There is a new digital ATM platform in town to support all of your betting desires. PayTM was founded in August 2010 by Vijay Shekhar Sharma in Noida, a region adjacent to India’s capital New Delhi. Vijay’s vision for PayTM really skyrocketed after a ban on high-value currency notes in India in late 2016 which led to a cash crunch and spurred the need for digital payments. It started off as a prepaid recharge platform but has evolved significantly into a safe and secure mobile and landline payment method perfect for sports betting!
Paytm casinos & betting sites in India Guide to playing casino with Paytm This is a well-known mobile payment method in India, and we’ve compiled all Paytm online casinos in one place. At Seven Jackpots, you’ll find the best betting sites accepting Paytm listed. Paytm has its branches spread all over India and Canada. Their company provides so many products including Paytm Payments Bank, Paytm Mall, Paytm Money, Paytm Postpaid, etc. Paytm is under the ownership of One97 Communications. The Alibaba Group is the primary stakeholder (42%) in the Paytm corporate structure.
Today PayTM benefits from 95 million monthly active users, and is growing by ~5% month-on-month. It expects to grow to 500 million users by 2022. PayTM is now India’s largest leading payment gateway with over 7 million merchants using PayTM as an acceptable payment method using their leading QR technology. PayTM has also launched their Paytm Payments Bank, which is a community support project that their team of engineering experts have been working on to close the gap on banking and financial services and security for half-a-billion un-served and under-served Indians.
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How does Paytm Work?
PayTM is a digital payments method that allows you to make online (and offline if required) transactions like processing your winning bets into the integrated wallet via online banking, debit cards, and credit cards, or depositing cash via select banks. This payment platform is super versatile allowing Indians to use the digital PayTM money wallet anywhere to pay for anything. PayTM allows you to pay for everything from household goods, takeout food, ecommerce purchases, mobile phone bills and most importantly PayTM allows Indians to put money into their sports betting account to bet on their favourite teams in the latest and greatest major sporting events!
The idea is that it should seamlessly integrate into your preferred sports betting platform if they support the PayTM payment platform. The Unified Payment Interface (UPI), a state-backed open platform, allows people to send money to each other and directly into bank accounts by linking mobile numbers.
How do you add money to your PayTM wallet?
Credit Cards, Debit Cards, Net Banking and UPI (Unified Payments Interface) all allow you to add money to your PayTM wallet. It’s quite simple to add money to your PayTM account, you just enter the amount of money that you want to add to your Paytm wallet. Once you’ve done that the app will be redirected to a secure webpage to fill in your payment information. After you provide all the necessary information, money is added to your wallet almost immediately.
Thankfully PayTM does not charge any extra fees to transfer money to your Paytm wallet. For speed of service transactions all card information is normally automatically saved into your account and only requires the CVV number to reactivate the account and process payment transactions again.
What Sports can Indian Players Bet on Using PayTM?
The short answer is all of them! Once you’ve set up your PayTM account it’s time to let the games begin! From IPL betting and other cricket to football, Esports, Kabaddi to motorsports and winter sports. PayTM is one of the biggest and best payment solutions in India. Rest assured that you can use it on all of the best online casinos and betting sportsbooks.
PayTM – Pros and Cons
Now that you have the right payment platform and know where to place your bets we’ll wrap up with the Pros and Cons of PayTM. The best feature of this app is its ability to link your Paytm account to your betting account fairly easily and seamlessly. You can use Indian currency to place your bets so there is no extra cost for conversion, Deposits are instantly reflected in your betting account and players can place bets straight from your device as the whole process is mobile friendly.
Let the games begin and the bets roll in
Although there is really not much to complain about with regards to using PayTM the platform does not currently support offline transactions for all sports betting platforms which means that without an internet connection, you will not be able to process your wins or deposits. With new technology comes new technical difficulties, using any new app or program requires some adaptability but thankfully this one is quite user friendly. Lastly, customers should be aware that PayTM wallet to bank account transfers are chargeable at a 5% convenience fee.
Paytm was established in 2010 by Vijay Shekhar Sharma. Initially, it was used only as an online wallet to transfer local payments, paying utility bills, and recharging pre-paid phones. Now, the payment system can also be used at several betting websites. Cricketbettinghelp reviewed all the online gambling sites and extracted some of the most trusted and safe options that you can try.
Which betting sites accept Paytm?
We have selected some of the best gambling sites that accept Paytm and are licensed by a gaming regulation authority. These online bookies offer a wide range of sports to bet. A safe website, fair gaming environment, exciting welcome bonus, and generous promotional offers are the other factors why these bookmakers deserve your attention.
