The number of bonuses that exist in the online betting industry is overwhelming. Actually, each of them should be explained in more detail and with real examples to understand how it works. Today, we’ll talk about cashback – one of the most traditional representatives of the bonus group. After reading this article, you’ll understand typical conditions for getting it, how firms organise it, and how it goes in parallel with other promotions.
PayTM cashback in India as the basic option
The number of PayTM users is steadily growing. That is the outcome of the overall digitisation trend and the company’s attitude to their clients. Being an electronic paying system, it can be easily integrated in the e-commerce sector. More and more merchants all over India connect it to their digital stores and are happy to receive extra clients. You can use these betting tips to win on sports bets.
Check more info about is betting legal in India?
Of course, online bettings sites use this platform as the basic paying option when they want to enter the Indian market. And while bookmakers have their own cashback plans, PayTM promotes its users additionally. However, it caused some troubles with Google Play Market, as the latter accused the financial firm of breaking rules of gambling promotion. However, Google itself uses cashback promotions, so the tech giant restored the PayTM app lately, but the tension is still in the air. One can assume that PayTM can be scared of offering a money return for doubtful niches related to gambling. But one still can use it when buying tickets, paying for products, foods, or clothes.
Where to find the best cashback offer by Indian betting sites
So, when one wants to get a cashback on betting sites in India, he should rely on the options available on the bookies’ websites and betting sites. The major condition here is the return percentage calculated from the real money losses. In other words, welcome offers and other promotion spendings won’t be included in the cashback. You can use it on some betting apps and cricket betting apps for IPL betting for example.
For instance, Bons.com offers a return of 5% to 12.5% of real money spendings on their platform. So, you won 2000 INR but lost 1000. You’ll get 50 rupees minimum at the beginning of the next month.
Cashback card: receiving bonus directly to a bank account
When we are talking about the cashback card in terms of banking, the situation is pretty similar to PayTM. Thus, Indian banks offer diverse money return options, but they cannot be openly connected to gambling sites. So, receiving cash just back directly to the card from betting is impossible.
Moreover, all the bookmakers add money as a cashback to the virtual balance that cannot be withdrawn. However, even a single successful bet will transform virtual cash into money that can be transferred to PayTM or a banking card.
What is recharge cashback offers in reality?
The recharge cashback offer is the specific option in the recent e-commerce sector. A lot of services like PayTM suggest up to 100% money return for mobile phone recharges or other similar financial operations.
Interestingly, this type of promotion can be compared to the welcome bonus by the betting firms. Thus, everyone who deposits some cash receives extra value but to the virtual balance. In general, when you see bonuses like 100% cash back or other offers, you should be attentive to the conditions. 100% recharge can mean the return of a similar amount of points as to the spent money. But points have ten times less value, while marketers still can name it as 100% recharge cashback.
Returning to the betting sector, the most valuable option among promotions still belongs to the welcome bonus. So, choosing bookmakers should include the most interesting propositions for the first deposit. In this regard, Bons offers up to 2 lakh INR and 100% for the first deposit and unique welcome offers for the 2nd to 5th deposit as well. Claim it now and start converting your knowledge in sports betting into money for a better life!
FAQ about Cashback in Betting
- What is cashback?
Cashback is among the most widespread promotions in e-commerce. In simple terms, it means the return of some spent money percentage, but to a specific balance. Some firms return it to the real balance, which is similar to discounts but with a catchy return point.
- How to use PayTM cashback?
To use PayTM cashback, you should have an account on this service and earn appropriate points. Then, you can scroll via the available offers where these bonus points can be used.
- How to get cashback on PhonePe?
To get a PhonePe’s cashback, one has to register on the service and top up the wallet with some amount of money. Depending on the particular conditions, you can get up to 200 INR of cashback after the real money arrives in your account.