Paytm Betting
Paytm Betting Sites in India Paytm, founded in 2010 by Vijay Shekhar Sharma, is a subsidiary of One97 Communications. Initially, Paytm was used as an online platform for recharging mobile phones and paying bills. The online market was fairly new and the payment platform witnessed a slow but steady increase in users. Paytm - India's Most Popular Platform for Money Transfer, BHIM UPI Payments, Recharges and other online payments. Paytm - India’s largest mobile e-commerce website is an ultimate destination for prompt Online Recharge, DTH, Data Card & Metro Card Recharge and Mobile Bill Payment for Airtel, Aircel, BSNL, Idea, MTNL, Vodafone & other operators for all the circles across India.
Paytm Review
Paytm, an e-wallet service that took the Indian market by storm started in 2010, it emerged as one of the most trusted brands for payment solution. Here, we will explain to you about the usage of it in the gambling world. We want you to be able to enjoy playing, not having to look for casinos, or figure out how to pay. Here, you have the top betting sites that let you gamble with Paytm.
Why use Paytm?
If you are looking for an e-wallet service that doesn’t charge fees on deposit, then Paytm is your option. With instant deposit and withdrawal as an option, Paytm has made its way in the gambling sphere, after all, it’s the most trusted e-wallet service provider in India. Another benefit is that it’s very secure – as much as any international e-wallet – because they are regulated by the Reserve Bank of India. This means that your money is always in safe hands when you deposit with Paytm.
How Paytm Works on Gambling Site?
For using the service of Paytm, you need to create an account. Don’t worry, we are explaining you the steps to create your account –
- Download the app.
- Provide the information- email address, mobile number, and password as instructed.
- Press ‘create your Paytm wallet’.
- You’ll receive a One-Time-Password to the phone number you entered. Enter this into the account creation process.
- Enter your name and date of birth.
- Click ‘Create Account.’
- You are now ready to use your account at online casinos that accept Paytm deposits!
Verifying your Paytm Account
This is a payment method that requires all users to be verified. To verify your account, go to your Paytm profile and click on ‘complete my KYC.’
You’ll receive a list of KYC-centres close to you. Visit the one most convenient for you. Bring your Aadhar card, Voter ID card, or PAN card to verify the account.
Note that the casino might also ask for verification documentation. However, since all Paytm users are already verified, this is rare. Especially when using the method for both deposits and withdrawals.
Paytm Deposit Methods for Betting Sites
Most casinos let players deposit for free. There are no fees from Paytm for making a deposit, either. Depositing money on your Paytm wallet is both fast and easy, and can be done in many different ways. You’ll see the deposited amount show up in your casino balance as soon as payment is complete. Also by the official app, you can connect to your UPI for even easier transactions.
You can deposit money to your Paytm wallet using the following methods:
- Credit Card
- Debit Card
- Net Banking
- BHIM UPI
To transfer money to your wallet, you can also link your bank account: You can link any bank account to it using UPI. It’s easy!
Depositing money on your wallet using any of the above-mentioned methods is very easy and straightforward. After you make your deposit, the money will be instantly available in your Paytm wallet.
Paytm Deposit Processing Fees
One of the great things about Paytm is that it’s so cheap to use. This makes it cost-effective when you’re depositing money at an online casino with Paytm. The only time you will pay a fee, is when you’re withdrawing money from Paytm to your bank account.
Now that you have some money in your Paytm wallet, you’re ready to deposit some of that money at your online casino of choice!
Paytm Withdrawal Methods
Withdrawal fees at Paytm casino sites differ depending on the casino. Some will not charge anything, while others will. Make sure to check the T&Cs of the site to be sure. Also, all casinos have a minimum withdrawal amount. It’s usually stated in the cashier when you’re making your withdrawal. Either you can use funds from the wallet to pay in gambling sites, buy anything from Paytm Mall, or you can transfer funds from your e-wallet to bank account. We are here providing you the steps for the same –
Steps-
- Open the Paytm app & Tap on ‘Passbook’
- Select ‘Paytm Wallet’
- Select ‘Send Money To Bank’
- Tap ‘Transfer’
- Enter the amount & bank details
- Confirm the transfer
Paytm Withdrawal Processing Fees
Withdrawal from Paytm is quite fast, it usually takes a few minutes for the transaction to take place. Most of the time the withdrawal is free (if you are using e-wallet), but transferring funds from your wallet to bank takes 5% of your transaction fund. You will be made aware of each charge and fee on the summary page before making any payments.
Paytm Fees
Using the Paytm wallet is free in most of the cases, but transferring the funds from e-wallet to bank may incur some charges. Mostly it’s 5%, but you will be made aware of each charge and fees in the summary page before making any payments.
Betting Sites That Accept Paytm
One of the major drawbacks of Paytm is that only a few betting websites accept payments from it-
- Melbet Casino
- 1xBet Casino
- BetWinner
- 10Cric
- LiveBid
- Betchips
Paytm Online Casino — Rummy
Paytm has its gaming site — Paytm first games, where you can try your luck, choose from the wide array of games and earn cash while playing them. The games range from Ludo to Rummy, which is fairly popular. Therefore, it’s worth a try using it!
