PayTM vs. Google Pay – Which is the Better Payment Method?

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PayTM and Google Play are rival payment methods with an interesting history. They got into a dispute last year when Google removed the PayTM app from its Play store, citing a violation of its terms, causing PayTM to cry foul.

Setting their inter-company disputes aside, Indian live casino gamers mostly want to know an answer to one simple question: which is the better payment method?

We decided to assess and compare Google Pay and PayTM, checking how they perform across a few major categories, to let you make up your own mind about what the best payment method of the two is for you.

A Quick Overview of Both Payment Methods – How They Work

Both of these payment methods are classified as mobile wallets. They work by loading funds or linking credit/debit cards to them, creating a tokenized version of the card, and then using either of those cards or the funds in the wallets to make payments.

Essentially, to play with either of these payment methods at a top Indian online casino, you’ll first link your funds into the wallet via bank transfer or will link your card to them. You’ll then transfer the funds to the casino from your wallet. This provides an extra layer of security and should appeal to players who aren’t super keen on sharing card details directly with banks.

Convenience

Both apps are incredibly easy to use. So, they come out around even in this way.

With Google Pay, you can either send money directly to other people with wallets by entering the amount, their contact details, and then clicking ‘Pay,’ or you can send funds to a casino by using the funds in your wallet or the linked card.

If you’re using PayTM, you first load funds into the PayTM wallet using either a credit card, debit card, bank transfer, or internet banking. You then select PayTM as your preferred payment method in the casino, log into your wallet, and confirm the payment.

Both are easy to use, hassle-free, and offer simple, direct user experiences.

Speed

There are two ways to judge speed when it comes to casino payment methods. First, we can judge how long it takes to transfer funds to a wallet, and then we can judge how long it takes to transfer funds to or from the casino.

As far as loading funds goes, Google Pay wins. Payments from linked cards and fund transfers are almost always instant, whereas it’s not uncommon for payment to PayTM wallets to take as long as a few days (it depends what funding method you use).

What about withdrawals? They’re about the same. Once the casino cashier clears your withdrawals, it won’t take more than 2-3 hours for the funds to land with you. After that, you can spend them directly at the growing number of retailers and ecommerce stores who accept both payment methods.

Fees

All e-wallets make money from fees. There can be currency conversion fees and others, but the main fee casino players have to worry about is the one associated with loading funds into the respective wallets.

Google Pay takes a flat fee of 1.5% or $0.31, whichever is greater, for loading funds via debit card. However, when it comes to credit cards, those fees can be as high as 4% of the transaction. Bank transfers are free.

PayTM, on the other hand, charges 1.75% plus GST. However, it does claim that payments below the value of ₹10,000 in a month are fee-free.

Keep in mind that these fees don’t include any that might be charged by your bank or card issuers. They’re flat fees charged by the e-wallet providers.

Summary

Both e-wallets have their pros and cons. They’re both super convenient and easy to use, but Google Pay is likely to be faster while PayTM is likely to be cheaper to use if you’re funding your wallet with cards. Both are safe and legitimate, ensuring secure transactions to and from Indian casino sites.

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