Add funds to your org's Empuls wallet for redemptions.
What is the additional charge i.e Stripe processing fees to be paid for the wallet recharge?
Empuls uses Stripe as a payment gateway for the Wallet Recharge Transactions. Stripe charges up to 2% (in India) and up to 6.3%(Outside India) as fees for processing the payments. Empuls sells the brand vouchers at their procured price. The lack of margins and the high volume of funds added to the wallet makes it difficult for Empuls to fund the Stripe fees.
We are working on alternatives that can reduce the burden and eventually make it financially viable for Empuls to absorb this cost. These alternatives include setting up local business entities and payment mechanisms to avoid currency conversion fees, adding new payment gateway solutions that charge lower fees, etc.
What currencies can be chosen for point conversion?
Empuls supports 37 currencies that can be used as the base currency for your redemption wallet.