kotak.biz - The Merchant App

Kotak Mahindra Bank introduces kotak.biz – a power packed app designed for merchants to accept payments on their smartphone via various payment modes including UPI, Bharat QR, online payment links (SMS Pay) and Debit/Credit cards (Tap on Phone).

All this, while ensuring the transactions are secure and encrypted end-to-end, with your trusted Kotak legacy backing it.

Why kotak.biz is not just any other payment collection app!

Paperless and quick onboarding

❖ The on-boarding journey is completely digital and paperless, making it super-fast and convenient. It is quick and simple to activate with no rentals and no installation charges.

Contactless and cashless/ Multiple payment collection modes:

❖ kotak.biz is a secure, cashless app that reduces your customers’ waiting time at check-outs
❖ Collect payments via QR, UPI, Credit/Debit Cards or online payment links. Get a physical QR to accept UPI payments as soon as you are onboarded on kotak.biz

Seamless and hassle-free transactions

❖ kotak.biz app is linked to your Kotak Current Account so the payments collected get transferred directly into your account

❖ No need to settle transaction batches manually. Transactions are settled automatically on the next day, 365 days including Sundays and public holidays

❖ Opt for Same Day Settlement facility to get your transactions settled the same day. Just settle the batched manually at 2PM or 5PM and your money will be credited in just a few hours

❖ Get app notifications and voice alerts after every successful transaction for efficient tracking

❖ Voice alerts available in 8 languages, so you can choose your preferred language

❖ No hassle of maintaining offline transaction records. Check digital reports anytime on your smartphone with all your transaction history in one place!

Best-in-class/Exciting features

❖ Add up to 6 staff members on the app and allow them to collect payments on your behalf

❖ Raise queries/service requests on the app itself and get hassle-free priority support

❖ Apply for Business Loans, Overdrafts and Business Credit Cards directly through the app

❖ Digitally record all pending dues and collect outstanding payments using the Khaata feature

❖ Access full details and watch tutorial videos in the FAQ section to know more about kotak.biz and its features

Don’t wait!
Start using kotak.biz instantly for FREE. Activate your account and immediately start accepting payments via kotak.biz.

● If you are a registered POS merchant with Kotak Mahindra Bank, use the Registered Mobile Number and Merchant Identification Number (MID) to login.

● If you have a Kotak Current Account but don’t have a POS machine yet, don’t worry — enter your mobile number registered with the Kotak Bank and authorized signatory Customer Relationship Number (CRN).

Common FAQs:
What are Voice Alerts?
Voice alerts are real-time transaction alerts received for all successful transactions. With kotak.biz, voice alerts are available in 8 languages — English, Hindi, Telugu, Bengali, Kannada, Tamil, Malayalam, and Marathi and it works even when the phone is locked and can be enabled/disabled easily from ‘Settings’ option on the kotak.biz app.

What is Multi-user functionality?

Kotak.biz merchants can add up to 6 staff members as sub-users, enabling them to collect payments via UPI, BQR, SMS Pay, Static QR and Khaata on their behalf. The selected staff-members will also receive app notifications & voice alerts for all successful transactions and view transaction details of the payments collected.
What are the charges for using kotak.biz?
There are no installation or rental fees charged for using the kotak.biz app. The merchants just have to pay nominal MDR charges when accepting payments from customers using cards or Net Banking. Customers can check the MDR charges on the subscription page along with the Terms & Conditions, during the onboarding process.

To know more, click here: kotak.biz