PayNearby is one of the oldest and most trusted companies in India. It currently has more than 50,00,000 retailers across India. Talking about the service, you can provide services like AEPS, DMT, MICRO ATM, Mobile Recharge, DTH recharge, Electricity Bill, Fastag Cash Collection, Insurance, Travel, etc. from major. Various businessmen are earning a lot of money with the help of this app. Retailers, distributors, individuals, and self-help groups are able to generate a good amount pf income from PayNearby
How much can you earn as a retailer?
Retailers can earn and also save a lot with the help of PayNearby. Retailers can upgrade their digital set of tools by PayNearby, they can improve their store and manage their credits, customers, and payments more effectively. They can even merge with PayNearby financial and online retail services to increase their income. Through all this, they can earn more than Rs. 25000 a month.
Retailers can calculate their earnings by the Retailer earning calculator. Let’s make a basic income model of retailers on the basis of the income calculator given on the website.
| Banking services | no. of times services provided | Amount (in Rs.) |
| money transfer (average transaction of Rs. 4500) | 1 | 22 |
| adhaar ATM- AePS (Avg transaction of Rs. 3500) | 1 | 8 |
| Micro ATM (Avg transaction of Rs.3500) |
1 | 8 |
| Mini Statement | 1 | 1 |
| Utility Services | ||
| Mobile Recharge | 1 | 2.1 |
| DTH Recharge Avg transaction of Rs.250 |
1 | 5 |
| Micro ATM (Avg transaction of `3500) |
1 | 0.25 |
| Gas BP Avg transaction of Rs.800 |
1 | 0.25 |
| Water BP Avg transaction of Rs.280 |
1 | 0.25 |
| Credit Card BP Avg transaction of Rs.5000 |
1 | 25 |
| Postpaid Avg transaction of Rs.600 |
1 | 0.5 |
| Fastag Recharge Avg transaction of Rs.800 |
1 | 0.8 |
| Insurance | ||
| Savings Khata Insurance(New issuance) Avg transaction of Rs.1000 |
1 | 65 |
| Bike Insurance Avg transaction of Rs.1682 |
1 | 100 |
| Group Personal Accident Avg transaction of Rs.700 |
1 | 95 |
| Travel | ||
| Bus Avg transaction of Rs.500 |
1 | 28 |
| Domestic Flight Ticket Avg transaction of Rs.3500 |
1 | 42 |
| Rail AC Avg transaction of Rs.1500 |
1 | 40 |
| Rail Non AC Avg transaction of Rs.750 |
1 | 20 |
| Cash Collection (Agent, Group & Customer Collection from 60+ partners) | ||
| Agent Collection Avg transaction of Rs.50000 |
1 | 85 |
| Group Collection Avg transaction of Rs.25000 |
1 | 42.5 |
| Customer Collection Avg transaction of Rs.4000 |
1 | 3 |
| Earn More | 1 | |
| Amazon Easy Store Avg transaction of Rs.500 |
1 | 48 |
| PAN Card Avg transaction of Rs.72 |
1 | 2 |
| Gift Cards Avg transaction of Rs.500 |
1 | 15 |
| Entertainment subscription (Zee5) Avg transaction of Rs.99 |
1 | 7 |
Per day income= Rs. 666
Total Monthly income =Rs.19,989
These are some basic values that we assumed if you are able to make a single transaction of all the services each day you will be able to earn this amount.
You can calculate your own income based on your capability on the income calculator available on the PayNearby website.
How much can you earn as a Paynearby distributor?
Paynearby Distributors get a significant amount of commission on every service provided by the retailer.
A distributor can receive up to 18% return per month.
They can earn the highest industry commission on each sale their retailer completes. You can easily generate an extra Rs. 40,000 to Rs 60,000 in monthly income with just 5-7 retailers in your network.
If they bring in additional retailers, they can increase their profits much more. Additionally, they will also save a lot as they can work from anywhere and they do not require any kind of warehouse, inventory, or manpower. Distributors can calculate their income from the distributor income calculator given on the PayNearby website.
