Credits
Know about the Amount credits, Fee credits and Refund credits available to you. Manage them and configure alerts from the Razorpay Dashboard.
There are three types of credits
, and .You can view and add funds to these credits from the Dashboard. Also, you can
to receive email notifications when your credits fall below the set threshold.Watch Out!
Amount credits are the credits against which you can receive payments without any fee deduction.
Example
If you have a credit of RM 100.00, you will not be charged any fees for payments up to RM 100.00. However, if a transaction exceeds RM 100.00 (for example, RM 110.00), fees apply to the entire amount, and you cannot use your credits for this transaction. Amount credits might be assigned to your account during sign-up if Curlec runs promotional campaigns.
You can view the amount credits assigned to your Curlec account. However, you cannot add any funds to this credit.
To view amount credits history:
- Log in to the Dashboard.
- Click Account & Settings in the left navigation.
- Click Credits under Payments and refunds section.
- Click Past Coupons under Amount Credits.
A list of amount credits assigned to the account in the past is displayed.
Fee credits are the credits using which businesses can receive the full settlement amount without any fee deduction. Specific business categories use these credits to help them meet regulatory requirements.
Example
If you have a fee credit of RM 100.00, all the transactions will be settled in full, and the fees for these payments will be deducted from the ₹100 fee credit.
You can add funds to fee credits using the Dashboard through Bank Transfer.
- Log in to the Dashboard.
- Navigate to Account & Settings → Credits.
- Click Add Fee Credits.
- Select Bank Transfer.
- Copy the account number and IFSC code.
- Open your netbanking portal, create a beneficiary with these details and transfer the amount.
Handy Tips
It may take 2-3 hours for the credits to reflect in your Curlec account.
Your fee credits balance is updated.
You can view the fee credits previously added by you.
To view fee credit history:
- Log in to the Dashboard.
- Navigate to Account & Settings → Credits.
- Click View History under Fee Credits.
A list of fee credits previously added by you is displayed.
Refund credits are the credits you can use to make refunds to customers. This ensures that the refunds are not made from your settlement amount but from a separate credit pool.
Example
If you have a refund credit of RM 100.00, any refunds to be processed will be deducted from this credit and not from the actual payment.
You can add funds to Refund credits using the Dashboard through Bank Transfer.
Watch Out!
You should add funds only through the settlement account registered with us.
- Log in to the Dashboard.
- Navigate to Account & Settings → Credits.
- Click Add Refund Credits.
- Select Bank Transfer.
- Copy the account number and IFSC code.
- Open your netbanking portal, create a beneficiary with these details and transfer the amount.
Handy Tips
It may take 2-3 hours for the credits to reflect in your Curlec account.
You can view the refund credits previously added by you.
To view refund credit history:
- Log in to the Dashboard.
- Navigate to Account & Settings → Credits.
- Click View History under Refund Credits.
A list of refund credits previously added by you is displayed.
You can configure alerts to receive email notifications when any of your credits fall below the set threshold amount. This will help you monitor your credit balance and add funds to them whenever necessary.
You can set three alert levels, wherein:
- Alert Level 1: Level set by you on the Dashboard.
- Alert Level 2: Automatically set as 50% of Alert Level 1.
- Alert Level 3: Automatically set as 25% of Alert Level 1.
Example
You can set your refunds credit alert as RM 10,000.00. This means that whenever your refund credits balance falls below:
-
RM 10,000.00: The first email is sent to your registered email address.
-
RM 5,000.00: The second email is sent.
-
RM 2,500.00: The third and final email is sent.
You can configure credit alerts using the Dashboard.
To configure alerts:
- Log in to the Dashboard.
- Navigate to Account & Settings → Credits.
- Click Manage Alerts.
- Set up the alerts for each credit type. You need to enter the value of Alert Level 1 only.
Handy Tips
If you do not want to receive any alerts, set the value to 0
.
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