Field Executive
1 week ago
- Customer Payment: A customer presents their debit card, credit card, or mobile for payment.
- Data Capture: The merchant swipes, dips, or taps the customer's card on the Paytm EDC machine.
- Transaction Authorization: The EDC machine captures the card details and sends a request to the customer's bank via the payment network for approval.
- Transaction Completion: If approved, the payment is completed, and a receipt is printed.
- Settlement: Funds are then settled into the merchant's Paytm business wallet.
Key Features and Benefits
- Multi-Payment Acceptance: Paytm EDC devices support various payment methods, including debit cards, credit cards, UPI, Paytm Wallet, and Net Banking via QR codes.
- Seamless Payment Processing: The machine simplifies the payment process, making it faster and more convenient for both customers and merchants.
- Easy Reconciliation: Merchants can use the Paytm for Business app to track and reconcile all their sales in a single platform.
- Business Management: The integrated software can offer additional store management features like inventory, invoicing, and sales reporting.
- Instant Settlement: Unlike some other systems, EDC transactions through Paytm can offer instant settlement into the merchant's wallet.
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