The international bookmaker is known for its special flavor of cricket. And it’s the primary reason why it’s one of the most popular online sportsbook amount Indian gamblers. Apart from cricket, 10Cric also allows you to enjoy betting on football, tennis, basketball, table tennis, volleyball, and many more sports. In addition to Paytm, the online bookie also accepts other e-wallets like Skrill and Neteller.
- Welcome bonus: Free bets up to 10, 000 INR. Deposit 10, 000 INR and 10Cric will add 10, 000 INR more to it. So, you will get 20, 000 INR in total. Plus, 20 free spins.
- Minimum deposit: 500 INR via Astropay, 1200 INR if you are using Bitcoins and for all the other modes it’s at least 1000 INR.
One of the biggest online bookmakers on the Earth, Betway is active since 2006. Licensed and regulated by multiple authorities including the UK, Malta, Ireland, and Sweden, the betting brand has millions of registered users. It is partners with West Ham United, Mzansi Super League, Windies, and the cricketing legend Kevin Peterson.
Betway has a secure website, which offers user-friendly options that you can easily navigate. If you like cricket, then it’s the best website to register. Apart from cricket, the bookie allows you to bet on football, tennis, basketball, hockey, baseball, golf, martial arts, and many more sports.
- Welcome bonus: 100 percent bonus up to 2, 500 INR
- Minimum deposit: 200 INR
Betting should be a fun activity. If you believe the same then 22Bet is another online sport betting community that offers an easy to navigate website, safe transactions and maximum returns to your investment. It’s one of the best platforms in India if you prefer to bet on cricket or football.
Commenced in 2017, 22Bet is licensed and regulated in Curacao. Due to SSL encryption, it has a safe website and smartphone app for both Android and iOS. Deposit and withdrawals are fast with Paytm and all other e-wallets. Apart from that, you can get an instant winning amount using cryptocurrency.
Paytm Betting Games
- Welcome bonus: 100 percent up to 10, 000 INR
- Minimum deposit: 70 INR
Visit funbet.com and you will be instantly impressed by its graphics and user-friendly options. Its homepage shows you all the available sports to bet, which is helpful for beginners. The bookmaker has multiple payments including Paytm and many other online payment systems including GPay, Skrill, Neteller, Jeton, Miginity, and MuchBetter.
Which Betting App Accept Paytm
Licensed by Malta Gaming Authority (MGA), Funbet allows you to bet on many sports including cricket, soccer, tennis, basketball, ice hockey, football, bandy, boxing, cycling, darts, floorball, golf, and many more. Its website has SSL encryption that keeps all your personal data and banking information are safe.
- Welcome Bonus: 100 percent welcome bonus for sports up to 10, 000 and 100 percent welcome bonus for casino up to 16, 000.
- Minimum Deposit: 800 INR
Around 15 sports and more than 40 e-sports are available on Melbet. Visiting its website might be overwhelming because you will find too many sections to check. However, after a few bets, you will find not anything difficult here. On the left, you will see all the live and upcoming events. So, you can bet on the ongoing matches as well as fixtures that are about to take place.
Melbet accepts more than 50 payments including e-wallets like Paytm, Papara, Skrill, Neteller, Perfect Money, and many more. Registration on its website is easy and you can start betting instantly after signing up. The bookmaker also a dedicated smartphone app that’s available for both Android and iOS users.
- Welcome bonus: 100 percent up to 8, 000 INR
- Minimum deposit: 1, 000 INR
With options to bet on over 30 games, 1xBet is rated high among Indian gamblers. Apart from sports like cricket, football, and boxing, the online bookmaker also allows you to enjoy betting on e-sports, casinos, TV games, lottery, and virtual sports. Its registration process is easy and you can start betting once the sign up is complete.
1xBet allows you to use more than 100 banking methods. Talking about e-wallets, the online bookmakers accept Paytm, PhonePe, Skrill, Neteller, GPay, Papara, Jeton, FastPay, B-Pay, and many more. Deposits are instant in all the given modes. However, withdrawal time varies from 2 to 48 hours.
- Welcome Bonus: Up to 8, 000 INR on the first deposit
- Minimum Deposit: 1, 000 INR
Indian gamblers like to bet on a sleek and attractive website. Parimatch is aesthetically appealing as well as sophisticated. However, it doesn’t mean that the bookmaker lacks anywhere in terms of betting services. You will get used to its black, white, and grey interface within some time and then you will be impressed with the features PariMatch offers.
