How to deposit with Paytm
Depositing at an legal IPL betting site via this payment method is as simple as a-b-c. Before you start, ensure you have a PayTM account and a dedicated app installed on your device. Next, you just need to follow the few steps described below:
Step 1 Choose an IPL site and sign up
We have provided a list of reliable IPL betting platforms and attached a link to each site. Click the 'Registration/Register/Join Now' button and complete the registration form. Confirm your account via a confirmation link or a code.
Step 2 Make your first deposit
Click the "Deposit" button, select PayTM as the payment method you want to use, enter the amount you wish to deposit and your UPI ID, and validate the payment via the PayTM app.
Step 3 Wait for your deposit to hit your account
You will get a confirmation message once your deposit is processed, and you can head to the sportsbook to start placing bets on Indian Premier League events.
Safe and secure IPL betting with PayTM
The fintech platform undauntedly prioritizes users' security and safety, as exemplified by the safety measures it has espoused, such as face ID, security shield, and passwords, which are integrated into its app.
The payment processor also secures users' data and identities through the latest data encryption technology and password-protected databases to prevent unauthorized access to them. Furthermore, Paytm uses artificial intelligence (AI) to detect cases of fraud and potential risks to players' finances.
Besides the above security measures, all players are advised against sharing such information as passwords and UPI IDs with third parties to make sure that they are the only ones who can access their e-wallets.
How to withdraw winnings to PayTM from an IPL betting Site
When you get your winnings from IPL betting, you will be able to withdraw them to your Paytm in very few steps as illustrated below.
Step 1 Sign in to your IPL betting account
Go to the operator's official website via an app, desktop site, or mobile site and use your login credentials or biometrics to log into your account.
Step 2 Clear any unused bonuses and pass KYC
If you have been awarded some bonuses, you will need to use them and make sure to meet the rollover requirement or refuse them. You should also submit the required documentation for KYC procedures.
Step 3 Submit your withdrawal request
Go to the Withdrawal page and select "Paytm". Fill out the payment form with the amount you wish to withdraw and your UPI ID, and confirm your withdrawal request.
Your withdrawal should take less than 48 hours to be processed if you will have met all the preconditions for withdrawals.
Pros and cons of IPL betting with PayTM
Feedback from those who have been using the payment method for Indian Premier League betting shows that it has been a game-changer in the online betting sector.
However, Paytm doesn't only consist of pros, as demonstrated hereunder:
Advantages
- Reasonable limits: This payment method is ideal for both low and high rollers who like betting on Indian Premier League matches due to the allowed limits.
- Speedy transactions: Deposits via this payment method are instantaneous, while withdrawals are processed faster than traditional bank transfers.
- It's a free-free payment solution: All transactions through this payment method are processed free of charge.
- Convenience: Punters can conveniently deposit and withdraw funds at IPL betting sites using their UPI ID without setting up any additional payment accounts.
Disadvantages
- Low adoption: Paytm is currently used in India, UAE, Singapore, France, Mauritius, Bhutan, and Nepal, but even in these countries, not all IPL cricket betting platforms support the payment method.
- ID checks: While security is obviously important, some IPL bettors claim that the PayTM verification process may take hours.
The best Paytm alternatives
There are different other payment methods you can use in case Paytm is not offered at your preferred IPL betting site, including:
- NetBanking: Also referred to as internet banking, e-banking, virtual banking, or online banking is all about making payments on the official website of a bank, and it allows players make deposits and withdraw their winnings at IPL sites without much struggle.
- UPI: The Unified Payments Interface integrates several bank accounts into one mobile app, thereby allowing punters to conveniently make payments at Indian Premier League gambling platforms.
- IMPS: The Immediate Payment Service is an EFT (electronic funds transfer) system that facilitates instant movement of money between IPL gaming platforms and banks via internet banking or mobile phones.
If you find any of these payment methods at your favorite IPL bookmaking site, you shouldn't worry that Paytm isn't supported because it will offer you the same convenience as the latter. So, pick the one available to you for all your payments.
