- Payment Method Overview
- What To Check When Choosing the Best Paytm Betting Site
- Depositing at Betting Sites With Paytm
- Withdrawing at Betting Sites With Paytm
- Safety and Security of Paytm at Indian Betting Sites
- Paytm Security Measures
- Paytm Sports Bonuses
- Paytm Fees in India
- Betting Sites’ Deposit and Withdrawal Limits
Payment Method Overview
Paytm is an Indian platform that acts as a portal for several types of crucial everyday payments. Beyond paying bills and topping up your metro card, you can use it for money transfers by linking it to your bank account. Keep reading to find out more about this Indian online payment solution.
History of Paytm in India
Paytm launched in 2009 and has undergone several changes since then. In 2012, it was a fairly simple payment gateway. In the following years, it added extra services, including the Paytm wallet, Paytm UPI, equity trading, a credit card and more.
Thanks to its payments app and its services, the platform has been widely adopted in India. Over 20 million businesses accept digital payments via Paytm. Plus, international sports betting sites have also added it to their lists as a convenient option for Indian customers.
Over 300 million Indians use Paytm for payments, sending and revealing money and more. More growth is on the way, too. The aim is to make online payments accessible to 500 million Indians in the near future.
How Paytm Works for Indian Users
Indian users can access Paytm via the app. The name stands for pay through mobile, as that’s where you access the service. You need an account first, which you can do through the app by adding your phone number and a few other details. Once registered, you need to connect to at least one of your bank accounts to enable transactions.
After that, you can use your passbook to add money to your wallet from your bank account, via a debit card or through net banking. You can then make payments by scanning a QR code or entering the number of the recipient.
What To Check When Choosing the Best Paytm Betting Site
You know your preferred payment method, but there’s more to it than simply picking a sportsbook that accepts Paytm. The rest of the sports betting sites need to be good enough. We’ve explored some of the crucial areas that you should pay attention to when picking a place to bet.
- Check that the payment terms are reasonable
- Find an online sportsbook that doesn’t charge fees
- Prioritise fast deposits and withdrawals
- Ensure that the minimum and maximum deposit amounts are suitable
- Visit the promotions page to see the welcome bonus and other offers
- Check that Paytm deposits are eligible for receiving bonuses
- Find a sportsbook that accepts Paytm and covers many different sports
- Make sure it has plenty of betting markets
- Check whether in-play betting and live streaming are available
- Compare with another sports betting site to see if it has competitive odds
- Look for fast and efficient customer support that’s available 24/7
Depositing at Betting Sites With Paytm
Once you’ve chosen your sportsbook that accepts Paytm, the next step is to create an account and deposit. As an Indian platform, there’s no question that you can use rupees for payments. You can also set your app to English, Hindi or another language. The process starts with downloading the app and transferring some money; now, you’re ready to make a deposit. Keep reading to find out how.
Step-by-Step Deposits Guide
Follow our guide to depositing at a sports betting site with Paytm.
- Sign up or log in to your sports betting account and choose deposit.
- Pick Paytm from the list of available payment options
- Enter the amount to deposit
- You’ll be given a QR card to scan in the app to connect your wallet to the sports betting site
- After scanning, review and confirm the transaction
- The funds should arrive in your sports betting account immediately
Common Issues Indian Users Might Face and Their Solutions
While Paytm is fairly straightforward to use, sometimes issues occur. Fortunately, we’ve got some advice on how to resolve your issues. If your QR code doesn’t scan, you can exit the payment screen and try again. If you’re still having issues with the new QR code and after restarting the app, contact Paytm customer support; it’s available 24/7.
If your funds don’t arrive in your sports betting site account, check that you have enough money in your Paytm wallet. You can add funds from your bank account. If that isn’t the issue, reach out to customer support.
It’s also worth checking whether you’re making a payment that fits with the sports betting site’s minimum and maximum deposit limits. Check the limits and ensure that your payment follows the rules.
Withdrawing at Betting Sites With Paytm
It’s handy to know that a sportsbook that accepts Paytm for deposits usually offers withdrawals with the method too. Most transactions are processed within two days, which means you won’t be waiting too long for your winnings. Read on to find out how to withdraw using Paytm and what to do if you encounter an issue with your transactions.
Step-by-Step Withdrawals Guide
Follow our useful guide for withdrawals from sports betting sites using Paytm.
