Black Friday Sale is here!

Up to

60%

off in software solutions and tools for a very limited time. Hurry up!

off in software solutions. Hurry up!

Latest

Stories

Paytm Deny Claims That It Will Levy Transaction Fee on Customers

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

Moupiya Dutta
Moupiya Dutta
She finds it interesting to learn and analyze society. she keeps herself updated, emphasizing technology, social media, and science. She loves to pen down her thoughts, interested in music, art, and exploration around the globe.

Indian digital payment platform Paytm clarified that it is not levying any charges to customers for digital transactions made through its platform.

After reports emerged that users would have to begin shelling out a fee for Paytm transactions, the digital wallet major has issued a clarification saying that Paytm App or the Payment Gateway owned by One97 Communications does not charge or levy any convenience or transaction fee from its customers for using payment methods including cards, UPI, net-banking, and wallet.

Paytm App/Payment Gateway owned by One97 Communications Ltd. does not charge or levy any convenience/transaction fee from our customers on using any payment method which includes cards, UPI, net-banking, and wallet – Paytm

Also Read

Further, Paytm clarified there had been a few merchants like educational institutes or utility service providers who do not absorb credit card charges and expect customers to pay the same. In such cases, Paytm said it recommends its users to pay through their debit cards and UPI to avoid these charges.

While Paytm said these charges aren’t levied by Paytm in any scenario, the Economic Times report further states that Paytm is merely passing on what is called the merchant discount rates (MDRs) that the banks and the card issuing companies charge for handling the transactions.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Meanwhile, Paytm, SoftBank and the Alibaba Group has advised its customers to use debit cards and UPI to pay merchants or other utility service providers who do not absorb credit card charges and expect customers to pay the same.

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -