Guide To Online Betting With Paytm
The growth of the gambling industry is enormous and it is adding a huge user base on its websites almost every day. This is also impacting the online payment merchants who are taking advantage of this opportunity and expanding their businesses. Big names like Skrill, Neteller, and many others are fairly popular all across the world. But, the Indian merchant like Paytm is paving way for many Indian users who are looking to bet online. Paytm is one of the most popular e-wallet types of payment methods. It is being used very commonly in India to perform all sorts of transactions. It is most popular amongst Indian users.
Paytm is paving way for many Indian users who are looking to bet online
Several issues are there when it comes to betting online from India. The hazy laws set up by the government are not very clear on whether it’s completely legal or not. It creates confusion amongst the mass public. Not only this, banks, due to the unclear laws sometimes may act as a barrier for you. They may decline your transactions which may cause problems. In that case, an e-wallet like Paytm comes into action and gives a better opportunity to the users to bet their money online in a much more convenient way.
A General Overview
Paytm is one of the most popular online payment methods in India. It was founded by Vijay Shekhar Sharma to bring a revolution in the digitalization of the financial sector in the country. He is also currently serving as the CEO of the company. It started to gain a lot of popularity during the year 2016 when amendments like the demonetization of old currency came into existence. This created a need for an alternate cashless payment method that is safe and easily accessible by the mass public. Paytm was able to fill that void and since then it is the most common online payment method for India. Paytm has been expanding a lot in various fields and tie-ups with online betting websites is a part of it. They don’t openly endorse it but it is available. Over many years, it has been able to expand itself in terms of services on a very large scale. Paytm is currently dealing with a lot of services like Paytm Bank, Paytm e-wallet, Paytm Postpaid, and many others. Also, Paytm is one of the highest funded start-ups with a valuation of 16 Billion Dollars. This was the first company from India to reach such a level of investment. Paytm not only revolutionized how we make the payment but it also initiated the factor of convenience amongst the users which made a huge difference altogether.
Where Can I Use Paytm as a Payment Method?
Paytm is being widely used for a lot of purposes. You can pay bills, recharge your services, send money, receive money, create a virtual bank account, and many other things. The most important and amazing thing is that you can do all this at a single platform. The exploration of areas in financial services has been a contributing factor to Paytm becoming a huge brand that it is today. There are several online betting websites across the Internet where you can use Paytm as a preferred payment method. One thing that is very amazing for Indian online bettors is that you can use Paytm across several international websites as well. Huge names like Betway is accepting Paytm as a payment method. This provides a sense of convenience specially for Indian users. One of the best things about Paytm as an e-wallet service is that it is a two-way payment gateway. You can send and receive money into your Paytm account with no cost in terms of deposits and very low cost for withdrawals. The low fee structure of making transactions has been a contributing factor in Paytm’s success.How to bet with Paytm
How to Create an Account on Paytm?
There are a couple of ways through which you can do this. Either you can go to the official website and start the sign-up process or you can download the mobile application for the same. Both the processes are the same and it solely depends on the device that you are using. The registration process is fairly easy and you can do it pretty quickly. All you have to do is enter your mobile phone number, email address, and password and the first step of registration will be done after clicking on the submit button. After that, you will be creating a Paytm e-wallet for your account and to do that, a six-digit OTP will be sent to your respective mobile number. You have to enter that OTP to the Payment registration form to complete the process. All done. Your initial Paytm wallet will be ready after the process and you are good to go further. But, up till now, you can only receive funds into your Paytm e-wallet. You can’t send money to anyone unless you are thoroughly verified by the merchant itself. To perform outwards transactions, you will also have to perform a verification process which is necessary if you want to use Paytm. You need an identity proof for that. It can be anything like your Passport, driver’s license, or any other government-approved document. You will be uploading the document and after the verification is complete, you will be able to perform the transactions through Paytm.
Security Services Offered by Paytm
Everyone that is doing any sort of transaction on the Internet is looking to keep the personal information as much as possible. They want the best available level of security as well as confidentiality. The essence of this is to perform transactions with as little as possible sharing of important information. The most important thing for the consumer is to make transactions hassle-free and at a click of a few buttons which eliminates the long process of performing transactions that were there in the older times. Paytm is one of the very few merchants that are offering such level of security and confidentiality. They are providing the best in class services to their customer. This not only protects the information but also enhances the customer experience which is important for any company to grow. Paytm also gives you the service of safeguarding all your information and not leaking any sensitive data to any third party.
High level of encryption and top-end measures for customer satisfaction is what Paytm is all about
High level of encryption and top-end measures for customer satisfaction is what Paytm is all about. They also keep track of activity so that no hacker or a tracker goes by with anything. You can also make several changes to your account and doing that is also very secure as they have multi-level verification processes for the changes that will be done on your account. High-level SSL services and verification processes like OTP verification are common with the safety measure done by Paytm. Even though there is the least possibility of any sort of fraud occurring with your account, you also have to take care of the information relating to your account or with your Paytm account. Never answer phone calls related to upgrading or any scam. Keep your password and other sensitive information as safe as possible.
How to Bet & Gamble Online with Paytm
Considering that the user is a beginner, it may be a little difficult to find websites that are accepting Paytm as the payment method. A significant amount of research will be required by the user to find a suitable website. There are a few websites that are accepting Paytm as it is only available for Indian users. Dealing with such geographical constraints, being picky might not be the way to go. Saving your money and time will be the way to go. Finding the right websites may take some time but basic websites may do the trick for you at the beginning of your online betting scenario. You will have to take care of a few things before using an e-wallet type of payment method. Since Paytm is pretty secure, you only have to take care of initiating payments with only the legitimate websites. You may stumble upon some scam websites but you have to be very sure about the legitimacy before making any transaction. Big websites like Betway or Pure Casino may be the right choice but be sure to start small. You would not want to lose a huge amount being a rookie.
Things to Consider While Making Transactions
There are several things that you should consider while making transactions through Paytm. The main thing that you have to keep in mind is that considering Paytm for deposits as well as withdrawals is the way to go. Almost every website that is accepting Paytm has the option of two-way payments. Almost every online betting website deposits your money for free so you can free deposit money to your respective bookmakers. While in terms of withdrawals, certain limitations are there depending on the website you have registered yourself on. Some websites do have 3-4 free withdrawal limitations for a specific period. While you are depositing money to the respective bookmaker, the money will reflect instantly into your online betting account. For withdrawals, the transfer time varies from website to website. For instance, it might take 24 to 48 hours for the money to reflect on your Paytm account. One of the best things about Paytm is accessibility. You can use Paytm on almost any device to make or receive payments. This gives the comfort of doing transactions from anywhere. There might be times when while performing transactions, you may need to complete a verification process. You have to keep your documents handy for that. It can be any identity and address proof. After the verification, you can perform transactions hassle-free. Paytm is a very safe and secure platform. You need not worry about the safety of your money. Paytm acting as a gateway will be dealing with your money with the highest level of encryption methods. Bank to bank transactions and wallet to wallet transactions are two very different things that are there under a single entity. It is up to you on which method you want to opt for. It can be either, and for both of them, you don’t have to pay any hidden or additional charges.
Min Deposit: $10
Min Deposit: ₹1,000