Card Mandates
Overview
Card Mandates is one of the user preferred options for automating repeat payments for SIPs, EMIs, insurance premiums, subscriptions, bill payments and wallet recharges.
Card Mandate Registration
Card Mandate Registration is when a cardholder authorizes recurring transactions on a merchant platform using a debit or credit card. This authorization allows merchants to collect a predefined amount from the user at regular intervals until the mandate expires. The registration and first payment occur simultaneously.
Card Mandate Execution
To collect recurring payments, registered card mandates must be executed. Following RBI guidelines, issuing banks send a Pre-Debit Notifications (PDNs) to customers 24 hours prior to mandate execution. Customers can revoke or pause mandates as needed. If active after 24 hours, the mandate is executed, and a predetermined amount is debited from the card.
Feature Details
Payment Methods supported: Debit Card & Credit Card
PA/PG Supported: Cybersource, Billdesk, CCAvenue_v2, Paytm_v2, Payu, Razorpay, TPSL
Platforms Supported: Android, iOS, Web & mWeb
Supported Juspay Integrations :
Juspay HyperCheckout (Payment Page)
Juspay Express Checkout SDK (EC Headless SDK)
Juspay Express Checkout API
Juspay PayV3 (iFrame integration on Web)
UX Configurable: Yes
Merchants live: Zee5, Sonyliv, ICICI Prudential Life Insurance, Country Delight, etc.
Related features: Tokenization, Retry Mandates module, Payment Links