Paytm

paytm logo

Paytm is one of the top online payment options for casino players who value not only secure and reliable banking but also privacy as well. The Paytm digital wallet acts as a middle platform which means that all your personal bank details are kept completely safe when banking at one of our recommended Paytm casino sites.

The following guide will uncover all the important details when using Paytm such as the pros and cons, any fees that you should be aware of and how easy it is to contact the support team. We also outline all the key points when depositing and withdrawing money from online casinos so that you know exactly what to expect if you decide to use Paytm.

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How does Paytm work?

Paytm is now connected to over 170 banks across India and it is based upon the latest UPI payment technology. This means that you have more than likely used this type of payment method before in your everyday life. You need three basic requirements for it to work and these include a Paytm account with a Paytm UPI ID, your bank account, and an active casino account that accepts Paytm (or Net Banking as it is commonly labeled on the banking page).

Follow our quick step-by-step guide below to install Paytm on your mobile phone:

  1. Download the Paytm app or head to the official website and click the “Sign up” button.
  2. Enter your mobile number and your email address along with a secure password.
  3. Click on the “Create Your Paytm Wallet” option.
  4. A One-Time-Password will be sent and you need to enter this to verify your account.
  5. Fill in your name along with the other requested information and click “Create Account”.
  6. You are now ready to fund your online casino account with Paytm!

We will explain each of the deposit and withdrawal procedures later on in the guide but there are additional benefits for those who use Paytm. It is widely used across the internet with the Paytm digital debit card powered by RuPay being a popular choice, but you can also pay bills, buy flights and movie tickets, and charge your mobile amongst many other options, too.

paytm an Indian woman is showing the app to her husband

Why use Paytm?

Using the Paytm payment method to fund your online casino account will not only save you money, but it is also quick and convenient which is something that Indian players have long been waiting for.

One of the important features of Paytm and any type of digital wallet is that it keeps your personal banking information off the casino site. You can put your trust in the Paytm service as it uses all the required high-level encryption technology that ensures every transaction is safe and secure. It is also licensed by the Reserve Bank of India which is the top-level seal of approval for any financial service in the country.

Small deposits are available which is perfect for low-budget players and the minimum limits start at just 500 rupees, but we recommend checking with the online casino to see if they list any specific deposit limits of their own. Deposits are also completely free and activated instantly and so your money will be available to play with as soon as the payment process is complete. Paytm offers many advantages and it is why so many players now opt for this payment method all across India, see below for our list of advantages and disadvantages.

Advantages

  • Free and instant deposits
  • Convenient mobile banking
  • Send and receive in Rupees
  • Works with online casinos
  • Licensed by the Reserve Bank of India
  • Cashback rewards

Disadvantages

  • 5% withdrawal fees from Paytm to your bank
  • The verification process can be time-consuming
  • Lose your phone and you may lose your Paytm money

Fees

The big feature that attracts casino players when using Paytm to fund their accounts is the free deposit transactions. Every Rupee that you deposit will end up in your account for you to play with. Most casinos allow you to deposit for free, but the key idea with Paytm is that you deposit with Rupees. This means you remove any of the typical currency conversion charges that are often found at international casinos. These fees can be between 2-5% which means that you will save a lot of money over the course of a year when using Paytm.

One useful tip is to ensure that you always deposit from your bank to your Paytm wallet using debit cards or UPI payments. There is a 2% fee included when you use credit cards to deposit.

If you use debit cards and UPI payments, as is recommended, then the only fee that you will be charged is when you withdraw money to your bank. This means that you can move your winnings back to your Paytm wallet and then use that money to pay for everyday services, such as your house bills and charging your phone, all without paying any extra fees.

As with most casinos, you will be asked to withdraw your money using the same method as your initial deposit. Your casino will rarely add any fees to withdraw your winnings, but in this case, there will be a fixed fee when you withdraw your money from Paytm back into your bank account. This percentage has changed over the years, but here is what you should be expecting from the transaction:

Payout time from Paytm to Bank: A few minutes up to a maximum of 24 hours

Withdrawal fee from Paytm to Bank: 5%

Digital e-wallets frequently add these withdrawal fees to cover their services, so there is no escaping them if you prefer the extra privacy that e-wallets provide. Instead, you should try and focus on the reliability and the simple banking process that it provides.

Support

Paytm has quickly climbed the ranks of popular payments across India and an experienced and knowledgeable customer support team has helped them make that journey. The official website provides you with a dedicated contact page with a 24/7 customer care phone number and the registered addresses of the Paytm headquarters and offices.

