Can I Use A Debit Card To Put Money Into Someones Bank Account ?

A debit bill of fare is basically an extension of a bank account which lets people transfer funds using the online mediums. Debit cards can be used for not just one, but multiple purposes including online money transfers, online e-commerce transactions, etc.

Paytm mobile awarding allows users to transfer coin online using a debit menu. Thinking most how? This blog has all your answers, so read on!

Transfer Money Online Using a Debit Carte on Paytm via UPI

Follow these steps to learn how you can transfer money online using a debit carte du jour on the Paytm mobile application-

• Open the Paytm mobile application and click on the 'To Banking company A/c' pick under the 'Send Money' section

• Next, click on 'Enter Depository financial institution A/c Details'

• Out of the given options, select the bank account linked with your registered mobile number as your Paytm number

• Now, enter your bank account details such as business relationship number and IFSC anad set your MPIN, which will piece of work as an authentication lawmaking for y'all to procedure transactions. Once your MPIN is set, your Virtual Payment Accost (VPA) will exist created, which tin be used for further transactions on the Paytm app

• On the adjacent screen that appears, enter the amount that you lot wish to transfer. You can also add a 'message' for the receiver on the Paytm app

• Upon successful verification or the details, the entered amount will be deducted from your banking company account and will be transferred to some other account

Transfer Money Online Using a Debit Card on Paytm via Wallet

Alternatively, you can as well utilize Paytm's wallet to transfer money online using a debit card. All you need to practise is utilise your debit carte details to add coin to your wallet and just transfer the funds to another banking company/UPI account as and when you crave.

The following steps explicate how you lot tin can add together money to your Paytm wallet using your debit card-

• Log in to the Paytm app using your credentials
• Get the ' Paytm Wallet' section on the home screen of your app
• Enter the amount that you wish to add together from your debit card to your wallet and click on 'Proceed to Add together'
• Select the debit card from which y'all wish to add money from the listing of options available
• An OTP will be sent to your registered mobile number for the purpose of authentication
• Enter the OTP to ostend the transaction
• Upon successful payment from your debit card, the corporeality volition be added to your Paytm wallet
• You tin use this amount to send money to any other bank account, UPI ID, or the like

Why Use Paytm to Transfer Money Online Using a Debit Carte du jour?

Paytm is a mobile payments awarding that supports various money transfer services. Whether you lot wish to use UPI, NEFT, RTGS, or IMPS – Paytm has it all. Moreover, Paytm does non involve whatsoever charges for carrying out transactions. Hither are some of the reasons why you should use Paytm to transfer money online using a debit card-

• Paytm is an piece of cake, unproblematic-to-use awarding
• You tin bear out a UPI transaction on Paytm using either QR lawmaking, UPI ID, by entering the IFSC lawmaking
• Paytm follows all the rules and regulations as laid downward by the Reserve Banking concern of India; hence, it is a completely safe and secure platform
• The Paytm awarding offers 24*vii customer back up service in example of whatever queries or questions
• In that location is a UPI transaction limit per twenty-four hours of Rs. ane lakh on the Paytm awarding
• There are no UPI transaction charges on the Paytm application
• Simplified, hassle-free online payments
• Safe and secure style of money transfer
• Allows you to make payments towards your bills, store on e-commerce websites, etc.
• Lets y'all make payments by scanning QR codes at your nearby departmental stores, chemist shops, etc.
• Regularly paying through UPI likewise helps yous earn disbelieve vouchers, cash back, and other rewards

To Conclude:

UPI and wallet transfers are two of the most mutual and useful ways to transfer money online using a debit card. You can comport out both these types of transactions on the Paytm mobile app.

FAQs

How can I transfer money online using a debit card?

UPI and wallet transfers are 2 of the nearly common and useful means to transfer money online using a debit card. You lot can deport out both these types of transactions on the Paytm mobile app.

Can I employ Paytm wallet to transfer money using a debit card?

Yep, you lot can easily utilize Paytm wallet to transfer money using a debit card. All you need to do is 'Add money' to your Paytm wallet through your debit bill of fare and make the transfer as and when you crave.

How is UPI helpful to transfer money online using a debit card?

UPI is one of the most convenient and safest ways to transfer money online using a debit carte du jour. Information technology takes simply a few minutes of your time to make the transfer and involves quite a uncomplicated and hassle gratis process.

What are the advantages of using Paytm for online money transfer?

Paytm offers the following advantages for online money transfer-

• Paytm is an easy, simple-to-use awarding
• You can carry out a transaction on Paytm using either QR lawmaking, UPI ID, by inbound the IFSC code
• Paytm follows all the rules and regulations every bit laid down by the Reserve Depository financial institution of India; hence, it is a completely safe and secure platform
• The Paytm awarding offers 24*7 customer support service in case of any queries or questions
• Simplified, hassle-free online payments
• Safe and secure mode of money transfer
• Allows you to make payments towards your bills, shop on e-commerce websites, etc.
• Lets you make payments by scanning QR codes at your nearby departmental stores, pharmacist shops, etc.
• Regularly paying through UPI also helps y'all earn discount vouchers, cash back, and other rewards

Mehak Bagla is a financial Content Author with over three years of piece of work experience in the industry. She is a passionate writer with professional approach in digital marketing. In her spare fourth dimension, Mehak loves to write, travel, and mind to music.

Source: https://paytm.com/blog/money-transfer/transfer-money-online-using-a-debit-card/

Posted by: osbornedrel1998.blogspot.com

Share this post