Instamojo was founded in 2012 by four entrepreneurs Akash Gehani, Aditya Sengupta, Harshad Sharma and Sampad Swain. They sell their customers 1.9 % on the incoming transaction as their charge. Once a Consumer transacts more, they move on to another slab, and their fees start going down. The payout takes place on every Friday and all the consumers receive their payment directly to their bank account through NEFT. They make money, only when a consumer gets money. A user has to spend a small transaction charge only when they make any sale or get money. There are no upfront charges, no cost to build a payment link and no charge to use their cool features.
API Integration –
Instamojo API is available for WordPress/Woocommerce, CS-Cart, OpenCart, Magento, Prestashop and Drupal. You can use Instamojo API for various languages like Ruby, Php, and Python. Visit the website to know the API features
NEFT/ RTGS/ Bank Transfer cost – INR 0.00
Transaction Fee – 2% + INR 3.00
International Credit cards and American Express Cards – Contact Support.
For Digital Products Transaction Fee is 5% + ₹3 where Instamojo host the products.
**For more information contact support