There are over 15 million freelancers in India, 80% of whom have between 1-3 jobs. There are additionally 1.02 million SMBs in India, that transact business online. A dipstick analysis reveals that up-to a third of these businesses have independent business verticals/product lines that they would like to track separately.
Currently, a user (merchant) with multiple independent businesses/websites/product lines accepting payments through Razorpay is required to create and manage multiple Razorpay merchant accounts.
The proposed feature seeks to improve user experience for users with multiple businesses/websites/product lines by allowing for the addition of up-to 5 sub-accounts to a single merchant account, and also solve the problem of having a single tag and legal entity, unique public business information and easier reporting and reconciliation of payments across multiple accounts.