Depositing into your online gaming and betting account has never been easier, as many of such websites have started accepting deposits made via Paytm. Paytm betting sites are more convenient to use as most of us are well versed with how Paytm works.
Let us have a detailed look into how exactly can you use Paytm in order to make deposits in the betting sites in India. We will also review what exactly is Paytm, and how can we use it to make deposits on betting websites.
Here is a list of the websites that are currently accepting deposits using Paytm.
1 |
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Betway |
Free Bet
100% up to ₹10,000
|
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Visit New Customers Only. 18+. T&Cs Apply. | |
2 |
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Parimatch |
Welcome Bonus
150% up to ₹30,000
Exclusive with OCB
|
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Visit New Customers Only. 18+. T&Cs Apply. | |
3 |
|
1xBet |
Welcome Bonus
130% up to ₹26,000
Exclusive with OCB - USE CODE: CRICKETBETTING
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Visit New Customers Only. 18+. T&Cs Apply. | |
4 |
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10CRIC |
Welcome Bonus
100% up to ₹30,000
Up to ₹300 Free Bets + 10 Free Spins
|
|
Visit New Customers Only. 18+. T&Cs Apply. | |
5 |
|
Fun88 |
Welcome Bonus
250% up to ₹5,000
|
|
Visit New Customers Only. 18+. T&Cs Apply. |
While most betting sites accept international e-wallets like Neteller and Skrill, the popularity of such sites in India has meant that more and more sites are accepting methods that are popular in India.
Some of the most popular Paytm betting sites include:
Many websites like Betway and Bet365 do not allow deposits directly from a Paytm wallet. However, you can use the UPI interface, which is allowed by both the websites to indirectly make deposits on such sites.
Do read our guide on using UPI as a deposit method within India.
Fun88 launched recently in India but is certainly not new to the online betting market. It is a well known and a well respected site sponsoring some major football teams through the world.
We like Fun88 as they provide a range of deposit options for making a deposit by the users in a fast and efficient way and Paytm is one of those
With the range of cricket betting options and live dealer games, we recommend opening an account with them and making a deposit.
It is pretty simple to use Paytm to deposit money into your betting account, provided that your website supports Paytm as a payment method.
Paytm uses state-of-the-art 128 bit SSL encryption for all its transactions, making them very safe. Also, Paytm is PCI DSS compliant, meaning it can safely handle credit and debit card transactions and has proper safeguards in place to prevent any fraud.
Being regulated by the RBI also means that it is regularly audited for its financial stability.
Using Paytm on a betting site is extremely safe to use, especially because you are not exposing any of your financial banking details on the betting site. With Paytm, you can load the wallet with a certain amount of money and use that to make a transfer. No banking details are shared with the betting site.
In case your transaction fails on the betting site, you can approach the site with your transaction reference and they will be able to track and load your account, or your money is generally refunded back.
Alternately, you can also create an account from the Paytm website by submitting the same details
Once you create an account, you will be able to do UPI transfers and use Netbanking or your credit/debit cards to make purchases. However, if you want to hold some money in your Paytm wallet, make payments to websites or apps using Paytm, you will need to complete certain `minimum KYC´ requirements. In order to do `minimum KYC´, you can either provide your passport number, your Voter ID number, driving license number, or NREGA number.
After your minimum KYC is complete, you can hold up to ₹10,000 in your Paytm wallet, and use it to make payments to offline merchants or websites
In order to unlock the full potential of your Paytm account, you will need to complete Full KYC using your Aadhar card. Once your Full KYC is complete, you will be able to hold up to ₹1,00,000 in your Paytm wallet and can transfer money to any other wallet or bank account.
Also, there are no daily transaction limits on accounts whose Full KYC is complete.
You can add money to your Paytm account using your credit/debit cards, from your bank account, or by using UPI.
Adding money to your Paytm account is free when you use any method except credit cards. Loading your wallet using a credit card will attract a charge of up to 2.5% of the amount.
Paytm does not charge you anything for making payments, including depositing money in a Paytm betting site. Also, there are no fees to transfer money from one Paytm wallet to another.
However, if you are looking to transfer money from your Paytm account to a bank account, you will be charged a 5% convenience fee.