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Cashfree payment gateway pricing, charges, features, and faqs

Published

1 year ago

March 11, 2023

Cashfree payment gateway pricing, charges, features, and faqs

Ecommerce is booming in India, and so are Digital payments, isn’t it?

Despite the pandemic, or maybe, because of it, more eCommerce stores are popping up.

Whatever the situation, the growing eCommerce industry needs an efficient payment system. With the Increasing digital payment trends, the payment gateway solution has quickly become a crucial tool in the Indian market.

But with so many payment gateways available, you’ve probably come across Cashfree.
The question is, what makes Cashfree different from other payment gateways? Let’s start with some basics first.

What is Cashfree payment Gateway?

Founded in 2015 by Akash Sinha and Reeju Dutta as a payment gateway, the founders decided to make it a dedicated bulk payout solution for businesses in India later in mid-2016.

With 3 lakhs+ merchants connected with the Cashfree payments solution and 40 billion+ U.S. Dollars processed annually, it is one of India’s most trusted payment gateways.

But what makes it popular is offering the lowest TDR in India.

Cashfree payment gateway is a user-friendly Indian payment gateway and API payment platform that offers a wide range of features and services that make it an attractive option for businesses. It provides solutions for online payments and cash-on-delivery payments designed for companies based in India.

It is developer friendly and can integrate with any website and other website-building platforms like Shopify, WooCommerce, Magento, Wix, WordPress, and more.

In addition, international payment support helps businesses to extend their reach to customers abroad by supporting 30+ foreign currencies.

This article shows cashfree payment gateway reviews on the pricing, charges, features, and FAQs. Buckle up; it is going to be an in-depth read!

Which payment options does the Cashfree payment gateway support?

In a fast-paced and modern world, businesses need to be able to accept payments in multiple ways.

Access to multiple payment modes benefits both the merchant and the buyer because it provides flexibility and convenience.

For the merchant, it allows them to accept payments in the most convenient form for the buyer. On the other hand, it allows customers to pay in the most convenient form. This flexibility and convenience are why access to multiple payment modes is so beneficial.

This gives customers the convenience they crave and helps businesses tap into new markets. It helps increase customer satisfaction, boost sales, help run payments smoothly, and increase the rate of successful business transactions.

Cashfree offers 120+ payment options for customers in India and abroad, allowing transactions in 30+ currencies. The payment modes include Credit and Debit cards, Net Banking (65+ Indian Banks), Paytm, and other wallets, UPI via BHIM, Google pay, EMI options, and Buy Now Pay Later.

In addition, it allows businesses to collect payments for subscriptions via links or API, UPI Autopay, and E-mandate making it a convenient option for Indians across the country.

The upper limit transaction for the Cashfree payment gateway is 1 lakh INR which can be modified in the dashboard under ‘Payment Methods.’

Cashfree payment gateway features

Cashfree Payment Gateway is aleading online payment service offering multiple features for customers and merchants. Some of the important features include the following-

Accepting Payments using International Cards
Accepting payment using International cards allows businesses to expand their reach to a global audience. It also helps build customer trust, as they know they can use their preferred payment method.
Additionally, it can help to increase conversion rates, as customers are more likely to complete a purchase if they can pay with their preferred method.
Cashfree payment gateway allows accepting payments through International cards using Visa, Mastercard, Paypal, Paytm, Diners Club, and American Express.
Multi-Currency Support
The payment gateways provide customers with a seamless and secure checkout process. Regarding cross-border sales, payment gateways play a key role in helping merchants process online transactions with efficiency and good user experience.
Merchants selling across the globe need to choose the payment gateway carefully. The multicurrency feature allows the merchant to accept and make payments through an online portal with currency flexibility.
Cashfree payment gateway allows international transactions in 30+ currencies, including USD, GBP, EUR, AED, CAD, and many more.
Recurring Billing Solutions
Recurring billing is the automatic, regular billing process that automates the payment collecting process once customers signups for a subscription service, like SaaS products or an eCommerce service.
It allows merchants to draw funds from their customer’s accounts regularly for their purchases and services they receive regularly. The amount is transferred from the customer’s account to the merchant’s account, and they are issued an invoice for the same. It ensures an ongoing long-term relationship between customer and merchant instead of a one-time purchase.
Cashfree payment gateway allows Subscription-based payments using cards (Visa, Mastercard), E-mandate, UPI Autopay, and physical NACH.
Settlement Period
Payment gateways typically have a settlement period of between 1-3 business days. However, this can vary depending on the gateway provider and the country where the payment was made.
The settlement period is important because it ensures that all transactions are processed securely and accurately. It also allows merchants to protect themselves from fraudulent activity by giving them time to verify that the payments they receive are legitimate.
Cashfree payment gateway has a settlement period of T+2 days.
In addition, it offers an Instant Settlement Cycle of 15 minutes, On-demand Instant settlement, and Same-day settlement options to reconcile all your payments, even on bank holidays, instantly.
Customer Support
Payment gateways should be designed with robust customer support to ensure that customers can access the assistance they need quickly and easily.
This could include a customer service line, a chatbot, an FAQ section, or any other support that makes it easy for customers to get the answers they need.
Additionally, payment gateways should have knowledgeable customer service representatives that can provide personalized assistance and troubleshooting for customers. By providing excellent customer support, payment gateways can ensure that customers have a smooth and pleasant experience when using their services.
Cashfree payment gateway offers online customer care through the merchant dashboard. It allows customers to submit tickets for any issues, real-time online chat service, an email, and a dedicated relationship manager to solve queries.
The premium services offer dedicated account managers, priority business support with an assured response time of 30 minutes, and 20% faster resolution to dispute management. Add a few lines around readymade plugins for shopping websites, easy integration as a part of features.

