Best Casino Deposit/Withdrawal Methods for India
Banking is the cornerstone of any online casino. Therefore, choosing the method that is both safe and accessible, as well as fast and has low fees is the ultimate goal for any player. International online lobbies make the choice a bit complicated and players from India registering at such platforms can be easily confused as to which methods are available in their country, and which are inactive.
The best strategy would be to study the market, choose a few deposit and withdrawal methods for India that meet specific needs, and are reliable, and then select casinos depending on whether their cashiers support the preferred banking solutions or no.
The one common mistake that most newbies to online gambling make is they check to see if the operator has a suitable deposit method but fail to make sure they then can also withdraw their wins hassle-free. For instance, depositing by prepaid cards may be very confusing. These methods are not suitable for cashouts and the alternatives that the casinos will offer may not always be available on the player’s end.
This is why we are offering you a brief and concise overview of the most popular casino deposit and withdrawal methods for India-friendly lobbies, and add links to recommended online operators that support them.
Featured Payment Solution Bitcoin
The crypto that needs no introduction, it came a long way from a confusing and suspicious payment method to one of the most popular and reliable banking solutions in online gambling.
What are its pros? Fast cashout speed, a chance to skip the bank-caused delays and bureaucracy, as well as low or no fees are among many other benefits of BTC.
Leave it to any product connected to a land-based bank to be slower. Low speed, however, comes with extra layers of security and the fact that funds become available immediately after they were transferred. If the-faster-the-better is the main factor for you, we are also offering a list of fiat and crypto-wallets to choose from, including BTC, ETH, and LTC. With some, you will be able to receive wins within less than a few hours.
From method to method, you will find that it can come at different costs to deposit or withdraw from an online casino. For instance, payments by Visa or MasterCard always come with a fee, which is usually fixed. Compared to this, fee-free deposits and withdrawals via e-wallets may seem like a great alternative. However, you will need to take into consideration that there will be charges for loading Neteller or Skrill accounts with cash, as well as for claiming cash to cards or bank accounts. Use this roadmap to compare and contrast fees and to choose the most affordable method.
Cards and bank transfers will be one of the most popular payment methods for India and you will see these products in most of the cashiers. However, not everyone will be able to maintain a card or to have a bank account. This is when e-wallets and cryptocurrencies come in handy. Each of these methods has its peculiarities and limitations, too, and it is good to be informed in advance to make a smart choice.
Credit/debit cards for India-friendly online gambling
Two of the most popular and broadly used products are Visa and MasterCard. They are equally secure and reliable. Paying by a method that has bank safety protocols in place does have its benefits. One of them is – banks have the highest standard of protection for financial transactions among all other e-money services.
On the other hand, more and more users become concerned with exposing sensitive card information (CVV, number, expiration date) online and are reluctant to pass it to third parties.
Credit and debit cards will be among the most common payment solutions that you will see in the India-friendly online casinos. They have relatively small fees and in most cases, will support both deposits and withdrawals. We must note, though, that some exceptions may apply, especially with Visa – not all the operators will offer cashouts to cards.
Deposits are instantaneous. Cashouts, if supported, will take between 1 to 3 workdays. Limits may apply, and these must be checked with both the bank and the casino. To avoid unnecessary fees, the best option would be to pay in online lobbies that have the same currency as your card – INR, in this case.
Top e-wallets for India-friendly casinos
E-wallets are a good alternative to credit and debit cards. Instead of exposing sensitive credit card information, you will need to authorize the transaction to a casino cashier by logging into your e-wallet using 2FA or secure PINs.
Deposits by e-wallets are usually free of charge, and so are the cashouts. On the other hand, transactions to and from the casinos are not the part where you should be concerned about additional costs. It is loading the e-wallet with cash, as well as withdrawing from it where the fees kick in.
For instance, fees up to 3% may apply if you are topping the e-wallet with a card. Fees up to 4% and more may be added when it comes to sending funds from an e-wallet to the bank account. If you choose to spend your casino wins online, then many fees can be avoided.
This is one of the most popular online wallets among India-based casino players. It supports both Neteller deposits and withdrawals, has low or no transaction fees between your account and the casino account, and keeps the cashout time under 24 hours. What is more, active Neteller users can enjoy many perks of this payment method, including a 5-tier loyalty program.
