In today’s fast-paced world, where digital transactions are becoming the norm, the Aadhaar Enabled Payment System (AEPS) has emerged as a game-changer for easy and secure banking. AEPS allows you to perform basic banking transactions like cash withdrawals, balance inquiries, and money transfers using your Aadhaar number and biometric authentication, eliminating the need for traditional bank cards or passwords.
If you’re a retailer, a business correspondent, or anyone involved in providing financial services, having access to the best AEPS commission portals and apps is crucial. These platforms not only allow you to offer essential banking services to your customers but also help you earn commissions on each transaction. With so many options available, finding the right AEPS commission portal or app can be overwhelming.
In this blog, we’ll walk you through some of the best AEPS commission portals and apps out there. We’ll look at the ones that offer the highest commission rates, are easy to use, and ensure that all your transactions are secure. Whether you’re just starting out or looking to switch to a better platform, this guide will help you make an informed decision, making your financial service operations smoother and more profitable.
List of Best AEPS Commission Providers
- Biznext AEPS commission
When it comes to the highest market commission of AEPS transactions, Biznext is a top choice due to its highly competitive commission structure. Here’s a breakdown:
- Retailers: ₹13 for every cash withdrawal transaction which is 20% more than other platforms provide.
- Master Distributors (MDs): ₹15 for every cash withdrawal transaction.
This is significantly higher than other platforms provide, ensuring that both retailers and MDs can boost their earnings with each transaction. With Biznext, not only do you earn more, but you also benefit from a reliable and user-friendly platform. This means you can offer essential banking services like cash withdrawals, balance inquiries, and money transfers efficiently and securely. Whether you’re a retailer or a Master Distributor, Biznext ensures you get the best possible commission for your efforts, helping you grow your business and increase your profitability with every transaction.
- Paynearby AEPS Commission
After Biznext, another great option for earning commissions from AEPS transactions is Paynearby. Paynearby has a clear and straightforward commission structure that lets you earn based on the size of each transaction. Here’s how it works:
- For transactions between ₹1,000 and ₹1,499, you earn ₹2.10 for each transaction.
- For transactions between ₹1,500 and ₹1,999, you earn ₹3.00 for each transaction.
- For transactions between ₹2,000 and ₹2,499, you earn ₹5.00 for each transaction.
This means that the more money a customer withdraws, the more you earn. Paynearby’s tiered commission system ensures that you get a fair and increasing reward as the transaction amount grows. It’s a simple and effective way to boost your income while providing essential banking services to your customers.
- Spice Money AEPS Commission
Spice Money has a bit lower commission structure compared to some other platforms, it still provides a reliable and straightforward way to earn. Here’s how the commissions break down:
- For transactions between ₹1,000 and ₹1,500, you earn ₹1.00 per transaction.
- For transactions between ₹1,500 and ₹1,700, you earn ₹3.00 per transaction.
While the commission rates are lower, Spice Money remains a dependable choice for those looking to offer essential banking services such as cash withdrawals, balance inquiries, and money transfers. Despite the lower commissions, Spice Money ensures you can still grow your income while providing valuable financial services to your customers effectively.
- RapiPay AEPS Commission
Another option to consider for earning commissions from AEPS transactions is RapiPay. RapiPay provides a straightforward commission structure that allows you to earn from each transaction. Here’s the breakdown:
- For transactions between ₹500 and ₹1,000, you earn ₹1.00 per transaction.
- For transactions between ₹1,000 and ₹1,500, you earn ₹2.00 per transaction.
RapiPay offers a reliable and user-friendly platform for providing essential banking services like cash withdrawals, balance inquiries, and money transfers. With its clear commission structure, RapiPay ensures that you can steadily grow your income while delivering valuable financial services to your customers.
AEPS Commission chart of all companies
| Transaction Amount | Biznext | PaynearBy | Spice Money | Rapipay |
|---|---|---|---|---|
| 101 – 1499 | 0.2 | 0.25 | 0 | 0.25 |
| 3000 – 6999 | 9 | 8 | 10 | 5 |
| 7000 – 10,000 | 11.5 | 5 | 5 | 9 |
Also read – The Future of AePS in India’s Digital Economy
Conclusion
In today’s digital world, choosing the right platform for Aadhaar Enabled Payment System (AEPS) services is crucial for retailers and financial service providers. The AEPS system allows for seamless and secure transactions using just an Aadhaar number and biometric authentication, eliminating the need for traditional bank cards. This technology is especially beneficial for serving customers in remote or rural areas where conventional banking infrastructure might be lacking.
Biznext stands out in this competitive market by offering the highest commissions available. Retailers earn ₹13 per transaction, while master distributors earn ₹15 per transaction. This significant earning potential translates to more money in your pocket for every transaction you process, making it an attractive option for those looking to maximize their income. Beyond the high commissions, Biznext is designed to be user-friendly and reliable.
Its platform ensures that handling essential banking services such as cash withdrawals, balance inquiries, and money transfers is both efficient and secure. This combination of high commissions and ease of use makes Biznext a top choice for anyone involved in providing AEPS services.
Also read – How to Become Village Level Entrepreneur?
