ShopSe

ShopSe: Merchant Overview Of Payment Acceptance And EMI Checkout Financing

ShopSe is an India-focused affordability and checkout financing platform that enables merchants to offer installment payments (EMIs) alongside full payments. The platform is designed to support multiple customer profiles, including pre-approved customers, credit card EMI users, and customers who are new to credit. Merchants get tools to create and track transactions, configure EMI offers, manage refunds, and receive settlement payouts.

ShopSe Overview For Merchants

ShopSe supports three primary EMI modes:

• Pre-Approved EMI: EMI options for customers who already have a pre-approved limit with participating lenders.

• Credit Card EMI: EMI conversion for customers using major credit cards.

• New To Credit Digital Finance: lender-led eligibility flows for customers without a pre-approved limit or a credit card, supported by multiple lenders.

ShopSe also positions its platform as supporting both EMIs and full upfront payments through a single system.

Payment Acceptance Channels

In-Store Payments Via QR Code

ShopSe supports a QR-code-based in-store purchase flow. Customers complete a purchase by scanning a ShopSe QR code installed at the merchant location and selecting an eligible EMI option.

Online And Offline Scope

ShopSe positions itself for both online and offline commerce.

Checkout Features Relevant To Merchants

No Cost EMI And Offer Configuration

ShopSe supports “No Cost EMI”, where the customer does not pay interest on the product amount and the interest amount is provided as an upfront discount. Merchants can set the EMI offer per transaction through the app, and a default offer can apply to QR-code transactions.

Refunds And Partial Refunds

ShopSe supports full and partial refunds. Refund execution is tied to merchant funding: refunds are allowed only if the merchant has a credit balance with ShopSe; otherwise, the merchant needs to pre-fund ShopSe’s account before a refund can be initiated to the customer.

Settlement Timing And Payout Mechanics

ShopSe references settlement within T+3 days, excluding Sundays and bank or national holidays.

Merchant Onboarding Requirements

ShopSe defines merchant onboarding as registering and verifying merchants to accept payments through the platform. Document requirements vary by legal form and commonly include business bank account details for settlement, PAN and identity documents for key persons, and a GST certificate. The provider also references merchant KYC documentation as required under RBI-related requirements for settlement transfers to a merchant business account.

Customer Eligibility, Limits, And Tenures

ShopSe provides indicative customer ticket-size ranges for its EMI flows:

• Pre-Approved EMI: ₹7,000 to ₹3,00,000 (subject to bank eligibility and credit score).

• Credit Card EMI: ₹3,000 to ₹5,00,000.

• Digital Finance: ₹8,000 to ₹3,00,000 (subject to NBFC eligibility).

Typical tenures referenced are 3, 6, 9, and 12 months. The provider also notes that interest rates vary based on the lending partner and other factors. For merchants, this typically influences which SKUs or service packages are suitable for EMI routing and how No Cost EMI offers are configured.

Data Security And Privacy

The company states that it is PCI DSS compliant and that customer data is encrypted and shared only with the relevant bank or NBFC for the transaction.

Typical Merchant Fit And Categories

ShopSe positions its solution for merchants selling higher-ticket goods or services where installments can be relevant. The platform references category coverage including insurance, health and wellness, travel, furniture, fitness, and edutech. The company also describes insurance premium financing use cases where customers split premiums into monthly EMIs using cardless EMI, credit card EMI, or an NBFC marketplace option.

Conclusion

ShopSe provides an India-based payment acceptance and affordability layer for merchants that want EMI-based payments alongside full payments. Key capabilities include QR-code-based in-store purchase flows, configurable EMI offers, refund and partial refund support with prefunding mechanics, settlement within T+3 days, and MDR-based fees that are auto-deducted from settlement amounts with GST applied on MDR. Operationally, merchants should expect lender-led eligibility decisions and merchant KYC and documentation requirements before activation.