Introduction Of Paytm Betting Sites
Paytm is one of India’s largest digital payment platforms, facilitating consumers, corporate business personnel, and miscellaneous users to make online or mobile payments. It provides an excellent platform for quickly funding betting accounts for online Indian sports bettors.
With its immense involvement and dense traffic in online betting sites, Paytm is one of the preferred payment methods among the online bettors community and the overall country.
Additionally, it also offers a wide variety of options and features for the ease and feasibility of the users. As India’s online sports betting market continues to grow and develop, Paytm has become a popular medium for money transactions, including deposits, withdrawals, payouts, and funding.
The popularity of Paytm Betting Sites In India
The popularity of Paytm betting sites has emerged with the rise of online homemakers and wagering. As the trend of gaming, payments, and marketing started to digitalize the demand for online betting also increased creating a need for a reliable and secure platform for money transactions.
Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. Soon after its founding Paytm rapidly became one of India’s leading digital wallets and payment platforms, facilitating seamless online transactions.
By the mid-2010s, numerous betting sites began accepting Paytm as a payment method to cater to the Indian market. Initially, international betting sites like Bet365, and Betway joined hands with Paytm, and gradually Paytm betting sites became popular among Indian betting companies.
Now, Paytm online betting id sites are considered the most reliable, and secure for online wagering and are actively contributing to the growth of online betting.
List of Best Betting Sites that accept Paytm as a Payment Method
Many bookies involved in betting have made Paytm their primary payment method and consider it the most relevant and reliable medium to deal with money in wagering. Available all over India and other countries like Bangladesh, Canada, South Africa, and many more Paytm has become a trending hub for money transactions with its secure technologies and fast functioning.
Currently, the top 10 betting sites that accept Paytm are:
Parimatch is an international sports betting company operating in Europe. Here, users can enjoy games like roulette, blackjack, and Parimatch slots from the comfort of their homes. Parimatch offers a 25% welcome bonus and the minimum deposit is up to 500 INR.
1XBet has established itself as one of the best bookmakers, especially in India. It provides a wide availability of casino games, live betting options, and live streaming of cricket matches. This platform is a top choice for cricket fans offering several bonuses during the IPL season such as IPL exclusive bonuses exceeding up to 66,000 INR and a free bet offer of up to 2,495 INR.
Established in 2009, Most Bet stands as the top choice among the Paytm betting sites. With more than 1 million users in 93 countries, it offers exclusive entertainment and wagering experiences. Similarly, it also provides a wide variety of bonuses ranging from 1,000 INR to 21,000 INR.
Defabet provides a user-friendly interface, with convenient deposit and withdrawal amounts. Deposits range from 1,000 to 5,000 with 10-30 times wagering requirements This online betting app has gained a popular and reliable reputation among users.
With Melbet Paytm betting sites, bettors can enjoy sports, multi-live, fast games, and a variety of other games. In association with Paytm, Melbet provides up to 53,000 INR as a first deposit bonus and has other exciting bonuses on different occasions.
1win
Established in 2016, 1win has made a name for itself in the cricket and sports betting market. The welcome bonus is up to 100,000 INR with a minimum deposit of 300 INR.
Megapari
With Megapari, bettors can enjoy the essence of sports betting, live betting, casino games, and esports betting. Moreover, they provide welcome bonuses of 100% up to 30,000 INR. The first deposit on Megapari can be as low as INR 90, allowing bettors to start betting and claim a substantial bonus.
888starz
Despite being founded in 2020, 888starz has established itself in the online betting community. The minimum deposit is INR 50 and the minimum withdrawal is INR 200.
22bet is one of the leading bookmakers in India. The main attraction is its wide range of sports, such as casino games, table games, football, cricket, and basketball. This online betting app also provides up to INR 200,000 for the Friday reload bonus along with a variety of other bonuses and conveniences.
