Advantage vs disadvantage of adding money to paytm wallet – It’s fast, safe gives cashback on recharge & bill payment, ticket booking & shopping. But there is very few some disadvantage also. See all advantage & disadvantage for better awareness.
Benefits / Advantages –
Loses / Disadvantage –
Other important facts about paytm
Add money to Paytm wallet & transfer to the bank account – If you are adding money by thinking so, you may not get benefits, because you will be able to transfer money from wallet to bank but you might be charged 4% of the money being transferred. So you will not get any profit or loss.
Do you have an upgraded paytm wallet? – If you have upgraded Paytm wallet, then you will be charged at 1% (But right now it’s free) of the money being transferred to the bank, so upgraded paytm wallet user can take benefits from this trick, you can upgrade your paytm wallet by submitting KYC to paytm.
So be sure carefully before adding money in paytm & then to bank account providing any extra benefits or not.
You can easily do this with wallet but in 0.01% cases paytm gives you good offers on recharge with credit or debit card payment only in that case you may not get benefits from paytm wallet transactions. While till now there is no condition on shopping at paytm & payment using the wallet for goods & services on third party (partners) stores.
In other words, you can add money to paytm wallet for fast, secure & easy payment option, you will also get cashback on shopping, recharge, bill payment & all other service using paytm wallet money.
There are many other services like Train ticket booking, Shopping on other sites where it will be good if you add money to wallet and shop on other site or on paytm too.
You have to follow some step before shopping. See the article shop and transfer paytm wallet balance to bank account free of cost.