To use any payment gateway your business has to be registered. You may get the test credentials of Payment Gateways just to test a gateway using the plug-in but in order to make it live for the customers, the business should be registered because Payment Gateways requires the legal document. Also, to get the approval from the banks and card gateways website have to be live and registered. This post will answer all your questions regarding which payment gateway to use if my business is unregistered or How to get a Payment Gateway for Unregistered Business. This article will reveal a payment gateway for website, payment gateway for freelancers India, payment gateway for individuals if your business is under registration, not registered or unregistered. This post is written for Indian audience. Sorry for any inconvenience though.
If you are a Freelancer, Startup or any Unregistered Business and actively looking to get a Payment Gateway approved for your website, app or even local business you will require a payment gateway for online transactions especially if you want to develop a website or app and from there you want to collect payment via Debit or Credit Card you may still need GST Compliance and I suggest you get a GST registration as soon as possible as per regulations.
Problems Freelancers or Unregistered Businesses Face
While talking to our existing merchants as well as the potential ones, it came as a surprise to see the kind of hassles these users were facing and the need to build a unique solution for them.
Here are the top problems that the unregistered businesses face on a day-to-day basis:
Lack of Information around GST
To some, it seems that GST is just for registered businesses but nothing could be farther from the truth. Unregistered businesses and freelancers also come under GST laws. This raises the demand for freelancers to create GST-compliant invoices.
Freelancers are usually required to raise GST-ready invoices for their customers and their lack of knowledge in creating these invoices becomes a real challenge in the way they accept money.
Absence of seamless digital payment solutions
The most common way for freelancers to accept money today is through cash or bank transfers. In both cases, management and reconciliation become a big headache, this problem is especially more pronounced for unregistered businesses that have large customer bases or handle significant volumes. Think of a homepreneur who sells homemade pickles around town – reconciling payments received could take up a significant part of their time, which could be better spent on growing their business.
Which payment gateway to use if your business is unregistered
If you have recently switched to a new business, your business is under registration or not registered, you are a freelancer. In some or the other way you fall into the category of Unregistered Business or Service Provider then you may use RazorPay Payment gateway for you offline, online payment collection, the user can pay via many options Debit / Credit Card / Online Wallets / UPI.
You can register you Payment Gateway credentials for unregistered business here on RazorPay for Unregistered Business