Difference between revisions of "PayTM"

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'''XXXXXXX''' is a payment method added in Bisq vX.X.X.  
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'''PayTM''' is a payment method added in Bisq v1.7.5.  
  
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XXXXXXX is a payment......
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PayTM is an e-commerce payment system and financial technology company, based in India. PayTM has around 350 million users. Users can send funds to each other via the PayTM wallet.
  
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== What countries are available for XXXXXXX? ==
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== Where can I find out more about PayTM? ==
  
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XXXXXXX is available in the following countries; 
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Here is a list of PayTM resources:
  
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== What currencies are available for XXXXXXX? ==
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* [https://paytm.com/ PayTM website]
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* [https://www.youtube.com/watch?v=_twGGicE_OQ PayTM video explainer]
 +
* [https://paytm.com/blog/paytm-help/what-is-paytm-wallet-and-how-to-use-it/ PayTM wallet blog post]
 +
* [https://en.wikipedia.org/wiki/Paytm PayTM Wiki]
  
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XXXXXXX supports the following currencies; 
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== What countries are available for PayTM? ==
  
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== What is the maximum trading duration for XXXXXXX? ==
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PayTMis available users in India.
  
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The maximum trade time is X days. Generally XXXXXXX transfers will be completed within X days.
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== What currencies are available for PayTM? ==
  
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== What is the maximum BTC limit for an XXXXXXX trade? ==
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PayTM supports INR currency.
  
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0.25 BTC.
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== What is the maximum trading duration for PayTM? ==
  
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== Is XXXXXXX a payment method that can be signed? ==
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The maximum trade time is 1 day. Generally PayTM transfers will be completed instantly.
  
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== How do I set up a XXXXXXX account? ==
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== What is the maximum BTC limit for an PayTM trade? ==
  
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== How do I add XXXXXXX as a payment method in Bisq? ==
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0.025 BTC.
  
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It is easy to add your XXXXXXX account to Bisq.
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== Is PayTM a payment method that can be signed? ==
 +
 
 +
No, PayTM accounts do not require signing.
 +
 
 +
== How do I set up a PayTM account? ==
 +
 
 +
Vist the [https://paytm.com/ PayTM website] to set up an account. You will need an Indian bank account.
 +
 
 +
== How do I add PayTM as a payment method in Bisq? ==
 +
 
 +
It is easy to add your PayTM account to Bisq.
  
 
# Go to the top menu in Bisq and select Account.  
 
# Go to the top menu in Bisq and select Account.  
 
# Then select National Currency Accounts.  
 
# Then select National Currency Accounts.  
 
# Click add new account
 
# Click add new account
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# Select XXXXXXX
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# Select PayTM
 
# Complete the details
 
# Complete the details
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# Choose to use a custom account name this helps makes it easier for you to manage multiple payment methods in Bisq (this will be visible only to you, for example: XXXXXXX - CURRENCY- NAME)
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# Choose to use a custom account name this helps makes it easier for you to manage multiple payment methods in Bisq (this will be visible only to you, for example: PayTM - INR - Aam Aadmi)
 
# Click save new account
 
# Click save new account
  
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If you have more than one XXXXXXX account you wish to add to Bisq you can create different accounts for each.
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Make sure all the details are correct when you add.
 +
 
 +
{{Admonition_Warn|Please make sure to include your email or phone number that matches your email or phone number is your PayTM account.
 +
 
 +
When users set up a PayTM account with No KYC users are limited to:
 +
 
 +
* Maximum of Rs. 5,000 can be sent per transaction.
 +
* Maximum of Rs. 10,000 can be held in someone's PayTM wallet.
 +
 
 +
If you intend to trade amount of over 5,000 per trade you will need to complete KYC with PayTM. With KYC users are limited to:
  
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Make sure all the details are correct when you add.
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* Maximum of Rs. 100,000 can be sent per transaction.
 +
* Maximum of Rs. 100,000 can be held in someone's PayTM wallet.
 +
 
 +
Users should also be aware of account limits. Trades above PayTM account limits will likely have to take place over more than one day, or, be cancelled.}}
 +
 
 +
== How do I buy BTC with my PayTM account? ==
  
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== How do I buy BTC with my XXXXXXX account? ==
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You can buy BTC with PayTM on Bisq in 2 waysː
  
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You can buy BTC with XXXXXXX on Bisq in 2 waysː
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# Make an offer to buy BTC on the INR market.
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# Take an offer to buy BTC on the INR market.
  
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# Make an offer to buy BTC on the XXXXXXX market.
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In order to make a payment or transfer funds through PayTM, you just need your recipients PayTM registered email or phone number. No other information is needed.
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# Take an offer to buy BTC on the XXXXXXX market.
 
