Credit Cards

Paytm: Pay House Bills with any MC, no referrals in thread, no pay CC with CC

  • Last Updated:
  • Nov 8th, 2019 9:27 pm
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[OP]
Newbie
Mar 15, 2017
1 posts
78 upvotes

Paytm: Pay House Bills with any MC, no referrals in thread, no pay CC with CC

Just found this ios/android app called "Paytm Canada", apparently you can pay any bills through the app. The nice thing is you can link your credit card, so you will get cashback/points which are not common when paying certain types of bills.

I was suspicious at first, but I just managed to pay my property tax bill successfully.

Paytm seems like a legit company, with big footprint originating from India.
Last edited by titaniumtux on Nov 29th, 2018 10:44 am, edited 3 times in total.
Reason: Title fix
Thread Summary
To link bank account in PayTM
  1. Major banks - log in via embedded session to your bank and select bank account(s) you would like to link
  2. Small banks, credit unions, subbies - grab PAD info (transit, institution, account numbers) and input them to initiate micro-deposits. Warning PayTM WILL claw back micro-deposits once confirmed, and this will count against that account's monthly withdrawals
  3. If account number is greater than 10 digits - provide PAD info via support ticket. They'll initiate micro-deposits and confirm the amounts via support ticket. This is the case for certain credit unions and other small FI's
  4. DO NOT LINK Koho or Stack (as bank accounts), or any big bank "deep savings" accounts that don't offer no-fee withdrawals. Also don't link Meridian good to grow HISA or Motusbank HISA as they don't allow pre-auth withdrawals. Koho might work as they allow pre-auth payments, so will update once we get DP's
To enable the option of funding PayTM Cash via e-transfer if you do not see the option under PayTM Cash>Add Money>Other Options, simply open a support ticket to have the feature added.

Added by @titaniumtux


List of Master Card used by PayTM payment without cash advance charge by the issuer
  1. BMO MasterCard - link to post
  2. CTFS
  3. MBNA Alaska world elite - link to post
  4. RBC WestJet WE Mastercard - link to post
  5. HSBC Premier World Elite Mastercard
  6. Tangerine MasterCard
  7. Rogers/Fido MasterCard
  8. Walmart MasterCard

List of Master Card used by PayTM payment with cash advance charge by the issuer
  1. MBNA rewards world elite - ONLY property tax payments *edit* as of Mar. 2018 issue may have been fixed at least for some cities

Current gift card cashback offers:
  1. 3% Esso
  2. 3% Tim Hortons
  3. 3% Amazon.ca
  4. 10% Just Eat
  5. 2% Best Buy
  6. 5% Indigo
  7. 5% Foodora
  8. 5% Warby Parker
  9. 10% Endy
  10. 15% Giftagram
Fees:
Image
8139 replies
Member
Jul 23, 2009
490 posts
313 upvotes
Brampton, ON
Seems like patym has launched its services in Canada and currently they are waiving transaction fees to pay .
Not availabe in QC. Rest of canada Seems OK
tried to pay City taxes and hydro bill using my credit card and it seems to work. should get a nice cashback from my Rogers mastercard :D

the cashback earned is using your CC not PAYTM.
edit: checked my pending transactions on CC, show up "Type: Mail/Phone Order" so should be good and not cash advance.

Edit : investing accounts not available anymore.

link to app
iOS : https://itunes.apple.com/ca/app/paytm-c ... 51363?mt=8
Android :https://play.google.com/store/apps/deta ... one97.hero
Kasakato wrote:
Mar 17th, 2017 11:00 am
Canadian Tire bill pay 2.0 it seems.
hvwozq wrote:
Mar 17th, 2017 12:42 pm
More like Plastiq's competition, not Canadian Tire 2.0.
Paytm is being charged credit card fees, not the payees.
They are probably eating all the fees right now just to get people in.
plastiq-pay-any-bill-credit-card-0-2-5-fee-2016387/

some reading.
http://mobilesyrup.com/2017/03/16/mobil ... tm-canada/
Last edited by desi_mtl_dude on Mar 17th, 2017 10:42 am, edited 6 times in total.
Deal Expert
Mar 25, 2005
21294 posts
2126 upvotes
Fee appears to be a flat $0.50 in the terms? I wonder if it will change to a percent rate post launch.
Last edited by Kasakato on Mar 17th, 2017 10:57 am, edited 1 time in total.
Deal Expert
Mar 25, 2005
21294 posts
2126 upvotes
Just checked the list of payees and there are some very interesting ones there. Canadian Tire bill pay 2.0 it seems.
Member
Jul 23, 2009
490 posts
313 upvotes
Brampton, ON
i agree.
i did 2 payments and one less than 100 and one more than 1000 and both cases the fee was 50 cents, which was rebated. so if this is the case, will make sense to use this even once the fee rebate is gone
Deal Addict
User avatar
Mar 30, 2006
4040 posts
16687 upvotes
TORONTO
Sorry but the deal here is they're waiving the transaction fee (for launch)? The cash back OP is mentioning is from his CC?
Member
Jul 23, 2009
490 posts
313 upvotes
Brampton, ON
yes,
the cashback is from CC. traditionally for city taxes, utilties, you cannot pay with CC without fees ( 1-2%), but this allows to pay using CC and earn cashback on CC
Deal Expert
Mar 25, 2005
21294 posts
2126 upvotes
anon_s wrote:
Mar 17th, 2017 11:15 am
Sorry but the deal here is they're waiving the transaction fee (for launch)? The cash back OP is mentioning is from his CC?
Pay your bill using your CC, for free. The deal is they waive the $0.50 fee and you gain your CC benefits.
Deal Fanatic
User avatar
Apr 10, 2003
5475 posts
1049 upvotes
Toronto
can we pay property tax using this service?
Member
Jul 23, 2009
490 posts
313 upvotes
Brampton, ON
ricedion wrote:
Mar 17th, 2017 11:25 am
can we pay property tax using this service?
I did try to pay property taxes and they are in pending status. will update OP once they are confirmed.
Deal Addict
Dec 6, 2002
3961 posts
1910 upvotes
Vancouver
Hope these transactions aren't processed as 'Cash like transactions'

Ron.
Member
Jul 23, 2009
490 posts
313 upvotes
Brampton, ON
newfbc wrote:
Mar 17th, 2017 11:28 am
Hope these transactions aren't processed as 'Cash like transactions'

Ron.
see OP. trx shows up as mail/phone order.
Deal Addict
User avatar
Mar 9, 2012
2678 posts
1470 upvotes
Kitchener
I can't imagine the payee's swallowing the fee's that credit card companies charge.

Must be a hitch somewhere.
How can we fly like eagles, when we're governed by Turkeys?
Member
Jul 23, 2009
490 posts
313 upvotes
Brampton, ON
jeff1970 wrote:
Mar 17th, 2017 11:29 am
I can't imagine the payee's swallowing the fee's that credit card companies charge.

Must be a hitch somewhere.
That is yet to be seen. I believe it was launched today, and they seem to have flat trx fees. more details will come soon.
Newbie
Aug 7, 2006
65 posts
11 upvotes
Wish i can pay my condo fees this way

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