Integrate Paytm with Odoo in a Snap with Odoo-Paytm Integration App

Odoo

5 MIN READ

May 13, 2021

The world is gradually shifting to a new normal that is defined by a cashless economy. Paytm is one of the most popular options for quick transactions in India. Odoo Paytm integration app offers hassle-free integration of Odoo with Paytm and paves the way for easy online payments by customers. Payments can be accepted via Credit/Debit Cards, Paytm Wallet, UPI payments, Net Banking, and each Odoo website transaction is recorded.

Paytm- A Preferred Mode Of Transaction

Paytm is directly integrated with six top-ranked banks of India and 15 other Bank gateways & networks. This minimizes manual input, reduces dependency on mobile networks, and boosts the speed of transactions. The health of the payment gateways is closely monitored by Paytm (6 times/minute) and the traffic gets rerouted to healthy gateways. The AI-Powered Router of Paytm aids in routing transaction traffic between various payment providers to increase payment success rates.

Why Should You Have Paytm On your Odoo Website As A Payment Method?

Paytm is trusted by millions of Indian users
Versatile, safe, and fast
Pretty simple to install
Odoo Paytm gateway present more payment options for customers
Minimize checkout payment issues
Reduce cart abandonment rate
Minimize COD payment on the Odoo Website
Promote cashless payments

Odoo Paytm Integration App- Features

Paytm integration is done with Odoo in a couple of minutes.
Configure additional settings that include a customized message for failed payment, payment confirmation, etc.
Upon successful configuration, the customers can opt for Paytm as a payment option on the Odoo website.
Paytm becomes live during check-out as a payment method for online payments.
Secure payments can be made for online orders. The customers get redirected to the web page of Paytm for transactions where they can pay through net banking or credit/debit cards.
For payment, transaction details, as well as the two scenarios provided after payment, are generated: Pending and Error. The entire process can be traced by the Admin from the frontend to the backend. The Paytm transaction details are recorded in the Odoo backend.
Ksolves provides free 120 days of support for the app which is applicable from the date of purchase.

How are Businesses Using Odoo Will Benefit From Odoo Paytm Integration?

Easy Checkout With Saved Cards
Customers can easily check out with saved cards which not only assists in minimizing transaction time but also improves the possibility of a customer becoming regular. When it comes to security, Paytm has a dedicated global vault that saves users’ credit/debit card details(stored on a secure cloud). They are audited on a regular basis by trusted authorities like PCI-DSS, NPCI (National Payments Corporation of India). Saved cards and payment instruments can improve the transaction success rate by up to 8%. You can also provide a 1-click checkout experience to customers with the saved card details.

Real-time bank settlements
Merchants always prefer faster settlements for a transaction to be regarded as “complete”. In Paytm, you can go about it in two different ways:

From Paytm Nodal account, it is possible to do a settlement on the same day or in batches at a recurrence determined by the merchant. For example, a merchant can settle his/her funds once a day or once a week, etc.

In case a merchant is unwilling to opt for the Paytm Nodal account route, he/she can do the settlement with a direct transfer to his/her bank account.

Paytm Merchant Dashboard- Business Insights
One of the best advantages of the odoo Paytm gateway integration is that merchants can easily access a visually rich dashboard that provides deep insights at a glance. It is possible to easily track success rates, sale conversions while analyzing customer spending and learn how, when, and how much customers buy.

The following things can be done with the dashboard:

Generate payment links that can be shared through SMS or social media to reach out to your consumer
Distributing funds
Visualizing transactions
Creating invoices
Detailed settlement reports
Easily issuing refunds

Wrapping Up

Paytm integration always makes sense to a business of any size, being one of the most popular online transaction platforms in India. Odoo Paytm connectors are the easiest way to integrate Paytm with the backend(run by Odoo) and Odoo Paytm Integration App smoothly does so with minimum hassle. Contact our experts today for further details!