There is no live chat feature but the onsite FAQ page acts as a useful source of general information. Here you can find many of the common questions that online casino players may find useful, especially about how you can best use Paytm along with guides and details of all the relevant fees.

Paytm app

The Paytm app has been downloaded over 100 million times already and so this proves how popular the service and the customer experience has become. It is widely accessible across all iOS and Android devices with quick downloads available from the App Store and Google Play Store. It also comes with the same reliability and security features that the rest of the Paytm service offers, so you can move your money to and from the casino with confidence.

A handful of awards shows that the Paytm mobile app has already been recognised as a top choice for the Indian population. Best Consumer Mobile Service in 2017 and Mobile Wallet Provider of the Year in 2016 proves that Paytm is a leading payment provider and one that you should consider if you are looking to use digital e-wallets with your online casino banking.

How does Paytm work with online casinos?

Once you have the Paytm mobile app or internet banking service set up then moving your money around becomes a quick and simple task. The clear advantages of using this method are the direct transfer of your hard-earned Rupees and the fact that the whole operation is managed in India. We should not forget that the Reserve Bank of India has officially licensed Paytm to give it the trust factor that means so much to players who bank and play online.

The instant deposits mean that you can play any game in the casino lobby, such as Teen Patti or Andar Bahar, within a few minutes. The fees we mentioned earlier are unavoidable when using e-wallets such as Paytm, but the real benefit is that you can bank with your local currency and make use of quick UPI transfers using your mobile phone. Everything about Paytm makes it a convenient option for online players and although the actual numbers of Paytm casino sites are not huge at the moment, you can find some high-quality options such as the Betway and 10CRIC casinos.

How to deposit with Paytm

Depositing funds into your casino account via the Paytm mobile app is the quickest option and we find this a lot more efficient than using the Paytm website. You can find our step-by-step guide of depositing via the Paytm App below, we will assume that you have the app downloaded and you have signed up for a Paytm account already:

  1. Navigate to the casino banking page and select the deposit option.
  2. Choose Paytm – or this may be displayed as UPI or Net Banking.
  3. Enter the deposit amount that you want to add to your account.
  4. Locate your UPI ID/VPA on the Paytm mobile app and copy it.
  5. Paste the UPI ID/VPA on your mobile banking app and click Deposit/Confirm.
  6. Accept the UPI request in your Paytm app and wait for the confirmation screen.
  7. The casino will then receive the confirmation and instantly credit your account.
  8. You will be ready to play your favourite casino games.

How to make a withdrawal with Paytm

The process of withdrawing your casino winnings is just as simple as depositing but there is one important point to mention. A typical Paytm casino will take about 24-48 hours to process your withdrawal transaction, but this may vary from casino to casino. Some of the top casinos can approve and process e-wallbet withdrawals within 24 hours, so be sure to check with your casino of choice and see how quickly they can get your winnings to you.

Remember, there is a withdrawal fee for when you send money back to your bank account and many casinos will require you to verify your account using official ID documents before your withdrawal is approved. For now, we will assume that you are verified and ready to withdraw your winnings. See below for our simple step-by-step guide of making a casino withdrawal back to the Paytm digital wallet:

  1. Navigate to the casino banking page and select the withdrawal option.
  2. Choose the Paytm option from the payment method list.
  3. Enter the amount that you want to withdraw into your Paytm wallet.
  4. Follow the casino instructions to complete the transaction and receive your money.

About Paytm

Paytm was established back in 2010 by the entrepreneur, Vijay Shekhar Sharma. A subsidiary of One97 Communications, Paytm was created at first to help pay your online bills and fund your mobile phone. It experienced a slow start with a steady stream of new users, but the real boost came in 2016 when the 500 and 1000 Rupee currency notes were demonetized by the Indian Government.

In short, this was a huge decision by the country lawmakers to move over one billion Indians to a modern society driven by digital payments. This was the change that pushed Paytm up to one of the leading digital payment options for people all over India.

Online casino transactions soon became popular along with many everyday uses that eventually gave the Paytm brand its famous reliability and trust. Being one of the easiest e-wallets to use has been another important feature for Paytm and the quick process of moving money around makes it a fantastic option for casino players.

With over 100 million app downloads and over seven million merchants signed up, Paytm is now deeply rooted in Indian culture. Many of the top casinos quickly recognised its popularity and decided to add Paytm into their banking pages to provide a cost-effective option for their Indian casino members.

About Jesper Ekstrom

Jesper is the one making sure we at BestCasinoIndia is continuously improving our site, and bring more value to our visitors. With his high prioritisation on information being correct and presented in simple ways, he wants everyone to know exactly what they are getting involved with. The good, the bad and the ugly side of things.

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