|Paytm is the most popular digital money transfer platform in India. While in the last couple of years it has had to give away its title of being close to a monopoly in the country, it still remains ahead of its competitors by a fair margin. The digital payments platform has more than 40% share of the Indian market and naturally one of the first choice money transfer options for Indian bettors. Paytm is absolutely easy to use and allows bettors to transact on bookmakers’ platform seamlessly using their Paytm account.
Paytm has been around for close to a decade and that makes it twice as old as most of its competitors. It has enjoyed the first mover advantage and betting sites have been quick to latch on to its popularity. Majority of the top betting sites in India allow users to deposit and withdraw using Paytm. Given its high rate of penetration among the Indian smartphone users it is the default payment option for many Indians. Which Betting Sites Accept Paytm? Paytm was one of the first India digital payment systems to be integrated into betting sites and over the last few years we have seen several bookmakers add it as a deposit and withdrawal option for their users. Here are the betting sites in India that accept Paytm at the moment – 22BetIndia Sportsbet.io Comeon 1xBet Oppa888 20Bet PariMatch Rabona Campobet Betwinner More sites are likely to add Paytm as a payment method for their bettors in the future and we shall update this space as more bookmakers become part of the group.
To make deposits using Paytm you’d need to create a Paytm account first if you don’t already have one. You can download the Android or iOS app from the app stores and get started. Alternately you can also use the web based interface for the same. You will need a valid mobile number to create an account and go through the mandatory KYC (Know Your Customer) check using your PAN Card or Aadhaar Card number. Once done you are good to go. Without KYC your monthly transaction limit would be INR 10,000. Follow the steps mentioned below to make a deposit to your bookmakers’ account using Paytm. Steps for depositing money at betting sites using Paytm Log into your account on the bookmaker’s site or app and go to the deposits page Choose Paytm from the list of deposit options You will be redirected to the Paytm App or Website where you will have to fill in your login id and password when promoted for and set the amount you wish to deposit Next you have to add money to your Paytm wallet if not done earlier using your Debit/Credit Card, UPI or Net Banking and fill in the login id/password and OPT based on the option you choose. In the last step you will have to select the Deposit button and the money would be deposited in your betting account.
Withdrawing money to your Paytm Account and finally to your bank account is as easy. It can take anywhere between 24 to 48 hours for the withdrawals to reflect in your account. There is varying fee you’d need to pay after few free transactions and this amount varies on your withdrawal amount. Here’s a step wise guide to withdrawing money using Paytm Steps for withdrawing money at betting sites using Paytm Log into your account on the bookmaker’s site or app and go to the withdrawal page Choose Paytm from the list of withdrawal options Next you need to enter your Paytm Account id which can be your mobile number Authenticate the transaction with the OTP sent to your mobile number Once the amount is available on your Paytm Account you can transfer it into your bank account easily
There have been few red flags raised about the safety of transactions made on Paytm but none of these have been linked to betting sites. Over time Paytm has fixed these security issues that have been exploited. It has a single-step verification which can make this platform more vulnerable than others but millions of rupees worth of transactions happen on this platform every minute and the safety of transactions isn’t a concern for majority of the users.
Paytm has won over millions of Indian customers thanks to the ease of use it offers. It is by far one of the easiest digital wallets to use that also allows users to preload their wallets. Unlike many other digital platforms it allows users to both deposit and withdraw using a single account. It is fast and convenient App and web based platform Ability to use multiple accounts Zero processing fee Ability to pre load wallet Easy one-step authentication
To sum up, Paytm being an early mover into the digital payments space in India enjoys considerable loyalty. The platform is easy to use and allows bettors to seamlessly transfer and withdraw money from their betting accounts. With more Indians getting active in sports betting we expect to see Paytm grab a lion’s share of the new users.
