All You Need To Know About The Payworld Commission Structure!!
Payworld is a unique business opportunity where you can earn money with very low investment. A consumer can do transactions by visiting Payworld retail touch points and paying in cash. Allowing you to start your business with as low as Rs 1000 only, Payworld solemnly believes in ‘Invest Less, Earn More’. However, commencing your own business online requires undertaking many challenges and decisions that need to come together at the right time. The barriers to entry into the online market is much lower than the traditional businesses. The margins are a priority for all retailers looking for business online. Payworld is one such option that aims to help the masses to have an opportunity to dwell into digital or online business. With Payworld starting your business requires nothing more than a smart phone with net connectivity. You can opt for the services as per customer demands. Initially, on registration only two services – Mobile Recharge and DTH Recharge are available without any activation cost. To avail the other services, one needs to pay a activation fee which differs service to service. One can increase their trading limit by Online payment methods like Net Banking & Debit Cards and never let the business opportunity missed.
Services Offered by Payworld –
1. Money Transfer
2. Rail E-Ticket
3. Bill Payment
4. Mobile Recharge
5. DTH Recharge
6. Air Reservation
7. Bus Reservation
8. Hotel Booking
9. Insurance (Health, Life, General & Travel)
11. GST Filing
12. Digital Wallet
13. MPOS / Mini ATM Device
14. Cash Management Service
How the Payworld Commission Structure Works?
Whenever a customer uses Payworld service through the retailer, the retailer earns a percentage of transaction amounts as profit. Payworld offers a specific commission structure for all services. For example, a customer asks for a recharge of Rs. 100. Payworld offers a commission of approximately 0.5%-3% on mobile recharges. Keeping this in mind, the retailers earn 50 paise – Rs 3 on one transaction. Higher the number of transactions, higher the commission earned.
Commission Structure for Specific Services-
1. Money Transfer – upto 1.00%
2. Rail E-Ticket – ₹ 7 – 18 per ticket
3. Bill Payment – upto ₹ 4 per transaction
4. Mobile Recharge – 0.50% – 3.00%
5. DTH Recharge – 0.50% – 3.00%
6. Air Reservation – 0.01% – 5.00%
7. Bus Reservation – 0.01% – 5.00%
8. Hotel Booking – 7 %
9. Insurance (Health, Life, General & Travel) – 10% – 20%
10. E-Shopping – 1.50% – 6.50%
11. GST Filing – Launching Soon
12. Digital Wallet – 0.3%
13. MPOS / Mini ATM Device – upto ₹ 2 per transaction (for withdrawal)
14. Cash Management Service – ₹ 5 – 25 per transaction
*Commission rates subject to change.
*These are indicative values only.
Why Choose Payworld?
With presence in over 630 cities in India, Payworld has engraved it’s name in over 1 lakh retail outlets for carrying out the business and provides assistance to low income group in day to day activities. Payworld offers an intelligent electronic transaction processing platform where the customer can perform transactions by visiting the retail outlets and by paying in cash. These retail touch points uses Payworld’s application that can run on Laptops, Computers or Android smartphone.
Payworld also has an 100% subsidiary called Payworld Money. Payworld Money is an RBI approved PPI (Pre-Paid Instrument – Digital/Mobile Wallet) issuer which has users doing domestic money remittances through the assisted mode and one that facilitates secure payments. Payworld mainly focuses on reaching out to the unbanked population for more cashless transactions making the financial inclusion task easier for the government and the users.