Last Updated on: 29/03/2024
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FAQ on IOB PAY
1.What is IOB Pay Product of IOB?
lOB Pay is an integrated online payment system which offers fee payments, merchant payments, donations for charitable institutions etc. It is an easy and effective way of collecting payments by the merchants.
2. What are the Key Features and Prerequisite IOB Pay Product of IOB
3.Who are the Target Groups for IOB Pay Product?
Type of category of merchants under IOB pay
4. What are the types of integration and procedure for the IOB Pay Product?
Two types of integrations are available under lOB Pay.
5. What are the Payment Modes and Transaction Charges in IOB Pay Product?
The below mentioned payment modes are supported currently for online payment.
All the payment modes will be enabled through lOB Payment gateway or through third party aggregator.
6. What are the guidelines in regard to IOB Pay Charges?
Aggregator and MDR charges will vary as per the type of merchants and mode/channel of payments respectively. MDR charges will be collected as per the regulatory guidelines.
7. Tell me about transactions Reports and Settlement of Transactions in IOB Pay Product.