Paytm to charge merchants 1.99% for QR code pay...

Paytm to charge merchants 1.99% for QR code payments from 20 April

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Common man
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paytm.com
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.

Attn all merchants, settle your wallet balance quickly and transfer to bank immediately.

62 Comments  |  
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Unnamed
Deal Subedar
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Paytm are going to charge for receiving payments through Paytm QR code from 20th April as of 1.99% + GST.
https://imgur.com/a...RS

Unnamed
Deal Subedar
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Should be on Dost and dimes forums…

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Deal Subedar
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Vu for giving information

Unnamed
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Bharath8055 wrote:

Vu for giving information

U will get a msg from paytm also if you have a merchant account. smile

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Deal Subedar
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Pankaj54321 wrote:

U will get a msg from paytm also if you have a merchant account. smile

But before getting msg frm paytm i came to know it. stuck_out_tongue_winking_eye

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Deal Lieutenant
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now good days have started

Unnamed
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desidude2013 wrote:

now good days have started

toungueout
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Bharath8055 wrote:

But before getting msg frm paytm i came to know it. stuck_out_tongue_winking_eye

It means you did not get that msg yet? I already spoke to Paytm CC they will send u this soon. toungueout

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Bharath8055 wrote:

But before getting msg frm paytm i came to know it. stuck_out_tongue_winking_eye

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Deal Subedar
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Now.. Small Merchant will stop using paytm..

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chiraggyl170 wrote:

Now.. Small Merchant will stop using paytm..

Like us… toungueout

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Deal Newbie
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Any alternative of Paytm Merchant app ?

15ec882d723737c537ed6785a9cd5f5b
Perfectionist
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So shops will keep on displaying Qr codes ..but when you pay they won’t accept grimacing

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avgn wrote:

So shops will keep on displaying Qr codes ..but when you pay they won’t accept grimacing

Hihihi… I will miss the cashback offers though.

Common man
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Net impact, paytm cashback of 70% stands reduced to 68% sunglasses

Nagra
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This is one of the reasons people in general still don’t trust e-commerce companies.

They change policies at the drop of a hat & start charging fees out of blue.

Of course it wasn’t sustainable business model to begin with, but still people will feel cheated. Paytm should have advertised this as a paid service being given for free for a limited time.

That way people won’t feel any breach of trust.

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Deal Subedar
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nagra wrote:

They change policies at the drop of a hat & start charging fees out of blue.

Of course it wasn’t sustainable business model to begin with, but still people will feel cheated. Paytm should have advertised this as a paid service being given for free for a limited time.

That way people won’t feel any breach of trust.

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Nagra
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chingumboy wrote:

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Only if you had slightest of the ideas.

Paytm was free only for accepting upto 50k per month which automatically excludes all the medium to big size merchants.

This was intended for really small merchants. They already have really low margins. This 2% + GST is really hard to accommodate.

Last but not the least, Removed


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Deal Subedar
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nagra wrote:

Only if you had slightest of the ideas.

Paytm was free only for accepting upto 50k per month which automatically excludes all the medium to big size merchants.

This was intended for really small merchants. They already have really low margins. This 2% + GST is really hard to accommodate.

Last but not the least, Removed

Removed

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Deal Subedar
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i guess they will not do this… nobody will accept paytm now…

Storm
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indianboy wrote:

i guess they will not do this… nobody will accept paytm now…

I think they should reduce the fee to 0.5% instead of 2% and then 90% of the small merchants won’t leave.

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GirishGowda wrote:

I think they should reduce the fee to 0.5% instead of 2% and then 90% of the small merchants won’t leave.

not 90%, 100% small merchants will leave, even if they charge 0.5%…

Common man
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indianboy wrote:

i guess they will not do this… nobody will accept paytm now…

Even earlier though many small merchants were accepting payments with Paytm, most people paid by cash only. I never saw anybody except me paying with Paytm at all outlets I visited. Even I paid by Paytm only till they offered some cashback for such payments. Merchants always preferred payments in cash.

The only losers in this decision are small merchants like us who were using this facility to transfer our cashback to bank account. If Paytm maintains its cashback rates at same high rates of 65-70%, we will stand to gain at a small fee of 2%. Remember, cashback on all other sites such as PhonePe, Tapzo, Payzapp, Niki etc. still cannot be transferred to bank.

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