Payment Methods For Online Casinos
Reliable casino payment methods should be one of the main factors when choosing a casino to play in the Indian market. Regarding top-notch banking options, players have many options to consider. A standard set of methods must be present on a website so that you know it’s high-quality and trustworthy. Every gambling platform worth its salt provides various convenient payment methods for online casinos.
Deciding on the appropriate method that fits your gambling needs while ensuring the safety of your financial data can seem overwhelming. Our experience with every payment system shows that each has its pros and cons. Our comprehensive guide will take you through everything you need to know about the popular options to ensure you make the best choice.
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Best Payment Solution In India Casinos
Gone are the days Indians have to move miles to enjoy casino plays. Technological advancement allows you to fulfill all gaming desires from anywhere via your smartphone or computer. Different components work together to bring a smooth gambling experience to the comfort of your home. However, you can’t fully enjoy playing without being confident in your chosen online gambling payment methods.
You can access many great payment solutions to make hassle-free deposits and withdrawals at any reputable casino website. What an individual considers the best casino payment methods may vary based on preferences. India is no different from other countries where players can use a wide range of banking solutions like:
- Credit/Debit card
- Paying by Phone
- Vouchers and prepaid cards
- Bank transfers
Moreover, the PayTM option, available in 11 languages, is prevalent among Indian punters. It’s an efficient, convenient, and secure solution built on a UPI gateway. Depending on the casino, the processing time for deposits and withdrawals may vary.
All the perks offered by PayTM, including zero fees on all deposits, are why many Indian gamblers prefer it to other payment methods for online casinos. However, a withdrawal fee of 4% can be a bit of a downer. Regarding the transactions, there is no limit to how much you can deposit into your casino account. So take a moment to check if your preferred gambling platform has set a minimum and maximum withdrawal limit.
How to Deposit on a Casino Sites in 2023?
As an Indian player, you no longer have to face difficulty funding your account and can start having fun at online casinos. The advent of modern and efficient payment methods for online casinos gives you options, even without dealing directly with the banks.
As long as you register with legal websites, making a deposit should be a walk in the park. Though the steps may vary slightly from one casino to another, every beginner can fund their account without encountering any problems.
The general steps involved in making your first deposit and starting to play the games of your choice are the following:
- Head over to the casino site’s billing section placed on the menu.
- Select your preferred method from the ones supported.
- Input the amount in the space provided.
- Add the promotion codes if available.
- Click on the “Deposit Now” button to complete the process.
Different Payment Methods in India
During the industry’s early days, payment operators and banks were reluctant to process transactions for betting purposes. Due to relaxed legislation, standard online casino payment methods are now available at most sites.
Casinos also understand the need to give their customers diverse payment options to keep them loyal and to compete with other platforms in the highly competitive industry. Though that is always a good thing for you as a player, choosing the banking system that suits your needs is where it gets tricky. We have created a comprehensive list of the major casino payment methods for you to deposit and withdraw seamlessly.
Deposit and Withdraw Money Using Neteller
Many players prefer Neteller as a reliable and secure avenue of depositing and withdrawing from gambling platforms. Most top-rated sites accept Neteller. To start transacting with Neteller, you first need to head to the payment processor’s official website and register an account.
Depositing into your account with Neteller is entirely free. However, a 2.5% charge applies when funding your Neteller. You will be requested to verify your bank account before processing a withdrawal for the first time. Though making a deposit and withdrawing from your casino account to Neteller are instant, it may take 3 – 5 days to get your bank credited when transferring money from Neteller.
With this payment method, you can make all your transactions in INR, saving you extra charges on currency conversion and exchange rates.
Deposit & Withdraw Money with Skrill
Almost all top websites support payments with Skrill. Many gamblers prefer making casino payments anonymously. This reason contributes to the popularity of Skrill among Indian punters, who like to transact at casinos without revealing their billing information.
Creating a Skrill account is pretty straightforward. Simply visit the Skrill website and fill out the one-page registration. Basic information such as your name, country, preferred currency (INR), and email is all that you need to register an account.
As a resident of India, you can fund your wallet with Neteller, Bitcoin, UPI, Astropay Net Banking, or a credit card. Regardless of the method, be prepared to pay a charge of 2.5% when funding your Skrill account. Depositing into your favorite casino account is, however, completely free.
Deposit and Withdraw Money Using Paytm
An e-wallet with an instant yet free-of-charge deposit will always be attractive to gamblers. Unlike other similar casino payment methods, you will only be charged a high 4% fee when making withdrawals with PayTM. The service, regulated by the Reserve Bank of India, is secure and safe to use and boasts 100 million users.
