RakaKaKaka
Adept
Does paytm have zero fee on adding money through Credit card and sending it to a bank account for a kyc pytm account which allows upto 1 lakh a month? not able to find info on paytm website.
Paytm has zero fee on adding and withdrawing money ?
- Thread starter RakaKaKaka
- Start date
0%. Checked. Till Paytm Bank comes out.
Looks like a lot of people were misusing it. They've changed it now. Adding money via credit card will attract 2% charge which will be refunded via gift vouchers.
https://blog.paytm.com/announcing-few-changes-in-paytm-wallet-e85f3761f17d#.wn3ue28uv
https://blog.paytm.com/announcing-few-changes-in-paytm-wallet-e85f3761f17d#.wn3ue28uv
Well, expected. But the 2% charge is a dick move. Instead, enforce limits on the money. I will avoid using Paytm now.
RakaKaKaka
Adept
yeah it was a easy way to add 2 lakh from credit card and then earn interest and points on it. Surprised they took so long. however they never inform customers about these transaction fee changes and it sucks. Once their offers start drying up i doubt the company can sustain. The bank wallets offer better support and follow standard procedures.
They only allowed up to 25K per month to bank...
bssunilreddy
Skilled
It's better to always go with normal banks facilities than any 3rd party site. Paytm was initially meant for recharges & shopping.
RakaKaKaka
Adept
for a merchant account it was 1-2 only, i had read that on their website.
For KYC its 25K and for non KYC 20K limit to transfer to bank account.
For merchants its flat 1.8% on total amount, no limit, direct to account.
RakaKaKaka
Adept