As important it is to choose the online casino operator, finding a secure mode of payment is equally important. It is one of the most crucial steps as it involves depositing of your money and withdrawing of your winnings from and to your web-based gambling accounts.
This is how you can deposit a small amount of money to enjoy bonuses such as welcome bonuses and free spins and transfer back your winnings. But the question is what payment method, you should go for?
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 online gambler. So, take a look at the payment options mentioned below and choose what suits you the most.
If you are looking to make a safe, quick, and convenient casino payments, then Neteller is the right payment method for you. It is a popular e-checking system used by the increasing number of Indians to make online purchases, do business, and make deposits & withdrawals at online casinos or gambling sites. INR (Indian Rupees) are accepted, so you don’t have to worry about the financial transactions. Not only Indians but gamblers around the world are loving this payment method as you can withdraw your money within an hour using the Neteller debit card at any ATM.
This is a premier online e-wallet for slots, blackjack, baccarat, roulette, and other casino games in which you wish to deposit or cash out your winnings. This Paysafe Financial Services Limited owned e-wallet is the most trusted and widely used e-wallets for deposits and withdrawals at web-based casinos. All the experts and online gamblers have recommended Neteller as a safe and secure payment method across India.
Unified Payments Interface or UPI was launched in 2016 by the state-owned organization namely, National Payments Corporation of India or NPCI as an instant real-time payment system. This organization regulates India’s most digital payments and facilitate inter-bank transactions. It is a much faster mode of payment as it facilitates the instant transfer of funds between two bank accounts through mobile apps.
This payment option is regulated by the RBI (Reserve Bank of India) and IBA (Indian Bank Association), so it is completely secure. To use UPI’s service, you need to create a VPA (Virtual Payment Address) of your choice and connect it to your bank account. UPI works by immediately transferring the funds from your bank accounts to the online casino provider’s bank account and vice versa. All these transactions are safe and are highly accessible as you can use them on your mobile phones. Also, you don’t need to remember any other details such as IFSC codes, and beneficiary account number.
PayPal is an American company that was founded in December 1998 with the purpose of facilitating online transactions all over the globe. This payment service allows people to transfer the funds electronically between businesses and individuals. You can use it on your Android and iOS devices as PayPal launched its updated app in 2013.
This payment method is an online alternative to traditional payment methods such as money orders and checks. Indian gamblers often use it for making deposits and withdrawals at online casinos. Now you will ask, why so? It’s because PayPal is a convenient, safe, and quick payment system. Another reason for its popularity is that it allows secure payment online with 24×7 fraud prevention and utmost protection.
Skrill is an online payment platform that allows fast and secure transactions of money to your bank account. It offers free or low-cost international money transfers, which is one of the reasons for its popularity. This payment method is used by millions of people across the world as its convenience, confidentiality, and swiftness build trust in the users.
Indian web-based gamblers do use Skrill as a payment option. It is 100% legal in India and is safe to use for an Indian online casino player. You can fund your gambling accounts with this Skrill Limited owned payment method. Skrill does operate in INR, which means you don’t need to worry about currency exchange charges, and you can focus more on the game.
You might be surprised to see this payment method on our list. As many of you might be using Airtel’s network or broadband to read this. Well, yes Airtel has grown over the years and its Airtel Money feature is one of the newest payment methods which is also accepted by online casinos in India. Already many of you Airtel users know how trustable it is. As with its network, Airtel provides the same security for online transaction and that’s why its popularity is growing as an online payment method, not only in India but across many countries.
This subsidiary of Bharti Airtel is growing popularity in the online gambling world. More and more Indian gamblers are using Airtel Money to deposit and withdrawal money into their gambling accounts. It is secure and already has proven that it is trustable. You can now use your network provider as your payment method.
Bank transfer is one of the easiest and convenient methods to transfer money from your account to an online casino provider’s account and vice versa from the comfort of your couch. If you have availed an online banking service, then you are in for a treat as you do not have to visit the bank to transfer the funds. Many organizations and individuals are using this type of payment method for online transactions.
Nowadays, the online gambling industry is also using bank transfer widely as a payment and withdrawal method. This is good news for all the online gamblers that were not comfortable with using E-wallets and credits and debit cards. Bank transfer has revolutionized payment methods in online gambling as it ensures hassle-free transfer.
Now that you know various payment methods available for Indian online gamblers, its time you learn about some of the laws regarding it. Also, we have prepared a list of top online casinos in India and their accepted deposit methods.
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.
Top Casino Payment Methods
You already know the right and the best methods for depositing money at an online casino. It’s time to figure out the most reliable casino sites in India and their accepted modes of payment:
- Airtel Money Casinos
- UPI Casinos
- Bank Transfer Online Casinos
- Neteller Casinos
- PayPal Casinos
- Skrill Casinos
All the online casinos mentioned above are popular in India and are secure because they are licensed by recognized authorities. All you need to do is to opt for the best method, so as to qualify for casino bonus offers.
In this fast-paced and globalized 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 payment companies mentioned above. 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.
Frequently Asked Questions
Online casinos have adopted a broad range of payment methods for deposit and withdrawal of funds. Some of the top payment options are Neteller, Paypal, Bank Transfer, UPI, Skrill, Airtel Money.
When selecting a payment method, make sure it is secure, trusted, and approved by high authorities. Besides this, the method must be easy and comfortable to use.
Yes, online casinos need to verify your transactions. You can use Adhaar or passport as identification for verification.
All the payment options listed above are known for the safety and security of the users. However, different payment options use different methods to ensure the security of user data while effectively preventing cyber frauds.
Generally, E-wallets are the fastest mode of making transactions. Using E-wallets, you can instantly transfer the funds to your casino accounts. The most popular options include – Paypal, Skrill, Neteller, and Airtel Money.
All online casinos that accept IMPS deposits allow the withdrawals to a bank account.
Generally, online casinos pay the winning back into the methods used to deposits the funds into the casino account. The most popular and convenient methods to receive the winnings are e-wallets and debit card.
Yes, it is absolutely legal to use Paypal as a fund deposit method for online casinos. Besides, the method is also suitable for withdrawing the winnings.
Top online casinos accepting Skrill are – Voodoo Dreams, Betway, Royal Panda, LeoVegas, Casumo, Betwinner, Wildz, and Pure Casino.
First, log in to the account. Second, click the cashier option. Third, choose the preferred payment option. Four, enter the required payment details. Lastly, deposit the desired amount.