January 27, 2019

How To Use Paytm Postpaid Money To Wallet (In Hindi)

How To Use Paytm Postpaid Money To Wallet (In Hindi) – Paytm Postpaid Services has been initially launched on 4th January 2019. According to Paytm Terms and Conditions, only very few Paytm Users will be able to use this service or eligible for it.How To Use Paytm Postpaid Money To Wallet

Later, a credit limit of Rs. 60,000 can be paid next month. Using Paytm Postpaid money is extremely simple. But, first of all, you will have to confirm that either you’re eligible for this or not? Initially, you will have to set your passcode to start using Paytm Postpaid.

Step 1: Login to Paytm App.

Step 2: Go to Security and Settings under profile.

Step 3: Click on Set Passcode/ Change Passcode

Step 4: Set Your Passcode.

INTERESTED PAYTM RELATED READ: How To Book Movie Ticket Online In Advance By Paytm, BookmyShow

Next, it is super important for you to learn how does the Paytm Postpaid Works?

  1. Check Paytm Postpaid: Go to Profile, Click onPaytm Postpaid.
  2. Two Step Application Process: Provide Aadhar & PAN Details.
  3. Get your Spends Limit: Based on your Paytm Purchases.
  4. Shop Anytime Anywhere: Choose Paytm Postpaid as Payment Mode.
  5. View Purchases in Passbook: All your Paytm Postpaid orders will be visible in Passbook.
  6. Pay by 15th Next Month: Repay using Wallet, Debit Cards & Netbanking.

How To Use Paytm Postpaid Money To Wallet (In Hindi)

INTERESTED PAYTM RELATED READ: How to Transfer Paytm Cash to Bank Account – Two Simple Ways

Paytm is indeed a Payment Gateway. And after learning about How To Use Paytm Postpaid Money To Wallet (In Hindi), you also need to take a look at – What is a payment gateway and how does it work?

A payment gateway is a software application that payment service providers use to process payments or online purchases.

Originating on a merchants website. It acts as an interface between the merchant’s website and a payment processing bank known as an acquirer.

Generally, a gateway can be used for many types of payment methods but for the purpose of this guide on ALLTECHBUZZ media, we will solely focus on online credit card payment.

INTERESTED PAYTM RELATED READ: How to Use Paytm to recharge and pay bills? Everything you need to know

The gateway encrypts sensitive credit card details to ensure that information is passed securely between the customer, the merchant and the acquiring bank.

When a customer purchases a product or service on a website that is connected to a payment gateway, the gateway performs a variety of tasks to process the transaction.

Once the customer places their order on the merchant website they choose to check out or pay and are then redirected to a payment page to enter their credit card details.

If the merchant is fully compliant with the necessary security standards, the payment page can be generated on the merchant servers and the cart information collected and passed on to the payment application in a secure way.

INTERESTED PAYTM RELATED READ: Paytm Introduces Mobile Wallet Recharge Via ATMs – Recharge On the Go

The payment page can also be generated by the payment gateway application itself. And information can be collected there. Either way, the card and transaction details are gathered and stored on the secure surface of the payment gateway.

From there, the payment gateway processes the transaction and sends all information to the issuing bank for approval via the acquirer and the relevant card scheme.

Once the payment has been confirmed by the card schemes, the payment gateway sends the approved transaction bank to the merchant’s website and then the merchant informs the customer that the purchase has been successfully completed.

Of course, the payment performs a lot of other tasks as well, but when it comes to credit card payments, these are the main steps to processing a transaction. Cable ease of this entire process only takes around three seconds.

It took us about ten times the amount of time to explain it to you. Payment gateways add a whole lot of value throughout this process. Here are some of the key features.

INTERESTED PAYTM RELATED READ: How To Transfer Money From Credit Card To Bank Account Without Charges

A payment gateway is the most common way for a merchant to connect to the payment system. Only the largest merchants are able to connect to an acquiring bank directly. Gateway transaction fees are very small compare to the advantages they offer in helping a merchant connect to an acquirer, manage the business and control the risks associated with accepting online payments.

