Casino Payment Methods in India (2023)

List of the Best Indian Casinos Accepting a Variety of Payment Methods

What Types of Casino Payment Methods Are There?

Typically, beginners find it very difficult to understand the different deposit methods available to them. They fail to figure out the best and quickest way to deposit money and get started with fun casino gaming. Additionally, since every payment method comes with a number of advantages and disadvantages, choosing an ideal method becomes no less than an uphill battle.

All the casino payment methods can be classified into several popular categories, based on the technology they use and how they function.

Pre-Paid Cards

This is one of the most used payment methods by Indian players that allows them to deposit money with the convenience of a debit or credit card. What’s important here is to note that these are pre-paid cards. So, you will have to buy the cards, get them prepaid with enough amount and then use them to deposit the fund. Once you have deposited the money in your online casino account, the pre-paid card will work like a regular debit or credit card.

E-Wallets

Owing to their convenience and simplicity, e-wallets such as PayPal, Skrill, and Neteller, are becoming very popular among the Indian players. The best part about this deposit method is that the transactions are very quick and are completed within minutes most of the time. These wallets allow people to deposit money in a range of currencies, which also includes the Indian Rupee. Not just this, e-wallets come with currency conversion benefits that facilitate borderless transactions, without any government interference or control.

Hence, without any doubt, you can use e-wallets as your ultimate depositing method. These are:

• Safe and secure — While depositing funds, e-wallets offer complete privacy and security. None of your data is disclosed or shared with third parties and you can even check the transaction history.
• Reliable and quick — E-wallets offer reliable and quick payment solutions round-the-clock. Even if you are a beginner, you won’t feel any problem using them.

Mobile Payments

In recent years, mobile online casinos and mobile payments is gaining popularity. However, it is just in its early stages of development. Hence, you may not find this option in all the casinos online. If you prefer this deposit method, do check with the casino beforehand.

Since 2003, Boku is one of the most favored mobile payment systems that allow you to deposit money without using a debit/credit card or an e-wallet. Another mobile payment options that you can consider, include Zimpler and PayForIt.

Bank Wire 

This deposit method is one of the most preferred options as it allows for quickly depositing the funds often with a small fee. This additional fee might disappoint you, but, if you have a huge amount to deposit, this can be the best way out for faster and safer payments. The money gets transferred to the casino’s account electronically from your account (i.e. the user’s account).

While depositing funds through this method, you need to keep a few tips in mind. For example, you must inform the bank for depositing money using the bank wire method. To quickly complete the transaction within 24 hours or 5 days, do keep a note of the BIC and IBAN codes.

Debit Cards 

This payment method is very popular for its ease and speed of transaction. All the best online casinos accept cards, such as Visa, Laser, Maestro and Switch. This also implies that your transactions are protected by the security features offered by the renowned banking providers. Further, it should be noted that casino sites accepting debit card as deposit method also offer other benefits, for example:

• Security of funds
• Extensive range of games
• Real cash bonuses

Having said that, it might be difficult to use a debit card for direct payment of the deposit amount to the casino’s account. This is because some banks in India are very conservative about allowing transactions to online casinos or gambling sites. Hence, you need to check whether or not the bank from which the debit card is issued allows for such transactions.

Cryptocurrency 

Cryptocurrencies like Bitcoin is a widely used deposit method accepted by most of the casinos. This deposit method allows a player to speed up his payment time and that too with no or a very minimal transaction fee. Hence, within just a few minutes, you’ll be able to make deposits with ease of use, increased transaction speed, and improved level of security.

Most Popular Payment Methods in India

There is literally a number of payment methods available for Indian online gamblers. Seeing such a wide range of payment options, sometimes make it tough to choose. We have prepared the list of payment methods that are suitable for an Indian casino player. So, take a look at the payment options mentioned below and choose what suits you the most.

