Are you an Indian player and are you wondering how to deposit money into an online casino or betting site? Then read this article! Since many banks do not accept casino transfers from Indian players, it can be challenging to get your money to and from betting sites. However, once you know the options available, it will be very easy to deposit and withdraw from any betting site.
Most of the bookies we recommend for players in India have customers from all corners of the globe. Usually, they will have dozens of options, if not more. This is to ensure that all players will be able to deposit funds and receive their winnings in a safe, reliable way. Still, it can be hard for an Indian player to find the right way to deposit into an online casino. Many Indians do not possess a bank account, which is one obstacle of course. However, the main obstacle is that most Indian banks will not process payments to and from online casinos.
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We designed this guide to help Indian players find the right payment option for their needs. We will talk about the easiest banking methods, as well as some less common methods.
Credit Cards and Debit Cards
Credit or Debit cards such as Visa, MasterCard and American Express are some of the most widely accepted payment methods all over the world. You can use them to pay or withdraw money anywhere. You can make online purchases and deposit money to your casino account. Almost all casinos accept these methods and deposits are usually free.
This payment method has nothing but advantages it would seem. However, there is one issue. Most banks do not accept transfers (including credit cards) to and from online casinos. So there is a good chance that the bank might block your initial transfer or block a withdrawal from your bank. This is why most Indian casino players are turning to e-wallets instead.
E-wallets: PayPal, Neteller, Skrill, MuchBetter, Sticpay, EcoPayz and more
E-wallets have been around since the late ’90s. PayPal is undoubtedly the oldest and most famous. Originally a way for people to send money between PDA’s, it was adopted by eBay, making it a recognized payment method all over the world. Later, more e-wallets were added, and the past few years, many e-wallets have been designed specifically for online gaming and casino.
PayPal is the most widely used e-wallet. However, most casinos do not accept PayPal. Luckily, there are other options, as well as a few PayPal casinos.
Neteller and Skrill
These two e-wallets are very similar. They both charge similar fees (1% to 5%, depending on the type of transaction) and they are both very widely accepted. You will find this payment option in almost any casino website online. Also, we have in-depth review of both: Neteller & Skrill.
This e-wallet is becoming increasingly popular and every day, more casinos are accepting it. Its fee structure is similar to Neteller and Skrill. You can also use it as a cheap way of sending money internationally.
MuchBetter and Sticpay
These e-wallets were designed explicitly with casino players in mind. Players from all over the world use them for online games and online casinos. Read more about MuchBetter here.
Many e-wallets, including Neteller, Skrill, MuchBetter, Sticpay and EcoPayz also offer a card. This is a debit card with sixteen numbers from Visa or Mastercard. That way, you can use your e-wallet for many things besides just online casino.
Prepaid Cards: Paysafecard, AstroPay, EcoPayz Card
One easy way to pay at online casinos is with prepaid cards. Prepaid cards come in physical versions, which you can buy in cash, and virtual versions, which you can buy online. All these cards have one thing in common. They can be bought for a fixed amount, and usually cannot be topped up. If you need more funds, you can simply buy another card. These cards work similar to credit card, in that they have a unique 16-digit number, an expiry date and a CVV code.
Paysafecard is a card you can buy at various offline locations. You can pay by cash, or with other payment methods. There is also an online version. Paysafecards are not issued in India, however, there are resellers here in India. This can be a good way to transfer cash to an online casino.
AstroPay is a virtual card which you can buy from the AstroPay website. It is available in both INR and USD. You can put up to ₹70,000 on one card and you can buy up to 7 cards at once.
EcoPays Prepaid Card
Besides the Ecopayz Debit Card, you can also choose an EcoPayz Prepaid Card. The card is available in USD, GPB, and Euro. You can put up to 700 Euro on one card. Make sure you have an EcoPayz account first.
Cryptocurrencies: Bitcoin, Ripple, Ethereum and more
Since Crypto became popular, about five years ago, Bitcoin casinos have sprouted up all over the world. Many established casinos have also begun accepting various cryptocurrencies, with some (such as 1xBet) accepting up to 40 different ones. If you are into crypto, getting around India’s banking bureaucracy can be very easy. If you are a casino high roller and want to avoid any fees or taxes, crypto might be worth looking into.
Conclusion: the easiest payment method for Indian Casino Players
If you are a casual player that like casino or sports betting, the easiest solution will be to open a Neteller or Skrill account. These are still the easiest to use payment methods, and the most widely accepted. Follow these steps:
- Open an account with Skrill or Neteller
- Transfer funds to your Neteller or Skrill account with your bank account or credit card
- Choose the best online casino or betting site (our reviews will help!)
- Make a deposit with your Neteller or Skrill account
- Get your bonus
- Start playing or place a wager
- (Alternatively, you could choose a PayPal casino.)
We wish you the best of luck and hope this article helped you find the right payment method for your casino needs.