Payment Methods for Online Gambling in India
As an Indian user, you must consider a lot of things about online gambling in India, and the most important thing is the payment method to use for deposits and withdrawals.
Online gambling in India is always a grey area. Only a few websites allow Indian users to register directly, and among those few online gambling sites in India, not everyone offers Indian payment methods like UPI to deposit or withdraw. Therefore, it is essential to zero down sites that provide the best payment method in India.
Different Payment Methods in India
Online gambling sites in India offer several payment methods. The terms and conditions for each payment method vary depending on the gambling website you use. Also, notably, not all online betting sites offer the below-mentioned payment methods.
Here is the list of different payment methods in India:
Neteller
Neteller is an e-wallet that accepts and allows customers from India to send money in different currencies. Several online gambling sites that operate in India work with Neteller.
Best Neteller Accepting Betting Sites India
10Cric allows users to transfer money using Neteller, but the bettors must deposit a minimum of 1,000 INR for the transfer.
Dafabet is popular for the e-wallet option. Their minimum deposit amount is 500 INR, and the maximum limit is 3,075,00.00 INR.
Skrill
The Skrill payment method is completely legal in India and is vastly popular. They offer instant deposits and speedy withdrawals with no fees. Since you can directly set the currency to INR, there will be no exchange fee as well. Skrill provides that extra layer of security similar to Paypal.
Best Skrill Accepting betting sites in India
Casumo Sports accept a deposit of as little as 200 INR and will allow you to withdraw the same minimum amount with ease.
Rabona is yet another online gambling site that works well with Skrill online payment. You can even make a deposit and claim a 100% deposit match as a welcome bonus. The minimum deposit amount for Rabona is INR 500.
Paytm
Paytm pioneered the concept of e-wallets in India. Being one of the oldest payment methods, Paytm is the most trustable e-wallet for online gambling payments. Notably, Paytm also offers Paytm points which are similar to casino bonuses.
Best PayTm accepting betting sites in India
Pure Win accepts several online betting payments and Paytm is one of them. Overall, the site has a minimum deposit of INR 500.
CasinoDays is popular amongst Indian bettors. They even offer live Indian casino games and accept all payments using Paytm. The transaction is pretty smooth, but there will be a small transaction fee.
PhonePe
PhonePe is yet another popular gambling payment method from India. PhonePe works well with Indian bettors because of its simplicity and convenience. With several bettors opting for PhonePe, it is slowly becoming one of the best payment methods in India.
Best PhonePe accepting betting sites in India:
Betway is the most popular and leading Phonepe-accepting online gambling website. They even offer a 100% 1st Deposit Bonus of up to 15000 INR.
Twin Casino has started welcoming Indian players for a while now, and the popular transaction they accept is Phonepe.
UPI
UPI is the best choice for online gambling payment in India if you want to avoid the complications of using a third-party app. They provide highly safe and secure deposits and withdrawals. Also, UPI-based transactions can be processed through multiple apps, like Paytm, or even your bank’s UPI app.
Best UPI-accepting betting sites in India:
Bet365 is possibly the most famous betting site in the world, and it is not a surprise that they accept UPI payments.
Melbet is known for its esports betting options which are gaining popularity in India today. Melbet has done everything right to attract Indian players, and offering UPI payment is certainly one of them.
Astrocard Pay
AstroPay card comes in handy when you don’t like using credit, or debit cards or sharing personal payment information. The virtual prepaid card works well for several online gambling sites. Many betting sites offer special bonuses if you are depositing money using an AstroPay card.
Best Astrocard Pay-accepting betting sites in India:
Parimatch accepts several payment methods and Astropay is one of them. The most attractive feature of using the Astropay card for Parimatch is that they offer an exclusive bonus for Indian players.
BetTilt is one of the online gambling sites that are becoming popular in India these days. They provide highly competitive odds and attractive payment methods. BetTilt cover more than 40 sports, and they accept Astropay card payment to make it easier for Indian gambling bettors.
Bank transfers
Bank Transfers might take more processing time than any other form of payment but they are the most secure way to do online gambling payments.
With new technologies coming around, Bank payments are globally acknowledged and accepted as one of the best payment methods for online gambling sites.
Best Bank Transfer-accepting betting sites in India:
Sportsbet.io offer regular promotions and has competitive odds. They accept bank transfers, but the processing time is a bit high.
Stake betting site is known for their special reload bonuses on the offer. Also, a 200% deposit bonus match is available. Keep an eye on their special promotions and offers.
Google Pay
Google Pay is certainly the most popular UPI app in India. Their user-friendly interface has helped more and more bettors to opt for this UPI method for betting sites.
