Paytm Postpaid is a BNPL (Buy Now Pay Later) service offered by One97 Communications Limited, the parent company of Paytm. It is a game-changer for Paytm users and online shoppers in India. With this new payment option, you can enjoy the convenience of shopping today and paying later, all in one easy bill. Before we explain the complete Paytm Postpaid convenience fee structure, users should be aware about its NBFC partners.
Paytm has partnered with Aditya Birla Finance Limited, Clix Capital, Fullerton India, and Arthimpact Digital Loans Pvt Ltd to offer the Paytm Postpaid service in India. These trusted NBFCs provide the financial backing for Paytm Postpaid so you can shop confidently.
How To Use Paytm Postpaid Service In 2023?
To use Paytm Postpaid, head over to the Postpaid section on the Paytm app and activate it by giving personal details such as Name, Pan card, identity proof, etc. Then, whenever you make a purchase, you can choose to pay with Paytm Postpaid instead of using your debit card or net banking. Your purchase will be added to your monthly Paytm Postpaid bill, which you can pay in full at the start of next month using any of the following payment modes: UPI, debit card, or net banking.
What Is Convenience Fee In Paytm Postpaid?
The convenience fee in Paytm Postpaid is basically a service charge applicable for Paytm Postpaid Lite and Mini users on their monthly spends.
Why Convenience Fee Is Charged In Paytm Postpaid?
The convenience fee in Paytm Postpaid is charged for using the Paytm Postpaid credit facility. The convenience fee won’t be added to the bill if a user does not avail credit facility in the previous month.
Paytm Postpaid Convenience Fee In 2023
Paytm Postpaid comes with no interest or processing fees, and a nominal convenience fee is applied to monthly spending. Late fees are only charged if you are unable to pay your dues by the due date, which is currently the 7th of each month. Paytm postpaid convenience fee structure is different for Postpaid Lite, Postpaid Mini and Postpaid Delite users.
For Paytm Postpaid Lite and Paytm Postpaid Mini users, the convenience fee can range from 1% to 3% (+GST), depending on the user’s transaction history and the agreement signed with the lender. This fee is applied to the net monthly spends (transactions minus refunds into the postpaid account) and added to your bill, which is generated on the first of the following month.
When Is The Paytm Postpaid Payment Date?
Paytm Postpaid bill is generated on the 1st of next month for the credit facility taken in the current month. The Paytm Postpaid bill can be paid between the 1st and 7th of next month.
How To Pay Paytm Postpaid Bill?
The easiest way to pay the Paytm Postpaid bill is through the Postpaid section on the Paytm app.
What Is Nominal Convenience Fee In Paytm Postpaid?
A nominal convenience fee can vary from 1% to 3% ( + GST ) depending on various factors, as mentioned above in this blog post. However, it is advised to find the latest fees on the Paytm app or contact Paytm customer care.
Paytm Postpaid Convenience Fee Calculator
Paytm has not provided a Paytm postpaid convenience fee calculator on their app and website since there is no fixed convenience fee.
Paytm Postpaid Late Fee Chart
| Outstanding Amount* | Late Fees (per month)* |
| Up to ₹100 | ₹0 |
| ₹101 – ₹250 | ₹25 |
| ₹251 – ₹500 | ₹50 |
| ₹501 – ₹1000 | ₹100 |
| ₹1001 – ₹2500 | ₹250 |
| ₹2501 – ₹5000 | ₹500 |
| ₹5001 and above | ₹750 |
*Late Fees last updated on 05 Feb 2023.
How To Avoid Convenience Fee In Paytm Postpaid?
You can avoid convenience fees in Paytm Postpaid by not using the credit facility. Alternatively, you can close the Paytm Postpaid account permanently if you do not wish to use the Postpaid service in future.
How To Upgrade Paytm Postpaid Lite To Delight?
Paytm does not provide an option to manually upgrade from Paytm Postpaid Lite to Paytm Postpaid Delight. However, they might offer an upgrade if you have a record of timely Postpaid bill payments and a good credit score.
Paytm does not charge any Paytm postpaid convenience fee from its Postpaid Delite users. If you have any queries regarding the Paytm Postpaid service, you can use the 24 x 7 customer care option on the Paytm app or connect with Paytm customer care on Twitter for a faster resolution.
