Cashgram - Payout Links for Growing Businesses

Overview

Cashgram is an instant payout link solution that enables businesses to send money without collecting recipient's bank account details. The service allows businesses to delight users by paying them faster through multiple payout modes in a highly secure environment.

What is Cashgram?

Cashgram is an instant payout link used by businesses to send money to their customers, vendors, or partners when only their email address or phone number is known.

Key Differentiators

Cashgram is a payout link with many additional features beyond standard payout links. Businesses can customize Cashgram links with their company logo and color to reflect their brand. Additional capabilities include setting up link expiry time and verifying the beneficiary's name before sending out the money.

Core Features

Instant Payouts 24x7

Do instant payouts to any bank account, UPI ID, Paytm, or AmazonPay wallet instantly even on a bank holiday.

Built for Scale

Make up to 10,000 transfers in a single API call or via simple Excel file upload.

Secure and Reliable

Ensure secure and reliable payouts every time with in-built features:

Customizable

Customize your Cashgram links with your company logo and color to reflect your brand.

Integration Options

API Integration

Quick and easy integrations with the following capabilities:

Sample API Call (cURL)

curl -X POST /
'https://{{Host Url}}/payout/v1/payout/v1/createCashgram'
-H 'Accept: */*'
-H 'Authorization: Bearer {{token}}'
-H 'Content-Type: application/json'
-d '{
"cashgramId": "cf6",
"amount": "1.00",
"name": "john",
"email": "[email protected]",
"phone": "9000000001",
"linkExpiry": "2019/11/9",
"remarks": "sample cashgram",
"notifyCustomer": 1
}'

No Code Solutions

WhatsApp Integration

Integration with WhatsApp available for best customer experience.

Enterprise Features

Beneficiary Name Verification

Cashfree Payments does a penny transfer to the bank account and verifies that the bank account is valid and matches the receiver's name with the account holder's name in bank records - ensuring the amount goes only to the intended beneficiary.

Maker-Checker Flow

Assign different roles to team members. Define Maker and Checker flows and minimize the chances of mistakes due to human errors, malpractices, etc.

Use Cases by Industry

Retail and E-commerce

Refund cash-on-delivery orders instantly, process cashbacks and more.

Case Study: Hummel India Hummel India, a Danish sports brand that makes stylish and functional sports apparel and footwear, secured a 20% increase in COD repeat customers using Cashgram for instant refund of COD orders.

Online Gaming

Distribute prize money to players.

Rental Business

Refund security deposit for any kind of rental business - car, furniture, or appliances.

Case Study: Furlenco Furlenco, the furniture e-renting platform, is delighting customers with instant refund of security deposits at the end of every subscription with Cashgram.

NGOs & Political Organisations

Reiburse field agents and volunteers.

Corporates

Pay marketing affiliates and disburse reimbursements to employees.

Case Study: Apollo Tyres Apollo Tyres automated the entire process of sending incentive payments to agents and influencers with Cashgram, reducing the company's effort to minimal for instant disbursal of incentives.

BFSI (Banking, Financial Services, and Insurance)

Settle insurance claims and pay DSA incentives.

Healthcare

Pay field agents, handle reimbursements, send refunds.

Travel and Hospitality

Pay commissions to vendors, handle reimbursements and do refunds.

Pricing

Basic Plan

₹2.50 Cashgram Charges + Transfer Charges

Premium Plan

₹2.00 Cashgram Charges + ₹2.50 Bank account verification charges + Transfer Charges

Transfer Charges

Transfer Mode Up to ₹1,000 ₹1,001 to ₹10,000 Above ₹10,000
IMPS ₹2.50 ₹5.00 ₹10.00
NEFT ₹1.75 ₹1.75 ₹1.75
UPI ₹3.00 ₹6.00 ₹10.00

Wallet Charges

Enterprise Pricing

Custom pricing designed for enterprises with the following benefits:

Get in touch with the sales team to explore the right product(s) for your payment needs and get custom pricing.

Security Features

How Secure is Cashgram?

Cashgram is a secure way to transfer money to customers with multiple security layers:

User Identity Verification

Users are authenticated using OTP so that only authorized users can view/redeem a Cashgram link. Without a valid OTP, nobody can view/redeem that particular link.

Transfer Notifications

Once a customer redeems a Cashgram link, its status changes from ACTIVE to REDEEMED instantly. Merchants can view this on the dashboard and will be notified over email once a Cashgram has been successfully redeemed.

Frequently Asked Questions

What is a Cashgram?

Cashgram is an instant payout link used by businesses to send money to their customers, vendors, or partners when only their email address or phone number is known.

Is Cashgram different from Payout links?

Cashgram is a payout link with many additional features. You can customize your Cashgram links with your company logo and color to reflect your brand. You can also set up a link expiry time and verify the beneficiary's name before sending out the money.

What are the advantages of using a Payout link?

Payout links make sending out money simple and easy. It takes away all the operational overhead associated with bank transfers or payouts. You can simply create a payout link with a few clicks. We will notify the user and they can redeem the money any time at their convenience.

How can I start using Cashgram?

To start using Cashgram you will need to sign-up on Cashfree. If you already have a Payouts account, click on the "Cashgram" tab in the Payouts dashboard or use our API.

Can I create multiple Payout links at a time?

Yes, with Cashgram's batch upload feature, you can create and send bulk instant payout links to a large number of beneficiaries. All you need to do is click on 'download sample file', add all the required details in the sample downloaded, save the file, and click on upload file.

Can the customer view and redeem a Payout link at any time?

Yes, the recipient will be able to view their Cashgram Payout link at any time. Redemption, however, can only be done within the expiry time set by the merchant while sending the link.

Can customers also redeem money to their UPI account?

If you have UPI enabled in your Payout account, your customers will be able to redeem a Cashgram to their UPI account.

How much does sending a Cashgram link cost?

Please get in touch with our sales team to get a custom pricing as per your needs.

How secure is Cashgram?

Cashgram is a secure way to transfer money to your customers. Once you create a Cashgram link for a beneficiary, only that beneficiary with the provided phone number/email address can use that link to redeem the amount. Also, it is active only for a limited period of time, and as a merchant you can control the expiry time of each link generated. Additionally, Merchants can also enable 'Beneficiary name verification' feature to prevent incorrect transfers and ensure the money goes to the intended beneficiary account only.

How will you verify the identity of the user for whom the Payout link is generated?

We authenticate users using OTP so that only authorized users can view/redeem a Cashgram link. Without a valid OTP nobody can view/redeem that particular link.

Will I be notified if the Cashgram link I generated is used?

Once the customer redeems a Cashgram link its status changes from ACTIVE to REDEEMED instantly. You will be able to view this on the dashboard. You will also be notified over email once a Cashgram has been successfully redeemed.

Related Products

Payment Links

No-code payment links to collect payments over WhatsApp, SMS, Facebook, Twitter and other channels.

Subscriptions

Accept recurring payments by auto-debiting customers' accounts via standing instructions on card, e mandate via net banking option or UPI AutoPay.

Easy Split

Split vendor commissions and manage marketplace settlements.

AutoCollect

Collect and reconcile IMPS/NEFT/UPI payments using unique virtual accounts and UPI IDs.

About Cashfree Payments

Cashfree Payments enables 1 Million+ growing businesses in India and across the globe to collect payments, make payouts, manage international payments, and more. Cashfree Payments is backed by SBI, Y Combinator, Krafton, and Apis partners and was incubated by PayPal.

Regulatory Authorizations