Quick Answer: Can I Get My Money Back From Paytm?

How can I contact Paytm money?

Our customer care is available to help you 24*7….Paytm 24*7 Customer Helpline Numbers.Bank, Wallet & Payments0120-4456-456Paytm Mall Shopping Orders0120-4606060Travel and Hotels0120-4880-880.

What happens if online transaction failed but money debited?

If the transaction failed, the money will be reversed back to your account. … As it requires the bank to manually settle the funds, allow 7 working days for the amount to get reversed to your bank account.

How much does Paytm charge per transaction?

According to Paytm’s schedule of charges, any transactions less than ₹10,000 can be done for free. For transactions greater than ₹10,000 in a month, the digital payments firm will charge you an amount of 1.75% plus GST.

Is Paytm bank safe?

Mobile payments and banking are safe — especially with Paytm, as we use world-class security and encryption to keep your data as safe as possible.

Can a bank reverse a payment?

As a general rule, banks can reverse a payment made in error only with the consent of the person who received it. … This usually involves the recipient’s bank contacting the account holder to ask his or her permission to reverse the transaction.

What happens if you transfer money to a closed account?

If you send one to a closed account then it will be automatically rejected and the funds returned to your account. This is because all standing orders are sent via the Faster Payments system which detects closed accounts.

How much time does it take to refund money from Paytm?

A refund request usually takes 7-14 business days to reflect in customer’s account depending on the bank used for payment.

Can I get my money back if I sent it to the wrong account?

Once a payment has been sent, it isn’t possible to reverse it. So if you think you’ve made a mistake let your bank know straightaway. Likewise, if you’ve received money into your account that you think may have been sent to you in error, make sure you notify your bank straightaway.

Does Paytm charge for money transfer?

Paytm offers you a platform to pay or transfer money through different modes of payment. While money transfers from one bank account to another are free of cost, there is a 5% convenience fee for transferring money from your Paytm wallet to a bank account.

How can I refund my money from Paytm?

You can do this by tapping on the respective recharge in the ‘My Orders’ option of ‘Profile’ in the Paytm app. Upon cancellation, you will get the full refund within 24 hrs in your Paytm wallet. You can also take the refund amount easily to your your source bank/ card by going in Passbook on your Paytm app.

Do you have to return money paid in error?

In a nutshell, no. Legally, if a sum of money is accidentally paid into your bank or savings account and you know it doesn’t belong to you, then you must pay it back.

What if amount is debited but transaction failed?

If transaction at ATM fails but your account is debited then the card issuing bank is required to resolve your complaint by re-crediting your account within 7 working days from the date of complaint. … However, to be eligible for compensation, the customer has to file the complaint within 30 days of the transaction.

Why my transaction is failed in Paytm?

The payment could have failed for a variety of reasons, but in most cases, it’s because your bank has blocked the payment. Please call your bank if this occurs.

Is Paytm transaction free?

Paytm makes wallet payments free for all merchants, no charges on wallet-to-bank transfers. Paytm has announced that merchants will now be allowed to received “unlimited” payments through its Wallet at a zero per cent free, along with UP and Rupay Cards.

How can I get my money back from a wrong transaction?

Try to inform the bank and bank manager immediately after the wrong transaction. Money will get back to your account automatically, if the account number you mentioned does not exists but in case the situation is opposite, you have to take immediate action.