How to Deposit at Betting Sites using Paytm

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.

Best Betting Sites accepting Paytm

Here is a list of the websites that are currently accepting deposits using Paytm.

1

Betway

Welcome Bonus 100% up to ₹10,000 Exclusive
Visit New Customers Only. 18+. T&Cs Apply.
2

ComeOn

Welcome Bonus 100% up to ₹35,000 Exclusive
Visit New Customers Only. 18+. T&Cs Apply.
3

1xBet

Welcome Bonus 100% up to ₹10,000
Visit New Customers Only. 18+. T&Cs Apply.
4

10CRIC

Welcome Bonus 100% up to ₹20,000 Exclusive
Visit New Customers Only. 18+. T&Cs Apply.
5

Fun88

Welcome Bonus 200% up to ₹7,500
Visit New Customers Only. 18+. T&Cs Apply.

Betting sites accepting Paytm

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:

  • 1xBet
  • ComeOn
  • 22bet
  • Casumo
  • Betwinner
  • 10Cric

Using Paytm as a UPI Deposit Method on Betting Sites

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

Best Site using Fun88 to make a deposit

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.

Benefits of using Paytm for betting

  • Easy - Using Paytm for deposits on betting accounts is very easy, and in most cases, instant. We would recommend loading your Paytm account before making a deposit in the betting account.
  • Free to Use - There are no charges for depositing money in your betting account using Paytm on most of the casinos. There are some that do charge some fees, which we do not recommend.
  • Safe – Since you are not sharing any of your banking details with the casino company, using Paytm is extremely safe to use.
  • Most websites provide adequate limits of deposit amounts, and should sufficiently cover your needs.
  • Some websites like BetWinner and 22bet also allow withdrawal via Paytm. You can store this amount in your Paytm account and use it for your next deposit. This makes it convenient when compared to moving funds in and out of your bank account

How to deposit money into your betting account using Paytm

It is pretty simple to use Paytm to deposit money into your betting account, provided that your website supports Paytm as a payment method.

  1. You will first need to log in to your betting account and go to the `Deposits´ option
  2. You will now be presented with a list of different deposit methods. Select `Paytm´ and fill in the amount that you wish to deposit in your betting account. You will be redirected to the Paytm website, where you will have to enter your credentials and confirm the payment.
  3. Take a screenshot of the transaction as you may need to upload it to the website as proof or you might need this for a transaction id.
  4. The amount will be reflected in your betting account after confirmation (that can take about 45 minutes to one hour).

Is Paytm safe to use to make a deposit on gaming site?

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.

Information about Paytm

How to create a new Paytm account

  1. In order to create a Paytm account, you will first need to download the app on your mobile device. The app is available for Android as well as iOS devices.
  2. Once the app is downloaded, open the app, and tap on the `Profile´ tab on the top right-hand corner of your screen, and then tap on the `Create a new account´ button.
  3. You will now be asked to enter your mobile number and email ID, and set a password for your account.
  4. Again tap on the `Create a new account´ button. You will be sent an OTP on the mobile number that you entered. Submit that OTP, and you will be asked to enter your full name, as well as the date of birth.
  5. Once done, tap on the `Create account´ button. That’s it, your account is created.

Alternately, you can also create an account from the Paytm website by submitting the same details

Paytm KYC

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.

How to load your Paytm account

You can add money to your Paytm account using your credit/debit cards, from your bank account, or by using UPI.

  1. Just log in to your account, and tap on the `Add money´ icon.
  2. You will now be asked how you wish to add the money.
  3. Make an appropriate selection, and enter the amount that you wish to put in your Paytm account.
  4. Tap on the `Add money´ tab again, and you will be redirected to a payments gateway.
  5. Enter the relevant details like UPI ID or CVV of your card, and confirm your payment.

Paytm fees

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.

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