Paytm wallet load charges now 4.35%, Better alternative???

[Dharm]

Recently Paytm started charging 4.35% on credit card wallet loading. Previously it was 2.35%

What are the better alternative now with cheaper rate.

Any suggestions?

 

[Walter White]

Recently Paytm started charging 4.35% on credit card wallet loading. Previously it was 2.35%

What are the better alternative now with cheaper rate.

Any suggestions?

Did you transfer money from wallet to bank?

 

[Dharm]

No, just thinking to load wallet, and after that may be transferring to bank

 

[Das.N]

It's showing 2.35% for me.

 

[Das.N]

Not sure what you did wrong so that Paytm imposed that penalty on you.

 

[D₹V]

Recently Paytm started charging 4.35% on credit card wallet loading. Previously it was 2.35%

What are the better alternative now with cheaper rate.

Any suggestions?

Depends on user to user

 

[_na_cheese]

It's 4.35 for people who have transferred money from wallet to bank previously.

It was 4.35 for me last month.
So I did not transfer from wallet to bank in previous month

And this month it has come down to 2.35% for me.

I don't know the details specifically if it's month to month or any other time frame.

 

[_na_cheese]

For alternative you can try payzapp.

It's 2.35 I think.

Or mobikwik
Its 2.5 there.

 

[sxchzy]

Mobikwik is best option at 2.5%+ gst

 

[Dharm]

Not sure what you did wrong so that Paytm imposed that penalty on you.

I have transferred 2 times in last 1 year from Paytm, last transaction done 1.5 month ago

 

[D₹V]

I have transferred 2 times in last 1 year from Paytm, last transaction done 1.5 month ago

There is cashback offer too of 2-3%

Check that.

 

[sxchzy]

For me it is 3.35 foor visa and 3.95 for amex

 

[Dharm]

There is cashback offer too of 2-3%

Check that.

That's why I transfered 1.5 month ago, and today also trying due to that, as that is showing in my wallet. But after seeing 4.35, I cancelled that idea to transfer money

 

[vm999]

I have transferred 2 times in last 1 year from Paytm, last transaction done 1.5 month ago

Penalty will stay for 3 months. After that the loading charges will come down

 

[sv004]

Payzapp also 2.5 plus gst

 

[_na_cheese]

That's why I transfered 1.5 month ago, and today also trying due to that, as that is showing in my wallet. But after seeing 4.35, I cancelled that idea to transfer money

Try next month and don't do wallet to bank till then.

Use wallet money to pay bills or merchant (iykyk) payments

 

[sxchzy]

Try loading via a third party app they have a cheaper rate possibly

 

[Dharm]

Penalty will stay for 3 months. After that the loading charges will come down

Means if we transfer 1 time, charges goes up, and then come down after 3 months, right?

Just checked my last transferred date was 27 aug 23 for Rs. 10000( which is approx 2 month)

 

[Kumar93196]

Same i am also getting 4.35% charges 😑😑 while adding money to paytm from idfc cc

 

[Dharm]

Try next month and don't do wallet to bank till then.

Use wallet money to pay bills or merchant (iykyk) payments

No money in wallet, was using via Rupay card UPI from last 2 months, but some small merchant does not support card UPI payment( I do not know , why?, may be due to some MDR charges)

Rarely use Paytm postpaid, getting cashback offer for wallet load, so thought why not reload that and use for small merchant, and can transfer unused money to bank, if required.