Online Casinos in India Offering Paytm
Indian online casino players are among the most frequent players across international online gambling sites, even though online gambling is a tricky subject in the country. Banned on a federal level but legal on a state level, with several states having regulated the activity, online gambling is one of the most popular Indian leisure activities. While playing across sites that cater to players from the country, Indians will find a local solution that would solve all of their banking problems when it comes to online gambling transactions, Paytm. This is a solution that was launched in India to serve Indians in the best way possible, so when it first appeared across online casinos, it was an instant hit. If you’d like to give it a try yourself, continue reading to discover how your online gambling experience with it would be across Indian online casinos. What is Paytm and why choose it as your payment method across Indian casinos?
The Legality of Online Gambling in India
There’s so much to say about gambling in India. As introduced, on a federal level, all forms of gambling are banned with the old Public Gambling Act of 1867. This is the law that forbids all gambling activities; since it is so old, introduced when the internet was not even nearly existing when gambling went online, the government decided to include it in the ban. But, since India is a country consisting of 27 states that legislate for themselves, some states decided to still legalize some forms of online gambling, like Sikkim, for instance. Sikkim put in charge a regulatory body to, acting in accordance with the 2008 Online Gaming Regulation Act, grant licenses to interested operators; PlayWin was among the first to receive such a license.
But, there's a legal loophole for players from the remaining states, states that have not legalized online gambling. What happens is that the 1867 ban was introduced back when India was under British rule, not an independent country; plus, there's no mention of online gambling in the Public Gambling Act since the internet did not exist at the time. So, one can interpret the law in one of two ways: that online gambling is by default banned since the 1867 ban says all forms of gambling are forbidden, or that online gambling is not mentioned in the law and, therefore, not included in it.
Many online casino players from India have decided to go with the second interpretation. And, even though in the past, there are records of people getting fined and even imprisoned for frequenting gambling houses or operating them, we could find no evidence of people getting prosecuted for gambling online. India continues blocking illegal gambling sites, that’s true, and keeps on fighting against illegal online gambling, but Indians still manage to get access to offshore casino sites.
And while they do, they do come across many obstacles. One of the most significant obstacles they frequently bump into is the difficulty of making online gambling transactions, especially when it comes to transactions with credit cards like VISA and MasterCard, as these are often denied.
This puts you, as an Indian player, in a difficult position, since you’d need to look for a suitable payment method to use. And while you might believe that your choices are limited, there’s one excellent local solution that you can use, which is quite the hit across Indian-catering casinos, Paytm. You must have heard of it or used it at least once in your lifetime since this is an incredibly popular payment method in India. Luckily for you, it has managed to get listed as an accepted method across many online casinos that target Indian players. With it, you'll be making instant deposits and withdrawals in Indian rupees, so make sure you give it a thought. If you’re interested in knowing more about it and how to use it across Indian casinos, stay with us, as we’ll take you through all the details!
Why Start Using Paytm at an Indian Casino?
Paytm is one of those household brands that needs no introduction; it is one of the most popular payment solutions in India. Owned by One97 Communications Limited, a company with powerful partners, founded by the owner of Paytm Payments Bank, one of the largest Indian banks, the minute it premiered in 2010, it became an instant hit.
Headquartered in Noida and with a registered office in New Delhi, but with users from all over the country, the solution immediately got the recognition it deserved and the support of giants on the financial scene, names like Discovery Capital, SoftBank, Saif Partners and T Rowe Price, among others. So, what is this solution that received such good feedback, you may ask?
Well, it is a solution that offers many services, even though the most popularly used one across Indian online casinos is the eWallet product. It started out as a payment platform for mobile transactions, which then evolved and started using technology to perform transactions built upon UPI transfers. To get started with it, you must, of course, be an Indian citizen, and then you must have an active bank account. Assuming you meet the pre-conditions, you need to your Paytm account and find your UPI ID.
To create a Paytm account, you’d need to visit the solution’s official website and either download its app or continue with the web-based version to complete a registration form. You’d need to enter your mobile phone number and email address and create a password. You will receive a six-digit OTP code via SMS or email, and as soon as you enter the code in the designated field, your eWallet account will be created. Verify it, by providing a document, like an Adhar card, and with that, you can freely start using your account across online casinos that cater to Indian players.
On that note, let's go over the depositing and withdrawing procedures with the solution so that you know exactly what to do when you embark on your online gambling journey with this excellent eWallet.
How to Deposit and Withdraw Across Indian Online Casinos with Paytm?
You will find Paytm among the top 10 banking methods for Indian players across online casinos. By default, you will find the solution across too many sites to count. So, your first task would be locating top casinos that you’d like to explore more, which both accept Indian players and offer the eWallet.
Once you’ve found your finalists, you’d need to check them out in detail, to further narrow down your list. Finally, as soon as you’ve found your winner, locate the Sign Up/Join Us button on its homepage and register your account with it. To make a deposit with Paytm, do the following:
- Find the Cashier/Payment Methods page at your chosen casino.
- Locate the Deposits section and find Paytm’s logo or select Net Banking.
- In the pop-up, log into your online banking profile using your standard credentials.
- In a different tab, log into your eWallet and copy the UPI ID once there.
- Paste the UPI ID in the designated field on your online banking profile.
- Confirm the transaction on your eWallet and watch the funds arrive on your casino balance instantaneously.
Not only are deposits with the solution super quick, butso are withdrawals, compared to cashouts with other payment solutions. In fact, Paytm manages to process cashouts in 24 to 48 hours after requested. Pair that with the up to 48 hours the casino will take to review and approve your withdrawal request, and there you have it, in 3 to 4 days, you’ll have your winnings arriving on your eWallet account safely and securely.
The procedure to request a withdrawal would be fairly simple and straightforward. You'd need to locate the Withdrawals section on the Cashier/Payment Methods page and simply select Paytm as your withdrawal method. In the pop-up, you just need to enter the amount of money you'd like to collect from your casino balance. After the operator checks whether you are eligible to claim as much money as you requested, your request will be approved or denied, depending on your eligibility. Assuming it is approved, Paytm will take it from there, making sure that in not more than two days, the funds reach your eWallet account.
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FAQs
Is gambling online legal in India?
Do Indian players get prosecuted for gambling online?
Is Paytm a popular payment method across international online casinos?
Do any fees apply when using Paytm across Indian online casinos?
Is there a Customer Support service I could use in case I have troubles with my Paytm eWallet account or transactions?
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