Is Parimatch safe in India?
So you're looking to try a new online betting sige, and you're asking yourself if Parimatch is safe - in this article you'll learn all about the safety of Parimatch in India.
Parimatch is 100% safe to use for Indians!
Parimatch is an old and reputable betting site that's been in existence since 1996. As far as online betting sites go, that is a very long time.
In fact, Parimatch is one of the oldest betting sites still around to this day.
And the fact that Parimatch has been around for so many years is no coincidence. It is because they have provided a great user experience and customer service through all these years.
If Parimatch was an unsafe betting site where players got scammed or got their money stolen, do you really think that Parimatch would still be around? Do you really think anyone would still trust them?
Parimatch has thousands and thousands of happy customers all over the world. Including many players right here in India.
What makes Parimatch safe?
There are many different factors that make Parimatch a safe betting site. We will now go over some of the main reasons, and after reading this, you will surely be convinced that Parimatch is one of the safest betting sites on the market today.
Reasons Why Parimatch is Safe to Use
- Parimatch is licensed by trusted gambling regulators
Parimatch has an international gambling license issued by Curaçao eGaming, one of the biggest and most well-known gambling site regulators in the world.
Parimatch also has local a license in the United Kingdom, where they are regulated by the UK Gambling Commission.
In addition, Parimatch also has local licenses to operate in many other countries, including Cyprus, Belarus, Kazakhstan, Tajikistan, Russia, Tanzania, and others.
If Parimatch was not a safe betting site, it would not be licensed by all these national and international gambling regulators from around the world.
When a betting site like Parimatch applies for a gambling license, its finances are audited, its business practices are scrutinised, and its revenues are taxed.
- Parimatch is a real and registered company
Parimatch is a real company with a physical headquarters that pays taxes and gives jobs to people across a number of different countries.
Parimatch is not some shell company that only exists on paper.
Parimatch, as a company, was founded back in 1994, making it one of the oldest betting companies still in existence.
Parimatch owns a few different subsidiary companies which they use to run activities in other countries. For example, Parimatch trades under the name BV Gaming in the UK, and uses the name PMSPORT N.V in India and other countries (but the brand name is still Parimatch).
All relevant company information, such as an address, registration number, license number, and more can be found in the footer of the Parimatch website.
- Parimatch is headquartered in Cyprus
Parimatch has its main headquarters in Cyprus, an island country that’s part of the European Union.
Cyprus is a well-known and reputable jurisdiction that is home to many trusted and reliable countries, including other betting sites such as 22Bet, 4raBet, Rabona, Bettilt, and others.
As a company registered in Cyprus, Parimatch is subject to the laws of that country. In Cyprus, they have very strict corporate laws, so you can be sure that if Parimatch was a scam company, they would be prosecuted by the Cyprus authorities.
Parimatch also has other subsidiary offices, such as in the UK (Gibraltar), Tanzania, and more.
- Parimatch has more than 2000 employees
Parimatch employs more than 2000 people across a number of different countries.
Most of these 2000 employees are located in Limassol, Cyprus, where Parimatch has its main headquarter.
However, many of them are also placed throughout the Parimatch franchise offices which are located anywhere from the UK to Tajikistan, making Parimatch a truly global company with employees across the globe.
Certainly, the fact that Parimatch has so many loyal employees, should be a testament to the fact that they are a trusted and safe betting site.
- Parimatch is active in more than 20 countries
Parimatch has operations in more than 20 countries around the world.
Parimatch started out as a betting site primarily focusing on Eastern Europe and the Commonwealth of Independent States (CIS) or former Soviet states. This is still where Parimatch does the bulk of its business to this day.
However, more recently, Parimatch has begun to expand into other markets, including emerging markets in Asia and Africa such as India and Nigeria, but also more established markets such as the UK.
- Parimatch has millions of players
Exactly how many players Parimatch has is unknown, but it would not be unreasonable to assume that the number of players who use Parimatch regularly number in the millions.
In India alone, a country with more than a billion people, Parimatch has quickly risen to become one of the most popular betting sites. The same can be said for Africa, where Parimatch pulls in thousands of new players every single day.
But most players that use Parimatch are located in the former Soviet countries where the betting site is considered one of the oldest and most popular betting sites around.
The fact alone that so many people use Parimatch as their primary betting site on a daily basis should be proof enough that Parimatch is safe and reliable to use.
- Parimatch has trusted partners and sponsors
One of the things that make Parimatch a safe betting site is the fact that they have partnerships with trusted sports clubs and well-known brand ambassadors.
For example, in 2019 Mike Tyson, the former world heavyweight boxing champion, became an official brand ambassador for Parimatch.
Later that year, Parimatch also started a partnership with Conor McGregor, the UFC champion.
In addition, Parimatch has sponsorship agreements with dozens of sports clubs around the world, including Chelsea F.C. in England, Juventus F.C. in Italy, and even Kerala Blasters F.C. right here in India.
