From collecting payments to reconciling them, the biggest players in the e-commerce market havenât had a smooth and easy climb to the top of the hill. The smartest companies in the market are working day in and day out to increase their operational efficiency while optimizing their performance.
The e-commerce market has numerous players, which means, thousands of buyers and sellers and thereby multiple collections and payouts. Along with the pros of this, there are also numerous hurdles faced by the businesses.
For Instance, refunding the Cash on Delivery (COD) customer orders or payouts of gaming rewards or winnings to the customers can be a tedious task. Or in some cases, rewarding brand influencers for product marketing via vouchers or gift cards. Perhaps, for rental e-commerce services to refund security deposits can be a complicated task. Or even, reconciling the payments received from various modes can be a challenge.
This also leads to more manual effort and maneuvering complicated dashboards or APIs to just reconcile information from different sources. To add on to these tasks, businesses need to ensure 100% compliance with the RBI regulations.
This is where Paytm Payouts steps in!Â AÂ single platformÂ solution to integrate and support the various business payouts.
Be it vendor payouts, customer cashbacks or instant refunds, businesses can automate their payouts using a single dashboard. From sending out Payout Links for cash on delivery refunds to reconciling all payment modes under one roof, all that needs to be accessed is the Paytm Payoutsâ simple dashboard.
Paytm Payouts provides a single mechanism to easily reconcile and manage the business transaction cycle, with a user-friendly interface and a simple dashboard.
Following are the benefits for a business opting for Paytm Payouts:
- High transaction success ratio
- 100% compliance
- Automated reconciliation and accounting
- Instant settlement, refunds and cashbacks
- Single interface, eliminating the need to integrate multiple partners
Paytm Payouts is an easy solution to manage your vendor invoicing, business expenses, bill payments along with quick financial reconciliation.