Paytm merchant needs to pay charge of 1.99% + GST from Friday, 20th
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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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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.
They most probably will have to withdraw these charges.
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!!!!
Ironically those who curse mobikwich day night are those who are regular users of mobikwitch
They themselves are not able get rid of it
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
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
If, i make transaction today, would it be charged 1.99%? as it would be credited tomorrow morning?
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.
Yes, got that message just now. What does it mean by commercials?
No chargres …..as per latest message from paytm
Finally ache din aa hi gye
Reversed
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.
as stated, they will not do this now..
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?
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…
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
Go to accept money in ur wallet app then select bank account
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
I already did but there is still asking transfer fees . I am trying to transfer 25k and fee charges 780 approx ?
My Paytm merchant settlement shows pending since yesterday… Plz help me out … Any customer care email.
You have done your kyc in that account
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.
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..
Any body help on this.
If stop the services. Total merchant app stopped or not