Paytm Betting Sites: Bookmakers in India that Accept Paytm in May 2024
Paytm is one of the most popular and convenient ways for sports bettors in India to make payments with their favorite sportsbooks. The following betting sites accept Paytm as a payment method:
New customers only | Commercial content | 18+ age limit | T&Cs apply
1
9/10
1xbet reviewBonus up to : ₹66000
2
9/10
Dafabet reviewBonus up to : ₹20000
3
8.5/10
Parimatch reviewBonus up to : ₹20000
4
8/10
10cric reviewBonus up to : ₹15000
5
8/10
Lottabet reviewBonus up to : ₹10000
New customers only | Commercial content | 18+ age limit | T&Cs apply
You can also check out other payment methods accepted by Indian betting sites.
Bookmaker Sports Betting with Paytm: Reliable and Secure in India
You don’t have to worry about your personal data and information when using Paytm as a payment method for online sports betting. With fully encrypted user data, two-factor authentication and compliance with the latest security and information security standards (PCI DSS and ISO 27001), Paytm does the utmost to ensure their users are fully protected.
Paytm is one of the most popular and widely used payment solution methods in India with an estimated user base of more than 330 million people. Users can expect their transfers and payments to be quick and painless with 128-bit SSL encryption for both sending and receiving money. Overall, Paytm stands out as an exceptional payment option for bettors based in India.
Depositing with Paytm for your Sports Bets in India: Quick and Easy
In order to use Paytm to make a deposit with an online sports betting site, you’ll first need to register an account.
How do I register with Paytm to place a bet with a bookmaker?
Luckily for India-based sports bettors, registering a Paytm account is simple. Below we’ll go over all the steps you need to know:
- Navigate to either the Paytm website or download the Paytm app
- Click ‘Sign Up’ and enter your mobile number, email and password
- Select ‘Create your Paytm wallet’
- Enter the one-time password (OTP) along with your first and last name
- Select ‘UPI and Payment Settings’ in your account page and link your bank account or credit/debit card.
- Select ‘Add Money’ in your Paytm wallet and choose the amount you wish to fund your account with
As you can see, the process for registering and funding your new Paytm account is straightforward. Be sure to provide the correct details when filling in your information to avoid potential headaches down the line when looking to cashout and transfer funds to your personal accounts.
India: How Do I Place Sports Bets with Paytm in 2024?
Once your Paytm account is registered and you’ve selected a payment method to fund your account, the final step is to make a deposit on a sportsbook! The process from here can be completed in just a few clicks. Simply select Paytm as your deposit method on betting sites where it is accepted. The good news here is that most bookmakers in India offer Paytm as a payment option given its popularity and large user base.
Select your desired deposit amount (note the minimum and maximum limits, which we will discuss later in this article) and enter your Paytm account information to complete the deposit. All that’s left to do now is to wait for your deposit to show up in your account and you can immediately start placing bets!
Is it Possible to Use Paytm in India to Withdraw Money from a Sports Betting Site?
Almost all sports betting sites that offer Paytm as a deposit option will also offer it as a withdrawal option. This is due to the ‘closed-loop policy’ which most online betting sites implement as well as Paytm being a fast, secure and straightforward digital wallet payment system.
The process to withdraw is almost identical as the deposit process. This is because your Paytm account information will already be stored on your preferred betting site after making your first deposit. Simply navigate to the cashier, select withdraw and select Paytm. Choose the amount you wish to withdraw and follow the necessary prompts to complete the transfer.
You can expect cash outs to arrive in your Paytm account in just a few hours, and in some cases even less than one hour. The longest you can expect to wait is generally 24 hours but most transactions will be settled within that time frame.
Paytm Fees: Do They Exist for Sports Betting in India?
The sports betting sites themselves generally do not charge fees for making deposits or withdrawals, which is excellent news.
The only thing you’ll have to watch out for is when loading money into your Paytm wallet or transferring funds from your Paytm account back to your bank account. This comes with a fee in most cases, although will only be a maximum of 2.5% and sometimes less.
More information on Paytm fees can be found by heading directly to their website and consulting the FAQ section.
Does Paytm have Minimum and Maximum Deposit Amounts for indian Online Bookmakers?
Minimum and maximum deposit limits are set by the individual sports betting sites. These will also vary depending on which deposit method you choose. Paytm could have a different minimum and maximum than NetBanking, for example.
If we look at 1xBet, they set the minimum deposit amount for Paytm at ₹350 and the maximum deposit amount at ₹50,000. Deposits generally process faster than withdrawals as 1xBet also states 15 minutes to one hour expected processing time.
Which indian Bookmaker Mobile Apps Can I Use to Bet with Paytm?
Mobile betting is one of the most common and popular ways that punters around the world place bets and India is no different. It is incredibly common in 2024 for bookmakers to offer a mobile app for their service, or at the very least a highly-optimized mobile platform that can be accessed through a web browser.
If you opt to bet using your mobile, you’ll find no problems when it comes to depositing and withdrawing. Paytm is available as a payment option on mobile just as it would be on desktop for those betting sites that accept it. We recommend consulting our list above for help in finding the perfect mobile betting experience if that is a priority of yours.
Which Is the Best Betting Site for Paytm in India?
One of the advantages in using Paytm as your payment method for online sports betting is the ease of use. There are a few bookmakers on our list where you can fund your account with Paytm. These include:
- 1xBet
- 10cric
- Parimatch
- Lottabet
In a Nutshell: Why Use Paytm at Your Bookmaker for Online Betting in India?
Paytm is an ultra-secure, easy-to-use payment solution that allows users to make fast, encrypted transactions.
As one of India’s go-to digital wallets for everyday banking and payments, it makes sense that online betting sites will look to incorporate Paytm. Funding your sports betting account with this method will allow you peace of mind knowing that all of your deposits and withdrawals are completely safe and backed up by Paytm’s robust security shield.
Therefore, we can confidently say that Paytm stands out as one of the top payment options for Indian sports bettors.
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