Deposit & Withdrawal Methods for Betting Sites
Apart from having the flexibility to play games in the comfort of your homes, Indian sports betting sites allow you to use a wide range of payment methods. In this article, we will provide you with a detailed explanation of sports betting payment methods available to Indian players, as well as what to look for before selecting one.17th Jun 2020 |
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Popular online payment methods accepted on Indian Betting Sites
💳 Visa: One of the most popular payment methods in India, it is the safest and fastest payment option.
💳 Mastercard: Similarly, Mastercard is renowned for its reliability, and you can sync this up with your bank account, which makes it easy to deposit and withdraw to your sports betting account.
💳 Paysafecard: Used for online gaming, it is a prepaid card that you can top up your online betting account with it.
💳 Skrill: an e-wallet that is a popular payment in online betting Indian and a very well known payment method.
💳 Sofort: It is a safe and secure system, but not all Indian betting sites allow you to use this method.
💳 GluePay: Although not accepted at all Indian betting sites, it is one of the fastest methods of depositing.
💳 PaymentIQ: One of the newer payment methods, PaymentIQ’s deposit method is very convenient for players.
💳 ecoPayz: More than just an online payment method for online betting sites, there are a number of unique payment services, including being able to set up an online ecoAccount.
💳 Zimpler: A reliable online payment method, Zimpler allows players to deposit money in exchange for credits.
💳 Safetypay: Players can enjoy betting on their favourite sports on the go and it is one of the more trusted payment methods.
💳 MuchBetter: It is simple to register an account and it provides some of the fastest withdrawal times.
💳 Jeton: A lot of the best online Indian betting sites are compatible with Jeton and it has a growing global presence as a digital payment method.
💳 Astropay: Offering secure choices for withdrawal, Astropay supports the Indian Rupee and there are no chargebacks for deposits.
💳 Maestro: Offering some of the most competitive commissions, it is served by almost every sports betting site in India as a payment option.
💳 Bitcoin: Its safety and ease of use make it very handy as a digital cryptocurrency for Indian players.
Popular E-wallets accepted on Betting Sites in India
E–wallets are fast becoming very popular to use on Indian betting sites as they are a very discreet payment method. Below are three of the most common:
👉 Paypal: Frequently used at online betting sites, PayPal is one of the safest and popular deposit methods.
👉 Neteller: Moving money across multiple accounts is straightforward and the processing times are fast.
👉 Skrill: Going from strength to strength, Skrill has become the number one choice for Indian bettors.
Which Payment Method is the fastest for sports betting
👌 Neteller offers the quickest cashout time at 12 hours.
What is important when selecting a payment method
There are two things to bear in mind before deciding which payment method to use. Firstly, check to see the transaction speeds. Some payment methods are much quicker than others, so if you are using your online account a lot, this is vital.
Also, be sure to check if there are any fees incurred with using a particular payment method. Some sports betting sites may cover the fees, but some may be hidden, so check the terms and conditions of each individual site.
Payment Method safety is the key
As with all online betting sites, online safety is paramount. Indian betting sites utilise SSL to provide players with the safest possible experience. However, the onus is on the player to ensure that they do not store payment details on their browser as they could be compromised.
How to cash out your money from an online sports betting site?
Withdrawing your money from an online sports betting site is relatively simple. It can be carried out by following these steps:
- Head over to the ‘Cashier’ or ‘Banking’ section of the betting site.
- Choose the withdraw option on the drop-down list.
- Follow the instructions, which will take you to the next page.
- Wait until the payment has been cleared.
What you need to know
As part of the KYC (Know Your Customer) procedure, online betting sites in India require you to provide some basic information about yourself. The withdrawal request is rather explicit compared to the deposit method. If your request corresponds with what you submitted during the registration process, this will be sent to the payment method requested. Remember, with some payment methods, it can take up to five business days for the money to be processed.
Payment methods for Withdrawals
For online bettors, it is vital that you can withdraw your winnings as quickly and efficiently as possible. Some of the payment methods above, such as Neteller and Skrill, offer fast processing times, but these payment options do incur fees. While bank transfers are commonly used as payment methods for withdrawals, they can take up to seven business days to complete and are starting to be phased out.
How to make safe transactions?
All major Indian sports betting sites will utilise SSL protocol measures to ensure your safety is never compromised. Before choosing which betting site to bet with, check that it has SSL measures in place and that it adheres to the Payment Card Industry Data Security Standard.
Payment Terms & Conditions
Always read the small print before committing to a specific online betting site. When it comes to making deposits and withdrawals, there will be a page on any given individual website that will list these and any other essential information.
Here, you will be able to find out the minimum or maximum daily withdrawals you can make as well as how much you can deposit at any one time.
Final word on Payment Methods
While there are a plethora of widely accepted payment methods at Indian online betting sites, it is vital for you to check that each site is safe and that you can easily contact customer support at your chosen sports betting site. By doing so, they may be able to assist you further if you run into trouble.
Also, only ever choose sports betting sites that supports your preferred payment as this will make your life easier in the long run rather than having to set up multiple accounts with different banking systems.