PayTm used for cheating, PayTm must have means of recovering the amount

I saw a message offering POCCO PHONE FA 1 for Rs.2499 as the day's offer. Once I logged in, it asked for credit card payment, once I gave details it took to PayTm and payee is one Shri sai Pharmaceuticals. The firm does not deal with smartphones and is a fraud and collecting money through Paytm, Paytm owns no responsibility for such payment against a fake offer and thus the Paytm has become a medium of fraud.
Paytm must recover from the bank to which it credited the amount. more  

View all 20 comments Below 20 comments
Paytm Bank is an institution whose customer service executive is always anxious to close an issue without applying mind. It is a big enabler for fraudsters. I accidentally paid an amount to a vendor in Bangalore whilst I'm Delhi. He refused to refund and Paytm did not cooperate to claw back the funds. online purchases should be carried out with care. There is no mechanism of relief. You can report GST authority if it was charged. more  
Don't get lured with such unbelievable offers, that too from an unknown sight or person and provide the details of your debit/credit cards' details or details of your bank account. Moreover, when Paytm itself is not taking any responsibilities for such transactions through its wallet, its foolishness to go ahead to complete the transactions for an item price for which quoted is far below its usual price. The ultimate result is as you are suffering now. So be aware and have some sort of control over greed. more  
In the name of digital we are facing Online fraud in greater rate. RBI need to interfere this.

As a consumer we should not fall in free/reduced price offer. We should open our eyes always before doing any transaction. more  
While dealing with any unknown parties and payments, please go through their ratings and other's remark. more  
PAYTM has been looting its customers since the time it was established. I had an account even before demonetisation. In 2014, I opened PAYTM wallet and deposited 1000 in it. Few days later, there was no money in it even though I did not carry out any transactions. Contacted customer care but they will just keep on saying that they are doing something about it. I uninstalled PAYTM.
Even during demonetisation, PAYTM used Modi's images for self promotion without his permission. No one prosecuted them. Many businessmen who used it lost money. Money transfer is done but never reaches the opposing side. PAYTM made a lot of profits by looting money while it is being transferred and lack of response of its customer care.
If the same thing happens in a bank, you can go to a branch & demand service from the personnel but since PAYTM has no branches, no one can question them.
I have been using AIRTEL PAYMENT BANK since 3 years and it works perfectly. I do not get any ads from unknown people and only curated deals from AIRTEL. I usually do not bother with those deals. In 3 years, I have never had to call customer care for refunds.
I have encouraged my dad of 67 years to use it since past year and we had no problem in his account either. I am asking all members of my family to get it.
I have also bought FASTAG from AIRTEL and it is working perfectly. more  
Post a Comment

Related Posts

    • Medlife nevligence

      Online companies, like Medlife which supply allopathic, Ayurvedic and other medicines , have no system to directly communicate with client.assure till last moment, and ship order by writing out of ...

      By Satyapal Singh
      /
    • TIMES OF INDIA SUBSCRIPTION

      Paid six month online subscription amount directly to TImes publication thru web in first week of March 2020, Till today neither the paper is delivered nor amount refunded Just imagine the Re...

      By Anil Jashnani
      /
    • Is Consumer Affairs serious about misleading ads

      LocalCircles see attached. Is the Ministry of Consumer Affairs paying attention to your/our submission to bring about a law or is it not a priority. Heavy penalties are important if misleading ads ...

      By Sneha Goyal
      /
    • Fraud delivery of wrong product by FLIPKART and negligent reply for replacement/refund by Flipkart

      I had ordered apple watch series 5(GPS+cellular) on June 19th and did the payment of ₹65965/- through debit card and on june 26th I received the delivery of the order.But the issue here is the one ...

      By Varsha G
      /
    • See how ads mislead us

      Very good report localcircles in misleading advertisements. Many brands even big ones are misleading consumers and the Govt is a mute spectator. Everyone pls go through this report and keep ur eyes...

      By Sarita Ravichandran
      /
    • Prices of petroleum products

      Past few days a new phenomenon has come up regarding pricing of petroleum products Irrespective of variation in crude oil prices there is an increase in diesel and petroleum prices andGOI is silent...

      By Manakchand Agrawal
      /
    • Drug and magic remedies act

      Attached is the drug and magic remedies act. Where sadhu and yogi babas, acharyas and some even large corporates make misleading claims and give misleading ads fooling public while the self ...

      By Ashima Gupta
      /
    • Pulse Oximeters - Price Cap and standardisation

      we need to cap prices of pulse oximeters. Prices seem to be increasing exponentially. Also any quality checks / criteria - guidance for the common person using these devices? Does bis have standard...

      By Reeta Kumar
      /
    • RESPONSE FROM CONSUMER AFFAIRS MINISTRY BANG ON THE HEAD :

      We the Consumers have shown our concern about the increase in dependence on Chinese Imports and Smuggling through porous borders . The past 4 /5 years we have all expressed the various type of pro...

      By Jayakumar Daniel
      /
    • Frauds in bank transactions and bank escapes from responsibility to withhold the transactions

      Currently fraudsters become active highly and cheat bank customers by many techniques, innocent customers of banks looted and they do all necessary things to save their hard earned money but banks ...

      By Amit Shah
      /
    • Amazon is not scared of government policy coz of government don’t run amazon, but amazon runs gov

      I had very bad experience this year. All r repetuated company but just for name. This all issue started from 1-Amazon- I bought iPhone 11128gb but amazon deliver me defective and when I ask fo...

      By Raja Gupta
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)