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Payment & Merchant Solution

Payment Acceptance Solution

Avail the easiest way for accepting credit, debit and prepaid cards for payment towards your products and services

Eligibility and Documentation

Eligibility and Documentation

Features and Benefits

To apply any of Payment Acceptance Solutions offerings, visit your nearest Axis Bank Branch today!

Or you can click here to apply and our Relationship Manager will contact you.

The eligibility for the same is as follows:

Documentation required:

  • Identification Proof
  • Address Proof
  • Recent Passport size Photograph
  • Business Establishment proof**
  • For Additional Payment Acceptance Solutions – Request letter to be given in letter head with authorized signatory name & required number of Terminals
  • For Post Installation Alterations – Request letter to be given in the letter head with authorized signatory name and changes required.

** Depending on nature of business

To see the complete list of KYC documentation acceptable for availing Merchant services, click here

W.e.f.11th September 2018, below Schedule of Charges will be applicable:

Schedule of Charges* (in INR)
GPRS/Pocket GPRS PSTN PCPOS Smart EDC mPOS Bharat QR
Low transacting charges (for the month) ** 500 (for volumes below Rs. 15,000) 49 (for volumes below 5,000)
Late settlement charges (for delay over 5 days) 0.99% or Rs 750, whichever is lower NA
Lost terminal/decal charges (per terminal/decal) 11,000 7,500 NA 13,500 4,000 50
Terminal de-installation/decal replacement charges 600 600 NA 600 600 50
Paper statement charges (per month) (Daily) 500
Back dated / Duplicate Statement (including international transactions statement) for <= 7 days, Rs. 500 per MID
for > 7 days, Additional Rs. 49 per MID per day
Monthly Maintenance Charges 69 0
Batch settlement charges (per batch) 1 0

*GST additional at applicable rates

** Merchants under Rental Plan will not be levied Low Transacting Charges (LTC) for the respective terminals

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