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Not with Zaakpay due to RBI regulation. (For the wider audience: Reserve Bank of India has a regulation in place for last year+ that all credit cards in India n
by skrish 14y ago
Not with Zaakpay due to RBI regulation. (For the wider audience: Reserve Bank of India has a regulation in place for last year+ that all credit cards in India need to go through 2 factor authentication including a one-time-password that is generated by card issuing banks. This makes recurring billing non-viable for Indian payment gateways).
We work with 2Checkout to make recurring billing work for companies registered in India. And you can use multiple gateways eventually via ChargeBee as you build traction for the business.
When your business has equal split of customers from India and abroad that is when you might prefer to have a local payment gateway offering 3 months, 6 months or 12 month subscription via Zaakpay. Some of the businesses does this successfully. One of the use cases we (intend) to solve with Zaakpay is
- s_henry_paulson 14y agoI had an account with 2Checkout awhile ago. At the time their terms were like that I needed like $600 in my account before I could withdraw. I earned like $470 over time, and then they started deducting various fees from my account effectively wiping my balance. They rank alongside paypal in my book, and I avoid them with the passion of the christ.