Paytm

Paytm is one of the widely used payment methods all over India. The platform has millions of transactions every month whether it is on the merchants or on the betting sites.

Paytm received a massive increase in popularity in 2016 when the Government of India decided to demonstrate the 500 rupee and 1,000 rupee notes. The move is designed to make India’s 1.2 billion people move from a cash-based society to a digital payments society.

The rest is history as Paytm replaced the cash transaction culture in India and now has over 140 million monthly users. The majority of these users use the Paytm mobile application to carry out all kinds of electronic transactions, including online betting. In fact, the betting market in India revolves heavily around Paytm.

This article explains how you can find the top Paytm-friendly online betting sites, how to make bets using Paytm, and how to withdraw your winnings via Paytm.

Top Paytm Betting Sites in India

The team at Ibebet is always on the lookout for the best and most trusted Paytm betting sites. While we have reviewed hundreds of betting sites facing India, we have only selected a few to feature in our list of recommended Paytm wallet accepted casino sites.

This is because we use a strict set of filters on this betting website and only shortlist sites that pass all of our filters. Paytm should be featured as one of their payment options. Apart from that, we also looked for the Paytm betting site which is licensed by a well-known gaming regulator, a site that offers a wide range of sports betting – especially cricket betting. We look for sites that have generous welcome bonus offers, great promotions, a safe and secure gaming environment, and good customer support.

So when you sign up at one of our recommended betting sites that accept Paytm, you know you’re going to get all of the above. Note that some of these Paytm websites also feature online casinos, live dealer casinos, and progressive jackpot games. If you sign up at one of these Paytm-friendly sites, you not only get access to great sportsbooks but also great online casinos.

Why Bet with Paytm?

You can use Paytm to make unlimited bets online. Betting with Paytm is very fast and 100% safe. All you need to do is log in to Paytm (or create a new account). Then choose where you want to send the money and transfer it with one click from your desktop or with just one tap on your mobile device. Every rupee you send can be easily tracked with the e-passbook you get on the platform.

Here are some pros and cons to using betting sites in India with Paytm.

Pros:

• Widely accepted in India facing online betting sites.
• No need to use a card (debit or credit) when you have Paytm.
• Easily deposit money into your bank whenever needed.
• Monthly limit up to 1,00,000 INR.

Cons:

• If you deposit money into your bank account, you will be charged up to 4% of the amount.
• You may lose money if you lose your phone/number, because Paytm requires your mobile number for authentication (email is not used).

Start Betting with Paytm – How To Deposit?

If you want to start betting with Paytm betting, you must first find betting sites that accept Paytm. If you’re not thinking about a specific betting site, you can check out Ibebet’s list of featured Paytm-friendly betting sites. Once you’ve completed the site, you just need to create an account to get started. Once you have registered, you can choose Paytm from the payment methods provided by the bookie and you are good to go. Here is a step-by-step guide to getting started with Paytm betting.

Step 1: Opening a Paytm Account

It is very easy to register and create a Paytm account. You can do this from the desktop or choose the mobile version of the very popular app. When you choose to register on the Paytm website, it redirects you to the app version. Therefore, you can cut to the chase and get the Paytm app directly from the Play Store (Android) or the App Store (Apple).

Follow the steps given below to open a new account on Paytm:

• Download and install the Paytm app.
• Select ‘Open’ to use the app.
• Select your desired language from the given options.
• Tap the ‘Profile’ icon on the home screen.
• Tap ‘Sign in to Paytm’.
• Select ‘Register’.
• Enter your mobile phone number.
• Protect your account by creating a password.
  You can also provide an email address (optional). However, Paytm does not use your email to log into your account, it can only be done with your mobile number.
• Tap ‘Register’ to complete the process.

Step 2: Funding Your Paytm Wallet

Funding your Paytm wallet is as easy as creating an account. Once you have funded your wallet, you can make bets online by depositing money into your account. You can also make payments to electronic wallets (such as Skrill and Neteller) and receive money from these electronic wallets. Before you can get started, it is recommended to increase your wallet limit to 1,00,000 INR. You can do this by following the KYC process, where you must provide proof of ID in the form of Aadhar and Pan Cards.

To add money to your wallet, follow these steps:

• Log in to your Paytm app.
• Tap on the ‘Add Money’ icon given on the home screen.
• Choose to add money using ‘Credit/Debit Card, Net Banking, or UPI’.
• Select the amount of money you want to add and tap ‘Add Money’. (Note: You are only allowed to add a maximum of 10,000 INR per month unless you verify your account through the KYC process).
• You will be redirected to a secure page, where you can provide your banking details.
• Enter your details on the page and complete the transaction.

The money will then be instantly added to your wallet.

Step 3: Choosing a Paytm Betting Site

You need to be careful and choose a genuine Paytm betting site. This is because the online betting market has a number of scam sites looking for scam players. Also, there are some betting websites that are not licensed, and hence it is better to avoid playing on these sites. The reason we say this is because some players have registered on the Indian betting site without permission with Paytm but were unable to withdraw their winnings. These players have no recourse because they are playing on unlicensed sites.

To avoid a similar scenario, always use a Paytm betting site that has a valid license. The best options are betting sites that are licensed by the UK Gambling Commission or the Malta Gaming Authority. You can find a list of trusted Paytm deposit betting sites here at Ibebet.

