same as the amount you created the payment link for.<\/p>\n<h2>How Instamojo Convenience\u00a0Fee works:<\/h2>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;- Under How Instamojo Convenience Fee works heading, change the content &amp; calculation to\\n\\n 1. You create a payment link of Rs 1000 and send it to your customer.\\n 2. Customer clicks on the link to pay the amount that includes a convenience fee of Rs 38.94 (3% + Rs 3 + GST).\\n 3. Customer pays Rs 1038.94 in total.\\n 4. You get Rs 1000 in your bank account after 3 business days of payment.\\n\\n- Change this screenshot to reflect the latest convenience fee rate (3% + Rs. 3 + GST) (https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/payment-settings.png)&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:4865,&quot;3&quot;:{&quot;1&quot;:0},&quot;11&quot;:4,&quot;12&quot;:0,&quot;15&quot;:&quot;Proxima Nova&quot;}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10[null,8,{&quot;5&quot;:1}]\uee10{&quot;1&quot;:44}\"><br \/>\n1. You create a payment link of Rs 1000 and send it to your customer.<br \/>\n2. Customer clicks on the link to pay the amount that includes a convenience fee of Rs 38.94 (3% + Rs 3 + GST).<br \/>\n3. Customer pays Rs 1038.94 in total.<br \/>\n4. You get Rs 1000 in your bank account after 3 business days of payment.<\/span><\/p>\n<p><b>You get what you charge!<\/b><\/p>\n<p>Give your customers the choice to pay via any mode: Credit Cards, Debit Cards, Netbanking, Wallets, and UPI\u00a0<b>without any additional cost to your business<\/b>! You can even <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"http:\/\/r.newsletter.instamojomail.com\/click\/7zejww50tbk1cjd.html\" target=\"_blank\" rel=\"noopener\">use Instamojo along with the usual NEFT option you may be offering to your customers<\/a><\/span>.<\/p>\n<p><strong>What&#8217;s more?<\/strong><\/p>\n<p>You can always disable the <a href=\"https:\/\/www.instamojo.com\/features\/convenience-fee\/?utm_source=imblog&amp;utm_medium=interlink&amp;utm_campaign=convenience_fee\" target=\"_blank\" rel=\"noopener\">convenience fee<\/a>, should you wish to discontinue the feature. Just head over to your dashboard and click on settings on the right top corner of your dashboard.<\/p>\n<p>Go to &#8220;<span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.instamojo.com\/settings\" target=\"_blank\" rel=\"noopener\">Payment Settings<\/a><\/span>&#8221; and Switch on\/off the convenience fee, whenever you want!<\/p>\n<p><img loading=\"lazy\" class=\"size-large wp-image-12109 aligncenter\" src=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/convenience-fee-new-rate-instamojo-1024x655.png\" alt=\"convenience fee new rate instamojo\" width=\"1024\" height=\"655\" srcset=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/convenience-fee-new-rate-instamojo-1024x655.png 1024w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/convenience-fee-new-rate-instamojo-300x192.png 300w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/convenience-fee-new-rate-instamojo-768x491.png 768w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/convenience-fee-new-rate-instamojo-380x243.png 380w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/convenience-fee-new-rate-instamojo-800x512.png 800w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/convenience-fee-new-rate-instamojo-1160x742.png 1160w, https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/06\/convenience-fee-new-rate-instamojo.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Try a new way of collecting payments online today! Try the Instamojo experience.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a class=\"mb-button mb-style-flat mb-size-default mb-corners-default mb-text-style-default \" style=\"background-color: #2bc470;\" href=\"https:\/\/www.instamojo.com\/?utm_source=imblog&amp;utm_medium=interlink&amp;utm_campaign=home_page\" target=\"_blank\" rel=\"noopener\">GET STARTED HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Attention online sellers! Do you want a superpower that can take your business to new highs? Try the&hellip;\n","protected":false},"author":6,"featured_media":6111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,7],"tags":[3753,878,3752,879,877,880,881,369,3754],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Superpower Alert! 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