Still, Paytm is constantly getting more and more popular as a payment provider in the online gambling world. It is just a matter of time before you can use it at the majority of all lottery websites, online casinos and betting sites. Here at Online Lotteries India, you can. Paytm was the first online wallet to become popular in India, so much so that it became possible for people to pay through Paytm on local kirana stores and mandis!Paytm helped revolutionize the digital payments movement in India. And even now, Paytm continues to be one of the most favorite payment methods in the country! Therefore, it is hardly a surprise that so many of the betting sites in.
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.
Paytm Betting Games
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 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.
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.
Heralded as India’s answer to PayPal, Paytm is the perfect payment method if you live in India – especially if you want to bet online. Paytm is India’s largest mobile payments group, offering a secure e-wallet that has been trusted since launching back in 2010.
Read on to discover the best betting sites that accept Paytm. We will even walk you through how to join and use Paytm, which is the preferred payment option for 350 million customers.
Our expert guide to Paytm betting sites will show you:
Terms & Conditions: T&Cs Apply. Full terms apply.
How We Compare Paytm Betting Sites
Paytm Betting Odds
The best Paytm betting sites only make our list after a strict vetting process. At SBO.net, we have assembled an experienced review team that has worked in the sports betting industry for many years. Each member of our team understands what fellow punters seek when betting online.
We investigate everything from the security and trustworthiness of a site to the customer service and how competitive its odds are across all sports.
Paytm Beta
Studying our recommendations will save you hours of research. You will quickly find a new Paytm betting site, where you can claim a generous welcome bonus and know that you’ll be safe.
Some of the many factors we consider before approving Paytm betting sites are:
Security Measures
We insist on each site we recommend holding an operating licence with a regulatory body like the UK Gambling Commission (UKGC). For Paytm betting sites to obtain a licence, they must have strict processes in place to prove they are safe and secure. Regular audits ensure player funds and data are protected at all times, and that everything is above board.
Welcome Bonuses
With so much competition, Paytm betting sites make a lot of effort to attract and reward new customers. Their first opportunity to do this is with a generous welcome bonus. When you sign up to one of our recommended sites, you will receive what we consider to be a generous welcome bonus – whether it be in the form of a match bonus or a free bet.
Competitive Odds
You want to sign up to a site that offers competitive odds on the markets you love, such as cricket and football. Rest assured that our recommended Paytm betting sites boast the best odds. Therefore, you will receive the maximum return when you place a winning bet. Don’t be that person who wins a bet at odds of 1.74 when 3.2 was available elsewhere!
Which Betting Sites Accept Paytm?
Paytm is a hugely popular brand in India. It has grown from just a payment service into a commercial giant offering ticketing, rail and flight bookings, a gaming platform and a credit card with Citibank. With such a loyal customer base, just about all betting sites that accept Indian rupees (INR) offer Paytm.
However, you shouldn’t risk joining an inferior site. Remember that we list only the best Paytm betting sites on this page. We do this so that you can sign up with confidence, knowing your favourite payment method will be one of many options listed in the cashier.
Another advantage of Paytm is that you can quickly transfer funds between different sports betting accounts. This saves you from having to register multiple banking options at every site you join – and is also means that your bank only sees transactions to and from Paytm, not betting sites.
How to Create a Paytm Account
The Paytm account creation process is simple. Simply visit the official Paytm website and get started by clicking on the sign up button. Paytm also has a cool mobile app. You can download it and use it to create your account, too. Click on the profile icon in the top right corner of the screen and follow the simple on-screen instructions.
You will be asked for your mobile number and email address, and you will also need to enter a secure password at this stage. Then click on ‘Create Your Paytm Wallet’ and add a one-time password, enter your full name and click ‘Create your Paytm Wallet’ again. Job done!
After creating a Paytm account, the next step is adding funds to your new e-wallet. When using a web browser, log in to your account and click on the Paytm Wallet icon. Enter the amount you wish to add and select the payment method from credit/debit card, Net Banking or UPI.