Best Google Pay-accepted betting sites in India:
The online gambling sites that accept e-wallet payment methods usually accept Google Pay as one of their payment methods. Here are a couple of betting sites where Google Pay works well as a payment method:
4rabet offers the best bonuses for Indian bettors Google Pay works well here, and the deposit can be done within seconds.
Bollybet is a Bollywood-themed site that has become popular in India, especially, in recent times. Since the site is India-based, its major payment method is Google Pay.
EcoPayz
EcoPayz is one of the best alternatives to the popular Neteller. The processing time is instant and is becoming available through several online gambling sites. Another important thing about EcoPayz is that there is no transaction fee.
Best EcoPayz-accepting site in India:
As the name implies, the Cricbaba betting site works on cricket, and it’s India-specific. EcoPayz is one of the popular payment methods in Cricbaba. The deposit processing time using Ecopyaz is instant while the withdrawal processing time is two days.
Marathonbet is one of the oldest online bookmakers in the market. They offer great in-play betting for several tournaments, and one of the highlights of the website is that their withdrawal processing time is fast. Using Ecopayz, you can withdraw funds in Marathonbet within two hours.
MuchBetter
MuchBetter is simple to use and also provides the customer with low fees. The app supports currencies including INR, Euro, and US Dollars. If you link MuchBetter wallet to an online gambling site, they will provide notifications regarding promotions and bonuses offered on the site. However, only a few betting sites accept payment via MuchBetter.
Best MuchBetter-Accepting betting site in India:
Paripesa online betting sites accept Indian users and even have the easiest signup process. The Paripesa offers fast withdrawals through MuchBetter.
MostBet is yet another online gambling site that provides good odds on cricket. The betting site has a minimum deposit of INR 300.
Visa
VISA is the biggest payment option with over 700 million users worldwide. Almost all sportsbooks offer Visa payments. They are one of the most trusted payment methods in India.
Best Visa-accepting site in India:
Indibet is one of the online betting sites that provide Betting exchange in the country. They also offer exclusive welcome bonuses for Indian bettors. They accept Visa Card payments and even offer a 200% bonus up to 10,000 INR.
Fun88 is yet another popular site that offers Visa Cards payments. They carry an attractive deposit bonus of up to 2,000 INR.
MasterCard
MasterCard is yet another popular online betting payment method that is accepted by almost the majority of markets. Most MasterCard payments are instant, but there is a small transaction fee.
Best MasterCard accepting betting site in India:
Bigbaazi is one of the most trusted sites in India. They offer a payout in 1-2 days which works well with the Indian bettors.
Neo.bet is famous for its Personal bet configurator option where you get to combine different bets from different matches to create your own betting combo. NEO.bet works well with Mastercard payments in India.
How to find the best casino payment methods
Online casinos have come a long way, and they have done so much to accommodate players from India by offering the best payment methods for Indian bettors.
Online casinos offer a diverse range of deposit methods for Indian players today. In case if you don’t know how to choose the best casino payment method in India, read the following:
Safety in Payment methods
The first thing you must notice in any casino payment method is how secure the payment transaction is. Usually, all the details regarding your transaction can be found on the terms and conditions of the casino website.
Payment Limits
The payment limits in casino sites vary for different payment methods. Keep an eye on the minimum deposit and maximum deposit limit. Choose the casino site that provides a lower minimum deposit amount.
Payment Processing fees:
Usually, the deposits are free for all the casino payment methods, but several payment methods carry a transaction fee for the withdrawal amount. Check out the payment methods with lower transaction fees. Also, check whether there are any hidden costs attached.
How to find the best casino payment methods
Online casinos have come a long way, and they have done so much to accommodate players from India by offering the best payment methods for Indian bettors.
Online casinos offer a diverse range of deposit methods for Indian players today. In case if you don’t know how to choose the best casino payment method in India, read the following:
Safety in Payment methods
The first thing you must notice in any casino payment method is how secure the payment transaction is. Usually, all the details regarding your transaction can be found on the terms and conditions of the casino website.
Payment Limits
The payment limits in casino sites vary for different payment methods. Keep an eye on the minimum deposit and maximum deposit limit. Choose the casino site that provides a lower minimum deposit amount.
Payment Processing fees:
Usually, the deposits are free for all the casino payment methods, but several payment methods carry a transaction fee for the withdrawal amount. Check out the payment methods with lower transaction fees. Also, check whether there are any hidden costs attached.
