Paytm is one of the most convenient and widely used payment methods in India. As more and more betting sites localize themselves for Indian players, Paytm features on their list of accepted payment methods. Is Paytm the right payment option for you? Find out all you need to know.
Top Betting Sites for Paytm
What is Paytm (quick facts)
Founded in 2009 by Vijay Shekhar Sharma, Paytm is the largest mobile payments platform in India. It offers services like a digital wallet, payment system and e-commerce to over 350 million active users in India. In addition to the host of features on the app, Paytm also has a payments bank that allows users to open a savings account.
Why Deposit with Paytm
If you’ve used Paytm before for booking tickets, bill payments, or recharge, you will know how convenient making an online payment using Paytm is. Using Paytm wallet is one of the quickest payment methods for any online transaction. Making a deposit on betting sites with Paytm is quick and hassle-free. Your familiarity with the payment app and its functioning makes it a more reliable and friendly option for topping up your betting account.
Pros
- Safe and secure transactions
- A straightforward payment process
- No fee charged on betting sites
Cons
- A fee is charged for withdrawing money from your Paytm wallet to your bank account
- Technical aspects of the process can be off-putting for a new user
How to Deposit with Paytm on a Betting Site
Making a deposit on a betting site using Paytm can be seen as a two-part process. The first part involves topping up your Paytm wallet with the amount you wish to deposit. The second part is where you navigate to the deposit page on the betting site, choose Paytm Wallet, and proceed with the process. Also, make sure you have completed KYC verification for Paytm.
Step 1
Add money to your Paytm wallet, to begin with. You can use UPI, NetBanking, Debit Card and other payment methods to fund your Paytm wallet. Remember to check the minimum deposit amount for using Paytm Wallet on a betting site before you proceed with this step.
Step 2
Now, log in to your betting account and click Deposit. From the list of available payment methods, choose Paytm Wallet. A popup will be displayed which contains a form that you need to fill in to request a deposit.
Step 3
Before you fill in the details, make a transfer to the Paytm number shown at the bottom of the payment form. After a successful transfer is made, fill in the form with details such as your Paytm number and name. Moreover, depending on the website, you may also need to upload a screenshot of the transaction along with the 18-digit order ID and Wallet Txn ID.
After you have provided all the transaction-related details, click Confirm and the money will be reflected in your betting account immediately.
Betting Sites that Accept Paytm
A growing number of betting sites now accept Paytm as a payment method for deposit and withdrawal. All you need to start betting on sports is a Paytm Wallet and betting account.
- Betway
- 10cric
- Parimatch
- 1xbet
The exact process of making a deposit to betting sites varies from one site to another. However, some of the key aspects of the deposit process using Paytm are the same. Transaction ID or Wallet Txn ID is a crucial piece of information required to verify the payment made from your Paytm Wallet.
Poker Sites that Accept Paytm
Many of the leading Poker sites are based out of India and hence, accept deposits made using Paytm. However, only a few Poker sites offer the option to withdraw cash using Paytm.
- Adda52
- Poker Baazi
- 9 Stacks
- Spartan
- Poker Stars
Players can enjoy all the major variants of Poker on these sites right from their mobile phones. A fast-paced 5-card game, Poker is offered in different formats such as Spin-N-Go, which also adds to the pace and excitement of the game. What more can be fitting to such a gaming site than a quick and simple payment method like Paytm?
Rummy Sites that Accept Paytm
Like the Poker sites, most of the Rummy sites are also Indian ventures and accept many local payment methods including Paytm wallet. The payment methods offered for withdrawal on Rummy sites are also very limited. Paytm may not always feature on the list of withdrawal payment methods on these sites.
- RummyCircle
- Junglee Rummy
- A23
- Deccan
- RummyPassion
Unlike betting sites, you can qualify for the welcome bonus on almost all Rummy sites using Paytm to deposit money. The deposit process is also much simpler and these sites have a very efficient design in place. The intuitive user interface makes the whole process of adding cash to your Rummy account a matter of just a few taps on your mobile screen.
Paytm Deposit FAQs
Is it possible to withdraw money using Paytm?
Yes, it is possible to withdraw money using Paytm. However, the minimum amount you can withdraw to your Paytm wallet from a betting site can be higher in comparison to other payment methods.
Is it safe to deposit using Paytm?
Paytm is a safe and secure mobile payments platform and is regulated by RBI. There is also dedicated customer support for Paytm users to solve their transactions related issues.
Do I still qualify for the welcome bonus if I use paytm?
You can qualify for the welcome bonus on most of the betting sites even if you use Paytm to make a deposit. The terms and conditions for a welcome bonus vary from one betting site to another. The exception to the welcome bonus is mostly found in the first few points of the terms and conditions. It is best to check them before making a deposit if you wish to claim the bonus.