Is there any charge in Paytm wallet to wallet transfer?
Paytm is a digital payment platform that allows people to transfer money to anyone instantly to anyone at zero cost using the Paytm Wallet and Paytm BHIM UPI.
How can I transfer money from Paytm wallet to Paytm without fees?
Steps to Send Paytm Money to Bank Account
- Open the Paytm app.
- Tap on ‘Passbook’.
- Select ‘Paytm Wallet’.
- Select ‘Send Money To Bank’.
- Tap ‘Transfer’.
- Enter the amount & bank details (Account No. IFSC code etc.).
- Confirm the transfer.
- Money is transferred successfully.
Can we transfer money from wallet to wallet?
Currently, customers can transfer money from a wallet to another if both are on the same platform. While money can be transferred from one wallet to another on a different platform, it normally takes place through Unified Payments Interface (UPI) where the wallet is linked to a bank account.
How much does Paytm charge per transaction?
Paytm Payment Gateway charges for your business
| Instrument Type | MDR |
|---|---|
| UPI – Subscription | Rs. 5 per mandate* |
| Credit Cards | 1.99\% |
| Debit Cards | Rupay – 0\% Mastercard and VISA – 0.4\% for transaction amount below Rs. 2000; 0.9\% for amount greater than Rs. 2,000 |
| Paytm Wallet | 1.99\% |
Why is Paytm charging for bank transfer?
Paytm offers you a platform to pay or transfer money through different modes of payment. However, when you transfer money from your wallet to a bank account, we charge a fee to cover the cost of adding money to your wallet. Hence, Paytm wallet to bank transfers are chargeable at 5\%.
Is Paytm transaction free?
According to Paytm’s schedule of charges, any transactions less than ₹10,000 can be done for free. For transactions greater than ₹10,000 in a month, the digital payments firm will charge you an amount of 1.75\% plus GST.