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If you do not have money in your bank account, know Paytm, Mobikwik and Amazon’s pay letter service

These days, many companies are offering ‘Buy Now Pay Later‘ in the country. In this episode, the country’s big digital wallet Paytm, Amazon Pay  and MobiKwik are also offering the Buy Now pay letter. Under this service, the company gives a credit limit to its users. Users can spend within the credit limit and pay the outstanding amount after 15 or 30 days.

Shop with Paytm Postpaid, pay after one month

Paytm, the country’s largest e-wallet company, has named the ‘Buy Now Pay Letter’ service as ‘Paytm Postpaid’. Paytm Postpaid gives a credit limit of up to 1 lakh rupees to its users. Users can spend within the credit limit and make the payment next month. You can use Paytm postpaid service in recharge, bill payment or shopping etc. on the Paytm app. The special thing is that Paytm postpaid users can also shop at grocery stores near them.

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The company has introduced three variants of Paytm postpaid. It has three variants – Lite, Delite and Elite. There is a limit of Rs 20,000 in postpaid light with which Convenience Fee will be added to the monthly bill. Postpaid Delight and Postpaid Elite are coming with a monthly credit limit of Rs 20,000 to Rs 1 lakh. There is no convieni fee in them.

Shopping with Mobikwik ZIP, pay the bill after 15 days

Mobikwik has named the service ‘Buy Now Pay Letter’ as ‘ZIP’. ZIP service is limited to users only. How much credit limit you will get through ZIP depends on your transaction behavior. ZIP can be used within the Mobikwik app and at all merchants that accept Mobikwik as a payment option. The special thing is that ZIP can also be used to load money in Mobikwik wallet.

Amazon Pay Later: Shop Now, Pay After One Month

E-commerce company Amazon is also offering ‘Buy Now Pay Letter’ service. The company has named this service ‘Amazon Pay Later’. Amazon Pay Letter Service can be used on Amazon.in or Amazon App. You can use this Amazon initiative, from everyday essentials to utilities like household appliances, electronic gadgets, everyday essentials, groceries, electricity bills, mobile and DTH recharge. However, you cannot use this service to buy gift cards or to load money in Amazon Pay balance.

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