UPI ID or VPA is a Virtual payment address that is used in place of bank account details for the fund transfer. This address is unique to every user. This will allow your customers to pay you online directly to your bank account.
- You can set up a UPI payment by downloading BHIM UPI payment system or any other application authorized by NPCI. You should use the same mobile number linked with the desired bank account to receive funds. Once authentication is completed, the application will allow you to set up a VPA or UPI ID.
- Once the UPI ID is set up, you can choose the UPI payment method in the accepted payment methods in the Companies tab of Moon Invoice. Make sure that the same is also selected in your Invoice. This will allow you to add the Payee name and Payee VPA or UPI ID.
- Your customer will be able to click on the Pay Now option in the invoice and the UPI payment option will allow them to make the payment directly through their phone. They will also need an application that allows UPI transfers like G pay, BHIM, etc.
Note: Here payment will not be added automatically to your invoice in the application, you will need to add the payment manually once the amount is received in your bank account.