PAYTM merchant account blocked

1211°

22750
14
Last Comment 2020-06-30

2018-12-26

my PAYTM merchant account has been blocked…so i cannot make the payment through the wallet in my merchant account…is there anyway to resolve this ???

13 Comments |

8 Dimers

Sort By

https://www.desidime.com/discussions/paytm-merchant-account-blocked-9b5776ab-4f4d-4509-b985-b4f20d7c3226?page=1#post_5503174

gkalanimcool

2018-12-26

Link Copied

https://www.desidime.com/discussions/paytm-merchant-account-blocked-9b5776ab-4f4d-4509-b985-b4f20d7c3226?page=1#post_5503245

ExpertAdvice

2018-12-26

Link Copied

Same issue… Still no resolution..

https://www.desidime.com/discussions/paytm-merchant-account-blocked-9b5776ab-4f4d-4509-b985-b4f20d7c3226?page=1#post_5503213

Majestic

2018-12-26

Link Copied

https://www.desidime.com/discussions/paytm-merchant-account-blocked-9b5776ab-4f4d-4509-b985-b4f20d7c3226?page=1#post_5503234

alienteck

2018-12-26

Link Copied

It says you can unblock it by paying their 2% commission for transferring money. So a few hundreds bucks can fix it..

But if you were collecting money from customers then you can try contesting the decision since merchants wont use them if they get charged for it. The only reason they use it because they can put money into their bank account without going to the bank each day. When Uber drivers could not move money for free they even refused to pick you up or asked you to pay in cash.

View 4 more replies

https://www.desidime.com/discussions/paytm-merchant-account-blocked-9b5776ab-4f4d-4509-b985-b4f20d7c3226?page=1#post_5503296

BubbleBoyChickenLittle

2018-12-26

Link Copied

Don’t transfer from the wallet which has the same number as merchant account if you’re doing only this frequently then Paytm tracks it and since you’re the only one using it they see it as an exploitation rather than business. One of my friends had his Paytm merchant account blocked Coz he used to take out cash (using credit card) for ipos via his own merchant account (and he used to transfer his own wallet money). So if you transfer money from your same registered Paytm number then it’ll get blocked, do it from a different wallet and also multiple wallets so that it looks genuine enough.