In the first four parts of this series, we explored the convenience of installing the Paytm app on your smartphone and setting up your Paytm account for easy bill payments, how easy it is to earn Paytm points and redeem these points for fantastic rewards, and the fact there is absolutely no fee or hidden charge. As I wrote in part 4, it doesn’t cost you money to use Paytm, it saves you money.
Paytm is an app that sits on my Android phone, and if I’m solely judging it on the technology, ease of use, functionality and rewards, it’s a winner. But what about the company behind the app? What about the people? I rode my bike to the Paytm Labs in downtown Toronto to meet the hard-working Canadians behind the service.
I spoke with several Paytm employees, from developers to QA to Customer Care, and what I witnessed was great passion for the service. Not only do these proud Canadians service Canada, but they also service Paytm clients overseas.
There’s a true sense of entrepreneurial spirit with inspiring icons celebrated throughout the office. When you think about it, the Paytm app is designed to help everyday Canadians with their personal finances. It’s something that affects every Canadian adult from the Pacific to the Atlantic. The technology and security is great, but the people are even better.
At Paytm, you can see they work hard, but you also see they value work-life balance and encourage play and, my personal passion, cycling to and from the office.Paytm.ca.
In the first three parts of this series, we explored the convenience of installing the Paytm app on your smartphone and setting up your Paytm account for easy bill payments, and how easy it is to earn Paytm points and redeem these points for fantastic rewards. In this fourth part, I will answer the question you’re pondering right now.
When you install the Paytm for your Apple or Android device, there is no cost. The app is completely free. As explained in part 1, you can have it installed and set up with your bills and payment accounts (credit card or bank account) in minutes.
When you make a bill payment, using your credit card, bank account or Paytm Cash, there is absolutely no service fee or surcharge. If your hydro bill is $74.22, you will pay $74.22. That’s the amount that will be charged to your credit card, or withdrawn from your bank account. Not a penny more.
I have personally been using the Paytm app to pay all of my bills since October 2017, and it hasn’t cost me an additional cent. But it’s certainly made me money, as I’ve earned many points on my MasterCard that I’ve redeemed for free groceries, I’ve earned Paytm cash that I’ve applied toward other bills, and I’ve earned thousands of Paytm points that I’ve redeemed for free rewards like Starbucks and Cineplex gift cards.
It doesn’t cost you money to use Paytm, it saves you money. That’s because Paytm is completely transparent with regards to how they make money. They don’t actually make any money through bill payments. They make it through their rewards. When you purchase a reward card from any of their vendors, Paytm makes money. So when you pay your bills, collect points and redeem rewards it’s a win-win for everyone!
Install Paytm today and give it a whirl. Paytm’s app is available for your smartphone now at Paytm.ca.
In part one of this series, we explored the convenience of installing the Paytm app on your smartphone and setting up your Paytm account for easy bill payments, and in part two I explained how easy it is to earn Paytm points. In this third article, I’m going to show you how you can redeem your Paytm points for rewards.
In my Paytm app there’s a handy audit trail of all the points you’ve collected. As you’ll see from the screen cap below, I have 16,341 points. It seems I have some shopping to do!
Dozens and dozens of rewards are instantly available in the Paytm app from brands you already love. It’s a serious who’s who of brands, with more being added all the time. Here’s a brief list of some of the gift cards available.
- Tim Hortons
- Best Buy
- Hudson’s Bay Company
- Warby Parker
- Amazon Canada
- Air Canada
- Winners / HomeSense
I told you there were a lot! That’s just a taste of what’s available right now. With my current 16,341 points I could reward myself with three free $5 Tim Hortons gift cards. That’s free donuts and coffee for doing something I have to do anyway. And, to be completely honest, I’d have switched to Paytm for the convenience alone.
At this point, you’re likely thinking this all sounds too good to be true. It’s more convenient, has helpful notifications so you never miss a bill payment, is easy to use while allowing you to use your credit card and gives you points that enable you to get great free rewards―there must be a fee or service charge or additional cost of some kind, right? We’ll explore this in part 4 of our series on Paytm Canada.
Spoiler alert: there are none. Paytm’s app is available for your smartphone now at Paytm.ca.
In part one of this series, we explored the convenience of installing the Paytm app on your smartphone and setting up your Paytm account for easy bill payments. In this second article, I’m going to explain how I collect points doing something we all need to do anyway.