Cashfree payment gateway pricing and charges

Cashfree offers competitive pricing and charges for their payment gateways, with a zero setup fee, minimal transaction fees, and no additional maintenance or hidden fees. It also offers the lowest TDR.

Cashfree payment gateway charges offer premium services with an Annual Maintenance charge of Rs. 4,999/- per year.

Here is a list of Cashfree payment gateway pricing and charges-

Transaction fees of 1.90% for Visa, MasterCard, Maestro, ICICI, AmazonPay, Airtel Money, Jio Money, Phonepe, 70+ Net Banking
Transaction fees of 0% for UPI and RuPay.
Transaction fees of 1.5% for Debit Card EMI – HDFC
Transaction fees of 2.5% + TDR for Credit Card EMI – HDFC, Kotak, ICICI, SBI, Bank of Baroda, Standard Chartered, Axis, and others.
Transaction fees of 1.9% for Cardless EMI- ICICI bank, Kotak bank, IDFC First bank, HDFC, Federal bank, Zest Money, and KreditBee.
Transaction fees of 2.2% for the Pay later option – lazy pay, OlaMoney postpaid, ePayLater, HDFC, Kotak, Simpl, Freecharge PayLater, Zest Money pay later.
Transaction fees of 3.5% + Rs.7 for International Cards- Visa, Mastercard.
Transaction fees of 2.95% for Diners Club and American Express.

Let us compare the pricing of Top payment gateways in India.

Payment Gateways	Cashfree	Razorpay	Paytm	PayU	InstaMojo (Free Version)	PayPal
Annual Maintenance Charge	Zero	Zero	Zero		Zero	Zero
Debit Cards	1.9%	2%	0.90%	2%	5% + Rs. 3	Zero
Credit Cards	1.9%	2%	1.99%	2%	5% + Rs.3
International Credit Cards	3.5% + Rs. 7	3%	2.99%	3%	Available on Request	4.4% + USD 0.30 + Fixed Fee
American Express and Diners Club	2.95%	3%	2.99%	3%	Available on Request	4.4% + USD 0.30 + Fixed Fee
Pay later	2.2%	2%	–	–	–	–

Cashfree payment gateway offers customized pricing for customers with high volumes or microtransactions. Please contact their sales department for more information on customized pricing and if it is right for you.

Cashfree payment gateway integration options

Online payment gateway aims to help eCommerce companies smoothly accept digital payments from their customers.

Payment gateways should strive to provide easy integration so businesses can quickly and easily set up their payment system. Integration should be user-friendly and include extensive documentation and support to integrate with popular eCommerce platforms like WooCommerce, Shopify, Magento, WordPress, and more.

In addition, the payment gateway system should not botch up the website’s UX with a slow payment process.

Cashfree payment gateway offers easy and seamless multiple integration APIs for website integration, mobile SDK integration, and predefined plugins for some major eCommerce platforms like Shopify, Magento, WooCommerce, Opencart, WHMCS, and PrestaShop.

