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Easy Payment Solution For SMEs
March 23, 2022

Easy Payment Solution For SMEs

Rajkishore Mohapatra | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Paytm

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
  • Different Payment methods with international card
  • Unique dashboard to monitor transactions
  • Add profiles to account with different roles
  • Payment success rate is high so not faced any technical issue in payment gateway
  • Never faced any delay in payment settlement
  • Can access to dashboard anywhere with any device
  • Payment gateway activation takes time
When I inquired about payment gateway I found lots of platforms but all have differences. When I compared with Razorpay I found that Razorpay takes fix 2% charges for all types of payments received on your account while Paytm takes max 2.5% charges for Prepaid card and 0 for UPI and Rupay cards. Razorpay takes 2 days to settle the amount in your account where Paytm settles the amount in your bank account next day by morning.

Do you think Paytm delivers good value for the price?

Yes

Are you happy with Paytm's feature set?

Yes

Did Paytm live up to sales and marketing promises?

Yes

Did implementation of Paytm go as expected?

Yes

Would you buy Paytm again?

Yes

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.