Add Money to Paytm Wallet From Credit Card

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How to Add Money to Paytm Wallet Using a Credit Card

Since its introduction, Paytm has become India's most popular digital payment app. It allows individuals to do cashless transactions through its digital medium. The app eliminated the need of carrying a physical wallet as you can easily make transactions or purchases with your mobile phone. To use this digital payment app, you need to add money to your Paytm wallet through your debit card or net banking. You can also use the UPI method and link your bank account to perform transactions. 

 

Moreover, your credit card is another medium through which you can transfer money to your digital wallet. If you are wondering how to add money to Paytm from a credit card, you will find the solution in this article. 

 

You can add money to Paytm wallet from credit card through two mediums:

  1. Paytm App

  2. Paytm Website

Here are the steps to follow.

1. Via Paytm App

  • If you don’t have the app, you can download it from the Playstore.

  • Sign in/log in to the app with your credentials. 

  • Open the app and go to ‘Add Money’ tab and click on that.

  • Choose the ‘Credit Card’ option to add money.

  • Enter the amount and proceed.

  • You will be redirected to a new page.

  • Now, enter your card details and submit it.

  • You only need to input the CVV number if you have any stored credit cards in the app.

  • Provide the OTP you have received on your number in order to complete the process.

  • Following that, money will be added to your wallet.

2. Paytm Website

  • Visit the official page of Paytm and log into your account.

  • Go to the ‘Paytm Wallet’ tab and click on ‘Add Money.’

  • To add money, select the ‘Credit Card’ alternative.

  • Enter the amount. 

  • Following that, you will be taken to a new page.

  • Now, enter your credit card details and submit it.

  • If you have any saved credit card in the app, you simply need to enter the credit card CVV number.

  • To finish the procedure, enter the OTP you received on your phone.

  • Once it is done, money will then be added to your wallet.

How Much Money Can I Add to my Paytm Wallet

The limit of adding money in Paytm from credit card depends on your KYC status.

  • You can add up to ₹10,000/ per month to your Paytm wallet if you have finished the minimal KYC criteria.

  • You can add up to ₹99,999/ per month (maximum about that you can add to your Paytm wallet) if you have fulfilled the full KYC procedure.

Charges for Adding Money to Paytm Wallet Using Credit Card

Before proceeding further, you must be aware of the applicable charges to add money from credit card to Paytm. Here’s a closer look at different charges to comprehend better.

Parameters

Charges

Adding money through credit cards

Up to 2.5% (GST included)

Transactions involving an American Express credit card, corporate credit card, or prepaid credit card to load money into a wallet

Up to 3% (GST included)

Adding money to the wallet using credit and transferring it to a bank account for an amount higher than or equal to ₹5000 

Surcharge of up to 2%

What is Paytm Wallet

The digital payments giant Paytm offers a number of functionalities on its app. Among them is its proprietary virtual wallet called the Paytm wallet. This wallet can be used to store money for the purpose of making payments at several online or QR code-based offline outlets. The wallet also allows you to send or receive money as well as make utility bill payments. This makes Paytm wallet a handy method of payment instead of cash.

 

Users can recharge their Paytm wallets by transferring money from their bank accounts through their debit cards, credit cards, UPI or netbanking. You can link your debit cards or credit cards with your Paytm wallet to make the process to recharge your wallet simple and seamless.

Here’s how you can link your Credit Card to your Paytm account - 

  • Tap on your profile picture on the top left of the Paytm app and go to the option ‘Payment Settings’.

  • Click on ‘Saved Cards’ and go to ‘Add New Card’.

  • A reimbursable amount of Rs. 2 will be debited from your card for verification.

  • ‘Proceed’ and enter your details followed by saving it according to the RBI guidelines.

  • Pay an amount of Rs.2 to proceed and enter the OTP you receive on your registered mobile number. 

That’s it! Your credit card is now linked to your Paytm account..

FAQs on how to add money to paytm wallet from credit card

  • ✔️Can I transfer money from my credit card to Paytm?

    Yes, you can easily add money to Paytm from credit card using the Paytm app or by visiting its official portal

  • ✔️Can I transfer money from credit card to Paytm without charges?

    No, you are required to pay charges for money transfer from credit card to Paytm of up to 2.5% (GST included)

  • ✔️What is the limit of Paytm on adding money by credit card?

    The maximum limit to add money to Paytm wallet from credit card is ₹99,999.

  • ✔️How much money can I add to my Paytm wallet from credit card?

    The amount you can add to your Paytm wallet depends on your KYC status.

    • You can add up to ₹10,000/ per month to your Paytm wallet if you have finished the minimal KYC criteria.

    • You can add up to ₹99,999/ per month (maximum about that you can add to your Paytm wallet) if you have fulfilled the full KYC procedure.

  • ✔️Why can't I use a credit card to add money to my Paytm wallet?

    If you are wondering how to add your credit card to your Paytm wallet, it may not be possible due to one of these reasons:

     

    • The credit card was not issued in India

    • You are using a prepaid credit card to add money to your Paytm wallet

    • Your credit card is still disabled for online transactions

    • You may be entering the wrong card details like CVV, OTP or expiration date

    • You may not have sufficient balance left in your credit card

    • Your credit card issuing bank may have placed a limit on the transaction amount of funds

    • Your bank’s systems or servers may be facing an outage

     

    You can get in touch with your bank’s customer care to find out the reason why you are unable to add money to your Paytm account.

  • ✔️ How will the money I send using the Paytm app be received by someone without a Paytm account?

    If you have sent money to someone who does not have a Paytm account, they will receive a text message with a link to create their account on Paytm. If they fail to create their account on Paytm within 3 days, the money deducted from your account will be refunded.

  • ✔️What is the maximum amount that can be sent via the Paytm app?

    You can transfer a maximum of ₹1 Lakh every day to any bank account using the Paytm app.