Payment Methods Accepted at Indian Online Casinos
If you are a gambling fan and want a go at online casinos, wait before you register on a new platform! While your first priority may be game selection, the second most significant feature is the kind of payment methods the platform accepts. A good gambling website must have efficient payment solutions to retain its players as well as attract new prospects. Here are some of the top payment methods available at the online casinos in India.
Debit or Credit Cards
Online banking transactions have made fund transfers quite easy and have replaced the need to visit a bank, wait in a line to make transactions. One of the most common payment methods by Indian Online Casinos are debit or credit cards, through which the players can instantly deposit real money into their online casino accounts without an additional charge or commission. Even though the deposits are instant, the withdrawal process may vary from 5- 10 days. The most common cards used by Indian people include Amex, Visa or MasterCard.
The second best mode of funds transfers is E-wallets that enable all kinds of bill payments, mobile recharges and funds transfer. E-wallets have gained a lot of popularity over the last few years owing to their private and secure transaction process, and are expected to continue on their growth path in the times to come. Given an additional protective layer that covers the risk of a cyber-crime, E-wallets have become a common mode of payment in India today. Here’s a list of some of the best and most popular e-wallets in Indian Online Casinos.
▪ PayPal: needs no introduction. A popular payment method that’s been used by millions of people across the globe for several purposes that also include funding of their casino account, in India too, there are numerous online casinos that accept PayPal.
▪ Neteller – makes transactions quick and easy for its users, allowing them to deposit money in a range of currencies, including INR. Such portals also come with currency conversion benefits that offer seamless transactions without any government intervention or supervision.
▪ Paytm – is one of the best digital payment methods in the country and one which is used by Indian online casinos for deposit and withdrawal of funds. Owing to its simplicity and convenience, Indian players are now using PayTM for online casinos.
▪ Skrill: is yet another popular payment method used in Indian online casinos
Another common payment method is through Bank Transfer, in which funds can be directly transferred from the player’s bank account to the player’s casino account, albeit a bit slow that may also involve a processing fee with each transaction. This method is not entirely digitally safe and hence may require multiple secure authentications.
Cryptocurrency is one of the fastest spreading methods of payment used by the Indian players for transacting at online casinos. Bitcoin and Ethereum are the usual options at online casinos and involve a method that allows players to speed up their payment time with or without a minimal transaction fee at an improved level of security.
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