How to Set up Automatic Payments For OTT on Paytm?

Automatic payments for OTT platforms are important as they provide uninterrupted entertainment by ensuring timely payment of subscriptions. Paytm offers the convenience of setting up automatic payments for OTT platforms, allowing users to avoid the hassle of remembering and manually making payments. This is particularly beneficial for annual subscriptions, which are popular due to their cost-effectiveness. By automating payments, users can enjoy their favourite content without the worry of missing payment deadlines.

What are Automatic Payments?

Automatic payments for subscriptions mean your money is paid on its own, without you having to do anything every time. For example, if you have a Netflix or Amazon Prime subscription, the payment will be taken from your bank account or card automatically on the day it’s due—whether it’s every month or once a year. This way, your subscription stays active and you don’t have to remember to pay or worry about missing a payment. It’s an easy way to keep enjoying your favourite services without any extra effort.

What Are Subscription Payments?

Subscription payments are a type of payment that you make regularly for a product or service you use regularly. For example, you might have a subscription for a streaming service like Netflix, where you pay a certain amount of money every month to access their movies and TV shows. Or you might have a subscription for a magazine, where you pay a certain amount of money every month or year to have the magazine delivered to your home. 

Paytm has a feature that makes these payments easier. It lets you set up automatic payments for OTT platforms, like streaming services. You choose how often you want to pay, like once a month or once a year, and Paytm will automatically take the money from your bank account on time. It also sends you reminders and notifications of the payment. This way, you can keep enjoying your subscription without any interruptions.

How to Set up Automatic Payments on Paytm for OTT Platforms?

Setting up automatic payments for OTT on Paytm is quick and easy. The best part? You often get notified 2-3 days before the payment is automatically deducted, sometimes along with special offers! This gives you enough time to add funds to your payment method if your balance is low, so your subscription never gets interrupted.

Step 1: Open the Paytm app on your phone.

Step 2: Tap on your profile icon in the top left corner.

Step 3: Tap on ‘UPI & Payment Settings’, then scroll down and either find ‘UPI settings’ at the bottom or tap on ‘Automatic payments’.

Step 4: On the Automatic Payments screen, tap ‘Other Automatic Payments and Subscriptions’.

Step 5: Now, click ‘Setup Now’ and choose your OTT subscription from the list.

Step 6: Enter your mobile number and tap ‘Proceed’. If there’s any offer available, apply it and continue to payment.

Step 7: Select your bank account, enter your UPI PIN, and you’re done! Your automatic payment for that OTT subscription is now set up.

OR

Here are the steps involved in using UPI AutoPay on Paytm:

Step 1: Open UPI app like Paytm that supports the AutoPay feature.

Step 2: Choose the service provider for whom you want to set up AutoPay.

Step 3: Provide the necessary permission to the UPI app to automatically deduct payments from your designated bank account or UPI-linked account.

Step 4: Specify the frequency of payments, such as weekly, monthly, or any other interval provided by the biller or service provider.

Step 5: Determine the payment amount for each transaction.

Step 6: Once you have set up AutoPay, you will receive a confirmation or acknowledgment.

Step 7: Going forward, the UPI app will automatically deduct the specified amount from your designated bank account on the set frequency.

Note: Remember that the specific steps and options may vary slightly depending on the UPI app or bank you are using for UPI AutoPay.

What Are the Benefits of Paytm Automatic Payments?

• Paytm offers the convenience of setting up automatic payments, allowing you to easily schedule and manage your bill payments, OTT subscriptions, and other expenses.
• With Paytm, you will receive timely notifications and reminders about upcoming payments, ensuring that you never miss a due date or incur late fees.
• You have the flexibility to choose any linked bank account within Paytm for making automatic payments, making it convenient and hassle-free to handle your financial transactions.

By enabling Automatic bill payments on Paytm, you can ensure that your payments for OTT subscriptions are always made on time without any manual intervention. Simply set up the automatic bill payment feature on Paytm and free yourself from the worry of making timely payments and incurring late fees. Additionally, Paytm sends regular notifications to keep you informed about your payments.

Paytm Recurring Payments for OTT

Paytm makes it easy to manage your OTT subscriptions with recurring payments. When you set up recurring payments on Paytm for your OTT services, your subscription fee is automatically charged at regular intervals—monthly or yearly—without you having to pay manually each time. This means your favourite shows and movies keep streaming without any interruptions.

Recurring Payments vs. Automatic Payments: Are They Different?

Many people use the terms recurring payments and automatic payments interchangeably, but there’s a slight difference between them:

Automatic Payments (Autopay) mean that the payment amount is automatically deducted from your chosen payment method (like your bank account or card) without you needing to approve each payment every time.

Recurring Payments simply mean that you are billed on a regular schedule — like every month or every year — for a service or subscription.