Setup and Configuration

Eliminate manual calculations and reduce operational overhead with faster vendor payouts. This solution requires a new integration and the use of additional APIs for transfer creation.

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Primary Eligibility Criteria

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VAS Partners under Banking Organisations

• Businesses acquired by banking partners (such as HDFC Bank).
• Currently using Razorpay’s payment stack through banking partnerships.
• Part of programs like HDFC Collect Now or similar banking initiatives.

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Setup and Configuration

One of the key advantages of is the minimal setup required:

• New API for Transfer Creation: A new API is used to create transfers.
• No Code Changes (for existing Route users): If you already have a Route implementation, it will work seamlessly with Direct Settlement transactions.

Things that will remain the same for existing Route users:

• API endpoints and request/response formats: If you are already using Razorpay Route, you will continue to use the same API endpoints and formats.
• Webhook configurations and event handling: Your existing webhook configurations and event handling processes will remain unchanged.
• Dashboard interface and reporting: The dashboard interface and reporting will be familiar.
• Transfer creation and management processes:

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Use Current Setup

Businesses who have already integrated with Razorpay Route can continue with their existing setup and patterns.

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API Compatibility

All existing Route APIs work with DS transactions:

• POST /payments/{id}/transfers
• GET /payments/{id}/transfers
• GET /transfers/{id}

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Linked Account Setup

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Onboarding Process

Banking partners manage the linked account setup similar to parent business onboarding:

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Information Collection

• Account holder details (Name, email and phone).
• Business information (Registration type, PAN and GST).
• Settlement details (Beneficiary name, account number and IFSC).

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Bulk Processing

• Bank provides linked account details via operations process.
• Accounts onboarded through bulk CSV upload.
• Validation through batch processing system.

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Account Validation

• Verify batch processing status.
• Confirm accounts appear in Razorpay dashboard.
• Test transfer creation capabilities.