Ask anyone in India and they will tell you that PayTM is a hassle-free affair. In this day and age, that is very precious, especially when it comes to online casino payment methods. Casino Banking Methods has explored the advantages and setbacks of PayTM, a platform that many refer to as India’s leading online payment service. Since a significant number of 22Bet online casinos accept PayTM, our interest in this method, and yours, is fully justified. On this page, we give you everything we know about it. You will learn how to use the payment method and find the list of PayTM casinos with the best online casino bonuses.
Top Casinos That Accept PayTM Payments
We’ve tried to find Indian online casinos without PayTM deposits, and it was very hard! Nearly every internet casino accepting players from India is prepared to accept payments from PayTM on the behalf of these players. Aware of how delicate it may be to find the best online casinos, the CBM team rolled up its sleeves and did all the research. Take a look at our list of the top India-friendly online casinos with PayTM payments below.
Company Background
PayTM is not a small venture. It is a big enterprise that was established in 2010 and is now recognized as India’s leading financial services company. The brand was founded by Vijay Shekhar Sharma with an initial investment of $2 million, who also started One97 Communications back in 2000. One97 Communications primarily offered mobile content including news, cricket scores, ringtones, and even jokes. Now it thrives as the parent company of PayTM and India’s leading mobile internet company. One97 also provides mobile advertising, marketing, and payments for merchants.
PayTM is headquartered in Noida, Uttar Pradesh, where 5,000+ employees “make the magic happen”. It also maintains offices in Bengaluru, Mumbai, Canada, and China. The main vision of the company is to use innovative technology to bring un-served and under-served Indians under the formal banking system, to make banking accessible and convenient across the country. Some of the PayTM investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price, Discovery Capital, and Chinese e-commerce company Alibaba Group.
Target Markets
The main target market for PayTM is the entire internet! Jokes aside, this company strives to conquer the online and mobile payment world and boost the Indian economy, but in a geographical sense, it is mostly used in its home country – India. PayTM became particularly popular in India after the demonetization process, in which the country removed 500-rupee and 1,000-rupee notes from circulation. Immediate growth ensued – the company reported a 1,000% growth in money added to the mobile wallet and a 300% rise in app downloads. Write for Us – Tech News, Business Updates, IT Trends, Digital Media
India-based Paytm became available in Canada thanks to PayTM Labs solving the technical problems of the original version of the app. The Canadian app doesn’t offer all the same services as its India-focused equivalent. At this point, it is focused solely as a bill payments app that offers reward points for making payments. For every dollar spent or paid through the PayTM app, the customer receives one reward point. The points can be redeemed in a variety of different locations including Starbucks, Netflix, and Tim Hortons.
In Japan, the project PayPay went live in 2018 as a joint venture between PayTM, tech conglomerate SoftBank and Yahoo Japan. PayPay is a QR-based smartphone payment settlement service offered to both merchants and customers. Both operations in Canada and Japan are growing, and there have been talks of a global expansion plan for PayTM. Sharma said in a recent interview that the success experienced in Japan, which is a complex market, shows that PayTM has a technology that can be expanded.
Casino Deposits and Withdrawals
With an active, funded PayTM account, you can start gambling at a range of high-quality Indian online casinos. Select a recommendable casino and head over to the deposit page. It is possible that you will see Net Banking offered instead of PayTM due to the UPI framework. Choose Net Banking to get redirected to your online bank. Now, go to PayTM and locate your UPI ID. Copy the ID and in the next step, you will paste it to your online/mobile bank.
Alternatively, you may be offered UPI as a transaction provider, in which case you will select that and follow the same steps (go to PayTM and copy UPI ID to paste it on the bank website). Of course, you will need to enter the desired deposit amount beforehand. The bank will send a UPI request to PayTM. Accept it in the app when redirected. In a few moments, you will get a successful casino deposit PayTM confirmation on your cashier page.
To submit a withdrawal request at casinos that accept PayTM, you need to reach the banking page in the same way while adding money to your casino account. Opt for withdrawal this time and follow the same steps to finalize a successful withdrawal. It is possible that a withdrawal takes longer than a deposit, as a result of the potential pending/verification process conducted by the casino of your choice.
Detailed Overview of Transaction Fees
There are some small fees attached to specific PayTM services. For example, as of January 2020, adding money to the wallet via credit card carries a 2% fee (inclusive of GST). Paying at merchant sites, on the other hand (for instance, depositing at an online casino), currently carries no charges.
Fees and rates at casinos accepting PayTM deposits are not something most online gamblers need to worry about. If there are any charges deducted from your balance, they are likely to be part of the casino’s policy, such as the policy of JeetWin Casino to carry out the first two daily withdrawals for free and then charge ₹250 for each subsequent cash-out.
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