  
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When the offer is confirmed Bisq will provide you with the BTC Sellers XXXXXXX details for you to complete the payment. You should send payment immediately and confirm you have done so in Bisq by clicking 'payment started'.
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When the offer is confirmed Bisq will provide you with the BTC Sellers PayTM details for you to complete the payment. You should send payment immediately and confirm you have done so in Bisq by clicking 'payment started'.
  
 
If you have the option to include a payment reference please leave it blank. If your bank requires one, please just use your name that matches your bank account.
 
If you have the option to include a payment reference please leave it blank. If your bank requires one, please just use your name that matches your bank account.
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Once the BTC Seller receives your payment they will confirm in Bisq and your security deposit and your purchased trade amount will be available in your wallet.
 
Once the BTC Seller receives your payment they will confirm in Bisq and your security deposit and your purchased trade amount will be available in your wallet.
  
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== How do I sell BTC with my XXXXXXX account? ==
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{{Admonition_Warn|Please send payment only to the email address or phone number provided.
  
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You can sell BTC with XXXXXXX on Bisq in 2 waysː
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If you intend to trade amount of over Rs. 5,000 per trade you will need to complete KYC with PayTM.
  
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# Make an offer to sell BTC on the XXXXXXX market.
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With No KYC Rs. 5,000 can be sent per transaction.
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# Take an offer to sell BTC on the XXXXXXX market.
 
  
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When the offer is confirmed Bisq will provide with the BTC Buyer with your XXXXXXX details for you to complete the payment. They should send payment at their first opportunity and confirm they have done so in Bisq by clicking 'payment started'.
+
With KYC users Rs. 100,000 can be sent per transaction.}}
 +
 
 +
== How do I sell BTC with my PayTM account? ==
 +
 
 +
You can sell BTC with PayTM on Bisq in 2 waysː
 +
 
 +
# Make an offer to sell BTC on the INR market.
 +
# Take an offer to sell BTC on the INR market.
 +
 
 +
When the offer is confirmed Bisq will provide with the BTC Buyer with your PayTM details for you to complete the payment. They should send payment at their first opportunity and confirm they have done so in Bisq by clicking 'payment started'.
  
 
Once you receive payment from the BTC Buyer you should confirm payment has been received in Bisq. One you have done this the BTC Buyer will receive their funds and you will receive your security deposit back.
 
Once you receive payment from the BTC Buyer you should confirm payment has been received in Bisq. One you have done this the BTC Buyer will receive their funds and you will receive your security deposit back.
  
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== Are there any limits for me to be aware of when using my XXXXXXX account? ==
+
{{Admonition_Warn|If you intend to trade amount of over Rs. 5,000 per trade you will need to complete KYC with PayTM. With KYC users are limited to:
 +
 
 +
* Maximum of Rs. 100,000 can be sent per transaction.
 +
* Maximum of Rs. 100,000 can be held in your PayTM wallet.
 +
 
 +
Users should also be aware of account limits. As a maximum of Rs. 100,000 can be held in your PayTM wallet please make sure you transfer out your rupees regularly.}}
 +
 
 +
== Are there any limits for me to be aware of when using my PayTM account? ==
 +
 
 +
With No KYC users are limited to
 +
 
 +
* Maximum of 5,000 INR can be sent per transaction.
 +
* Maximum of 10,000 INR can be held in someone's PayTM wallet.
 +
 
 +
With KYC users are limited to
 +
 
 +
* Maximum of 100,000 INR can be sent per transaction.
 +
* Maximum of 100,000 INR can be held in someone's PayTM wallet.
 +
 
 +
This means that for Bisq a KYC PayTM wallet will be practical for transactions. Users should also be aware of account limits.
 +
 
 +
== Are there any fees for me to be aware of when using my PayTM account? ==
 +
 
 +
Free for personal use.
  
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== Are there any fees for me to be aware of when using my XXXXXXX account? ==  
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== How does dispute resolution when trading with PayTM? ==
  
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== How does dispute resolution when trading with XXXXXXX? ==
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Payment is made on bank smart phone app. Screenshots / videos can be used for verification.
  
 
If a dispute occurs the mediator may ask the buyer to send them information showing that they made the payment of the correct amount to the BTC Seller within the correct time frame.  
 
If a dispute occurs the mediator may ask the buyer to send them information showing that they made the payment of the correct amount to the BTC Seller within the correct time frame.  

Latest revision as of 18:36, 16 June 2024

PayTM is a payment method added in Bisq v1.7.5.

PayTM is an e-commerce payment system and financial technology company, based in India. PayTM has around 350 million users. Users can send funds to each other via the PayTM wallet.

Where can I find out more about PayTM?

