Overview
āIndusInd Bank offers a one-stop solution for fulfilling the needs for merchant payments acceptance for its current account holders. Any current account holder of IndusInd Bank can download the āIndie for Businessā app anytime and signup for merchant solutions. A non-customer can even open a current account through a fully digitized process and get themselves registered as a merchant and avail payment acceptance solutions like POS machines, Soundboxes, Payment gateway and much more,ā
INDIE For Business Features and Benefits
The all new platform enables merchants and retailers to undertake an array of activities such as:
All-in-One app
Keep track for all your banking, loan and payments needs.
Pre-Qualified Business Loans
Grow your business in just a few clicks and without any security with a digital loan application and quick disbursal.
One Stop Payment Solutions
Collect payments in-store from customers both digitally with POS, QR code or remotely using PaybyLink.
Digital account opening
Simpler paperless DIY and paperless account opening process quickly gets your business started.
Auto-settlement of payment
Auto settlement of payment in your account by next working day
Digital Ledger
Digital Ledger for managing your credit ledger conveniently .
All-in-One Platform
Download Indie for Business App: Ā 
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For Further details on the features of Indie for Business App, please click here
IndusInd Bank Merchant Payment Solutions
Soundbox
Audio confirmation on payment collection via QR codes
POS Terminal
One stop POS solutions for all your business needs. Packed with exciting features and attractive commercials
UPI QR
Accept hassle free payment without the need of a physical card
Payment Gateway
Grow your business with IndusInd Bank Payment Gateway solutions
Business Loan
Small Ticket Business Loan
With our small ticket business loan, get quick and easy access to finance
Loan Against Card Receivables
A viable source of finance if youāre unable to get a traditional loan
IndusInd Merchant Account FAQs
What is a Merchant Account?
A Merchant Account is a bank account that helps businesses access funds from credit and debit card payments, UPI etc. Simply put, this account acts as a middleman between the buyerās bank account and your Business Account and helps facilitate quick and seamless fund transfers.
What products and services are offered as a part of Merchant account?
IndusInd Bank provides the full suite of products needed for payments acceptance needs of merchants. New Age POS machines, Soundboxes, Payment gateway Solutions, App and portal, QR codes, etc. can be availed as a part of this offering.
How can I open a Merchant Account online?
You can easily open a Merchant Account online with IndusInd Bank by downloading and registering with Indie for Business app.
What is needed for a Merchant Account?
To open a Merchant Account with IndusInd Bank, you need to fulfil the eligibility criteria specified by the bank and submit a few mandatory documents. The customer types eligible for a Merchant Account include-
- Individual
- Sole Proprietorship
- Partnership
- Limited Company/ Limited Liability Partnership
- Trust/ Association/ Society/ Club
The basic documents required while opening a Merchant Account include-
- Photo ID Proof
- Address Proof
- PAN Card, etc.
What are the benefits of a Merchant Account?
Some benefits of a Merchant Account for business owners like you are as follows.
- Seamless card and UPI payments acceptance
A Merchant Account cuts the hassles of fund transfers via card payments by acting as an intermediate and facilitating quick and efficient fund transfers. Since transactions are more convenient, customers are more likely to make cashless payments, increasing your business cash flow. - Better money management
Since cashless payments are recorded automatically, accepting them can help you streamline your business transactions. A Merchant Account facilitates this process.Ā - Secure payments
With a Merchant Account, cashless transactions are quick and secure, abiding by the transaction security regulations.
- Seamless card and UPI payments acceptance
Do I need to pay for POS if I take Merchant Account?
When you take a POS with a Merchant Account, there is a one-time set-up charge and a monthly rental and maintenance fee, depending on the terminal type. Once you start using the POS, you will need to pay a transaction cost as well.
How much does it cost to open a Merchant Account?
You can open a Merchant Account for free with IndusInd Bank and effectively manage your business transactions in one place. However, keep in mind that you will have to bear transaction charges and account maintenance costs, depending on the account type.
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