SMEPay Reviews & Ratings

4.6/5

“Smooth Payment Experience for My Small Business”

I’ve been using SMEPay for a few months, and it has simplified how we handle business payments. I no longer have to switch between multiple banking platforms. The reconciliation and bulk transfer options save hours every week.

Pros : SMEPay makes vendor and salary payments simple. The interface is clean, and transactions are processed quickly.

Cons : The mobile app still lacks some features available on the web version.

Switched from : Razorpay

Reason to switch : SMEPay offered a more SME-focused platform with lower transaction fees and better cash flow insights compared to RazorpayX.

4.6/5

“Reliable and Easy to Integrate with Accounting Tools”

As an SME owner, I appreciate how SMEPay connects with my accounting software. It reduced manual data entry errors and helped my finance team close books faster each month.

Pros : Integration with Tally and Zoho Books is seamless. Payment records sync automatically.

Cons : Support takes a bit of time to respond during weekends.

Switched from : Cashfree

Reason to switch : SMEPay’s direct accounting integrations made reconciliation much easier than Cashfree’s limited API setup.

4.6/5

“A Solid Solution for Salary Disbursements”

We process salaries for 40+ employees every month using SMEPay. It’s fast, accurate, and far easier than logging into traditional net banking portals.

Pros : Payroll transfers are instant, and salary slips are generated automatically.

Cons : Limited customization for salary breakdown templates.

Switched from : InstaBiz

Reason to switch : SMEPay offered bulk salary uploads and auto-scheduling, which saved our HR team a lot of time.

4.5/5

“Streamlined Payments with UPI and Bulk Uploads”

SMEPay simplified how we pay our vendors and employees. I can upload bulk files and schedule them for specific days. UPI payments make it lightning-fast.

Pros : Uploading payment files in bulk via Excel is super easy. UPI transfers happen instantly.

Cons : Would be nice if it supported recurring UPI mandates.

Switched from : Cashfree

Reason to switch : SMEPay’s bulk upload and instant UPI settlement features were far more convenient than Cashfree’s batch system.

4.5/5

“Makes Reconciliation So Much Easier”

As a finance manager, I can say SMEPay has drastically reduced end-of-month chaos. The software automatically matches UPI receipts and vendor payments.

Pros : Automated reconciliation means no more manual matching of payments.

Cons : Occasional mismatch errors when invoices aren’t tagged properly.

Switched from : Zoho Payments

Reason to switch : SMEPay’s automated reconciliation is more accurate and better suited for multi-bank environments.

4.5/5

“Perfect Tool for Vendor Management”

Paying multiple vendors used to be chaotic. With SMEPay, I can handle everything in one place — schedule payments, verify UPI IDs, and track settlements. It’s been a huge productivity boost.

Pros : Bulk vendor payments work flawlessly, and GST invoices get auto-attached.

Cons : Would love to see more export options for reports.

Switched from : Smart Hub

Reason to switch : SMEPay’s vendor management and GST auto-tagging are far more convenient and affordable.

4.5/5

“Excellent Cash Flow Insights and Analytics”

SMEPay helps me understand my business’s cash movement at a glance. I can easily forecast expenses and track upcoming payables.

Pros : The financial analytics feature gives clear visibility on inflow and outflow.

Cons : Reports could include more visual graphs.

Switched from : Razorpay

Reason to switch : SMEPay provided deeper cash flow visualization without requiring a separate analytics tool.

4.5/5

“Affordable Business Banking for Startups”

I was pleasantly surprised by how cost-effective SMEPay is. For a small business like mine, every rupee matters. Their transparent pricing is a huge plus.

Pros : No hidden fees, low transaction charges, and quick support response.

Cons : Limited international payment options.

Reason to switch : SMEPay had lower fees and more flexible UPI-based settlement options than Open.

4.3/5

“Great Dashboard and Real-Time Payment Alerts”

I love how SMEPay gives me a clear picture of my business’s financial health. The real-time alerts ensure I never miss a transaction or payment confirmation.

Pros : The dashboard provides a full overview of daily expenses, balances, and payment statuses.

Cons : Sometimes notifications are delayed by a few minutes.

Switched from : Open Money

Reason to switch : SMEPay’s dashboard is more intuitive, and its transaction tracking feels smoother than Open Money’s platform.

4.3/5

“Simple Yet Powerful Banking for SMEs”

I started using SMEPay for my startup’s payments, and it’s been a stress-free experience. The interface is clean, and payments are quick. I also love the spending analytics.

Pros : The platform is beginner-friendly and doesn’t require technical knowledge.

Cons : Onboarding verification took slightly longer than expected.

Switched from : Payoneer

Reason to switch : SMEPay supports local UPI and domestic transfers better, with faster settlements than Payoneer.