- Log in, visit your account and choose the withdrawal option from the sports betting site menu
- Pick Paytm from the list of available methods
- Enter your withdrawal amount
- Connect to your wallet when asked, usually by entering your phone number
- Wait for your funds to arrive; it could take up to 48 hours for approval and processing, depending on the site
Common Issues Indian Users Might Face and Their Solutions
When things don’t work out as they should with your withdrawal, you can use these solutions. If your withdrawal hasn’t arrived in your Paytm wallet, we recommend checking the processing times and status with the sports betting site. If it’s stuck or doesn’t arrive and it’s been more than 48 hours, contact the online sportsbook’s customer support.
If your withdrawal hasn’t been processed and the funds are still in your sports betting account, check that you’re meeting all the withdrawal terms, including the minimum and maximum limits. If you can’t access your Paytm account, you can reset your password. You’ll receive a one-time password (OTP) to your phone to regain access; after that, you can create a new one.
Remember that you’ll need to link a bank account to make transfers. Plus, there’s a KYC (Know Your Customer) check-in place at Paytm.
Safety and Security of Paytm at Indian Betting Sites
Paytm is trusted by millions of Indians for online payments. However, it’s worth knowing that the app and the company behind it do all they can to protect your details and your money. It helps that Paytm has a clear refund policy. It also lists that it has bank-grade security and works with American Express SafeKey, Verified by Visa and Mastercard SecureCode.
The fact that 24/7 support is on hand is reassuring. There are dedicated numbers for different departments, including one for bank, wallet and payments.
Paytm Security Measures
Paytm has its own security measure called One Touch. It means that customers can experience a seamless payment experience that’s secure and fast. With fewer steps in the deposit and withdrawal processes, it lowers the risk of fraud or someone illegally obtaining information.
It means that you can pay directly via the betting site’s cashier without having to leave and head to a different website. In this way, your transactions stay protected by the encryption tools used by the betting site, and your funds stay safe.
All of your transactions are handled through the Paytm app. For most transactions, you’ll need to complete the KYC check, which means you’re verified. You’ll also need to provide some personal details when you register. You’ll receive an OTP to your phone, allowing you to set up secure credentials.
One97, the company behind Paytm, follows the payment card industry data security standard (PCI DSS). Plus, it uses 128-bit encryption from Verisign to ensure that data and transactions are secure. These are high standards of security that are combined with the encryption from the sports betting site. So, your funds and transactions are as safe as they can be.
Paytm Sports Bonuses
A sportsbook that accepts Paytm is just the beginning. Once you make a deposit, you’ll open up a world of sports bonuses and promotions. Ideally, your chosen betting site will have plenty on offer. It’s unlikely that Paytm will be on the excluded payments list for bonus eligibility. Let’s explore the types of offers from sports betting sites that you should expect.
Almost every online sportsbook awards new players a welcome bonus, so you should start with something extra for betting. The welcome offer is often a deposit match. It might also be a free bet that you receive when you wager your first deposit, or if you lose your first bet, you might get your stake back.
In fact, free bets are awarded at different times. It could be as a loyalty club reward, a reload offer or a prize from a competition. You can use them to place bets without risking your cash, but remember, you won’t get the stake back if you win.
Odds boosts, where the betting site improves the odds on certain selections for you, are an excellent way to get value for money. Look out for bet boosts that bump up your return by a set percentage.
If you like to bet on multiple events at once, then you can check for promotions linked to accumulators. You can find deals where you get a payout even if you lose the bet by one leg.
Paytm Fees in India
There are different fees for the range of transactions available from Paytm. Once you’ve added the appropriate details, you can make bank transfers with no charges. It’s best to check the terms and conditions and transfer information to see if fees apply. For example, when you transfer money from your Paytm wallet to your bank account, there’s a 4% fee.
The betting site you choose might charge fees for transactions. Check the terms and conditions before signing up, so you’ll know if all of your winnings are coming your way or not.
Betting Sites’ Deposit and Withdrawal Limits
There isn’t a standard deposit and withdrawal limit for Paytm. It varies from betting site to betting site; you might find a minimum deposit amount of ₹350 or ₹500. The maximum can go as high as ₹50,000.
The minimum withdrawal limits are often around ₹600. Maximum limits for withdrawals are usually set at ₹50,000.
If you’re interested in betting at a sportsbook that accepts Paytm, it’s worth finding out a bit more before you register. Read our answers to questions from Indian customers.
Yes, Paytm is a convenient option for depositing and withdrawing at betting sites that accept Indian customers. There are several online sportsbooks that accept this method, so you won’t have to compromise when choosing a betting site.
There might be some fees associated with moving your funds around with Paytm, especially if it involves transferring funds back to your bank. Otherwise, most transaction transfers have 0% fees.
Each sports betting site sets different minimum deposits. You can find sites that set the minimum as low as ₹350. Plus, keep in mind that you might need to meet a minimum amount to trigger a bonus.