Remove Paytm Merchant Account
Text of Complaint by Bharath: Hi, Sub:Paytm removed my merchant Privileges. I am Bharat I was small entrepreneur recently paytm is removed my merchant privilege due to this my business in trouble after having conversation with paytmcare to reactivate account for making transaction every from merchant to bank account they 2 percentage.So,in this case my business is loss.Help out regarding. Transaction from my paytm merchant wallet to my bank account on 22 Feb 2018,this amount should be settled on 22 Feb 2018 in my bank account bt not credit. Then I thought that there may be technical issue the so my amount will be settled in bank account in next day bt after waiting 2 days the amount not credit in my bank account.
Paytm, One97 Communications Ltd has been very popular nowadays. They have added the local businessmen to use their payment app also. Thus every store we see accepts Paytm. Previously there were no restrictions for accepting payments. Paytm merchant account charges are our topic today.
Paytm has quoted a limit for accepting payments. They started dividing it into the sub-payments option. The categories were UPI, Credit card, Debit card, Paytm Payments Bank, Paytm wallet etc. You can accept till limit for free after that you will be charged this was the concept.
What was the charge percentile earlier in Paytm Merchant accounts?
Paytm merchant account charges are zero for UPI and Paytm Payments Bank. Earlier it was the same. But for Paytm wallet, there was a charge percentile of 0.84%. A registered business can accept payments up to Rs 50000/- per month using Paytm wallet as a payment method, from customers.
What are the Paytm merchant account charges now?
The charges has been not been reduced. But the company has set a limit. After crossing the limit, merchants have to pay charges. The updated charges are given below:
- For Paytm Wallet, the charge is 0.84% but this charge will be applicable after accepting more than Rs 20000/- per month.
- UPI charges are 0%.
- For Paytm Payments Bank, the charge is 0% too.
Paytm Wallet charges
Previous options are pre-activated for any Paytm merchant account. Let’s discuss the additional payment methods available in Paytm for Merchants.
- Paytm Postpaid charges: 1.99 percent
- Credit Card charges: 1.99 percent
Paytm Postpaid Charges
Paytm For Business Credit Card Charges
For debit cards, the charge is divided
- For payment amounting less than Rs 2000/- the charge is 0.4%
- Payments more than Rs 2000/- will be charged 0.9%.
Frequently asked questions:
Is the charge mandatory?
-Yes, the charge is mandatory for every Paytm merchants who are accepting payments on Paytm.
How to check my Paytm Merchant Account charges?
-You can check your merchant account charges by clicking the left corner menu in Paytm for business app> then go to limits and charges. All of your account charges will be shown there.
Paytm Postpaid Bank Transfer Trick.
Contents Of This Post
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Things Required :
1. Paytm Merchant Account With Option Accept From Postpaid.
2. Paytm Postpaid Balance.
Note : Don’t Use Self QR For Sending Postpaid, Exchange With Friends Otherwise They Might Block Account As Self Transfer Not Allowed In Case Of Merchant. (Optional – We Are Transferring At Rs.2 Per Rs.100 i.e, 2% Charges Read Below At Bottom Of Post)
How To Transfer Paytm Postpaid Balance In Bank :
1. Download And Update Paytm App : CLICK HERE
2. Create Paytm Merchant Account From Here : CLICK HERE(Skip If Already Have)
3. Now Check You Merchant Accept Payment From Postpaid Or Not. (Follow Below Screenshot For Help)
Remove Paytm Merchant Accounting
4. If Accepting Then Scan Your QR And Make Full Payment According To Postpaid Balance And Get That Money Instantly In Bank.
Benefit : Example If You Have Rs.10,000 In Postpaid Then You Can Transfer Whole Amount In Bank By Following Above Step And Enjoy Amount For 30 Days Without Interest.
Tip : You Can Deposit This Rs.10,000 In Fixed Deposit On Your Bank Through Internet Banking And Earn Upto 7.10% Interest, If Not Need For Daily Use. You Need To Return On Due Date To Paytm
When You Need To Return Paytm Postpaid Balance :
Bill Date Of Paytm Postpaid Is 1st Of Every Month And Due Date Is 7th Of Every Month. So, Enjoy Amount For 30 Days Without Interest.
How To Transfer Credit Card Balance In Bank :
You Can Make Payment Of Above Postpaid Amount On Due Date Or Before That Using Your Credit Card. So, Repeat Above Above Step And Transfer You Credit Card Amount In Bank.
Step : Example You Have Rs.10,000 Postpaid Limit Then Make Of Rs.10,000 Using QR Code As Said Then Make Payment Of Above Rs.10,000 On Due Date Of Before Using Credit Card. Repeat Till You Need.
Want To Transfer Money From Credit Card To Bank Then Message Us At 2%. Charges :
From 1st June 2019 Onwards, We Are Transferring Your Credit Card To Bank (Not Payt Posrpaid) At 2% i.e. Rs.2 For Rs.100. Message Us On Facebook Page For Deal : CLICK HERE
