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Casino Payment Methods

Casino Payment Methods

Apart from having the flexibility to play games in the comfort of your homes, Indian online casinos allow you to use a wide range of payment methods. In this article, we will provide you with a detailed explanation of casino payment methods available to Indian players, as well as what to look for before selecting one.

Most popular casino payment methods India

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payment methods

Mastercard/Visa Payment (Cards)

Mastercard and Visa are one of the most popular payment methods in the world. They are known to be a secure and fast payment option. Additionally, they are linked to your bank account, and this means that you can use them to deposit and withdraw directly to your account.

E-Wallets

(E-Wallets) or Electronic wallets such as Skrill, Neteller, MuchBetter and ecoPayz are some of the most popular methods used in Indian Casinos. SuperLenny highly recommends players to use these as they are fast and easy to use. Skrill is regulated by the Financial Conduct Authority (FCA) and you can top up your wallet via bank transfers or debit/credit cards.

Neteller is a globally accepted e-wallet that processes transactions instantly and charges minimal fees. You can create an account easily and the processing fees per transaction depend on the funding source (usually 2.5%). Like Skrill, it is also FCA-regulated. Besides e-wallets, mobile payment methods are also gaining popularity in Indian casinos.

MuchBetter is one of the modern payment services which provide fast, secure and efficient payments for casino players in India and worldwide. You can easily make withdrawals and deposits at your preferred MuchBetter online casino. All you need is a mobile phone number and a credit card to top up your MuchBetter account.

Which payment method is the fastest?

MethodFeesCashout TimeDeposit Time
Paypal LogoYesUp to 24 HoursInstant
NETELLER IconNoUp to 12 hoursInstant
Skrill LogoNoUp to 24 hoursInstant
MasterCard LogoNo1-3 Banking DaysInstant
VISA No1-3 Banking DaysInstant
Bitcoin LogoNo1-2 days1 hour

What is important when selecting a payment method?

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  • Apart from having the flexibility to play games in the comfort of your homes, online casinos also allow you to use a wide range of payment methods. Some casinos use certain payment methods for deposit only while others may use the same method for both deposit and withdrawal.
  • The processing time, limits, and fees of a payment method are important factors. But with so many choices, it can sometimes be confusing for players to choose. In this article, we will provide you with a detailed explanation of casino payment methods as well as what to look for before selecting one.

Before you proceed to choose a payment method to use, there are two important things you need to check. These are the transaction speed and commission fee. Transaction speed refers to how fast a payment method processes transactions. Some payment methods process payments within seconds while others can take days.  A commission fee, on the other hand, is an amount that is charged either by a casino or banking agent for performing a transaction via a payment method. If the fee is deducted by the casino, you should note that you have to meet their requirement of minimum deposit.

How to withdraw your money

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  1. Go to the ‘Cashier’ or ‘Banking’ section of the site
  2. Choose withdraw
  3. Follow the instructions
  4. Wait for the payment to clear

What you need to know

When you create an account with an online casino, you will be required to provide some basic information as part of the KYC (Know Your Customer) procedure. Although most casinos allow you to deposit using payment methods with information other than yours, the withdrawal requirement is usually explicit. Also, once you submit a withdrawal request, the information is compared with the one requested during registration. If it correlates, your request is approved, and your money is sent to the appropriate payment method that you choose. Depending on the payment method you are using this can take up to 5 business days. One common thing with online casinos is that you can only make withdrawals via the same deposit method.

Payment Methods For Withdrawals

As a casino player, you want to be able to withdraw your winnings as fast as possible. Although all the payment methods we have mentioned so far have their benefits, Mastercard, Visa, Neteller, and Skrill have the fastest processing time. However, you should factor in the processing fees deducted by these payment options. Although most popular Indian casinos accept bank transfers as part of their payment methods, it is slowly being phased out due to its long processing time. In some cases, withdrawing money via bank transfers can take up to seven business days. However, it is still considered one of the safest payment methods.

How to make safe transactions

All major Indian online casinos use SSL to secure communication with their website and protect player’s banking information. You should check if your casino has SSL and complies with the Payment Card Industry Data Security Standard. Additionally, SuperLenny advises that you should never store your payment details on your browser.

 Terms & Conditions

When you choose an online casino, you should always check its payment terms and conditions. This contains all the essential information related to deposit and withdrawals. You will be able to know the pending time of the casino as well as the minimum and maximum withdrawals you are allowed to make.

Last word on payment methods

We have discussed some of the important things to look for when choosing a payment method. Always remember that your safety is essential, so you should check the security put in place by your online casino. Additionally, only choose a casino that supports a payment method that is easy for you to use.

Questions

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🤑How can I deposit into my online casino account?

Making a deposit is necessary if you wish to play real money casino games or make sports bets. To do this simply go to the ‘cashier’ or ‘banking’ of your casino site and follow the instructions. Many times players can be rewarded with deposit bonuses when they put money into their account.

🤑 How fast will deposits and withdrawals be processed?

This depends on the payment method, and it varies between casinos. In general, transactions made with eWallets tends to be the fastest. Whereas, bank transfers can take up to 5 or more days to be processed.

🤑 Do I have to pay any fee when I deposit or withdraw money from my casino account?

This depends on the casino and the payment method you choose. To find out about any fees attached to the method you are using check online or contact customer support.

🤑 What payment options are available in India?

Indian players should have access to most of the biggest worldwide payment methods including eWallets, transfers, and Bitcoins. One thing players in India should always check is if the online casinos accepts payments in rupees.