Everything You Need to Know About Paytm’s Newly Added Charges.

Paytm is an e-commerce payment system trusted by millions of users with a value of $10 billion in the previous year. The mobile wallet company, Paytm recently released a list of all charges, when you add money via credit card or from e-wallet to your bank account.



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Paytm Wallet
Newly added charges in Paytm

We can assume that the company is going to lose quite a number of its users by the recent modifications made. Though transactions less than 10,000 INR could be done for free, but for transactions above 10,000 INR the company is going to charge an amount of 1.75% plus GST on the entire transaction.

At the same time, if the entire money added through your credit card including the current transaction exceeds the value of 10,000, the company would charge an amount of 1.75% on the transaction as a whole besides GST.




The following are two examples to make the above statements more clear. In case one, suppose you add an amount of 12,000 INR, a fee of 240 INR will be charged and on a total 12,240 INR will be deducted from the credit card.

In case two, let’s take an example of multiple transactions. Suppose you add 1,000 INR to the wallet, no fees will be charged. Again you add an amount of 2,000 INR to the e-wallet, no fees will be charged again. Next time, you add an amount of 7,500 INR, the entire amount shall be charged now following all subsequent transactions.

Usually, people do not prefer this kind of system where they are charged for transferring the amount. But still, there are millions of users who still prefer using the app not exactly for the transactions that demand charges but for the payment through QR code.




The QR code launched by the mobile wallet company for the merchant payment purpose, today enjoys a 54% market share of mobile payments. To avoid various kinds of charges, people prefer using debit cards or UPI. Though purchase at the merchant site is absolutely free. Also paytm to paytm wallet transfers do not charge extra money. 

But at the same time, the company charges 5% in the case of money transfer from Paytm wallet to Paytm payment bank or any other bank account. 

Paytm is available in 11 Indian languages and offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions with the Paytm QR code.




Paytm bringing in such changes and adding extra charged might not sound good to those users who’ve been using the app quite a much for their day to day transactions. But Paytm has to maintain a business front and money is what keeps them in the game, so one can forget about the rollback of any such charges but be prepared for some new ones as well.