If you are playing for real money at an online casino, you will need to employ a good payment method that you can use with confidence that you are using the best option for your needs. In this guide, we will take you through the different types of payment methods available to you and assist you in your decision.
What works best for you will depend on your tastes, so finding the best payment options can sometimes be difficult and a bit frustrating. The most common payment methods available, how to use them, and the things you should consider before choosing a payment method are all covered in this guide.
Making a deposit is one of the first steps you must take after registering an account at an online casino. When you want to play for and win real money, you need to wager or bet, with real money.
Depositing money into a casino account is similar to paying for services online or shopping online. It works the same way you transfer money from your bank account into the casino account.
The payment method options available to you will depend on the online casino you register at an online casino. These same payment methods are used to withdraw money from the casinos.
Choosing a Payment Method
Choosing the Best Payment Method
One of the most crucial aspects for all sorts of casino players at an online casino is the ability to deposit fast, effortlessly, and safely. The casinos provide a wide range of alternative deposit methods; some are deposit-only, while others let you withdraw your profits back to your original mode of payment.
The number of options available can be confusing so here, we hope to break things down for you and give you the information necessary to make an informed decision.
Bank Cards
Bank Cards
Most people have some kind of bank card, and chances are you have used one to make online payments in the past, such as when you made an order from an online retailer or paid an account. Bank card payments are convenient and offer high levels of security, and as such is the payment method almost all casinos offer.
With bank card payments, there are no third-party businesses or applications involved; the money is transferred directly from your bank account to your casino account. It is important to keep in mind that due to India’s complicated gambling laws, some banks may not allow payments to or from an online casino.
Debit Cards
The most popular method of paying with a bank card right now is using a debit card, which operates exactly like any other online transaction. You can use your debit card as long as your bank permits purchases linked to gambling, you have enough money in your account, and your particular card is accepted by the casino of your choice.
Credit Cards
This is a common option among gamblers but there are some banks that will not allow you to use your credit card. Furthermore, some countries are changing legislation to ensure that people cannot fund a casino account on credit. This is because problems such as uncontrolled debt and gambling addiction can develop easier when funding your account with credit cards, so it’s important to always exercise self control.
Bank Wire Transfers
Bank Wire Transfers
By exchanging your account information, bank transfers, also known as wire transfers, allow you to move money straight from your bank account to the casino’s bank account. Banks take great efforts to protect these transactions so that your information and money are secure.
Since neither you nor the recipient needs to have any special accounts or use specialized technology or payment equipment to make the transfer, wire transfers are often used for all types of payments.
It’s one of the easiest and clearest online payment options now accessible to enthusiasts of online gaming. Netbanking is an example of a bank wire transfer.
Instant Bank Transfers
Instant bank transfers are now largely employed in Scandinavia and a few other European nations; Asia is still waiting for future advances, although it is probable that they may be around soon.
Trustly, iDEAL, and Giropay are a few examples of quick bank transfer services. They enable and expedite normal bank transfers so you may have the same security without having to wait up to 7 days for your deposit or withdrawal to show up on your casino account.
Prepaid Cards & Vouchers
Prepaid Cards and Vouchers
Prepaid cards allow for fast and secure deposits at gambling sites, while also charging very little transaction fees. However, prepaid cards and vouchers can only be used for deposits and you will have to find an alternative when withdrawing from the online casino.
E-Wallets
E-Wallets
Some of the most popular payment methods at online casinos in India are e-wallets. These online tools allow you to store money and access it whenever you want without having to provide your card or bank details each time you make a purchase.
To use an e-wallet for financial transactions, you must link a bank account to the account you create with it, which is password-protected. Then, to make payments to online casinos, you simply need to provide your email address and password; no additional personal information is required.
Phonepe
Paytm
WeChat
RuPay
Go-Pay
Skrill
Neteller
NeoSurf
AstroPay
Apple Pay
Cryptocurrency
Cryptocurrency
It’s not surprising that more and more online casinos are starting to allow deposits and withdrawals made using cryptocurrencies as they provide safe, quick, and nearly anonymous payments. Many Indian casinos now accept cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash as payment methods.
