Offer Configuration
Step 3 : Configure offers in Juspay Dashboard to enable No Cost & Low Cost EMI Plans
For enabling No Cost and Low Cost EMI plans, configure Offers (Discounts/ Cashbacks) against the Standard EMI plans using Juspay Offers Dashboard.
No Cost EMI Offer Configuration
Navigate to Juspay Advance Offer Module: Configure an offer by navigating to the Juspay Advance Offer Module.
Input Offer Details: Enter details such as Offer Code, Title, Description, Logo, Terms & Conditions, and Offer Validity time range.
Select Offer Benefits: For EMI-related offers, choose the Benefit type as either EMI Discount or EMI Cashback.
Configure EMI Discount:
A new EMI Discount section will appear.
Choose 'No Cost EMI' from the dropdown.
As a result of this offer, there will be no interest charged to the user and Juspay will share the No Cost plan details to the gateway during the transaction.
Additional Offer Settings available:
Choose the currency and minimum transaction amount for the offer.
Set a limit on the number of times this offer can be availed.
Decide if the offer applies to the total order amount or a part of it.
Payment Details Tab:
Once the offer details are entered, navigate to the Payment Details tab from the top menu.
Select the 'Cards' payment method to choose applicable EMI plans.
Select EMI Plans:
Use the Bank Selector option to select the EMI plans, bank wise.
Upon selecting the Card Network, all EMI plans configured by you in PG Control centre for that network will populate.
Choose the specific EMI plans for which this No Cost Offer will be applicable.
Submit and Activate Offer:
After selecting all relevant details, click 'Submit' and the offer will be created.
To reflect this offer on the Juspay Payment Page or to access it via the List Offer API, please ensure that the Offer is in Active state which depends on the Offer Validity time range.
No Cost EMI Offer Configuration
Low Cost EMI Offer Configuration
Navigate to Juspay Advance Offer Module: Configure an offer by navigating to the Juspay Advance Offer Module.
Input Offer Details: Enter details such as Offer Code, Title, Description, Logo, Terms & Conditions, and Offer Validity time range.
Select Offer Benefits: For EMI-related offers, choose the Benefit type as either EMI Discount or EMI Cashback.
Configure EMI Discount:
A new EMI Discount section will appear.
Choose 'Low Cost EMI' from the dropdown.
There are 2 ways to define offer discount that will convert the Standard EMI Plan to low cost EMI Plan:
Option 1 : To define a constant discount rate applicable on the EMI Plans selected irrespective of the interest rate of each plan
This can be done by entering value in the field Offer Benefit Amount / Percentage present in the EMI Discount section.
Eg. Cart Value is Rs 10,000 and EMI Plan Interest rate is 10% for 3 months tenure. When Offer Benefit Percentage is entered as 20%, there will a 20% discount applicable on the 10% interest rate of EMI Plan i.e. equivalent to 2% discount in the interest rate of the EMI Plan which amounts to Rs.33.24. Thus the effective interest rate of the EMI Plan will be 8% for the end user.
Post discount, Order of amount Rs.9,966.76 (i.e. Rs 10,000 - Rs.33.24) will be initiated to the gateway for processing.
Option 2: To define the discounted interest rate (also called as subvention interest rate) for each of the EMI Plans individually.
This can be done by navigating to the Payment Details Tab and choosing Subvention Interest Rate for each EMI Plan.
Eg. Cart Value is Rs 10,000 and EMI Plan Interest rate is 10% for a 3 months plan.When Subvention Interest Rate for this plan is entered as 8%, then low cost interest discount would be Rs. 131.87 making the effective order amount as Rs. 9,868.13
Post discount, Order of amount Rs.9868.13 will be initiated to the gateway for processing.
Additional Offer Settings available:
Choose the currency and minimum transaction amount for the offer.
Set a limit on the number of times this offer can be availed.
Decide if the offer applies to the total order amount or a part of it.
Payment Details Tab:
Once the offer details are entered, navigate to the Payment Details tab from the top menu.
Select the 'Cards' payment method to choose applicable EMI plans.
Select EMI Plans:
Use the Bank Selector option to select the EMI plans, bank wise.
Upon selecting the Card Network, all EMI plans configured by you in PG Control centre for that network will populate.
Choose the specific EMI plans for which this Low Cost Offer will be applicable.
Submit and Activate Offer:
After selecting all relevant details, click 'Submit' and the offer will be created.
To reflect this offer on the Juspay Payment Page or to access it via the List Offer API, please ensure that the Offer is in Active state which depends on the Offer Validity time range.
Low Cost EMI Offer Configuration
Standard EMI Plans Offer Configuration
Navigate to Juspay Advance Offer Module: Configure an offer by navigating to the Juspay Advance Offer Module.
Input Offer Details: Enter details such as Offer Code, Title, Description, Logo, Terms & Conditions, and Offer Validity time range.
Select Offer Benefits: choose the Benefit type as either Discount or Cashback.
Specify the Offer Benefit Amount / Percentage
This value will be applied as discount on top of the Cart Value which will reduce the principle amount
The user can then avail Standard EMI option against the discounted Cart Value at the pre-defined interest rates.
Eg. Cart Value is Rs 10,000 and Offer Benefit Percentage is entered as 20%, making the discounted cart value will be Rs 8,000. The user can now avail the standard EMI plan on this cart value.
Post discount value of Rs.8000 will be initiated to the gateway for processing the transaction
Additional Offer Settings available:
Choose the currency and minimum transaction amount for the offer.
Set a limit on the number of times this offer can be availed.
Decide if the offer applies to the total order amount or a part of it.
Payment Details Tab:
Once the offer details are entered, navigate to the Payment Details tab from the top menu.
Select the 'Cards' payment method to choose applicable EMI plans.
Select EMI Plans:
Use the Bank Selector option to select the EMI plans, bank wise.
Upon selecting the Card Network, all EMI plans configured by you in PG Control centre for that network will populate.
Choose the specific EMI plans for which this Low Cost Offer will be applicable.
Submit and Activate Offer:
After selecting all relevant details, click 'Submit' and the offer will be created.
To reflect this offer on the Juspay Payment Page or to access it via the List Offer API, please ensure that the Offer is in Active state which depends on the Offer Validity time range.
For No Cost/Low Cost EMI benefit offers, Juspay will reduce the effective amount (by discounting the interest amount from the order amount) and share the reduced effective amount with payment gateways on which standard EMI will be computed