The online bookie allows you to bet on multiple sports including cricket, football, tennis, basketball, and many others. Besides, it also gives you the option to bet on virtual games, sports poker, bet games, and casino. Other than Paytm, this gambling platform also accepts e-wallets like Skrill and Neteller.
- Welcome Bonus: Up to 8, 000 INR
- Minimum Deposit: 300 INR
Why gamble using Paytm?
Paytm offers hassle-free and seamless online transfers to betting sites. The transactions went through this payment system is fast and 100 percent secure. The usage is also simple; you simply need to select Paytm while making a deposit or withdrawal at any of the online betting sites we discussed above. You can use its services from a desktop as well as a smartphone. Plus, you can track the transfers on the Paytm smartphone app that’s available for both Android and iOS.
- Paytm is acceptable on top betting websites
- Can be used via smartphone, no need to use account transfers or cards
- Deposit and withdrawal are faster
- Losing your smartphone can be a problem because it operates using your mobile number
How to open a Paytm account?
We have discussed some of the best betting sites that accept Paytm. However, you need to create an account on Paytm to start betting on any of the above-mentioned options. It’s very simple to register on this Indian payment system. Follow the below-mentioned steps to create an online wallet on Paytm.
- The first step is to download and install the Paytm application on your smartphone.
- Open the app and choose your preferred language
- Enter your mobile number and Paytm will send you an OTP (One-time password) on your mobile number.
- The application will not ask you to create a 4-digit password
- The next screen will ask for an e-mail address, but you can choose to skip it.
- Then, you will see the Paytm dashboard.
How to fund my Paytm account?
You can easily transfer money to a Paytm account using any of your bank accounts. However, we recommend that you complete the KYC process to enjoy uninterrupted transfers and all other services. Follow the given steps when you want to add any amount to your Paytm wallet.
- Open the Paytm app you have installed.
- Tap on Paytm wallet to add money and enter the desired amount on the next screen.
- Select Proceed to see the options to transfer, which include debit/credit card and UPI.
- Choose the preferred payment method, enter the amount and tap on Pay.
- Next, you will the screen where you can enter the banking password. If not the bank’s payment authorization page, you will see the space to enter an OTP sent to your registered mobile number.
- Put the password or OTP and click on Continue to finish the transaction.
- The amount will be credited to your Paytm account instantly and you can start betting.
How to complete Paytm KYC?
You will not be able to deposit or make a withdrawal until and unless your Paytm wallet is verified. To verify the same, you need to follow the KYC process, which is fast and convenient. The first step is to select a KYC option from your Paytm mobile dashboard. It will ask for your aadhar card number, enter it and select Send OTP. Type the OTP that you received via message and select continue. Your account will be verified shortly.
In case you are not getting any option to verify online, then you need to physically visit a Paytm executive with an aadhar card. Any of the nearby shops that accept Paytm can verify your account.
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How to deposit using Paytm?
Once you create and fund your Paytm account, it’s time to register on any of the websites that we mentioned above. You simply need to sign up using some of your basic details like name, date of birth, gender, and address. The next step is to create a user ID and password that you will use to login into the gambling profile.
Once you are on the dashboard of a particular betting site, look for the banking section. Click on it and the next screen will show you the available payment options. Choose Paytm, enter the desired amount you want to deposit and select continue. Once the transaction is complete, the amount will be deposited and you will be able to bet instantly.
How to withdraw using Paytm?
Login to the betting account, go to the banking section, and select withdrawal. Choose Paytm as your withdrawal method, enter the amount, and tap or click on submit. Make sure you choose the amount lower than the maximum withdrawal limit. The withdrawal amount will reflect in your Paytm wallet within 24 to 48 hours.
Some of the betting sites will need you to verify your identity and address to withdraw. A passport or driving license is the best documents to confirm your ID. A utility bill or bank statement is sufficient to support your address. If you are betting from India, then a few of the betting sites might need your tax information, especially if you withdrawing big prize money.
Is Paytm safe and secure?
All the transactions through Paytm are 100 percent secure. The payment system acts as a bridge between gambling websites and your bank accounts, which means the chances of an online scam is minimal. So, both deposits and withdrawals are safe on this e-wallet.
Today, we discussed some of the best betting sites that accept Paytm and also mentioned their welcome bonus as well as a minimum deposit. These online bookies allow you to bet on both domestic and international sports fixtures. Once you create a betting account and deposit funds, you can start betting immediately.
Cricket Betting Paytm Cash
Shon Miller is a professional online sports bettor and trader with over 10 years of experience in the industry. He worked with numerous online bookmakers including Bet365, Betway, and William Hill. With this long experience, now he has decided to share his experience with other betting aspirants like you. Know more at the about me page.