Paytm is one of the most popular and advanced payment methods in India. It managed to climb to the top, only ten years after its establishment, and became players’ number one choice for online betting.
Paytm allows players to bet without extra fees and under the radar. This fact is noticeable since betting sites in India acting under federal and local laws depending on each state. This mobile payment method offers instant transactions and gives bettors the ability to link it with other wallets such as Skrill or Neteller.
In this guide, we have done all the hard work to provide you with:
- A list of which betting sites accept Paytm
- The upsides and shortcomings of Paytm
- How to open an account and make a gambling deposit
Best Betting Sites that Accept Paytm
Several betting sites which accept Paytm take Indian Rupees and have a wide variety of cricket markets. In the following shortlist, we have picked the top Paytm betting sites that go the extra mile. They cover all the essential factors such as low deposit limits, welcome bonus eligibility and free-of-charge withdrawals.
Ηοw to play on Paytm betting sites
One of the most significant Paytm online betting advantages is the ease of creating an account. Let’s see the steps players have to follow to register with Paytm:
- Download the Paytm app
- Click the sign-up button
- Note down your email & your phone number. You’ll be asked to create a password after that
- Click on the ‘create your Paytm wallet’ option and wait for the OTP code
- Enter the OTP code you received on your mobile. Then add your full name and your date of birth
- Fund your Paytm account with the amount you want through Bank Account, Debit/credit card or UPI
The process for depositing to Indian betting sites accepting Paytm is simple and straightforward and the same comes for withdrawals once you have set up your account. Basically, you have to follow the next steps:
- Log in to your favorite Paytm bookmaker
- Head over to the deposit page
- If you can’t see Paytm as a deposit method, don’t worry, choose UPI/IMPS
- Locate and copy your Paytm VPA (UPI ID) and add it to your Paytm pop-up window
- Accept the payment request and confirm the transaction
- Wait a bit for the sportsbook to accept the payment
- Receive deposit confirmation
The procedure has finished and the funds will reach your betting account almost instantly.
Upsides of betting with Paytm
Betting with Paytm has become very popular among Indian players and there are many reasons why. Let’s see the most important ones below:
✔Welcome bonuses: Players betting through Paytm are eligible for welcome bonuses and promotions; in contrast to other wallets such as Skrill, ecoPayz or Neteller that are often restricted.
✔ Privacy of personal information: Paytm provides players with high security. It is regulated by the Reserve Bank of India and fully integrated within the UPI portal. So, you can feel entirely safe betting using Paytm. Besides that, Indian bettors are usually concerned about keeping their personal information secured while depositing or withdrawing money on online betting sites. Paytm has solved this concern, as it does not share personal information and financial details with any third party.
✔ The local currency is available: A crucial advantage Paytm gives to players is betting in the local currency. That’s reasonable when we are talking about a payment method that is only available in India.
✔ Connection with other deposit methods: You can link Paytm with a UPI account (by choosing UPI/IMPS option). Linking Paytm to Skrill or Neteller is also a common thing among Indian bettors.
✔ Instant payments: Players’ funds will be instantly credited to their betting accounts as Paytm offers instant deposits and quick payouts.
Disadvantages of Paytm sports betting
As with every payment method, betting with Paytm might have some drawbacks. Before using this method, you should note the following:
❌ Extra withdrawal fees: When requesting funds from betting sites that accept Paytm, players might observe some additional charges. Moreover, Paytm fees are quite steep (i.e. 4%) when you withdraw money from the app to a personal bank account.
❌ Account setup delays: You might feel some discomfort when it comes to account installation. The setup might take some extra time because of all the security checking, such as KYC verification and the SSL encryption measures.
❌ Funds loss possibility: There is a possibility of losing money if you miss your phone, as Paytm asks your mobile number for authentication.
❌ High linking fees: If players decide to link Paytm with Skrill or Neteller they will be charged extra fees. These can reach up to 20%, a percentage that is unusually high for a wallet-to-wallet transaction.
❌ Deposit fees: Using a credit/debit card to deposit more than 10,000 INR in a month to a Paytm account will apply 2% fees. That is a significant disadvantage for players who use credit/debit cards for gambling.
