EMI (Equated Monthly Instalments) offer the shopper the option to pay for eligible products over a set period of time. You, the merchant, are paid in full by the shopper's chosen bank. The shopper then pays their bank as per their agreed tenure. For more details of this process see EMI process, below.
You can choose not to display EMI as a payment option.
Note: The following information is subject to change, without notice, by BillDesk and the listed banks.
BillDesk offers EMI as a payment method for the following banks:
| ICICI Bank | HDFC Bank | Citibank |
| SBI Card | Standard Chartered Bank | Kotak Mahindra Bank |
| Axis Bank | HSBC Bank | American Express |
| RBL Bank | Yes Bank | IndusInd Bank |
During the checkout process, purchases eligible for EMI will automatically display EMI options to your shopper.
EMI tenure (term) options range from 3 to 24 months
Once your shopper chooses EMI to make payment they will be presented with a list of available banks, the banks tenure term and minimum order value.
Note: The below information is subject to change, without notice, by BillDesk and the listed banks.
Interest rates, tenure examples and minimum amounts for each bank can be seen below:
In addition to the prohibited categories list, EMI will not be offered through BillDesk for the following business types:
Jewellers and Jewellery repair
Non-financial institutions handling the following financial services:
Gambling and Betting stores
Petroleum and solid fuel (wood, coal etc.) sales, including from service stations, automated fuel dispensers and solid fuel dealers
Dating services
BillDesk advise against refunding EMI agreements. The refund, either partial or in full, would mean the shopper has paid back the agreement with their chosen lending bank, however this means the shopper will also be charged an early settlement fee by their lending bank. Early settlement fees are applied per bank and can change at any time, without notice. These fees are not made available to BillDesk by the bank.
| Guide feedback?
Email us at: guides@worldpay.com |
   
|
|
© FIS 2020, and/or its subsidiaries. All rights reserved. |
