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BANKING METHODS IN INDIA THAT I RECOMMEND

Depositing into online casinos, sportsbooks and lotteries in India can be hard to do. This is because the Reserve Bank of India (RBI) tries to vet all online banking transactions.

If the RBI identifies an online gambling transaction in India they tend to try back the transaction. As a result this makes trying to deposit into online casinos in India a little more troublesome.

A good online gambling site will offer its Indian customers a wide variety of online banking options. This will increase your chances of being able to successfully deposit into your favourite online gambling site because you have more options to try.

This article will explain all the popular banking options that are available to you as an Indian customer and what ones work best for online gambling.

WHAT BANKING OPTIONS SHOULD I LOOK FOR?

Online gambling sites in India tend to offer the same online banking options that you will find at other online gambling sites across the world. The only difference between these banking options used globally is the preference that Indian customers have on them.

Below I have listed the most popular banking options available to Indian customers. It is important that before you register with an online gambling site that you make sure one or more of these banking options are available to you.

Mobile Payments

This method of depositing is easy and safe. Unfortunately not every casino offers this method of depositing although it is growing in popularity. 

Bank Transfer

If an online gambling site offers immediate payments services (IMPS) and free deposits then the option of bank transfer works well. 

E-Wallets

This option is popular throughout the world and not only India

Credit/Debit cards

Although this option is extremely popular and the easiest for Indian customers, it can also be the most troublesome. I’ll explain later why. 

Cryptocurrency

This is still a relatively new method of deposit and not supported by all online gambling sites. It is definitely the most secure method of depositing but only useful if you own cryptocurrency. 

TOP BANKING OPTIONS FOR INDIA

Here is a list of the top banking options available at some of the leading online gambing sites.

  • Paytm
  • VISA/Mastercard
  • AstroPay Card
  • Cryptocurrency
  • Online Bank Transfer
  • Skrill
  • Neteller

Not every online gambling brand will offer all these banking options. As a result you need to decide what option  you want to use first. Then you need to find an online gambling site that you like that offers it.

To help you further here is some more information about each of the banking options listed above.

PAYTM

PAYTM-BANKING

PAYTM is an Indian digital banking platform which allows to transfer cash into its integrated wallet. You can deposit into PAYTM by online banking, debit/credit cards or by depositing cash via selected banks or other partners.

PayTM is the most popular Indian digital banking platform. Once your PAYTM wallet has been topped up with funds you can use this to securely deposit into an online gambling site.

Details about PAYTM

  • Processing time: Instant
  • Transfer fees: No fees
  • Minimum deposit: No minimum
  • Maximum deposit: Rs. 5,000 per transaction
  • Online gambling site that offers PAYTM: 1x2Bet

VISA / MASTERCARD

VISA-MASTERCARD-BANKING

When making purchases online, credit and debit cards are probably the most popular banking option in the world. Therefore, it is expected that they would be offered by online gambling sites throughout the world and in India.

In India it’s a known fact that Indian players often experience problems when they want to make a deposit with a visa or mastercard. Some card companies don’t like processing online gambling related payments and will block these if they identify them

Details about Visa/Mastercard

  • Processing time: Instant
  • Transfer fees: No fees
  • Minimum deposit: No minimum
  • Maximum deposit: Up to 35 lakh rupees
  • Online gambling site that offers Leo Vega, Rizk

ASTROPAY CARD

ASTROPAY-CARD-BANKING

Astropay cards are prepaid cards that any Indian customer can buy and use. Once you buy your Astropay card online you can use it on a number of different online gambling sites to deposit.

To buy the Astropay card all you have to do is pay online using a method like PhonePe, Airtel, Freecharge or Google Pay. Once you do this your Astropay card will be ready to use straight away.

All you need to do then is pick your favourite online gambling site, register and deposit. It is that easy. 

