What is Paytm For Business?
Paytm For Business 076839.33069 073974.39902 is an Indian e-commerce shopping website inaugurated in 2010, owned by One97 Communications, which initially draws on mobile and DTH recharge, the company is headquartered in Noida, India. Wikipedia
Founder: Vijay Shekhar Sharma
Founded: August 2010
CEO: Renu Sati (23 May 2017–)
Income: 35.79 billion INR
Parent Organization: One97 Communications
Site Type: Financial services, online purchasing, payment system
We'll talk about the Payam For Business model of Paytm Everybody knows about Paytm For Business, you may have done recharge from there or online order or bill payment.
How do Paytm For Business do earn?
- First of all, let's talk about its history that Paytm For Business is a brand which is a part of one 97 communication Started in 2010.
- And so far has received funding of 1500 crore In 3 rounds and Paytm For Business have acquired 3 companies.
- Paytm For Business started their business with mobile recharge You can add money in wallet.
- Recharge your phone and gave a lot of cashback in the beginning 100 cashback on recharge of 500.
- These cashback were a way of making Paytm For Business a habit
- You normally used to do recharge You used to get a coupon( it used to have a code) Then with time, we gave our number to service providers for recharge.
- But today, most of the people who know how to use internet We prefer Paytm For Business and we can get 5% cashback 10rs, 20rs cashback And we prefer Paytm For Business
- Because of Paytm For Business service and cashback.
- And today, Paytm For Business is earning on the behalf of cashback they have given in the initial phase If we divide their business model It's a combination of 7 Business models.
- First Business model is market place.
What does Paytm For Business mean?
- If you haven't seen my e-commerce blog You can check in the I button Because everyone wanted me to make a blog on Myntra, Flipkart And I've already made a blog on this Their model is a commission-based
- When a seller list a product on their website when a particular product is sold, they get a commission that's it There are some hidden cost inside it too Suppose there's a product worth 100rs on paytm So the product sold is of 100rs and on this product
- Seller have to give 2.8% transition tax of the amount paid by the consumer to the paytm Logistics charges are on paytm and commission Basically paytm earns via 3 medium and if they try to do some fraudulence Then paytm charges big penalty on them then they'll pay for the penalty as well.
- According to paytm, They have the daily sales of 20 lakh products They get transaction fees, commission and most important thing, 90% of payment is Prepaid means from the wallet.
- So Whenever an order is prepaid, chances of return request are low Normally if mode of payment is cash on delivery then chances of canceling the order are high SO the transportation cost is the loss So here the majority is prepaid So chances of cancellation are high their next business is of recharge.
- Normally shop service provider used to keep coupons with them and in return, they used to margin 5-6% Here they are getting orders in bulk.
- And no inventory cost No need of paper Paytm For Business can directly pay from paytm So from here Inventory cost is cut and commission is there So they do give cash back because they want to make you habitual A time will come when You'll get used to paytm and their next business model.
- Paytm For Business are tied up with MTNL BSNL and with power supply with airtel with broadband Same game whenever a person recharges from a particular service provider There, they get a commission They first give customer some refund If you pay from paytm, you get 50% off If a person once paid the electricity bill via paytm. Chances are high, you'll pay the bill from then only Now what people do If they have 10 sim They first get discounts from those 10 sims And change from one wallet to another wallet. You can do this But normally People are getting positive towards paytm next business is of Payment gateway Mean if I am running my website Suppose I am selling my nutrition supplements and I want to add a payment gateway So that you can pay via card SO they provide this solution called payment gateway and they get some commission Now their architecture cost All the cost in the making of payment gateway It's a one time cost After this More the payment,, more the commission So there are many companies who are earning only by providing payment gateway Paytm has only one subsidiary( means their payment gateway is handled by some other company) Next business model is of bank I've already made a video on this How do they earn they invest and reinvest your money and take some interest out of it
Paytm business customer care
Movies and Events Tickets 0120-4728-728
Paytm Mall Shopping Orders 0120-4606060
Paytm Travel Tickets and Forex 0120-4880-880
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