Paytm has added a 2% fee for adding funds on wallet using credit card

[Bapun]

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)

Announcing few changes in Paytm Wallet – Paytm Blog

 

[Sarkar]

For some strange reason paytm charges 52p for Paytm wallet payment but only 7p if we use debit card for Railway UTS of Rs25. So telebrand Slogan applies here : Choose wisely live well  :lol

 

[Abhi]

Worst Move:dodgy

 

[Bapun]

Keeping the millions of customers and merchants interest as utmost priority, we have decided to suspend the 2% fees and will continue to build a series of features to curb such misuse.

We will introduce new features to prevent credit card misuse in add money