A good payment gateway will provide the merchant with many customizable reporting options which help the merchant to manage their business. A good payment gateway will be able to get connected and able to process many different payment methods that may not yet be offered by the merchant. A merchant pay has its own highly secured PCI DSS level 1 compliant gateway. 

You need to stay update today to all the changes in the payments environment to grow sales in the right manner. There are three new technologies everyone is talking about – EMV Chip Card, Apply Pay and Nearfield Communication (NFC).

INTERESTED PAYTM RELATED READ: How To Change CIMB Clicks Password, Username, User ID, Security Question

EMV stands for Euro Card, Master Card and Visa and this is the gold standard for payment transaction processing. Coming to the US in 2015, EMV chip cards of a small microchip embedded improving security by making a harder to use cards fraudulently.

Instead of a cashier swiping a credit or debit card, the customer will either dip the card into an EVM slot or top the card on the sales terminal. In 2014, credit card fraud losses topped 10 billion US dollars. In typically the card issuer was held responsible. But on October 1st, 2015, everything changes.

The risk and liability are going to shift to the merchants if they are not set up to accept EMV transactions. Fraudulent Chip Transactions on non-EMV compliant terminals will put merchants business and reputations at risk.

So, by embracing EMV Chip Card Technology, they will be protecting their business from this liability and their customers will feel more secure about doing business with them. To become compliant, the merchant will need to make hardware changes as most terminals used currently are not ready for EMV payments.

Apply Pay is Apple’s mobile wallet which combines the simplicity of mobile payments with the confidence of keeping your personal information secure. It allows consumers with certain iOS devices to store the credit card or debit card details securely in digital form.

INTERESTED PAYTM RELATED READ: How to Generate SBI ATM Pin Through SMS/Netbanking/ATM Online

And, then use these devices to make in-store in-app or e-commerce purchases effectively replacing plastic credit cards. Instead of physically taking your credit card out and handing it to a stranger in a store or restaurant, Apple Pay enables contactless payments by tapping a couple of times and hovering the phone to your designated register screen for one or two seconds.

To accept Apple Pay in a store, a merchant needs an NFC capable device and thanks to an encryption system that creates a designated code for each user’s credit card. Merchants actually never get the customer credit card number. Just the encryption code necessary to complete the transaction.

INTERESTED PAYTM RELATED READ: Best Website’s to Compare Price of Mobiles, Laptops etc before Buying in India

Those safeguards along with apple fingerprint identification make apply face safer and more secure than traditional payment methods. Near Field Communication or NFC is a set of standards for smartphones mobile devices to establish radio communication with each other by touching them together or bringing them no more than a few inches apart.

Here’s how it works in a retail store example. The customer wants to pay with their mobile wallet stored in their smartphone. Tapping the phone makes it the initiator device that uses a current to create a radio frequency in turn.

INTERESTED PAYTM RELATED READ: 10 Best phones under 30000 in India and 3 Best phones under 35000

That powers a passive target such as the retailer’s NFC enabled terminal that will accept payment.

The smartphone in the terminal effectively talks to each other to exchange information securely about a transaction. This technology is widely embraced among millennials as it enables contactless payments from a mobile device.

That is significant because of the added convenience and security of payments. So, what does all this mean to the sales agent?

INTERESTED PAYTM RELATED READ: 30 Best Online shopping Apps in India

Where there are big changes there are always great opportunities. Most important thing is to start calling business owners and highlight the benefits of switching to EMV chip card.

Apple Pay and NFC ready terminals to prevent the shift of liability to them reduce counterfeit fraud, increase security, increase revenue through acceptance of international visitors cards and support the way customers want to pay. Better yet, a great way to start the dialogue with merchants about EMV and Apply Pay acceptance is a free terminal programme.

This will allow you to bring up the big talking points for 2015. If you don’t, someone else will. If having any questions regarding How To Use Paytm Postpaid Money To Wallet (In Hindi), do let us know in the comment box below.

About the author 

Imran Uddin

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}