Online Betting Payment Methods in India: Deposit & Withdraw
Our detailed betting site reviews always mention the main deposit and withdrawal options for specific brands. But, given the significance of payment convenience and safety, it only made sense for us to create an in-depth guide dedicated to the top betting payment options in India. Of course, each operator provides a variety of deposit and withdrawal methods, and fortunately, most of them accept payments in Indian rupees. As you continue reading, you’ll discover the best, safest, and most popular ways to fund your wagers in India.
Most Popular Payment Options in India
Skrill
Skrill is one of the most popular eWallets that’s been around for many years. Even though you can use it for pretty much any payment, people use it mostly to deposit and withdraw money from betting sites. Skrill’s biggest pro is that it accepts 41 currencies, including the Indian rupee. This payment method is available at almost all sportsbooks, and the registration process is simple. However, Skrill charges withdrawal fees, and the KYC process is long. Moreover, Skrill payments are often not eligible for bonuses.
Skrill Betting Sites
UPI
The Unified Payments Interface (UPI), a government-backed digital payment system, has completely changed banking in India. With this betting payment option, you won’t have to provide the bookmaker with personal or financial information. UPI transactions are carried out through various apps, including Paytm, PhonePe, and your bank’s UPI app. You just need to download one of these, make a UPI ID, and connect your bank account to that ID. You will only require that UPI ID to make deposits and withdrawals.
Bank Transfer
NetBanking or bank transfer is another popular payment option at Indian betting sites. It enables hassle-free money transfers from your bank account to your betting account. Banks typically offer a specialized app for making transfers. Multiple security measures are usually in place to protect your money, making this payment option one of the safest. However, the processing and transaction times are typically the highest for bank transfers, taking anywhere between two to ten banking days.
Top eWallets in India
Neteller
Indian players also love using Neteller, another top-tier eWallet with a worldwide presence. The main drawback of this eWallet is that it charges a withdrawal and deposit fee, just like Skrill.
On the plus side, Neteller allows payments made using UPI and VISA. You can use Neteller on practically all betting sites in India to top off your betting account or withdraw winnings.
Paytm
Paytm, the first and oldest digital wallet in India helped to popularize the idea of e-wallets here. This way of betting payment is incredibly quick, simple, and smooth. This payment service is free, and you can fund your Paytm account using a number of different methods.
For some players, the ability to fund Paytm with cash is a convenient option. All you have to do is locate your seller and pay them the money you intend to use. It’s also possible to deposit money into Paytm using NetBanking.
PhonePe
Another popular wallet and UPI-based app in India is PhonePe. PhonePe functions as both a UPI app and a wallet, quite similar to Paytm. Therefore, choosing PhonePe as your payment option will make your online betting activity quite easy.
The wallet may be topped up using various methods, including debit and credit cards, NetBanking, and UPI, and it is available in ten different languages. What’s best, there are no processing fees, and you can finish your payments with only one click.
ecoPayz
The top bookmakers allow bettors to use the UK-based ecoPayz eWallet to deposit funds into their betting accounts and withdraw their winnings. You can safely send and receive money through ecoPayz from around the globe.
Transactions made using ecoPayz are handled fast, and their customer service is as quick. The only downside to this payment service is that there are high fees for international transfers. Some players have also noticed that there are some limitations for transactions.
AstroPay
One of the quickest betting payment options in India is the AstroPay card. This digital prepaid card is available on the company’s official website. You can fund your account using Google Pay, Freecharge, JioMoney, Airtel, or PhonePe.
Bettors love it because you don’t have to provide any personal or financial information. Your personal information is completely protected at betting site cashiers because no private information is stored on an AstroPay card.
Paysafe
Paysafe offers vouchers that can be redeemed at online bookmakers. These anonymous vouchers are even available to buy at nearby shops. You can make quick deposits online by using a special 16-digit PIN. Paysafe is ideal if the ultimate privacy is your goal.
However, there are two huge downsides to this method. The first is that you can’t withdraw your winnings to the Paysafe card, which is very inconvenient. And the second is that you can’t return the voucher if you haven’t used it.
Google Pay
Google Pay is an incredibly popular UPI payment service in India, which makes it very practical for Indians to pay their bills instantly and keep track of their transactions. The fact that so many betting sites accept Google Pay is its best feature.
