Paytm Betting Sites in India

It doesn’t matter if you’re in India or any other country in the world. If you want to participate in online gambling of any form, you’ll need to use online payment methods. Most modern online betting sites offer a wide range of methods for punters to choose from. The question is, which one do you go for?

To answer this question from millions of bettors in India, we’ve decided to create this payment guide series. And for today, we have the Paytm betting sites. Throughout this guide, we’ll try and learn which betting sites accept Paytm, how the method works, how you can perform the transactions, the fees you may have to pay, and lots of other helpful information.

In simple words, Paytm is a digital payments service based in India. The thing about Paytm is that it has pretty much revolutionized how digital payments work. India has never seen any online payment method that can take care of so many actions at once ever before!

The company was founded by Vijay Shikar Sharma, a technology entrepreneur in 2010. The parent company is One97 Communications. Paytm is one of the many consumer products the company has under its name.

For the first decade or so of its invention, Paytm was privately owned. In 2021, Paytm went public with record-breaking IPO releases on the Indian Stock Exchange.

As of now, you can use your Paytm wallet to send money, receive money, pay merchants, receive payments as a merchant, get credit/debit cards, and a plethora of other functions. It’s the true definition of one-stop payment solutions in India.

The diversity in the product portfolio has made Paytm one of the prime choices for Indians. If you could get your hands on a payment method that can do everything you need in your daily life, it’s only obvious that you’ll want to use it.

Among all the areas you can use this method, online betting is one. As all the online gambling sites that accept bettors from India are offshore, they all partnered up with Paytm to make online betting more seamless for the locals. 

Whether you prefer Paytm cricket betting sites, football betting sites, or tennis betting sites, none of them are off-limits to you!

This reflects in the total number of Paytm users in India which is over 300 million at the time of writing!

Initially, Paytm was only a recharge platform to let users recharge their prepaid mobile numbers and DTH subscriptions conveniently. It has been a long journey for the company to be where it is now.

The Paytm wallet is the component you’re going to use when you bet with Paytm. The wallet was launched in 2014. At this point, you can do pretty much everything you can think of with your money through Paytm. The prerequisite is that you must have a KYC-approved account.

Now, a lot of payment methods fail because they make the KYC verification process too complex. Not Paytm though. It planted hundreds of KCY points all over India. Users can just ask the agent to open a Paytm account for them. Of course, the customers will need to submit the required documents first.

Once your account is ready, you can use any of the UPI methods to fund the Paytm account. This is a 2-way process which means you can withdraw funds from your Paytm account to your bank accounts too!

The most amazing part of this service is that you don’t have to pay anything extra!

When an online gambling company penetrates a market, one of its primary targets is localization. In simple words, localization means adapting the products or services according to the need of the niche.

It means offshore gambling sites needed to adapt their services to make an impact on the Indian market. Paytm has been pivotal in this regard as the biggest challenge for bettors was to deposit in their betting account and withdraw out of it.

Witnessing the massive success of the payment method in the country, all international bookmakers decided to offer it as a valid payment method for their sites. It resulted in a never-seen-before rise in the number of people who participate in online gambling from India.

As Paytm is an online wallet and not a bank transfer method, you need a valid account. You can either go to a KYC point or open the account by yourself. It’s a very straightforward process. If this is your first time using Paytm cricket betting sites, follow our guide for the sign up process.

1. Visit the Paytm website. You should find the Sign Up and Login buttons in the top right corner of the website.
2. The primary point of identification is your phone number. And it’s the first thing you need to enter on the form.
3. Enter your email address and password for future logins.
4. Your account is already created at this point. You can even use it for limited-scale fund transfers. But for the full potential of a Paytm account, it’s highly recommended that you complete the KYC verification on your account.
5. The process starts with you entering your first name, last name, date of birth, complete address, etc. personal information.
6. At one point, the platform will ask for ID. You can use your Aadhar card number in this step.
7. If everything goes right, you should get a notification that your verification has been successfully completed.

To deposit real money in your Paytm betting sites accounts, you first need to transfer the funds to your Paytm account. Thankfully, you can do it using your bank account, credit card, debit card, Net Banking, and UPI.

Here are the steps to a Paytm deposit betting site:

Log into your Paytm account using the email/phone number and the password you used during the registration process.

1. Choose the “wallet” component from your account.
2. Choose “Add Money”.
3. You’ll be asked the amount for the deposit. Enter your desired amount and click next. You can also do wallet-to-wallet transfer to Paytm for instance, if you want.
4. This should present you with a list of all the payment methods you can use. Select the one you see fit. Keep in mind that certain methods can charge a small fee for the transaction.
5. Enter the payment method credentials and complete the authentication.
6. The funds should instantly show up in your Paytm account.

Betting by Paytm starts with a deposit into your betting account. We’ve already shared the best Paytm gambling sites that accept punters from India. In fact, we’re going to narrow down your options even further in an upcoming section.

For now, let’s focus on the deposit process at Paytm-accepted websites.

1. Log into your betting site account.
2. Locate the banking/cashier page. It’s usually a button on the home interface that says “Deposit”. In any case, this is an intuitive process.
3. Once you’re on the deposit page, scroll down until you find Paytm, and click on it.
4. Enter the desired amount for your deposit. If this is your first deposit, your account might be eligible for a welcome bonus from the cricket betting app Paytm. In that case, enter the minimum deposit amount or more for the bonus.
5. Enter your Paytm credentials on the pop-up window to authenticate the deposit.
6. The money will show up in your betting account instantly! Now you are free to bet on sports with Paytm.

As you’re gambling for real money, chances are high that you’ll win some of it back. Also, you have the option to withdraw the bonuses you get. You’d be glad to know that you can use the same Paytm account for withdrawals as you did for the deposits!

Here are the steps on how to withdraw money from Paytm bet sites.

1. Log in to your betting account again and visit the cashier page. This time, choose “withdrawal”.
2. Enter the amount you want to withdraw from the account. Similar to the deposit, there are minimum and maximum withdrawal limits. Enter a valid amount that falls within the range.
3. For the withdrawal to work, your betting account must also be verified. It’s best to complete it in advance so that there is no delay in the withdrawal process.
4. Enter all the credentials needed for the withdrawal.
5. Allow the betting company to process your payment. It typically takes between 24 to 48 hours all over the world.
6. Once the Paytm betting apps process your withdrawal, it’ll show up in your Paytm account instantly.

You can always withdraw the money from Paytm directly. Or, if you don’t want the cash, you can withdraw it to your bank account for safekeeping. The Paytm wallet offers a dedicated feature that allows you to directly transfer funds to your bank account.

1. Open the Paytm app on your phone and go to the wallet section.
2. Locate the “Transfer to Bank” option and tap on it.
3. Enter the amount you want to transfer to your bank. Make sure it’s aligned with your existing balance. The allowed range for bank transfers is from ₹25 to ₹25,000.
4. Enter your bank account number, account title, and other fields that are necessary.
5. Congratulations! You’ve successfully completed the full journey at Paytm betting sites!
6. Keep in mind that bank transfers may take up to 5 business days based on the server load.