What is Paytm, How to use it and How to earn money from it

You must often hear that I have transferred so much money from Paytm and I have got so much cashback or if any shopkeeper says that Paytm runs here, then what is this Paytm

Somebody says that I have spent so much and I have earned so much cashback from Paytm and I have earned so much from Paytm, you can also earn, you must have heard or seen this in many videos but no one tells you how to earn from it.

Millions of users use Paytm, in such a situation, you do not know what is Paytm, so today we will tell you what is Paytm, how it works, and how to earn from it, if you get complete information in this article, then stay with us.

sourablog paytm
sourablog Paytm

What is Paytm?

Paytm whose full name is Pay Through Mobile, this is an “Indian Electronic Payment Company”, through which you can make online payments in India.

There is an online money transfer company that can transfer money from anyone’s bank account to anyone’s bank account online, it all happens online.

Paytm was established in 2010 by Paytm’s subsidiary company “One97 Communication Limited”, its work was to do an online mobile recharge website, but today it has become an online payment app.

Paytm Which country

Paytm was established in India like this, but Paytm is currently running online payments in India, now Paytm is connected to India’s banks.

Paytm is currently in India but after a few years it will become international, it will first open its branches around India and then it can transfer money from India to other countries.

Why paytm shares fell down

According to the news, the share of Paytm has gone down a lot, the reason for this is that Paytm is giving cashback to its customer because they gave so much cashback to their customer that their company has suffered a loss.

Now in the Diwali season, Paytm has given cashback on every payment, due to which his company has been reduced to crores and the shares of his company have gone down by 15%, whoever had invested in Paytm, they have now reduced.

Due to this, the founder of Paytm has also suffered a lot, his net worth will also be down and his rank has fallen in the list of rich, as well as Rakesh jhunjhunwala who is Warren Buffet of India has also been reduced.

Is it right to invest in paytm

Now is the right time to invest in Paytm because now Paytm shares are down, then you will get more shares in work money, now Paytm shares are down, so what happened later Paytm shares can increase anytime

I believe that do not invest as much as you have, invest a little because the share market can be down at any time, rest as you wish.

How use Paytm step by step?

Now we will tell you how to use Paytm, follow it carefully, first of all, after searching Paytm in google play and downloading it, then follow this step.

  1. Launch your Paytm app
  2. Tap on the Profile icon at the top right corner of the screen.
  3. Tap on ‘Create a New Account’
  4. Enter your mobile number, email address and a password.
  5. Tap on ‘Create a New Account’.
  6. You will get an OTP on the mobile number you entered
  7. Once you enter the OTP and click on ‘Submit’, and enter your First Name, Last Name and DOB
  8. Tap on ‘Create Account’
  9. Your account will be created

Paytm how does it work?

Now we will tell you how Paytm earns, how it works, if you have given any online payment, then Paytm deducts the charge from that payment.

This charge is very useful in which you do not know like if you charge 80 paise at your Rs100, that’s how their income is, they charge you a little from every payment.

Who is the inventor of Paytm

Paytm’s inventor Vijay Shekhar Sharma is included in the list of India’s billionaires, he ran Paytm in 2010, he was one of India’s youngest billionaires in 2017, according to Forbes, his net worth is 1.3 billion.

Born on7 June 1978 (age 43 years)
Net worth240 crores USD (2021) Forbes
EducationDelhi Technological University (1994–1998)
AwardYash Bharati
ParentsSulom Prakash Sharma, Asha Sharma
Born inAligarh city Uttar Pradesh (India)

Can I use Paytm without bank account and KYC?

Yes, you can bet anyone online payment in Paytm, for this you do not need to do KYC of bank account, just UPI PIN of your bank account should be created, if UPI PIN of your bank account is not created then your UPI PIN

You can make Paytm from your Debit card, just have to debit card no. You have to enter the last 6-digit key and then you can watch the video on YouTube to know and create your UPI PIN, if you KYC of the bank account, then you can transfer money from Paytm Wallet to your bank, just some charge will take

What is disadvantage of Paytm?

You can be charged up to 4% for transferring money from Paytm to your bank account. If you lose your phone, you may lose your Paytm account because it does not have an email verification id. Using the Internet to pay for things rather than using cash or a credit card.

How to earn from paytm

Paytm Cashback is considered to be the best way to earn money on Paytm, where you can only get a refund by doing online re-payments without any hard work and you can gain more by charging others.

1. PayTM Affiliate Marketing

You should have heard of Affiliate Marketing and this is considered the best way to earn money on all online platforms so you can earn more.

In PayTM you can also benefit by creating an Affiliate Account such as Amazon Affiliate Marketing and Flipkart Affiliate Marketing.

You must sell the product by creating an account and when someone buys the product by clicking on your provided link, you are given a commission and in this way, you can benefit.

To find out more, you can also share a product link on social media so that more people can buy a product from it and your commission will be higher.

2. PayTM Cashback

Everyone knows about PayTM Cashback. Whenever you do any online reloading with PayTM, you get a very good return.

Other than that, even when you shop online with PayTM, you get great discounts and you definitely get some return even after you do everything you do.

This way, you can get the most out of it by adding more rewards. This is exactly the same as the discount offered on other shopping websites such as Amazon, Flipkart, and Myntra. You can buy the best products for even a small amount.

3. Selling Own Products

If you do not want to do Affiliate Marketing, you can also benefit from PayTM by selling your products. For example, whenever you start a new business, through its promotion, you promote your products by going to distant cities, but you can do all this with the help of PayTM sitting at home.

With this, you can sell your products as a retailer by joining PayTM in the PayTM Merchant program, and you can get a good price sitting at home.

By doing this, you can save your time and money, which does not require you to go anywhere and from the top, you can also save travel expenses and benefit from developing your business sitting at home.

4. By Refer & Earn

You should have heard about Refer & Earn and revenue is generated this way in many apps.

In this case, when you share the PayTM app with your friends and when someone installs an app by clicking on the link you provided and it will be charged first, then you will get its money.

And this way you can get more people by sharing this app. When you transfer this app to others, you are given a certain amount of money per person, which you can use in any way.

6. Play Paytm Games

You must have heard this way and there are many such sports apps where you earn money to play games. Similarly, it is in PayTM. At PayTM, you will find many small and large games that you can benefit from playing.

If you want, you can earn lakhs of rupees in these games and you will be amazed to know that you can earn money with PayTM even by playing the Ludo game you play in your daily life.

And at the same time, you can earn money by participating in various tournaments and matches.

Conclusion

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