Best Paytm Online Casinos 2024

By Kwasi Osei-Bobie 13.08.2023, updated 16.11.2024

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Covering the basic needs of players, Paytm casinos are mainly suitable for Indian players who want to top up an online casino account through the BHIM UPI transfer or make a withdrawal, taking 24 to 48 hours on average. Paytm is an Indian-based financial service founded in 2010 by Vijay Shekhar Sharma under One97 Communications, so it’s mainly used by players in India. In general, the service offers a range of mobile payment services, including QR code payments and even microcredit options. The service is widely used in online gambling since most online casinos work with the method, while conditions like the absence of fees make these transfers suitable for different bankrolls. In this review, you will find the most reliable online casinos accepting Paytm and learn how they work. 

General information about Paytm

Paytm was launched in 2010 as a prepaid mobile and DTH recharge platform with an initial investment of US$2 million provided by Vijay Shekhar Sharma, the service’s founder. The company was established in Noida, Delhi NCR, so the service mainly covers the Indian market, including real-money Paytm casinos. A year later, Sapphire Ventures (fka SAP Ventures) provided the company with a $10 million investment, allowing the service to evolve rapidly. In 2013, the company extended the range of its services, adding debit cards, postpaid mobile, and landline bill payments.

While working in the Indian market, the company collaborated with many local institutions, including the Indian Railways, so the method is super popular within the country. The online gambling market is no exception since local online casinos widely accept Paytm deposits and provide withdrawals via this method. The service has no restrictions for online gambling transfers, so you won’t have problems with frozen withdrawals because of additional checks. Interestingly, the service also offers Paytm Insider, a dedicated mobile app to book tickets for live entertainment shows and sports games online.

As for some more interesting facts about the method, Paytm powers over 20+ million merchants across the country, including a wide range of online casinos, and over 300 million Indians use Paytm for their different needs, including online gambling transfers. The official site has a blog dedicated to the service’s use in daily life, including safety tips, and a news section where users can find the latest news and helpful guides, such as a guide dedicated to changing a default bank account to receive UPI payments on Paytm.

Paytm market coverage

Paytm is mainly Indian-aimed, so it’s a local banking method available at most Indian casinos and supporting INR as a currency for most transactions. Thus, players can connect their Indian bank accounts to Paytm to use its UPI services at casinos with Paytm deposits. In general, the service also added Japan and Canada to the list of the countries it covers. Still, we should note that, as a rule, online casinos of these countries don’t feature Paytm as one of the methods to use for depositing.

In 2014, the company established Paytm Labs in Toronto, Ontario. It owns Pi, which is its dedicated fraud risk management platform. For the Japanese market, the company created the PayPay Corporation, a product of SoftBank and Yahoo! Japan. In 2018, the service delivered a QR-based PayPay app for Japanese users. But when we are talking about online gambling and a wide range of Paytm online casinos taking the method, India is the main country in this regard, and Indian rupees are the main currency.

How to deposit to online casinos with Paytm

In most cases, the best Paytm casinos have a similar deposit guide where players need to log into the bank account and locate the UPI ID to charge funds from the specified bank account and start playing within a few minutes. First, you should compare available Paytm-accepted gambling sites, after which you can follow this Paytm deposit guide and adjust it depending on the interface and services of your operator:

• Pick one of the Paytm casinos online you like the most and sign up
• Head over to the deposit section and choose Net Banking (in some cases, you’ll see UPI or Paytm as an option to pick)
• The casino will prompt you to log into your bank account from which you want to transfer the funds
• Then, you’ll have to locate your UPI ID by entering the eWallet account
• Now, copy the UPI ID and paste it into the corresponding field of your bank account
• Make sure to double-check all the details and confirm the transfer through your eWallet account
• That’s it; in a few minutes, the funds will be in your online casino account, and you can start placing real money bets

If your online casino has a corresponding bonus, you can use a promo code or meet some other requirements to get the promotion for a Paytm deposit. The service is hardly ever excluded from bonus offers; in some cases, they are designed specifically for this option.

