Growmify Pricing Policy

Growmify offers a subscription-based service with various plans to cater to your business needs. The pricing structure is transparent and straightforward.

Payment Processing Fees

Growmify utilizes Razorpay as its secure payment gateway for all transactions, including those made through UPI. For successful payments, Razorpay charges a standard fee of 2%. This fee is deducted from the total transaction amount and is not included in Growmify’s subscription plans.

UPI Transactions and Interchange Fees

For UPI transactions exceeding Rs.2,000, an additional interchange fee of up to 1.1% might be applicable. This fee is levied by the payer’s bank and is borne by Growmify. However, some exemptions might apply depending on your business size and Razorpay’s merchant classification. We recommend contacting Razorpay for clarification on your eligibility for the exemption.

Benefits of UPI for Growmify

• Increased Customer Acquisition: UPI has become the preferred payment method for millions of Indians due to its ease of use and instant transaction capabilities. By offering UPI, Growmify can tap into this vast user base and attract new customers who prefer the familiarity and convenience of UPI payments.
• Improved Conversion Rates: A smooth checkout process is essential for reducing cart abandonment. UPI’s one-click payment system eliminates the need for entering card details or navigating complex payment gateways, streamlining the checkout process and boosting conversion rates for Growmify.
• Enhanced Customer Satisfaction: UPI offers a secure and reliable payment experience. Customers can pay directly from their bank accounts using a PIN or biometric authentication, fostering trust and satisfaction with Growmify’s services.
• Faster Transaction Settlements: UPI transactions are settled in real-time, ensuring faster access to funds for Growmify. This improves cash flow and simplifies financial management.
• Reduced Costs: UPI transactions typically incur lower processing fees compared to traditional credit card transactions. This can lead to cost savings for Growmify, potentially allowing for more competitive pricing or improved service offerings.

Conclusion

Integrating UPI as a payment option for Growmify is a strategic decision that aligns with the evolving digital payment landscape in India. By providing a convenient and familiar payment method, Growmify can significantly expand its customer reach, improve conversion rates, enhance customer satisfaction, and potentially reduce costs. UPI integration presents a win-win scenario for both Growmify and its customers.

Transparency and Flexibility

Growmify is committed to transparent pricing. We strive to keep our subscription plans clear and free of hidden fees. The 2% Razorpay transaction fee and the potential UPI interchange fee (if applicable) are the only additional costs you’ll encounter.

We at Growmify use razorpay for payment collection please visit razorpay pricing page to see detailed information Here is the the link : https://razorpay.com/pricing/