Now that we have taken a look at every aspect of Paytm, it is essential to see how it matches up with other payments. Also, you will learn how to link Paytm to Neteller and Skrill wallets and if there is any extra charge in order to connect them.
Are there any alternatives to Paytm
Paytm might be India’s most advanced mobile payment option but there is a chance your favorite bookmaker may not provide it. So, if you want to bet with Paytm on a bookmaker that does not offer that method, here you can find some alternatives.
Paytm to Neteller
Neteller is one of the most famous wallets for online betting. It was originally founded in 1999 and from 2015 it belongs to the Paysafe Group. Neteller betting sites offer instant payments and high levels of security. At the same time, your betting can pass under the radar. However, most bookies don’t allow a welcome bonus or eligibility to claim any promotion when depositing with Neteller.
Paytm to Skrill
Skrill is another popular wallet among bettors and it also belongs to the Paysafe Group. It is not hard to find Skrill bookmakers and take advantage of quick payments and the possibility to bet in your local currency. Also, players can use an easy to handle mobile app to deposit on their favourite bookie. However, players can not claim a sign-up offer in most cases and the Skrill Mastercard is available only for players residing in Europe.
Paytm to UPI
Unified Payments Interface (UPI) is a new entry in the gambling industry. It is developed by India’s National Payments Corporation. Betting sites that accept UPI allow betting in the local currency and low fees. To be able to deposit on UPI bookmakers you need to have an account with a local bank that cooperates with the payment.
Linking Paytm to Skrill or Neteller
Paytm gives you the ability to link it with Skrill or Neteller. That will happen through a third party. It will not take more than an hour for the transfer to be completed. The minimum amount players can transfer is 50 INR. The Paytm maximum limit is 4,000 INR. Nevertheless, Paytm will charge you extra fees when you transfer funds to Skrill or Neteller. More specifically:
500 to 1,000 INR = 20%
1,000 to 3,000 INR = 17%
Of course, Paytm users can also follow the reverse process. They can connect Neteller to Paytm or Skrill to Paytm. In this case, the following charges apply:
Skrill to Paytm from 500 to 5,000 INR = 10%
Neteller to Paytm from 1,000 to 10,000 INR = 10%
Is it worth betting with Paytm?
Betting with Paytm gathers more and more popularity in India. The company managed to become India’s number one online payment service and there are many reasons why. Players can bet using Paytm in the local currency and communicate with customer service in more than 13 Indian languages.
However, like every payment method out there, Paytm has some disadvantages. Extra Paytm withdrawal charges are one of them and its limited availability is another one. The service is only available for Indians or for users that have an Indian ID (i.e. Aadhaar card).
In conclusion, Paytm gambling sites might be a prevalent option in the Indian betting market, however they still lack essential features to attract high rollers. For this reason, we would recommend other wallets such as Skrill or Neteller.
Complete list of Paytm betting sites
Feel free to check the complete list of betting sites with Paytm that accept Indian bettors and choose the one that better suits your gambling needs.
Betting in India is technically not legal as it is a non-regulated market. Therefore, no law forbids or allows betting. Paytm is fully regulated by the Reserve Bank of India and bettors can safely use it for betting or gambling online.
Betting with Paytm is simple and straightforward once you have opened an account. You just have to log in to your favorite bookmaker and go to the deposit section. Then choose Paytm, insert the VPA code or the UPI ID and you will instantly see the money in your betting account.
Indian bookmakers offer a welcome bonus when you deposit with Paytm, in contrast with other wallets such as Skrill, Neteller and Ecopayz.
Yes, depositing money on a Paytm betting site is entirely safe. Paytm is a reliable Indian company with millions of loyal users. They also are regulated by the Reserve Bank of India (RBI), which keeps a very close eye on Paytm to ensure that they abide by the strictest safety measures.
Each Paytm account is recognized by a Unified Payments Interface (UPI) ID. This ID includes your phone number with an extension of ‘@Paytm’. For example, if your phone number is 7777777777, then your Paytm UPI ID would be 7777777777@Paytm.