Online casino players from India are faced with the challenge of choosing a payment method that would work in their country, that is accepted in their country. Even though many online casinos accept Indian players, not all of them allow them to play with local payment solutions. Most casinos would give them the opportunity to deposit and withdraw using global solutions.
But global payment methods charge hefty fees to Indian players, both for the transactions and the currency conversion charges. Therefore, as an Indian player, you should look for online casino sites that would give you the chance to use local methods. One local method that you should look for, as it is absolutely incredible, is Paytm. The good news is, leading India-facing online casinos offer it, so you won’t have a problem finding a casino you like to join and play with this solution. But, what is Paytm and why use it across online casinos?
About Paytm
When it comes to popularity, there’s no other payment solution more popular across the Indian nation than Paytm. Created by a company with powerful allies and owned by One97 Communications Limited, it was founded by a guy Vijay Shekhar Sharma, who also owns one of the largest banks in the country, the Paytm Payments Bank. And as such, when Paytm was launched, it instantly received the trust and recognition of every citizen possible.
The thing is, since the solution was first launched in 2010, it immediately received back up by leading names in the country, such as Berkshire Hathaway, Ant Financial, T Rowe Price, Saif Partners, AGC Holdings, Softbank and Discovery Capital, and therefore, became a powerful solution right away. These names are some of the most powerful ones in the financial scene in the country. And even though headquartered in Uttar Pradesh, its services quickly expanded nationwide, and the solution was an instant success.
What’s its secret, you may ask? Well, even though used as an eWallet across online casinos, the solution offers plenty of other services. It actually started as the most trusted Indian digital payment platform for DTH recharges and reliable mobile transactions. Therefore, when you visit its website, you’ll see that Money, Payments Bank, Postpaid and Mall products can be found and chosen by Indian users.
But since we’re interested in online casino transactions, you should know that the eWallet is one of the most popular ones offered across online casinos accepting Indian players. The main reason for that is that it uses the technology to perform deposits and withdrawals built upon UPI transfers. UPI transfers are Indian players’ favourite, so add to that the amazing tools and functionalities offered by the eWallet, and you can easily realize why this solution is such a hit across online casinos.
Getting Started with It
If you’ve ever used UPI transfers to make an online payment, you should know how this solution works. But let’s review the steps. To get started with it, you’ll need to meet some pre-requirements. First of all, you need to have an active bank account. Then, you’ll need to create your Paytm account and your UPI ID. The final step would be creating an account with a casino that accepts it, naturally.
But let’s go step-by-step. Let’s assume you already have a bank account with any Indian bank. The next thing to do is to set up your Paytm account. To do that, follow these steps:
Visit Paytm’s official website if you want to register via the web-based version or download its app if you want to register via your mobile device.
Enter the needed details, such as email address and mobile phone number.
Create your password and confirm.
Wait for the six-digit OTP code which will arrive on your mobile phone via an SMS.
Enter the one-time OTP code and your eWallet will be created.
After you’ve created the eWallet, you’ll need to verify it. You’ll need to provide all the documents required, such as your Aadhar card number. The documents are part of the KYC procedure, therefore, you’ll need to provide them in order to successfully activate your eWallet.
How to Deposit at Online Casinos with Paytm?
As soon as you verify your account, you’ll be ready to start using the eWallet across online casinos. The final step, as mentioned before, is to find a casino that accepts it and join it.
Assuming you’ve joined a legit casino, do the following to make a deposit:
Head over to the casino’s Deposit/Cashier/Banking page.
Enter the amount of money you’d like to transfer to your online casino account.
From the offered payment methods, make sure you select Net Banking.
Log in to your online banking account, as soon as you’re redirected to the next page.
Locate your UPI ID by entering your eWallet account.
Copy the UPI ID and paste it to your online banking account, in the designated field.
Confirm the transaction on your eWallet account.
The transaction will be completed by the service and your money will arrive on your online casino balance in an instant.
Not only are deposits with Paytm instant, but this solution also allows you to enjoy super-quick withdrawals, too. Contrary to most methods of its kind, this eWallet processes withdrawals in 24 to 48 hours. You won’t need to wait for days to get the money from your online casino to your eWallet account.
However, keep in mind that the casino may take a while to process your withdrawal request. You may need to meet the wagering requirements or other bonus terms if you have any unmet before the casino approves the withdrawal. This may take an additional 24 to 48 hours, depending on the casino's policy. Nevertheless, you will most certainly receive your withdrawal with this local eWallet way faster than with global methods.
Fees and Limits
There are many reasons why Indian players prefer using Paytm over any other solution. One of the reasons is that it is a fee-free solution. You don’t need to pay fees when you create an account with it, nor when you transact with it across online casinos. All transactions with the solution from one user to another and the other way around are free of charge.
As far as transaction limits go, you can add up to Rs100,000 to your eWallet, as long as you’ve successfully completed the verification procedure.
Allowed Countries
It should be quite clear by now that Paytm is an Indian payment method, a leading one in the country. Therefore, you would assume that India is the only allowed country where Indian players can use the eWallet.
However, that’s not really the case. In fact, as of 2014, the company added Canada to the list of accepted countries. Since the Canadian online gambling market has long been regulated, in separate provinces, this is great news for Canadian players. More provinces in the country, like Alberta for instance, announce changes in laws to permit more and more online sports betting and casino gambling events and games, therefore, if a player from Canada, you can also use Paytm as your payment solution.
Not only can you do that, but you will see that the company made sure the app is available on Google Play Store and Apple App Store. The company also launched a separate site with a .ca domain to ensure Canadian players get all the info necessary to enjoy the advantages the solution offers in their native language.
Available Currencies
Considering the solution is available not only in India but also in Canada, two currencies are accepted only, the Indian rupees and the Canadian dollars.
But, since the solution is not available in any other country but these two, you won’t even have the need to transact with other currencies.
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Yes. When you visit its website, you’ll see that there’s a 24x7 Help page that you can click on which will take you to the Support page. In the on-site contact ticket, specify what the nature of your problem is and enter your email address so that the team can respond as quickly as they find the answer you needed. But the website alone is pretty informative, packed with helpful pages where you can find plenty of information about how the eWallet and other services work.
Can I fund my eWallet using credit or debit cards?
Sure. Many convenient payment methods are at your disposal, credit and debit cards included, but also ATM cards, Net Banking, and IMPS, among others. Just enter the required info and follow the intuitive steps and your eWallet will be funded in no time.
What happens if I haven’t used my eWallet account for more than 6 months?
Regardless of how long you haven’t used your eWallet account, any funds you had the last time you used it would still be there. If, for some reason, you cannot see them when you logged in after a long time of not using the eWallet, make sure you contact Customer Support to provide you with further instructions.
Can I file a complaint if something’s wrong with my transaction?
Sure. If you haven’t been offered a reasonable solution to your problem by the Support team within 48 hours, you are free to file a complaint. Before you do it, though, check with your casino to see whether the problem occurred on its part, and not the eWallet’s part.
Are there any hidden fees I should know about?
No. As already mentioned, all transactions from one to another Paytm user and vice versa are completely free of charge, as is the registration process.
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