17 October (Language) Paytm, a provider of digital payments, will now charge two percent for adding money to a wallet with a credit card.
Till now if a consumer had added more than 10,000 rupees to his wallet in a month with a credit card, then only two percent fee had to be paid.
As soon as a consumer goes to the option of adding money to their Paytm wallet with a credit card, they get a message from the company, “A nominal fee of two per cent is applied for adding money using a credit card. When you add money using a credit card, we pay a high fee on your bank / payment network, which is why you are being charged this nominal fee. Please use UPI or debit card to avail the service without charge. ”
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According to the message, Paytm is also offering a cashback of up to Rs 200 for adding at least Rs 50 to the wallet using a credit card.
When contacted, a spokesperson of Paytm Payments Bank said that consumers have other options to add money to the wallet using UPI, net banking and cards.
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