Making a payment with Paytm
Rather than starting off with the history and other such trivial information, at Wetten.com we prefer to get straight down to business, which is why we’ll kick things off by telling you which betting sites accept Paytm and how you can make your deposits. We understand that many of you are interested in the history and the facts about Paytm, and we’ll get to that a little bit further down in the article. For now though, let’s start off with a step by step guide to making a betting site deposit with Paytm.
How to Deposit on a Betting Site with Paytm: Step by Step
Open a Paytm Account
Before you can fund your betting account, you’ll need to actually get yourself a Paytm account first. Of course, if you already have a Paytm account, then skip straight to step two. You can sign up to Paytm by going to the website or downloading the app and clicking the “Create a New Account” on the landing page. In the sign-up form, you’ll need to enter a few simple details including your phone number full name and date of birth. You’ll then be sent a one time passcode (OTP) to verify your phone number.
Your account will need to be fully verified in order for you to get the full benefit of your Paytm account. To find this out, scroll down to the “Verification” section below in this article.
Fund Your Paytm Wallet
Before you go on to finding out which betting sites accept Paytm, you’ll need to first fund your Paytm wallet. Fortunately, this can be done in a matter of minutes – simply click on the “Add Money” button in your account and then select your preferred deposit method. The available payment methods include bank account, debit/credit card, Netbanking and BHIM UPI. Choose your method, enter the details then hit “Pay Securely” and the deal is done – boom!
Deposit on a Betting Site Using Paytm
No, you’re ready to discover which betting sites accept Paytm and make your deposit. Once you’ve found a site that accepts Paytm and signed up, all you need to do is select Paytm as your preferred payment method when making your deposit and enter the necessary details accordingly. At the time of writing, there are a few select online betting sites that accept Paytm deposits, however as the payment method is skyrocketing in popularity here in India, more and more betting sites are starting to add it to their list of payment methods.
You can find out which betting sites accept Paytm on our list right here at Wetten.com India!
The Average Processing Times for Paytm Deposits and Payouts
When it comes to depositing money into your online betting account with Paytm, one of the biggest advantages is that the processing times are usually superfast. In most cases, the money will appear in your betting account within just one or two minutes – sometimes even instantly. In the worst case, the payment could take up to three hours to process – which in the grand scheme of things really isn’t that bad, is it?
When it comes to withdrawals, not only do you need to consider which betting sites accept Paytm, but also their own processing times in the terms and conditions. Just as is the case with deposits, Paytm withdrawals should be processed in anywhere between five minutes and three hours. However, the betting site itself may have a withdrawal processing period or waiting time. If you want to go on to withdraw funds from your Paytm account back into your bank account, this can be done within the same time frame, however, a fee may be charged.
Paytm Verification Requirements – Being Approved Before Finding Out Which Betting Sites Accept Paytm
As is the case with all financial service accounts, your Paytm account will need to be fully verified before you can use the service to its full potential. As we mentioned above, verifying your phone number is easy and can be done via OTP. However, the full verification process requires more from you and does take more time.
Fortunately, you are able to make deposits into your Paytm account and fund your betting site accounts without being fully verified.
However, we do recommend getting fully verified and have explained how you can do so below:
Before gaining access to the full services available with Paytm, including being able to transfer money between other Paytm accounts and bank accounts, you’ll need to complete the Know Your Customer process (KYC). This can be done in a number of different ways, either by requesting a Pattm agent to come to your location or by visiting a KYC center if you have one that’s local. To complete this stage of the verification process, you’ll need to provide documents including your Aadhaar Card, voter ID card or PAN card.
Remember, you don’t have to complete this before finding out which betting sites accept Paytm and using the service to deposit into them.
The History of Paytm: 2010 – 2021
Paytm was founded in 2010 in Noida by Vijay Shekhar Sharma, an Indian businessman who is perhaps best known for being named as India’s youngest billionaire in 2017, when he was aged just 39. With his initial investment of $2million (a modest amount by his standards) Mr Sharma started Paytm off as a prepaid mobile and DTH recharging service before going on to add more payment platforms over the following three years. The major turning point came in 2014 with the launch of the Paytm wallet, which was quickly accepted as a payment method by Indian Railways and Uber.
