Paytm Betting; Review for Betting Sites in 2021
Paytm Betting Online sports betting helps you to easily place bets from the comfort of your home.
You just need to choose a betting site, create your betting account and deposit money to place bets. You will get many different payment options to deposit as well as withdraw money from your account.
When it comes to choosing a payment method for depositing money in your betting account, you need to compare all the options.
The majority of the besting sites provide Paytm payment option. It is one of the oldest and most popular digital wallets in India.
If you want to know more about Paytm betting and Paytm review for betting sites, follow this guide.
What is Paytm?
It is one of the most popular e-commerce platforms in India. You can use it to make payment directly from your mobile phone.
Launched in the year 2010, Paytm is the oldest digital wallet in India. It stands for “Pay through Mobile”. You can simply download this app on your smartphone and start mobile online payments.
It dominates the Indian digital payment market. With nearly 40% of people using this platform, it is one of the most popular choices in marketing online payment.
Most of the online casino India sites provide Paytm option to the users for depositing and withdrawing money from their betting account.
It is not only easy to use but helps the bettors to enjoy exclusive bonuses while depositing money.
What are Paytm Betting Sites?
There are many betting sites in India where you will find the Paytm option. It was one of the first digital wallets used by the betting industry in India.
It is very easy to find Paytm betting sites in India. You can use Paytm deposit as well as withdrawal option with these sites.
The majority of the bettors use the Paytm app on their phone, which makes it an ideal choice for sending as well as receiving money.
Fun88, Betway Sports, 10Cric, Funbet, 22BetIndia, Casumo and Melbet are some of the Paytm betting sites in India. If you want to use Paytm for betting, you can simply check our Paytm review for betting sites.
It will help you to learn more about Paytm betting and show you how to deposit as well as withdraw money using this option.
How to Deposit at Betting Websites with Paytm?
If you want to use the Paytm Betting payment option to deposit money in your betting account, follow these steps.
- Step 1: Download Paytm App
The first thing you need to do is download the Paytm app on your smartphone. You can download this app from Play Store or App Store. If you don’t want to download this app on your phone, you can use the web interface as well.
- Step 2: Create Account
Now, you need to create an account with this app. You need to register your mobile number, which is linked with your bank account. It will help you in verification.
- Step 3: KYC
After that, you need to complete the KYC process. You need to use PAN or Aadhaar number to complete the KYC. If you don’t complete the KYC process, you will get limited functions.
- Step 4: Sign In to Betting Account
Now, you need to sign in to your betting account to deposit money. You need to go to the deposit page to deposit money.
- Step 5: Choose Paytm
After reaching the deposit page, you need to choose the Paytm option from all the other payment options.
- Step 6: Log in to Paytm and Enter Amount
Now, the site will take you to Paytm. You need to log in to your Paytm account using the credentials. After that, you need to enter the amount you wish to deposit.
- Step 7: Add Money to Wallet
In this step, you need to use Net Banking, UPI, Debit Card or Credit Card option to add money to your Paytm wallet. You will get an OTP to add money to your number.
- Step 8: Deposit
This is the last step, where you just need to click on the deposit option to deposit money from your Paytm wallet to your betting account.
How to Withdraw from Betting Websites with Paytm?
You can use Paytm to withdraw money from your betting account. However, it will take 24 to 48 hours for the money to reach your wallet. Apart from that, you need to pay some fees to withdraw. It depends on the amount of the transaction. If you want to withdraw money, follow these steps.
- Step 1: Sign In to Betting Account
You need to sign in to your betting account and go to the withdrawal page.
- Step 2: Choose Paytm
After that, you need to choose the Paytm Betting option to withdraw money.
- Step 3: Enter Paytm ID
Now, you need to enter your Paytm account ID. It is mostly your mobile number.
- Step 4: Enter OTP
After that, you need to enter the OTP to complete the transaction. Once you get the money in your wallet, you can transfer it to your bank account.
Advantages of Using Paytm for Depositing Money in Betting Account?
There are many advantages of using Paytm for depositing and withdrawing money from your betting account.
It is one of the most convenient methods to deposit and withdraw money from betting sites.
- Fast Transaction
You can use it to quickly transfer money. Unlike traditional payment methods, you can enjoy speedy transactions.
- Mobile and Web Platform
It is available on mobile as well as a web platform. You can use it from your mobile as well as desktop.
- Safe and Secure
You have to enter OTP in order to validate the transaction, which makes it pretty safe and secure.
- Multiple Accounts:
You can use multiple bank accounts with Paytm for sending and receiving money.
Paytm Betting FAQ:
- Is it safe to use the Paytm payment method with betting sites?
Yes, it is safe to use Paytm as many changes have been made to make it more secure for users. However, there is only one step verification in Paytm compared to other digital wallets.
- Can I use Paytm for cricket betting?
Yes, you can use Paytm for cricket betting. However, you need to make sure the betting site provides a Paytm payment option.
- Is it compulsory to complete KYC with Paytm?
It is not compulsory, but it is better if you complete it. Without KYC, you will be able to send and receive amount only up to Rupees 10,000.