Paytm Money Franchise is a whole new breed of financial franchisers. They represent the financial advisory and planning segment of Paytm.
And, Paytm as a brand recently gained the market trust. However, with sufficient finding and efficient staff they’ve been doing rather well.
The company came into existence in 2019. And, yet they’re lacking behind their competitors. However, we’ll concentrate our review on their financial franchiser part. And, we’ll do so by elaborating Paytm Money Sub Broker business aspects.
|Paytm Money Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.25,000 – Rs.200,000|
|Revenue Sharing||60% – 80%|
|Payout Time||2 Weeks|
|SB Code Activation Time||15 Days|
What do you know about Paytm Money Franchise?
Paytm Money Franchise as mentioned earlier is a part of the Paytm group. The franchiser was introduced in the beginning of 2019. And, ever since their inception, they’ve been focused on catering the best services.
The credit for their mere existence should be given to Vijay Shekhar Sharma. In fact, Vijay’s unconventional thinking and business wits gives them the edge.
As a financial franchiser, they openly grant new sub broker codes. However, doing so requires them a time of 15 days. And, they even need 2 weeks to process and clear the partners’ dues.
|Paytm Money Business Partner Overview|
|Here is the overview of Paytm Money Franchise|
|What type of Company is it? – Public / Private||Private|
|What is the Broker type?||Discount Broker|
|Where is the Headquarter located?||New Delhi, Delhi|
|Who is the Founder?||Vijay Shekhar Sharma|
|What is the year of establishment?||2019|
|How many days does it take for SB Code Activation?||15 Days|
|How many days/weeks it takes for Payout?||2 Weeks|
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What are the various Business Models does Paytm Money Sub Broker Program provides?
Paytm Money Franchise is definitely new to industry. However, that doesn’t mean they’re unexperienced. In fact, they tend to follow in the footsteps of the leaders.
And, that’s why they grant 3 variants of business model to their partners. We’re referring to the sub broker, remisier and referral models. All the models have their own advantages. And, each of them is suited for a different client segment.
- Sub Broker / Authorised Person
- Partner Program / Remisier
- Referral Program
Paytm Money Sub Broker / Authorised Person
Paytm money franchise sub broker model requires the highest security deposit. It even doesn’t grant any business dominance whatsoever.
Although it allows the provision of certain additional services. And, these services help in gaining and retaining of clients. Furthermore, it even gets the highest commission rates.
Paytm Money Partner Program / Remisier
The second category is that of the remisiers. It seeks less in terms of security deposit. And, it allows the partners to function as individuals. However, the commission granted to the renisiers is the less too.
Paytm Money Referral Program
The third category is that of the referral program. It neither requires any security deposit nor an infrastructure. In fact, it doesn’t engage the partners at all. All one needs to do to capitalize this is give out references.
|Paytm Money Franchise Business Models|
|Know about various Business Models of Paytm Money|
|Is the Sub Broker business model available?||Yes|
|Do they provide Referral Program?||Yes|
|Do they provide Master Franchise Model?||No|
|Does this broker provide Partner / Remisier model?||Yes|
How does Paytm Money Sub Broker Revenue Sharing work?
Paytm Money franchise revenue sharing includes proper distinctions. And, the distinctions are based on the type of the business model opted.
The franchiser even has further distinctions. And, these are based on the arrangements between them and partners.
So, the sub brokers are granted 60-80% of the revenue as commission. The remisiers are granted a commission rate of 30%. And, the referral program grants a commission of 20%.
|Paytm Money Sub Broker Revenue Sharing|
|Find the details of Paytm Money Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||60% – 80%|
|Do they provide revenue sharing or direct pay for Referral Program?||20%|
|How much is the revenue sharing Master Franchise business?||NA|
|How much is the revenue sharing required for Partner / Remisier model?||30%|
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What is the Paytm Money Business Partner Security Deposit requirement?
Paytm Money sub broker investments are necessary for establishing business. We’re referring to the investments related to infrastructures. In fact, these investments even include acquiring certain certifications.
However, not all the investments are to be made by all partners. However, paying a certain security deposit is mandatory for all. The sub brokers are charged with a security deposit between Rs. 25,000-2,00,000.
The remisiers need to pay a security deposit of Rs. 10,000. And, the security deposit requirement for the referral program users is Rs. 999.
|Paytm Money Franchise Security Deposit|
|Check the Paytm Money Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.25,000 – Rs.200,000|
|Is there any security deposit required for Referral Program?||Rs.999|
|What is the initial investment required for Master Franchise Model?||NA|
|What is the deposit required for Partner / Remisier Model?||Rs.10,000|
What are the various Offers rolled out by Paytm Money Authorised Person Program?
Paytm Money Franchise offers include certain perks for their business partners. We’re referring to the benefits they grant to business establishment. They grant the following offers:
- Flexible Revenue Sharing
- Zero Deposit Facility
- 10k Initial Deposit Provision
|Paytm Money Sub Broker Offers|
|Here are the list of Paytm Money Franchise offers available to the clients|
|Do they provide Flexible Revenue Sharing offer?||Yes|
|Are they providing Flat Revenue Sharing offer?||No|
|Do they offer Zero Revenue Sharing model with Prepaid payment?||No|
|Do they provide Zero Deposit scheme?||Yes|
|Are they offering 10k Initial Deposit scheme?||Yes|
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What are the various Supports provided to Paytm Money Business Partner?
