Table of Contents
Does Paytm wallet charge?
All transactions of loading money into wallet via Credit Card will be charged up to 2.5\% (inc. For example: If a user adds INR 8000 to his Paytm Wallet using Credit or Prepaid Card in a month, spends INR 2000 for payment using Paytm and takes INR 5000 or more from the remaining amount to bank account in the same month.
How much does Paytm earn per transaction?
Paytm offers smart payment solutions for online businesses. The payment solutions allow them to accept online payments through Paytm. The payment option comes with no setup fee and maintenance charges. However, the company charges a commission of 1.99\% on every transaction.
How much money can transfer from Paytm wallet to bank account?
You can transfer up to Rs. 20,000 per month from Paytm to your Bank Account. This limit applies to minimum KYC (Rs. 20,000) wallet while Full KYC (Rs.
What is difference between Paytm wallet and Paytm bank account?
The main advantage of Paytm wallet is you can do the payments digitally, instead of taking cash everytime you can complete any type of payments from Paytm wallet to wallet. You can use any type of debit or credit card to load the money into your wallet and you can even send back the money to your bank account.
How can I transfer Paytm wallet money to my bank account?
Follow these simple steps to transfer your money from Paytm to your bank account
- 1Open the Paytm app & Tap on ‘Passbook’
- 2Select ‘Paytm Wallet’
- 3Select ‘Send Money To Bank’
- 4Tap ‘Transfer’
- 5Enter the amount & bank details.
- 6Confirm the transfer.
- 7Its done! Money transferred successfully.
Can we withdraw money from Paytm wallet?
To withdraw money from the ATM, first, you have to open any UPI app (GPay, BHIM, Paytm, Phonepe, Amazon) on the smartphone. After this, you will be asked for a 4 or 6 digit UPI PIN, after which you will get from the cash ATM. In the beginning, you will be able to withdraw only Rs 5,000 at a time like this.