Are you looking for how to use Paytm? If yes, then you are at the right place. We all know about Paytm, but there are a number of people who still do not know about it. So, for this reason, we are sharing you a detailed step-by-step guide for you. This guide will answer all your questions including what is Paytm, and how to use it.
Paytm claims to have over several crore users today who are using its features and around 5 lac new users are adding daily. For this reason, we thought to share with you a step-by-step guide to help other people get familiarize with this online platform. Before going to the steps, let us discuss a little more about it.
What is Paytm and Paytm Wallet?
Well, Paytm is one of the largest online platforms for you to make your lifestyle easier. It is one of the ways to make mobile payments, recharging data cards, DTH, paying bills for electricity, water, gas, booking bus/flight/ or train tickets, movie tickets and many other things. You can also shop for more than 5000+ products.
It is a digital platform for making payments which allows you to transfer money into your Paytm wallet either through debit cards, credit cards, net banking, or by depositing cash via banks. If you want to add money to your Paytm wallet through cash, then you need to keep in mind that it only accepts selected banks. If you will have money in your Paytm wallet, you can use it to buy a number of goods, and you would not require having cash in your hands.
Basically, Paytm stands for “Pay Through Mobile” founded by Vijay Shekhar Sharma. He started this website under his company called One97 Communications in the year 2010. It is a website, an Android, and an iOS app. But, initially, it was started as a mobile recharge website for prepaid connections. Later in September 2015, Alibaba Group based in China acquired the 20 percent of the company’s stakes. With this, Alibaba Group became the largest shareholders of the parent company of Paytm. This is because the Group invested around $680 million in Paytm. Read it further to learn how to use Paytm.
How to Use Paytm
Now you can simply transfer money using Paytm Wallet to anyone without paying any additional cost. If you have money in your Paytm Wallet, you can seamlessly make payments at various places such as petrol pumps, grocery shops, coffee shops, restaurants, hospitals etc.
Not only this, you can also pay your bills through online using Paytm wallet cash, book tickets for movies, train and many other things through Paytm Mobile App or website.
Here is a step-by-step guide for you to learn how to use Paytm.
How to Download Paytm Mobile App and Register/Sign Up with ease
Following are the steps that you need to follow to download the Paytm Application and register on it.
- Visit the official website of Paytm >> www.paytm.com. You can also go to the Google Play store or Apple Store to install the app on your devices.
- After installation, open the Paytm App.
- Register by clicking on to “Sign Up” in the top right corner.\
- Enter your mobile number, password and email ID and click on “Proceed”.
- Once you are registered successfully, login to Paytm.
- If you want to use features, you would require adding some money to your Paytm Wallet.
- You can add money to your Paytm Wallet through various modes such as:
- Debit Card
- Credit Card
- Net Banking
- IMPS
- ATM
Note: To use a Paytm wallet, you need to install the app. Paytm Website does not provide you with the feature of Paytm Wallet
How to Add Money to Paytm Wallet
Follow the steps given below to add money to Paytm Wallet:
- Go to Paytm App or Paytm Website
- Log in to your account using your login credentials
- Hit ‘Add Money’ icon given on the Paytm App’s homepage
- Enter the amount how much you want to add to your Paytm Wallet.
- Click on “Add to Wallet”.
- If you have any promotional code or voucher, you can apply.
- If you do not have a promo code, all you need to do is simply leave the field and click on “Proceed to Pay Rs.”
- After entering all the above information, pick the most suitable method for you to pay the amount for completing the process of payment. You can make payment either through Credit Card, Debit Card, or Net Banking.
- The amount will be credited to your Paytm wallet instantly.
Limit to Add Money to Paytm
For Non-KYC customers, the limit to add money is upto Rs.20,000 in a month. But, if you are a KYC customer, limit for you to add money to your Paytm is Rs.1,00,000.
How to Pay Money Using Paytm to Other
Generally, there are three types of payments using Paytm and these include:
- Payment from one Paytm Wallet to another Paytm Wallet
- From Paytm Wallet to Bank Account
- Payment from Paytm to Merchants via QR code scanning
In this article, we will discuss only the first two. Read it further!