FAQs

Does Cashfree accept international payments?
Yes, the Cashfree payment gateway accepts International payments using credit cards, debit cards, and other options with transactional fees of 3.5% + Rs.7 per transaction.
How does Cashfree process settlements?
The Cashfree payment gateway has a standard settlement period of T+2 days, where T is the date of the transaction. But it also offers various settlement options like Instant settlement, same-day settlement, and On-demand instant settlement.
How much does Cashfree cost?
Cashfree payment gateway transaction charge depends upon the payment mode of your customer. Check out the pricing page for more information.
Is a Cashfree payment gateway free?
The Cashfree payment gateway is a free payment gateway that has zero maintenance and setup charges. But it also provides premium support services at an Annual Maintenance Cost of Rs. 4,999 per year.
How does cashfree payout work?
Cashfree payment gateway works seamlessly and efficiently to process merchant’s payments. Here are the steps involved-
1. The customer enters the card details on the merchant’s site. Payment details are encrypted and tokenized by the payment gateway.
2. The payment gateway forwards the information to the Acquiring bank, and the acquiring bank forwards the information to the card networks.
3. The issuing bank authorizes the payment, checks fund availability, and responds positively to the card network (by checking the fund availability).
4. The card company sends the message to the Acquiring bank and forwards the payment status to the merchant.
5. As soon as the payment has been approved, the Acquiring bank requests funds from the Issuing bank. Upon receiving the funds, the payment aggregator settles them with the merchant.
How to contact cashfree customer care?
Cashfree payment gateway offers different ways to contact customer care to get help. It allows merchants to contact them from the dashboard, use a real-time live chat option, create a support ticket, and send it by email. If you have premium support, you also get a dedicated relations manager to solve the queries.
What documents do I need to submit to get a payment gateway?
There are different documents needed depending upon the nature of your firm. For example, if you have proprietorship firm documents required are-
1. Business Address Proof
2. Cheque or Bank Account Statement
3. Business registration Proof
4. The Income Tax Return File
5. IRDA License
6. Permission from Local Government Authority
7. Business PAN
8. Business Owner PAN.

To check full details, visit here.

Posts are written by the top management Team of Devathon – Modern & Affordable Software development for startups

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[GET] The7 Website And Ecommerce Builder For WordPress

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The7 website and ecommerce builder for wordpress is the most customizable WordPress, Elementor, and WooCommerce theme available on the market up to …

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Making 43% of the Web More Dynamic with the WordPress Interactivity API – WordPress.com News

Published

1 day ago

April 17, 2024

Max

Making 43% of the Web More Dynamic with the WordPress Interactivity API – WordPress.com News

Creating rich, engaging, and interactive website experiences is a simple way to surprise, delight, and attract attention from website readers and users. Dynamic interactivity like instant search, form handling, and client-side “app-like” navigation where elements can persist across routes, all without a full page reload, can make the web a more efficient and interesting place for all.

But creating those experiences on WordPress hasn’t always been the easiest or most straightforward, often requiring complex JavaScript framework setup and maintenance.

Now, with the Interactivity API, WordPress developers have a standardized way for doing that, all built directly into core.

The Interactivity API started as an experimental plugin in early 2022, became an official proposal in March 2023, and was finally merged into WordPress core with the release of WordPress 6.5 on April 2, 2024. It provides an easier, standardized way for WordPress developers to create rich, interactive user experiences with their blocks on the front-end.

ELI5: The Interactivity API and the Image Block

Several core WordPress blocks, including the Query Loop, Image, and Search blocks, have already adopted the Interactivity API. The Image block, in particular, is a great way to show off the Interactivity API in action.

At its core, the Image blocks allow you to add an image to a post or page. When a user clicks on an image in a post or page, the Interactivity API launches a lightbox showing a high-resolution version of the image.

The rendering of the Image block is handled server-side. The client-side interactivity, handling resizing and opening the lightbox, is now done with the new API that comes bundled with WordPress. You can bind the client-side interactivity simply by adding the wp-on--click directive to the image element, referencing the showLightbox action in view.js.

You might say, “But I could easily do this with some JavaScript!” With the Interactivity API, the code is compact and declarative, and you get the context (local state) to handle the lightbox, resizing, side effects, and all of the other needed work here in the store object.

actions: {
			showLightbox() {
				const ctx = getContext();

				// Bails out if the image has not loaded yet.
				if ( ! ctx.imageRef?.complete ) {
					return;
				}

				// Stores the positons of the scroll to fix it until the overlay is
				// closed.
				state.scrollTopReset = document.documentElement.scrollTop;
				state.scrollLeftReset = document.documentElement.scrollLeft;

				// Moves the information of the expaned image to the state.
				ctx.currentSrc = ctx.imageRef.currentSrc;
				imageRef = ctx.imageRef;
				buttonRef = ctx.buttonRef;
				state.currentImage = ctx;
				state.overlayEnabled = true;

				// Computes the styles of the overlay for the animation.
				callbacks.setOverlayStyles();
			},
...

