Likelihood to Recommend The portal is easy to understand. Anyone can use this payment gateway on their website or app. Small businesses also can use this gateway to accept payments from their customers. Payment notifications are instant and received fund gets settled in bank account without any delay. Provides less payment gateway charges for debit, credit, and prepaid cards where with UPI and rupay payment gateway charges are zero. It has a unique dashboard to monitor transaction details. Available in both web and mobile application.
Read full review I had a customer who wanted me to do his wife's birthday party. I sent him the estimate and he gave me a deposit from his Venmo account. When the party was done, he forgot to pay for a week. I reminded him with an invoice and he sent a deposit. It wasn't immediately deposited, but it [arrived the next day].
Read full review Pros You can use Paytm to purchase from a selection of common items to luxurious items. Tickets - Can be used to book tickets ranging from movie/concerts to flights/trains. Bills - You can use Paytm to pay bills for your house/electricity/DTH. Gifts - You can send gifts to your loved ones using Paytm. UPI Transfer - Directly transfer money to another customer's bank account by UPI transfers. Metro - Metro cards can be recharged from the app itself helping you beat the queue at metro stations. Read full review QR codes for quick payment A secure account for customers Venmo integrates with QuickBooks Read full review Cons One of the not so convenient things on Paytm is that if there is a connection failure while making a payment, your money is not credited directly to your bank account but rather to the Paytm Wallet, and this money can only be used by the Paytm platform. In Paytm, user verification requires a personal visit to their physical offices, this can generate a lot of discomfort among potential users since if we want to use a virtual service it is precisely to encourage time saving. You should be very careful when making purchases through Paytm's direct store, since in many occasions there are products of lower quality than the one offered and even fake products, it is better to use it to make payments to third parties and in considered amounts. Read full review Take out transaction fee. They are not PayPal More understanding with bitcoin Invoicing would be a good feature Read full review Alternatives Considered I use Paytm just for the ticket booking system. For most of my daily transactions,
Google Pay is the way.
Google Pay has provided things very simple and faster. They always focus on a user-friendly env rather than adding everything to the app. They kept the app more simple and more useful.
Read full review PayPal has more work items for businesses. It has invoicing, time tracking, and marketing strategies. I could [use] PayPal to run my business like I do with QuickBooks. Affiliates with other business is crazy. Plus, they also carry debit and credit cards for business and personal purposes. Venmo is the little brother [of PayPal].
Read full review Return on Investment It decreased checkout time for the user which allowed us to increase user experience. Rarely, I used to face issues with transactions. If order got cancelled refunding of money, settling them etc., Since Paytm has link with UPI and I am able to collect money from any UPI applications, using credit or debit card, and internet banking it acted as single stop solution for me. There is no need to have multiple payment gateway options. Read full review Give customers reassurance Secure money account More marketing strategies Read full review ScreenShots