Paytm is an Indian e-commerce website headquartered in Noida, India. It was launched in 2010 and adds to the industry of FinTech in India. It is owned by One97 Communications.
Vijay Shekhar Sharma is an Indian entrepreneur and founder of Paytm
What is Paytm?
Paytm means Pay Through Mobile. It is a website where you can do data card recharges, bus tickets booking, online mobile recharges, bill payments, DTH recharges etc
In short, Paytm is the typical local market place where you can find everything and if they continue with current trend then you can literally find everything.
Paytm is also approved as an operating unit for Bharat Bill Payment System, as a result of which users can pay their bills anytime and anywhere.
Download Paytm App from App Store available for IOS, Android & Windows.
How does Paytm work?
The primary revenue source is commissions from Telcos which ranges from 2%(for large & Established operators) to as high as 5% (for new & small operators).
Since the large operators contribute to the bulk of the transaction volume, the average commission earned per transaction would typically be in the 2.5-3% range.
How to use Paytm and its Wallet?
How to create an account in Paytm?
Step 1: Visit paytm.com and click on the top-right side “Log in/ Sign up” button.
Step 2: A pop-up box will appear after clicking on Log in/ Sign up” button just click on the “Sign up for Paytm Wallet” option.
Step 3: You need to enter your mobile number, email id and desired password and click on Continue.
Step 4: Paytm will send a Conformation code to your mobile number, enter that to confirm your mobile number and after that you should also verify your email id.
For Verifying your email id on Paytm you have to check your account page, and there you will see the option for verifying your email id.
After all that mobile and email id verification, don’t forget to complete your full profile like name and other details.
How to add money into Paytm wallet?
On Paytm.com: You can add money to your Paytm wallet in a few simple steps
Step 1: Log into your Paytm account and click on “Paytm Wallet” icon towards the top right of the page
Step 2: Enter the amount you want to add and click on “Add Money”
Step 3: You can choose to add money via Debit/ Credit card, Net Banking, IMPS or ATM card
Step 4: You will be redirected to a secure payment page where you need to provide payment details
Step 5: If you have any saved credit or debit card, it will be shown upfront and you only need to enter the CVV number and proceed to the bank page. If you do not have any saved credit or debit card, you can choose to save a card for faster payment next time.
Step 6: Once you enter details on your bank’s page & complete the transaction, you will be redirected to Paytm with money added in your Paytm wallet
Almost all steps remain same in adding money to wallet on Paytm app.
How to use Paytm App?
On Paytm App Download Paytm App from App Store available for IOS, Android & Windows.
Step 1: You can add money to your Paytm Wallet by selecting the Add Money tab on homepage.
Step 2: You can choose to add money via Credit/Debit card, Net Banking, IMPS or ATM card.
Step 3: Enter the amount you want to add and tap on “Add Money”.
Step 4: You will be redirected to a secure payment page where you need to provide payment details.
Step 5: If you have any saved credit or debit card, it will be shown upfront and you just need to enter CVV and proceed to bank page. If you do not have any saved card you can choose to save a credit or debit card for faster payment next time.
Step 6: Once you enter details on your bank’s page & complete the transaction, you will be redirected to Paytm with money added in your Paytm wallet.
How to Send Paytm money to bank account ?
This feature is not available on Paytm.com, kindly download Paytm App to use this feature.
Download Paytm App from App Store available for IOS, Android & Windows.
On Paytm App:
To send money to a bank using Paytm you need to follow these steps:
Step 1: Open the Paytm App.
Step 2: Tap the Pay or Send icon.
Step 3: Tap the Send to Bank option.
Step 4: Enter the Name you want to give to this beneficiary.
Step 5: Enter the account number.
Step 6: Enter the IFSC code of the branch. You can get the IFSC code by tapping the Get IFSC and selecting your bank and branch.
Step 7: Enter the amount you want to send. Minimum amount should be Rs 500.
Step 8: You can also enter the reason for sending money, however this is optional.
Step 9: Tap Send.
Step 10: Your money will be successfully transferred to the bank account.
For example: if you are transferring Rs 1000 to bank account.
You will be charged 4% = 1000*4/100 = Rs 40 (practically it is 41.67 ) as service fees.
You will be charged total Rs 1041.67 from Paytm wallet and will get Rs 1000 in your bank account.
4% charges matters for us that deducts for just sending money from Paytm to bank account.
How to Use PayTM to Recharge Mobile/DTH/Datacard Online
Step 1: Visit Paytm.com and login to your PayTM account and then select which device you want to recharge. If you want to pay for your Data card then you can click on the data card tab.
Step 2: Fill out details like Data card number, operator, and amount of the data card which you want to recharge.
Step 3: Click on the Recharge button and complete the payment using any available payment options like the Credit card, debit card, net banking or any other.
Step 4: Now after successful payment your recharge will be done, enjoy you have just completed your first online recharge using PayTM.
You can use Paytm for below listed transaction
Recharge mobile phones
Data cards Recharge
Dth Recharge
Electricity bill payment
Landline/broadband bill payment
Gas bill payment
Postpaid mobile bill payment
Book bus tickets
Online shopping from 5000+ products
How to make payment by scanning Paytm code (QR code) to merchants?
Now, you can go to a retail store, petrol pump, parking or take auto/taxi ride (where Paytm is accepted), make a transaction & pay via Paytm by scanning QR code.
For example: Suppose, if you visit a retail store and want to pay for your goods then owner will ask you whether you want to pay by Paytm or Cash.
Step 1: Open the Paytm app and click on “Pay or Send” button.
Step 2: Click on QR code icon and Scan the QR code of retail store.
Step 3: Enter the amount you need to pay for the goods.
Step 4: Click on Pay.
Step 5: You will receive payment confirmation along with completed time, merchant order number and transaction id
Step 6: Press OK.
How To Use Paytm Promo Code or Coupons
Step 1: Click on wallet (wallet icon)
Step 2: Enter amount which you want to add
Step 3: Click “Add to wallet” option
Step 4: Apply promo code if you have any in promotional/voucher field
Step 5: If you have not promo code then leave field blank and click on “Proceed to pay Rs.”
How to Recharge Your Mobile using Paytm Toll-Free Number
Call 1800-1800-1234 from your mobile to recharge without internet connection.
Step 1: Make sure you have added money to your Paytm Cash (wallet).
Step 2: Enable recharge through SMS / Toll free number on the profile page in My Account.
After the above steps, all you need to do is type
Paytm <space> <amount> and send SMS to 988-000-1234.
Paytm have another option for you if you are not an SMS person.
Dial Toll free number 1800-1800-1234 from your registered mobile number and follow the instructions to recharge your phone.
Download Paytm App from App Store available for IOS, Android & Windows.