The lower-level implementation details, like keeping the server and client side in sync, just work; developers no longer need to account for them.

This functionality is possible using vanilla JavaScript, by selecting the element via a query selector, reading data attributes, and manipulating the DOM. But it’s far less elegant, and up until now, there hasn’t been a standardized way in WordPress of handling interactive events like these.

With the Interactivity API, developers have a predictable way to provide interactivity to users on the front-end. You don’t have to worry about lower-level code for adding interactivity; it’s there in WordPress for you to start using today. Batteries are included.

How is the Interactivity API different from Alpine, React, or Vue?

Prior to merging the Interactivity API into WordPress core, developers would typically reach for a JavaScript framework to add dynamic features to the user-facing parts of their websites. This approach worked just fine, so why was there a need to standardize it?

At its core, the Interactivity API is a lightweight JavaScript library that standardizes the way developers can build interactive HTML elements on WordPress sites.

Mario Santos, a developer on the WordPress core team, wrote in the Interactivity API proposal that, “With a standard, WordPress can absorb the maximum amount of complexity from the developer because it will handle most of what’s needed to create an interactive block.”

The team saw that the gap between what’s possible and what’s practical grew as sites became more complex. The more complex a user experience developers wanted to build, the more blocks needed to interact with each other, and the more difficult it became to build and maintain sites. Developers would spend a lot of time making sure that the client-side and server-side code played nicely together.

For a large open-source project with several contributors, having an agreed-upon standard and native way of providing client-side interactivity speeds up development and greatly improves the developer experience.

Five goals shaped the core development team’s decisions as they built the API:

Block-first and PHP-first: Prioritizing blocks for building sites and server side rendering for better SEO and performance. Combining the best for user and developer experience.
Backward-compatible: Ensuring compatibility with both classic and block themes and optionally with other JavaScript frameworks, though it’s advised to use the API as the primary method. It also works with hooks and internationalization.
Declarative and reactive: Using declarative code to define interactions, listening for changes in data, and updating only relevant parts of the DOM accordingly.
Performant: Optimizing runtime performance to deliver a fast and lightweight user experience.
Send less JavaScript: Reduce the overall amount of JavaScript being sent on the page by providing a common framework that blocks can reuse. So the more that blocks leverage the Interactivity API, the less JavaScript will be sent overall.

Other goals are on the horizon, including improvements to client-side navigation, as you can see in this PR.

Interactivity API vs. Alpine

The Interactivity API shares a few similarities to Alpine—a lightweight JavaScript library that allows developers to build interactions into their web projects, often used in WordPress and Laravel projects.

Similar to Alpine, the Interactivity API uses directives directly in HTML and both play nicely with PHP. Unlike Alpine, the Interactivity API is designed to seamlessly integrate with WordPress and support server-side rendering of its directives.

With the interactivity API, you can easily generate the view from the server in PHP, and then add client-side interactivity. This results in less duplication, and its support in WordPress core will lead to less architectural decisions currently required by developers.

So while Alpine and the Interactivity API share a broadly similar goal—making it easy for web developers to add interactive elements to a webpage—the Interactivity API is even more plug-and-play for WordPress developers.

Interactivity API vs. React and Vue

Many developers have opted for React when adding interactivity to WordPress sites because, in the modern web development stack, React is the go-to solution for declaratively handling DOM interactivity. This is familiar territory, and we’re used to using React and JSX when adding custom blocks for Gutenberg.

Loading React on the client side can be done, but it leaves you with many decisions: “How should I handle routing? How do I work with the context between PHP and React? What about server-side rendering?”

Part of the goal in developing the Interactivity API was the need to write as little as little JavaScript as possible, leaving the heavy lifting to PHP, and only shipping JavaScript when necessary.

The core team also saw issues with how these frameworks worked in conjunction with WordPress. Developers can use JavaScript frameworks like React and Vue to render a block on the front-end that they server-rendered in PHP, for example, but this requires logic duplication and risks exposure to issues with WordPress hooks.

For these reasons, among others, the core team preferred Preact—a smaller UI framework that requires less JavaScript to download and execute without sacrificing performance. Think of it like React with fewer calories.

Luis Herranz, a WordPress Core contributor from Automattic, outlines more details on Alpine vs the Interactivity API’s usage of Preact with a thin layer of directives on top of it in this comment on the original proposal.

