Super Merchant Current Account is an exclusive ZERO MAB account designed for retail merchants where at least one of the collection solutions is mandatory, i.e. Eazypay QR, POS or PG.
Yes, either of the three collection solutions have to be taken with Super Merchant Current Account, i.e. Eazypay QR, POS or PG.
Yes, all Eazypay POS and PG products have their own pricing.
Yes, the process for migration of existing account:
If any of our existing Current Account customer wishes to migrate to the new Super Merchant Current Account variant, you will have to take any one of the Eazypay collection (POS, PG or QR) solutions of the bank and contact branch representative.
Branch transactions include cash (both deposit and withdrawal), NEFT, RTGS, DD/ PO done at branch.
A line of credit to help Merchants like you to manage your working capital requirement. Overdraft limit is basis Point of Sales/ QR transactions done on merchant terminal.
- Pre-approved limit to existing ICICI Bank merchants
- Digitally enabled journey
- Instant disbursement for existing merchants
- Pay interest only on amount used
- Collateral free loans
- No prepayment/ foreclosure charges
Interest rate: 16% & One-Time Processing fees: 2%
- Corporate Internet Banking
- InstaBIZ Merchant View Access
- UPI QR Code
- Contactless Payment Solutions
- Eazy Online Store - Basic Package (Consists of only EazyStore)
No, even under Super Merchant Current Account Instant Card Settlement, eligibility logic remains same. Also it is subject to approval.
It allows merchants to settle POS transactions on the same day instead of the next working day. Available only with Standard POS, i.e. Super Merchant Current Account - Advantage.
Eazy Online Store allows merchants to create a digital store & sell online. Also enables them to access Billing & Online ordering of inventory. It comes in 2 Packages:
- Basic Package ‐ No POS Required. Free of Cost. Only access to EazyStore app. Can be registered through InstaBIZ app.
- Premium Package ‐ Mandatory to have POS to opt for this package. Can be registered through POS Portal. Charges Applicable (One-time Subscription of ₹500 and Monthly Rental ₹300) Merchant will get all three apps (Eazy Store, Eazy Billing and Eazy Supply) access pre-installed on POS.
All Super Current Account merchants who collect money through POS or UPI can earn points on each transaction & later redeem the points.
Merchant using UPI can also get Super Merchant Advantage Current Account, but he needs to collect payments to avoid low through put charges.
If an account holder fails to have a minimum throughput of ₹1,000, he will be charged ₹499; and if throughput between ₹1,000 - ₹25,000, then he will be charged ₹249.
No it is applicable only for Eazypay Standard POS and not on Eazypay Platinum POS.
Merchant can start selling by uploading items on EazyStore and customers who use SnapOrder Application can order from it. There is no website creation.
Yes, as this is a zero balance account. Customer has to meet minimum throughput as per variant to avoid non maintenance.
Yes, the transaction charge for Instant Card Settlement is slightly higher than standard charges.
Instant settlement happens only during business hours from 10:00 A.M. to 8:00 P.M.