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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

The schedule of charges for the same is as below:

Fee/ Charge Charges^
Non transacting charges (for the month) Rs.275 per terminal
Low transacting charges (for the month with volumes below Rs.25,000/-) Rs. 195 per terminal
Late settlement charges (for delay over 5 days) 0.95% of the batch value or Rs.750 whichever higher
Lost terminal charges (per terminal) Rs.9,500/- for PSTN terminal
  Rs.15,000/- for GPRS terminal
Paper statement charges per month Daily statements: Rs.200/-
  Weekly statements: Rs.50/-
  Monthly statements: Rs.25/-
Annual Maintenance Charge* Rs.750/- per terminal
Charges for backdated/duplicate statement (including international transactions statement) For the statement <= 7 days: Rs. 500 per MID
For the statement > 7 days: Additional Rs. 49 per MID per day
Terminal De-installation charges (Within 6 months from the date of Installation): Rs. 600 per terminal

^GST at applicable rate

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