What is Paytm Soundbox and How does it Work?

The Paytm wallet was introduced in 2014 by Paytm, an Indian e-commerce payment system and digital wallet Start-up. Many customers, shops, and others use it frequently to transfer and make payments quickly. 

Now that offline payment processes are being streamlined, Paytm has launched a new gadget, the Paytm Soundbox, designed for both stores and customers. 

What is Paytm Soundbox?

The Paytm Soundbox is a voice-activated point-of-sale device that will notify you when a successful payment has been accepted by declaring the value aloud.

Simply put, the Paytm Soundbox will notify you in real-time when the transaction is complete, rather than relying on an SMS.

Customers have several payment options, including Wallets, UPI, and Net Banking, which they can utilize from any UPI app like Amazon pay, BharatPe, Google Pay, PhonePe, etc.

Your Paytm QR Code is assigned to this gadget, which will notify any transactions you collect after scanning it. 

In a nutshell, for your daily payment alerts, it functions as a compact, portable speaker.

Benefits of Paytm Soundbox

• It provides a loud alarm sound and an Instant Payment notification, thus helping the vendor and customer for immediate payment confirmation.
• You can tap the function button to repeat the most recent transaction.
• Paytm Soundbox receives payments from all the UPI and wallet apps like G-pay, Amazon pay, MobiKwik, etc. Therefore, it is compatible with all the platforms.
• It also supports several languages, thus allowing you to receive confirmations in the language of your choice.
• Perhaps the most crucial benefit is that it gives real-time alerts, which eliminates the possibility of fraud.
• Moreover, it also saves a lot of money for both the business and the customer, as they don’t need to verify from the customer’s smartphone or wait for a Message.

Features of Paytm Soundbox

Here are some of the unique features of the Paytm Soundbox that you should check out to understand its proper functioning and usage. 

• Paytm Soundbox comes with the MediaTek MT6261 SOC processor, which helps maintain seamless connectivity and efficiency even after multiple payments.
• The highest power it can handle is 5V at 1.5A means an ordinary person can use any charger with an output of 5V or 1.5A.
• Since the Sound Box does not have a battery, it must always be plugged into a power supply, which is one of its limitations as well. 
• Paytm Soundbox comes with a package, including a wire, an AC power adapter, and a sim card.

How to order Paytm Soundbox Online?

Now let’s check out the step-by-step process to order a Paytm Soundbox online:

• First of all, open Paytm mall using this link.
• You now have the choice between paying the entire amount at once (Rs. 1,999) or buying it on EMI by paying ₹ 499 and ₹ 125 monthly for a year.
• Pick your chosen SIM and the language you like to get notifications.
• Enter your location information and then hit the Continue button.
• Lastly, pay using your suitable mode.
• Within a few days, your Soundbox will be shipped to you.
• Once you have the Soundbox, you must utilize it and plug it in because the SIM has already been pre-mapped.

How does Paytm Soundbox Works?

There are many queries in the mind of merchants about what they will get in the box and how it will work. You will receive a sim when you order the Soundbox; however, you are free to use any sim you like. Only when you place an order do you need to provide all the details; the business already has everything installed. 

Moreover, you don’t need to do anything. Simply turn it on and use it right away. As you receive a SIM with your order, you don’t even need to operate Wi-Fi in such a scenario.

Now, after setting up the Soundbox, you are ready to receive alerts on the Soundbox.

When a customer uses Soundbox’s QR code to make payments, Soundbox will immediately notify you that the transaction was successful.

Instance : The Sound Box will notify aloud, “Received ₹500 successfully,” if a customer scans the QR code at your outlet and sends you ₹ 500. It has a designated SIM card slot and utilizes 4G connectivity, which keeps it constantly online and allows it to handle transactions on your behalf.

However, companies are now installing Paytm card machines alongside sound boxes. You can accept the customer’s payment using any card from this. Additionally, with this, invoices may also be produced. With a contactless card, a transaction arrangement enables the card to make the payment without putting the passcode.

Paytm Soundbox 2.0

The latest Internet of Things (IoT)-based payment systems from Paytm, Soundbox 2.0, and Paytm Smart POS for Android phones are unveiled. 

The firm began its story as a leader in QR-code-based payment technology and has since branched out into IoT payment devices with products like Soundbox, All-in-One Android Pocket POS, and Paytm All-in-One Android EDC devices. Over the next six years, the company hopes to integrate five crore traders into the market and provide 5 million IoT devices to enterprises.

Introducing Soundbox 2.0, the most recent iteration of Paytm’s ground-breaking Internet of Things device Paytm has strengthened consumer confidence in electronic payments.

The new Paytm Soundbox 2.0 differs in many areas compared to its previous version. This innovative gadget has a networked screen that provides immediate visual confirmation of the money paid in addition to the voice-based response. 

Moreover, retailers can retrieve the transaction report for the entire day by tapping the “function button” twice. As it enables businesses to keep track of all transactions and simplifies all day-to-day payments, this gadget is helpful for all types of businesses, from little street vendors to giant retailers.

Along with voice-based validation, the Paytm Soundbox 2.0 smart gadget allows retailers to record the net amount corresponding to their collection. 

A message like “Today’s summary for Paytm QR code: Received 25 payments of ₹200, completed six refunds of 50, Net amount to be paid is equivalent to ₹80” might be played on the smartphone during the closing hour, for instance. 

Furthermore, it indicates if the battery is completely charged or running low. The device features a SIM card slot and a 2000 Mah battery, which can function without a Wi-Fi signal.

How to set up Paytm sound box 2.0?

• The Paytm for Business App will require retailers to sign up before directing them to install the “Paytm Smart POS” application for their Android-based smartphones.
• After downloading, retailers can begin accepting money from customers by pressing the card on the smartphone’s back.
• In addition to the QR transactions, the transaction is obtained and added to the merchant’s account.

The company intends to add more regional languages, including Marathi, over the coming several months, but it currently supports five languages, including English, Hindi, Tamil, Telugu, and Kannada. It has Paytm All-in-QR, which enables businesses to take an infinite number of payments at 0% rates into their bank accounts.

Now let’s move on to understand the benefits of the Paytm Soundbox 2.0 that make it unique from other devices.

Benefits of Paytm Soundbox 2.0

• The retailer gets an adapter plus a charging cable with Soundbox 2.0.
• It allows the retailers to get on-screen confirmation along with voice confirmation.
• There is no need to check your mobile to verify the payment. It saves lots of time, and merchants can concentrate on customers and their sales.
• On-demand replays of the most recent transaction and the day’s payments in a pre-activated state when delivered.
• When the Soundbox is delivered to you, it is already pre-linked to your Paytm business account.
• There is a separate customer care number (0120-4440440) for any delivery or product-related issues.

Conclusion

Paytm Soundbox is a convenient device for the outlets and businesses that daily deal with many customers.

Soundbox is like a savior for these types of businesses because when you are dealing with many customers, it is next to impossible to verify and see every transaction from your smartphone.

Additionally, it is not expensive. You can buy it from Paytm mall after paying a small amount as a down payment and then paying in small installments.

It works like a volunteer for your business who notifies you whenever you receive payment successfully.