Note: This article is relevant to merchants integrating with Zepto in Australia.
A Zepto Agreement is a mutually agreed arrangement between two parties, where one party agrees to pay the other either as a one-off or on a schedule, up to a specified maximum limit.
Under an Agreement, a Payee can send Payment Requests to a Payer that will be automatically approved and paid.
No action is required by the Payer as long as the requested amount is within the agreed-upon limits - both time and amount. The payment is automatically approved and paid.
When a Payee requests an amount that is greater than the agreed-upon limits, the Payer will need to approve the Payment Request before the payment takes place.
Benefits of Zepto Agreements
Agreements allow you to get paid more quickly and with less hassle whenever you need to request payment from someone either as a one-off or on a regular basis, even if the amounts will vary.
Instead of waiting for your invoice to be manually paid, send a Payment Request under an Agreement so that you will be paid as soon as possible, without any action needed from the Payer.
You'll no longer need to follow up on unpaid invoices because they will be automatically paid. Zepto will notify you when your Payment Request has been processed so you don't need to wonder when you will be paid.
If an Agreement is cancelled, both parties are notified via email straight away so that there are no surprises on either side.
Open Agreements allow you to set the terms of an agreement, then generate a reusable link that allows anyone to enter into an agreement under those terms with you. The link can be embedded anywhere, including an email, text message, invoice or website.
Open Agreements can be easily created by logging in to your Zepto account.
Read more about Open Agreements, here
If you're looking for an easy way to allow anyone to pay you, and you're not looking to integrate with our Developer API, this may be just what you're looking for.
Unassigned Agreements are similar to Open Agreements, allowing you to generate a shareable link allowing anyone to enter into a payment agreement with you. They offer additional benefits not available to Open Agreements such as Single-Use and Acceptance Expiry, and can only be created via the API.
If your developers are integrating your product or website with the Zepto API, Unassigned Agreements are the best and preferred Agreements option.
Read more about Unassigned Agreements, here.
Agreement Acceptance Notification
Once you have successfully created and shared your Agreement and it has been accepted by one of your users, Zepto is able to use multiple channels to notify you and your application. The following article outlines three methods you can use to be notified of an Accepted Agreement.
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