What popular payment methods are available for gamblers in India?

20 March 2020
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payment methods

Online gambling is in its infancy stage in India, but it seems to be fast catching up with the rest of the world. Since gambling in India is a state subject, different states have different laws formulated for online casino activities. But there is no specific law drafted in India which limits individual users from placing casino bets on the internet. Finding an Indian gambling portal that is trusted should always be followed by the verification of the Indian-friendly payment methods supported by the website. The gamblers often experience difficulties in depositing through bank cards as a consequence of the mainly unregulated market when it comes to online transactions towards gambling brands. Let us go through the most frequently used payment portals.

The most recognized payment methods for Indian casino players

Below mentioned are some of the most popular payment methods offered to Indian players by a majority of online casinos operating globally. Take a close look!

Bank transfer

bank transfer

Some online casinos accept local bank transfer payments. It is a simple procedure where the transfer of funds takes place from your bank account to the casino account. Once the deposit is complete, it will be reflected in your casino account within hours, or sometimes days. One thing that you need to do is, reveal your financial details online and deal with the tardy payments.

Credit/debit cards

payment methods

Credit/debit card facilities are the most commonly provided services by the casino operator of any online casino. But the transactions made in India via cards may be labelled as ‘gambling for real money’ by the card issuer and that is when the issue arises. The card companies do not like these transfers in particular. You can try to use your Visa or MasterCard but there is no guarantee that your deposit will always come through.

Net banking

netbanking

Net banking is an electronic transfer system used in India. For example, customers of some of the most popular online casino websites in the country can use IMPS (Immediate Payment Service) or NEFT (National Electronic Funds Transfer) to add cash to their gambling accounts. While NEFT becomes unavailable on holidays and depends on bank working hours, IMPS functions 24/7 allowing a fund transfer at any time during the day.

Neteller

Neteller

Neteller is one of the ways to add funds to your online casino account hassle-free. It requires a few simple steps such as entering Neteller login info and the amount you wish to transfer and depositing takes merely a minute. After the confirmation of the transaction, the money from the Neteller e-wallet will get instantly transferred to your casino account and you can start playing your favourite online casino games.

Skrill

Skrill

Skrill is a very popular online wallet service operating in a way similar to Neteller. It is very easy to use, requiring only the username and password credentials, along with the amount you would want to deposit, to finalise payment. You do have to check if the casino allows withdrawals to Skrill e-wallet balance because it happens that some casino websites redirect their players to transfer via bank as the only possible option for cashing out.

Mobile payments

mobile payments

PayTM, Airtel Money and Mobikwik are online banking solutions that are getting common in India and other parts of Asia. They are otherwise known as mobile payment providers. These payment methods are slowly gaining popularity and are now being offered by casinos as well for making quick payments. They are protected through advanced SSL encryption technology and aims to offer instant transfer of funds.

Bitcoin

bitcoin

While being a thing of curiosity at the beginning, Bitcoins have now gone into widespread use. Bitcoin casinos have opened up a new gambling avenue for Indian players. You can exchange your Indian currency for Bitcoins, and avoid any restrictions by the time you reach the casino games. You just have to be thorough in your research and finding the right online casino which uses Bitcoins. Bitcoin-friendly online casinos are on the rise and surely there will be more to come.

Take-home points

take home points

It is very important to look for online casinos that accept deposit and withdrawal of the funds in Indian Rupees. As for the range of supported banking methods, it is always better to play at online casinos that have a large variety of payment options to choose from. The casino that you choose must also be offering a wide array of bonuses and promotions to welcome the new players from India. The payouts rates also need to be the best so that the withdrawal money gets deposited in your banks as quickly as possible. The online gambling sites should also be offering 24×7 customer support so that you can clear all the doubts that you have pertaining to deposits and withdrawals. Another equally crucial thing to check is whether the casino you have chosen to explore the casino games offer safe and secure money transfer without any third-party involvement.

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