How to Add Money from Credit Card to Paytm Wallet
Paytm is one of the largest e-commerce and e-payment portals that was launched in the year 2010. The name of the brand is an acronym that stands for 'Payment Through Mobile' Along with online shopping, the brand comprises a payment gateway and a wallet. With time, Paytm has earned a lot of popularity because it promotes cashless transactions.
What is Paytm Wallet?
The Paytm app contains a virtual purse called the Paytm Wallet. The account holder can add money to it using a debit card and credit card, or through netbanking. They can also receive or send money using this wallet to refill it. The amount of money accumulated in the wallet can be used to pay for products and services including phone bills, electricity bills, DTH recharge, gas, metro rides, water, and college fees.
How to Link Credit Card with Paytm
If you want to link your credit card with your Paytm account, follow the steps mentioned below:
Step 1: Open the 'Paytm' app.
Step 2: Tap on your profile picture displayed on the top left.
Step 3: Tap on the 'Payment Settings' option.
Step 4: Go to 'Saved Cards.'
Step 5: Tap on 'Add New Card.'
Step 6: A popup will be displayed alerting you that Paytm will debit Rs.2 from your card for confirmation but will reimburse you within two days.
Step 7: To continue, tap on the 'Proceed' option.
Step 8: Enter your card information.
Step 9: Tap on 'save card as per latest RBI guidelines.'
Step 10: Tap on 'Pay Rs.2' to proceed.
Step 11: An OTP will be sent to your registered mobile number. Enter the OTP.
Your credit card will be listed under 'Saved Cards.'
How to Add Money to Paytm Wallet Using a Credit Card?
Account Holders can add money to their Paytm Wallet in two simple methods using their credit cards through the website or the app. All they need to do is follow the step listed below:
On the Paytm website:
- Step 1: One can visit www.paytm.com and log into their Paytm account using their registered email id or phone number.
- Step 2: Once they do that, they will be led to a new page that will contain a number of options including 'Add Money.'
- Step 3: They will need to select the mode of adding money from the list of options that include credit/debit card, netbanking, and IMPS and type in the amount of money they want to add.
- Step 4: On selecting the option of 'Credit Card,' they will be redirected to a secured payment page on which they will need to fill in their card details.
- Step 5: They will need to fill in details like card number, name on the card, validity, and CVV number.
- Step 6: The account holder can save the details of the credit card and it will appear on the screen from the second transaction they make. However, they will need to enter their CVV number each time they use the credit card even after saving its details to maintain the security of the gateway. This method ensures faster payment.
- Step 7: Once they finish entering the required details of their credit card, they will need to click on the 'Submit' tab for the transaction to proceed. Once the transaction is completed, they will be redirected to the homepage of their Paytm account with the transferred amount in their Paytm Wallet.
On the Paytm app:
- Step 1: Once the account holder opens the app on their phone, they would need to click on the 'Add Money' option that appears on the top most strip on the homepage.
- Step 2: Once they click on it, they will be asked to select their mode of payment from debit/credit card, netbanking, and IMPS.
- Step 3: On selecting credit card, they will be directed to a secure payment gateway on which they will need to fill in their card details like card number, name on the card, validity, and CVV number.
- Step 4: The account holder will be given the option to save the details of the credit card to make payments faster from their second transaction. However, they will still need to enter their CVV number every time they try to make a transaction for security purposes.
- Step 5: Once the details have been entered, they will need to click on the 'Submit' tab after which the money will be added to their Paytm Wallet.
Transfer Charges on Adding Money to Paytm Wallet Using a Credit Card
Paytm charges a fee range from 1.5% to 3% for adding money to your wallet using a credit card.
FAQs on How to Add Money from Credit Card to Paytm Wallet
- I have transferred money to a friend who does not have a Paytm account. In this case, how will he/she get the money?
If the beneficiary to whom you have sent the amount does not have a Paytm account, the person will get an SMS along with the link for creating a Paytm account. Keep in mind that if the person does not create the account within 3 days of you sending the money, the amount will be refunded to you.
- How can I check if my Paytm payment has been successful?
If you receive an SMS from Paytm informing you about the deduction in your account balance, you can be sure that the transaction has been successful. Make sure to look for any post-payment confirmation screen on the app itself. You can also check the passbook section of the Paytm app and keep track of the transactions.
- What is the meaning of the Push app notification payment and where can I use it?
You can use the Paytm wallet balance at any store. Once you share your mobile number with the merchant, you will get a push notification, and this will have the merchant details and the amount that has been requested. You can then tap on the push notification and click 'Pay' to process the amount.
- What charges will be applicable when I send money via the Paytm app?
When you transfer money via the Paytm app, it is free and the whole amount which you have entered will be transferred to the beneficiary without any charges being deducted.
- What is the maximum amount I can send via the Paytm app?
In one calendar month, you can only transfer up to 1 lakh to a Paytm user or to your bank account.
Kankana Mukherjee is an engineer and has over 4.5 of experience in content writing. Combining the expertise in financial content writing achieved in her 2 years association with BankBazaar, and a knack for clear and engaging content, Kankana simplifies complex financial concepts and offers practical insights to help readers make informed decisions and achieve financial success.
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