Sell on EMI with a finance partner

A customer can pay part of a bill now and the rest on a loan from a finance company, like Bajaj Finserv or HDB. The finance company pays you later. EMI & finance shows what each one still owes. It is in the menu, under Money, for a shop set up as Mobiles & electronics, or one that also sells phones. Both are set in Settings, then Kind of shop & POS.

Add your finance partners

1. Click Settings in the menu, then Finance partners.
2. Type the finance company's name and click Add partner.

Each shop keeps its own list. Switch a partner off to stop offering it at the POS. Click Rename to change its name.

Sell on EMI at the POS

1. Add the customer to the bill first.
2. At Pay, tap More, then EMI (with a finance partner).
3. Select the Finance partner.
4. Enter the down payment the customer pays now, by cash, UPI or card.
5. Enter the Approval number from the partner's app, the Months and the Monthly amount.
6. Complete the bill.

EMI needs internet, so the POS can load your finance partners.

Record the partner's payment

1. Click EMI & finance under Money in the menu.
2. Choose Still owed, and click the bill.
3. Under The partner has paid, enter What arrived, the date On, and Their reference, the NEFT or UTR number.
4. Click Record and the amount received, like Record ₹24,000 received.

If they paid less than the loan, the difference is shown as their scheme fee.

Good to know

• Kept in fees shows what the EMI schemes cost the shop.
• Choose a partner at the top to see only their loans.
• EMI money is not in the drawer. The shift's close counts it as owed by finance partners.