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Paytm has been widely implemented in organizations as a payment solution, allowing them to accept payments from customers instantly and …
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What is Paytm?
Paytm is a mobile payment processing app from Indian company One97 Communications.
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What is Paytm?
Paytm is a mobile payment processing app from Indian company One97 Communications.
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What is Paytm?
Paytm Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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Paytm has been widely implemented in organizations as a payment solution, allowing them to accept payments from customers instantly and with a higher success rate. Customers can use various payment methods like debit/credit cards, prepaid cards, UPI, net banking, and the Paytm wallet on the platform. This versatile application has proven to be highly useful for users, offering features such as recharge, ticket booking, money transfer, UPI integration, and integration as a payment gateway for software and applications.
One of the main use cases of Paytm is increasing sales for businesses by providing an easy payment solution for services and allowing customers to pay all types of bills on its platform. The payment gateway feature enables businesses to create QR codes for instant payment acceptance with notifications. Moreover, Paytm has helped organizations build a digital and cashless economy by easing payments to employees and offering easy account opening with Paytm bank accounts. It has also been used by non-profit organizations for receiving and tracking payments from customers for products and events.
The mobile wallet feature of Paytm is highly valued by users, as it allows them to make digital payments conveniently and securely. Many individuals use Paytm for personal accounts and payments such as UPI or bank transactions, train and bus ticket booking, and making online purchases. It is frequently used for day-to-day transactions, providing a convenient solution for making payments to small vendors who do not have point-of-sale machines.
Businesses also leverage Paytm's versatility as a payment gateway service in partnership with Razorpay pay. It offers multiple payment options such as UPI, credit card, debit card, and Paytm wallet services. E-commerce websites have integrated Paytm as a payment gateway due to its usefulness and the availability of useful documentation and video instructions for developers.
Overall, Paytm is trusted by users as a reliable option for quickly sending and receiving money securely with its 128-bit encryption SSL security. Whether it's organizing events, sending gift cards, settling informal lunches, or paying office expenses like electricity bills, Paytm proves to be a versatile and convenient platform for various financial transactions.
Diverse Payment Options: Users have found the payment options offered by Paytm to be diverse, with multiple options available for making payments. This has been mentioned positively by a significant number of reviewers, indicating that they appreciate the flexibility and convenience provided by Paytm.
Low Payment Charges: The low payment charges of Paytm have been appreciated by users, as it allows them to save money on transactions. Many reviewers have specifically mentioned this aspect in their feedback, suggesting that they value the cost-effectiveness of using Paytm for their payments.
Instant Settlement of Funds: Users are impressed by the instant settlement of funds to their bank accounts when using Paytm. Several reviewers have highlighted this feature, indicating that Paytm provides a fast and efficient payment system. This quick processing time has contributed to a positive experience for many users.
Customer Support Quality: Some users have mentioned that they are not satisfied with the customer support quality on Paytm. They have experienced delayed responses or sometimes no response at all, which has affected their overall experience.
Inconvenient Verification Process: The verification process on Paytm requires users to visit physical offices, which can be inconvenient for those who were seeking a virtual service to save time and effort.
Poor Product Quality on Paytm Mall: A number of users have reported receiving poor quality or even fake products from sellers on Paytm Mall. This has resulted in a negative customer support experience as users struggle to resolve issues related to these purchases.
Users recommend Paytm for its reliability and accessibility as an app for digital payments. It is highly recommended for small and medium businesses to easily receive payments. Paytm is also praised for its excellent success rates for UPI payments and its secure payment gateway. Many users also appreciate the cashback deals offered by Paytm.
Another common recommendation for Paytm is its user-friendly platform and easy direct bank settlements. Users appreciate the easy setup process and the fact that there are no charges for small and medium businesses. Paytm is considered a great application with a vast amount of features available, including easy download of transaction reports and adding users to the company.
Furthermore, users highly recommend Paytm for its secure and error-free transactions, as well as its wide availability and popularity. It is regarded as a trustworthy and reliable platform for both offline and online stores. Users also appreciate the simplicity, flexibility, and tight security features provided by Paytm.
