Paytm is a name we are all familiar within India, it has become a popular banking service, even perhaps the leading payment service in India because it works through people’s mobile phones. In this Paytm review, we will be discussing how this e-commerce payment method can be used for online casino sites.
Paytm Is an Indian money transfer service
We will share with you which betting sites accept Paytm and from which experience Paytm games real money payouts. Not only will you pick your online casino from our top 10 list, but you can also enjoy your Paytm gambling experience with an exclusive first-time member welcome bonus from the Paytm casino.We will also be discussing the Paytm withdrawal and deposit steps once registered to a casino. We discuss security and the benefits of the service.
Paytm India is now a major force in the gambling industry and as such, may help you to enjoy the many online features and games that pay Paytm cash.
Paytm is an abbreviated word of Pay Through Mobile, and because India has the second largest number of mobiles per person in the world, it stands to reason why Paytm is so well used and makes for them to be a recognised and legitimate service that is fully integrated with an RBI UPI-payment portal. Meaning this is top of the tree in terms of payment security.
First, let us take a brief look at how Paytm India came to be before it was used as a Paytm casino option.
The company is based in Noida which is located in Uttar Pradesh. The founder of the company is a Vijay Shekhar Sharma. The payment service is a life-product, it is connected to everything and anything. The Paytm service can synch your bills, rent, vehicle cost, travel and can purchase event tickets, flights and so many other services. The Paytm model offers a fast and safe form of payment transfer between Paytm account holders. There are also many benefits that we will come to besides the Paytm gambling option.
Through the service, you can claim discounted prices on high-quality products. The Paytm service has a website that is virtually a shop that lets you easily make purchases and even grocery shopping.
When Paytm first hit the market, it was the first mobile app to reach over 100 million downloads amongst Indian users. The success of the service and its approach was picked up by Canada and now services Canadians in the exact same way.
This is a 100% Indian service and as such, there is no currency conversion to concern yourself over. In the unlikely event that you join a casino that doesn’t accept rupees, then you may expect some conversion charge, but if you stick with our services and our top 10 lists, you will only find Indian rupee casinos available.
Let us now show you how you can create your own Paytm account in our second part of this review.
Creating a Paytm account is free and easy
Formulating a Paytm account is very easy and will have you set up and ready to join any Paytm casino in a matter of minutes.
Okay, so getting an account set up is beyond easy. Should you want to get started right now and follow the steps of our guide, you could have your own Paytm account ready within 30 minutes, start to finish.
The first step you need to make is to download the free Paytm app because this is how the service is accessed being a mobile payment service. You can find direct access to this via Google. When you register through the mobile app, you will input your mobile phone number and you will need to also provide an email address and select a password.
Paytm will then issue you a one-time password to your number, you then use this with your name and date of birth to create your account and there you have it, your Paytm India account is complete and ready to use.
Verifying your Paytm account
You now have your Paytm India mobile app ready and account made, so now what happens? How do you go from app to Paytm casino?
Well, first, you need to verify your payment preference with your casino, which now means picking a Paytm gambling service and platform to bet and win Paytm cash.
When you make join any online casino, you must go through a KYC process. This stands for Know Your Customer, which is a regulatory check in aid to provide members a secure service to make sure no false accounts get made to then become involved in money laundering. This KYC is a compliance check done by every online casino in India.
The process is for you to provide evidence and proof of who you say you are, so this is ID. You can use your Aahar Card, your PAN Card or your Voter ID Card. Documents will be required for purposes of knowing where you live. A residential address can be taken from a banking statement or from a utility bill. The casino will only require seeing the official heading with your address so you can blank or any details you wish to keep private.
All this can be done through photos that are then attached to the online registration form. In some cases, these details may be asked of again down the line when making a large withdrawal, this is just part of the casino’s commitment to run random checks on all members, so it’s all part of the compliance process the casinos have to abide by because it is requested by the licensing regulators and not because they do not trust you.
Deposit with Paytm, withdraw with Paytm
The guidelines on how to withdraw money from Paytm and how to make deposits will be detailed within the actual casino, but the process of putting money into your casino account from your Paytm India account is fast and simple that it’s almost second nature.
The Paytm casino you opt to join will have a banking section, in this area you will make your requested Paytm cash deposit and your Paytm withdrawal.
So, let us look at the Paytm cashout method for both below…
How to make a casino deposit with Paytm
With your Paytm India account, depositing will be fast and easy and there are no hidden charges from any of the Paytm casino platforms we recommend.
To make a Paytm cash deposit you can use one of the following payment methods.
- Credit Card
- Debit Card
- Net Banking
- BHIM UPI
The Paytm process works by being able to link any banking account to the service of Paytm using UPL. Paytm is a middle party and online security wallet that won’t put out details of your original banking account. So, you will deposit money from your bank into your Paytm account and from that account, you will transfer money to the Paytm casino. You won’t be able to link the service with other e-wallet businesses, so, for example, you cannot go from bank, to Paytm to Skrill, to casino.
e-wallets have to have direct contact with your banking account at each end. The same goes for the likes of Neteller, you can’t go from your bank to Neteller to Paytm, to then deposit into the casino.
What are the benefits of Paytm in Indian casinos?
Why is Paytm India so beneficial?
- The platform of service is very fast and easy to use.
- The Paytm method makes it cheap to deposit money as there are no fees.
- The Paytm service is regulated by the Reserve Bank of India.
- Paytm complies with strict laws and regulations to ensure your details are kept under the best security. Also, the casinos you are able to join operate under European GDPR laws which are deemed to be better at the security service.
- The process of making a Paytm account takes no more time than 2 minutes.
- Paytm supports low deposits with 500 INR being the lowest.
- All Paytm payments are INSTANTLY deposited so you can play straight away.
What are the disadvantages of Paytm in Indian casinos?
Is everything perfect with Paytm India? Well, here are the disadvantages or the cons of the payment service that we and other players experienced and reported.
- Reaching any customer care service is hard and when you get there, they aren’t overly helpful.
- If you withdraw using the Paytm service there is a fee to pay which can be high.
- If you withdraw money from the Paytm wallet into your original bank account there is a 4% charge. So, you are encouraged to just spend from your Paytm account.
- There aren’t many casinos online in India that enable you to use Paytm.
Where to gamble online using Paytm
Despite the fact that Paytm India is one of the leading banking setups in the country, it is not as commonly used by online casinos in the same market. To find which betting sites accept Paytm you can use our list. In them, you will be able to access games like live Teen Patti and Andar Bahar. You can play classic games like Roulette and Blackjack and there are many Slot machines to play.
Many Paytm casinos come with live sports betting as an additional gambling platform where you can bet on live Indian cricket and watch the action streamed live to see the result of your bet come in.