Accept Subscription Payments Effortlessly
Mutual Fund SIPs
All Banks supported via NPCI’s eNACH.
ICICI, Kotak, Citibank Canara Bank & Standard Chartered Debit Cards supported.
All VISA, Mastercard, Amex & All Indian Cards
All Paytm Wallet users can setup Subscriptions
Paytm Postpaid (Coming soon)
All UPI Collect, Intent and Push flows
Subscription payments are meant for services/products that are consumed on an ongoing basis and for which payments are to be made (as recurring payments) at fixed intervals without any explicit payment action at the customer’s end.
Merchants with recurring payment business models like OTT platforms, Utility Bill payment providers, Edutech companies, BFSI companies in Lending, Insurance, Investment, Credit Card payments space, and more require their customers to pay them periodically. Paytm Subscriptions helps them provide the most seamless experience to collect recurring payments automatically from their customers.
No. You will need to trigger the Renew Subscription API with the subscription ID provided at the subscription creation time. After that, the customer gets debited, and we share an acknowledgment with you. This renewal trigger is to be sent by the merchant, and the customer needs no intervention in the renewal process.
here are multiple points of notifying a user in the Subscription payment journey:-
i. Subscription Registration: Paytm does not send any notification to the user.
ii. Pre-notification before collecting the repeating payment: RBI mandates pre-notification for UPI and Wallet pay modes to be sent by the issuing bank at least 24 hours before the recurring payment deduction. You get the option of a pre-transaction notification, which can be enabled, post which Paytm will request the issuing bank to send a message to the user before the actual debit. Paytm will send these notifications to the user via email/SMS. For variable amount subscriptions, we suggest using the pre-notify API to specify the actual amount of debt. For cards and mandates, you can ignore this step. However, we recommend you to send notifications at least a day before the debit.
ii. Recurring Payment Collection: By default, we do not send these notifications, and we recommend you to send them; however, you can request Paytm to trigger these notifications on your behalf. Please reach out to our 24/7 merchant helpdesk; we will enable the same for your account.
Paytm's subscription payment gateway offers the flexibility of skipping renewal cycles, in which the validity of the subscription remains intact, and you can continue to charge the customer in their later cycles.
The count of active subscription payment contracts per customer is a configurable limit. The maximum limit is five subscription payment contracts per customer per merchant.
There is no limit on the grace period. If you set the grace period as three days, the retries are done thrice in three days if the first collection request's retry is not successful. We recommend keeping this for three days with one retry each day.
This number depends on the grace period set for your retries. If you set the grace period as three days, the retries are done thrice in three days if the first collection request's retry is not successful. We recommend keeping this for three days with one retry each day.
Fetch Subscription Status API provides the status and details of the subscription payment being asked. E.g., Active, Init, Expired.
Fetch transaction Status API returns the requested OrderID such as Pending, Failed, or Success.
S2S callback is sent for - ACTIVE, EXPIRED, AUTHORIZED, AUTHORIZATION_FAILED, and REJECT(if the user has canceled the subscription) states.
You have the option to cancel the existing subscription and create a new subscription with the required features at ease. Customers have the flexibility to cancel their subscription payments from the merchant app or the Paytm app if the customer is logged into the Paytm app during the time of subscription creation.