Paytm is the fastest-growing digital wallet in India, and it’s a great way to deposit money into your online casino account. But how does Paytm work? What are some of its advantages and disadvantages?
How can you use Paytm to pay for playing online casino games and withdraw your winnings? In this guide, we will answer all of these questions and more.
Paytm Advantages and Drawbacks
Paytm Advantages and DrawbacksPaytm is a mobile wallet service that is used by millions of people in India, and it’s one of the main payment methods for online casinos in this country.
Paytm money has its advantages and drawbacks as a payment method, just like any other option out there.
Advantages
Advantages- You don’t have to share your credit card details with the casino operator because you’re paying via an e-wallet account associated with your phone number. No sensitive information gets shared with anyone!
- Withdrawing money from your account is free if you do it through an ATM machine or at select locations such as bank branches and post offices (there may be some small fees). If you withdraw from another location, such as a supermarket or pharmacy, there will be a fee charged by them for providing access to their network.
Disadvantages
Disadvantages- Since nothing in our world is free, the merchant will have to pay to take payments from clients in the future.
- When you transfer money from Paytm to your bank account, you can be charged up to 4%.
- If you wish to shop there, you’ll need to keep your debit/credit card on hand because it isn’t accepted by the majority of major online and physical stores.
- Some businesses have refused to take Paytm money due to security issues, a reduced monthly cap, or a desire to generate black money.
Deposits with Paytm in Online Casinos
Deposits with Paytm in Online CasinosPaytm is among the popular online casino deposit methods among gamblers in India. The currency supported by Paytm is INR (Indian rupees), and there are no limits on how much money you can deposit or withdraw with this method.
For its users, it provides excellent customer service. Please feel free to contact them through their website or social media accounts if you have any concerns regarding how to use the mobile payment app at an Paytm online casino. They will be more than pleased to assist you!
And take into consideration that if your credit card isn’t functioning, you still have a lot of alternative possibilities.
Withdrawals with Paytm in Online Casinos
Withdrawals with Paytm in Online CasinosThe withdrawal limit on Paytm is Rs. 20,000 per month. This means that you can withdraw from Paytm to a bank account or credit card only once in a 30-day period. The maximum amount that you can transfer to your Neteller account is $3000. Now let’s see how exactly one should go about making these transfers:
If you want to utilize Paytm foronline gambling and make deposits that will instantly show up in the necessary Paytm casino account, you might need to use the UPI feature inside the Paytm program. Some casinos also allow you to deposit money that is stored in your wallet, albeit it is less common.
Finding non-Indian casinos and betting sites where one may utilize Paytm to place bets may be very difficult for a novice. Compare it to other online wallets, such as ecoPayz or Neteller, which enable payment at more than 20 websites.
Use of the UPI service within the Paytm app is made simple by the following steps:
- On your smartphone, download the Paytm app.
- Open the program, then choose BHIM UPI.
- Select the bank you want to use to connect to Paytm.
The app will verify that your cellphone number matches the one on file with your bank. You must be sure to provide your bank’s number.
If the phone number linked to your bank account and the Paytm login app’s phone number match, you will get an SMS with a Virtual Payment Address.
With the help of this VPA, it is now straightforward to make a deposit at a casino utilizing Paytm. Inside the app, you may change the VPA you want to use.
Keep in mind that you will be needed to create an M-pin if you haven’t already.
To validate your transactions, you must input this pin code. By entering your debit card details in the Paytm app, you may instantly generate the pin code.
Which Currencies Does Paytm Support?
Which Currencies Does Paytm Support?Paytm’s home page is pretty busy, but you can find the current exchange rates for Indian Rupees by clicking on “Currency Converter” from the menu on the left-hand side.
Paytm supports only Indian Rupees and does not support other currencies or cryptocurrencies. For example, if you want to convert your cash into Bitcoin, you’ll need to do that with a separate app like Cryptonator or Coinome (or an exchange).
Paytm Fees
Paytm FeesPaytm charges a transaction fee of 1% on all online payments. This means that if you make an online payment of Rs 1000, Paytm will charge you 10 rupees as a transaction fee (1%). So how does this affect you? Well, it’s not good news for people who are looking to save money on their transactions.
However, if you use Paytm as your primary mode of payment, then this shouldn’t be a problem because the average transaction value is very low in India and will fall under the Rs 100 mark.Paytm does not charge any fees for deposits or withdrawals but does levy a small amount from bank accounts linked with them (to cover fraud checks).