Gambling Account Verification And KYC procedure
Online Gambling sites must comply with certain laws in order to keep the fraudsters away and to run their betting sites transparent.
Anti-fraud laws such as Know Your Customer (KYC) and Anti-Money Laundering (AML) are in place for the same reason. Otherwise, they’re risking huge fines for non-compliance.
Here are a few reasons why AI-powered KYC and other anti-laws are in place
The KYC verification systems will help out online gambling sites to spot fake IDs and forged documents, helping the site to keep safe from fake profiles.
Since KYC verification allows the flag of fraudsters, money laundering and other anti-law activities could be kept in check.
As per the gambling rules, one user can have only one online gambling account. Thus, with the help of the KYC verification process, users cannot create multiple accounts.
The KYC verification process on gambling websites is pretty straightforward.
The online casinos will ask you to scan a copy of your valid Government ID and proof of residence. Any valid ID which carries your address is all you need. You can simply take the picture of the ID and can upload it through mobile as well.
- You will see an option that reads “Verify my profile”. Click on the same.
- Enter the details asked by the site and provide your valid ID.
- The betting site will check and verify your details.
Usually, the verification process takes 1-2 days, and once it is done, you will be allowed to deposit and withdraw payments from your account.
Best Payment method for deposit and withdrawal in India
The Best Payment method for deposits and withdrawals in India has to be UPI. The Unified Payments Interface (UPI) offer transaction using Indian money, and the processing speed is instant too. Today, many e-wallets including Paytm offer UPI payments. The minimum deposit through UPI is usually INR 50, and the minimum withdrawal amount is INR 400. There is no transaction fee, and the speed is instant.
However, the payment limits and the speed depend on the service provider and the betting site..
How to Deposit and Withdraw Money on Gambling Sites
The deposit and withdrawal process on the gambling site is pretty straightforward.
Here are the basic steps to deposit money from a Gambling site:
- Sign up for the online gambling site
- Click on “My Account”, and complete the profile verification.
- Click on “Deposit”, and choose your preferred payment method.
- If you have any promotions available, make use of it.
- Enter the amount to deposit and click okay.
While depositing, keep an eye on the processing time and the fee.
How to withdraw money on gambling sites:
- Login to your registered online gambling account.
- Move to “My Account” and click on Withdraw.
- Choose the payment method. Enter the amount you want to withdraw.
- The withdrawal process doesn’t take a lot of time as well.
Note that on most gambling sites, you should use the same payment method you used to deposit money.
Also, keep an eye on the bonus expiry date, and transaction fee before completing your withdrawal.
How to Sign up for Accounts With Your Chosen Payment Method
Choosing a payment method on a gambling site is one of the important factors you should consider before signing up. You must be certain regarding the availability of the payment method on the site before signing up.
Choosing a payment method on a gambling site is one of the important factors you should consider before signing up. You must be certain regarding the availability of the payment method on the site before signing up.
- Check the online gambling sites for the available payment methods.
- If your preferred method is available, deposit money on that payment method.
- Log in to your betting account and register the payment method.
- Go to the payment page on the betting site and click on your method to deposit funds.
Personal information asked for Gambling Payment
All online gambling businesses come under the Gambling Commission which has a few basic rules for the customers. In order to avoid any illegal activities and to run the gambling website with 100 percent transparency, online gambling sites will ask you for some personal details.
Government Issued valid ID
The gambling sites ask for your valid ID in order to verify your age and also address of residence. The bettors should be above 18 in order to participate in gambling activities. The address proof is to check whether you belong to the country where gambling is legal.
In some cases, the gambling site might ask you to upload your selfies to verify your profile.
Financial Statements
Another important detail you might need to provide to the gambling site is your financial statement. The site will check that your source of funds is legitimate, and as part of a gambling company’s anti-money laundering checks. Also, they might look for your income patterns too.
Safest Payment method for Online Gambling in India
The most trusted payment method for betting sites in India is UPI payment. As mentioned earlier, The UPI payment provides additional security, and your transaction is instant. Also, they have low fees.
Apart from UPI payment, Astropay and Crypto payments are two other safe options to transfer money in online betting sites. In cryptocurrency payment, the transaction is not only fast and low fee, but they also help us stay anonymous.
Laws Around Online Gambling With Indian Rupees
In India, online gambling sites are not prohibited. They are legal in most states, but it is restricted in a few states because of the regulations in that particular state. Therefore, there is no public law at the moment to stop Indian bettors to play on online gambling sites using the Indian rupee. They can even use government payment methods like UPI for the transaction.
However, it is advisable to read the state law and also the terms of your preferred online gambling site before signing up.
