A Complete Vendor Payment Management Platform
Payment collecting via several channels
Integrate with your website or mobile app to satisfy consumers with the highest mobile and UPI success rates, as well as access to sophisticated features like as card pre-authorization, quick settlements, and instant refunds, among others.
Vendor management simplified
Onboard vendors, complete KYC, create commission structure, and automate vendor payouts according to a pre-set schedule using a simple integration. Integrate with the UPayI Verification suite to provide integrated vendor KYC - bank account verification, IFSC verification, UPI ID verification, and PAN verification.
Automatic reconciliation
Using sophisticated APIs, reconcile all payments, refunds, and settlements. Using webhooks, you may receive real-time notifications about transaction statuses such as success, pending, and so on. The market's first solution to automate refund adjustments following vendor settlements.
Flexible refund management
Refunding customers has never been easier! Set the amount to be split between you and the merchant, and Route will execute the reimbursements instantly and without any trouble.
Customized settlement cycle for vendors payments
Route allows you to create your own settlement cycle for vendor payments. You may also use Instant Settlements to settle payments to your suppliers immediately after payment capture.
Comprehensive reporting
Obtain comprehensive reports on transactions, settlements, refunds, and vendor payments and changes. Stay on top of your company's finances at all times with consolidated reporting.
Automated Payment Reconciliation For All
Unique Virtual account for each payer
For each payer, create a separate account and virtual UPI ID. Choose completely numeric or branded virtual account numbers or UPI IDs that are easy to remember and share.
All bank and UPI transfers
Accept IMPS, RTGS, and NEFT payments. Create virtual UPI IDs to enable quick and easy payment collection from any UPI App.
Auto bank reconciliation
Elimination of manual reconciliation: Know who paid and when.
CREATE VIRTUAL ACCOUNT
Create a distinct mapping of virtual accounts or Virtual UPI IDs for each payer/user. REST APIs are provided to automatically and create accounts in real-time.
USER PAYS
Payer deposits funds into the allocated account using any UPI app such as Google Pay, BHIM, Paytm, WhatsApp, or their online net banking account.
NOTIFY USER
Share the payment account with each user by email/SMS/WhatsApp, or inform them through your app.
RECONCILIATION NOTIFICATION
When a payment is received – either immediately or within 2 hours for NEFT transfers – you are promptly alerted through a webhook about the transaction and payment information. As a result, the user's payment is recognised.