Paytm Review
Launched in 2010, Paytm is one of India’s most trusted online payment providers. It currently serves over 350 million users across the country, but to enjoy the benefits of betting online with Paytm, you will first need to open an account. Paytm Casinos & Betting Sites. Looking for Paytm casinos and betting sites? In this guide, you will find the best casinos and betting sites that accept Paytm as a payment method.You will also learn how to use Paytm when you gamble online.
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.
About Paytm
Paytm is an Indian E-commerce payment system which is based in Noida, Uttar Pradesh. It was founded in 2010 by Vijay Shekhar Sharma with an initial investment of $2 million. It started as a recharge platform for Mobile phones and DTH.
In 2014 Paytm started an e-wallet program through which you can book a train ticket, bus ticket, or an Uber cab. Later more payment options were added like water bill, electricity bill, and gas bill. The user base kept increasing exponentially from 11.8 million in 2014 to 140 million in 2019.
Paytm launched its bank in 2015 named “Paytm Payments Bank” after receiving a license from Reserve Bank of India. It was created as a separate entity with Paytm founder Vijay Shekar Sharma owning 51% share. The Bank was officially inaugurated in 2017 by the Indian Finance minister, Arun Jaitley.
In 2015, Paytm acquired the title sponsorship rights for the Indian cricket team playing domestic as well as international cricket matches for a period of 4 years.
Paytm Beta
Paytm today is one of the largest platforms in India for online financial transactions. In 2018-19 the company did 5.5 billion transactions with a gross transaction value of $50 billion. Paytm has invested 650 crores to double its transactions to 10 billion in 2020-21.
How to setup Paytm Account
The procedure of setting up of Paytm account is pretty simple. You need to download the Paytm app on your phone through the play store. The app will ask for your basic details like name, email address, etc. It will then ask you for the mobile phone number. You need to input the mobile number that is registered with your bank account. You connect any Indian bank account with Paytm. Once inputted, a verification code is sent to your phone as well as email.
Which Betting App Accept Paytm
Once the verification is complete, you can start using Paytm for all your digital transactions.
How to bet using Paytm
To play casino with real money, you need to fund your casino account with sufficient balance. You can do this by going to your casino account and clicking on the deposit tab. Please make sure to confirm if your online casino site has Paytm as one of the deposit options. Once you select Paytm, the amount will be instantly debited from your bank account and reflect in your casino account. The transaction done through Paytm incurs no charges and is absolutely free.
You can also select Paytm as the mode to withdraw the winnings from your casino account but you need to confirm it with your online casino operator.
Benefits of using Paytm for the casino
You always need a payment service that is reliable, fast, and hassle-free. That’s exactly what you get from Paytm which is India’s leading e-wallet platform serving a million transactions every day. Below mentioned are some of the benefits of using Paytm as your banking method.
- Paytm is approved by Reserve Bank of India which is the governing body of India’s banking system
- The e-wallet platform has top-notch security with 128-bit SSL encryption
- The services of Paytm is available both online as well as offline
- There are Zero transaction charges for depositing money from Paytm to your casino account
- The transactions happen instantly so the transferred amount reflects on your casino account in a matter of seconds.
Customer service
Paytm is one of the new age digital payments companies that have kept customer satisfaction at the core of their business model. This is clearly reflected in their customer service which is available 24/7 to solve all your queries. The service is available in English and Hindi language.
You can reach the customer support staff either through mail or via live chat. People residing in India can also call Paytm toll free customer care number 0120-4456456 and get your queries resolved immediately.
Conclusion
To conclude, for all the Indian casino players who were concerned about their financial data security, India’s most trusted digital payment platform Paytm is the answer. The fact that it is governed by Reserve bank of India and has the latest data encryption security with best in class customer support makes it a no brainer choice for most Indian gamblers.
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