It mainly looks after casino games like Andar Bahar, and Teen Patti, and classical games like Baccarat, and Blackjack. This offers a 5x deposit bonus of up to INR 2500.
Besides the above-mentioned betting sites, several other Indian betting sites have also acknowledged Paytm as their payment portal. Some of them are Sky Exchange Master, Ipl Win, aura24 Bet, diamond exchange online betting, World 777, Silver exchange, and 365 Cricket. These are the best Paytm betting sites.
Sites and companies registering with Paytm start by filling out a form indicating sales volumes, business type, official URL, and other necessary information to name their companies as Paytm betting sites.
What Sports Betting are involved in Paytm Betting Sites?
Several sports betting communities also incorporate Paytm betting sites for transactions. Due to its widespread use and convenience, it allows users to fund their accounts using Paytm. Some sports betting sites that are gaining popularity include:
- Cricket Betting
- Football (Soccer) Betting
- Horse Racing Betting
- Tennis Betting
- Kabaddi Betting
- Esports Betting
- Badminton Betting
Apart from the above-mentioned categories, many other forms of sports included in Paytm betting are golf, boxing, mixed martial arts (MMA), and basketball betting.
Among cricket betting sites, Paytm is the most popular. The Paytm betting sites that offer such sports betting include 10Cric, Betwinner, Parimatch, Leon Bet, UniBet, 1XBet, Betway, and Bet365.
Furthermore, in India, cricket betting sites and esports betting sites that accept Paytm are the most trending and popular due to the massive craze for cricket in the country.
Benefits of Paytm Online Betting
Since Paytm betting sites gained massive popularity in 2020-2021 during the Covid-19 era, their quality and services have increased rapidly.
As the number of companies and profits increased, they also started to provide exceptional benefits to consumers. Paytm is a digital financial transaction platform, that provides several financial system benefits:
- It includes instant transactions with fast deposit and withdrawal options and is available 24/7.
- Cashback and rewards are frequent as Paytm provides cashback offers, discounts, and promotional deals, and users can also accumulate Paytm rewards points.
- Safe transactions and privacy of banking details reduce the risk of fraud.
- A minimum transaction amount of 300 INR and deposits and withdrawals are possible without the fees.
What Makes a Paytm Betting Site Stand Out?
Online betting is gaining immense popularity among internet users and the youth. Today’s generation wants their works to be well-founded, valid, genuine, and definitive.
Thus, the divergent qualities of Paytm betting Sites provide a reliable, trustworthy, and effortless procedure with which users and bettors can place their wagers with ease and belief.
Reliable and Valid:
Paytm Bookmakers Sites serve as a reliable source and are upfront about how they deal with user’s information, money, and data. Its validity and lawful policies are what make Paytm the most trusted source of digital payment platforms.
Competitive Exposure:
Various sports introduce great traffic in the homemaker community and users could gain more strategies to deal with. Thus, the sites within Paytm betting have competitive odds and exposure, attracting users to engage in betting.
Unlimited Betting Choices:
Quality brings popularity and is eventually accompanied by multiple choices. Similarly, Paytm betting sites offer numerous options for users, providing all types of ventures with a variety of options. The various betting choices include pre-match betting, in-play betting, outright betting, handicap betting, and more. Along with that, Paytm betting sites offer a wide range of sports from around the globe, allowing bettors to enjoy the adventure to the fullest.
User-friendly involvement:
The easier an engine is to use the more people are likely to be associated with it. For users who enjoy being part of the betting community a fast, easy, secure, and supportive site is a positive sign. The Paytm Betting site meets the needs of the users and provides a platform that is easy to use with numerous sports secured under tight surveillance and great support groups.
Mobile friendly:
Engaging with Paytm betting sites does not require users to be tied to a single place. Paytm can be used on both Android and iOS devices and runs smoothly on mobile phones adding extra convenience for betting and management.
How Can You Start Betting with Paytm?
