Paytm is a mobile payment processing app from Indian company One97 Communications.
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Worldline Global Collect
Score 5.0 out of 10
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Ingenico’s Payment Orchestration Platform is an interface to manage multiple integrations on a single platform. It helps users optimize payment strategies and eliminate payment friction across all channels.
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Pricing
Paytm
Worldline Global Collect
Editions & Modules
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Offerings
Pricing Offerings
Paytm
Worldline Global Collect
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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Community Pulse
Paytm
Worldline Global Collect
Features
Paytm
Worldline Global Collect
Payment Gateways
Comparison of Payment Gateways features of Product A and Product B
Paytm is extremely well suited for lunch reimbursements and for paying road tolls. Paying road tolls is so easy using a Paytm money balance. loading money takes less than a minute. Lunch reimbursement amounts are directly transferred to Paytm wallet and these can be used in thousands of places. Paytm can improve its eCommerce portal and simplify the KYC process. Also, the app is a bit cluttered as of now. There is scope to make the app more modern and simple.
Ingenico ePayments is probably one of the biggest players in the world of Payment Gateways. It provides a lot of out-of-the-box features and payment solutions that are always appreciated by any consumer. It's PSD2 compliant and works worldwide, so you don't have to worry if your website is going international. Integration, however, could be tricky if you are not using a technology supported by the platform.
One of the not so convenient things on Paytm is that if there is a connection failure while making a payment, your money is not credited directly to your bank account but rather to the Paytm Wallet, and this money can only be used by the Paytm platform.
In Paytm, user verification requires a personal visit to their physical offices, this can generate a lot of discomfort among potential users since if we want to use a virtual service it is precisely to encourage time saving.
You should be very careful when making purchases through Paytm's direct store, since in many occasions there are products of lower quality than the one offered and even fake products, it is better to use it to make payments to third parties and in considered amounts.
When I inquired about payment gateway I found lots of platforms but all have differences. When I compared with Razorpay I found that Razorpay takes fix 2% charges for all types of payments received on your account while Paytm takes max 2.5% charges for Prepaid card and 0 for UPI and Rupay cards. Razorpay takes 2 days to settle the amount in your account where Paytm settles the amount in your bank account next day by morning.
Thye are kinda like the bigger company of the one we talked to with the most robust network and the biggest employee count. They were that "oil tanker" in the industry. With that we had a lof of features, but also it felt like they were not on the cutting edge of features in technology.
It decreased checkout time for the user which allowed us to increase user experience.
Rarely, I used to face issues with transactions. If order got cancelled refunding of money, settling them etc.,
Since Paytm has link with UPI and I am able to collect money from any UPI applications, using credit or debit card, and internet banking it acted as single stop solution for me. There is no need to have multiple payment gateway options.
