Paying by Paytm India

Payment is something that every gambler is concerned with. Finding a reliable and easy-to-use payment method is always a challenge. Thankfully Paytm is a wonderful option for Indian gamblers.

If you reside in India you must have heard of Paytm. In case you haven’t you’re in luck today. Today we will be learning about what Paytm is, how to get started with it, how to make a deposit and how to withdraw your funds. The process is very easy so this should be a breeze for you.

What is Paytm?

Paytm is one of the largest financial technology companies in India. It supports 11 different Indian languages and can be used all over India to make payments online. Having Paytm to make payments makes things easier, safer, and faster.

Paytm was launched in 2010 by One97 Communications. It’s a privately owned company that’s being led by CEO Vijay Shekhar Sharma. With his guidance and leadership, Paytm is now regarded as one of the best online payment methods in the world.

The idea behind Paytm came from its initial business model. The company’s original idea was to have a payment system in which you could pay with your phone. With smartphones being easily accessible by the masses, the company decided to shift to the current business structure that it has today.

Having a safe and secure method like Paytm for online transactions is always a plus to have when you’re dealing with payments in casinos. So let’s look at how it works.

How does Paytm Work?

So a common question from a lot of people is how exactly does Paytm work? Is it like a bank where you have to deposit the money directly? Are you at risk of losing money using Paytm? It’s nothing like that. In fact, it’s the exact opposite.

We’ve already said this before, but Paytm is secure. You link either your credit or debit card to your Paytm account and it will transfer the funds into your Paytm wallet. You only need to add your card information once. It’s that easy and convenient.

And as for your information, it’s safe and protected. Since you’re going to be making your payments through Paytm, none of the information gets sent through the payment gateway. Rather Paytm handles all of that from its end and keeps your information secure.

You can use Paytm to pay for pretty much anything in India. This list includes mobile recharges, utility bills, movie tickets, booking events and so much more. And adding to that versatility is the support for Paytm in online casinos all across India.

How to Get Started with Paytm?

Using Paytm is as simple as it gets. You don’t even need to leave your home to open an account with Paytm. You can do it from the comfort of your couch. It only takes a few minutes to open a new account.

Here is a detailed guide on how to get started with Paytm.

  1. Download Paytm from Google Play Store.
  2. To sign up, click on “Create a New Account”.
  3. Enter the mobile number that you’ll use to verify your account. You will receive an OTP that you will use to verify your account.
  4. Enter your OTP and click on “Proceed Securely”.
  5. Open up your Paytm wallet and click on “Add Money”. Then click on “Paytm Wallet”. Enter the amount you’d like to add to your wallet and click on “Proceed to Add Money”.
  6. Select either a credit or debit card or a bank account to add funds. You will receive an OTP that you need to use to confirm the transaction.
  7. After the confirmation is complete you can see the money in your Paytm wallet.

And with that, you’re good to go. Having a separate wallet like Paytm handle the payments not only saves you time, but it also keeps your personal information separate.

How to Deposit into Your Casino Account with Paytm?

Once you’re done setting up your Paytm wallet you can go ahead and use it to deposit funds into your casino account. There are a number of casinos that accept Paytm as a form of transaction.

Choose any one of the casinos that supports Paytm and follow the steps to get started on depositing.

  1. Log in to the casino account and look for the “Deposit” option. If you can’t find “Deposit”, try searching for “Cashier”.
  2. Once you’ve located it you should see a bunch of payment methods listed there. Scroll down and find Paytm from the list and select it.
  3. You will be asked to enter the amount you’d like to deposit. Enter your desired amount and click on “Next“.
  4. Enter your email and password to confirm the deposit.
  5. If you’ve managed to follow these steps then you should find that the money is in your casino account, just waiting to be enjoyed.

How to Withdraw from Your Casino Account

Just like depositing, withdrawal is also very easy using Paytm. You don’t need to do much if you’ve already deposited using Paytm once. Just select the options that we mention here and you should have the money in your account.

  1. Log into your casino account and select “Withdraw”. If there are any wagering requirements left, complete those. Withdrawing will make any active bonuses will make them void.
  2. Choose Paytm as the withdrawal method.
  3. You will need to add your email and the amount you’d like to withdraw.
  4. Within the next 24 to 72 hours you should have the funds in your Paytm wallet. From there you can transfer it back to your bank account or card. The transaction time will vary from operator to operator, so bear that in mind.

After the transaction is processed you should find your winnings resting safely in your Paytm wallet.

Paytm Fees

Paytm is flawless in all ways save one. It charges additional fees for wallet top-ups. This is separate from the casino fees. So you need to be aware of this to manage your finances as well.

Paytm also charges you a 2.5% fee when you load money into your wallet from your card. This fee changes for other cards. You can find the list of cards and their fees on the Paytm website.

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