Preact only loads if the page source contains an interactive block, meaning it is not loaded until it’s needed, aligning with the idea of shipping as little JavaScript as possible (and shipping no JavaScript as a default).

In the original Interactivity API proposal, you can see the run-down and comparison of several frameworks and why Preact was chosen over the others.

What does the new Interactivity API provide to WordPress developers?

In addition to providing a standardized way to render interactive elements client-side, the Interactivity API also provides developers with directives and a more straightforward way of creating a store object to handle state, side effects, and actions.

Graphic from Proposal: The Interactivity API – A better developer experience in building interactive blocks on WordPress.org

Directives

Directives, a special set of data attributes, allow you to extend HTML markup. You can share data between the server-side-rendered blocks and the client-side, bind values, add click events, and much more. The Interactivity API reference lists all the available directives.

These directives are typically added in the block’s render.php file, and they support all of the WordPress APIs, including actions, filters, and core translation APIs.

Here’s the render file of a sample block. Notice the click event (data-wp-on--click="actions.toggle"), and how we bind the value of the aria-expanded attributes via directives.

<div
	<?php echo get_block_wrapper_attributes(); ?>
	data-wp-interactive="create-block"
	<?php echo wp_interactivity_data_wp_context( array( 'isOpen' => false ) ); ?>
	data-wp-watch="callbacks.logIsOpen"
>
	<button
		data-wp-on--click="actions.toggle"
		data-wp-bind--aria-expanded="context.isOpen"
		aria-controls="<?php echo esc_attr( $unique_id ); ?>"
	>
		<?php esc_html_e( 'Toggle', 'my-interactive-block' ); ?>
	</button>

	<p
		id="<?php echo esc_attr( $unique_id ); ?>"
		data-wp-bind--hidden="!context.isOpen"
	>
		<?php
			esc_html_e( 'My Interactive Block - hello from an interactive block!', 'my-interactive-block' );
		?>
	</p>
</div>

Do you need to dynamically update an element’s inner text? The Interactivity API allows you to use data-wp-text on an element, just like you can use v-text in Vue.

You can bind a value to a boolean or string using wp-bind– or hook up a click event by using data-wp-on–click on the element. This means you can write PHP and HTML and sprinkle in directives to add interactivity in a declarative way.

Handling state, side effects, and actions

The second stage of adding interactivity is to create a store, which is usually done in your view.js file. In the store, you’ll have access to the same context as in your render.php file.

In the store object, you define actions responding to user interactions. These actions can update the local context or global state, which then re-renders and updates the connected HTML element. You can also define side effects/callbacks, which are similar to actions, but they respond to state changes instead of direct user actions.

import { store, getContext } from '@wordpress/interactivity';

store( 'create-block', {
	actions: {
		toggle: () => {
			const context = getContext();
			context.isOpen = ! context.isOpen;
		},
	},
	callbacks: {
		logIsOpen: () => {
			const { isOpen } = getContext();
			// Log the value of `isOpen` each time it changes.
			console.log( `Is open: ${ isOpen }` );
		},
	},
} );

Try it out for yourself

The Interactivity API is production-ready and already running on WordPress.com! With any WordPress.com plan, you’ll have access to the core blocks built on top of the Interactivity API.

If you want to build your own interactive blocks, you can scaffold an interactive block by running the below code in your terminal:

npx @wordpress/create-block@latest my-interactive-block --template @wordpress/create-block-interactive-template

This will give you an example interactive block, with directives and state handling set up.

You can then play around with this locally, using wp-env, using a staging site, or by uploading the plugin directly to your site running a plugin-eligible WordPress.com plan.

If you want a seamless experience between your local dev setup and your WordPress.com site, try using it with our new GitHub Deployments feature! Developing custom blocks is the perfect use case for this new tool.

The best way to learn something new is to start building. To kick things off, you may find the following resources a good starting point:

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The Masters Golf Tournament – WordPress.com News

Published

2 days ago

April 17, 2024

Max

The Masters Golf Tournament – WordPress.com News

What’s harder: winning the Masters Tournament or re-creating its website in under 30 minutes? Watch the video and find out.

Jeremy Anderberg

Congratulations are in order for Scottie Scheffler, the winner of the 2024 Masters Tournament in Augusta, Georgia! In today’s Build and Beyond video, Jamie Marsland takes on the slightly less intimidating task of re-creating the Masters website as quickly as he can. Can he possibly do it in just 30 minutes?

Along the way, you’ll learn about sticky navigation menus, image overflows and breakouts, card layouts, and more.

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