If you are wondering how to transfer money from a credit card to Paytm, there are two ways: through the Paytm app and via Paytm website. Let us explore these methods in detail.
Here is how to add money in Paytm wallet from credit card through the website:
Step 1: Visit www.paytm.com, sign in and log in with your registered email id or phone number.
Step 2: Navigate to the ‘add money’ section of the website.
Step 3: View the various payment methods that you can use to add money to your Paytm account.
Step 4: Select the ‘Credit card’ option.
Step 5: You will now be redirected to the secure payment page.
Step 6: Proceed to enter your credit card details including your credit card number, expiration date, the name on the card as well as the CVV.
Step 7: Click on Submit.
Step 8: Validate with the OTP sent to you to complete the transaction.
Here is how to add money in Paytm from credit card using the Paytm app:
Step 1: Download and install the Paytm app from Google Play Store or App Store.
Step 2: Sign up and log in to the app using your account details.
Step 3: You will receive an OTP that will automatically verify your phone.
Step 4: Locate the ‘Paytm Wallet’ button in the ‘My Paytm’ section of the home screen.
Step 5: This will redirect you to the portal to add money.
Step 6: Proceed to enter the amount you wish to add money to paytm wallet from credit card.
Step 7: Click on ‘Add’.
Step 8: This will redirect you to the payment page where all the payment options will be displayed.
Step 9: If you have a saved credit card, select it.
Step 10: Otherwise, proceed to the ‘or choose other payment option’ section and add your credit card.
Step 11: Now select your newly added credit card to complete your payment.
Step 12: Enter the OTP you receive into the app.
You have now successfully learnt how to add money in Paytm wallet from credit card without charges using the app and the website.
How much money can be added to your Paytm wallet will depend on your KYC status.
If you have completed the minimum KYC requirement on Paytm, you can add up to ₹10,000/ per month to your Paytm wallet.
If you have completed the full KYC requirement on Paytm, you can add up to ₹99,999/ per month to your Paytm wallet.
Do note that at any given time, the maximum amount in your Paytm wallet can be ₹99,999.
From 15 January 2021, you are required to pay a fee of up to 2.65% (inclusive of GST) when you add money into your Paytm wallet using a credit card or a prepaid card. The fee has been levied to combat the high charges, Paytm is required to pay to your bank or payment network when you avail the service.
You can also be charged an additional surcharge of up to 2% over and over and above the transaction fee based on the pattern of the transaction- adding money to Paytm wallet using a credit card or prepaid card and transferring money from Paytm to your bank account. As a result, the total charges levied for adding money from credit card to Paytm wallet can go up to 4.65% (inclusive of GST).
Yes. You can add money from credit card to Paytm through the Paytm app or website. You can also pay credit card bill through Paytm.
No, you will be charged up to 2.65% (inc. of GST) for transferring money from a credit card into the wallet. An additional surcharge of 2% can also be levied if you add money from your credit card to your Paytm wallet and transfer it from the wallet to your bank account.
You can have a maximum of ₹99,999 in your Paytm wallet. Minimum KYC customers can add up to ₹10,000/ per month, while full KYC customers can add up to ₹99,999/ per month.