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How Can I Withdraw Money from Neteller to PayTM?

How can I withdraw money from Neteller to Paytm?

Neteller is a global digital wallet, and a popular method for making payments on international websites, especially for online gambling and betting. Such websites allow players to make deposits as well as withdrawals using Neteller. But Neteller is still not a popular payment option for `general´ use in India, whereas Paytm is widely accepted by Indian merchants, both online and offline. How can I withdraw money from Neteller to Paytm?

That is a very common question that we get.

How can I withdraw money from Neteller to Paytm?

Currently, Neteller does not facilitate the direct transfer of funds to Paytm. Paytm has only been authorized to carry out payments to and from India by the RBI, and Neteller being an international wallet, cannot be used to transfer money to Paytm.

There is, however, an `unofficial´ way of doing such transfers by using online `exchangers´. An online search will help you find many such `exchangers´ which can help you transfer money from Neteller to Paytm.

You will first need to transfer money from your Neteller account to another Neteller account belonging to the exchanger. You will usually be asked to submit proof of such transfer by sharing a screen shot or a photo of the transaction. Once the money is transferred, the exchanger will transfer the amount from their Paytm account to your account, with the help of your phone number.

There are certain minimum and maximum limits, which differ on different websites, and are typically charged a percentage of the amount transferred, as fees.

How can I withdraw money from Neteller to Paytm? As we have mentioned above, it is possible but it is a bit risky. Such transactions are not regulated by any authority and work solely on trust. There are high chances that you may land upon a fraudulent website and end up losing your money.

In order to guarantee the safety of your funds, you may either choose to keep the amount in your Neteller wallet itself for future use or to withdraw it directly to your bank account.

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