Choosing the right casino payment methods is essential to get the best experience possible as a player. The best of these options are totally secure and will process fast and seamless transactions. In this guide, we’ll go through the best payment options available for online casinos.
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The best way to categorise casino payment methods is by grouping them based on their functionality. We’ll start off with one of the most popular options: e-wallets, of which we’ve compiled the most popular below.
Launched by a young Indian billionaire, Vijay Shekhar Sharma, Paytm is unsurprisingly a widely used payment method in the country, used for other daily transactions as well as online casino payments. Paytm allows you to deposit at your favourite casino in rupees, while withdrawals take 1-2 days to process. There are many Indian banks that you can link to your Paytm account, including the Punjab National Bank, Bank of India, and ICICI Bank.
Skrill is one of the oldest digital payment methods that started as ‘Moneybookers’ in 2001 and rebranded to its current name in 2011. Thanks to its free and easy sign-up process and fast transactions, Skrill has been a hit among Indian casino players. Withdrawals take 24 to 48 hours, and you can even make payments in rupees!
Alongside Skrill, NETELLER is also one of the more popular e-wallets, with most casinos accepting both. It has made a name for itself thanks to its advanced security measures, which include a 256-bit encryption protocol, fingerprint feature, and PCI DSS compliance. The payment option also has a VIP programme that lets you enjoy transactions at discounted rates.
4. Google Pay
Tech giant Google is the mastermind behind this e-wallet. Originally called ‘Tez’, Google Pay entered the Indian market in 2017, and is becoming increasingly accepted by online casinos in India. In addition, it supports over 20 currencies, rupees included, as well as UPI transactions.
Just like Paytm, PhonePe is another casino payment method that originated in India. It was launched in 2015 and continues to gain popularity. Its seamless and use-friendly platform is available in over 10 languages, and topping up your account is made possible through various options such as NetBanking and UPI.
ecoPayz is a payment method that has been tried and tested, having been launched more than 20 years ago. Even though it started in the UK, ecoPayz is now available in over 30 countries, including India. Casino players enjoy using this method because it is fast and straightforward, with withdrawals taking only 1 to 2 days and deposits being instant.
MobiKwik was among the first digital payment platforms in India since it entered the market way back in 2009. Regulated by the Reserve Bank of India, this service offers top security and transactions that usually don’t have any fees attached – so you’ll definitely be smiling on the way to the bank!
Pros and Cons of E-wallets
Credit/debit cards are one of the oldest payment methods around. You can use them to withdraw funds as well as top up your casino account, with only your card details needed to process transactions. Here are the most popular cards accepted across online casino sites.
Visa and Mastercard need no introduction, having been in the game for a long time and arguably dominating the global market. Using them is pretty straightforward, with transactions usually taking 2 to 4 days and customers being assured of top-notch security all throughout.
RuPay is a debit card from India for Indians that is accepted by most online casinos. The company was launched in 2012 and is a product of the National Payments Corporation of India (NPCI). What makes RuPay an ideal choice for Indian players is that it accepts rupees, has low transaction costs and upholds tight security measures.
Pros and Cons of Credit/Debit Cards
Prepaid cards work similarly to credit and debit cards; however, they offer more anonymity. Instead of linking the card directly to your bank, you only have load it with funds, after which you can use it at online casinos. Although prepaid cards weren’t that popular in India, they have become more accepted over time. Here’s our list of the most widely used prepaid cards among players.
AstroPay was among the first virtual cards to be launched, having now crossed borders and finding popularity across India. Because it adds an extra layer of anonymity, it’s actually a perfect solution for privacy-conscious players.
You’ll find that most casinos offer paysafecard, which comes in the form of a voucher that includes a 16-digit PIN. By using the latter, you can make instant deposits at your favourite online casino. The company was launched in 2000 and is now present in over 60 countries, including India. Getting a paysafecard is easy – you can head over to the nearest retail outlet to buy one.
Pros and Cons of Prepaid Cards
Unless you’ve been living under a rock, chances are you’ve heard of cryptocurrencies such as Bitcoin and Dogecoin, just to name a couple. They are now accepted by quite a number of online casinos, offering benefits such as fast withdrawals that traditional payment methods can’t hold a candle to. Here are the top cryptocurrency payment methods that you can use:
Bitcoin, a.k.a. the ‘father of crypto’, was the first cryptocurrency to ever be created. Due to its anonymity, speed, and security, online casinos eventually began to accept it as a payment method, and there are now Bitcoin casinos that have become quite popular. Withdrawals are extremely fast and your personal details will remain safe.
The second-biggest cryptocurrency after Bitcoin, Ethereum has even better features and faster speeds. You can easily buy ETH coins from crypto exchanges, and other than anonymity, you’ll also be enjoying zero or very low transaction fees.
Following in the footsteps of early cryptocurrencies such as Bitcoin and Ethereum, other new coins are also making a name for themselves. TRON is one of these, and it has been received well in India. The coin has a market cap of over $6 billion, making it a slightly stable coin. TRON casino transactions are even faster than Ethereum or Bitcoin, and the currency itself is even more secure as its blockchain isn’t that congested.
