PayU India's PayUPaisa which allows businesses to set up online stores and storefronts on PayUPaisa.com, has waived off its transaction discount charges (TDR) for both new and existing merchants until September 30, 2013. PayUPaisa was previously levying a 3.2% transaction charge along with Rs 3 per transaction from merchants.The company also noted that all existing merchants have been automatically upgraded to this free plan until the specific period. Naspers operated payment gateway PayU India had launched PayUPaisa in April 2013. Through this service, the company claims to offer free hosted web stores and free store fronts with services like email invoicing, easy website integration and free payment gateway among others. PayUPaisa also offers online documentation process which allows sellers to fill in a merchant application form with requisite business details like business name, email, phone number, PAN Card details, bank account details and submit for approval. PayU India…
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