here you can find all possible ways to transfer money from your credit card to bank account. some of these ways allows you to earn by paying a fees and some of them are free.
1. Paytm Wallet (Fees 5 percent)
using paytm you transfer your money from credit card to bank account these below steps you need to follow if you are going to send money.
step:1. add money to paytm wallet
if you have KYC verified Paytm wallet account so, you can easily add money from your credit card to paytm wallet proccess will be similar like other time you added money to wallet.
but this time you need to choose credit card as payment method.
paytm gives some limit to every user for adding money to paytm wallet by using credit card this limit totally depends on your own profile no body knows becuase it is not written anywhere officially on website.
but sometime paytm also charge you some percentage for adding money to paytm wallet using credit card. percentage vary time to time which is 2-5 percent.
Step:2. send money from wallet to bank
now after adding your money to wallet you can send it to your bank but before you start you need to know that you need to pay a fees of 5 percent on your amount.
such as if you are going to add 500 so, you need to pay 25 percent as fees to Paytm.
if you are agree to pay so, you can procced next by entering your amount and it will instantly show you fees. so, then you can proceed next by clicking on proceed button.
now, it will take you to next page where you can choose your bank account in which you want to send money you can select on of those account you already save to your paytm but if you have not saved any yet so, you can add one now by clicking on ADD New button.
2. Paytm Wallet (Fees zero)
if you want to transfer your credit card money to your bank account without paying any percentage to paytm so, you can do it freely but in this case you need to have an paytm merchant but if you don’t have yet so, you can ask some of your friends if they have it already.
so, in this way you nee to first add your paytm wallet that you can easily do by following same process I have told you before.
after adding money from your credit card to wallet now, you can transfer it to someone’s mobile number who have paytm merchant account.
or you can also ask them for QR code scan and pay your money.
but if you are going to pay via mobile number so, tell them to set Mobile number Payment to bank account so, then it will be settled to their bank account otherwise it may go to their wallet.
3. through Mobikwik (2 percent)
Mobikwik is also a wallet that allows you to send your desired money from credit card to bank account after completing KYC which is fully online process.
all you need to create your account then you can add money from your credit card to their wallet and then you can transfer it to you bank account some as you did using paytm wallet.