For example, if you deposit money into your account using any other bank other than SBI, then Paytm will deduct 2% from your total deposit amount, which is charged as “Service Tax” by RBI rules applicable at the present time to all digital wallets including mobile wallets like PhonePe etc.
Is it Safe To Use Paytm for Casino Payments?
Is it Safe To Use Paytm for Casino Payments?If you’re looking for a safe and secure way to pay for your online casino games, Paytm games is one of the best options. This popular Indian payment method can be used to make deposits or withdrawals on any site through the Paytm app, which is available for download on Android and iOS devices.
How to use Paytm? It offers an easy-to-use interface that will allow you to quickly transfer money between your bank account and your gaming account without any hassle. They also provide 24/7 customer support via phone call, email or live chat services.
If you want a simple way to fund your gaming account without having to deal with credit card companies, then Paytm is definitely worth trying out.
Paytm App
Paytm AppPaytm App is available for all the major platforms, including Android and iOS, as well as Windows Phone. You can download it from the respective app stores.
For Android: Download Paytm App from Google Play Store.
For iOS: Download Paytm App from Apple Store.
Casino Payment Alternatives to Paytm
Casino Payment Alternatives to PaytmIf you’re looking to make a casino deposit, then you’ll want to find a method that works for you. Here are some of the more popular methods available.
Neteller
Neteller is one of the top e-wallet choices for gambling in India, and other e-wallets are also on the list of generally accepted payment methods. The same business that owns Skrill also owns Neteller, which was established a little more than 20 years ago. The pre-paid payment option Paysafecard is a member of the Paysafe Group, a British worldwide payments corporation.
When utilizing Neteller for online gambling in India, there are often no service fees involved. This implies that when you use Neteller to withdraw money from a casino or betting site account after making a significant gain, 100% of your profits will go directly into your pocket.
Neteller is often regarded as one of the most dependable payment options accessible in India because it has been processing payments for online gaming since 2000.
Neteller is an excellent e-wallet to sign up for all around the world, but notably in India, as rupees are listed on the list, and there are more than 25 main currencies accessible to use with it. The fact that more than 23 million people have Neteller accounts globally shows how popular this company has become.
For Indian users of online casinos, withdrawal times are a major concern, and Neteller excels in this regard. The majority of e-wallets guarantee quick transfers, and customers who use Neteller to withdraw funds from most betting sites may expect to do so almost instantly.
Be advised that when you wish to withdraw money from your account, Neteller does impose a normal fee of 1.45%. Going VIP might also result in decreased currency transaction fees.
UPI
Unified Payments Interface, or UPI for short, maybe the ideal option for Indians who seek to simplify online payment processes.
UPI, an immediate real-time payment system, is becoming more widely used in India to transfer funds into and out of the accounts of online casinos and betting sites.
The fact that UPI is managed by the National Payments Corporation of India is one of the most important things to note since it contributes to the system’s reputation for great safety and security.
UPI, which was founded only a few years ago in 2016, provides its clients with selling factors, including 24/7 availability and one-click verification.
Having a bank account at a participating bank in India is a requirement for utilizing UPI to deposit money into or withdraw money from betting sites and online casinos. Users who are thinking about joining up for UPI will consequently need to confirm that their bank is on the list before doing so.
When compared to some of the e-wallets we are considering, the speed of withdrawals done through UPI is probably going to be far less spectacular. In fact, it’s not uncommon for transactions from gaming accounts to take a few business days to complete.
AstroPay
In India, pre-paid cards are a typical means to fund online casinos and betting sites, with the Astropay being one of the most widely used of its kind in this region of the globe.
There is no need to be concerned about unintentionally infringing the stringent currency conversion restrictions that are in place in India because Indian rupees are already backed by Astropay.
Since no personal or financial information is required to use the Astropay, many people consider it to be especially useful for online gambling. AstroPay also guarantees that deposits and withdrawals will be completed immediately, so there won’t be any confirmation delays that might slow down money withdrawal from accounts.
All throughout the world, when AstroPay is offered, people regard it to be quite safe.
You can use 3 Patti real money Paytm cash for a number of online activities, including casino gambling. You’ll find that it is a convenient way to make deposits and withdrawals when playing at an Indian casino. The site also has an app available on iOS and Android, so you can access your account from anywhere with internet access.
Just remember that there are some downsides to using this payment method, so make sure first off that there aren’t any fees associated with depositing or withdrawing money before deciding if Paytm is right for you!
