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Paytm iCollect

Collect & Reconcile Bank Transfers With Paytm iCollect

Use iCollect from Paytm All-in-one Payment Gateway to issue Virtual Account Numbers (VAN) to your customers. Accept payments via NEFT, RTGS, or IMPS. Get notified for every payment collected and automate reconciliation.
Receive Monthly EMIs, Fees, Rent, Bills & a lot more
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Bank Accounts
Create Custom Virtual Accounts For All Your Customers with Ease

Assign unique, branded, and easy to remember VANs for your customers

Debit Card
Automate Bank Transfer Reconciliation & Tally Like A Pro

With Paytm iCollect working as your personal accountant, just sit back and focus on growing your business

Credit Card
Track Payments & The Purpose For Which They Were Made

Track with customer VAN, Bank UTR, or Paytm Order ID and identify the purpose of the payment

Paytm Postpaid
Manage Cash Flows For Your Business With Quick Settlements

Get customer payments settled for NEFT, IMPS, or RTGS transactions in your bank account timely and seamlessly

Choose Payment Method

Create VANs & share it with customers to receive payments

  • Account
  • Customer
  • Details
  • Received
  1. Let’s get started Create VANs through API or Smart Dashboard
  2. Add details Enter Details such as Customer’s Name, Mobile or Email, Purpose and upto 5 more custom fields to identify your customer
  3. Share to customers Share VAN Details with your Customers and they can Easily Pay via IMPS, NEFT or RTGS
  4. Get Notifications Instant Notifications on every Payment Received
  1. Let’s get started Creative VANs through API or Smart Dashboard
  1. Add details Enter Details such as Customer’s Name, Mobile or Email, Purpose and upto 5 more custom fields to identify your customer
  1. Share to customers Share VAN Details with your Customers and they can Easily Pay via IMPS, NEFT or RTGS
  1. Get Notifications Instant Notifications on every Payment Received
Choose iCollect, Choose Productivity
Automate Reconciliation for NEFT, RTGS & IMPS payments with Paytm iCollect
Smart Dashboard
Smart Dashboard
Check details of all payments & download reports through our Smart Dashboard
Easy Onboarding
Limitless VAN Creation
Real Time Notifications
24x7 Help
Webhook Configuration
Configure a webhook/callback in your account, through our APIs.
Get notified every time you receive a payment in your account against any VAN.
A Complete Payment Product, Engineered For Your Growth
Loan Repayments & Payment Reminders
Wholesalers & Distributors
School & Coaching Fees
Medical & Surgical Fees

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Create Invoices to collect Online Payments for your business
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Frequently Asked Questions
How can a customer make a payment to a virtual account?

The customer can make a transaction to the bank account via a simple NEFT, RTGS or IMPS transaction from their preferred internet banking portal.

Can a customer make payment to a virtual account via an offline transaction?

Yes, customers can visit their bank and fill out an RTGS or NEFT form with the beneficiary details provided by the merchant or Paytm and initiate a transfer from their bank account.

Note: Customers cannot deposit cash into a virtual account number.

What does a virtual account look like?

Account number is 16 characters (numeric + letter). The first two characters are fixed by Paytm partner bank, the next four characters represent the merchant brand prefix selected by the merchant. The next 10 ( last 10) can be any alphanumeric character chosen by the merchant, customized to build recall and recognition for the end customer. Here's an example:

Account Number: 10SONY12345RAHUL

IFSC: PYTM0123456, which is a fixed identity.

Name: One97 Communications Limited, which is a fixed identity.

Can I create virtual accounts in bulk?

Yes, one can create virtual accounts in bulk. This functionality is available on the Paytm Business Dashboard as well as via APIs.

How to close a virtual account?

A virtual account can be permanently closed or temporarily deactivated from the Business Dashboard or using the API. Once a virtual account is in the closed or inactive state, customers cannot make payments to that account. Paytm will automatically refund all payments made to a closed or inactive virtual account back to the source.

How will refunds be processed on virtual bank accounts?

Refund destination information like Bank account number, IFSC code and bank account name should automatically available in dashboard and refund APIs. An instant refund will be initiated to the user on the bank account details provided at the time of transfer. However, there are some cases where a refund to the source is not possible. In such cases, the merchant needs to provide the bank details to which the refund needs be processed. Once the bank account details are provided, we will post the refund in that bank account.

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Start the next chapter in your growth.
Accept payments from your customers with unlimited iCollect
Upgrade Business Collection with Paytm iCollect
When it comes to large incoming payments, it becomes essential for businesses to reconcile payments effectively while ensuring efficient payment settlements. And it requires a lot of manual efforts along with robust systems, which ultimately increases administrative costs.
Paytm iCollect makes collecting large volumes of customer payments via IMPS, NEFT, and RTGS a lot easier as well as efficient. Here merchants can generate on-demand virtual bank account numbers (VANs) using Paytm business dashboard or APIs to collect payments from customers. These VANs are linked to merchants’ bank accounts registered with Paytm. An excellent alternative to traditional methods such as checks and demand drafts, this unique platform from Paytm is a boon for B2B payments which is a better way to collect customer payments with easy reconciliation.
Automate Reconciliation For Incoming Payments
Reconciling payments is a challenging task for most businesses. Right? When you receive payments from various sources, it becomes difficult to track the transaction and the reasons for the same. Now merchants can reconcile different incoming payments as well as track the receivables through Paytm VANs. Also, this smart collect feature helps you match incoming payments to customers in real-time while eliminating manual payment reconciliation to save more cost.
Do More Than Just Accepting Payments
Do not just accept payments, when you can track, manage, and do more using Paytm iCollect. It helps you manage payments better by effectively mapping virtual accounts. Merchants can utilise it for one-time payments, categorised payments, or recurring payments as per their business needs. It gives you the power to manage your online payments seamlessly while offering customers the freedom to pay via any of their preferred modes. With Paytm iCollect, merchants can ensure every payment in real-time.
The Right Payment Mode For Any Business
With the real-time creation of virtual bank accounts, instant reconciliation, and on-demand payments, Paytm iCollect is the right fit for your business. This mode of payment is highly useful for educational institutions, hospital payments, and setups where the amount of B2B payments is usually large. It works well in different scenarios like one large payment or multiple periodic payments, making your business payments collection process fast, flexible, and simple. So, start with iCollect to accept & manage large business payments while growing your business online.
Enhanced Security Through Virtual Accounts
Paytm iCollect allows you to add an extra layer of security to your business. While a new virtual bank account is created for each customer, merchants can ensure secure and seamless payments for their business. It becomes more convenient for them to track, manage, and collect payments using virtual bank accounts. Merchants can better track customer payments with dedicated VANs, along with improved control and visibility.