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Use Route to improve transaction success rates, reduce payment processing costs and enhance customer satisfaction.

Educational Technology (EdTech)

EdTech companies use technology to enhance teaching, learning and educational processes. Acme provides an online platform for tutors to offer their courses and classes to students. They are using Route in their system for timely and hassle-free payment transfers. Here is how Route helps Acme: Step 1: Tutor Registration and Course Creation Tutors sign up on the Acme platform and create their courses with the enrolment fees or subscription charges for students. Step 2: Students Enrolment Students enrol for courses by making payments through the Acme platform, which uses Razorpay as the underlying technology. Step 3: Fee Routing and Transfer This is where Razorpay Route comes into play. Route platform allows Acme to transfer the received payment into two portions: the tutor’s share and the platform’s commission or service fee.

Ecommerce

Ecommerce (electronic commerce) industries involve buying and selling products and services online. Acme is a wholesale supplier, partnering with various suppliers and vendors to stock their inventory. They use Razorpay Route to simplify and automate supplier payment transfers. Here is how Route helps Acme: Step 1: Supplier Registration and Verification Suppliers register with Acme and get verified. Step 2: Inventory Procurement and Invoicing Acme procures inventory from various suppliers to stock its wholesale stores and place purchase orders with them, specifying the quantity and pricing of the products needed. Suppliers generate and submit invoices for the supplied products to Acme. Step 3: Fund Routing and Disbursement Razorpay Route splits the payment amount into the supplier’s payment and Acme’s commission or service fee. The supplier’s amount is instantly disbursed to their registered bank account or the preferred payment method through Route.

IT & Software Solutions

These companies focus on developing, selling and delivering information technology solutions and software products to businesses and individuals. Acme offers quick and hassle-free loans to individuals through its digital lending platform. To ensure a seamless and efficient loan disbursement process, Acme uses Razorpay Route in its system. Here is how Route helps Acme: Step 1: Loan Application and Approval Customers apply for loans through Acme’s platform by providing the necessary information and documentation. Step 2: Loan Disbursement Request Acme initiates a loan disbursement request for the approved loan amount through Razorpay Route. Step 3: Fund Routing and Disbursement Razorpay Route helps Acme to split the loan amount into multiple portions, such as the principal amount, interest and so on and transfers the loan amount to the borrower’s registered bank account.

Food

Food as a business category involves various sectors and activities related to producing, processing, distributing, and selling food products. Acme, a food platform, collaborates with multiple Acme outlets to serve customers. To ensure smooth and efficient payment disbursements to their outlets, Acme uses Razorpay Route in their system. Here is how Route helps Acme: Step 1: Order Placement and Payment Customers place their pizza orders through Acme’s website or app and make the payment. Step 2: Routing Payment When the Acme outlet marks an order as complete, Acme’s platform initiates a payment transfer request through Razorpay Route. The payment is automatically split into the outlet’s earnings and the platform’s commission or service fee.

Build Your Custom Use Case

You can extend and use Razorpay Route in all business models where you want to automate the disbursal of funds to one or more bank accounts. You can explore Razorpay Route and find how best it can serve your unique business model. Contact our Support team for any queries.