Here is a list of PayTM resources:

What countries are available for PayTM?

PayTMis available users in India.

What currencies are available for PayTM?

PayTM supports INR currency.

What is the maximum trading duration for PayTM?

The maximum trade time is 1 day. Generally PayTM transfers will be completed instantly.

What is the maximum BTC limit for an PayTM trade?

0.025 BTC.

Is PayTM a payment method that can be signed?

No, PayTM accounts do not require signing.

How do I set up a PayTM account?

Vist the PayTM website to set up an account. You will need an Indian bank account.

How do I add PayTM as a payment method in Bisq?

It is easy to add your PayTM account to Bisq.

  1. Go to the top menu in Bisq and select Account.
  2. Then select National Currency Accounts.
  3. Click add new account
  4. Select PayTM
  5. Complete the details
  6. Choose to use a custom account name this helps makes it easier for you to manage multiple payment methods in Bisq (this will be visible only to you, for example: PayTM - INR - Aam Aadmi)
  7. Click save new account

Make sure all the details are correct when you add.

Warn
 Please make sure to include your email or phone number that matches your email or phone number is your PayTM account.

When users set up a PayTM account with No KYC users are limited to:

  • Maximum of Rs. 5,000 can be sent per transaction.
  • Maximum of Rs. 10,000 can be held in someone's PayTM wallet.

If you intend to trade amount of over 5,000 per trade you will need to complete KYC with PayTM. With KYC users are limited to:

  • Maximum of Rs. 100,000 can be sent per transaction.
  • Maximum of Rs. 100,000 can be held in someone's PayTM wallet.

Users should also be aware of account limits. Trades above PayTM account limits will likely have to take place over more than one day, or, be cancelled.

How do I buy BTC with my PayTM account?

You can buy BTC with PayTM on Bisq in 2 waysː

  1. Make an offer to buy BTC on the INR market.
  2. Take an offer to buy BTC on the INR market.

In order to make a payment or transfer funds through PayTM, you just need your recipients PayTM registered email or phone number. No other information is needed.

When the offer is confirmed Bisq will provide you with the BTC Sellers PayTM details for you to complete the payment. You should send payment immediately and confirm you have done so in Bisq by clicking 'payment started'.

If you have the option to include a payment reference please leave it blank. If your bank requires one, please just use your name that matches your bank account.

Once the BTC Seller receives your payment they will confirm in Bisq and your security deposit and your purchased trade amount will be available in your wallet.

Warn
 Please send payment only to the email address or phone number provided.

If you intend to trade amount of over Rs. 5,000 per trade you will need to complete KYC with PayTM.

With No KYC Rs. 5,000 can be sent per transaction.

With KYC users Rs. 100,000 can be sent per transaction.

How do I sell BTC with my PayTM account?

You can sell BTC with PayTM on Bisq in 2 waysː

  1. Make an offer to sell BTC on the INR market.
  2. Take an offer to sell BTC on the INR market.

When the offer is confirmed Bisq will provide with the BTC Buyer with your PayTM details for you to complete the payment. They should send payment at their first opportunity and confirm they have done so in Bisq by clicking 'payment started'.

Once you receive payment from the BTC Buyer you should confirm payment has been received in Bisq. One you have done this the BTC Buyer will receive their funds and you will receive your security deposit back.

Warn
 If you intend to trade amount of over Rs. 5,000 per trade you will need to complete KYC with PayTM. With KYC users are limited to:
  • Maximum of Rs. 100,000 can be sent per transaction.
  • Maximum of Rs. 100,000 can be held in your PayTM wallet.

Users should also be aware of account limits. As a maximum of Rs. 100,000 can be held in your PayTM wallet please make sure you transfer out your rupees regularly.

Are there any limits for me to be aware of when using my PayTM account?

With No KYC users are limited to

  • Maximum of 5,000 INR can be sent per transaction.
  • Maximum of 10,000 INR can be held in someone's PayTM wallet.

With KYC users are limited to

  • Maximum of 100,000 INR can be sent per transaction.
  • Maximum of 100,000 INR can be held in someone's PayTM wallet.

This means that for Bisq a KYC PayTM wallet will be practical for transactions. Users should also be aware of account limits.

Are there any fees for me to be aware of when using my PayTM account?

Free for personal use.

How does dispute resolution when trading with PayTM?

Payment is made on bank smart phone app. Screenshots / videos can be used for verification.

If a dispute occurs the mediator may ask the buyer to send them information showing that they made the payment of the correct amount to the BTC Seller within the correct time frame.

The mediator may ask the seller to send them information to prove their account details are correct, or in the case of the BTC Buyer making a payment late, or of the wrong amount.

For more information see dispute resolution.

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