Large Payment Collection

Collect & Reconcile Bank Transfers With Large Payment Collection

Let Large Payment Collection manage your collections while you focus on your business growth.
Let Large Payment Collection manage your collections while you focus on your business growth.
Generate custom Virtual Account Numbers & start collecting payments from your customers
NEFT
RTGS
IMPS

Choose Large Payment Collection, Choose Productivity!

Create Custom Virtual Accounts For All Your Customers With Ease
Assign unique, branded, and easy to remember VANs for your customers.
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 payments.
Automate Bank Transfers Reconciliation & Tally Like A Pro
With Large Payment Collection working as your personal accountant, just sit back and focus on growing your business.
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.

A Complete Payments Product, Engineered For Your Growth 👍

Bank Transfer Flow That Fits Your Business Requirements

Share VANs to collect one-time payments, recurring payments, and even crowdfund your campaigns/social initiatives.

Why Choose Large Payment Collection?

Robust Payments Collector For Distributors

Distributors can utilize Large Payment Collection to reconcile inbound bank transfers received from thousands of customers in a day. Transaction reconciliations are instant, ensuring retailers never run out of cash for buying inventory faster.

Get Large Payment Collection as your

Personal Accountant Today

One Simple Payment Plan
You pay
1% or ₹50

1% or ₹20

whichever is lower on payments you received withLarge Payment Collection. GST charges extra.

Leverage The Large Payment Collection Advantage

  1. Automate Payments Via NEFT/RTGS/IMPS.
  2. Create Unlimited Virtual Accounts.
  3. Onboard Quickly & Seamlessly.
  4. Access Useful Insights With Robust Dashboard.

Looking for Integration with Website or App?

Get Paytm Payment Gateway for your Business
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Do not have a Website or App for your Business?

Request money from the customers with Payment Links
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Frequently Asked Questions

Current payment methods such as Credit/Debit cards, UPI bank transfer, etc., are not suitable for bulk payments. At the same time, IMPS bank transfer/NEFT bank transfer/RTGS bank transfer does not support mass reconciliation. Paytm Large Payment Collection aims to replace cheques, demand drafts, traditional bank transfers via IMPS bank transfer, NEFT bank transfer, and RTGS bank transfer in the business collection space.

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

Yes, customers can visit their bank and fill out an RTGS bank transfer or NEFT bank transfer form with the beneficiary details provided by the Merchant or Paytm and initiate a transfer from their bank account. Customers, however, cannot deposit cash into a virtual bank account.

Here's an example: Number: 10SONY123456RAHUL1, IFSC: PYTM0123456, which is a fixed identity. Name: One97 Communications Limited, which is a fixed identity. The Account number is 16 characters (numeric and letter combination). The partner bank fixes the first two; the next four characters represent the company prefix selected by the merchant at the time of the payment mode configuration to their business account.

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

A virtual account can be closed/deactivated from the Business Dashboard or by using the API. Once a virtual account is in a closed state, customers cannot make payments to that account. Once the virtual account is closed, we automatically refund all payments back to the source.

Paytm Large Payment Collection initiates an instant refund to the user on the bank account details provided at the transfer time. The refund destination information like Bank account number, IFSC code, and bank account name is automatically available in the dashboard and refund APIs.