1xBet is one of the largest international betting sites in the world. They are famous for the incredibly large and diverse selection of games and features they offer. You can find so many different games and betting options on 1xBet, from Kabaddi to Cricket and casino games. Indeed, every player will find his game on 1xBet!
Deposit with Paytm
In this guide, you will learn how to deposit with Paytm on a betting site in India
Did you know that you can fund your sports betting account with Paytm?
Yes, it is not only very possible but also very easy!
Over the last few years, Paytm has become one of the largest online payment platforms in India, boasting hundreds of millions of customers.
In this article, we will tell you all you need to know about PayTM, and give you a detailed guide on how to deposit money into your betting account with this payment method.
Find out the good and the bad sides of betting with Paytm, and the sites that allow us to deposit money with Paytm.
Betting sites that accept Paytm deposits
|Website: www.1xbet.com||Founded: 2011|
|Owner: 1X Corp N.V.||Headquarters: Cyprus|
|Website: melbet.com||Founded: 2012|
|Owner: Bonnal Ltd||Headquarters: Cyprus|
Melbet is an international betting site that accepts players from every corner of the world, including India!
Indian players will find lots of great features on Melbet: from live cricket betting to teen patti, Melbet gives you access to some of India's favorite games.
They also accept convenient deposit methods such as UPI and Paytm, making it easy for Indian players to transfer money in and out of this betting site.
Melbet Rating: Highly Recommended ⭐Read full review
|Website: www.betwinner.com||Founded: 2018|
|Owner: Marikit Holdings||Headquarters: Limassol, Cyprus|
Betwinner is one of the most recent betting sites to hit the Indian betting market. Betwinner separates themselves from the competition by offering convenient deposit methods for Indian players, combined with a great betting platform and awesome LIVE betting service that allows you to bet on several events at a time. Betwinner is a great choice for Indian players who enjoy live betting!Read full review
|Website: 10cric.com||Founded: 2012|
|Owner: ZapZap Marketing||Headquarters: Cyprus|
10Cric is an international bookmaker with a focus on cricket betting. This betting site is open exclusively to Indian players and offers all the conveniences that Indian players need. They accept Indian rupees and allow you to bet on sports such as cricket, horse racing, kabaddi, etc. They also have a news section dedicated to IPL. Using this bookmaker is a great experience for Indian players.Read full review
Why deposit with Paytm?
Why use Paytm to deposit money on a betting site, you ask? Well, there are multiple reasons why we believe Paytm is one of the best deposit methods for Indian players.
First of all, it's incredibly convenient to use. It's available to all Indians, no matter what color, creed, or caste they come from.
Paytm can be used to send even very small amounts, so you don't have to be rich or famous to use Paytm.
Paytm is available for all, no matter how rich or poor you are!
You don't need to have a bank account to use Paytm!
Another benefit of Paytm is that it's very secure - as much as any international e-wallet - because they are regulated by the Reserve Bank of India. This means that your money is always in safe hands when you deposit with Paytm.
- There are no fees when depositing money on a betting site.
- Allows players to deposit and withdraw Indian Rupees.
- Safe and secure: Paytm is strictly regulated by the Reserve Bank of India.
- The fee when withdrawing money from Paytm to personal bank account is quite steep at 4%.
- Account setup may take a little time due to strict verification and KYC procedures.
FAQ About Paytm Deposits
Many of our readers have come to us with questions. Here are some of the most frequent questions we get about how to deposit money on a betting site with Paytm.
❓ How to deposit money on a betting site with Paytm?
Depositing money on a betting site with Paytm is simple and straightforward. We will show you exactly how to do it in this article.
The most complicated part is to set up your Paytm account, go through the verification process, and link your bank account.
But once that's done, depositing money on a betting site becomes a breeze!
💰 Do I get a welcome bonus after depositing money on a betting site with Paytm?
Yes, all the betting sites that accept Paytm deposits also give you a handsome welcome bonus after you make your first deposit.
In fact, you can get more than Rs. 10,000 in bonus money when you make a deposit on a betting site.
🏧 Is it possible to withdraw money from a betting site using Paytm?
Yes, withdrawing money from your betting account is also possible using Paytm.
It's very simple, and it doesn't cost you anything to make a withdrawal.
However, you may have to wait anywhere from 5 minutes and up to 3 hours for the amount to appear in your Paytm wallet.
So if you're looking for a reliable way to deposit and withdraw money from your favorite betting sites, Paytm is definitely the right payment solution for you!
⚖️ Is it legal to deposit money with Paytm on a betting site?
Yes, depositing money with Paytm on your favorite betting site is absolutely legal!
Although there are some restrictions about betting sites operating in India, as long as you're using a foreign betting site and depositing Indian Rupees, you're acting within the law.
Therefore, you can feel safe and confident that it's totally legal to deposit money on a betting site with Paytm in India.
After all, if it wasn't legal, Paytm would have shut it down immediately, since they are a large and reputable company in India with strict regulations by the financial authorities.
⌚ How long does it take to make a deposit on a betting site with Paytm?
Depositing money on a betting site via Paytm is very fast, indeed!
After completing the transfer, usually, it takes only a minute or two for the money to be credited into your betting account.
However, in rare cases, it may take up to 3 hours for the money to arrive.
This is because betting sites use an intermediary Paytm account.
This means that someone from the betting site has to manually validate the transfer and credit the money to your name.
💵 What is the maximum amount you can deposit with Paytm on a betting site?
The maximum amount which is accepted by most betting sites is just Rs. 10,000.
This means that Paytm is not a good deposit method if you're a high roller who wants to transfer large sums of money regularly.
