| Onboarding | Merchant-acquiring onboarding/approval is required for the chosen POS/UPI/gateway service; wholesale collections and virtual-account integration can have separate onboarding. | Merchant Current Account opening and merchant-acquiring/device activation require YES BANK onboarding and KYC for the relevant business/merchant service. |
|---|
| Acceptance rails | IDFC FIRST lists mPOS, POS, payment gateway, Aadhaar Pay and UPI QR, with card, prepaid/wallet and other supported electronic payment modes depending on channel. | The current bank page lists POS terminals, BQR standee, cards, UPI and SMS-link payments as end-to-end merchant collection modes. |
|---|
| QR / UPI / Bharat QR | Merchants can generate UPI QR codes for customers to scan and pay using UPI/BHIM-compatible apps; the current page does not justify a universal MDR or settlement promise beyond the chosen acquiring arrangement. | BQR/UPI and QR-linked Soundbox activity is part of the merchant proposition; throughput through POS/QR/Soundbox can count toward the dynamic-tier account model. |
|---|
| POS / Soundbox | POS and mPOS are explicitly published. A universal Soundbox entitlement is not inferred from the reviewed current public product pages. | POS and Soundbox are explicit merchant solutions. The current page offers variant-linked rental/installation incentives and no Soundbox charge in a qualifying throughput month rather than one universal free-device promise. |
|---|
| Gateway / links | A mobile-optimised payment gateway is explicitly offered for online acceptance; wholesale electronic collections also describe gateway/POS solutions with competitive commercials. | SMS-link payment is explicitly supported. A universal full payment-gateway entitlement is not inferred from this current-account merchant page. |
|---|
| Settlement | No single public merchant-acquiring settlement clock is published across POS, UPI and gateway in the reviewed pages. Virtual-account electronic collections are separately described as instant credit for use and must not be reused as the POS settlement SLA. | The reviewed current merchant-account page does not state one universal POS/UPI settlement timetable, so settlement remains acquiring-plan/rail specific rather than guessed. |
|---|
| MDR / rental | The electronic-collections page says no setup fee or annual fee for the reviewed Payment Gateway/POS solution context; transaction/MDR/device and other commercial terms remain merchant-specific unless separately published. | Published account-side throughput incentives are preserved: Merchant Easy/Prime/Elite monthly throughput requirements are ₹50,000/₹1,00,000/₹2,00,000 against AMBs of ₹25,000/₹50,000/₹1,00,000. Device/MDR pricing remains variant/merchant specific. |
|---|
| Refunds / chargebacks | Fraud protection is highlighted and merchant terms govern disputes/chargebacks, but no single universal public refund SLA is inferred for all rails. | No universal current public refund/chargeback SLA is inferred from the Merchant Current Account page; applicable acquiring and card/UPI dispute rules control. |
|---|
| Reconciliation | Every transaction can be recorded/viewed; virtual accounts embed payer information, provide day-end MIS and support ERP integration for reconciliation. | Merchant collection modes and the bank's merchant solution/app ecosystem support transaction management; exact report/export capability remains product/app specific unless directly published. |
|---|