Paytm : Digital Wallet
Pay utility bills intantly & save on shpping with Paytm wallet
Paytm is a digital payments platform which lets you transfer money into integrated wallet with the aid of debit cards, online banking, credit cards. It is also possible to deposit cash via partners as well as selected banks. With the use of money in Paytm wallet, it is possible to make payments for a number of goods without carrying cash.
Among the transactions you can make with the aid of Paytm are inclusive of metro cards, mobile phones, data cards, DTH cables, to name a few. It is also possible to make postpaid payments for landline or broadband, mobile phones, gas and water bills, electricity. It is possible to book tickets for trains, buses, hotel rooms, flights, movies, with the aid of Paytm. Paytm also enables the payment of Uber Cab Rides with the use of the platform. In addition to this, it is possible to purchase foods on the eCommerce platform of the company with the use of Waller and making offline payments at more than 8 lakh merchants.
Paytm Wallet is recognized to be the digital payment instrument by which it is possible to transfer money from a credit card or bank account for using for transactions on the platform. It is essential to set an account with the aid of email ID and mobile phone number for setting a Paytm account and transferring cash to the wallet. It is possible to add up to Rs. 10,000 every month in the Wallet. In case you are willing to raise the monthly limit, you can avail the Know Your Customer or KYC process done. With the aid of this, it is possible to keep up to 1 lakh rupees in the Paytm wallet at any point of time.
Paytm wallet is recognized to be the most preferred payment option which is used by more than 160 million users across the country. It is accepted at more than 15 lakh merchant locations both offline and online. Paytm ensures that your account is secured during all times and confer with a good experience everytime you are making use of Paytm. Here is a list of some of the features of Paytm:
The paytm ID and password are not a prerequisite for accessing Paytm wallet. Even in the case, some one has taken your Paytm ID and password, they will not be successful in login as One Time Password will be delivered to the registered mobile number while logging from a new device. Hence, the only option for accessing the account is the combination of Paytm ID and Password in addition to the new old device is the OTP or One-Time Password to the registered phone number.
App Lock Password:
This feature allows the default screen of the phone to Pin, Lock, Pattern, Fingerprint as the second level of security for accessing Paytm. You will be asked for reconfirming the password, pin, fingerprint, pattern prior to making payments with the use of Paytm Wallet. This deters the unauthorized use of Wallet Account.
All Paytm users are capable of transferring money from Paytm at 0% fee to bank accounts. After launching Paytm Payments Bank, it is possible to transfer money from Paytm wallet at 0% even to Paytm Payments Bank Account. This is inclusive of Non-KYC and KYC merchants and users.
Wallet to Paytm Wallet:
While making payments to other paytm users with the use of Paytm. Money transfer to Paytm Payments Bank Account from the paytm wallet. Money transfer to other bank accounts from the paytm wallet.
Transfer and refund to bank timelines:
We let users the transfer of money to any bank account with the Paytm Wallet Account. Whenever a user makes a selection of Send Money to Bank Account from the Paytm wallet, the refund request is immediately processed. Money is sent instantly to the bank. In most of the cases, money reaches the account instantly, but may get delayed at times due to the following reasons:
Banks are not responding or their networks are down - This is experienced frequently where bank networks are not responding while initiating the request. It can be owing to network fluctuation or downtime at the end. In similar cases, paytm keeps retrying a number of times for 3 days. In most of the cases, the issue is solved within a time period of 3 days. However, in extreme cases, there is no response from the bank side even after 3 days. In these cases, the customer is informed after which the money is returned to the wallet instantly.
Timeout at Bank/NPCI - Timeout at Bank/NPCI is known to process money via IMPS transfer which may lead to pending refunds at times. In similar cases, Paytm continues trying till there is a successful refund. It takes up to 3 days usually for the actual status to be given back. Paytm informs the user of potential delays owing to refund status that is not refunded to them.
Refunds in cases of failed orders - In case you have placed orders with the use of Paytm wallet and for similar reasons, the refund is being processed after which customers are allowed to take back the money from the original resources with which the payment is done. For instance, in case you made an order with the use of Credit Card, Net Banking or Debit Card, Paytm attempt sending money back to the same source.
There are a number of reasons owing to which it is recommended to use Paytm which are mentioned below:
It is possible to make use of Paytm wallet for various things which are inclusive of booking bus tickets, bill payments, shopping recharges, etc. There are a number of well-renowned websites that assist people to make use of Paytm wallets.
You can make use of this wallet for sending money to loved ones and receiving from them at the same time. Payments can be done in a safe way in no time and thus you can trust Paytm without any doubt. Even Reserved Bank of India has approved the same which ensures that it is working in a proper way in accordance with the financial regulations.
Best for “On the Move” Payments:
You can make use of Paytm mobile app for the payment of bills or recharge as you are on the move. In case you do not have internet access, you are allowed to make payments with the aid of SMS on 09880001234 or by giving a call to 1800-1800-1234. A single call is going to save you from the hassles of consequences of not paying bills on time.
The paytm wallet helps in saving hard earned money by conferring different cashback schemes regularly. These offers happen to be completely trustworthy as a number of people are using them on a daily basis.
In case you are not satisfied with the services of Paytm Wallet, it is possible to get the money within few hours. You have the option where you can tell them you are not satisfied and thus have total control over the money.
Offers more Convenience:
The website is working rigorously for the expansion of payment routes. Paytm offers more convenience for transfer of money at ease.