Select Paytm merchant partners can transfer the payments received from customers to their bank accounts whenever they want using the Instant Settlements feature. Think of this as a balance that keeps increasing as you receive payments. If Instant Settlement is enabled on your account, you have two options to transfer this balance to your bank account -
- You can manually transfer an amount greater than Rs. 50 any time to your bank account via the Paytm for Business app, as many times as you want.
- You can opt for same-day auto-transfer which doesn’t require you to initiate any manual transfers. You can select any of the following options for automatic same-day bank transfer -
- Once a day at 5:00 AM
- Twice a day at 5:00 AM and 4:00 PM
- Thrice a day at 5:00 AM, 12:00 PM and 6:00 PM