Interested individuals just have to follow a few steps of a simple procedure to enjoy the exposure of the betting world. The first procedure involves:
Register and sign up with Paytm:
1. Download the Paytm app
If you are wondering how to start online betting with Paytm, you can begin by downloading the application from the Play Store or App Store and following the instructions provided.
Step 1: Start the sign-up process and fill in the profile details.
Step 2: Enter personal information, email address, phone number and create a strong password.
Step 3: Click on “Create your Paytm Wallet” and enter the OTP code that you will receive on your email or phone number.
Step 4: Complete the KYC (Know Your Client) procedure by entering your name and date of birth. Provide your Aadhar Card, passport or driving license to verify the identity of your account.
2. Funding Your Paytm Wallet
Step 1: Sign in to the Paytm account and access the financial profile.
Step 2: Click on the “Add money” option and deposit button.
Step 3: Choose the Paytm settings and input the amount and banking details.
Step 4: Fund your Paytm account with the desired amount through various methods (bank account, Debit/Credit Card, or UPI).
Step 5: Input the OTP code and enter the confirmation code.
Step 6: Check the balance and keep the records.
Start Betting with Paytm Betting Sites
After creating an account on the Paytm digital platform, you must register with your preferred Paytm betting sites. Engaging with each site requires proper registration and following the protocols provided by the respective bookmaker site and Paytm. The following guidelines will show you how to wager with Paytm betting sites.
Step 1: Log in to your preferred Paytm bookmaker.
Step 2: Provide the required documents and information such as name, email address, phone number, and date of birth.
Step 3: Complete the registration form and receive a confirmation link.
Step 4: Upload a scanned copy or photograph of a government-issued ID and provide proof of address.
Step 5: Wait for your account to be verified.
Step 6: Enjoy your betting journey.
How to Deposit and Withdraw Funds via Paytm?
Paytm’s transactional system has a closed security, yet it is also a straightforward process. It offers various options for adding money to your Paytm wallet.
You can use the Paytm app, Paytm UPI, Paytm Payments Bank Branch, and cash deposit machines. The following steps include general ways to deposit money using the Paytm app.
Step 1: Open the Paytm application and login to your Paytm betting site.
Step 2: Go to the deposit page and locate your Paytm VPA (Virtual Payment Address)
Step 3: Select the appropriate financial system to add money and get details for the payment.
Step 4: Accept the payment request and confirm the transaction.
Step 5: Once the transaction is completed, you will receive a confirmation message and be notified about the credited amount.
Withdrawing a betting Amount:
You can withdraw the betting amount using a few steps:
Step 1: Log in to the betting platform’s website or app.
Step 2: Navigate to the “Wallet” or “Account” section of the platform and look for an option labeled “Withdraw” or “Withdraw Funds”.
Step 3: Select Paytm as the withdrawal method and specify the amount you wish to withdraw. (If it is your first time withdrawing, you need to link your Paytm account to the betting platform by entering the Paytm mobile number or email associated with it.)
Step 4: Review the withdrawal details and confirm the transaction.
Step 5: The confirmation processing time can vary. Some withdrawals might be completed instantly; while others might take a few hours to a couple of days.
Step 6: Check your Paytm account to verify the withdrawn amount that has been credited to your account balance.
Which Indian Banks Allow Paytm?
Paytm provides services that enable cash flow management for several Indian banks, including:
- State Bank of India (SBI)
- HDFC Bank
- ICICI Bank
- Kotak Mahindra Bank
- Axis Bank
- Yes Bank
- IndusInd Bank
- Bank of Baroda
- Union Bank of India
- Punjab National Bank (PNB)
However, some banks in India do not allow Paytm in their protocol. Thus, it is necessary to know whether your associated bank is accessible to Paytm or not.
Average Processing Times for Paytm Deposits and Payouts
The processing pattern of Paytm deposits and payout varies based on several factors like the type of deposit and payout method, bank provision, time of transaction, and purpose of transactions.
