For P2B payments Paytm have a platform called Paytm For Business. Paytm is currently Biggest Player in mobile payment space, they have quite a big user base, PaytmM is founded in 2010 by Vijay Shekhar Sharma, Full form of Paytm is “Pay Through Mobile” Paytm offers almost all recharge & bill payment services on their platform along with bill payments they offer ticketing service for Movies, Bus, Train, Flight and list goes on. they also have an eCommerce platform known as PaytmMall, An investment platform Paytm Money and Virtual banking services called as Paytm Payment Bank, and of course Paytm is the dominant player is mobile payment industry they have larrgest transaction records of P2P payments and P2B payments. so, getting to the point let’s talk about Paytm For Business or Paytm for Merchants
What is Paytm For Business?
Paytm For Business is one of the platforms of paytm specially designed for Merchants and Businesses, As of 2019 Payment have user base of More than 350 million users and Paytm for Business allow merchants to accept direct payments from that 350 million users
Merchants can signup on a Paytm for the business platform and avail all of its services listed below
Paytm Payment Gateway
Paytm Payment Gateway allows merchants & businesses to accept payments to their mobile app or website with Paytm SDKs and APIs
Paytm QR Code
Paytm QR code allows Small merchant and business owner to Accept mobile payments via UPI, Cards, and Wallet from customers in their store
Paytm Payment Links
Using paytm payment links merchant and businesses can request payment from users/customers on their mobile using Chat, SMS or Email
Features of Paytm For Business
Instant account activation: small merchants and shop owner does not require any documents and they can instantly start accepting payments into their bank account up to ₹20,000 per month without any processing fee or charges, however for other businesses and service providers verification of their business is required and paytm charge small amount of processing fee
Fast bank settlements: Paytm for business offers faster bank settlement as compared to other payment gateways, they offer next day bank settlement and even 3 times a day settlements too. so yes they are one of the faster payment processors
Better Insights & Analytics :
Powerful dashboard to view payments received, bank settlements and more
More Payment Methods: with paytm for merchants you can accept payments in almost all payment methods using UPI, Debit cards, Credit Cards, Net Banking, Paytm Wallet and EMI
How to accept payments using paytm?
To start accepting payments from paytm you need to go Paytm business site and signup there small merchant will get instant access without and document verification however other business and services required document verification
- Step 1: Just log on to https://business.paytm.com/retail & Click on Sign up for Free.
- Step 2: Enter your Name & PAN or Aadhar Number.
- Step 3: Fill in your Business & Bank details.
How to accept payment using QR code?
you can generate your QR code using payment app or you can download it from paytm for business site and you can request your customers to pay using QR code, the customer will scan your QR code with paytm app or any other UPI based app and completes payments, you will receive money in bank account next day
How to track Paytm payments?
Paytm Sends SMS for every payment received with a counter of payment, counter indicates how many payments you have received today
you can download paytm for the business app for better trackings of payments
On website business.paytm.com you can track and analyze your received payments with better insights