Roadmap to Using PayTM in India-Friendly Live Casinos
When it comes to India, one of the most popular banking methods for online gambling is PayTM. Smart, easy to use, and available with millions of merchants, it has become the payment service of choice for thousands of players.
PayTM is also completely safe to use as it is supervised by the Reserve Bank of India. The company was launched back in 2010, revolutionizing the way online payments work in the country. Among other innovations, it introduced QR payments. The headquarters of PayTM is in Noida in Uttar Pradesh.
By the time we were ready to release this review, there were well over 100 million registered users within the network of PayTM. And we’re talking about India alone, currently leaving other countries to which it is expanding out of the equation.
What’s also great about PayTM is that they care for their reputation as a reliable payment service. You won’t find them in rogue casinos as they carefully verify each of their merchants.
With this review, we will take a closer look at the list of live dealer casinos for India where PayTM is accepted. We will also discuss its deposit and withdrawal fees, speed, and available promotions among other services.
Making Deposits in India-Friendly Casinos with PayTM
To make a deposit via PayTM, you will need to:
- pick an India-friendly live casino.
- have a registered account at PayTM.
How can you create an account at PayTM?
- Head to the official website of the banking service or download an app for iOS/Android.
- Select “Create an account” and provide your phone with the code of India, e-mail, and a password.
- Receive a one-time password to your phone and add it to the registration form.
- Provide your name, last name, and date of birth.
At this point, your account is all set but you will need to verify it. The system will suggest the nearest office of PayTM where you will need to bring your Aadhar card, Voter ID card, or PAN card. This part of creating an account is somewhat inconvenient, but it is necessary and unavoidable.
Top your PayTM e-wallet via credit or debit cards, Net Banking, or tie it to your bank account via BHIM UPI. Payments will be available in INR, not in crypto. The e-wallet will also support conversions but we strongly recommend choosing INR-friendly online casinos.
Once in your casino account, head to the cashier and select PayTM. If it is not visible, but Net Banking is there, pick this option. Find a copy of your PayTM ID and insert it in the payment form. Keep in mind that minimum deposits for this payment method start at RS 500. In 99% of the cases, there will be no extra charges for deposits.
You are now all set to play!
Making Withdrawals in India-Friendly Casinos with PayTM
This banking method allows withdrawing cash, as well as depositing it. In order to claim a withdrawal, make sure you have the required minimum amount worth of wins in the account. Then, claim a cashout via PayTM.
The payout speed will be anywhere between 3 hours to 1-2 workdays. A lot depends on the casino and whether it also requires additional verification. Casino’s KYC usually takes between 48 to 72 additional hours.
Also, it is unlikely that the online operator will charge withdrawal fees but it is safer to ask the help desk representatives of the particular gambling platform.
Things to Know About PayTM
Keep in mind that from time to time, certain online lobbies may be against offering welcome bonuses to those who pay via PayTM. While this is not the rule, it may still happen, so consult with the help desk representatives prior to signing up and depositing.
Also, while the casino won’t likely charge processing fees for deposits and withdrawals, some additional spendings are unavoidable. Be it a card or a bank transfer when you top your e-wallet, you will need to pay a certain flat fee. Plus, unless you are planning to withdraw to PayTM and then spend this cash online, ordering a bank transfer from an e-wallet to a bank account will cost an additional 4%.
Top 3 Benefits of PayTM
The list of online casinos with live dealer lobbies that accept PayTM is long because this is a popular payment service.
It takes much faster to withdraw via PayTM than it is via bank transfer. We’re talking days of difference in speed.
You can deposit as little as Rs 500 which makes it a perfect payment method for the low-rollers.
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Our Opinion about PayTM
In our opinion, this payment method is one of the best when it comes to depositing and withdrawing. Not only does it beat payment cards in terms of absence or lower processing fees but it also guarantees an extra level of protection.
The thing is, using cards means exposing sensitive information online, including CVV. And while most online merchants promise SSL encryptions and other safety protocols, a risk is still a risk. With PayTM, you can avoid exposing cards altogether if you tie a bank account to an e-wallet.
PayTM: Frequently Asked Questions
PayTM is one of the safest banking methods on the Indian market. Monitored by RBI, it has all the safety protocols in place. Plus, it is used by more than 100 million users daily, with little to no reports about any breaches.
Per this banking method, the minimum is set at 500 INR. However, the number may be different depending on a particular gambling brand. 10Cric Casino accepts PayTM, has minimum deposit limits, and lots of live dealer games to explore.
Definitely check out the live lobby of Betway Casino. It accepts players from India, has the reviewed banking method, and supports live games from Evolution Gaming and Net Entertainment. You will be able to pick among variations of blackjack, roulette, baccarat, table pokers, and game shows.