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Paytm in Indian Casinos
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Even though the online gambling regulation in India is a bit complex for players, there are still millions who access international online casinos on a daily basis, making sure they place their bets and cash in on their favorite games. The payment methods at their disposal for deposits and withdrawals are plenty, both local and global, but still, players seem to prefer one particular solution over any other, Paytm. This is an all-encompassing payment solution that allows for instant transactions via many of its services. It is one of the most used payment methods in India for all kinds of everyday payments and purchases, and as of a few years ago, it is also the solution Indian online casino players choose to use for their deposits and withdrawals. If interested in knowing more about what your online gambling experience with this solution would look like, stay tuned. What is Paytm and why decide to use it as your payment method across Indian online casinos?
Online Gambling Regulation in India
India is a country with a federal government and 27 states that have the right to legislate for themselves. With that in mind, it should not come as a shock to learn that two sets of rules apply for every important industry in the country, the gambling industry included, the federal and the state laws. Now, in 1867, while the country was still under British rule, all forms of gambling were banned. With the introduction of the Public Gaming Act, people were forbidden to frequent or operate gambling venues. When gambling went online, the authorities by default started including online gambling in this interpretation, even though the Act was never changed to explicitly and officially include it.
What did happen was the country allowed individual states to have a say in whether or not they would like to offer online gambling to their citizens. Some states did, actually, legalize online gambling, among the first being Sikkim. With the Online Gaming Regulation Act, the state started allowing online gambling on its territory and introduced a regulatory body to grant licenses to operators who applied, among which the first was PlayWin.
Even though in 2014, rumor had it that India considered changes in legislation, this never happened. While the country continued prosecuting those caught gambling offline and continued blocking illegal online gambling sites, millions of Indian players are leveraging the loophole in the Public Gambling Act 1867, since there’s no mention of online gambling in it, and continue accessing international online casinos.
Thanks to this loophole, in return, hundreds of offshore casinos continue accepting Indian players. So, as long as you somehow get access to any online casino, you are free to join it without worrying about getting caught. You will see that some of the greatest operators, offering the best game selections by leading software developers, have opened their doors to Indians, to allow you to choose from a sea of sites to explore and join. Slots, Live Casino, poker, and all kinds of table games will be at your disposal, delivered exclusively by the likes of Pragmatic Play, Playtech, and Evolution, to name a few.
However, once you start looking for sites to join, make sure you look for those that accept local Indian payment methods, as many do. One solution that is particularly popular with Indian players is Paytm, so try finding sites that accept it. We'll guide you through the process in a bit, but for now, you should know that transactions in India requested with credit cards like MasterCard and VISA are known to fail, making it difficult for Indians to make their deposits and withdrawals. That ends with Paytm: this is one of the most popular payment solutions among Indian players thanks to the fact that it allows for instant deposits and withdrawals in your local currency, the rupee. There’s so much more to it, so continue reading to find everything out, as in the next section, we’ll tell you all the details.
Using Paytm Across Indian Online Casinos
As an Indian, you probably have heard of or you’re already using Paytm for your daily payments and purchases, as the solution is that popular nationwide. It needs no introduction really, but for just a quick reference, it is an instant payment solution owned by a company founded by the owner of Paytm Payments Bank, One97 Communications Limited. Backed by one of the largest banks in India, when it first launched in 2010, it made a real boom.
The solution instantly got the attention it deserved and the support of leading financial firms, like SoftBank, Discovery Capital, Saif Partners, and T Rowe Price, and its users from all across the country started using it. That’s mainly due to the many services it allows users to access, the most used being the eWallet service across the online gambling industry. But that’s not how the solution took off. It was actually first a payment platform that facilitated mobile transactions, but when it started using advanced technology, it started performing transactions built upon another powerful payment solution in the country, UPI.
If you know anything about UPI, you know that you need to create your Virtual ID to use it to perform all kinds of transactions your bank gives you access to. So, in that line, to use Paytm, you must be an Indian citizen with an active bank account and a valid UPI ID. Once you create your Paytm account, you will see your UPI ID there, but let’s go over the procedure first.
