As per business partner terms and conditions and its already mentioned at the bottom of the image in bold words.For merchant account???
Okay thanks..my paytm account is business/merchant account but I'm not merchantAs per business partner terms and conditions and its already mentioned at the bottom of the image in bold words.
Bro I suggest you don't ever use ur merchant account for doing credit card cash purpose, otherwise ur merchant account will be blocked. The monitor all transactions very thoroughly and if they observe any anomalous activities then they will block ur merchant account. Use only for small payments. Telling you from my experience.Okay thanks..my paytm account is business/merchant account but I'm not merchant
Okay bro and thanksBro I suggest you don't ever use ur merchant account for doing credit card cash purpose, otherwise ur merchant account will be blocked. The monitor all transactions very thoroughly and if they observe any anomalous activities then they will block ur merchant account. Use only for small payments. Telling you from my experience.
If do it again and again several times then they will definitely block ur merchant account.I load money to my friends Paytm wallet through my SBI Credit Card then transfer that wallet balance to my Paytm merchant account which is linked to my HDFC savings account.
Will they track my usage and stop my account?
Btw I'm not a merchant
But i see on internet that lot of people using this trick to convert cash from credit card.If do it again and again several times then they will definitely block ur merchant account.