Details about Astropay card

  • Processing time: Instant
  • Transfer fees: No fees
  • Minimum deposit: No minimum
  • Maximum deposit: Up to Rs. 70,000
  • Online gambling site that offers: BET365. Royal Panda

ONLINE BANK TRANSFER

Although not every Indian person has a bank account, online banking is growing in popularity for those that do.

It is important that you only use the online bank transfer as an option if the gambling site offers Immediate payment services. Then making a deposit with online bank transfer is very straightforward to do.

Details about online bank transfer

  • Processing time: Instant
  • Transfer fees: No fees
  • Minimum deposit: No minimum
  • Maximum deposit: No limit
  • Online gambling site that offers: BET365. Betway

SKRILL

SKRILL-BANKING

Skrill is one of the most popular e-wallets in the world. It is used as a banking option on many online sites, but the majority of people use it to make deposits and withdrawals on gambling sites.

Pretty much every gambling site offers skrill as a banking option and therefore it is one of the leading payment options for Indian customers.

To use Skrill all you need to do is sign up Skrill and add funds to your Skrill e-wallet. You can do this by topping up your account using your debit/credit card or other payment options.

The only downside to using Skrill is that you will be charged for receiving funds. That means every time you withdraw to your Skrill e-wallet you will be charged a fee. 

Details about Skrill

  • Processing time: Instant
  • Transfer fees: 1.35%
  • Minimum deposit: No minimum
  • Maximum deposit: About 25 lakh rupees
  • Online gambling site that offers: BET365. Leo Vegas

NETELLER

NETELLER-BANKING

Neteller is very similar to Skrill and is actually owned by the same company that owns Skrill.

In order to use Neteller you need to create an account with them and top up your e-wallet. Once this is done you can then use your e-wallet to deposit into your favourite online gambling site in India. 

Unlike Skrill, Neteller charges you a small fee everytime you deposit or withdraw. If this doesn’t bother you then Neteller is a very trustworthy site. It is used by millions globally to fund their online gambling accounts. 

Details about Neteller

  • Processing time: Instant
  • Transfer fees: 1.35%
  • Minimum deposit: No minimum
  • Maximum deposit: About 25 lakh rupees
  • Online gambling site that offers: BET365. Leo Vegas

CRYPTOCURRENCY

CRYPTOCURRENCY-BANKING

Cryptocurrency is a relatively new banking option in the online gambling industry. It is by far the most innovative way you can deposit and withdraw on an online gambling site but not every operator offers it as an option.

A cryptocurrency is similar to any other fiat currency such as Indian rupees as an example. In order to be able to deposit using cryptocurrency you must first buy cryptocurrency on a cryptocurrency exchange such as coinbase.

Once you own some cryptocurrency you can then transfer it from your cryptocurrency wallet to your online gambling wallet if it supports cryptocurrency transfers. 

Details about Cryptocurrency

  • Processing time: Instant
  • Transfer fees: No fees
  • Minimum deposit: No minimum
  • Maximum deposit: No limit
  • Online gambling site that offers: Stake.com, BET 365.

Important Things to Remember Before You Deposit On an Online Gambling Site

When you are choosing an online gambling site to deposit and play on in India you should always review the security levels and extra safety features on offer.

All the leading online gambling sites will be fully encrypted using SSL encryption. SSL is a security protocol that creates an encrypted connection between a computer and a Web server.

It is basically a  series of steps that the browser and the server agree upon that set up the encrypted connection. This helps make sure any online transactions with the site are secure. 

Remember some of the online banking options I have spoken about charge some fees. It is important before deposit at an online gambling site that you are fully aware of any potential fees on both deposits or withdrawals.

Most online casinos will have and FAQ section on site that will detail this information or it may be available in the terms and conditions. Alternatively you can speak to customer support at the online gambling site you want to play at and ask them to share details around any potential payment charges. 

Once you find an online gambling site that you like and that offers your chosen banking option then all you need to do is register, deposit and claim your welcome bonus. 

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