diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
index d9187e383..9ad4fb7f0 100644
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -3894,6 +3894,13 @@ bool CWallet::ParameterInteraction()
             return InitError(strprintf(_("Invalid amount for -paytxfee=<amount>: '%s' (must be at least %s)"),
                                        GetArg("-paytxfee", ""), ::minRelayTxFeeRate.ToString()));
         }
+
+	    // if -mintxfee is not set, then a lower payTxFee overrides minTxFee
+	    if (!IsArgSet("-mintxfee") && payTxFee < CWallet::minTxFee)
+        {
+            LogPrintf("%s: parameter interaction: -paytxfee=%s -> setting -mintxfee=%s\n", __func__, GetArg("-paytxfee",""), GetArg("-paytxfee",""));        
+            CWallet:minTxFee = CFeeRate(nFeePerK,1000);
+        }
     }
     if (IsArgSet("-maxtxfee"))
     {