Connect with us

How To

How To Accept Payments through Paytm for Retail Store through QR Code or Mobile Numbers



On 8th November 2016, the Government of India announced that the ₹500 and ₹1000 banknotes were demonetised. There was no way one could spend their bank notes and now the only possibility of accepting or making payments is through digital services for saving time instead of waiting in long queues at the ATM’s. In this article, we are going to tell you how you as a Retail Store owner can easily accept payments through Paytm services easily.

First of all, if you have ever recharged your phone online you might have heard about Paytm services that have been online from almost a decade. The first thing to do is to download the app from the google play store & login with your credentials if not create an account. Depending on the type of services you have a different list of steps as mentioned below.

Select the Payment Solution here:

  • I want to accept payments on my app/website – Power your App/Website with Paytm’s payment solutions. Customer can pay through Paytm Wallet, Credit Card, Debit Card and Netbanking. Paperless onboarding option with easy integration kits / SDKs / APIs.
  • I want to accept payments in my shop/retail store – Start accepting payments at your Shop with Paytm QR solutions. Customer can scan the QR code and pay through Paytm Wallet. No POS or technical integration required.
  • I want to accept payments using Whatsapp, Facebook, SMS or email – Send Email / SMS invoices with a Pay button and get paid faster with Paytm. Customer can click on link and make payment without any hassle.
  • I want to reward my customers with Paytm cash – Reward your customer with Paytm cashback as gratification for loyalty.

Select the Second option of accepting payments for my shop & follow these steps to get started.
Accepting Payments through QR Code:

  1. The first step would be filling the Business Details (For Retail Store) form that needs you to share all the details of your shop including the address, category of the business, business description etc.
    Paytm Business Form
  2. In the next step you would be offered a sticker that you could download & print or else save onto your phone. That is it, now you can collect payments from anyone who visits your store and get started. Following is a copy of how the sticker looks like.
    phoneradar paytm store qr code

This is how you could easily accept payments from your customers directly on your application, website or your offline retail store or business. Now if you are confused about the costs associated for these services we have mentioned them below.

Retail Store:
Setup fee – ₹0
Annual Maintenance Charges – ₹0
Transaction Fee – 0%*
* Receiving money in your Paytm A/C is free.
* If you are a Non-KYC merchants you only need to pay 1% Charges on transferring money to your bank account.
* Till 31st of December 2016 all KYC Merchants can transfer money to their Bank account without any charges.

Payments in App / website:
Setup fee – ₹5000 (Waived Off.)
Annual Maintenance Charges ₹ 5000 (Waived Off)
Zero Transaction Fee for the first 3 months. * Flat 1.99% thereafter plus service tax.

All the digital wallet services are offering great benefits to businesses who are looking forward to accept payments through them and the above is an example of the same. You can also take a look at other service providers in the market and this tutorial was just for information.

Continue Reading

Recommended Video

Connect on Facebook

Top 5

Top 53 months ago

Top Features of the Vivo V7 Plus Smartphone

Vivo has finally unveiled the all-new selfie-centric smartphone dubbed Vivo V7 Plus in India. Though it is the successor to V5...

Top 55 months ago

Top 5 Best Performing Smartphones Under Rs 30,000 You Can Buy in August 2017

2017 has been an amazing year for smartphones. We have seen some really great smartphones launching this year so far...

Top 57 months ago

Top 5 Features of the Panasonic Eluga Ray Smartphone

Panasonic launched the new Eluga Ray smartphone here in India a couple of weeks back. This is yet another offering...

Top 51 year ago

Top 3 Smartphones from UMi you should take a look at

UMi is a Chinese smartphone manufacturing company that has launched a couple of smartphones previously. The smartphone manufactured by the...

Top 51 year ago

Fix Top 5 Pokemon Go Problems like Server Issues, GPS error, Battery Drain

Pokémon Go by Niantic began rolling out to players across the globe, and like all any other new game release,...

Top 51 year ago

Top 5 Features of Samsung Galaxy On5 Pro & On7 Pro Smartphones

The South Korean smartphone manufacturer Samsung, has been doing pretty good job with the budget smartphone lineup. They have introduced...

iPhone 6s - 1750mAh Battery iPhone 6s - 1750mAh Battery
Top 51 year ago

5 Tips to Make your Smartphone Battery Last till the End of the Day

Smartphones are the most useful piece of gadget that we own, which helps us get our jobs done easily. We...

Samsung Galaxy S6 Edge Plus - Top Features Samsung Galaxy S6 Edge Plus - Top Features
Top 52 years ago

5 Most Important Features of Samsung Galaxy S6 Edge+

Samsung fans must be in awe this year, as they’ve got to see two new flagship devices within the span...

Top 5 Missing Features on Samsung Galaxy Note 5 Top 5 Missing Features on Samsung Galaxy Note 5
Top 52 years ago

Top 5 Missing Features on Samsung Galaxy Note 5

Samsung has launched the much-anticipated smartphone ‘Galaxy Note 5‘ with not much improvements over specifications, but you can find the...

Samsung Glaxat Note 5 Featured image Samsung Glaxat Note 5 Featured image
Top 52 years ago

Top 5 – Most Important features of Samsung Galaxy Note 5

Samsung Galaxy Note 5, the biggest announcement by Samsung Mobiles in New York. The features of the device are pretty...