An application that serves as a wallet for your cryptocurrency is known as a cryptocurrency wallet. Everyone can access the blockchain thanks to modern bitcoin wallets. When cryptocurrencies initially appeared, transmitting them involved keying in lengthy codes manually.
Most of it is now done for you by software. Applications running on PCs or mobile devices like phones or tablets are known as cryptocurrency wallets. They connect to the blockchain network for the cryptocurrency you’re using over the internet.
Important Aspects to Consider
Important Factors to Consider When you Choose a Payment Method
Security factors: Although the licensed online casino will have security measures in place, it it still important that your payment method also provides high levels of security.
Fees: Some payment methods will charge you a fee for depositing or withdrawing from an online casino. The best online casinos in India should not be charging you fees.
Waiting times: Some methods will take longer than others to reach your casino account. This is also true when withdrawing money from the online casino
Deposit limits: Deposit withdrawals may be enforced on certain payment methods.
Verification Requirements
Know Your Customer (KYC)
Know your Customer or KYC, is a process that all online casinos must adhere to. If you are transacting with a banking institution, such as bank transfers or credit cards then this will definitely be enforced, as well as some other option, depending on the casino and its license.
KYC means that the casino must have proof of your identity, address, banking details and possibly some other information, in order to pay you out your winnings.
While some players consider this a delay tactic by the casino, it is in fact required by law. If you are playing with cryptocurrency, however, the chances are that you will not have to provide this information.
It is best that you start this process when first registering, as it can take a few days to be approved, which can delay the process when making withdrawals. The process only has to be done once.
Depositing Money at an Online Casino
Depositing Money at an Online Casinos in India
1
Register at, or log into your account and make your way to the payment menu.
2
Select ‘My account’ or ‘Deposit’.
3
Select your preferred mode of payment.
4
Complete the required account details.
5
Fill in the amount you want to deposit.
6
Complete the transaction by confirming.
7
Confirm the deposit with your payment method provider, usually via message or email.
Withdrawals at an Online Casino
The nicest thing about online casino payment methods is winning!
The steps involved when withdrawing money are similar to making a deposit. Don’t forget that you may have to complete the KYC process before the casino will release your funds.
When you are logged in, go to the payment option in your online casino account and choose “Withdraw.”
Select the prefered payment method, sometimes you’ll have to verify your identity.
Enter the necessary information and the withdrawal amount of your choice.
As soon as you confirm your payment, watch for it to appear in your personal account.
Legality of Online Casinos in India
Legality of Online Casinos in India
Even though it is entirely legal to access offshore casinos in most states in India, one of the biggest issues is the inability to make deposits and withdrawals from the websites. Signing up is great, but what good is it if you can’t deposit in your desired currency and method?
Sometimes it might be difficult to make deposits at offshore casinos, but this is because some Indian banks restrict money transactions to and from gaming websites.
With this being said, the following methods are used successfully by many Indians. The most popular include:
Netbanking – The top online casinos in India let you to finance your casino account using your preferred method, such as NEFT or RTGS, thanks to Netbanking payments. Being one of the slowest means of payment, keep in mind that it may take a few hours for deposits to appear in your casino account.
Skrill – The most popular and secure e-wallet for real money gaming deposits is Skrill. Deposits to your casino account are fast when the simple installation and setup process is complete.
PayPal – PayPal allows you to make payments via mail, phone or online methods. Once you’ve funded your secure PayPal account, you can make deposits, claim bonuses and withdraw winnings at your favourite Indian online casinos.
Crypto – One of the quickest and safest ways to make payments at online casinos are using cryptocurrencies. Many of India’s top online casinos also take Litecoin and Ethereum in addition to Bitcoin. If you want to gamble safely and anonymously this is a great choice.
Visa – To guarantee that Indian gamers have a secure gaming experience, Visa uses verification techniques like 3D security.
Javi P
