How to Increase Paytm Merchant Account Limit
Increase Paytm Merchant Account Limit - Paytm is one of the most popular digital payment platforms in India, and it's widely used by both individuals and businesses. If you're a Paytm merchant, you might be wondering how to increase your account limit so that you can process more transactions and grow your business. In this blog post, we'll explain how to increase your Paytm merchant account limit and the benefits it can bring to your business.
Increase Paytm Merchant Account Limit: 8 Steps
Step 1- Launch Paytm for Business - Open the Paytm for Business app on your mobile device or visit the website.
- Log in to your Paytm merchant account.
Step 2- Tab on the profile Icon - Look for the Profile icon on the bottom right corner of the screen.
- Tap on the Profile icon to open your profile settings.
Step 3- Tab on Payment Limit - Within the Profile settings, look for the Payment Limit option.
- Tap on Payment Limit to view your current payment limit.
Step 4- Tab on Increase Monthly limit - To increase your payment limit, tap on the Increase Monthly Limit option.
- This will take you to the next screen where you can upgrade your account.
Step 5- Tab on Upgrade - To upgrade your Paytm merchant account, tap on the Upgrade button.
- This will take you to the next screen where you can enter your required information.
Step 6- Enter the required Information - On the Upgrade screen, enter the required information such as your business type, PAN card number, and other details.
- Make sure to enter accurate and valid information.
Step 7- Enter the required details - On the next screen, you will be asked to provide additional details such as your business address, GST number, and other details.
- Fill in all the required details carefully and accurately.
Step 8- Enter your Bank details and continue - After providing all the required details, enter your bank details to complete the process.
- Once done, click on the Continue button to submit your request for a higher payment limit.
Increasing your Paytm merchant account limit can help you process more transactions and grow your business. By following the above steps, you can easily upgrade your account and enjoy the benefits of a higher payment limit.
Tips
- Keep all the necessary documents handy before starting the process to avoid any delay.
- Make sure to enter accurate and valid information to avoid any rejection of your request.
- It may take up to 24-48 hours for your request to be processed, so be patient and wait for the confirmation from Paytm.
FAQ
- What is the maximum payment limit for a Paytm merchant account?
- The maximum payment limit for a Paytm merchant account is Rs. 1,00,00,000 per month.
- Can I increase my Paytm merchant account limit multiple times?
- Yes, you can increase your Paytm merchant account limit multiple times by submitting a request each time.
- Is there any fee for upgrading my Paytm merchant account?
- No, there is no fee for upgrading your Paytm merchant account. It's free of cost.
- Can I increase my Paytm merchant account limit instantly?
- No, it may take up to 24-48 hours for your request to be processed and approved by Paytm.
- What documents do I need to provide to upgrade my Paytm merchant account?
- You may need to provide documents such as your PAN card, business address proof, GST number, and other details as per Paytm's requirements.