Paytm Mobile App
Paytm Mobile app is available both for iOS and Android users. You can do everything on the mobile which you may do on the website. After downloading the app –
- Click on login
- Add email/phone number and password
- You’ll receive OTP on your registered mobile number, enter that.
Thus you’ve logged in your account
Legal Aspect
Paytm was started in 2010 and is regulated by the guidelines of RBI which is the governing authority in India of over monetary issues. Paytm works under strict IT laws and regulations in India, which ensures the security of your details. Although the online casinos you play at won’t operate under the same rules, European GDPR-laws are as good, if not better. Therefore, it’s not any shady firm- a legit payment service provider. You should be least worried about anything related to the security of your accounts and funds as it is an authentic service provider following the local guidelines. It is connected to everything, from paying bills to renting vehicles, booking travel and event tickets, and more. It also allows for fast and secure transfers between Paytm users, and using the service comes with a lot of benefits.
Paytm allows for discounted purchases of high-quality products. Obviously, the combination of your casino winnings and discounts is a perfect match. You can even do your grocery shopping through the Paytm website!
Customer Support
Paytm has a dedicated customer support service and helpline number where you can raise a ticket and get your queries solved 24×7 through IVR or email. The customer support is available in English and Hindi. You can raise your concern by app and website too, and their associate will reach you as soon as possible. Therefore, due to its customer-centered approach, you should be the least worried about the problems you might face.
Frequently Asked Questions (FAQ)
1. Is deposit to the wallet free?
— Yes, it is free!
2. Can I create my Paytm account using the website?
— No, you’ll be needing the official mobile app to create an account.
3. Why do I receive OTP every time I try to log in to my account?
— OTP is a security feature that enables its customer to protect any unwanted attack or scam.
What is Paytm?
Paytm is the biggest payment service and it offers one of the trusted payment services. It is the best solution for all Indian players who mostly use Paytm service for their daily payment method.
The payment was started in 2010. Their company headquarters is located in Noida, Uttar Pradesh in India and the value of the brand is worth around $10 billion. Paytm has its branches spread all over India and Canada.
Their company provides so many products including Paytm Payments Bank, Paytm Mall, Paytm Money, Paytm Postpaid, etc.
Paytm is under the ownership of One97 Communications. The Alibaba Group is the primary stakeholder (42%) in the Paytm corporate structure.
Paytm Betting Games
Their online payment service was founded by Vijay Shekar Sharma. They started off as an easy to use digital payment service to carry out mobile and DTH recharges but later, they made a big growth in the market. They expended their service to train and fight ticket bookings, amusement parks, movie tickets, landline bills, postpaid mobile bills, and many more.
Paytm provides digital wallets, online shopping, and payment systems. You just need to scan the QR code at a merchant outlet and make payment through the Paytm app. It is the first payment app in India to have crossed over 100 million downloads.
Set up a Paytm Account for Online Casinos?
Paytm is pretty compatible and they can find your account withthe popular credit/debit cards.
To experience the Paytm service, you will have to register and create an account on Paytm’s website.
Just set up your profile with a mobile phone number and a working mail ID. The account’s verification is important to increase your limits of the transaction. The verification process is known as KYC.
When you set up your Paytm account, head over to the online casino. Find out the Paytm on the list of available payment options and then, you can link it your Casino account. Let’s understand the process:
- Go to the deposit page to start the process
- Choose how much to deposit
- Choose Net Banking as the payment method
- Locate and Copy your UPI ID on Paytm
- Add the UPI ID in your mobile banking app
- Accept the Paytm payment request
- Confirmation screen at Paytm
- Wait for the casino or betting site to confirm
Verifying Your Paytm Account
Verifying your Paytm account helps you to increase your limit and you can even withdraw your Paytm amount direct into your bank account through UPI. As a casino player, it is important that your payment account is verified or not.
Most of the wallet service has made it compulsory for all users to complete the KYC updates on your Paytm account.
The process is as follows:
- Login to Paytm and click on KYC option to start this process.
- Enter your Aadhar number in the correct column. Your Aadhar validation will be done through an OTP.
- If you do not have Aadhar card, then you can complete KYC with other documents option.
Consider When Depositing
Paytm accept one payment option for both deposit and withdrawal option. There are no fees charged for making deposits on online casinos. There is a minimum deposit on online casino sites through Paytm. Try to use a mobile app and link your account with the casino site.
Consider When Withdrawing
In withdrawal options, casino sites allow you to withdraw the money from your casinos account to the payment option that you have chosen to make a deposit.
The Paytm casino sites offer fast withdrawals. The withdrawal will be completed within 24 to 48 hours.
There is a minimum withdrawal limit depended on the online casino. On average, you can make 3 to 5 free withdrawals in a month.
Paytm Customer Service
Paytm provides the customer care service through mail, phone, and chat. This e-Wallet offers 24/7 customer support. The service is available in both English and Hindi. Indian users can also reach out to the Paytm customer service by calling 0120 4456 456.
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