Step 4: Depositing with Paytm

Once you find a Paytm betting site with a valid license, the next step is to register as a new user. Then, you need to make a deposit using Paytm and you can start playing the game as soon as the deposit is made. Wondering how to deposit using Paytm? Follow the guide below.

To create a new betting account, navigate to the home page of the site, and click ‘Register’ or ‘Register’. Then, enter your details like First & Last Name, Gender, Date of Birth, Address, City, and Country. Also, create a username and password, which will allow you to log in to the betting website.

You can then log in to the account you just created and navigate to the Banking page. The banking page will show you a number of payment options. Select Paytm from the lot, enter the amount you want to deposit, and complete the transaction by authenticating it in your wallet. If not by wallet, you can also choose to bet via UPI as this is another popular transaction mode Paytm offers which deducts money straight from your bank.

As soon as this is done, you will be able to immediately start placing bets on this Paytm betting site.

Step 5: Withdraw with Paytm

In order to cash out your winnings into your Paytm wallet, there are a few requirements that you have to fulfill. The first step in this process is to go to the Paytm betting site and click ‘Withdraw’. You will then be asked to select a payment method and enter the amount you wish to withdraw.

Select Paytm from the list and enter the amount. You need to make sure that the selected amount is past the minimum withdrawal limit and is below the maximum cashout allowed on the gaming platform.

Some Paytm betting sites will ask you to go through a short KYC process, where you will provide identification cards such as Passport/SIM, Utility Bill, and other documents confirming your identity.

Since you are playing in India, some sites will also ask for a large number of tax deductions. This deduction will be accompanied by the relevant TDS certificate which can be used to file income tax returns.

Paytm Offers and Bonuses

When you make a Paytm cash deposit, you are entitled to cashback directly to your wallet. This makes Paytm one of the most used payment apps in India. You can get a percentage of the payment returned to you as cash at almost every online and offline store.

When it comes to betting sites Paytm cash deposit offers are usually not available. There are several betting sites that offer cash refunds on deposits made by Paytm, but that is not a common practice. However, there are a number of Paytm betting sites that allow you to take advantage of Paytm welcome offers and bonus offers when you add money using your Paytm wallet. These come in the form of free bets, welcome bonuses, and matched return bonuses.

For example, you create an account on the Paytm betting site and deposit 1000 INR. The website will then offer a welcome bonus which may give you a 100% match in exchange for your first deposit. This means you now have 2000 INR to play with (not the 1000 INR you deposited).

Other Paytm bonuses may come as free bets. This is cashed out by making a Paytm deposit, in return, you get additional bets for free. Apart from that, you can also take advantage of regular reload bonuses which allow you to deposit a certain amount using Paytm and get the corresponding bonus as stated in the offer.

Cricket Betting With Paytm

The most popular betting option in India is undoubtedly cricket betting. Cricket betting website Paytm gives you various options as you will find that they cover domestic tournaments like the Indian Premier League (IPL)  and top ICC tournaments like T20 World Cup, ODI World Cup, and Test matches.

You will find it easy to make Paytm IPL bets and online cricket bets using Paytm. If you want to find a Paytm cricket betting site, you can do your own research and create a shortlist by using Google. However, this can be a long and tedious process as there are a number of sites that offer cricket betting using Paytm and some of them may not suit your style of play.

Ibebet has done a detailed review of sportsbooks that offer cricket betting and gives you a breakdown of the pros and cons. We recommend that you browse through this list and choose the Paytm cricket betting site that suits your preferences.

The cricket betting sites we feature will give you all the options below.

• Sportsbook provides coverage of domestic and international cricket action.
• You can make payments (deposits & withdrawals) using Paytm.
• Sportsbook that has a valid license from a reputed regulator.
• You can bet on all aspects of the game – IPL, ICC World Cup (ODI & T-20), and other major T20 leagues.

Once you find a Paytm betting site that meets the above criteria, you can start betting on a variety of bets which include Outright Winner, Man of the Match, Result Toss, Best Fielder/Bowler/Batsman, Total Six (or Run), and more.

Paytm Betting App

There are many betting apps on the market that allow you to use Paytm. However, not all of them deserve your time and attention. A good mobile betting app must meet a number of criteria – because only then is it worth downloading. Always look for Paytm betting apps that are licensed, have good ratings on Apple or Android stores, offer Paytm as a payment method along with a fast KYC process.

However, playing in this application also has certain advantages and disadvantages. These are mentioned below for your consideration.

Pros:

• You have a mobile sportsbook available to you 24/7.
• You can place bets on your favorite sports in seconds.
• You can make deposits and withdrawals using Paytm in seconds.

Cons:

• In-play betting may not be the best option as mobile speeds can cause slight delays.
• Constant access to mobile betting increases the chances of gambling addiction.

Safe and Guaranteed Betting with Paytm

Betting website Paytm gives you the option to place bets on all your favorite sports. You can make deposits (to) and withdrawals (from) betting sites while maintaining 100% transaction security. Paytm acts as an intermediary between your bank account and gambling websites, giving you a cushion of security and avoiding the online scams common with credit/debit cards.

Frequently Asked Questions (FAQ)