In 2017, the Paytm app became the first payment service app to reach 100 million downloads in India. As of 2021, there are over 350 million Paytm users. Paytm has now become an integral part of the daily lives of many Indians, as the payment service can now be used to pay for a variety of things including loan repayments, electricity bills and cinema and concert tickets. Additionally, Paytm can also be used in shopping malls and to fund stock market investments.
Which Betting Sites Accept Paytm?
When it comes to the question of which betting sites accept Paytm, the list is perhaps smaller than you might expect in 2021 given the monumental popularity of the payment service. This is, however, explained by the fact that the majority of online betting sites are based outside of India, and are therefore not quick to jump on the bandwagon. Paytm is becoming more and more popular with online betting sites though.
Paytm Compared to Other Providers
According to financial experts, the main competition for Paytm is Google Pay and PhonePe. Paytm and PhonePe are both Indian-founded companies mostly only available and used by Indians. Therefore, the fact that they are even mentioned in the same race as the global giant that is Google Pay is impressive. Paytm has by far surpassed PhonePe in almost every aspect and is more popular than Google Pay here in India. Paytm’s success has been so monumental that it has been a subject of study at Harvard Business School.
Which Betting Sites Accept Paytm? – The Most Popular Payment Methods
So as well as wondering which betting sites accept Paytm, you might also be asking yourself if funding a betting account with Paytm is safe. If you already have a Paytm account, you’ll know how safe and secure the service is, and how strict the full KYC verification process is. Well, when it comes to funding an online betting account with Paytm, they don’t get any more relaxed. Paytm is a company that has gained global respect in the business sector and therefore founder Vijay Shekhar Sharma is very careful about how he does business. So if a betting site accepts Paytm, you can be pretty sure it’s safe and legit.
Paytm Quick Facts – Providing the Answers to Your Questions
Which betting sites accept Paytm
At the time of writing, there is a handful of betting sites in India that accept Paytm, we’ve provided them for you at the top of this page.
Is it legal to deposit on betting sites with Paytm?
Yes, as long as the betting site is legal and has Paytm available, it’s not against the law.
Can I get a bonus if I make a deposit with Paytm?
That depends on the bonus conditions of your chosen operator from our list of which betting sites accept Paytm. In most cases, the answer should be yes.
Is it possible to make withdrawals with Paytm?
If you’ve found which betting sites accept Paytm, they should usually facilitate both deposits and withdrawals.
How can I deposit to betting sites with Paytm?
Refer to the above section “Making a Payment with Paytm” for full step by step information.
Which Betting Sites Accept Paytm – The Conclusion
Overall, given how prominent Paytm is in the daily lives of a huge number of Indians, it’s only natural that it’s becoming a preferred payment method for betting sites as well. The uptake has been slow, but it is growing fast. Follow the links above to find out more about the betting sites that currently accept Paytm to find reviews and make an informed decision on which sites suits you best.
Which Betting Sites Accept Paytm FAQ
🇮🇳 Do betting sites in India accept Paytm?
Paytm is the most popular payment app and service in India, with over 2021, but does the range of services extend to betting sites? You can find a list of betting sites that accept Paytm as a deposit and withdrawal method in our guide here at Wetten India.
❓ Does Bet365 accept Paytm?
There is a small list of betting sites in India that currently accept Paytm as a method to make both deposits and withdrawals. If you’re looking to find out if Bet365 is on this list, you can do so by clicking the link here. At Wetten.com our lists and reviews are always up to date, so make sure to bookmark this page for updates and future reference.
🛡️ Is Paytm safe to use on betting sites?
Paytm is a safe and secure payment method used across a variety of service in India. However, that may still leave you wondering if it’s still safe to use it to fund your online betting account. We understand these doubts and have explained the ins and outs in detail – you can find the full article here.