In this guide, we will run through what Paytm is, how it works, how to verify your account (KYC check) and how to use it for online gambling sites in India.
But how can people use Paytm on a betting site in India? Here is the complete guide, with all you need to know, including details about making deposits and withdrawals by using Paytm.
Paytm is available in 11 Indian languages, which makes it an ideal option for people all over India who are considering joining a betting site or online casino.
Having been founded around 10 years ago Paytm is one of the most experienced online payment companies to have been set up in India to date.
Paytm is free to use, which is one of the top reasons it is so popular, while it is much more user-friendly than some of the best alternative methods to make payments at online sites.
Paytm, which was the first Indian payment app in the country to record over 100 million app downloads, has around seven million merchants in India signed up for its service already.
This means that most people will find Paytm to be a fantastic way to manage their money and play at their favourite online gambling sites, whichever operator they decide to go with.
Many online casinos and betting sites in India now allow Paytm to be used, but it is still recommended to check your favoured site offers Paytm before signing up for an account.
The number of sites where it is possible to use Paytm is also growing all the time.
Join Paytm through its official website, which is a simple process that should not take a lot of time. Enter your email address and phone number into the relevant boxes to get started.
After setting a password, users will then be prompted to create their own Paytm wallet, which involves entering a code that will be sent in a message to your smartphone.
This completes the process of signing up to Paytm, after which users will be ready to make a deposit into their chosen Indian online casino or betting site.
With no fees charged for depositing with Paytm, this will be a popular payment option for Indians who sign up for an online gambling site that permits its usage.
Depositing with Paytm is simple and fast, with the money added to accounts shown instantly.
Users just need to head to the cashier of the online gambling site they want to use, then decide how much money they plan to add and select the Paytm option from the list available.
There is likely to be a minimum deposit limit, so users will have to add more money than that.
Withdrawing with Paytm is also an easy process that means users can get their hands on the winnings they earn from online casinos and betting sites quickly.
This e-wallet is considered among the fastest for withdrawals to be processed. However, it does depend on whether your chosen online operator requires verification to be completed first.
When this is the case, users might need to upload copies of documents such as proof of ID - a passport is ideal - as well as a utility bill. This helps to prove they are the account's owner.
Minimal withdrawal limits are likely to be in place and users may also need to pay a fee (charged by some operators not Paytm) but most gambling sites offer free withdrawals using Paytm.
There are both pros and cons of using Paytm on a betting site in India, but here are some of the main advantages of choosing their particular payment method over the many alternatives:
As well as the above pros, some cons of using Paytm on a betting site in India include:
Naturally, all of the different online payment methods that are available to use in India have advantages and disadvantages. Paytm is no different, but millions trust this payment provider.
You will need to complete the minimum "Know Your Customer" (KYC) check to use Paytm, but the process is quite simple.
Head to the official Paytm website and click "KYC link". Here, you can enter your name and the unique identification number of your passport, Voter ID, Driving License or NREGA Job card.
After submitting these details, you are now a minimum KYC customer and your wallet will be activated.
If you have any issues with the KYC check, you can still use Paytm for UPI money transfers, or purchases using your debit/credit cards and net banking.
But, we do recommend completing the full KYC check to get the most out of Paytm.
Once you complete the full KYC check you will receive these benefits:
But, to complete the Full KYC Paytm check you will need to complete an in-person verification. You can do this by:
Aadhaar based KYC and your nearby KYC point which you can find by visiting this link on your phone. Or, you can click on the "Nearby" icon on the blue strip at the top of your Paytm app.
If you do not have Aadhaar, you will need to visit select locations and bring your PAN, and one government issues document such as your Driving License, Voter ID, Passport or NREGA Job Card.
Online casinos and betting sites in India have strict rules on how it is possible to qualify for the new customer promotions and bonuses that they offer.
Paytm users may not be able to claim casino bonuses, but it should say clearly in the terms and conditions of the offer in question whether or not this is the case.
Due to the fact that state of the art SSL encryption technology is used by Paytm, the service is considered to be among the most safe and secure to be used at Indian betting sites.
A key benefit is that Paytm users do not have to share any of their personal banking information with their chosen Indian online casino or betting site.
As these online operators can often be targeted by criminal hackers, Paytm might therefore be a smart choice for the security-conscious.
All online operators have different minimum and maximum limits in place for deposits and withdrawals, with Paytm among the payment methods that will have all the information included in the terms and conditions of the relevant website.
It is worth checking these details in advance of signing up for an account with an online operator.
The quickest and easiest way to sign up for Paytm is through the service's official website. Users just need to create and account and verify it through a code sent via smartphone.
Then, they will be able to start playing their favourite online casino games or place bets on sport after placing a deposit into the relevant account by selecting the Paytm method.
Open up the Paytm mobile app and head to "Passbook". Then, select "Paytm Wallet" and "Send Money to Bank". Simply enter your banking details and the amount you want to transfer and confirm the transfer.
To activate your Paytm wallet you will need to complete the minimum KYC check. Head to the official Paytm website and click on the KYC tab. Then, you will need to enter your name and the unique identification number of an official government document such as your passport, Voter ID, Driving License or NREGA Job Card.
If you intend to close your Paytm account, we recommend checking your balance first to make sure you do not lose any money. Then, to delete your Paytm account permanently, login to your Paytm account and click on the menu, then "profile settings". Select "I need to close/delete my account", then "I don't use this Paytm account". Finally, confirm and click "Message us" and the Paytm team will verify your request and close/delete your account.