The franchiser is well aware of the troubles with new business establishment. Thus, they’ve developed certain programs to help the business partners. These programs help the partners grow their businesses with ease.
Paytm Money franchise support their partners with the following: –
- Acquisition Training
- Product Training
- Dealing Training
- Trading Support
- Marketing Support
|Paytm Money Business Partner Support|
|Here are the various Support Paytm Money Franchise needs to provide to their clients|
|Do they provide Acquisition Training to their associates?||Yes|
|Do they provide Training for Dealers of their sub brokers?||No|
|Are they providing Product Training for their business partners?||Yes|
|Do they provide Back-Office Support for their authorised person?||Yes|
|Are they providing Trading Support to their business partners?||Yes|
|Are they sharing Advisory Support with their partners?||No|
|Does the broking house provide Marketing Support to their sub brokers?||Yes|
Which is the Infrastructure required for Paytm Money Sub Broker Program?
Paytm Money sub broker infra requirements are a necessary part of the business. These help to set up the business fundamentals. And, they even help in maintaining brand integrity.
Anyway, these infrastructures are only needed for sub brokers. Neither remisiers nor referral program users are boud to have these. Here’s what the list includes: –
- The sub brokers must have a proper office space. By proper, we mean a carpet area of at least 100 sq. ft.
- Sub brokers must have working trading terminals. The terminals must be designed and built as per industry specifications.
- The sub brokers must have an active telephone line. This is required for undisputed communication. It even helps with on-call trades.
- Sub brokers must have an active internet connection. This is required for simultaneous online trades. It must be stable enough to handle multiple trades at once.
- The sub brokers may or may not have a staff to support them. This is totally upto their own will.
|Paytm Money Partner Infrastructure Requirement|
|Find the various Infra required to take up Paytm Money Franchise|
|What is the Employee Strength needed to start this franchise?||Not Mandatory|
|Do the Sub Broker needs to provide Trading Terminals?||Yes|
|Is the Internet Connection mandatory to take up franchise?||Yes|
|Are Telephone Lines mandatory for Business Partners?||Yes|
|Is it mandatory to provide Research Services by Sub Broker?||No|
|How much is the size of Office Area required to become a Sub Broker?||Minimum 100 Sqq Ft|
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What are the eligibility criteria to become Paytm Money Partner?
The franchiser is very strict with whom they select as partners. In fact, Paytm Money franchise’s eligibility criteria are a must to follow.
The aspiring partners must be prepared to follow these conditions: –
- All the partners must be in the last 21 years. This age limit is to be verified during the registration. And, the partners must provide valid proof to their age.
- Also, All the partners must be certified to commence business. A verifiable proof should be produced during the registration. And, the certificate must be granted by SEBI itself.
- All the partners must have certain experience in investment planning and trading. The minimum required experience is that of 2 consecutive years.
- And All the partners must have a proper educative background. We’re referring to at least a degree of intermediation. However, a bachelor’s degree is always more preferable.
What is the brokerage charges levied to the Clients of Paytm Money Partners?
Paytm Money franchise has very strict rules about charging the clients. That’s why they’ve developed a unique rate chart for all partners to follow.
Paytm Money partner charges to be followed can be listed as follows: –
|Paytm Money Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Paytm Money Sub Broker to their clients|
|What are Equity Intraday charges?||Flat Rs.20 per Order|
|How much are Equity Delivery charges?||Flat Rs.20 per Order|
|How much is the charge levied on Equity Options?||Flat Rs.20 per Order|
|How much are the Currency Options charges?||Flat Rs.20 per Order|
|What are Equity Futures charges?||Flat Rs.20 per Order|
|What are the charges levied on Currency Futures?||Flat Rs.20 per Order|
|What are the charges levied on Commodity Trading?||Flat Rs.20 per Order|
What is the Account Opening Charges Levied to the clients of Paytm Money Sub Broker?
Paytm Money franchise charges are even unified for new account openings. It’s charged as following: –
- Account opening charges are limited to Rs. 300 per client.
- The clients are charged at Rs. 250 per annum for Demat AMC.
- Also The clients are charged at 0.00310% for all transactions.
- There is no specific limit for minimum margin money balance. This means that the clients may even have a zero balance.
|Paytm Money Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Paytm Money Franchise to their clients|
|What are the Account Opening Charges?||Rs.300|
|What is the Margin Money required?||Zero Margin|
|What is the charge for Demat AMC?||Rs.250 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00%|
What is the Customer Ratings of Paytm Money Authorised Person Program?
We’ve tried to portray Paytm Money franchise ratings within the chart above. It shows the following results: –
- 3.2/5 for the revenue sharing model.
- 3.4/5 for security deposit provisions.
- 3.2/5 for their experience.
- 3.3/5 for their trading platforms. This even includes their mobile application.
- 3.3/5 for the offers they grant to partners.
- 3.3/5 overall.
|Paytm Money Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Paytm Money|
|According to Revenue Sharing Model of the Franchisor||3.2 / 5|
|Ratings as per Security Deposit provided by the company||3.4 / 5|
|As per Experience in the Sub Broker Business||3.2 / 5|
|As per Offers provided by the Broking Franchise||3.3 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||3.3 / 5|
|Overall Ratings of the Sub Broker Franchise||3.3 / 5|
Paytm Money Franchise Conclusion
We like to say that Paytm Money Franchise is way ahead of its competitors. And, the rating they’ve earned proves this statement. So, you can very much trust them and their services.
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