Overall, Paytm is seen as a reliable, accessible, and user-friendly app that offers secure transactions, great success rates, and a wide range of features. It is highly recommended for businesses of all sizes, as well as individuals looking for a convenient and secure method of payment.
Reviews
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June 04, 2022
Payment friendly Paytm!
Paytm has helped us build a digital and cashless economy. It has helped organizations ease payments to employees. Things like opening a Paytm bank account have also become quite easy.
- Making bill payments
- Flight booking
- Credit card payment
- The icons are too conjusted
- The features need to be properly sorted
- The interface can be better
April 28, 2022
Paytm Honest review
Paytm is a great application/software and also a payment gateway to integrate with different applications. It has a lot of in-app stuff to work with, including recharge, rent, and mutual funds. You can tickets donat, transfer money, UPI integration, and add Paytm as a payment gateway to your software and applications. The documentation is simple and available and easy to use and integrate with any software. Different open rest APIs are available to consume for seamless integration.
- Payment gateway - APIs and integration
- Mutual funds.
- Bookings and recharge.
- Paytm Mall UI
- Paytm mall supply chain and delivery service.
- More documentation and wide support of programming languages to integrate.
April 18, 2022
Payment Solution
The primary use of Paytm in our company is as a payment gateway service. We partner with Razorpay pay to use the services of Paytm, which include UPI, credit card, debit card, and Paytm wallet service. Our Advantage Club wallet is also compatible with Paytm as Paytm is one of the most commonly used online wallets in India so it is kind of evident to partner with such a big player in the market.
- Smooth transaction
- Reward schemes
- UPI
- User Interface
- Easy compatibility
- Sometimes payment get stuck
- Requirement of high speed internet
- Loading time
April 14, 2022
Paytm in daily use.
I use Paytm for my personal things, like daily usage for UPI or bank transaction. Also for train, bus ticket booking. This is the biggest reason for staying so long Paytm that they have really good and user friendly UI for ticket booking.
- They have best ticket booking system.
- Payment store is really useful.
- UPI and bank transaction makes things easy.
- The biggest thing is UI. They should separate the section.
- Paytm provides so many features that really great, but the only problem is they have really messy things to show. They should sho minimum and dashboard with proper separation.
- They should improve and speed and click identification and routing of application.
April 01, 2022
Amazing Fintech Service App
Paytm is highly used among people to transfer currency online direct to their bank account. There are many features where Paytm is the leader in fintech technology. We have been using Paytm for a long time in our organization to transfer money directly to other people. Any event organized by the company is directly sent to their Paytm account and also used to send Gift Cards to other people on a special occasions.
- Money Transfer Bank to Bank Account
- Scan and Pay Money
- Online Bill Payment
- Online Booking
- User Interface needs to be improved and upgraded
- Faced money transfer issues sometimes and get delayed amount transfer details
- The Online Convenient fee for booking online is quite high as compared to other application.
March 24, 2022
Great tool for small business e-commerce
We are a non-profit org selling souvenirs and events. We found it difficult to receive and track payments from our customers. Now we use paytm to receive payment from customers for the products and events we sell.
- Helps send payment QR code to customers easily from mobile device
- Helps track payments and let's us process orders against payment
- Enables UPI payment better than other prividers
- Would like a billing feature that can help send bills to customers
- Feature to include a link to send payments
- Customer support is an area of improvement
March 24, 2022
Best Payment Gateway to use for E - Commerce businesses
I use Paytm for my transactions as well as the payment gateway for collecting payments from people. To be honest I haven't faced a lot of problems with Paytm. I have good experience in developing and working with this kind of technology. So, I haven't faced any issues. I would like to appreciate the User Interface design of Paytm.
I have used Paytm in an e-commerce website as a payment gateway I found it very useful but I faced some problems, I was able to solve them but I have got to do a lot of research. As a developer, I like documentation of Paytm it's very clear and with video instructions.
I have used Paytm in an e-commerce website as a payment gateway I found it very useful but I faced some problems, I was able to solve them but I have got to do a lot of research. As a developer, I like documentation of Paytm it's very clear and with video instructions.
- Payment Gateway
- Security
- Rewards
- International Payments.
- Auto Pay and repetitive payments
- Splitting money between group of people and sending them in one click.