The fact that Parimatch has partnerships with so many famous names in the world of sports is a testament to the fact that they are a big, well-established, and reliable name in online betting.
Parimatch Security
Now that we have covered the issue of trust, and established that Parimatch is indeed a trustworthy and reliable betting site, let’s take a closer look at security. Is Parimatch actually secure to use?
Fortunately, Parimatch is a betting site that takes security features very seriously.
If you read closely into the Parimatch user agreement (the terms and conditions that exist between Parimatch and it’s users), you will find a section called Pledging of Security.
In this user agreement, it is stated that Parimatch makes use of 2 very important security features:
Industry standard SSL-encryption
And PCI DSS certtification for money transfers
Parimatch Security Features
In the pledge of security, it is stated that Parimatch uses a high standard SSL-encryption with a key length of 256 bit for transferring data.
This is guaranteed by a security certificate which has been approved by the international certificating agency Thawte Consulting.
To ensure the safety of money transfers on the website, Parimatch uses protected pages that have a PCI DSS certificate which ensures that your financial data (e.g.your payment card number) is safe.
PCI DSS is an internationally recognised information security standard which was started by the major card companies such as VISA, MasterCard, American Express, and JCB
How to safely use Parimatch in India
As we have demonstrated above, Parimatch is clearly a safe and reliable betting site - and in this following section, we’re gonna show you exactly how to go about using Parimatch in the safest manner possible.
How to safely deposit money on Parimatch
In order to use the features and games on Parimatch, it is necessary to make a deposit of money into your Parimatch account.
Making money transfers online, especially to betting sites, can be intimidating for a lot of people.
However, international betting operators like Parimatch make it incredibly safe and reliable to process both deposits and withdrawals on their website, using the latest and most secure payment gateways.
Depositing money to Parimatch can be done safely using a number of different payment methods.
For Indian players, the methods available to deposit INR are the following:
UPI Transfer
An Indian bank-to-bank mobile deposit method using the latest security technology. Your transfers are secured and guaranteed by the Reserve Bank of India.PayTM Transfer
An Indian mobile wallet allowing users to send transfers instantly and securely. A very reliable payments company with state of the art security features.Cryptocurrency
Cryptocurrency transfers are decentralised, and therefore not guaranteed or controlled by any third party. Crypto transfers offer total anonymity for the sender and recipient.Credit/Debit Card
Credit and debit cards are issued by banks and enables the user to make instant and secure payments to Parimatch.
Are my deposits safe on Parimatch?
"You can be sure that whatever money you deposit on Parimatch is absolutely safe."
"First of all, Parimatch is regulated by some of the strictest gambling authorities in the world."
"These gambling regulators audit the finances of Parimatch on a regular basis, and ensure that all player deposits are kept in a ring-fenced bank account, separate from the funds that Parimatch use to operate their business on a day-to-day basis."
"Secondly, Parimatch makes use of the most modern and secure payment gateways, such as UPI and PayTM, to ensure that your deposits (and withdrawals) are handled safely at all times!"
A Look at Legality: Is Parimatch Legal?
Online betting sites, such as Parimatch, can legally accept Indian players, and Indians are not breaking any laws by using sites like Parimatch (unless they live in a state where online betting is expressly forbidden, such as in Telangana).
However, online betting sites are forbidden from being based in India.
Therefore, it is strictly necessary that you only use betting sites that are based abroad, such as Parimatch.
Parimatch is based in Cyprus, making it legal for Indian players to use!
Is it legally safe for Indians to use Parimatch?
Parimatch may be legal on paper, but is it legally safe for Indians to use Parimatch, or do you risk being prosecuted by the Indian authorities if you use Parimatch?
The answer is yes, it is legally safe to use Parimatch as long as you live in a state where online betting is not prohibited.
A few states in India have expressly forbidden the use of online betting sites. This includes Telangana and Andhra Pradesh.
Click here if you wanna learn more about the legality of online betting in India.
Parimatch Safety FAQ's
No, Parimatch is definitely not a scam site.
With a registered business address in Cyprus, and more than 2000 employees, and offices in a dozen different countries around the world, it’s safe to say that Parimatch is a real and safe betting site!
Any funds that you deposit are perfectly safe on Parimatch.
Parimatch uses modern and secure payment gateways, enabling users to safely deposit and withdraw funds using UPI, PayTM, cryptocurrency, and more.
Payment card transactions on Parimatch are secured using PCI DSS protected pages, which offers the highest level of encryption in the industry and prevents credit card fraud and loss of funds.
Parimatch does not disclose the identity of it’s users to anyone. As a user on Parimatch your name and personal information is not publicly available.
Yes, your data is handled and stored securely at Parimatch.
They use a high industry standard SSL-encryption to make their database unbreachable.
This means that as long as you keep your username and password safe, then your data will be safe on Parimatch.