How to Transfer Money from Paytm to Paytm
The Paytm users can Pay, receive, and shop using the mobile application at no extra cost. Here are the steps of making payment from mobile to mobile. Following the below steps to make you learn how to send money from Paytm. If you will follow these steps, this would make you able to pay instantly from one Paytm Wallet to another Paytm Wallet.
- Click on “Pay” option available on the Paytm Home Page.
- Enter the mobile number of receiver (Receiver should also be registered with Paytm)
- Enter the amount you want to transfer and add a note of transaction.
- Click on “Send” button.
- Hit “Proceed to pay” to send money from one Paytm wallet to another Paytm Wallet.
How to Use Paytm for Bank Account
If you do not know how to transfer money from Paytm to Bank Account then here are the steps that you are required to follow. But make sure that you know how to add bank account in Paytm. Scroll down to read the steps
- Click on “Passbook” icon on the home page of the mobile app.
- Click on “Send Money to Bank” option, and then on “Transfer”.
- Enter the total amount you want to transfer.
- Mention the name of Bank Account holder.
- Enter the IFSC code.
- Enter something as a note in the transaction.
- Hit “Send” and proceed to make payment.
- Your wallet amount will simply get transferred into your bank account.
Ways How to Use Paytm wallet
There are several transactions that you can make using Paytm such as:
- Data Card Recharge
- Mobile Recharge (Prepaid and Postpaid)
- Bill Payment for Electricity, Water, Gas, Landline, Broadband
- DTH Recharge
- Ticket Booking (Movie, Bus, Train, Flight)
- Online shopping
You can pick any of the above to make transactions through Paytm. Are wondering how to use Paytm for mobile recharge, or how to use Paytm Cash for mobile recharge? Well, the process is simple, all you need to do is simply add money to your Paytm wallet as explained above and choose Paytm wallet as the mode of payment. This would recharge your phone using money available in the wallet.
How to Use Paytm to Accept Payment
Accepting payment using this digital platform is easy. All you need to do is to simply tap on “Accept Payment” option which is available on the home screen of Paytm app. Afterwards, you will have to request the sender to scan the QR code of your Paytm app so as to transfer money to you. On the other hand, you could also simply take a screenshot and share it with the sender on WhatsApp or email. Then, they can scan the QR code from the gallery and pay money to you instantly.
Well, there are actually two ways to receive money. Either you can accept it into your Paytm Wallet’s app or can choose the option of “Bank Account” in the option of Accept Payment.
Have a Look:
Frequently Asked Questions
- How can I pay from Paytm?
- Click on “Pay” option available on the Paytm Home Page.
- Enter the mobile number of receiver (Receiver should also be registered with Paytm)
- Enter the amount you want to transfer and add note of transaction.
- Click on “Send” button.
- Hit “Proceed to pay” to send money from one Paytm wallet to another Paytm Wallet.
2. How do I Add money to my Paytm wallet?
You can add money to your Paytm wallet by hitting “Add Money” on the home page and adding the amount. Then, you have click on “Add to Wallet” to add money. You can add money via Debit Card, Credit Card, Net Banking, IMPS, and ATM.
3. How can I send money through Paytm?
- Click on “Passbook” icon on the home page of the mobile app.
- Click on “Send Money to Bank” option, and then on “Transfer”.
- Enter the total amount you want to transfer.
- Mention the name of Bank Account holder.
- Enter the IFSC code.
- Enter something as a note in the transaction.
- Hit “Send” and proceed to make payment.
4. Can I pay credit card bill through Paytm?
No.
5. Can we transfer money from Paytm to bank account?
Yes. To know the procedure to refer to the article.
6. How do I withdraw my money from Paytm?
You can withdraw your money from Paytm by transferring it to your bank account.
7. How can I receive money through Paytm?
Go to the mobile app and tap on either “Pay” or “Send”. Then, click on the “Mobile Number” and enter the details.
8. How can I get Paytm wallet?
You will get your Paytm wallet after registering on the Paytm Website or Mobile App.
9. Is Paytm an Indian company?
Yes.
Wrapping it up
So, now you have learned how to use Paytm. It is the easiest mode of sending and receiving payment. Use it and enjoy its numerous features.
