What is an e-mandate and how does it work with GetzPAID?

An e-mandate is an electronic authorization for recurring payments. GetzPAID is backed by NACH, utilizes e-mandates to facilitate seamless and timely payment collections.

What information do I need to collect from my customer to set up an e-mandate?

To set up an e-mandate, you need to collect the personal information and bank details of the customer.

Is there a limit to the number of e-mandates I can set up on GetzPAID?

GetzPAID allows users to set up multiple e-mandates, accommodating various payment collections without a set limit.

What happens if I make a mistake while creating an e-mandate?

Your mandate will fail. However, you need to follow the process again, update the details on the contract, and send it to the customer to accept. Once the customer accepts the contract, your mandate will be created.

What is NACH?

National Automated Clearing House (NACH) is an offline web-based system for bulk push and pull transactions, providing an electronic mandate platform for paperless collection processes.

What is NPCI?

National Payments Corporation of India (NPCI) is an umbrella organization operating retail payments and settlement systems, initiated by the Reserve Bank of India (RBI) and India’s Bank Association (IBA).

What would be the fee for creating e-mandates?

There is no fee for creating e-mandates through GetzPAID.

Can I cancel an e-mandate after it's created

Yes, you can easily cancel an e-mandate at any time through the GetzPAID platform.

How do I create an e-mandate with GetzPAID?

Follow these steps:

1. Sign up with GetzPAID account.
2. dd customer and his/her bank details..
3. Create a contract and click “Submit” for acceptance
4. Customer accepts or rejects the contract
5. If rejected, the mandate is canceled
6. If accepted, it goes for verification to NPCI through GetzPAID platform, and the mandate is created within 24 hours.
Ensure that your name matches your bank account name.
7. Fill in your bank account details.
   Click on "Create" to complete the registration process.