The process is almost identical using the app. Both options allow you to save your credit or debit card details, saving you time when you wish to make a fresh deposit.
How to Bet Using Paytm
All Paytm betting sites require you to make a deposit before you can start betting on all the sporting action. Presuming you have funds in your e-wallet, simply navigate to the cashier and select Paytm as your preferred payment method.
Now enter the amount you would like to deposit and confirm the figure is correct. You will then be redirected to the Paytm site to complete the transaction.
The payment will be made into your betting account almost instantly. Fast payment processing like this is essential if you spot a good betting opportunity and need access to funds immediately. Imagine you are watching a cricket match live on television and want to jump on an in-play bet. With Paytm, you can do so in the blink of an eye.
If all goes well and you make a nice profit, you can easily withdraw your winnings back to your Paytm e-wallet. Withdrawals are instant, once your betting site has processed the transaction. Processing times vary from one site to the next. Some are almost instant; others take a few working days.
Advantages and Disadvantages of Paytm Betting
PROS
- Trusted brand – The most significant advantage of using Paytm betting sites is that the payment gateway is so widely recognised and used by people living in and from India. Users have the reassurance of making payments to and from a giant Indian company
- Privacy – Another benefit is that when you return your winnings from your e-wallet back to your bank account, there is no mention of gambling activity; it is just a payment from Paytm, which helps protect your privacy.
- Zero fees – Transfers to and from your betting accounts and Paytm do not attract any fees.
CONS
- Limited to India – One disadvantage of Paytm is that it is only open to Indian punters. Other citizens will need to look elsewhere for a reliable payment gateway. Plus, the app can sometimes appear clunky as you have so many service options. When it’s working well, however, it is one of the best.
Alternatives to Online Betting With Paytm
Although it is a favourite for many, we understand that using Paytm betting sites may not be ideal for you. Thankfully, you have plenty of other secure options available to fund your betting accounts.
Credit and debit cards – Safety and convenience make credit and debit cards popular amongst punters. Transactions sometimes attract small fees (especially credit cards), but you can easily withdraw any gambling winnings to the same source. Debit cards are also a sound option if you need to move funds fast.
E-wallets – Although they are similar to use, you might prefer an alternative e-wallet provider. Despite being hugely popular elsewhere in the world, PayPal is only just now gaining ground in India. Skrill is perhaps a better-known option.
Paysafecard – Paysafecard is prepaid card that can be used to fund your online betting account. The bad news here is that you cannot withdraw any winnings via Paysafecard, so you would need to make alternative arrangements in this case.
Paytm Betting FAQs
Do online betting sites accept Paytm?
Yes! If a betting site accepts the Indian rupee, it is likely to offer Paytm as a payment method – although this will be only available to Indian citizens. Paytm betting sites are happy to list the e-wallet in the cashier because the processing of deposit and withdrawal requests are fast and straightforward.
Paytm Deposit Betting Sites
Can Paytm only be used by Indian punters?
Yes, Paytm is regulated by the Government of India and can only be used by an Indian citizen, either living locally or residing abroad. The official Paytm website is available in 11 Indian languages and finely tuned for the Indian market, which is why it has become a preferred option locally.
Are there any Paytm fees?
Transferring funds from your Paytm e-wallet to a merchant is free and fast. However, there will be fees to pay should you wish to move funds from your e-wallet back to your bank account. Funding your Paytm account comes with a 2% Visa or Mastercard credit card fee, or a 1.25% fee for the equivalent debit cards.
Paytm Horse Betting
How long does it take when withdrawing using Paytm?
E-wallets like Paytm are often the best way to withdraw cash from your online betting account because they are faster to process. In most cases, funds will be available in your wallet within 24 hours, sometimes only a few hours. In contrast, debit or credit card withdrawals might take between 48-72 hours, making Paytm betting sites a very attractive option.