All UPI betting sites accept payments via Google Pay because it is a UPI-based app. But, of course, there are other benefits of using Google Pay, and top-notch security is one of them. Others include no transaction fees and an incredibly quick setup.
Other Safe Payment Methods in India
Credit and Debit Cards
Plastic money, in whatever shape it takes, has always been an essential component of online payments. Almost all betting sites accept payments by debit and credit cards, which are among the oldest methods of making digital payments. Of course, two of the best-known names in this world are VISA and Mastercard. There’s rarely a bookmaker that doesn’t accept this type of payment, and we recommend it because there are typically no transaction limits, and they’re very convenient to use.
IMPS
Banks employ the immediate payment service, or IMPS, as a means of electronic payments transfer. The process allows for immediate money transfers between two bank accounts. Although IMPS hasn’t gained as much traction as it could have, bookmakers are gradually coming around to this betting payment option due to its speed and convenience. IMPS is great for transferring large sums of money as it offers instant payments, but it doesn’t offer anonymity.
Cryptos
The newest payment option for online betting is cryptocurrency. Over 30 different cryptocurrencies are available betting sites in India, including Bitcoin, Ethereum, and Dogecoin. These digital currencies use cutting-edge blockchain technology to develop a private, open, and safe payment system. Besides the highest security, they offer almost instantaneous transaction speeds. Although there is a high degree of volatility in cryptos’ value, it is difficult to match the speed and secrecy of transactions.
What You Should Consider Before Choosing a Payment Method
Transaction Time
To avoid any last-minute disappointment, we advise you to always check the transaction time of the betting payment method you intend to use.
Processing Fee
Some payment services charge a processing fee when you fund your betting account. Before putting any money into your betting account, make sure to check the fees.
Security
Considering the surge in online fraud, it is essential you complete your transactions through a secure online platform that employs SSL and high-encryption protocols.
How to Deposit Money on a Betting Site in India
Depending on your chosen method, the specific procedure for funding your betting account may differ, but the overall process stays the same. Follow these steps to make a deposit using any betting payment options suggested in this guide.
Log into your chosen betting site and find the cashier section.
Take a look at the payment metods and choose one.
Make sure your bank balance is positive and select an amount.
The system will redirect you to a payments screen in a few seconds.
You will now need to confirm your chosen payment method.
Most deposits will be credited to your account quickly.
How to Withdraw Money from a Betting Site in India
You won’t have trouble withdrawing money from a bookmaker if you successfully placed a deposit. The procedure is essentially identical, with the obvious exception that you must go to the withdrawal section of your betting account.
Once again, you will have to log into your user account.
Find the payments section and select withdrawals.
Choose the amount you want to withdraw and select a payment method.
You will have to wait for the withdrawal request to be processed.
You will then get a confirmation of your withdrawal.
Your winnings should be in your account after a few hours.
Frequently Asked Questions
⚖ Is it legal to deposit money on a betting site in India?
There is no law that prevents adults from placing money on a betting site, and making bets with reputable bookmakers in India is as safe as it gets. Since all betting sites are located outside of India, there has never been a single instance when a player encountered legal issues due to playing online in India.
🛡 Is it safe to deposit money on Indian betting sites?
Depositing money on Indian betting sites is entirely secure. The safest way to place bets and play casino games in India is to use reputable, well-known deposit and withdrawal methods.
💸 Do betting sites charge a fee for deposits and withdrawals?
Betting sites that we have tested and reviewed do not charge any addidional fees for deposits and withdrawals. Your bank, eWallet, or cryptowallet might charge you some fees for depositing money into your betting account or withdrawing your winnings, but that is not determined by the sportsbooks on LegalBet India. However, we can’t claim that absolutely all sportsbooks don’t charge additional fees.
💵 What is the most secure payment method in India?
UPI and IMPS are the safest and most practical payment options for online betting in India. They have inexpensive fees and quick money transactions. Using cryptocurrencies can help you in keeping your anonymity when transacting money.
💱 Can I choose different payment methods for deposits and withdrawals?
This is possible at almost all sportsbooks, but it depends on their terms and conditions. Make sure to check them before depositing money into your betting account.
💳 Can you bet with a debit card?
Debit cards are among the easiest payment methods for online bettors because they enable quicker transactions than other payment methods. Most bookmakers process them in one to three days.
📱 Do betting apps offer the same payment options as betting sites?
Yes, betting apps offer the same payment options as the desktop version of the sportsbooks.