• PayPal — PayPal is an online financial tool. With PayPal, you will be able to make transaction on websites, without having to put in your card details. You just simply link your credit/debit card to PayPal and make payments super easy.
• Skrill — Since 2001, Skrill has been for front runner and one of the first online bank account wallets which you could have had access too. It works the same was as a bank, but just online and your able to transfer funds and make payments in a matter of seconds.
• Paytm — Paytm is another online wallet which allows you the easily top up your funds and transfer funds. You can simply top up your finds using UPI, internet banking or credit/debit cards.
• UPI — UPI, which stands for Unified Payments interface, essentially gives you the ability to combine multiple bank accounts into an app and make close to immediate transactions.
• Neteller — Neteller acts as an online wallet, and once set up, you can simply pay for things online by simple putting in your email address and password.
• Paysafecard — This is not a bank account. It’s a pre-paid system where you can pay for items online through vouchers by using a 16-digit code, which you will receive via email.
• AstroPay — Essentially works the same as other online wallets. AstroPay is another online wallet which gives you a perfect solution for those who can’t access an international credit card due to a bad credit score.
• Zimpler — A mobile payment method which allows you to transfer funds into other accounts with ease. You can deposit into your Zimpler account through a bill or card payment option.
• Pay By Mobile Phone — Mobile phone payments are more common in Africa and India rather than Europe. It’s the ability to top up an account using the credit that you have on your mobile phone.
• Trustly — This is an online payment facility which allows customer to pay for items and other things online using a card or app. This can all be accessed via the app on a smartphone.
• Boku — Another mobile payment processing company where you can charge certain items and good to your mobile number. You would have to make sure you’re the bill payer and that your service manager allows it.
• Mastercard — A financial services business, Mastercard is internationally recognised as a leading bank. You can gain Mastercard cards, by applying through your bank or online.
• VISA — An electronic account which facilitates funds from one account to another in a very rapid paced time period. You can top up your account through another bank, or even get a salary into it.
• Maestro — Basically, a brand of credit cards or a spin off on debit cards, issued by Mastercard themselves. They act as prepaid cards and can be topped up and given to other people as gifts, similar to a voucher.
• American Express — One of the longest lasting financial servicing companies in the world. Acting as a bank account, you can claim your card online and top up whenever you like once verified and make payments all around the world.
• Google Pay — A payment services which allows you to make transactions and make payments for things online with no fuss. Receipts are sent via email, and you can track all your in and out going funds easily.
• Apple Pay — Similar to Google Pay, just a different brand. Make all your payments and online transactions through your mobile and the app. You can even add extra cards on to there to make multiple payments options.
• WhatsApp Pay — An in-chat payment system which allows you to send funds to other people who are in your contacts who also have WhatsApp.
• Bank Transfer — A bank transfer, which can also be referred to as a Wire transfer, is the simple process of transferring funds from one bank account to another, electronically.
• ecoPayz
• MuchBetter

Law Regarding Payment Methods in India

Yes, there is a law regarding payment methods in India and that is the Payment Settlement and Systems Act.

This act grants the Reserve Bank of India (RBI) the authority to vet all forms of electronic payment. This includes prepaid cards and services, credit/debit cards, e-wallets and more.

RBI has the right to deny any sort of online transaction.

There are no specific guidelines when it comes to online gambling payments in India. As RBI’s main focus is on illegal operators and large businesses, not individual residents, but yes, you should still take it into consideration. They can make online gambling extremely difficult when it comes to payment methods, but they are yet to enforce the full extent of their authority.

Final Thoughts on the Casino Payment Methods in India

In this fast-paced and globalised world, you will find a significant number of online payment methods for web-based casinos. All of the payment options are secure and legal. But the most preferred and suggested method of transferring funds, withdrawing and depositing are mentioned above.

The Internet, as we all know, is the most vulnerable place, so it’s your responsibility to protect your privacy. And that’s why safe online money transfer is the topmost priority of the previously mentioned payment companies.

So now it’s up to you to choose the best payment method for yourself. Done? Now, let’s gamble and make a fortune out of it!