How to withdraw from online casinos with Paytm

Paytm is just as suitable to cash out when you’ve been lucky to get a real money win. After getting winnings at your online casino and meeting deposit turnover requirements, you can follow these steps to get the money from the casino’s account:

• Once your online casino’s account has an amount which meets the minimum withdrawal limit, visit the cashier section
• Pick Paytm as a withdrawal option
• Enter an amount you want to withdraw (usually, the minimum amount is about INR 1,500)
• Add the required details and confirm that you accept the withdrawal terms
• As easy as that; the funds will be withdrawn within 24 to 48 hours

In most cases, your online casino will display a detailed guide with prompts explaining each step, so even a newbie will easily meet these requirements. Paytm has a mobile app which can be installed from the official site. You can turn on notifications to easily track when your withdrawal request has been processed, and you get the money. Moreover, you can make the cashout request and do all the other steps on the go since Paytm-accepting online casinos from our rating are all mobile-focused and can offer a dedicated app too.

Paytm transaction times and fees

Players enjoy Paytm for its charge-free transactions, which are really fast. Deposits are instant since it takes several minutes to fill in the required data and a few more minutes for the service to transfer the funds. The only thing to consider is the time you need to create a wallet within the service beforehand since it may take some time to connect a bank account to the service.

The fees on the service’s side are also absent, which is great, and operators hardly ever charge anything on their side either. The only exception is when players don’t meet deposit turnover requirements (eg., 1x to 3x wager or the 10% withdrawal fee when this requirement isn’t met). You can find the exact wager and commission in the T&Cs, so it’s essential to double-check this data before creating an account.

These qualities make Paytm a suitable option, which is not only safe but also fast and charge-free, compared to direct bank cards, which are very long (up to 3 business days on average), e-wallets like Skrill, which are usually excluded from online casino bonuses, and bank transfers which are also long and may cause pretty large processing fees. The average deposit limit is INR 200 to INR 200,000, so newbies and high rollers will appreciate the method.

Paytm casinos pros and cons

Pros:

• Paytm is friendly to online gambling and is prompted as a deposit method in nearly all online casinos.
• The service is widely used for everyday payments in India, which makes it widely accepted and popular.
• The service is bonus-friendly, and some Paytm casinos can offer promotions specifically for this banking option.
• Deposits take up to a few minutes, while withdrawals are processed within 24 to 48 hours, which is very fast.

Cons:

• The option is mainly Indian-based, so the service focuses on Indian players and the INR currency rather than global solutions. You will hardly find Paytm in online casinos that do not target the Indian audience.
• You need to have an account at one of the Indian banks to connect it to your wallet for further Paytm transfers.

Convenience and safety of Paytm casinos

First, we should note that most Indian online casinos will display Paytm as an available banking option. In some cases, the site may also offer extra bonuses when players top up their accounts with this banking service. Still, this is mainly true for the Indian online gambling market, so the method is country-specific.

Though Paytm has a pretty large range of products, its UPI transfers are the most common in the online gambling landscape. Online casinos with Paytm, in most cases, Indian ones, will display UPI, also known as Unified Payments Interface, as one of the deposit options. This allows customers to use a single service to connect a range of accounts registered at local banks and make transfers from these accounts through a third party.

Thus, players don’t share bank details with an online casino, adding only UPI details instead, which is an additional step of protecting credentials, especially when you play on a new site which lacks years of experience and positive comments. Moreover, it saves you time since you don’t have to add loads of details and don’t need to wait for hours to make the transfer.

Interestingly, Paytm boasts the ability to process 60,000 transactions per second, and its official site displays information about anti-fraud technology and PCI-DSS compliant with 128-bit encryption. When you connect all these details with reliable online casinos that accept Paytm, this will translate into a safe and convenient experience of real money deposits and withdrawals.

Conclusion

After a deep analysis and a range of personal tests, we can conclude that Paytm is a suitable payment method when you want to play for real money at online casinos in India. Its geography is limited to this country when it comes to online gambling, though the service is also available in Canada and Japan. UPI is a perfect way to make quick payments, considering the specifics of local banking institutions and the merchants taking Paytm. By choosing the top Paytm casinos for this page, we considered not only the presence of this banking option but also the variety of other advantages, including reasonable terms and licensing. By following these steps at top Paytm casinos, you can be sure that your payments will be safe and quick.