Depositing to play a PayTM casino game requires no know-how, but you must open an account first.
- Download the PayTM app or visit the website on your mobile device or computer
- Click on the login/sign up button
- Fill in your phone number and email address
- Click the “Create Account” button to send the information, and your account will instantly be created.
After completing your registration, you can fund your online casino India PayTM with a Credit/Debit card, Net Banking or BHIM UPI. In about 30 seconds, the fund will arrive in your account. It is worth noting that withdrawal may take a little longer, sometimes 3 hours, as humans verify that to prevent fraud.
Deposit and Withdraw Using UPI
Many casinos for Indians let you deposit and withdraw with UPI. Experienced players considered it the payment solution that revolutionized the niche. It is cheap, fast, and instant. Enhanced security measures like the 2FA system, QR codes, and unique personal ID codes make UPI’s service highly secure.
Setting up a UPI wallet requires a Smartphone and an Indian bank account. Then, you can choose PayTM, PhonePe, BHIM or Google Pay for your wallet. All these wallet options are available for download at Google Play Store and App store. Once downloaded, the next step will be to create a Virtual Payment address for sending and receiving funds. Lastly, link your bank account to make funding your UPI account seamless.
You can instantly deposit up to Rs 100,000 per transaction into any UPI-supported casino. The withdrawal process, which can range from 2 – 5 days, is relatively faster and cheaper than other online casino payment methods.
Deposit & Withdraw with Astropay Card
There are several reasons to choose online platforms that allow you to deposit with an Astropay card. Starting with a superfast setup to zero fees, using the virtual prepaid card enhances your gambling experience. You can easily conduct all your transactions in Indian Rupees without paying extra charges for currency conversion.
To start using an Astropay card, set up an instant account with your phone number. As the company’s way of making its platform safe, you will be asked to present a document to verify your identity. Then use methods like PhonePe, Neteller, Perfect Money, online banking, or cryptocurrency to purchase the AstroPay of your preferred denomination.
Note that the Astropay card is a solution that only works as casino deposit methods. Consider other payment methods to cash out your winnings.
Deposit and Withdraw Using Online Banking
Online banking is hassle-free for Indian users to fund their casino accounts. If you haven’t already, you only need to use your existing bank information to set up a digital banking account. To do that, head to your bank’s website, look for the Net Banking registration page and follow the instructions to generate an internet banking account.
If you don’t have money in your account, you may need to visit your local bank branch to fund it or request that your family or friend transfer it into your account in exchange for cash. Once your account is funded, look for the “Bank” option from the list of supported methods at your chosen casino. While deposits are transferred in real-time, withdrawals may take between 3 – 5 days.
Due to ambiguous gambling legislation in India, not all banks support transfers to casino websites. However, deposits and withdrawals at the platforms are often free.
Deposit & Withdraw with Bitcoin
Over the last few years, bitcoin has become the legitimate alternative to modern and traditional ways of transacting. The reason is not far-fetched. Transactions made with bitcoin are anonymous. And since no bank is involved, the payments are free of taxes and charges.
Making deposits with bitcoin differs slightly from other payment methods for online casinos. The first thing to do is confirm if your chosen casino site accepts bitcoin. Then proceed to create a crypto wallet if you don’t have one. There are several crypto platforms to create a wallet for free. Just ensure it is widely used and has an excellent reputation.
After receiving your wallet number/ID, fund it using options like Credit/Debit cards, Electronic Bank Transfer, Net Banking, or UPI. Your wallet should be credited within a few minutes.
When ready to fund your gambling account, simply choose Bitcoin and fill in all the information required. A wallet address will be shown. Then proceed to your crypto wallet to transfer your desired bitcoin amount to the wallet to complete the process.
As for withdrawal, it is incredibly straightforward. Type the amount and bitcoin address into the withdrawal page and confirm. You should get your money instantly or in a few minutes.
Deposit and Withdraw Using IMPS
This mobile banking, operated by The National Payments Corporation of India, is arguably one of the most secure payment methods for online casinos. It is linked to hundreds of Indian banks. So if you want a fast and secure process of making payments to or from your bank to your player account, IMPS (Immediate Payment Service) is your best bet.
One con of this method is that the casino has to be based in India, as the payment solution only works when the payer and payee operate an Indian bank account. Follow these steps to use IMPS:
- Visit your local bank and request IMPS to be added to your account.
