Digital wallet Paytm on Monday disproved reports that it will not charge clients additional sum for digital transactions on its stage.
Paytm Not Charging Extra On Digital Transactions
“We would like to clarify that Paytm app/payment gateway owned by One97 Communications Limited 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 customers will continue using all the services available on the platform without any fee,” the Noida-headquartered company said in a statement.
The report said that Paytm is going to supposedly charge 1 percent on payments by means of credit cards, 0.9 percent for debit cards and up to Rs 12-15 through net banking and UPI-based methods.
As indicated by the digital payments organization, there have been not many vendors like instructive foundations or utility specialist organizations who don’t assimilate credit charges and anticipate that clients should pay the equivalent.
“In such cases, we recommend our users to pay through their debit cards and UPI to avoid these charges. We would like to reiterate that these charges aren’t levied by Paytm in any scenario,” said the company, adding that it does not have any plans to levy any such fee in the future.