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Leegality Payment Collect - Collect payments within the eSigning flow
When a bank sends a loan agreement for signing, they usually procure and attach stamps as required. The customer signs this agreement.
Once the signing is done, the bank collects the stamp duty from the customer and recovers its expense - through a separate payment application or process.
Even though the document is already signed, the bank has to wait for the customer to complete the payment process before they can proceed with the loan.
Additionally, if the customer decides to drop off - or decline the loan after the stamping is done - the stamp duty and other costs would have to be shouldered by the bank.
This is an unnecessary friction and risk - leading to cost and operational inefficiency for the bank.
That’s why we built Leegality Payment Collect - so you can start collecting payments within your eSigning flow. The payment is made directly to your bank account through BillDesk or Razorpay - with NO ADDITIONAL TECH EFFORT.
With Leegality Payment Collect, you can now collect processing fees such as stamp duty, merchant/vendor onboarding fees, service fees, and more from signers, while they eSign your document.
How Leegality Payment Collect works
From the Account Tab on your Leegality Dashboard, pick the payment gateway you want to integrate with.
Currently, you can choose between BillDesk and Razorpay.
Link your payment gateway account with Leegality by providing your details.
Enable Payment Collect. You will now be able to collect payments within your eSigning flow.
From the Account Tab on your Leegality Dashboard, pick the payment gateway you want to integrate with.
Currently, you can choose between BillDesk and Razorpay.
Link your payment gateway account with Leegality by providing your details.
Enable Payment Collect. You will now be able to collect payments within your eSigning flow.
While sending a document, the sender - such as your RM - can enable Payment Collect for the signer.
They can choose the account to which your signer will make the payment.
They can then enter the amount - stamp duty or processing fee - that the signer needs to pay.
They can also set additional constraints and add a custom message - explaining the nature of the fee, for instance.
While sending a document, the sender - such as your RM - can enable Payment Collect for the signer.
They can choose the account to which your signer will make the payment.
They can then enter the amount - stamp duty or processing fee - that the signer needs to pay.
They can also set additional constraints and add a custom message - explaining the nature of the fee, for instance.
Once the signer has previewed the document, they will enter the Complete Payment page.
They can ‘Make Payment’ via credit/debit cards, UPI, internet banking, or scanning a QR code.
Once the payment is done, they can continue signing the document.
The Audit Trail will reflect the amount collected in this step. You can use this as a payment receipt and as a record of signer actions.
Once the signer has previewed the document, they will enter the Complete Payment page.
They can ‘Make Payment’ via credit/debit cards, UPI, internet banking, or scanning a QR code.
Once the payment is done, they can continue signing the document.
The Audit Trail will reflect the amount collected in this step. You can use this as a payment receipt and as a record of signer actions.
Here is a quick peek into the actual product.
From the Account Tab on your Leegality Dashboard, pick the payment gateway you want to integrate with.
Currently, you can choose between BillDesk and Razorpay.
Link your payment gateway account with Leegality by providing your details.
Enable Payment Collect. You will now be able to collect payments within your eSigning flow.
While sending a document, the sender - such as your RM - can enable Payment Collect for the signer.
They can choose the account to which your signer will make the payment.
They can then enter the amount - stamp duty or processing fee - that the signer needs to pay.
They can also set additional constraints and add a custom message - explaining the nature of the fee, for instance.
Once the signer has previewed the document, they will enter the Complete Payment page.
They can ‘Make Payment’ via credit/debit cards, UPI, internet banking, or scanning a QR code.
Once the payment is done, they can continue signing the document.
The Audit Trail will reflect the amount collected in this step. You can use this as a payment receipt and as a record of signer actions.
Benefits of Leegality Payment Collect
- Start collecting payments within your eSigning flow directly in your bank account from Day 1
- No need for any tech support - add the bank’s existing BillDesk or Razorpay account directly from the Account Tab
- Eliminate tool-switching to collect payments from signers to save your team’s time.
- Avoid customer frustration by auto-refunding the amount in case of eSign failure.
- Let customers pay using multiple methods - Card, Internet Banking, QR code
Benefits of Leegality Payment Collect
- Start collecting payments within your eSigning flow directly in your bank account from Day 1
- No need for any tech support - add the bank’s existing BillDesk or Razorpay account directly from the Account Tab
- Eliminate tool-switching to collect payments from signers to save your team’s time.
- Avoid customer frustration by auto-refunding the amount in case of eSign failure.
- Let customers pay using multiple methods - Card, Internet Banking, QR code
Benefits of Leegality Payment Collect
- Start collecting payments within your eSigning flow directly in your bank account from Day 1
- No need for any tech support - add the bank’s existing BillDesk or Razorpay account directly from the Account Tab
- Eliminate tool-switching to collect payments from signers to save your team’s time.
- Avoid customer frustration by auto-refunding the amount in case of eSign failure.
- Let customers pay using multiple methods - Card, Internet Banking, QR code
How to get started with Leegality Payment Collect
Request a personalized demo here, or write to us at enquiry@leegality.com to get started.