Paytm would charge 2% for loading Paytm Wallet through Credit Card from July 2019

Sushubh

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looks like they are going to charge 2% from next month. not sure what privilege customers are.
 

raj2007

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Got the answer from here
Paytm Payments Bank
Who are Classic customers?
Customers are categorised as Classic customers on the basis of an analysis of their account usage patterns. A customer whose account is flagged upon observation of anomalous activity conducted such as circumvention of wallet to bank charges (as mentioned in Paytm Payments Bank) while transferring money from wallet to bank - will be categorized as a Classic customer.
Who are Privilege customers?
All customers who are not categorised as Classic customers, as mentioned above, will be categorised as Privilege customers.
 


raj2007

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Added 100 INR today to wallet. Got the full amount credited. Hope i'm a privilege customer:p
 

vishalrao

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I guess the commission amount will be deducted when you actually make a payment.
 


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lol not really. the amount should be debited right away while adding to wallet. Paytm is legally obliged to inform every customer's regarding this. I didn't receive an email or text. I added 2500 via amex just now. Paid a merchant 900 , no fee , nothing.

I am guessing this is only for those who missuse Paytm services (like adding money and then transferring to bank for RP , and finding tricks to do it free.

Normal cx's shouldn' t be getting any prob.
 

Sushubh

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Yup. It should show the 2 percent charge at the time of funds deposited to wallet like they do when you transfer wallet funds to bank.
 

Sushubh

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Just tried adding using credit card. No extra charge was shown to me as well. Otp paid showed the amount I had entered.
 

igloo

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To the customers who would be charged must have received sms by now. So all who don't are safe n privileged.
 
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