Are You Shop owner and Your business is affected after demonetization. Don’t worry Paytm for Business is solution for You . You can accept payment from Customers even they didn’t have notes in their Pocket , Here is how it is works .
Paytm Guide For Shop & Business owners
Paytm Becomes number One mobile wallet application Specially after the Demonetization. More and more People are Using Virtual wallet apps to make Transaction . Its Good because here we Don’t need to carry Cash anywhere Just having Smartphone & Internet Connection is enough .
Even now Internet is not Required too, Because Paytm Works without internet . Not for customers only its also one of the Best cashless payment system for Businessman, Merchants & shop owners.
Shop owners can Easily accept payment by Paytm Just they need to Generate Paytm Qr code and paste this Code to shop counter . Customer can pay payment by Scanning QR code via Paytm app .
Business person who accept the Payment Need to be Upgrade Paytm wallet to accept, Pay & transfer more then Average payment Limit .
A normal user can’t transfer More then 20000 rs in a Month but needs of Shop owners & Merchants is very different then Normal users That’s why paytm Provide you a Option to apply for Business account.
Currently 3 types of Paytm Business account is available First one is 20000 rs Monthly Limit, Second is Rs 50000 monthly limit and the Last one is Unlimited monthly limit .
Please note that Here Monthly limit Means how much money you can accept in A month .
Here is Detailed Overview of All 3 Paytm Business accounts type.
₹20000 monthly limit
Every User who Creates The Paytm account will be Come into this Category first . You not need to Do anything Extra to apply this Account . Just Download the app , Register with your Mobile number Set a Password and get started.
Here is Some conditions
- Your account will be activated instantly.
- You don’t have to Submit any document and No verification required.
- There is no Charges to accepting Payments.
- You have to Pay 1.5% charges Transfer money to bank account.
- Monthly limit is Rs. 20000 for accepting payments.
- Transfer Rs. 5000 only at a time You can Transfer paytm cash in bank up to Rs. 20000 in a month.
₹50000 monthly limit
This Type of account is Perfect for Small business like Kirana Shops . It Gives you power to Auto transfer amount into Your bank account in Every Midnight. But here you have to verify your Identity by Submitting bank details and Self declaration form.
Here its terms :-
- Your account will be activate within 72 hours once You submit your Requires Bank details and self-declaration form.
- As like others You also have to pay 1.5% Bank transfer Charges.
- Merchant can’t accept or Transfer more then 20000 rs in a Month.
- Monthly Accepting limit is rs Rs. 50000
Unlimited monthly limit
This Type of Paytm Business account is perfect for Those who want Accept amount, Transfer without ay limit . Specially more then 50k , But its not very Easy to Create . Business owners need to Submit Documents of his Company and about his Identity.
- You need To Submit all Required Document here is List .
- It takes Up to 5 business days For Successful activation.
- Bank Transfer charge will be Applicable.
- Its Completely Unlimited no transfer limit & No payment accepting Limit at all.
How to Start Accepting Payment via Paytm
The process of Upgrading the Paytm wallet is Different in all 3 cases . Don’t Worry below we update all the Details.
How to Accept Payment via Paytm
|Account Type||How to apply|
|₹20000 monthly limit||Just Download Paytm App for your Smartphone, Register with Your mobile Number . After Generating Qr code you are Ready to accept payments.|
|₹50000 monthly limit||Go to this Page and Follow all the Procedure it takes up to 72 hours.|
|Unlimited monthly limit||Visit this Official page , Fill up all details . You will recieve a call back within 48 hours from their team . You have to Ready with all Required Document.|
Hope This business with paytm Guide will be helpful for Grocery Stores, Chemists, Auto rickshaws, Tea Stalls, Restaurants, Petrol Pumps, Parking, Street Food, Gas, Milk Booths, Merchants, Shop owners to Accept payment via Paytm wallet .
If you still have any Question then You can ask in comment or Contact Paytm business customer care Number 9643979797.
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