EMI stands for Equated Monthly Installment and is a payment option available for online shopping in India. This payment option allows customers to pay for their online purchases in monthly installments instead of paying the full amount upfront. Customers can use their credit cards to avail of the EMI option, which is subject to their credit limit. The duration of EMI payments can range from 3 months to 24 months, depending on the product being purchased. This payment option is highly convenient as it allows customers to purchase expensive products such as mobile phones, laptops and other electronic items without having to pay the full amount upfront.
Furthermore, EMI payments also offer higher flexibility with regards to credit card payments. Customers can pay for their purchases in smaller, monthly installments which can be more manageable for them. This payment option also helps to improve the customer’s credit rating as timely payments are reported to credit bureaus.
Overall, EMI is a convenient and flexible payment option for online shoppers in India. It allows customers to purchase expensive items without having to pay the full amount upfront. Customers can also benefit from improved credit ratings by making timely payments.
EMI accepted online
Most banks and financial institutions offer online services that allow their customers to accept payments via a variety of methods, including credit and debit cards, e–wallets, bank transfers, and even cryptocurrency. Many merchants also offer online payment processing services that allow customers to pay for goods and services with a variety of payment methods.
EMI accepted websites
There are many websites that accept EMI payments, including Amazon, Flipkart, Snapdeal, Myntra, BigBasket, eBay, Paytm, and more. Many of these websites offer discounts and cashback when customers pay using EMI payments. Additionally, there are many payment gateway providers that allow merchants to accept EMI payments, such as Razorpay, PayU, Instamojo, and many more.
