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This payment method can be used either as a wallet or as a UPI to make payments, as long as you have linked your bank accounts to the wallet and a UPI ID for the same is created.
There are no fees or charges linked when making a deposit or withdrawal with Paytm at sports betting sites like 10CRIC or Betway. Furthermore, it is fast like the Rajdhani Express.
Think of it like using the payment method for anything else – using it to pay for groceries, buying supplies, or paying the Ola cabbie for taking you from the airport to home – though if you are in Bangalore, you will most likely pay more than what you would deposit here.
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