Merchant Accounts for Small Businesses in 2022: Mahesh, a local Kirana Shop owner, has been struggling to manage his business transactions lately. So far, he has only relied on cash transactions to run his business.
But with the ever-increasing adoption of digital payments, most of his customers and vendors insist on carrying transactions with cards or mobile wallets.
Not sure what to do, he talked to his daughter, Kriti, who suggested he apply for a merchant account online with his current bank. A merchant account will let him perform banking transactions digitally on a single platform. If you’re one of the countless businessmen like Mahesh looking for a seamless payments platform, fret not!
Here are three merchant accounts from IndusInd Bank perfect for your small business in 2022.
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Merchant Basic
Ideal for small businesses, the Merchant Basic account brings you valuable and practical features to meet your ever-changing business requirements. The Merchant Basic account comes in three variants – Merchant Plus Basic, Merchant Premier Basic, and Merchant Max Basic Account – with an array of benefits, including
- Register for a merchant account online through a quick digital process
- Enjoy no minimum balance requirement with the Merchant Plus Basic account
- Smartly manage your credit transactions in the Khatabook
- Free QR code
- Swipe machine
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Merchant Exclusive
Let’s face it; as a business owner, it’s not always easy to keep track of your daily business transactions while managing your cash flow needs. That is why the Merchant Exclusive account from IndusInd Bank offers you top-of-the-line banking solutions. Here’s what you get-
- Attractive interest rates on the current account with the auto-sweep facility
- Free doorstep cash and cheque pick-up services
- Comprehensive payment collection platform
- Instant transaction settlement
- Unlimited free chequebook every month
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Merchant Select
If you’re a business owner of a medium to large enterprise, Indus Merchant Select offers you a range of premium banking solutions to help you grow your business output. To help you run your business conveniently, the Merchant Select comes with amazing lifestyle privileges and offers. Here’s a glimpse into the features of this account-
- Available in two variants – Merchant Select and Merchant Select Plus Account
- Best-in-class free cash deposits up to Rs. 20 lakhs for merchant select holders and up to Rs. 30 lakhs for merchant select plus holders
- Free doorstep services
- Auto sweep-in facility
- Minimum balance requirement of Rs. 1 lakh with Indus Merchant Select account
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Merchant Pioneer
Got your hands full with managing the everyday transactions of your large business? Opt for IndusInd Bank’s best-in-class banking services with Merchant Pioneer Account. Ideal for a business with an average monthly balance requirement of Rs. 10 lakhs, you can enjoy the following features-
- Free cash deposits up to Rs. 1 crore
- Free RTGS/NEFT/IMPS services
- In-app Khatabook (Digital ledger) to maintain all your credit transactions in one place
- Swipe machines
- Get flexible access to credit with an end-to-end online loan application process
The Bottom Line
No matter your business banking needs, a merchant account from IndusInd Bank is at your service with the best-in-class facilities, attractive privileges, and convenient account management. In fact, you can opt for IndusInd Bank’s premium merchant banking services to make your experience even more convenient.
Download the Indus Merchant Solutions app and register yourself as a merchant. Then, you can use it to readily accept cashless payments from your customers and vendors, POS, QR code, net banking, mobile wallets, and more. And if that’s not enough, all the payments in your account are settled instantly, so you don’t have to worry about missing any transactions anymore! Visit IndusInd Bank’s website to know more.