- Locate the deposit button of your chosen platform to get to the cashier section.
- Choose IMPS from the list of supported payments.
- Link your IMPS by following the instructions provided by the casino.
- Input the amount to be deposited.
- Enter your 7-digit Mobile Money Identification Number (MMIN) to verify and complete the transaction.
Choose the IMPS on the withdrawal page and enter the amount. Check charges on IMPS transactions with your bank, as it varies.
Deposit & Withdraw with EcoPayz
Instead of using your bank account and risking exposing it to hackers, you can use ecoPayz for swift deposit and withdrawal at most casinos. It supports over 45 major currencies, including the Indian Rupees. Charges on ecoPayz service range from 1.6% to 6% (plus Rs 19.43), with an additional 2.99% for currency conversion.
The steps to deposit with ecoPayz on any websites that support it are the following:
- Visit the ecoPayz site to register a free account
- Locate the billing section
- Enter the amount to be deposited
- Select the payment method from the options available
After your account has been credited, most times instantly, log in to your casino account and deposit with your ecoPayz details. The withdrawal follows the same process. After you receive your winnings in an ecoPayz account, you can transfer it to your bank account or withdraw directly with your ecoCard.
Deposit and Withdraw Using MuchBetter
MuchBetter is an app-based payment solution that simplifies transactions, including making and receiving payments from gambling platforms. In addition to the convenience, instance, and safety, MuchBetter provides an extra perk of better bankroll management. The banking solution’s simplicity can also be identified in the registration process.
- Download the MuchBetter app and sign up with your mobile number
- Choose Indian Rupees as your account currency.
- Fill in your personal information and click on the “Get A MuchBetter Account” button.
- Follow the link sent to your email to confirm your account.
- Fund your account with Credit/debit cards, e-wallets, or other options available. Funding with bank transfers comes with zero charges.
- Enter the amount and your phone number to confirm.
As for withdrawals, select MuchBetter on the withdrawal page of your casino. Input the amount and phone number once directed to the MuchBetter withdrawal page. Depositing with MuchBetter is free and instant, but withdrawals often take 3 to 5 days.
Deposit & Withdraw with VISA
No introduction is needed when writing about VISA. It is one of the most trusted casino payments in the world. It comes as a surprise to no one that a vast percentage of Indian gamblers are comfortable with making deposits and withdrawals with a VISA card. With INR allowed in VISA transactions, you avoid extra charges and currency exchange fees. Besides these charges, which are 2.5 to 3%, VISA charges nothing on your deposit and withdrawal from your casino account.
So, how do you use a VISA card on a gambling platform or even a sports betting site?
- Sign up for a VISA card at your bank or from its website’s card section.
- When it’s time to make a payment, choose the Credit/debit or VISA card option.
- Once redirected to the billing page, input your name (you will not be able to deposit with a card in another person’s name) and card details.
- Enter the right amount and click on confirm.
- Your account should be credited instantly.
While a deposit is processed in real-time, it may take between 3 to 5 banking days after the withdrawal is processed to get credited. Keep in mind that the processing time with VISA is generally slower than with e-wallets.
Deposit and Withdraw Using Mastercard
Mastercard shares similar features with VISA. Also, Indian users do not have to worry about fees when depositing and withdrawing from a casino. Funding your account is equally done instantly and free of charge. Withdrawals take 2 – 4 days, and a 2% charge may apply.
Getting a Mastercard and using it is no different from VISA. Therefore, check the steps outlined above.
Comparing VISA and Mastercard Payment methods
It is hard to differentiate between the two most popular card payments. A casino that supports VISA is almost certain to accept Mastercard. If you own both, here is how the two card payments compare.
|Security||Uses “Verified by Visa” protection scheme|
|Availability||Available in more countries|
|Withdrawal||Up to $10,000 max, depending casino|
|Processing fee||Average 1.43% – 2.4%|
|Transaction speed||up to 5 days|
|Security||Uses the “SecureCode” protection|
|Availability||Not available in all countries|
|Withdrawal||Up to $10,000 maximum withdrawal|
|Processing fee||Average 1.55% – 2.6%|
|Transaction speed||4 or 5 days|
The fastest Payments and Withdrawals
You have picked a platform packed with exciting games. From our experience, most casino payment methods guarantee instant funding. One feature differentiating great casinos from good ones is how fast you can withdraw. You sure don’t wait days before getting your money and start partying hard with your winnings.
At this point, you are thinking, which online gambling payment methods let you withdraw your winning instantly? Before that can happen, you must verify your identity by submitting the requested document. Every top casino out there requires that to protect you and their platform.
