How to Delete Paytm Business Account? [Step By Step Procedure]

Due to recent Paytm frauds and other unethical activities, the government has started cracking down on these companies. This brought about a new rule which requires all businesses registered with the UIDAI (Unique Identification Authority) to close their business account within 90 days of being recognized as an illegitimate entity by the Government.

The “how to delete paytm account” is a question that has been asked repeatedly. In this article, we will provide you with a step by step procedure on how to delete your Paytm business account.

Delete Paytm Business Account: In today’s world, we utilize a variety of online payment apps to trade money. They improve the quality of your life. They will also provide you access to additional services such as cellphone recharging, LPG booking, and so on. Similarly, we will explore one of the top online payment systems nowadays.

It’s called Paytm, and you’ve probably used it before. It is a multinational technology company based in India. It focuses primarily on e-commerce, digital payment services, and financial services, among other things. Paytm stands for “Pay Through Mobile.” Travel, mobile recharges, movies, fruits and vegetable stores, tolls, restaurants, parking, educational institutions, pharmacies, and other services may all be paid for using Paytm.

You may easily transfer money with the Paytm QR code. It also adds a new kind of account, aimed mostly at merchandisers. Paytm Business is the name of the company. You may transfer up to 50,000 rupees from this account. However, you may choose to remove your Paytm Company account for a variety of reasons, including the discontinuation of your business or the need to find a new method of transaction. Here, we’ll walk you through some easy steps for deleting your Paytm Business account.

How can I get rid of my Paytm Business account?

Paytm Business works on both Android and iOS smartphones. Paytm Business may be downloaded through the individual app stores on your smartphone. You have two options for deleting your Paytm account. One is to use the direct way, and the other is to use the help page. If you wish to remove your Paytm account, follow the steps outlined below.

How Do I Delete My Paytm Business Account?

Without any further procedures, you may quickly remove your Paytm account. Because it has a feature that allows you to cancel your account. As a result, you may remove your account using the app’s option.

How can I get rid of my Paytm Business account?

Step 1:

To begin, go to Paytm Business and log in to your account.

Step 2:

In the upper left corner, you should now see the hamburger sign.

Step 3:

Select the option for a Business Profile.

Step 4:

The profile data may be found under the business profile.

Step 5:

At the bottom of the page, you’ll see the option to deactivate your account.

Step 6:

Your account will be deleted in the following two working days if you make a request message to Paytm Business.

How can I delete my Paytm Business Account via the Support Page?

You may remove your Paytm account by going to the Support website. To deactivate your Paytm Business account, follow the steps outlined below.

Step 1:

Log in to your Paytm Business account on your smartphone.

Step 2:

You will now be sent to the Homepage, where you can see your payment information.

Step 3:

The Menu option may be found in the upper left corner of your screen. To obtain additional alternatives, choose it.

Step 4:

Also, go through the menus and pick Help & Support.

Step 5:

Then choose Profile from the drop-down menu.

Step 6:

You may now view some typical questions to help you progress. Select the option I wish to delete my merchant account from those questions.

Step 7:

After that, choose Deactivate your merchant account from the drop-down menu.

Step 8:

Finally, pick Deactivate my account from the drop-down menu.

Step 9:

Click Deactivate Account under Payment Sources & Charges.

If you followed all of the steps above successfully, you will get an email stating that your request is being processed, and your account will be deactivated within 24 to 48 hours.

FAQ

Is it possible to get rid of my Paytm Business account?

Yes, you may simply remove your Paytm Business account. To remove your Paytm account, use the deactivate option in the app. Use this option to exit Paytm Business.

Conclusion

Paytm Business is one of the most famous and well-known online transaction apps. You may use Paytm Business to send money to any service, such as meals, transport, tolls, and so on. Although, for various reasons, we may choose to remove our account. Paytm Business may be deleted with ease. You may also follow the instructions above to cancel your Paytm Business account. You can simply install and log in to it again at the same time. 

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Frequently Asked Questions

How do I delete my merchant account?

A: You can delete your merchant account by following the steps in this article.

Can Paytm account be deleted permanently?

A: If you want to delete your Paytm account permanently, there is a way for it. You will need to contact them through their customer support portal and provide proof that the email address associated with your account has been compromised in order to reset the password of this account.

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