You can send money to someone via PayTM, there are two methods available for sending money to someone using your PayTM account.
Method 1: Send money to someone’s PayTM account from your PayTM account.
Method 2: Send money to someone’s Bank account from your PayTM account.
How to Transfer money from one PayTM Wallet (account) to another
For sending Money from your PayTM Account to Others Account Follow the Steps Below.
Although you can use the PayTM app also for sending money, but, here I’m showing you’re how to do that via the PayTM website. Follow the step by step guide from below.
Step 1: Go to Paytm.com and login to your account. (Read: How to create PayTM Account)
Step 2: Then open paytm.com/paytmwallet and there you will see option to transfer money from one PayTM wallet to another
Step 3: Here all you need to do is enter the amount and enter the mobile number of the recipient (whom you are sending money to.)
Step 4: after entering details, click on the transfer button and your money will be transferred from one account to another instantly.
How to Transfer Money from PayTM Wallet to Bank Account
Transferring money from PayTM account to bank account (whether it’s your account or someone else) is pretty different. You can’t do this without the PayTM Wallet App, so I would recommend you to download the PayTM Wallet app for your smartphone first and install it. You can download PayTM wallet from the links mentioned below.
Although if you already have PayTM wallet installed, then you are ready to go, directly jump into the step by step guide below.
Step 1: Open PayTM wallet and sign into your account.
Step 2: Now click on the money transfer option (you can find it at the bottom).
Step 3: Enter the bank account details where you want to transfer the money to.
Step 4: after that click on Transfer button, and within a fraction of seconds your money will be transferred to that bank account.
Note: PayTM will charge 4% of the transferred amount for this kind of transactions, where transferring money from one PayTM wallet to another is free.
You can send money to someone’s PayTM account from both of the website and apps, but if you want to send money from your PayTM wallet to someone’s bank account then you have to download the PayTM wallet app on your smartphone.