While Indians have numerous paying solutions to choose from when it comes to e-commerce, some methods enjoy bigger popularity. Paytm is one of these solutions that numerous Indians prefer to use for their purchases online. The payment solution is also supported at a number of virtual casinos that cater to Indian players.
The payment system of Paytm ensures fast and secure payments that can be used for both deposits and withdrawals at online casinos. In most cases, interactive casinos will allow their members to make Paytm payments through the Unified Payments Interface (UPI), which is a payment system launched by the National Payments Corporation of India (NPCI). Netbanking, Paytm wallet, and debit/credit cards are also among the options that players can use to handle their casino funds via Paytm.
While the number of online casinos that support Paytm payments is still not exceptionally high, more gaming websites start adding the method to their supported payment solutions. There are quite a few advantages that Indian players can enjoy if they use Paytm for their casino transactions. That is why we recommend continuing reading as we will cover all important aspects of Paytm casinos.
|Connecting bank card/account to Paytm||Free|
|Withdrawal balance from Paytm to your bank card/account||Free|
|Pay to online merchants||Free|
|Available for deposit||Yes|
|Available for withdrawal||Yes|
|Usual deposit time in online casino||Instant|
|Usual withdrawal time from online casino||Up to 2 business days|
|Live chat||Yes (in-app live chat)|
|E-mail support||Contact form in the app|
Using Paytm for Gambling Transactions
If you have come across a virtual casino that supports Paytm payments, you can proceed with funding your gaming account via this method. In most cases, casinos allow their patrons to make Paytm transactions through the UPI system. To make use of this payment scheme, you will need to activate the UPI service in the Paytm app that you have installed on your mobile device.
To activate UPI payments via the Paytm app, you will need to find the BHIM UPI feature on the app, tap on it and choose the bank you would like to link Paytm to. As long as the mobile number you use for your bank account is the same as the number you are currently using, the app will successfully activate the UPI service. You will be sent a virtual payment address (VPA) on your phone number and you will be able to use the said VPA during your online casino deposits.
If you have not set up an M-Pin, you will need to create one on the Paytm app. This code is used for the authorization of all of your Paytm payments. You can generate your M-Pin by simply providing your debit card details on the mobile app of the service.
To deposit into your gaming balance via Paytm, you can head to the cashier page of the casino and select the deposit option. Enter the amount you would like to deposit and select Paytm, UPI, or NetBanking UPI as your payment method. This will redirect you to a page where you will be required to enter the VPA you have generated on the Paytm app. Once you choose to make the deposit, your app will ask you to enter your M-Pin to verify the payment.
It is possible for the virtual casino to allow you to use funds available in your Paytm wallet to deposit into your gaming balance. If this method is available, make sure to choose it after you have entered the amount you would like to deposit. Choosing this payment option will show you the casino’s Paytm wallet address, log into your Paytm wallet account and confirm the payment.
Once you verify the deposit you have initiated via Paytm, your money should appear in your account almost instantly. In the worst-case scenario, the maximum time it may take for a Paytm deposit to be processed is within 30 minutes.
Whenever you have earned money from your gaming experience online, you can also withdraw your winnings via Paytm. The payment process is very similar to the deposit one as you are yet again heading to the cashier, selecting the respective payment process, and entering the amount you would like to cash out. The next step is to choose to pay via your Paytm wallet or UPI (depending on the method supported by the casino). You will then be asked to either verify the payment by accessing your wallet account or the UPI system linked to your Paytm app.
|Paytm Gambling Transactions|
|Supported transactions||Deposits and withdrawals|
|Deposit pending time||Instant|
|Withdrawal pending time||Up to 48 hours|
|Additional security||encryption, OTP, two-factor authentication|
Advantages and Disadvantages of Using Paytm as a Payment Method
When you cannot decide whether Paytm is the right banking option for your casino adventures, it may be useful to compare the strong and weak points of the payment service. That way, you will be able to assess whether the benefits of using Paytm will prevail over the negatives.
If we are discussing the advantages of Paytm, we should start with the convenience of this payment method. Whether you will be using the e-wallet option of the UPI money transfer feature of Paytm, handling your casino payments via this app will be a cakewalk. In most cases, virtual casinos allow players to pay directly from their bank accounts using the UPI system. That said, there are a few casinos that may also allow you to make deposits and withdrawals by using your Paytm wallet.