Let’s make a basic income model for retailers on the basis of the income calculator given on the website.
| Banking services | no. of times services provided | Amount (in Rs.) |
| Money transfer (average transaction of Rs. 4500) | 4 | 34.2 |
| Aadhar ATM- AePS (Avg transaction of Rs. 3500) | 4 | 3 |
| Micro ATM (Avg transaction of `3500) |
4 | 3 |
| Utility Services | ||
| Mobile Recharge | 1 | 0.28 |
| DTH Recharge Avg transaction of `250 |
1 | 0.5 |
| Electricity BP Avg transaction of `700 |
1 | 0.5 |
| Gas BP Avg transaction of `800 |
1 | 0.5 |
| Water BP Avg transaction of `280 |
1 | 0.5 |
| Credit Card BP Avg transaction of `5000 |
1 | 5 |
| Postpaid Avg transaction of `600 |
1 | 0.5 |
| Fastag Recharge Avg transaction of `800 |
1 | 0.24 |
| Insurance | ||
| Savings Khata Insurance(New issuance) Avg transaction of `1000 |
1 | 15 |
| Bike Insurance Avg transaction of `1682 |
1 | 8 |
| Group Personal Accident Avg transaction of `700 |
1 | 10 |
| car insurance avg transaction of rs.590 | 1 | 28 |
| travel | ||
| Bus Avg transaction of `500 |
1 | 50 |
| Domestic Flight Ticket Avg transaction of `3500 |
2 | 15.4 |
| Rail AC Avg transaction of `1500 |
3 | 15 |
| Rail Non AC Avg transaction of `750 |
2 | 10 |
| Cash Collection (Agent, Group & Customer Collection from 60+ partners) | ||
| Cash Collection Avg transaction of `4000 |
1 | 2.8 |
| Earn More | 1 | |
| Amazon Easy Store Avg transaction of `500 |
1 | 8 |
| PAN Card Avg transaction of `72 |
1 | 1 |
Income per day per retailer = Rs.213
Monthly income per retailer = Rs.6390
Total monthly income if you have 6 retailers in the network = Rs.38340
This model is based on some basic assumptions of the number of services a distributor can provide with the help of retailers. You can calculate your own income based on your capability on the income calculator available on the PayNearby website
How much can you earn as an individual or in a self-help group with Paynearby?
With the help of PayNearby individuals and self-help groups can start their own businesses without any investment in property, simply from their homes.
They can provide digital commerce and financial services and become PayNearby, Digital Pradhan. On every transaction, they would be able to make money. They can even take their own home-based business online on PayNearby and grab some extra customers. Through all this, they can earn more than Rs. 15000 per month.
There is an income calculator for individuals and self-help groups that they can check on the PayNearby website.
| Banking services | no. of times services provided | Amount (in Rs.) |
| money transfer (average transaction of Rs. 4500) | 1 | 22 |
| adhaar ATM- AePS (Avg transaction of Rs. 3500) | 1 | 8 |
| Micro ATM (Avg transaction of Rs.3500) |
1 | 8 |
| Mini Statement | 1 | 1 |
| Utility Services | ||
| Mobile Recharge | 1 | 2.1 |
| DTH Recharge Avg transaction of Rs.250 |
1 | 5 |
| Micro ATM (Avg transaction of `3500) |
1 | 0.25 |
| Gas BP Avg transaction of Rs.800 |
1 | 0.25 |
| Water BP Avg transaction of Rs.280 |
1 | 0.25 |
| Credit Card BP Avg transaction of Rs.5000 |
1 | 25 |
| Postpaid Avg transaction of Rs.600 |
1 | 0.5 |
| Fastag Recharge Avg transaction of Rs.800 |
1 | 0.8 |
| Insurance | ||
| Savings Khata Insurance(New issuance) Avg transaction of Rs.1000 |
1 | 65 |
| Bike Insurance Avg transaction of Rs.1682 |
1 | 100 |
| Group Personal Accident Avg transaction of Rs.700 |
1 | 95 |
| Travel | ||
| Bus Avg transaction of Rs.500 |
1 | 28 |
| Domestic Flight Ticket Avg transaction of Rs.3500 |
1 | 42 |
| Rail AC Avg transaction of Rs.1500 |
1 | 40 |
| Rail Non AC Avg transaction of Rs.750 |
1 | 20 |
| Cash Collection (Agent, Group & Customer Collection from 60+ partners) | ||
| Agent Collection Avg transaction of Rs.50000 |
1 | 85 |
| Group Collection Avg transaction of Rs.25000 |
1 | 42.5 |
| Customer Collection Avg transaction of Rs.4000 |
1 | 3 |
| Earn More | 1 | |
| Amazon Easy Store Avg transaction of Rs.500 |
1 | 48 |
| PAN Card Avg transaction of Rs.72 |
1 | 2 |
| Gift Cards Avg transaction of Rs.500 |
1 | 15 |
| Entertainment subscription (Zee5) Avg transaction of Rs.99 |
1 | 7 |
Per day income= Rs. 666
Total Monthly income =Rs.19,989
Conclusion
All data and the amount are calculated based on various assumptions. You can earn less or even much more than what is illustrated in this blogpost, according to various circumstances such as the area or the networks you have.
Ruchi Arora is a writer at trickyfinance covering various topics related to finance and cryptocurrency. This includes the latest news, events, reviews and various other information. Besides writing, she has a huge interest in designing and sketching.
