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 –
- 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.
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
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
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!
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.