About the Author: Nikesh Arya
I am a verified BC Point Operator running a physical counter in Chamba, Himachal Pradesh since 2023. What you’re reading isn’t laptop-blogger theory—it’s what I’ve learned the hard way handling real rural customers and facing live portal downtimes.
🤖 Quick Summary — For Fast Readers
- SpiceMoney: Free Plan A caps at ₹10 for withdrawals above ₹8000. Plan B has a weird spike of ₹10 only at the ₹3000 slab.
- PayNearby: Free plan matches the ₹10 cap. But their paid ₹699 “Super IB” plan pays ₹15 for high transactions—the best absolute payout in the market.
- Fino Bank: Pays an effective ₹13.50, but only on the ₹3000–3999 slab (Option 2). It drops to ₹9.50 for larger amounts.
⚡ Quick Decision Guide (As of June 2026)
Every distributor uses confusing marketing names to sell their IDs—Plan A, Option 2, Income Booster. Let’s cut through the noise. I’ve pulled these exact numbers directly from their official June 2026 merchant trade schedules so you can see the real math.
What I’ve learned the hard way after seeing hundreds of new agents fail is that choosing the right AEPS ID isn’t just about finding the highest number on a PDF. In practice, it’s about settlement speed, server uptime, and how fast you can clear a line of impatient customers.
Transparency Note: I earn my living operating my shop. I do earn referral commissions from some platforms, but I have no financial tie to push a single provider. The data is what it is.
SpiceMoney AEPS Commission Chart (Valid as of June 2026)
In my counter, SpiceMoney has been my daily driver for a long time. They assign agents to one of three commission plans. All three are free to activate. The catch is that the plans pay differently depending on what your local village ticket size is.
| Withdrawal Amount | Commission |
|---|---|
| ₹200 – ₹499 | ₹0.50 |
| ₹500 – ₹999 | ₹0.50 |
| ₹1000 – ₹1499 | ₹1 |
| ₹1500 – ₹1999 | ₹3 |
| ₹2000 – ₹2499 | ₹4 |
| ₹2500 – ₹2999 | ₹5 |
| ₹3000 – ₹3499 | ₹7 |
| ₹3500 – ₹7999 | ₹7 |
| ₹8000 & above Max | ₹10 |
Best For: Counters handling large rural ATM withdrawals. Plan A is straightforward and peaks at ₹10 for high values.
| Withdrawal Amount | Commission |
|---|---|
| ₹200 – ₹499 | ₹0.50 |
| ₹1000 – ₹1499 | ₹1 |
| ₹1500 – ₹1999 | ₹2 |
| ₹2000 – ₹2499 | ₹3 |
| ₹2500 – ₹2999 | ₹3 |
| ₹3000 – ₹3499 Spike | ₹10 |
| ₹3500 – ₹7999 | ₹5 |
| ₹8000 & above | ₹5 |
Best For: Very specific customer bases. Plan B has an artificial spike at ₹3000 (₹10), then instantly drops to ₹5. Avoid it unless your average customer withdraws exactly 3k.
| Withdrawal Amount | Commission |
|---|---|
| ₹500 – ₹999 | ₹1 |
| ₹1000 – ₹1499 | ₹2 |
| ₹1500 – ₹1999 | ₹3 |
| ₹2000 – ₹2499 | ₹4 |
| ₹2500 – ₹2999 | ₹5 |
| ₹3000 – ₹3499 | ₹7 |
| ₹8000 & above Max | ₹8 |
Best For: Micro-transactions. If your shop is near a daily wage labor hub where people pull out ₹500 at a time, this pays slightly better at the bottom.
PayNearby AEPS Commission Chart (Valid as of June 2026)
I’ve personally tested these plans on my counter to see the math in action. What I’ve learned is that PayNearby’s paid plans absolutely make sense—but only if your counter volume justifies it. Don’t make the mistake of buying the ₹699 plan on day one.
| Withdrawal Amount | Regular (Free) | IB Plus (₹299) | Super IB (₹699) |
|---|---|---|---|
| ₹500 – ₹999 | ₹0.50 | ₹1 | ₹0.50 |
| ₹1000 – ₹1499 | ₹1 | ₹2 | ₹1 |
| ₹1500 – ₹1999 | ₹3 | ₹2 | ₹3 |
| ₹2000 – ₹2499 | ₹4 | ₹5 | ₹4 |
| ₹2500 – ₹2999 | ₹5 | ₹5 | ₹5 |
| ₹3000 – ₹4999 | ₹7 | ₹10 | ₹13 |
| ₹5000 – ₹7999 | ₹7 | ₹11 | ₹13 |
| ₹8000 – ₹10000 | ₹10 | ₹11–₹12 | ₹15 |
When to buy the ₹699 Plan: Look at the ₹3000–4999 slab. The paid plan gives you ₹13 versus the free plan’s ₹7. Your break-even point is roughly 117 transactions at that slab. If your shop processes 50+ high-value transactions monthly, this upgrade pays for itself quickly.
