The Indian casino lovers can now transact via various widely accepted payment and deposit mediums. Here are the payment methods that are easily operable in India and are offered by the best online casinos.
E-wallets are the most-used payment method in the modern world. It is a place where you can store your money from the bank and then use it for casino payments. This method is great for people who do not want to reveal their bank details to the casino. You first transfer the money from your bank to the wallet and then, you are asked only for your number for transacting with the casino. This method is instant, highly secured and has no or negligible transaction charge. Some of the top E-wallets accepted by casinos offering their services in India include:
Mobile payment is often confused with E-wallets. However, the two are different in a major way. An E-wallet can be accessed from any electronic device through the website. The mobile payment options, on the other hand, can be accessed only via the apps. India is a country that has welcomed mobile payment options with open arms. The biggest benefits of using a mobile payment method are convenience and accessibility. A mobile payment method is right inside your pocket and you can use it anywhere without providing the details of the receiver. Just enter the first information of the receiver and you will be able to pay in a few taps. Some of the famous mobile payment options in India are:
- Airtel money
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Paytm is the most used online payment method in India. It saw tremendous growth in its user base when it became the first payment app to cross the 100 million downloads mark in 2017.
Modern India knows how to make things more convenient for themselves. While E-wallets and mobile payments need you to add your money from the bank to the payments account, a new method was under-process. This payment method allowed the user to transact in exactly 3 taps.
Unified Payments Interface or as it is famously called UPI, is a payment method that lets you transact like card payment, but through your handy smartphones. All you need to do to start using this payment method is to link your account with your phone number and log in to the app via that number. Once you have connected to your bank account with the app, you can set a 4 or 6 digit pin code for your payments and that is it. The three taps process from here is: choose the receiver’s account, enter the amount you want to transfer and enter your pin to complete the transaction straight from your bank account. It doesn’t reveal your bank account details and takes only a few seconds to succeed. The receiver will only see the user-id on its sender’s address.
Some of the most accepted UPI payment options in India are:
- BHIM(govt. owned)
- Google Pay
- Amazon Pay
- Paytm UPI
If a casino really wants to excel in India, it is compelled to offer this nationally accepted and loved payment method.
Bank cards have been the most used payment method of the world for quite some time now. Everybody now has a card (debit or credit) and can use it for paying it online by entering the card details and OTP. Cards are convenient to carry and the fact that it doesn’t reveal your bank details but uses payment gateways for transaction makes it a secure option for payment. Some of the most used debit/credit cards are:
Bank transfer and Net Banking
One of the safest ways of making a transaction to an online casino that offers its services in India is via Bank Transfer. The safety is in the assurance of money being transacted successfully. Ask the casinos customer support for payment details or choose the payment option ‘Bank deposit’ in your casino. Now you can easily feed in your amount and transfer the amount. The same method can also be used for withdrawals. The payment via Bank Transfer may, or may not, take 24-48 hours for being completed. The payment method is not as instantaneous as others on this list. The next drawback is specific to people who are very particular about there personal details. Bank transfer reveals your bank details to the casino and some people get uncomfortable in letting that happen.
Besides Bank Transfer, the online casinos enlisted by us also offer players with an exclusive Net Banking option to make their payments without any hassles. Making a deposit with an online casino using a Net Banking option is instant, super-easy, and convenient. The technology used is called NEFT (National Electronic Fund Transfer) and is completely free and fast. There is no said upper or lower limit on the amount you can transfer. However, do bear in mind that there are online casinos that have minimum deposit levels. Hence, it stands very important to check and read the terms and conditions before you decide to use the Net Banking option for making payments.
The cryptocurrency payment system accepts payments from any country and emphasizes security due to the nature of blockchain-based cryptocurrencies. When a customer is making payment using cryptocurrency, the transaction often goes through the payment gateway at a fixed exchange rate and automatically converts to traditionally recognized fiat currency so that the merchant can avoid the volatility of the cryptocurrency markets.
However, some cryptocurrency payment gateways do not automatically transfer the cryptocurrency to fiat currency, allowing the merchant to hold the digital coins as long as they want, usually inside a cryptocurrency wallet. Bitcoin is the most popular and commonly supported cryptocurrency used during transactions with these systems and others include Litecoin, Ether and Bitcoin Cash to mention a few. We, at Casino Bonus India, bring to you the top list of online casinos that offer the best cryptocurrency payment gateways.