Bank Transfer/ Electronic Cash Management Services
Learn how to generate an e-challan to help your customers simplify fund transfers with customer identifier management.
Electronic Cash Management Services (ECMS) is a payment mode that allows users to transfer funds online. It assigns a unique customer identifier ID to customers & provides a challan with payment details. Your customers can make the payment using IMPS, NEFT or RTGS using the details provided in challan.
How it works
Customer selects the Bank Transfer option during checkout.
The payment details are displayed along with an option to generate a challan.
Customer downloads the challan.
Customer completes the payment to the customer identifier before the challan/payment expiry.
Share the challan with the bank official along with your bank details to process the transfer.
Add the customer identifier as a beneficiary and make the payment via IMPS, NEFT, or RTGS.
Supported Features
Unique Customer Identifier
Pine Labs Online assignes a unique customer identifier for each of your customers or sub-merchants.
Convenience Fee
To charge a convenience fee, calculate it using our Calculate Convenience Fee API and pass the result in the Create Challan API.
Challan Generation
Pine Labs Online generates a challan that includes payment details and specifies an expiry date.
Split Settlement
Enables automatic distribution of the settlement amount from a single transaction to multiple designated entities.
Customer Identifier & Challan Details
Our system enables the generation of customer identifiers, and the challan will provide details that assist your customers in making the payments.
- Merchant name
- Amount to be paid
- Date of generation
- Payment reference ID / Challan ID
- Customer Identifier
- IFSC
Advantages
Add Once, Pay Anytime
A unique customer identifier assigned to each payer, allowing them to make multiple payments using the same ID.
Easy Reconciliation
Simplifies payment reconciliation by using a uniquely assigned customer identifier.
Offline/Online Payment
Provides the flexibility to pay either offline at a bank branch using the generated challan or online via NetBanking.
Use Cases
Government Merchants
For government organizations collecting payments from businesses.
Automobile
Enables manufacturers to collect payments from distributors.
Service-based B2B Businesses
For companies providing services to other businesses and collecting payments from them.
EdTech/Education
For educational institutions collecting fees and payments.
FMCG Companies
For collecting advance payments from distributors and dealers against orders.
Updated 20 days ago