How to Transfer Money from Neteller to Paytm: A Step-by-Step Guide

Transferring money from Neteller to Paytm, PhonePe, GooglePay etc is a common need for users in India who use these digital wallets for online transactions. As of June 2025, Neteller does not support direct transfers to Paytm due to regulatory restrictions and system incompatibilities. This guide explains why direct transfers aren’t possible, provides a safe and reliable workaround, and suggests a trusted exchange platform.

Why Can’t You Transfer Money Directly from Neteller to Paytm?

Neteller is a global e-wallet primarily used for international payments, such as online gaming, forex trading, and merchant transactions. Paytm, however, is an Indian digital wallet regulated by the Reserve Bank of India (RBI) for domestic payments. According to Neteller’s official resources, direct transfers to other payment providers like Paytm are not supported because their systems are not interconnected. The exception is Neteller’s sister platform, Skrill, also owned by Paysafe. Additionally, Paytm’s RBI authorization limits its ability to accept funds directly from international wallets like Neteller.

To move funds from Neteller to Paytm, you’ll need an indirect method. Below, we outline two practical approaches: transferring funds via a bank account and using a trusted exchange service like Changebuz.com.

Option 1: Transfer Money from Neteller to Paytm via Bank Account

This is the most straightforward and secure method to transfer funds indirectly.

Step 1: Withdraw Funds from Neteller to Your Bank Account

1. Log into Your Neteller Account: Access your Neteller account via the website or mobile app. Ensure your account is verified and has sufficient funds for the withdrawal.

2. Go to the Withdrawal Section: Navigate to the “Money Out” section in your Neteller dashboard. Select “Bank Transfer” as your withdrawal method. This option is available for most countries, including India, depending on your account status.

3. Link and Verify Your Bank Account: If you haven’t added a bank account, select “Add a Bank Account.” Provide your bank details, including:

• Account holder’s name
• Bank account number
• IFSC code (for Indian banks)
• Bank name and branch details 

Neteller may send a micro-deposit (a small amount) to verify your account. Check your bank statement for this deposit within 2–5 business days and enter the amount in Neteller to confirm.

4. Initiate the Withdrawal: Enter the amount you want to withdraw. Note that Neteller charges a withdrawal fee, typically $10 USD (or equivalent) for bank transfers, regardless of VIP status. Confirm the transaction using your Secure ID or two-factor authentication.

5. Wait for Processing: Bank withdrawals from Neteller typically take 2–5 business days to reflect in your Indian bank account, depending on your bank’s processing times.

Step 2: Transfer Funds from Your Bank Account to Paytm

1. Log into Your Paytm Account: Open the Paytm app or website and log in using your registered mobile number.

2. Add Money to Your Paytm Wallet: Go to the “Paytm Wallet” section and click “Add Money.” Enter the amount you wish to transfer from your bank account.

3. Select Your Bank Account: Choose the bank account where you received the Neteller funds. If it’s not linked, add it using your bank account number, IFSC code, and account holder’s name. Verify the account via OTP or other authentication methods as prompted.

4. Complete the Transaction: Confirm the transfer. Funds are usually credited to your Paytm wallet instantly, provided your bank supports UPI or IMPS. Paytm may charge a nominal fee (typically 1–2%) for adding money to the wallet, depending on the payment method.

Option 2: Use a Trusted Exchange Service Like Changebuz.com.

If you prefer a faster or more flexible alternative, you can use a reputable third-party exchange service like Changebuz.com to convert your Neteller funds to Paytm. Changebuz.com is a trusted platform that facilitates the exchange of digital currencies and e-wallet funds, including Neteller to Paytm transfers.

Steps to Use Changebuz.com

1. Visit www.changebuz.com: Go to the official ChangeBuz's website and create an account if you don’t already have one. Ensure you’re on the legitimate site to avoid scams.

2. Select Neteller to Paytm Exchange: On the homepage, choose “Neteller” as the source currency and “Paytm” as the destination. Enter the amount you wish to exchange.

3. Provide Transaction Details: Enter your Neteller account details (e.g., email or account ID) and your Paytm registered mobile number. Double-check the information to avoid errors.

4. Review Fees and Exchange Rate: ChangeBuz.com will display the exchange rate and any applicable fees. These vary based on market rates and the platform’s service charges. Ensure you’re comfortable with the total amount you’ll receive in your Paytm wallet.

5. Complete the Exchange: Follow the instructions to transfer funds from your Neteller account to Changebuz.com’s designated Neteller account. Once Changebuz.com verifies the payment, they will credit the equivalent amount to your Paytm wallet, typically within a few hours.

6. Verify Receipt: Check your Paytm wallet to confirm the funds have been credited. Contact Changebuz.com’s customer support if you encounter any issues.

Key Considerations and Fees

• Neteller Withdrawal Fees: Expect a $10 USD fee (or equivalent) for bank transfers. Additional currency conversion fees may apply if your Neteller account is in a different currency (e.g., USD to INR).
• Paytm Fees: Adding money to your Paytm wallet via bank transfer may incur a 1–2% fee, depending on the payment method.
• Changebuz.com Fees: Exchange services charge a fee or apply a markup on the exchange rate. Check the final amount you’ll receive before confirming the transaction.
• Processing Time: Bank transfers take 2–5 business days, while Changebuz.com exchanges are typically faster (a few hours to 4 hours).
• Regulatory Compliance: Ensure your Neteller and Paytm accounts are KYC-verified to avoid delays or restrictions. Indian regulations may require you to report large international transfers to comply with FEMA (Foreign Exchange Management Act).

Tips for a Smooth Transfer

• Verify Account Details: Double-check bank account and Paytm details to avoid failed transactions.
• Monitor Exchange Rates: Currency conversion rates fluctuate. Check rates on Changebuz.com or your bank to get the best value.
• Contact Support if Needed: Neteller, Paytm, and Changebuz.com offer customer support via email, live chat, or phone. Reach out if you face issues.

Frequently Asked Questions

Q: Is it safe to use Changebuz.com for Neteller to Paytm transfers?

A: Changebuz.com is a reputable exchange platform. You can easily exchange with them.

Q: How long does it take to transfer money from Neteller to Paytm via bank?

A: The process takes 2–5 business days for the Neteller-to-bank withdrawal, plus a few minutes for the bank-to-Paytm transfer.

Q: Are there any limits on transferring money to Paytm?  

A: Paytm imposes wallet limits based on KYC status (e.g., ₹10,000/month for minimal KYC, ₹1,00,000/month for full KYC). Check your account status in the Paytm app.

Q: Can I avoid fees when transferring from Neteller to Paytm?  

A: Fees are unavoidable due to Neteller’s withdrawal charges and potential Paytm or exchange service fees. Compare options to minimize costs.

Conclusion: While direct transfers from Neteller to Paytm are not possible, you can reliably move funds by using a bank account as an intermediary or leveraging a trusted exchange service like ChangeBuz.com. The bank transfer method is secure and straightforward, though it takes a few days, while ChangeBuz.com offers a faster alternative with competitive rates. Always ensure your accounts are verified, double-check transaction details, and stay informed about fees and exchange rates to make the process cost-effective.

For the latest updates on Neteller or Paytm policies, visit their official websites or contact their support teams. If you’re exploring exchange services, Changebuz.com is a recommended option to simplify your Neteller-to-Paytm transfer.