Are you aware of the latest inventions in a technical field? If yes, then you must have heard about Paytm. Did you ever give a trial? No, then come! Let us get introduced to this latest tool that is used comprehensively.
What is Paytm?
Owned by One97 Communications, Paytm is one of the largest platforms for mobile payments. It will let you secure transferring of money anywhere via:
- Wire transfer
- Credit card
- Debit card
Also, it has opened the gateway of depositing cash via selected banks as well as partners. In this cashless era introduced by honorable Prime Minister Narendra Modi, you may purchase without using any money. Some other benefits in association with Paytm include the following:
- Booking tickets
- Payment of salary
- Transferring of money
Easy Transferring of Money through Paytm
With the help of the Paytm Wallet, you may transfer money at an instant against zero costings. Nowadays, almost every place accepts payment through Paytm that include:
- Petrol pumps
- Grocery shops
- Parking and many
Even you may pay for utility bills, book movie tickets and many others by logging in to Paytm. The smartphone is ubiquitous nowadays. As a result, it may be used as an app too.
Adding Money to Paytm Wallet
To get an insight into this newly introduced feature, you need to learn some of the best ways to add money to your Paytm Wallets. It will hardly take some time as you need to place a few clicks. Below are some easy to follow steps:
- After the opening of the home page, the “Add Money” option needs to be selected.
- The amount needs to be entered followed by payment using a card or net banking.
At the time of making payment, you may even scan the QR code of the recipient or enter the mobile number to make payment in an instant.
Accepting Money through Paytm
Just like adding money, receiving money through Paytm is also a piece of cake. All you need is to tap the “Accept Payment” option in the home screen followed by requesting the sender to scan your app. For easy understanding, you may capture a screenshot and email it to the sender for easiness.
Afterwards, the receiver needs to select the “Scan Paytm QR Code” from a gallery to pay you at an instant. There are two various ways of receiving the payment that includes:
- Paytm wallet
- Bank account
The amount will be settled at midnight.
Sending Money to Bank – Made Easy
Just like easy transferring of money, Paytm enables the easy taking of money from Paytm Wallet to your bank account. Below are some following steps that need to be followed:
- The tapping of the “Passbook” icon on the home screen
- Selection of “Send money to the bank.”
- The tapping of the “Transfer” button
Finally, you need to enter the necessary details that include:
- Account number
- IFSC code
The final pressing of the send button will conclude the operation smoothly.
Due to its ease and high advantage, people in business are in their ways to enable Paytm at their shops.