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Paytm merchant needs to pay charge of 1.99% + GST from Friday, 20th

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Deal Cadet
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SMS received from Paytm:

Dear Merchant! This is to inform that payments collected through Paytm QR code shall be charged a commission of 1.99% + GST from Friday, 20th April 2018 onward. In case you do not agree with these commercials, SMS STOP to 53030

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Deal Newbie Deal Newbie
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Any body help on this.
If stop the services. Total merchant app stopped or not

Deal Newbie Deal Newbie
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It may not stop service.
May be you can still take payment to paytm wallet via normal transfer .
Only Bank transfer may be chargeable.

Lets see how it goes.
Phonepe / Tez are going to give tough competition to paytm.

Deal Subedar Deal Subedar
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They most probably will have to withdraw these charges.

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Deal Newbie Deal Newbie
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If a small merchant avail the 1.99%+GST then why should they go for cashless?

Go for cash transactions as the erlier scenario

We small merchant and also employees only pay taxes to government because our transaction are white.
what about the industrials and builders…

We support our government for developing our country, but I don’t think so the bigger once think about this!!!!

Community Angel Community Angel
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Ironically those who curse mobikwich day night are those who are regular users of mobikwitch
They themselves are not able get rid of it

Deal Newbie Deal Newbie
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If Paytm is going to charge 1.99% + gst then Paytm market would be finished coz now a days there are no such great offers available in Paytm as well as small merchants won’t be able to afford this and y only small the big merchants will also not survive coz the high the amount the higher will be the charges…
Paytm will have to withdraw this charges or else it’s finished…
All the best team u won’t be able to survive seriously like this is a Removed

Deal Newbie Deal Newbie
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Google Tez is trying to capture market. They are doing this in hidden ways.
Check latest news:

Google, card lobby want Aadhaar to fail: UIDAI to Supreme Court
Updated: Apr 18, 2018, 18:47

Dhananjay Mahapatra
TNN

NEW DELHI: The UIDAI on Tuesday made a startling charge before the Supreme Court that Google and the smart card lobby did not want Aadhaar to succeed because if UID emerges as a foolproof way to authenticate identity, they will be out of business.

SC red flags threat of Aadhaar data misuse, asks searching questions

A five-judge constitution bench headed by Chief Justice Dipak Misra referred to the Cambridge Analytica controversy and said these are not “imaginary apprehensions” and, in the absence of robust data protection law, the issue of misuse of information becomes relevant.

Appearing for the Unique Identity Authority of India, senior advocate Rakesh Dwivedi told a CJI-headed Constitution bench that a campaign had been unleashed that Aadhaar should’ve been like smart

Deal Cadet Deal Cadet
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If, i make transaction today, would it be charged 1.99%? as it would be credited tomorrow morning?

Benevolent Benevolent
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Dear Merchant, Please ignore the message you received earlier. There is no change of commercials for accepting payments through Paytm. For any concerns, call 0120-33663377.

Deal Cadet Deal Cadet
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Yes, got that message just now. What does it mean by commercials?

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Deal Newbie Deal Newbie
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No chargres …..as per latest message from paytm

Deal Cadet Deal Cadet
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Finally ache din aa hi gye toungueout smile smile

Deal Cadet Deal Cadet
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Reversed

Deal Newbie Deal Newbie
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Dear Merchant, Please ignore the message you received earlier. There is no change of commercials for accepting payments through Paytm. For any concerns, call 0120-33663377.

Deal Subedar Deal Subedar
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as stated, they will not do this now.. toungueout

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Community Angel Community Angel
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Can someone confirm if they’re still charging transactions? I was planning to get it going in my dad’s shop once I visit hi next week. Any reviews about the settlement etc?
Moreover what happens if it goes above 50,000?

Hunk Hunk
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No they not charging any Amount… You can go with it … Monthly transaction limit is 1 lakh beyond that its 3 to 5% depends on merchant category … Or they Settled nxt month 1st week…

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Deal Newbie Deal Newbie
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My account is Business merchant account but I am not receiving amount in bank account, all amount has come in paytm wallet and when I am trying to transfer fund from wallet to bank account there is some fees & service tax. somebody can help me out plz

Deal Subedar Deal Subedar
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Go to accept money in ur wallet app then select bank account

Deal Newbie Deal Newbie
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My account is Business merchant account but I am not receiving amount in bank account, all amount has come in paytm wallet and when I am trying to transfer fund from wallet to bank account there is some fees & service tax. somebody can help me out plz

Deal Newbie Deal Newbie
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I already did but there is still asking transfer fees . I am trying to transfer 25k and fee charges 780 approx ?

Deal Subedar Deal Subedar
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My Paytm merchant settlement shows pending since yesterday… Plz help me out … Any customer care email.

Deal Newbie Deal Newbie
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You have done your kyc in that account

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Deal Subedar Deal Subedar
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Many shop keepers, especially dairy, stopped accepting this paytm business. Many are complaining that they lost money and don’t want to continue for unfavourable wallets. Many fear of txns not reflecting properly, not getting settled easily etc. Totally many stopped paytm.

Deal Newbie Deal Newbie
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Hello paytm team this very great to here that u guyz also started charging everyone.1.99% is not a small amount am also a merchant and i did 2000 rupess transaction for 47.50 u guyz charged me.. its a very big plan first coverd market now playing with merchant and customers..

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