If you’re thinking about starting an online gambling account, you’ll need to choose a banking method that provides fast and secure transactions. With so many options out there, finding a provider that you are comfortable with can be difficult. Read on to discover the best online casino banking methods in India.
Indian players have a wide range of secure and reliable online casino payment methods to choose from. The most popular and widely accepted providers are Visa and Mastercard, but players can also use e-wallet options such as Paypal, Skrill, Neteller, MuchBetter, Kluwp, and DevCode Card.
How to Withdraw and Deposit Funds in Online Casinos
Once you’ve started your online gambling account, you will need to make an initial deposit. Go to the cashier section and choose a deposit method. Most online casinos require a minimum deposit amount to be made and will accept a wide variety of payment methods.
Using an online casino with fast withdrawals will mean that you can get your winnings sooner. Cards like Mastercard and Visa and e-Wallets like Paypal or Skrill are widely accepted. Watch for minimum withdrawal limits. Casinos usually require players to use the same banking method when withdrawing and depositing funds.
It’s important to check whether the online casino accepts your preferred banking method. Players should take note of minimum withdrawal and deposit limits. Fees are usually paid by the casino, but players are advised to double-check the terms and conditions. Deposits are instant, withdrawals can take 1-5 days to process.
Explore India’s Online Casino Banking Options
Indian online casinos generally allow players to use the most popular worldwide banking methods. Players can opt to pay for their games at an online casino with Visa and Mastercard, direct bank account transfers as well as a range of eWallet options, including some homegrown apps!
You’re not just restricted to using normal banks when gambling online! eWallet options are becoming increasingly popular amongst India’s online gambling community. For many players, the speed and convenience of using an online casino with Paypal and other such providers is preferable to traditional banking methods.
Transferring funds to and from an online casino is safer than ever. All electronic payments in India are overseen by the Reserve Bank of India (RBI) via The Payment Settlement and Systems Act. Online casinos utilise the latest technology to provide players with secure ways to enjoy online gambling.
Find the Right eWallet Option
Online e-wallets are a great way to deposit and withdraw funds when using an online casino. These providers are widely accepted by many Indian online casinos and offer users fast transaction processing times and a high degree of security. We’ll go on to describe some of the more popular options.
Skrill, Neteller, and Kluwp are all common e-wallet options for dedicated gamblers and gamers. Playing games at an online casino with Skrill and other e-wallets is safw, simple and super fast. Many providers, like Skrill offer free services that users fund by Maestro card or bank transfer.
Regular users of eWallets consider them to be a faster and more convenient and secure way of transferring funds. Their speedy processing times and security measures make them ideal for online gambling. Although some providers may not be recognised by all online casinos, the majority of eWallets are readily accepted.
Pros and Cons of Using e-wallets
Why use an online casino with Neteller or other e-wallets?
• Fast transaction processing
• High level of security
Drawbacks of using e-wallets for online gambling
• Not all providers are accepted
• Processing fees may be charged
Using an Online Casino with Kluwp
Do you know about Kluwp? It may have a funny name that’s hard to pronounce, but Kluwp is fast becoming a widely recognised and accepted payment system with users throughout the world. Kluwp uses the very latest technology to process payments to and from online casinos throughout India.
Gambling at an online casino with Kluwp is surprisingly simple. Kluwp is basically a pre-paid card that is accepted for deposits or withdrawals by many online casinos. Kluwp uses a “close loop” voucher system where services or goods are paid for with previously purchased vouchers.
As a fairly new business, Kluwp is still expanding the reach of its services and may not be accepted by all online casinos. However, since it operates on a pre-paid basis, Kluwp is a good option for players that want to keep an eye on how much they are spending.
Using an Online Casino with DevCode Card
DevCode is a Swedish company that operates a payment platform called PaymentIQ. PaymentIQ was launched internationally in 2014. Since it was specially designed for the gaming industry, DevCode’s PaymentIQ has been steadily gaining ground as a payment method for online casinos in India and throughout the world.
DevCode’s PaymentIQ system works in the background, so players won’t really be aware that it is in operation. Your preferred online casino will use DevCode to power its transaction processing systems. Designed for iGaming, DevCode allows users to have a greater choice of options when making payments or withdrawals.
Unfortunately, using an online casino with DevCode card is not as simple as it should be right now. Because the company is still quite new, many online casinos use the PaymentIQ system but do not accept DevCode cards. Make sure you check the conditions of your preferred casino.
Using an Online Casino with MuchBetter
MuchBetter is one of the hot new players in the Indian e-wallet industry. Founded in 2017, MuchBetter is a reliable and easy to use banking method for online casinos. A British company with offices in Bangalore, MuchBetter is available in over 150 countries and used by over 150,000 users worldwide.
Pros and Cons of MuchBetter
MuchBetter has low fees, is convenient, easy to use and features generous rewards. The company has a state of the art security system and boasts that it can resolve any customer issue within six hours. Since the system is still new, using an online casino with MuchBetter can be difficult.
More info on Banking Methods
Traditional banking methods like credit or debit cards are still the preferred option for most online gamblers in India. However, more players are opting for the speed and convenience of e-wallet solutions. Whatever method you choose, you should make sure it is secure, simple and accepted by your online casino.
FAQ on Payment Option
Is it safe to use online banking when gambling online?
Yes, online casinos use cutting edge encryption and security software.
What fees are involved?
Fees from banking providers are usually paid by the online casino.
Are there limits on what I can spend?
Best to check. Different online banking methods will have varying limits.
How long do withdrawals take?
Withdrawals can take between 1-5 days. Some eWallets provide instant withdrawals.
How long do deposits take?
In general, deposits made by any banking method happen instantly.
What is my best option?
All banking methods have pros and cons. Research your options thoroughly.