Processing payments with your mobile device during the global Covid-19 pandemic. The users can avoid touching currency (who knows who else was in contact with it) and make their purchases via a mobile phone only.
Using Paytm will come in handy here. You’ll be able to process payments anywhere in the USA with your mobile phone only. It’s best to open and use a Paytm account just for this. However, it isn’t the only Paytm merchant account you should know about. If you are interested to learn more about this one, make sure to check out our guide.
Table of Contents
Why use a mobile paying method?
We have mentioned that touching money isn’t recommended during a global Covid-19 pandemic. Money changes hands much more than we tend to think about. If a person has Covid-19 and touches a paper bill, the chances are that someone they are handing the money to can contract it as well.
Making an international merchant account for safe payments is much better. It will allow you to avoid using money, especially nowadays. You’ll want to avoid that for sanitary reasons. However, it is not the only reason you avoid using paper money. For instance:
- It is really easy to lose it – How many times have you lost paper bills? Did they get crumpled in your back pockets, and you weren’t able to use them? Are you tired of counting or pulling out your money in public places? Well, those and the chance of losing it speak for themselves.
- It has stopped being practical – It’s more practical to simply use a credit card or a mobile device to make payments anywhere. You simply press a few keys on your phone, and that’s it. You won’t have to worry about anything else, and your transaction will be completed.
Think about using your mobile phone for any payments you need to make. It will make your life easier, and you should consider it.
The benefits of making a Paytm Merchant Account
You should know that making a Paytm merchant account is not free of charge. You will be required to pay a one-time fee, and that’s about it – you won’t have to pay for using the service at all.
With a Paytm merchant account, you will have unlimited access to all the features Paytm offers. That includes receiving and making payments via different platforms, such as Paytm Wallet, Rupay Cards, Paytm UPI, and all other UPIs.
Paytm will provide you with a unique QR code you can scan in any convenience store, shopping center, mall, and business place that accepts it. Keeping in mind how modernized the US is, you will be able to make your payments with Paytm without any issues almost anywhere.
Merchants with merchant accounts will have a staggering 0% fee on all payments they make with direct settlement in their bank accounts. That’s why most users of Paytm prefer to upgrade their regular accounts to merchant accounts. Paying without any provision at all is something people are interested in and the main reason they create Paytm accounts in the first place.
Are there other advantages to having a merchant account?
A merchant account on Paytm will allow you to receive money from different applications in real-time and without any delay. Think of it as a premium service. Your account will be automatically verified, and you’ll not need to wait at all for the transaction. It’s one of the best features this upgrade has.
Most people prefer using the merchant account due to its feature that all the money you receive or pay goes directly into your bank account and not to your Paytm Wallet. It saves you some trouble and helps you avoid transactions and exchanges. For instance:
- Exchanging foreign currency takes a percentage – No bank or service will exchange foreign currency without a fee. With a merchant account, foreign currency will directly flow into your main bank account without the need to pay the fees twice. It will save you a lot of money.
- You’ll avoid multitasking as well – You will also avoid several clicks this way. Money conversion via an app is plausible but tedious. You won’t worry about it if you upgrade your account.
The small things matter the most when you decide to upgrade the regular Paytm account to a merchant account. The more you think about this one, the more you’ll realize that you’ll only be doing yourself a massive favor.
Paytm merchant accounts are easy to use, practical, and will save you a lot of time and effort and enable direct bank transactions via your mobile phone. We don’t see why you shouldn’t upgrade it right now.
Conclusion
Paytm merchant accounts provide numerous benefits to the clients, some of which include 0% provision rates, direct transfer to and fro your bank account, as well as real-time transactions up to $50.000. We wholeheartedly recommend using a Paytm merchant account for the best results. Good luck!