There are actually multiple ways I earn points with Paytm Canada. In a very real sense, I’m double-dipping, and it’s completely legal. The first way I earn points is from Paytm Canada, who reward you for every dollar you spend on your bills. For example, if I pay a $117.35 bill (not a random number but an actual bill I just paid with Paytm minutes ago), I receive 118 points. At this moment in time, I have 16,341 points that I can instantly redeem for rewards. I’ll delve deeper into these rewards in part 3 of this series.
There are additional ways to collect points from Paytm in addition to simply paying your bills. For example, you can refer the app to a friend and collect 5,000 points and you can earn bonus points for paying three and five different bills in a single month. And now you can conveniently "set it & forget it". Amazingly, Paytm has gamified bill payment.
In addition to the points you earn with Paytm, there’s Paytm Cash. This is actual money, and you can earn it via the app and then apply it to your bills or the Paytm Rewards. Rest assured your Paytm Cash is safe and secure within the app, as protected as your transactions.
I mentioned I was double-dipping, and that’s because I pay every single one of my bills with my MasterCard credit card, even when that vendor doesn’t accept credit card payment. I can do this because I pay all of my bills via Paytm. Since I pay every bill with my MasterCard, I earn points with the credit card company that results in free groceries. So not only am I collecting Paytm points I can redeem for rewards, but I’m collecting points on my credit card. I love double-dipping, and if you have a credit card that collects points, you can double-dip too!
Of course, I don’t pay every bill with my credit card. Once a month, I have to pay off my credit card, and apparently financial institutions frown upon the idea of paying your credit card with your credit card. For that one bill, I use my bank account. I still get my Paytm points, though!
You’re likely wondering what you can do with all your Paytm points. I’m going to explain Paytm rewards in part 3 of this series. Paytm’s app is available for your smartphone now at Paytm.ca.
As I write this review of Paytm Canada’s bill payment app, I’m listening to Destiny’s Child. “Bills, Bills, Bills” from 1999’s The Writing's on the Wall, naturally.
Can you pay my bills
Can you pay my telephone bills
Can you pay my automo-bills
If you did then maybe we could chill
I don't think you do
So, you and me are through
It’s the great equalizer. From the CEO to the person who waters the plants, we all have to pay bills. Here’s a glance at the bills I personally pay on a regular basis.
- Property taxes
- Mobile phone
- Natural gas
That, sadly, is merely a taste. It’s something we all have to do and it seems each bill is being paid a different way with a vast variety of alert and reminder systems. For example, my property taxes can’t be paid via credit card, so that one would be paid manually online with my bank. Then, there’s the insurance, which would be paid via direct deposit. The telecom vendor accepts credit card, but if you’re not set up for automatic payments, you’re set up for late fees.
I first learned about Paytm Canada in October 2017 when it was introduced to me as app “for people to stay on top of their bills”. I decided to install the app and see how it worked. I’m glad that I did.
The first thing that struck me about the Paytm app is the convenience. I was set up and paying my bills in minutes. They literally have over 5000 billers in their database and I found each of mine easily.
I quickly linked my credit card to my Paytm account, as it’s my preferred method of bill payment, and then my bank account, so that I could pay my monthly credit card bill. I like to pay with my MasterCard credit card because I earn points with it, which I can redeem for free groceries. I’ll elaborate more on this in part 2, but this feature alone would be sufficient reason to migrate all of your bill payments to Paytm.
As a savvy tech user, I’m always concerned about security, especially when finances are involved. At Paytm, they don’t store any of your credit or debit card information on their platform. They use the same encryption technology that most Canadian banks use, which means that your personal card information cannot be accessed. The highest level of security is employed.
An additional convenience is the notifications you’ll receive on your smartphone when a bill is coming due. No matter where in the world I am, I’ll get the notification to pay my telecom bill and a few taps of the phone later I’ve paid it with my credit card. Late fees become a distant unhappy memory.
Even better is Paytm’s new feature “Set it & Forget it”. You can now automatically set up your bills for payment. You simply input the bill amount and recurring frequency (weekly, monthly, etc), select your preferred payment method (which can be different for each bill) and then have the peace of mind knowing that your bills are being paid and you get to collect points for free rewards.
Imagine a free app that’s easy to install and configure while enabling you to pay all of your bills via credit card, bank account or Paytm Cash (more about his in part 2!) with minimal effort and helpful notifications. Now imagine if this app were able to gamify bill payments so that paying your bills became fun and rewarding. You’ve just imagined Paytm Canada, available for your smartphone now at Paytm.ca.
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