Pros and Cons of Cryptocurrency
As the name suggests, bank transfers are as simple as moving funds from your bank account to your casino account. It is a classic payment method used by Indian players that now operates with Netbanking or internet banking to make online transactions. If there’s one thing you can count on with bank transfers, it is their undisputed security. Here are the top bank transfer methods for Indian players:
Known as the Unified Payments Interface, UPI is a payment system developed by National Payments Corporation based in India. Its transaction costs are low, and it is widely accepted by online casinos in the country. All you need is your UPI ID or Code to make instant payments with options that support UPI, such as Paytm, Bank institutions, PhonePe, and BHIM.
Immediate Payment Service is an instant electronic funds transfer system used by banks. Not only is it available 24 hours a day for players looking to make deposits and withdrawals, but Indian mobile service providers also support it, and users can pay via mobile phones.
Pros and Cons of Bank Transfer
How to Deposit Using a Casino Payment Method
Before playing your favourite casino game, be it slots, roulette or poker, you’ll need to make a deposit. Even though there are several payment methods, they generally work the same way, as you’ll see below.
- Look for a top online casino that supports popular payment methods.
- Click ‘Register’ ‘Join’ or ‘Sign Up’ to create an account.
- Head over to the banking or cashier section to deposit funds.
- Choose between e-wallets, debit cards, cryptocurrency, or any other payment method.
- Enter the amount you want to deposit and confirm the transaction.
- The funds will appear almost instantly in your casino account, and you can start playing.
Tip #1: Each casino has its own deposit limits, so make sure take note of these before initiating a transaction.
Tip #2: Most casinos have a first casino deposit bonus for new customers – be to sure to claim these offers!
How To Withdraw Using a Casino Payment Method
Some Indian casinos insist that your deposit method should be the same as your withdrawal method, while others aren’t that limiting. After you’ve created an account and deposited some funds, withdrawing becomes even easier – here’s what you need to do.
- Head over to the banking or cashier section.
- Choose the ‘Withdraw’ or ‘Cash Out’ option.
- Enter the amount you want to withdraw and the payment method you want to use.
- The casino will process your withdrawal accordingly.
Tip: Depending on the payment method you use, you can receive your funds within 24 hours for cryptocurrencies, 1 to 2 days for e-wallets or 2 to 5 days for bank transfers.
What to Consider Before Choosing a Payment Method
When choosing a payment option for your casino experience, several factors come into play. Here are the five most important things you should take into account when selecting your casino banking method:
- Security: Your chosen deposit method needs to be secure and protect your money or personal information from any malicious third parties. So, always check for SSL security encryption measures and check whether the payment method has a licence from the Reserve Bank of India, or any other respected regulatory body.
- Currency options: To use a payment method conveniently, it’s best that the platform accepts different currencies and, in this case, Indian rupees. The latter will save you from conversion charges.
- Transaction fees: Casino payment methods have different processing fees. For instance, cryptocurrencies have low fees, while bank transfers attract higher charges. In the long run, a banking option that has low charges is more cost-effective.
- User-friendliness: When logging into a casino, you want to deposit funds as fast as possible in order to start playing. Therefore, a payment method needs to be straightforward and easy to register and use. It should take no longer than a minute for a deposit to be processed and completed.
- Duration: Another crucial aspect to consider is how long transactions take, which can vary from less than 24 hours to even 7 days. Cryptos are known to be fast, while bank transfers usually take from 3 to 7 business days.
Mobile Casino Payments
In recent times, mobile casinos have become highly popular, allowing players to access their favourite Indian casino while on the move at any time. Many online casinos even have custom apps which you can install on your mobile device. These apps integrate any payment methods supported by the desktop site, offering the same security measures.
When making payments from a mobile device, withdrawing and making deposits is fast and seamless. Furthermore, casino apps often have unique features such as face recognition and fingerprint scans for extra safety.
Indian Casino Payment Methods Final Say
Indian players can nowadays enjoy diverse and secure casino payment methods. From options such as Skrill and Paytm to PhonePe and RuPay, there are plenty of options to choose from. Our last piece of advice on this subject would be to always have more than one payment method that you can use – relying on only one isn’t the best move, because anything can happen. So, once you’ve settled on your ideal payment method, go ahead and sign up to one of the top casinos above that we’ve recommended!
Casino Payment Methods FAQs
- Which is the best Indian casino payment method?
Choosing a payment method is usually a personal preference that depends on various factors, e.g. cost of transactions, time duration, and ease of access. Most punters in India prefer digital wallets as opposed to Netbanking, as the former processes payments in minutes while the latter takes a couple of days.
- How do I find out the charges on my preferred transaction method?
You need to log into your account and head over to the payments section. If it isn’t mentioned, you can check the casino’s FAQ section for further clarity or contact support.
- What is the minimum amount that I can withdraw from online casinos?
This varies depending on your preferred casino. Each has their own limits, so it’s always advisable to contact customer support or check the FAQ section to be doubly sure.