Transfer Money - Rent Payment via Paytm

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Deal Cadet
sahil1033

Hi, need urgent help!

I transferred Rs. 49,999 via rent payment method to a shop owner and this transfer was instant.

After a few minutes, I did the same for same amount and now I’m seeing status as ‘Processing’ and it will take 2 days for the amount to be credited to their account.

Did I do something wrong?

I paid via Paytm First Citibank CC and merchant name shown was ‘PayTM’ both the times (hoping to get 3% cashback as suggested by others) and on their app, I can see the credit limit has gone down, that means amount has been deducted from credit card already.

Shop owner is puzzled why it should take 2 days as I need to book the thing today only, this is really disturbing for me at the moment.

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Deal Cadet Deal Cadet
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Afaik for rent payment above 50k or above in a month you need rent agreement

Deal Cadet Deal Cadet
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rahulsoni0706846 wrote:

Afaik for rent payment above 50k or above in a month you need rent agreement

no rent agreement needed, made payment of 49,999 twice for the same reason of providing rent agreement

Deal Cadet Deal Cadet
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sahil1033 wrote:

no rent agreement needed, made payment of 49,999 twice for the same reason of providing rent agreement

Bro but month is same, you should used any other app for that rent payment

Deal Lieutenant Deal Lieutenant
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sahil1033 wrote:

no rent agreement needed, made payment of 49,999 twice for the same reason of providing rent agreement

Thats could be the reason of payment stuck. Maybe system detected it

Deal Cadet Deal Cadet
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@pingpong buddy, any enlightenment you can provide here please!

Deal Cadet Deal Cadet
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check paytm order details. If it shows as cancelled, they will refund it to your card. There is no delay for paytm rent payments. They do block fraudulent transactions, so please be mindful of not acting like one

Deal Lieutenant Deal Lieutenant
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ideally your account should be blocked as well as paytm account or transferred back to account with 2% payment gateway charge deduction.

Deal Cadet Deal Cadet
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noobDealer wrote:

check paytm order details. If it shows as cancelled, they will refund it to your card. There is no delay for paytm rent payments. They do block fraudulent transactions, so please be mindful of not acting like one

https://cdn0.desidime.com/attachments/photos/759300/original/image.png?1649872325


Hopefully this goes through

Chennai Super Kings Chennai Super Kings
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I am assuming it’s stuck because paytm’s system either blocked it because of you crossing 50k limit OR it thought it was an accidental duplicate transaction and has put it on hold to see if the user makes any support ticket regarding this.

Deal Captain Deal Captain
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sahil1033 wrote:

https://cdn0.desidime.com/attachments/photos/759300/original/image.png?1649872325


Hopefully this goes through

Sometimes paytm sucks even rent payment via upi getting hold upto 2 days

Deal Cadet Deal Cadet
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Tanmayyy wrote:

I am assuming it’s stuck because paytm’s system either blocked it because of you crossing 50k limit OR it thought it was an accidental duplicate transaction and has put it on hold to see if the user makes any support ticket regarding this.

checked with them on Twitter and they told me to wait for 2 days, that’s the only reason they kept giving me

Deal Subedar Deal Subedar
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noobDealer wrote:

check paytm order details. If it shows as cancelled, they will refund it to your card. There is no delay for paytm rent payments. They do block fraudulent transactions, so please be mindful of not acting like one

Delay happens for Rent payment 
Last month it took  close to 21 hours to transfer  40k amt 

Deal Subedar Deal Subedar
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It happens for some payments, earlier all payments used to take 48 hours, now occasionally some take 48 hours. its completely normal

Deal Subedar Deal Subedar
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Any offer u r using on payment of credit card!!

Post Tycoon Post Tycoon
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It can take 3 working days also. April 14, 15 are bank holidays in some states. Check for your state.

Deal Cadet Deal Cadet
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popeyemask wrote:

Any offer u r using on payment of credit card!!

Paytm Citi gives 3% cashback. Additionally Paytm itself keep giving 100-200 cb.

Deal Cadet Deal Cadet
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Can u use amex card for rent payment on Paytm? Do I need to provide rent agreement?

Deal Cadet Deal Cadet
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Will I get 3% reward points on Citi Paytm First CC if I load money to Paytm wallet from Paytm app?

The merchant shown was “One97 Communications”.

P.S. I loaded Rs. 7,500 to Paytm wallet from Citi Paytm First CC, extra charges incurred Rs. 172.50 and I got cashback of Rs. 150. If I get even 1% reward points, it’s a win-win for me but if I don’t get, that’s a loss of Rs. 22.5

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