BHIM is India’s First UPI Payment based app and now 1 and the half year after its release BHIM App Trying to Capture Users With Cashback Offers.
BHIM is a government launched and managed app and government Launched a cashback scheme for both customers and Merchants on 14. April 2018 which is also the Birth anniversary of Dr. B.R. Ambedkar.
According to a report, BHIM will pay Rs. 51 to new Customers AND Rs. 1000 for those who are signing for the merchant account on the BHIM App.
BHIM will pay Rs.51 to new customers who do their first ever transaction with BHIM App.There is no boundation of doing minimum amount transaction so users can send minimum Rs.1 also to avail the cashback offer.
What Is The Offer
Note:- All Transaction should be of at least Rs.10 or more than that.
1.If BHIM App users make 25 or more transactions, but less than 50 per month, they will get Rs 100 cashback.
2.Users who make at least 50 transactions will receive Rs. 200 as cashback.
3.The one who does 100 Transaction will get Rs. 250 as a cashback bonus.
Offer For Merchant
The merchants on the BHIM App will get cashback of 10 percent of the transaction value-Maximum Rs.50. To avail, this offer merchants will need to credit a minimum of 10 transactions with a minimum transaction value of Rs. 25.
There is a another offer in which the app will also offer a cashback of 10 percent of the transaction value with a maximum limit of Rs. 50. the app will also offer a cashback of 10 percent of the transaction value with an upper limit of Rs. 50.To Avail this offer merchant will need minimum 5 Transaction of Rs.25
How To Register For A Merchant Account
1.Open BHIM App and Enter the passcode to log in.
2.Tap on the three dots icon on the top right corner of the BHIM’s home screen.
3.Click on the ‘i am merchant‘ option to move further.
4.In this step you have to fill the details it will ask for and then you will get a merchant account.