Paytm payments are very secure, allowing you to handle your casino transactions in the safest way. With the service available at a majority of trustworthy banking institutions in India, one could be sure that their money will be handled by reliable financial and banking institutions. The safety measures and technology utilized by both the UPI system and the Paytm service itself guarantee very secure payments, making Paytm a great option for your casino transactions.
The speed of transactions carried out via the service of Paytm is yet another advantage you might enjoy. As soon as you verify the deposit you are making, the payment system will process the payment and your money will instantly appear in your casino balance. This is very convenient as you do not have to wait to enjoy real-money wagers on your favorite casino games. The withdrawals carried out through the payment system of Paytm are also very fast, allowing you to enjoy your winnings in no time.
The majority of online casinos do not impose fees on deposits and withdrawals carried out via the payment system of Paytm. This makes the payment solution a very budget-friendly option that many would appreciate. That said, make sure to always check the fee policy of the casino before you start making payments.
Despite being a great banking option for your casino endeavors, Paytm still has some lacking points you should consider. Even though the payment solution is extremely popular in India, not all virtual casinos catering to Indian players accept the method. What is more, the majority of casinos that do accept Paytm payments will only allow you to deposit from or withdraw to your bank account using the UPI payment system. Meanwhile, the Paytm wallet is rarely supported by virtual casinos.
Another issue with this payment method is its availability as it caters only to individuals based in India. This further restricts the accessibility of the payment service and fewer online casinos choose to support payments via Paytm.
Paytm Pros and Cons
Fees for Paytm Gambling Transactions
Whenever you are choosing the payment option for your casino deposits and withdrawals, it is always a good idea to opt for methods that do not impose any surcharges. In most cases, depositing or withdrawing via Paytm at virtual casinos will not incur any additional fees. This allows you to easily handle your gaming budget without worrying about the fees that the casino may charge. Before you start funding your casino account, however, we recommend always checking the fee policy of the casino as each gaming website decides for itself whether payments via certain methods will incur any fees.
If you are using your Paytm wallet for your casino payments, you will have several options to choose from to charge your wallet with money. The fees that may apply to your wallet deposits will depend on the payment method you are using. If you are using a credit or debit card to fund your wallet, you will be charged a fee of up to 2.5%. However, if you are using an American Express credit card or a corporate prepaid card, the fee that will be applied will be up to 3%. The rest of the deposit methods to fund your Paytm wallet do not include any surcharges.
Withdrawing funds from your Paytm wallet to your bank account will impose no fees. What is more, paying online using the wallet will also be free of any surcharges. If you are using the payment system of UPI for your online casino payments, your bank may impose some fees but the rates depend on the policy of your banking institution.
|Gambling deposit fee||Free|
|Gambling withdrawal fee||Free|
|Bank account deposit fee||Free|
|Bank account withdrawal fee||Free|
|Credit/debit card deposit fee||2.5%; 3% for American Express credit cards|
|Credit/debit card withdrawal fee||N/A|
Processing Time with Paytm
When you are depositing funds to your casino account, it is always recommended to find a method that will allow you to handle your payments in a jiffy. Fortunately, Paytm users will have no issues with topping up their gaming accounts in a fast manner. No matter the payment system the virtual casino will allow you to use and deposit via Paytm, your funds will be transferred into your casino balance in no time.
As soon as you verify your payment via Paytm, the deposit will be processed and your money will instantly appear in your casino balance. While deposits via Paytm are extremely fast, you should keep in mind that it is not possible to withdraw your casino winnings that fast. The reason for that is the pending period during which the casino reviews your cashout request for approval. This period may last between 24 and 48 hours, depending on the casino itself.
While withdrawals have a longer pending time, if you have requested to withdraw your casino winnings via Paytm, they will reach your bank account in no time. Once your cashout request is approved by the casino, it usually takes between a few hours or up to two days to receive your funds.
|Paytm Processing times|
|Gambling deposit time||Instant|
|Gambling withdrawal time||Up to 2 business days|
|Bank account deposit time||Instant|
|Bank account withdrawal time||A few hours|
|Credit/debit card deposit time||Instant|
|Credit/debit card withdrawal time||N/A|
Mobile casinos are extremely popular among Indian players, making smooth mobile payments a necessity for anyone who plays on the go. If you are using Paytm for your casino payments, you will have no issue handling your bankroll on the go. As you are already using the Paytm app for your payments at virtual casinos, you do not need to install any additional app on your device to use the service for your mobile casino payments.