Once you get that out of the way, you should receive your money at the click of a few buttons. What determines how fast you get your hands on your winning varies not just by the casino but also by the banking you use. Consider using mobile payments, cryptocurrencies, and e-wallets rather than online transfers, especially if you can’t afford to wait for five or even seven days.
For mobile-app payments, online casino India PayTM is your best choice for smooth and quick withdrawal with your smartphone. Bitcoin has also become popular among Indian punters seeking to get their winning instantly. Neteller, Skrill, and other e-wallets are combinations of the two.
However, keep in mind that gambling is very addictive. Easy access to the platforms can make you want to gamble again and again to get an easy distraction from everyday problems. But it’s not an escape; winning money is never a solution to real-life challenges. As Bert Ambrose said:
“You don’t gamble to win. You gamble so you can gamble the next day.”
Criteria For Best Gambling Payment Methods
One thing you should never compromise on is the payment features at a gambling platform. Many sites provide Indians with several international and localized online gambling payment methods. Not only will you be able to deposit and withdraw in INR but also international currencies.
Different factors decide what a player considers the best casino payment methods. If you opt for UPI, PayTM, and IMPS, you run no risk of extra charges and fraud as an Indian authority regulates them. On the other hand, certain established international services have outstanding track records of providing smooth payment for gamblers on a global scale.
It is crucial to do your due diligence before trusting your money with a financial merchant. So, what are the criteria to look out for before signing up and making your first deposit?
Every transaction you make at your preferred casino involves sensitive financial information. As a result, the security and proper assessment of the risk factor of the payment methods for online casinos you are considering should be a priority. Ensure the financial company puts measures like fraud detection and critical screening technologies in place.
Considering hackers and scammers strive to outsmart the system, only do business with a payment gateway with the latest security standards. Finally, regulation by the Reserve Bank of India ensures the billing solution is secure for Indians to use.
Websites offering gambling services to Indians also operate in other parts of the world. Globalization means you can plan and win money in several currencies, including US Dollars and Pounds. That may necessitate having different bank accounts and complying with different financial rules. Currency conversion fees will apply to convert your winnings in other currencies to Rupees. Using payment methods for online casinos that accept Indian rupees saves you funds.
Also, please make sure the websites support Indian banking services like online casino India PayTM and offer juicy bonuses when you make deposits with them.
User-Friendly and Fastest
Speed and ease of use are critical for a good user experience at a casino platform. Funding your account or cashing out your winnings should never be a hassle. Most casino websites guide you through the process, but a payment interface should be easy to understand for most internet users.
So, before opening an account with a casino, check whether it is convenient to use on smartphones and desktops. Furthermore, avoid online casino payment methods with unnecessary long steps and slow processing time.
5 Payment Methods That Can Be Used
Most gambling websites operate outside the country. Also, the Federal states laws do not explicitly state that playing at casinos in India is not legal.
Therefore, you should have no issue choosing from any payment methods available to play at your preferred casino. Based on our experience using them, you can use these 5 payment methods to play.
|UPI||Cost-effective with no fee Instant transfer Regulated by The Reserve Bank of India|
|PayTM||Deposit processed in real-time Straightforward to use the app Safe and regulated by the Reserve Bank of India|
|VISA/Mastercard||Top-class security measures Special deposit bonuses Convenient and fast deposits|
|Neteller||Supports diverse currencies Privacy and Anonymity Swift withdrawal time|
|Bitcoin||Advanced encryption and security Very low fees Fast and seamless transactions|
|UPI||No privacy or anonymity Delayed payment due to validation|
|PayTM||4% withdrawal fee Slow, unresponsive support Limited sites have PayTM casino game|
|VISA/Mastercard||Withdrawal takes days Risk of exposure to hackers|
|Neteller||High currency conversion fee Casinos offer limited or no deposit on Neteller deposits|
|Bitcoin||Unstable value Fraud untraceable|
Sum Up for Online Casino Payment Methods
For you to enjoy your time at an Indian casino site, it is vital to choose the best banking option that fits your gambling needs. One good starting point will be going over essential aspects that make an excellent payment method. That means you should not compromise on processing speed, convenience, superb security, minimal charges, good support, and so on.
You can check if other Indian residents have positive or negative things to say about these criteria. Or follow our steps and recommendations made after thorough scrutiny and research on each payment method.
After going through our page, you will find the best payment methods for online casinos. Don’t hesitate to register and start playing.