As Per TechByte Latest News Says That Paytm has reportedly begun charging some of its users a small fee for mobile recharges done via the financial platform. This charge can be anywhere between Re 1 and Rs 6, depending on how large the recharge amount is. The fee is being levied on mobile recharges paid for via UPI or a bank credit/debit card.
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The fee is, till writing this blog, may not be applicable to all the users, but like most changes that roll out gradually, we could see it coming to more Paytm users over the next few days. Some Of that users began spotting the additional fee first in early March when they noticed the platform charging users with a small convenience fee on transactions of Rs 100 and above.
Back to Year 2019 That Paytm Promised that They won't be charging any fee on any of the transactions to users As Result Most of the Paytm Users Have Been Switching to Other Money Transfer Platforms Like Google Pay, UPI etc.
Important: Paytm neither charges nor will charge any convenience or transaction fee from customers on using any payment method which includes Cards, UPI and Wallet. Read our blog for more. ⬇️
— Paytm (@Paytm) July 1, 2019
https://t.co/rfPp21MAx1
Paytm rival PhonePe also started charging users with a ‘processing fee’ on mobile recharges above Rs 50 back in October last year. What the company called a “small-scale experience,” however, turned out to affect hundreds of users who took to social media to report the additional charge.
Neither platform has yet revealed how it is determined if a user must or must not pay extra convenience or processing fees.
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