Table of Contents
On 13th September, we did an exclusive preview of Cashgram-our latest release on Product Hunt, the platform known for surfacing the best new products, every day.
We got an opportunity to interact with product-loving enthusiasts and businesses, and share our story:
- Why we built Cashgram?
- How it works?
- How it solves the problem of processing refunds and paying to users with a single web link?
It was an amazing experience getting into an engaging conversation with product enthusiasts. Here are some feedback.
Do check out the preview of Cashfree: # Top 3 Product of the day
Here is a note from Akash Sinha (excerpt from product hunt) where he shared how we believe Cashgram can solve the common problem of processing refunds and paying users.
Hi PH 👋🏻,
I’m Akash, the Co-Founder of Cashfree.
Cashfree is a Y Combinator-backed bulk payout and payment gateway solution for businesses. Cashgram is our latest release — a weblink businesses can send users to collect account details and make a payment.
Unlike collecting money from users, sending money to users for cash-on-delivery order refunds, rewards, reimbursements etc has always been a slow, ops heavy process often prone to errors. It has demanded coordination between product, customer support and finance team to ensure timely disbursal. Businesses have to ask for a customer’s bank account details, card number over email, chat or phone which also makes many customers uncomfortable 😑
Cashgram has been built to make that process smooth, user-friendly and accurate. It reduces the ops cost for businesses to ZERO and lets customers receive money without having to share their account details with a business 😎
How It works
💻 Business sends a Cashgram link to the user.
📱 User enters their account details (UPI, bank account or PayTM).
💰 Payout is received in their preferred account, instantly.
a) On-the-fly validation of customer-provided details. Throws error in real-time if they provide incorrect bank account number or UPI VPA.
b) Cashgrams are secured via OTP authentication 🗝
c) Instant transfers 🙌
d) Supports 4 popular modes to withdraw: Bank account number, UPI ID, PayTM and Debit cards (issued in India).
e) Auto-expiry of Cashgram, if not redeemed by the prescribed time frame ⌛️
f) Works fabulously on mobile devices. Desktops are supported too.
g) API support available 🤖
a) COD Refunds/Returns at E-commerce stores
b) Rewards disbursal on Fantasy Sports/Online Gaming apps
c) Payouts to marketing affiliates
d) Gifting (alternative to gift cards)
e) Disbursals on P2P lending platform
f) Expense reimbursements Happy to answer your questions!
Looking for a business solution that automates your refund processing?
Looking for an easy way to pay your users?
Cashgram is a weblink business use to pay users instantly without collecting their payment details
Send money directly to any UPI-BHIM ID, PayTM wallet or debit card
Excellent refund solution especially for COD refunds