Signing up with BillDesk

Action items

• Ensure the following:
  • You have received Merchant ID and Client ID for V2 APIs.
  • FP IP addresses is whitelisted.
  • FP webhook URLs are whitelisted.
  • FP authentication certificates are shared with Billdesk.
  • Auto-refund flag is enabled.

BillDesk FAQs

What is the difference between V1 APIs and V2 APIs?
V1 APIs from BillDesk let you use a cart for payments using Netbanking and UPI. However, they do not include eNACH mandate functionality. In contrast, V2 APIs support UPI intent features but do not provide cart functionality.

Does BillDesk support Third Party Validation(TPV)?
BillDesk supports Third Party Validation(TPV) for Netbanking, UPI and eNACH mandate methods.

Why is Third Party Validation(TPV) required?
In order to reduce the risks like cybercrimes, money laundering etc, SEBI has mandated that all payments must be made by investors exclusively from the pre-registered bank accounts. To ensure this, you need Third Party Validation(TPV).

What is auto-refund flag?
In cases of late authorisation of payments, if the auto-refund flag is enabled, Billdesk automatically refunds the money to the investor if the payment is not moved to SUCCESS before T+1 working day 6am. Else the payment can be in PENDING state upto 5 working days.