Fino Bank AEPS Commission Chart (Valid as of June 2026)
Fino is a scheduled payments bank, not just a fintech aggregator. In practice, this usually means more stable servers. However, their commission structure requires extra work: you only get the highest payout if you generate a Mini Statement first.
| Withdrawal Slab | Eff. Payout (Opt 1) | Eff. Payout (Opt 2) |
|---|---|---|
| ₹1000 – ₹1499 | ₹4.50 | ₹4.50 |
| ₹1500 – ₹1999 | ₹5.50 | ₹5.50 |
| ₹2000 – ₹2499 | ₹6.50 | ₹6.50 |
| ₹2500 – ₹2999 | ₹7.50 | ₹7.50 |
| ₹3000 – ₹3999 Max Opt.2 | ₹9.50 | ₹13.50 |
| ₹4000 – ₹7999 | ₹9.50 | ₹9.50 |
| ₹8000 – ₹10000 Max Opt.1 | ₹12.50 | ₹9.50 |
In my experience with rural customers, many just want to pull out exactly ₹3,000 to cover weekly expenses. For this specific amount, Fino’s Option 2 (₹13.50) mathematically beats the free plans of PayNearby and SpiceMoney. Your results may vary if your local average ticket size is different.
The Straight Comparison: Side-by-Side Reality Check
Gross commission is only half the battle. Here is how they stack up when you account for actual counter friction (as of June 2026).
| Operational Metric | SpiceMoney | PayNearby | Fino Bank |
|---|---|---|---|
| My Recommendation For… | New/Beginner Counters | High Volume Pro Shops | Mid-Ticket (₹3k) Shops |
| Max Free Payout | ₹10.00 ₹8k+, Plan A | ₹10.00 ₹8k+, Regular | ₹13.50 ₹3k–4k only |
| Max Paid Payout | N/A | ₹15.00 ₹699 Super IB | N/A |
| Entry Capital Required | Zero | Zero (Base ID) | Varies locally |
| Software UI Friction | Aggressive Banners | Clean | Standard |
I have been actively using SpiceMoney as one of my primary AEPS partners for several years now while running my physical BC point in Chamba, Himachal Pradesh.
What I like about them:- Fast & Reliable: Their service delivery and transaction success rate is consistently fast. When NPCI is working normally, transactions go through smoothly.
- Dependable Settlement: I have rarely faced major issues with Move-to-Bank credits getting stuck or delayed.
- Fast Updates: Whether it was shifting from L0 to L1 devices or moving towards iris scanners, the platform adapts quickly.
- Adhikari Academy: It’s genuinely useful. You get proper training modules that actually help new agents understand the practical side of the business.
- Endless App Banners: The Android app is full of promotional top-up banners. Every single time you open the app—even 10-15 times a day during peak hours—you have to close multiple banners. This becomes extremely frustrating when you have customers waiting in line.
- Forced re-KYC: If you don’t use the app for a few weeks, they force you to do a face-scan re-KYC. It’s manageable but highly annoying during a rush.
I have not used PayNearby or Fino as my main IDs for long periods, so I cannot speak about their long-term reliability with the same confidence. I have personally tested them occasionally, but SpiceMoney remains my daily driver.
It’s not perfect, but for someone who wants a stable, zero-upfront-cost platform with decent support and fast updates, it has worked well for me.
Disclaimer: This experience is based on my personal operations as a BC agent. Your results may vary depending on your location, customer volume, and local distributor support.
The Zero-Risk Entry. If you are launching a brand new shop, just get SpiceMoney Plan A. It costs zero rupees, the engine is tested, and settlement works. Just train yourself to quickly close the annoying login banners. Don’t overcomplicate it.
The High-Volume Pro Setup. Start on their free tier. The moment your counter crosses 50+ monthly transactions above ₹3,000, buy the ₹699 Super IB plan. Capturing ₹15 on an ₹8,000 withdrawal alters your margin too drastically to ignore. Don’t make the mistake of paying for this upgrade on day one if you only have a few customers.
Don’t just look at gross commission. Settlement charges (IMPS) and server downtime eat your real profits.
Run your live daily volumes through my custom calculator to see your true take-home pay.
Launch AEPS Net Profit CalculatorFrequently Asked Questions
Which AEPS company offers the highest commission as of 2026?
PayNearby’s Super Income Booster (₹699 subscription) delivers the absolute peak at ₹15 per transaction for withdrawals over ₹8,000. On free tiers, SpiceMoney and PayNearby tie at ₹10.
How does the Fino Bank AEPS bonus work?
Fino pays a base commission but adds ₹1.50 if you successfully execute a Mini Statement check before the withdrawal. In my experience, you must do this step to hit the advertised ₹13.50 peak.
Is it legally permissible to hold active IDs from multiple companies?
Yes. RBI and NPCI do not restrict retail merchants from partnering with multiple BCs. Maintaining two IDs is highly recommended to protect your shop against sudden server downtimes.
Transparency & Regulatory Disclaimer: FiiPay Finance is an independent advisory portal. I am a BC operator, not an official corporate subsidiary of SpiceMoney, PayNearby, or Fino Payments Bank. I may earn referral commissions if you sign up through certain links, but my counter reviews are strictly based on physical usage. Trade commercials, payout slabs, and Move-to-Bank IMPS tariffs are subject to modification by the respective banks without notice. Always verify current trade schedules directly inside your active agent app before upgrading. Data verified as of June 2026.