Payment methods like UPI, Credit/ Debit Cards, Net banking, and wallet transfers take just a few minutes, whereas bank transfers, and National Electronic Fund Transfers (NEFT) take a few hours to 1-2 business days.
Furthermore, for betting sites when it comes to deposits the processing time is superfast; it happens instantly or takes one or two minutes. The worst-case scenario might be about three hours.
However, when it is time for withdrawals, the processing time duration is as per the terms and conditions of the betting sites. Normally it takes somewhere between 5 minutes to three hours, but on some days you may have to wait for two or three days.
If you are in a rush for withdrawals or want to withdraw funds from your account back to your bank account, it can be done instantly, but a good amount of fee may be charged.
What Are Free Bets Provided by Paytm?
Paytm currently offers free bets in collaboration with various betting platforms in India. These free bets can be part of welcome bonuses for new users or promotions for existing users. Paytm provides several types of free bets based on timing and occasion.
- Welcome bonuses: Many betting sites offer free bets as a welcome bonus when you sign up and make your first deposit. Betting platforms like 22bet and 1xBet have such provisions.
- No deposit-free bets: Fun88 and 10Cric offer no deposit-free bets, allowing you to place bets without needing to deposit your own money initially.
- Regular promotions: For existing users betting sites like ComeOn! run regular promotions.
Advantages and Disadvantages of Using Paytm betting sites
There are several advantages and disadvantages of using Paytm betting sites which are listed below:
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Is Betting with Paytm Legal?
Yes, Paytm betting sites are safe to use as they offer special considerations related to safety, legality, and security. Paytm provides transaction security as it is a reputable digital wallet and payment gateway provider in India.
Similarly, Paytm also looks after the account security of the users with secure passwords and two-factor authentication to protect against unauthorized access.
Moreover, Paytm betting sites are legalized under the gambling laws of India. Cricket betting sites with Paytm are also under the surveillance of rules and legality, and the same goes for other sports betting sites. In states where such betting and wagering are prohibited, Paytm betting site subsidiaries are not present.
Similarly, when considering reputation, reliability, and regularity, Paytm betting sites guarantee a trustworthy channel.
However, users must do proper research and have information about the legality and security regarding such betting sites in Paytm to prevent future complications.
How to Have Safe and Secure Betting with Paytm?
Betting with Paytm can be a secure and enjoyable experience if one follows certain safety measures and applies disciplined practices.
It’s important to choose reputable betting sites paying attention to its:
- Licensing and regulation
- User reviews
- Industry reputation
It is also essential to secure your Paytm account with:
- Strong passwords
- Two-factor authentication (2FA)
- Monitor account Activity
- Avoid sharing details
Ensuring safe transactions is key and possible with:
- Secure payment gateways
- Verify deposit and withdrawal limits
- Tracking transactions
- Reviewing statements
Frequently Asked Questions (FAQS)
Can I use Paytm for betting on mobile apps?
Yes, many Paytm betting sites have dedicated mobile apps or mobile-optimized websites that allow you to bet using Paytm on smartphones or tablets.
How long does it take to withdraw using Paytm?
It usually takes around 24 hours to withdraw using Paytm; however, it might also take 3-5 business days for the funds to transfer.
Is it legal to use Paytm for betting in India?
The legality of online betting and gambling in India varies by state. While some states allow it, others have stricter regulations or prohibitions. Users should check their local laws before participating.
Are there any fees for using Paytm on betting sites?
Paytm itself does not charge fees for deposits or withdrawals to betting sites, but the betting site may impose its own fees or currency conversion charges.
Can Paytm only be used by Indian punters?
Yes, Paytm can only be used by Indian citizens living or residing abroad, and it is not currently possible to use the Paytm app internationally.
Utpal is a journalist covering online and offline sports in India. He has passion for everything sports and is a regular at various sports events. Follow him to stay abreast of all things sports.
