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Best Paytm betting sites for 2021

Paytm is one of the most popular and advanced payment methods in India. It managed to climb to the top ten years from 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 any state. This mobile payment method offers instant transactions and gives punters 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: 

  • A list of the best betting sites accepting 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 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

how to play on paytm betting sitesOne of the most significant Paytm advantages is the ease of creating an account. Let’s see the steps players have to follow to register in Paytm. 

  • Download the Paytm app
  • Click the sign-up button
  • Note down your email and your phone number. You will 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 desire 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. 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 near 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. 

Welcome bonuses: Players who deposit with 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 high security. It is regulated by the Reserve Bank of India and fully integrated with the UPI portal. So, you can feel entirely safe betting using Paytm. Besides that, Indian bettors are usually concerned about keeping 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 reveal 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 (4%) when withdrawing 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 Rs 10.000 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. 

Linking Paytm to Skrill or Neteller

paytm linkingPaytm 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 betting site that does not offer that method, there is a workaround. 

How exactly? 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 ₹500. The Paytm maximum limit is ₹4.000. Nevertheless, Paytm will charge you extra fees when you transfer funds to Skrill or Neteller.

500 To 1000 INR = 20%

1000 To 3000 INR = 17%

Of course, Paytm users can also follow the reverse process. They can connect Neteller to Paytm or Skrill to Paytm. The following charges apply: 

Skrill to Paytm from 500 To 5000 INR = 10% 

Neteller to Paytm from 1000 To  10000 INR = 10%

Verdict about betting with Paytm by Book Spy

Paysera bookspyBetting 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. 

Although, like every payment method out there, Paytm has some disadvantages. Extra Paytm withdrawal charges are one of them and limited use is another one. The service is only available for Indians or for users that obtain an Indian ID (Aadhaar card). In conclusion, Paytm might be a prevalent option in Indian betting but it still lacks essential features to attract high-stakes players. For this reason, I will recommend other wallets such as Skrill or Neteller.

Complete list of Paytm betting sites

Feel free to check the complete list of Paytm deposit betting sites that accept Indian bettors.

Bookmakers Rating Why to Bet Why to Bet Bookmakers Bonus  
22bet 22bet
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Casumo Sports Casumo Sports
  • MGA/UKGC licenses
  • 30+ sports
  • Bet Builder
  • MGA/UKGC licenses
  • 30+ sports
  • Bet Builder
High Odds
Code:
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Bookmakers Rating Why to Bet Why to Bet Bookmakers Bonus  
22bet 22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
  • 1.000+ live events daily
  • 95% payout on top leagues
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100% up to €122
Code:
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Casumo Sports Casumo Sports
  • MGA/UKGC licenses
  • 30+ sports
  • Bet Builder
  • MGA/UKGC licenses
  • 30+ sports
  • Bet Builder
High Odds
Code:
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FAQ
Q: Is betting with Paytm legal?

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.

Q: How can i deposit funds on a betting site with Paytm?

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.

Q: Will I get a welcome bonus after depositing on Paytm betting sites?

Indian bookmakers offer a welcome bonus when you deposit with Paytm, in contrast with other wallets such as Skrill, Neteller and Ecopayz.

Q: Is it safe to deposit on Indian betting sites accepting Paytm?

Yes, depositing money on a Paytm betting site is entirely safe. Paytm is a reliable Indian company with millions of loyal customers. 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.

Q: What is a Paytm UPI ID?

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 [email protected]

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