However, the minimum amount which you can deposit is a mere 100 rupees on most betting sites. So literally anyone can get started, no matter how much money they have.
In other words, Paytm is great for those of us who need to transfer smaller amounts once in a while.
🔒 Is it safe to deposit on a betting site with Paytm?
Yes, depositing money on a betting site with Paytm is very safe.
Paytm is a reputable Indian company with millions and millions of loyal customers. They take very good care of your money in order to preserve their reputation.
In addition, they are regulated by the Reserve Bank of India (RBI) which keeps a very close eye on Paytm to ensure that they abide by the strictest safety measures.
- In other words, you can feel fully confident that your money is safe and sound in the hands of Paytm!
💲 Is it expensive to deposit on a betting site via Paytm?
No, depositing money on a betting site by using Paytm is absolutely free of charge!
The only expenses you will incur are if you withdraw money from your Paytm wallet to your personal bank account.
This is charged at a fixed percentage fee of 4%.
How to Deposit on a Betting Site with Paytm
Now that you have a general overview of what Paytm is about, it is time to show you how to use this method to fund your betting account.
Depositing money into your betting account with Paytm is very easy, and we are going to take you through the process in this detailed guide.
Step 1: Open a Paytm Account
If you already have an active and functioning Paytm account, skip to step 2.
To access all the wonderful features of PayTM, you need to open an account.
For the best possible experience, you should download the Paytm app from either the Google Playstore (for Android users), or the apps store (for iOS users).
If you don't have a smartphone, it is not the end of the world! Just visit the Paytm website and sign up normally.
You have the option of selecting your preferred language before starting your registration. Remember, Paytm is available in English and 10 other Indian languages.
Depositing money with Paytm is super convenient!
If you are using the app, click "Create a New Account" from the welcome page to begin your registration, while you should tap "Sign Up" if you are registering from the PayTM website.
- You will be asked to provide a few basic details, including your phone number, your preferred password, and an email address.
When you supply this information, Paytm will send a One-Time Password (OTP) to your phone number for verification. Enter the OTP into the space provided to proceed.
Now enter your first name, last name, and date of birth in the appropriate spaces and click "Create Account".
Congratulations - You are now the proud owner of a brand new Paytm account!
Step 2: Fund your Paytm Wallet
Before you can transfer money from your Paytm wallet into your betting account, you need to have some money in your Paytm wallet.
Funding your Paytm wallet should not really be a problem. It is a very straightforward process that can be done in a matter of minutes.
To deposit money into your Paytm wallet, log into your Paytm account with your phone number and password, and click "Add Money" from your home page. Enter the amount you want to add to your wallet and click "Add Money".
After doing this, you will be asked to select your mode of transaction. PayTM allows us to transfer money into our wallets via the following means:
- Bank Account
- Debit Card
- Credit Card
- BHIM UPI
Based on the mode of transaction you have selected, enter the required details and click "Pay Securely".
For example, if you have opted to pay with your debit card, you will be asked to fill in your card details. Your bank account information will be requested if you are doing a bank transfer, while your UPI details will be required if you are paying via BHIM UPI.
When you click "Pay Securely", an OTP will be sent to your phone. Enter this OTP to authorize the transaction.
Your Paytm wallet will be instantly credited. You can always view your wallet balance and recent transactions by clicking "Passbook" from your home page.
- You must verify your identity before you can take full advantage of your Paytm account!
When you sign up on Paytm, you will be able to fund your wallet, deposit on betting sites, and do online transactions with PayTM merchants.
However, you will not be granted access to some other services, including sending money to another Paytm wallet or bank account, until you complete your KYC (Know Your Customer). KYC can be done in different ways.
You can either do it yourself, request a Paytm agent to come to your location and do it for you, or visit a nearby KYC center to complete the process.
In all of this, you will be required to present verification documents such as Aadhaar Card, voter ID card or PAN card. Full KYC will also increase your PayTM limits.
Step 3: Deposit on a betting site using Paytm
Now that you have money in your Paytm wallet, you can go ahead and deposit some cash into your betting account!
Like we mentioned earlier, one of the very few negatives of Paytm payments is that the payment method is not present in many bookmakers.
However, we are confident that within a few years, Paytm will become one of the most popular payment methods in the betting scene. Paytm betting will be very big in the near future.
Here is a list of the betting sites that currently accept Paytm:
Paytm Betting Sites
Let us use the 1xBet example to illustrate the Paytm payment process.
1xBet: Deposit with Paytm
How to deposit money into 1xBet with Paytm
1xBet is fairly new in India, but it has jumped the cue to become one of the most popular betting sites in India.
1xBet has many amazing qualities, including a massive sportsbook and vast betting options. When you sign up on 1xBet, you will be able to bet on over 1000 sporting events on a daily basis.
Aside from Paytm, 1xBet also accepts many other deposit methods such as PhonePe, AstroPay, UPI, Google Pay and more!
All you need to do is to select the deposit method that is convenient for you, deposit some money, and start betting!
- To deposit money into your 1xBet account via Paytm, you have to pay the money into a 1xBet Paytm wallet and then request that the money be transferred into your 1xBet account.
The minimum amount you can deposit via Paytm is 500 Indian Rupees, while the maximum is 10000 Rupees.
Depositing money on 1xBet is simple and straightforward - we have written an article that explains each step in detail which you can find below!
Now that you know how to make a deposit on your favorite betting site using Paytm, you're ready to start placing bets!
As you have learned, depositing money via Paytm is safe and very convenient.
So go on and sign up with any of the betting sites that accept this payment method and start funding, playing and winning!