Paytm merchant needs to pay charge of 1.99% + G...

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

29 Comments  |  
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Any body help on this.
If stop the services. Total merchant app stopped or not

Dailydimer pp
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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.

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dailydimer wrote:

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.

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pikkuboss wrote:

They most probably will have to withdraw these charges.

I also hope so.
Paytm should check other options as they still have better scope than any of the other company having better reach to common man and small merchants.
Many wallets are seeing tough competition from big shots.
Amazon may soon become in top 3 via 3rd party apps.
Phonepe is also catching up, if planned wisely, they have potential in top 3 in wallet market.
Don’t know why google Tez is not interested in offline scenario.

Mobikwik is Ripped now.
They can file bankruptcy anytime.
No support from sellers.
No options to use supercash bait anywhere.
No small merchants or medium or large merchants or offline / online merchants are interested in Mobikwik’s policies.

Meaning of Mobikwik’s wallet is keep trash in your crunched memory space of a mobile.

Bye Bye Mobishit.

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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!!!!

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dailydimer wrote:

I also hope so.
Paytm should check other options as they still have better scope than any of the other company having better reach to common man and small merchants.
Many wallets are seeing tough competition from big shots.
Amazon may soon become in top 3 via 3rd party apps.
Phonepe is also catching up, if planned wisely, they have potential in top 3 in wallet market.
Don’t know why google Tez is not interested in offline scenario.

Mobikwik is Ripped now.
They can file bankruptcy anytime.
No support from sellers.
No options to use supercash bait anywhere.
No small merchants or medium or large merchants or offline / online merchants are interested in Mobikwik’s policies.

Meaning of Mobikwik’s wallet is keep trash in your crunched memory space of a mobile.

Bye Bye Mobishit.

only merchants right?
rolleyes

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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

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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

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mrKool_JJ wrote:

only merchants right?
rolleyes

Merchants will have to pay 2%.
But have to take out of custoner’s pocket by increasing cost.
Who will put Bell in neck of Cat ?

Paytm can’t do that now.
Market is not ready for this today.
Paytm has to find/rely on other income source.
Soon they will to start banking ATM services at selected counters.

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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

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

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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.

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aam_aadmi wrote:

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?

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No chargres …..as per latest message from paytm

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asen wrote:

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

Yes

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Finally ache din aa hi gye toungueout smile smile

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Reversed

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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.

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pinkscuteboy987 wrote:

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.. toungueout

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pinkscuteboy987 wrote:

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.

I also got this message earlier. Means no 2%+gst charge for sending payments back to bank accounts.

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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?

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DEALSTER wrote:

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…

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Gohil007 wrote:

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…

Thanks a lot.. i will try to set it up for him then. Lets see how many people use paytm in Bihar. Getting a card swipe machine is a big pain in my hone town.

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DEALSTER wrote:

Thanks a lot.. i will try to set it up for him then. Lets see how many people use paytm in Bihar. Getting a card swipe machine is a big pain in my hone town.

Setting up Paytm as a merchant is very easy, you can do whenever you want. There is no risk as it costs nothing. But don’t expect any additional substantial income from this. I haven’t even seen people using it frequently at shops in Delhi, forget about its popularity in small cities of Bihar.

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aam_aadmi wrote:

Setting up Paytm as a merchant is very easy, you can do whenever you want. There is no risk as it costs nothing. But don’t expect any additional substantial income from this. I haven’t even seen people using it frequently at shops in Delhi, forget about its popularity in small cities of Bihar.

Thats correct. As getting a POS is becoming a tough job, I want to try this out and see how it works. People readily pay cash, but I just want to have this as another option.

UPI is the way forward but sadly a lot of people don’t use it.

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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

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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

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faizahmad1988947 wrote:

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

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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 ?

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