March 23, 2022
Easy Payment Solution For SMEs
In our organization we have implemented Paytm as payment solution where it helped us to accept payments from our customers instantly with higher success rate. It allows both domestic and international payments in a single platform. Through this payment gateway customers get various types of payment methods like Debit/Credit card, Prepaid card, UPI, Net Banking, Wallet, etc. It increased our sales as customers got easy payment solution for our services. It helps to pay all types of bills on its platform. Through this payment gateway you can create business QR code to accept payments instantly with notification.
- It has multiple payment options
- Lowest payment charges
- Funds get settled to bank account instantly
- Higher payment success rate
- Need to add more wallets like amazonpay, Mobikwik, freecharge, etc.
- Customer support quality needs to improve
- Provides less offers
March 22, 2022
One of the top reimbursement and payment solutions.
We currently use Paytm in 2 ways - 1. Personal accounts and payments 2. Company rewards and reimbursements 1. Personal usage comprises of using Paytm to pay for road tolls, groceries, and for shopping 2. My company uses Paytm to disburse rewards and any reimbursements. Any reimbursements such as lunches, travel, work-related purchases are handled via Paytm. This is integrated with the company HR software for automated disbursement of amounts.
- Large number of places that accept paytm for payment.
- Seamless integration with most e commerce and shopping sites.
- Direct linkage with bank account for easy money transfer.
- Simple and easy to use interface in the mobile app.
- Paytm ecommerce / mall can have a wider range of products.
- Paytm travel bookings can be more seamless.
- Paying using QR code can have fewer steps.
March 21, 2022
Best app to make secure payments online
We use Paytm for transferring money online and making bill payments for electricity, water, food and other similar services. It is also used in our company to receive payments from the clients. It is a very secured and trustworthy app to make online payments or transferring money and all the financial transactions on Paytm are done with 128-bit encryption SSL security. It also provides a mobile wallet which is very useful. It is also helpful in booking travel tickets for flight, train, bus, cabs and hotels.
- Transferring money instantly.
- Making monthly bill payments for electricity, water, internet, etc.
- Booking flight, train, bus, cab, hotel tickets.
- Secured payments with 128-bit encryption.
- Poor customer support.
- Verification requires to visit physical offices.
- No option to access Paytm payments bank account online.
- Paytm Mall for online shopping provides poor quality or even fake products.
Paytm is used as a payment gateway and a reliable option to quickly receive and send money to other users. The transactions are extremely safe and there's usually no transaction fee. The app is very robust and has frequent updates every other week. It helps the organization take in quick payments and also for sending quick payments in India. It addresses the old school problem where you need complete receiver info like IBAN, etc. With Paytm all you need is a phone number and the money is quickly sent across.
- Very low transaction fee
- Paytm mall to shop quickly and easily
- Customer support
- Lengthy verification process
- Limitations within the wallet
- Application size is huge
June 17, 2021
Well suited for e-commerce product selling
Paytm is the best payment gateway in India, as it is providing the best customer support and zero transaction fees. The transaction is very safe with excellent uptime. If you are a startup and want a good payment gateway with a very little transaction fee, Paytm is the best choice for you. Paytm offers multiple payment options on both online as well as physical merchants through the digital wallet and QR-based mobile payment.
- Low transaction fees compared to competitors
- International transaction allowed at over 50 banks
- Payment through QR code and mobile wallet
- No telephonic support
- Higher transaction fee for credit card
I have been using Paytm for some time now because of the wide range of products and services that I can pay for quickly and easily, I just linked my bank accounts and since then I can pay phone, electricity, water or heating bills without having to expose my bank details as it is a virtual wallet. My bank details are protected, and I can make my payments from anywhere in the world with an internet connection. Their customer service leaves a lot to be desired, we tried to contact them several times and did not always receive a response, so I had to resort to forums and other means to avoid the stagnation of payments. Paytm is perfect for sending and receiving payments in prudent amounts, always following the proper steps and being well informed to avoid going through stressful moments, in general terms it ends up being a very safe and promising tool for exchanging money and online shopping.
- One of the advantages of Paytm is that there is no extra transaction fee when we make transactions from bank account to digital wallet, and from digital wallet to bank account allowing us to maintain a smooth flow of money between the two without collection pressures.
