Gaming in online casinos is fascinating but requires great caution, especially since it involves the staking of real money. If you want to claim any of the mouthwatering bonuses at the best Indian casino sites, you’ll need to be familiar with the many payment methods available. Find out more about the payment options found in the Indian casino gambling scene and how to use them to fund your gameplay at your favorite casinos.
Depositing at online casinos in India
Like most gaming platforms, online casinos allow deposits and withdrawals. Deposits are payments from users to online casinos that fund their accounts for real money bets. Most deposit channels permit gamers to put in any amount as long as it is above the lower limit, and there are often numerous payment channels for deposits.
Deposits are often necessary before you can start enjoying real money casino gaming. The only exception is with a no deposit bonus, and even then, you’d still have to deposit cash before you receive a payout on the bonus winnings. Due to the nature of deposits, they are usually processed instantly.
How to make deposits at Indian online casinos
The deposit process roughly follows the same format across all online casinos. Here are the major steps:
- Create an account with any reliable online casino in India. The registration process usually requires a user’s personal data, and the best sites have streamlined the process to take less than a minute.
- Navigate to the ‘cashier’ section and click deposit. You’ll find the different deposit options available at the site.
- Select a deposit method and fill in your payment details.
- Choose the amount to be deposited and confirm the transaction.
Popular deposit methods at online Indian casinos
There are numerous banking options available in India, and several of them also cater to online gambling transactions. Each option falls under the jurisdiction of the Reserve Bank of India, and all have their individual benefits and cons.
Some of the most popular options found at Indian casinos are highlighted below:
Card payments
This is one of the most common payment options available in almost all online casinos. Registered users can make payments using their debit or credit cards. This mode of payment draws funds directly from your bank account and is great for deposits. The most trusted card payment brands are Visa and MasterCard.
E-wallets
Several e-wallet options are available in the Indian gaming industry. Beyond the myriad of options, these payment methods come with many conveniences. For one, they allow you to fund your casino account from a secured digital wallet without having to put down personal bank details.
In addition, e-wallets offer a full-circle solution for both deposits and withdrawals. Transactions are also pretty fast either way. The top choices for e-wallets are:
- PayPal
- Paysafecard
- Skrill
- Neteller
- ecoPayz
- MuchBetter
- AstroPay
It’s worth noting that some gaming platforms restrict bonuses for deposits through certain e-wallets like Skrill and Neteller. If you’re looking to claim a welcome offer, you should check the casino’s terms on payment eligibility.
Bank transfers
This is one of the most secure payment methods thanks to the high-grade safeguards implemented by banks. Bank transfers are not instant and may take several days to clear, but you can always track your funds. This payment method is also the best option for bigger transactions as it allows higher limits.
Cryptocurrencies
This payment option is growing in popularity due to the unique advantages it brings to the table. A significant number of Indian online casinos allow the use of cryptocurrencies, which is accepted within the country’s gaming regulations.
Some critical advantages of using cryptocurrencies include safety, anonymity, speed of transactions and low fees. Here are some of the popular cryptocurrencies featured at online casinos:
- Bitcoin (BTC)
- Litecoin (LTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Ripple (XRP)
With a digital wallet, you can easily purchase cryptocurrencies from any of the available currency exchange service providers.
Withdrawing at online casinos in India
We can’t talk about deposits without mentioning withdrawals. This is the other end of the coin and another critical aspect of real money gambling. Withdrawals are arguably the most fulfilling part of online gaming since it involves cashing out on your winnings. Unlike deposits, withdrawals come with a lot of conditions.
For instance, many online casinos in India have a clause that only allows withdrawals after a certain deposit amount or level of staking. More so, the withdrawal threshold is usually higher than that of deposits. For instance, where you can deposit $10, you may only be allowed to withdraw from $20 and above.
Some online casinos only allow withdrawals through the channel used to make deposits. In addition, players are commonly required to wait a couple of business days before the withdrawn amount is reflected in their bank accounts. Many Indian gaming platforms might demand a fee and ask you to tender necessary documents for verification. The best sites will facilitate the process, but payouts are generally more tedious than deposits.
A glance through the terms and conditions of each platform will reveal other stipulations.
How to withdraw at Indian online casinos
After playing and winning on your favorite video slots, table games and other casino offerings, you’ll want to cash in on your efforts. Several of the payment methods highlighted above will cater to withdrawals as well. Below are the steps to withdrawing from your casino balance:
- Click the ‘Withdraw’ button from the cashier section. A list of the different available payment options will pop up for you to choose from.
- Enter your payment details. If you have previously deposited with the method, you can skip this step since your details will already be saved.
- Input the amount to be withdrawn, which should be a value within designated limits.
- Confirm the transaction and wait to be credited. If the casino requires ID verification, simply provide the necessary documents and forward them via email.