Instapay – Collect Card and Netbanking Payments in India at Just 1.9%!

by Deepak Kanakaraju on June 11, 2015

PayPal allows people to pay and receive money using just an email ID. But RBI doesn’t allow PayPal to operate in India as it is supposed to work. I have been waiting for a true PayPal alternative for India (for receiving payments online) and the wait is over! Instapay is not just an alternative, it is much better than PayPal!


Previously I had published a post about the best PayPal alternative for India – But at that time Instamojo allowed payment collection only through a payment link. With Instamojo, you can create payment links for selling ebooks, selling services, event tickets or even physical goods.

But what if you want to collect an one time payment from a customer for a unique purpose? For example, if I want to collect Rs.7,000 from a client of mine for a specific work I had done for them, creating a payment link and getting it approved just for a one time payment is a hassle.

The other alternative would be to ask them to send me payment via NEFT or IMPS. NEFT is an improvement from writing a cheque and mailing it to me but still not very efficient. It is a hassle for the client to add the account details, wait for it to get approved and send me a payment. Also with NEFT there is a risk of entering the wrong account number and if payment happens to the wrong account, banks are not helpful or friendly to resolve the issue.

PayPal allows you to collect payments using an email ID for any (legit) purpose and any amount. Until Instapay, there has not been something like PayPal for India.

Instapay by Instamojo

Recently, Instamojo has launched Instapay which makes life easy for so many professionals, businesses and even offline stores. With Instapay, you can collect payments by just sharing your Instamojo username. Your customers can make payments via credit card, debit card or net-banking enabled accounts in India.

Here’s my Instapay link:


digitaldeepak is my Instamojo username. Here’s how the Instapay interface looks for my unique Instapay link:


Once you enter the amount and the purpose, you will be taken to the next page where you have to enter your personal details. Then you can select the form of payment and finish the payment.


Transaction Fee and Payouts

There is a 1.9% transaction fee involved in every transaction. Including service tax, the total cost comes to 2.166%.

So if someone is sending you Rs.100, you get Rs.97.84 to your bank account. This payment is released to your bank in 72 hours, which is one of the quickest in the payments processing industry.

Click Here to sign up for Instamojo / Instapay

Managing Your Instamojo Account

Instapay seamlessly integrates with your Instamojo account. All your payments including Insta-payments are visible under the Sales and Customers tab inside your Instamojo account.


From your login, you will be able to change your bank account details, track payouts to your bank, sign up for cool apps and also track your spends if you pay someone using Instamojo.

Optimized for Mobile

The payment interface is optimized for Mobile phones, tablets and all handheld devices. This makes it easy for offline stores to collect payments when their customers want to make payments on the go.


For now, customers can make payments using their mobile browser. Going forward, Android and iOS apps will make the process of making payments even more seamless.

Get Started in Minutes

The best part about getting started with Instapay is that there are no setup fee or maintenance fee involved. You can sign up for a free account, get your KYC done and immediately start accepting payments from anyone for anything.

When financial innovation happens and transacting money is made easier, it increases the transaction volume for the business. I am happy that Instamojo is driving financial innovation in India.

Click Here to Sign up for an Instamojo Account.

Disclaimer: I work for as the Digital Marketing Manager. But I have been using Instamojo to collect payments long before I became an employee.

{ 13 comments… read them below or add one }

Albert June 11, 2015 at 8:03 pm

Hi Deepak,

Can you confirm as we can collect payments for Personal Payments?


Deepak Kanakaraju June 11, 2015 at 10:56 pm

Yes, you can. As long as it is legal 🙂


M Kithan June 12, 2015 at 5:56 pm

Can we use this to receive payments from Commission Junction or Clickbank?


Deepak Kanakaraju June 13, 2015 at 1:38 pm

No. Unless they are ready to make you an instapayment. But they can transfer payments directly to your bank account in India @ zero fees.


Dheeraj June 16, 2015 at 8:49 pm

Hey Deepak, I need to know, how do I get Donations for our social work movement, theQualiterate Movement, I tried Paypal but it did not have donate button option in India to receive donations, I tried others like instamojo, they did not help out for receiving donations. Can Instapay do the job?
Thanks in advance.


Deepak Kanakaraju June 16, 2015 at 9:21 pm

Instapay is by Instamojo so they will not help you collect donations. However you can try contacting them and if the use case is a bit unique they may allow you.


Dheeraj June 17, 2015 at 12:25 am

Is there any other way through which one can receive donations in India, Deepak?


Deepak Kanakaraju June 17, 2015 at 9:53 pm

One non-profit org I know sells stickers for Rs.500 each to raise money for something they are doing. You can work around it like that. I don’t know any other channel through which it can be done.


Murtaza June 28, 2015 at 8:29 am

I need to collect payments from India and US,

InstaMojo is only India, can I use InstaPay to collect India and US both from the same link ?


Deepak Kanakaraju June 28, 2015 at 11:45 pm

No, Instapay works for India only.


deepak July 30, 2015 at 4:14 am

is there any other way to collect money from usa to india just like paypal.


bhuvaneshwari February 21, 2016 at 1:32 pm


BUT I see the customers need to input the amount. What of a customer mistakenly enters 7000 instead of 700. Won’t it cause a problem?


Maniraj September 26, 2016 at 9:12 pm

Hello brother!
I do have a set of questions for you to be answered!
1) What is the minimum amount that can be transferred with instapay?
2) Is it possible to get all of my transaction details as a soft copy? like in spreadsheet.
3) will both person(sender&reciver) get any reference id in common for transaction ?


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