Skrill is another extremely popular e-wallet. It has developed protocols that allow smarter ways of paying online. With downloadable apps for iOS and Android, it is a matter of a couple of clicks before you can deposit via Skrill and play. Plus, its Knect loyalty program allows you to accumulate loyalty points, move up the VIP ladder, and enjoy the perks of being a privileged member. The list of such perks includes lower fees when withdrawing from an e-wallet.
A payment solution designed with casino players in mind, ecoPayz has a solid advantage when compared to Skrill and Neteller. While these e-wallets are currently regrouping and pulling their branded plastic cards from the markets, EcoPayz still offers a card as an extra and free service to an e-wallet account.
The key idea behind MuchBetter payments is: “How can we make a player’s life easier?” An app-based payment solution combines a variety of fiat currencies and also manages digital currencies. So, you can buy and exchange crypto within one account. MuchBetter is a cheap and easy way to deposit and withdraw online.
Digital cash may be confusing to newbies at first but it has become one of the preferred payment methods for thousands of gamblers. For starters, there are now lots of alternatives to Bitcoin. Also, a peer-to-peer decentralized network allows sending and receiving funds within minutes, at no extra costs.
Crypto wallets are free, easy to register, and safe to use. Not only will there be a 2FA added to the standard login and password but you can also download and store your digital money on a drive at any point in time.
Buying and exchanging crypto online is no longer a complex procedure, either. Moreover, you can even do so from e-wallets that are usually considered fiat-currency only (such as MuchBetter).
The volatility of digital currencies can be considered one of the cons. Also, you will need to be very attentive when inserting the routing numbers between your and the casino’s e-wallets. Mistakes are irreversible, so pay attention.
Prepaid vouchers for gambling in India
Prepaid vouchers are a cheap and safe way to deposit online. These are either rechargeable cards or single-use tickets that have to be utilized within a few days after you’ve paid for them. Depending on the brand, you can either purchase prepaid vouchers online and then insert their unique numbers in the casino cashier to initiate the deposit, or from within the cashier, order a voucher and pay the unique bar-code.
In either way, this may be a great solution for anyone who does not have a card or a bank account or does not like using credit cards online. You can pay for prepaid vouchers in cash at the kiosk, stores, and from mobile phones.
While each voucher is limited to a certain amount, a casino usually allows using up to 10 vouchers per a single deposit which is good news for the high rollers.
The one downside to this payment method is that you can not withdraw via it. Instead, the operator will offer you an alternative, most likely a bank transfer. So, it is a good idea to check in advance all the available cashout solutions.
While there are multiple prepaid vouchers online, AstroPay is one of the few that was created especially for online gamblers. It is available to players in India and supports INR. It is available both as a physical rechargeable card and as a digital single-use voucher.
Frequently Asked Questions
Yes, this is an option and quite a few online operators support direct deposits from the major banks in India. Among others, we can recommend Royal Panda Casino.
Rizk Casino has low deposit limits. Start playing by depositing as little as 10 EUR/equivalent in INR.
If you are looking for extra layers of security, choose cards and bank transfers. Trada Casino has an array of reliable methods to choose from.
Apart from using our site to determine this, you can always scroll down the casino website and see where they are licensed. MGA (being Malta) license is a good sign, Curacao is not that great, but acceptable.
Be vary of sites that do not show any licensing info or claim to have a license in places like Antigua or Costa Rica.
Licensing will differ. This is one of the most obvious ways to differentiate between the two. On the other hand, the rest of the services will be the same, including the availability of different games and promotions. Check Dafabet Casino for secure and certified crypto-gambling.
Royal Panda is the fastest paying live casino site we’ve listed so far. E-wallet withdrawals during business hours are almost instant while card payments generally are processed around the 24-hour mark.
Why do some operators ask for additional documents while others seem not to care about verifications?
KYC is an important procedure that most certified online operators need to maintain in order to comply with the requirements of their licenses. The ones that don’t require an extra set of documents are either non-licensed or are smaller lobbies with low cashout limits.
Using PayPal from India may be a challenging task. Instead, we recommend using either of the popular and secure alternatives – Skrill, Neteller, ecoPayz, or MuchBetter.