Making deposits and withdrawals via the Paytm app is always the same whether you play on your desktop device or you have switched to the mobile version of a casino. While initiating payments on the go, you are still required to head to the cashier section of the mobile casino, choose to make either a deposit or a withdrawal, and pick the option enabling Paytm payments.
If you are allowed to pay via your Paytm wallet, the app will launch on your phone, asking you to log into your account and follow the steps to verify the payment. If you are using the UPI payment system, you might also be asked to log into your mobile banking app, if you have one. Whichever payment solution you are using to complete your casino payments via Paytm, however, you will be able to verify each transaction with just a few taps on the screen.
The Paytm app can be installed on most Android and iOS devices, allowing most mobile device users to easily handle their payments on the go. The app will enable you to easily deposit funds to your Paytm wallet or send money via the payment service. Using the Paytm app will also allow you to keep a track of all your transactions, giving you control over your spendings.
|Paytm Mobile Payments|
Security at Paytm Online Casinos
One thing you should not worry about when you are using Paytm for your casino transactions is your safety. This payment solution ensures extremely secure deposits and withdrawals as they are processed through reliable payment systems. In most cases, virtual casinos will accept Paytm transactions that will be done directly from or to your bank account via the UPI payment system.
Using UPI for your Paytm payments means that you will be using the bank you already are familiar with and your trust with all of your finances. This will give you peace of mind when you are funding your casino balance as your money will be protected via industry-standard tools and technology such as SSL encryption.
If you are using the Paytm wallet for your payments, you can also be sure that your money and banking information will be properly protected. Any data shared during Paytm transactions are also protected via tokenization, ensuring that no unauthorized party will have access to your sensitive information.
To make your online and mobile payments even more secure, the Paytm app will allow you to activate several features and add more protection layers to your transactions. You can choose to access your Paytm account by using a passcode, fingerprint, or Face ID. The availability of these features also depends on the type of smart device you are using. That said, you can also use two-factor authentication and verify your payments by using a one-time password (OTP) every time you wish to make a transaction with Paytm.
While the service of Paytm is extremely secure, we recommend being careful when choosing the website where you play. Make sure that the operator is holding a valid license from a respected authority. The casino should also utilize various security tools to protect your funds and any sensitive information you might share during payments.
Paytm Casinos FAQs
Do I Need to Go Through the KYC Process When Depositing via Paytm?
No. One of the most convenient features of Paytm is that it allows you to make online payments, virtual casino deposits included, without having to go through a KYC verification. To spare yourself this step, you need to make your payments via UPI. This feature will allow you to make your deposits directly from your bank account, without wasting any time with KYC.
Are There Any Limits Related to My Paytm Payments?
Every casino has its own limits for the minimum and maximum amount one can deposit or withdraw via Paytm. The service also has some limits imposed on the funds one can handle through the payment system of Paytm. If you are using the Paytm wallet, you cannot charge it with more than Rs. 99,999. Meanwhile, you can deposit as little as Rs. 10 into your Paytm wallet.
Will I Be Able to Redeem Casino Bonuses When Depositing via Paytm?
Yes. Paytm works like any other deposit method that virtual casinos accept and there are rarely any promotional restrictions for players who deposit via Paytm. Even though in most cases, you will be able to redeem casino bonuses after depositing via Paytm, make sure to always read the full terms and conditions that apply to a certain offer before you try to redeem it.
Is This Payment Method Available Outside India?
No. Paytm is catering only to individuals residing in India, working with some of the biggest banking institutions within the country. That is why Paytm is available as a payment gateway only at virtual casinos that cater to players from India. If you reside in another country, you will not have access to the services offered by Paytm.
Do I Need to Set Up My Gaming Account in INR to Pay via Paytm?
Since Paytm is a payment service offered only in India, it is natural to set up your casino account in INR. That said, if you are not allowed to handle your casino funds in India’s local currency, you can still choose another currency for your casino account and make deposits and withdrawals via Paytm. However, your bank will impose a standard conversion fee if your casino money is in a currency different from INR.