- With Paytm it is not necessary to go to the offices of any public service, through the digital payment system you can cancel all bills instantly with just a few steps, providing a time savings that today is very important for everyone and giving us the advantage of keeping our accounts up to date and without restrictions.
- Paytm gives you the window to purchase any type of item at the click of a button, from small personal purchases to more expensive items, all with easy payments at establishments near your location.
- 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.
May 24, 2021
Paytm: Digital payments for digital India
We have integrated Paytm wallet as a payment method to make in-app purchases for an android application. The users can link their Paytm wallet using their registered mobile numbers and make in-app purchases for different services being offered.
- Easy to integrate Paytm gateway with the Android application.
- Secure payments (uses 128 bit encryption).
- Large user base in India.
- High transaction success rate.
- Poor customer support experience.
- UI needs to be improved.
May 24, 2021
Best for payments and other transactions
This is an application that is being used personally by me and some employees from our organization. A trustworthy app that works on 128 bit SSL encryption can be used for making and accepting payments. You can either do it via your registered mobile number or via QR code scan.
- Secured payments via 128 bit SSL encryption.
- Good customer support for commercial purposes.
- Good UI and UX designing.
- Regular application updates
- Payment limitations
- Verification requires physical visits to their registered offices
- Customer service is not so quick. Delayed responses
Paytm payment gateway and business tools are being used by the Product, Tech and Finance teams mostly. It helps in tracking the various status of payments, reconciliation etc. and also allows Product and Tech teams to keep a check on the payment conversion rates. The good part is that it offers various options for online as well as offline payments such as credit, debit cards, net banking, wallet, and even QR code based payments.
- Cashless payment - online and offline (through QR code)
- Payment analytics to improve conversion rate
- Easy and automated transfer of payment to bank account
- Multiple modes of payments to improve conversion rate
- Good UI and UX of payment gateway
- Wallet limitations of 10-20 thousand per day
- At times the scan doesnt work well, like it fails to identify the QR code
- Registration on paytm is required for the user to use this payment gateway which is a time taking process
June 07, 2019
Paytm best personal payments
We use Paytm for all unorganized payments to vendors. Paytm is also used for bill payments. The Paytm food card is helpful. Paytm is also used currently to settle employee informal lunches.
- User interface
- Instant payments
- A lot of integrations
- Customer service
- App size
- No financial assessment
February 04, 2019
Master of All.
Paytm has provided its gateway to be implemented on websites or apps with the help of the SDK provided. Vendors can collect payments from Paytm in the company Paytm wallet or the account. Paytm provides an option for customers to pay using the Paytm wallet itself, or other options such as credit card, debit card or net banking.
- 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.
- Customer support - Customer support can be improved with detailed answers to your queries.
- Development support and community - Can be improved by code reviews in place.
January 21, 2019
Simple and Faster
It has been used across the entire organization. Also, it's very helpful for taking payments very fast in terms of purchasing equipment or office products and makes this process simpler. We have also used this for paying some office expenses which includes the electricity bill too.
- Faster Transaction in just a few clicks.
- Various options on buying products.
- Also, some cash back with each transaction.
- The interface on mobile can be improved.
- Website performance is low on desktop.
- There should be a section wherein users can find all the offers in a single page with filters and sorting.
January 14, 2019
Pay digitally with Paytm.
All the departments in my organization use this software. It is being used for making digital payments. Carrying hard cash all the time is very difficult for everyone nowadays, and every small vendor doesn't use a PoS Machine. So in this situation Paytm is the best solution for making transactions for day-to-day purchases.
- It has a wide variety of products and services on its platform.
- Being a mobile app, it gives me convenience in making payments from anywhere and at any time.
- It allows users to make mobile to mobile payments. For this, users don't need to add bank account details.
- It provides a mobile wallet service which is very easy to use.
- It provides cash-back incentives to motivate users to use this app.
- Its customer service is not satisfactory. They don't respond quickly. Sometimes they don't even respond.
- Some of the sellers on this app are not genuine. They don't sell genuine products.
- Daily we hear a lot of stories on data leaks and web security. So sometimes I doubt the security of my credit/debit card data on this app also.