To create your account, visit Paytm’s official website and choose whether you’ll continue with the web-based option or download its app to your mobile device to fill out a registration form. All you need to do is enter your email address, and mobile phone number and create a password. Via email or SMS, you will receive a six-digit OTP code which you need to enter in the designated field, and with that, your account is created. Provide a copy of an ID document, for instance, an Adhar card, to verify and start using your account as it suits you.
Since we’re interested in using it for online casino deposits and withdrawals, let’s go through the steps you need to take to perform these two procedures. In the next section, we’ll guide you through the procedures step-by-step, so bear with us.
Depositing and Withdrawing with Paytm
There’s no doubt that you will fund hundreds of sites to access as an Indian player, most of which accept Paytm. IceCasino, NoBonus Casino and SlotV certainly do, but explore other options here at WoO, from the 70 casino options, and you’ll find detailed reviews on them to help you make your decision on the site to join faster and more easily.
The minute you find your casino, register an account with it. From there, to make a deposit with Paytm, go through the following steps:
- Log into your registered casino account and find the Banking page.
- Look for Paytm’s logo in the Deposits section or simply select NetBanking.
- In the new window, enter your credentials to get access to your online banking profile.
- In a new tab, log into your eWallet (or simply access the app if you downloaded it) and copy the UPI ID code.
- Paste the code on your online banking profile and enter the amount you wish to deposit.
- Confirm the request on your eWallet and the funds will immediately arrive on your casino balance.
Considering it is a solution linked to banks, it goes without saying that it is an option for withdrawals, too. However, the transaction won’t be instant this time, but in 24 to 48 hours after requested.
Add to that the fact that the operator will also take up to 48 hours to review your request, and expect your winnings to arrive in 3 to 4 business days. To request a withdrawal, go through similar steps to the ones described just now, only this time enter the amount you wish to cash out. Once your request is approved by the operator, Paytm will make sure your winnings get to your eWallet account in a day or two.
Conclusion
Paytm is certainly an excellent payment solution to consider using across the many Indian online casinos. It is safe, it functions through the standard banking system in the country, and it allows you to make both deposits and withdrawals in your native currency. There’s no reason why you should skip it, so make sure you give it a try at least, to see how improved your entire online gambling experience will be with it.
Casinos for Players from India that Offer Paytm
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FAQs
Is it legal to gamble online in India?
It is legal to gamble online in India, but only if a citizen from a state with legalized online gambling, like Sikkim. On a federal level, there's a ban that covers all gambling activities, by default, online gambling too. However since this is not explicitly said in the Act, many Indians leverage the legal loophole and still access international online casinos that accept Indian players.
Do the Indian authorities fine online casino players for gambling online?
So far, we’ve only found evidence of the authorities fining and prosecuting those caught gambling offline. We couldn’t find any records for online gambling, but we could see that the authorities implement measures to prevent illegal online gambling, by blocking the IPs of unlicensed sites.
How many online casinos that accept Indian players exactly offer Paytm?
Here at WoO, we can provide you with around 70 casino options to explore, sites that both accept Indian players and offer Paytm. If you do your own research, you may find others, but the ones listed here are reviewed in detail by our unbiased, expert team, so you can rest assured they are all safe options to explore.
Who do I get in contact with in case I experience problems with my Paytm deposits?
You can contact Paytm’s Support agents, at your disposal 24/7 via an on-site contact form. You can also explore its official website as it is incredibly informative, but you can also get in touch with our chosen casino’s Support team, especially for deposit problems, as they, too, are trained to assist you in the best way possible.
Does Paytm charge any fees for deposits across online casinos?
No, it does not. In fact, as you will see, that’s one of the main reasons why is it so popular among Indian online casino players. No fees are charged on the casino’s part either, so you can rest assured that your online gambling experience with it will be incredibly cost-efficient.