they claim this is to stop abuse.
Announcing few changes in Paytm Wallet
I am not sure what a discount coupon means here.
PS: Based on a comment made by a user later in this thread... If you use a virtual card paid using debit card, it is still considered as credit card so you are still charged extra.
Announcing few changes in Paytm Wallet
To avoid this misuse, we are making some changes in our terms. There will be no fee when you shop on Paytm or pay for any utilities using your Credit Card or any other payment option but to avoid the misuse highlighted above, we will put 2% fee (inclusive of taxes) only on adding money to wallet using credit cards while adding money using any other payment option remains free. However, this 2% fee charges on credit card would be reversed in the form of a discount coupon for same amount which will be issued within 24 hours of adding money effectively giving you this fee back. This hopefully keeps unintended misuse of our platform away and as a consumer you still enjoy our services at no extra cost.
2% discount coupon will be sent within 24 hours of adding money using credit card. This change applies from March 8th. (Note: You will get a gift coupon by an email & SMS within 24 hours. You need to add more than Rs.250 using a Credit Card to be eligible for this offer)
I am not sure what a discount coupon means here.
PS: Based on a comment made by a user later in this thread... If you use a virtual card paid using debit card, it is still considered as credit card so you are still charged extra.
Last edited: