RazorPay
Why does RazorPay charge transaction charges for UPI when it is free in India?
UPI transactions are typically free for direct person-to-person transfers in India. However, what you're seeing are payment gateway processing fees, not UPI charges themselves. Since this is a service that RazorPay provides, they charge a certain % of the transaction as fees for their service. This is a standard practice on many sites, including IRCTC - where you pay a certain minimum charge + a certain % which changes depending on whether you want to use a credit card, debit card, UPI, NetbaPopularRazorPay Timelines & Charges
Why Payment Gateway When you receive payments through PracticeNow, the payments are processed by our payment gateway - which is RazorPay. Since this is a service that RazorPay provides - they charge a certain % of the transaction as fees for their service. This is a standard practice on may sites, including IRCTC - where you pay a certain min. charge + a certain % which changes depending on whether you want to use a credit card, debit card, UPI, Netbanking or wallet for payment. SimilarPopularHow do I access my RazorPay dashboard?
How do I access my RazorPay dashboard? Steps: Click here: razorpay.com Click on "Log In" Use the credentials to login. The credentials to be used are: Email: admin.practicenow.us -Login -Studio Info -Studio Details -Payment Gateway -Email Please refer to the screenshot below Password: Use "Forgot" to reset your password Here'sSome readers[RazorPay] Changing/Editing Bank Account details
You will be able to edit the Bank account details here: Go to Studio Info -Studio Details -Payment Gateway -Click on "Bank Details"Few readersWhy are RazorPay account created by PracticeNow?
We use a RazorPay product called Routes https://razorpay.com/docs/payments/route/ Here's how it works: We have a "Super Merchant" account with RazorPay (This comes with many benefits - including lower transaction charges, international card support, a "Trusted Business" badge on the checkout page, much better support etc). When we onboard new customers, we create a "Sub-merchant account" for you (with your bank details) When payments arrive for you, from your students - the fundsFew readers[Write-up] Does the Studio have RazorPay business account, when created by PracticeNow?
Yes, teachers on our platform do operate through a Razorpay business account framework for payment collection and settlements. However, this is not a fully independent, standalone Razorpay business account managed directly by Razorpay. Our platform manages the onboarding, verification, compliance checks, and payout setup internally as part of our payment infrastructure. Because the operational and compliance responsibility is handled by us, Razorpay does not require teachers to go througFew readers[Write-up] Issue: Payment deducted from student's account, but student subscription not created
Overview In some cases, a student may complete a payment from their bank account, but the subscription is not immediately created in the system. This usually happens when the payment is not successfully confirmed by Razorpay even though the amount may have been temporarily deducted from the student’s bank account. This is generally caused by delays or failures in payment confirmation between the bank and the payment gateway. Why This HapFew readers