Introduction
Founded by Vijay Shekhar Sharma, Paytm is a Noida-based multinational financial technology company, that comprises digital payments and multiple financial services. It was founded in 2010 as an app for people to recharge their mobile phone balance and transformed into a credible digital wallet platform by 2014. Users of Paytm are eligible to load money into the wallet for payments or complete transactions directly from UPI and bank accounts. Beyond settling as a digital payments app, Paytm brings a special earning opportunity for Indians. But before getting started as a Paytm bank agent, there are a few important points to know. This article covers most of them, so here you go:
About Paytm Bank Agent
The primary role of a Paytm bank agent is to promote the goods and services of Paytm. For example, Paytm QR (quick response) code, soundbox, EDC card machine, and Paytm Fastag. They also earn commissions for each transaction round for bill payments like movies, cable T.V., electricity, insurance and so on. In addition to products and services, agents can earn by making merchants and businesses sign up for Paytm. This onboarding is simple, and all you’d have to do is set up QR codes in their outlets.
Paytm Bank Agent Rewards
Most Indians are eligible to enrol as agents, which then gives them a chance to earn about 30,000 rupees per month or even more. The core, here, is commissions and earnings depending on how well you do as an agent. To understand better, here is a complete breakthrough on the Paytm rewards system:
- Paytm Fastag: Around INR 100
- Commissions for each Sound Box Sold: INR 150-200
- Onboarding a New Paytm Service Agent: INR 500 after he/she onboards 5 other merchants
- Merchant On-boarding and/or Setting Up a QR Code in Stores: INR 150 fixed + another INR 150, in case the shopkeeper uses it for receiving payments
- Merchant On-boarding with PAN: Another INR 25
- Engaged Merchant: INR 125
Requirements For Paytm Bank Agent
Registering as a Paytm bank agent is easy, provided you have the right set of documents, which further helps with faster approval and verifications. In brief, here are the prerequisites you’d have to check for:
- Adhar card copy, PAN card copy, recent passport-size photo
- Highest educational certificate
- Minimum 18 years of age
- A device, at least an Android phone and a mobile pack.
- Rs 500 as an initial investment.
- Ideal communication and networking capabilities.
Getting Started as a Paytm Bank Agent
If you see yourself passing all the eligibility criteria, it is time to register as a Paytm bank agent. For that, here is how you must proceed:
- First, install the Paytm app and launch it once done.
- The front page will have an option for Paytm Service Agent; tap on it.
- Then, select “Apply Now” to enter a new page having the form.
- Provide information that has been asked, such as Name, Email, Educational Qualification, and more.
- Select an online course time, as per your convenience, for assessing instructional activities important for a Paytm Service Agent.
- Now, upload your Adhar card image – both front and back, along with your education certificate, and a recent photo.
You will also be asked to undertake a selection test, which generally consists of about five questions. Make sure to provide three correct answers to be eligible to proceed. Also, each question carries a weightage of ten points, so answer accordingly.
Following this, your answers will be evaluated and if passed, a merchandising kit will be provided and sent to your address. The time required for delivery is about seven days and this new kit of yours will include useful tools, such as:
- Identification card
- Paytm bag
- Tape, and marker.
- 10 Sun packs and standees
- 50 Paytm accepted and QR code stickers
How to Become a Resourceful Paytm Bank Agent?
After the registration process is over, you can officially refer to yourself as a Paytm agent. This is the starting point for you, but will have to face a few difficulties as a beginner. How to venture into the job role is a personal move; yet there’s nothing better than following what speakers in webinars say. There are numerous events and webinars hosted for agents and you can attend one to have an overview of the industry. Also, such events are oriented toward beginners, where you’ll be briefed about strategies. The industrial experts will put forth their experiences and guide you on best speaking practices, and convincing abilities.
Conclusion
Paytm agents are authorized banking correspondents who work on behalf of Paytm to offer different financial services. This includes opening a bank account, making a payment, applying for a loan and so on. Being a Paytm bank agent is promising and individuals can opt for full-time, part-time or free-time duties — according to their needs and circumstances. Its flexibility is what makes the job role an ideal side hustle, having no external pressures or targets. As an agent, you also won’t have to prove your educational qualifications and sheer dedication with swift communication skills is all asked for.
FAQs About Paytm bank agent
Ans. There are two ways of becoming a PSA. The first method is where you’d have to contact a nearby Paytm officer, who will then complete the registration process on your behalf. The second method is by applying as an agent through its website, followed by connecting with a nearby officer. In both methods, getting in touch with an officer is important for confirmation purposes.
Ans. To access your account, start by installing the Paytm account on your phone. Then, while setting up the account, choose “Paytm BC ”, available in the main menu. Provide Paytm BC login credentials, including your username and password to proceed.
Ans. To recover your password, call 0120-4888488, preferably from the phone number you used for registration. An automated voice will ask for your language. Following this, you will have to press 1 to reset the password. This process is valid for both recovering forgotten passwords and if you want to change it for some random reason.
Ans. You can easily recover your issues by contacting Paytm’s customer care team at their toll-free numbers 1800 120 130 for report fraud, 0120-4455 555 for customer support, (24×7), 0120-4456 456 for queries related to account opening and completing KYC. Alternatively, you can choose to connect with a representative directly from the Paytm app. For this, you’d have to go to the “More” section, and choose “Contact Us”, followed by selecting a relevant option.
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