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The Different Payment Methods for Online Gambling
There are several online payment methods to choose from when it comes to online gambling. Each of these payment systems comes with its own pros and cons.
In this guide we will take a look at the 3 most popular payment methods for casinos and what sets them apart.
Credit & Debit Cards
Credit and debit cards are any cards you can pay with online. They are most often given to you by banks but can come from almost any payment provider.
Pros
- The most accepted online payment method for casinos
- Instant deposits
- Almost everyone has one
Cons
- Some bank cards don’t allow payments to casinos
- Sometimes small fee
List of Debit & Credit Cards
E-Wallets
E-wallets are online payment methods that work just like a regular wallet. You put money in your e-wallet by making a deposit to it with a debit or credit card.
Pros
- Almost all casinos accept at least 1 e-wallet
- Instant Deposits
- Extra safety
Cons
- Some have fees for adding money to your wallet
List of Top E-Wallets
Internet Banking
Internet banking is when you make a wire transfer from your bank to an online casino. Your bank usually has an online service available on their website to do this.
Pros
- Available at most casinos
Cons
- Takes at least 3 work days to arrive, sometimes more
- Can come with high costs for each transfer
List of Other Payment Systems for Online Casinos & Betting
Make a Deposit – Step by Step
Making a deposit is an easy task once you have chosen which payment method you want to use.
It is no different than making a deposit to any other site where you load an account with funds. The only real hassle is deciding how much you want to add.
Let’s take a look at how you make a deposit to an online casino in India once you have an account.
- On your account page you will find a deposit button, tap it.
- Choose the amount you want to deposit. Make sure it is more than the minimum limit.
- Enter your payment details and tap deposit.
- Enjoy your new funds and start playing!
Easy as that!
Best Payment Gateway for Indian Online Casinos
The best payment gateway for Indian online casinos is actually an Indian payment method, Paytm!
It is accepted at most India first online casinos, which means the casinos main customers are Indian.
The main reason it is the most favoured payment system is because it is so easy to pay the casino by mobile. If you’re a Paytm user you probably use it atleast once a day and know just how easy it is to use with your phone with the app.
As you know Paytm is somewhere in between a mobile payment system and e-wallet and it’s this combination that makes it so great!
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Checklist for your First Online Casino Payment
There are a few things you MUST take into account before you make your first deposit to an Indian online casino with the payment gateway of your choice.
- Make sure your address and name are correctly entered in your account
- NEVER use someone else’s card or other payment method to make a deposit to an account in your name
- Make sure you have enough funds for your transfer including any possible fees
Trust is Important
We have helped countless Indian players make their first casino payments successfully. We have also gotten plenty of great feedback on the help we have given!
We proudly show our ratings for new readers therefor we have placed our trustpilot rating at the top of many of our pages but we also we have great rating on google business as well!
Are Online Casino Payments Secure?
The payment systems used at online casinos are among the top-rated in the world when it comes to security. The Indian casinos listed on this site only accept the best payment gateways available such as VISA, Mastercard, Neteller, Sofort and PayTM.
Furthermore, the casinos listed on this site all have casino licenses so they adhere to some of the strictest financial laws in the world. This means that your private data is protected with the highest quality cyber security and within each casino, there are strict guidelines on how personal data is handled.
Only a few reliable persons in each casino have access to your payment gateway details but they can only reimburse money to you and not make you deposit more unless you want to.
What is KYC?
KYC is short for Know Your Customer and is a verification process that is put in place to protect you.
At some point the Indian casino you’re playing at will ask you to verify your identity. This is a way to protect you from several different types of fraud such as money laundry.
The verification process is foremost used to confirm your identity but can also be used to verify the payment system you used. This is, again, a way to protect you from unwanted scams.
If you want to read more about the process take a look at our How to verify your casino account article.
Pay with Cryptocurrency like BitCoin
Cryptocurrency is one of the newest payment systems for casinos.
The most common of all cryptocurrency at casinos is Bitcoin and as such it is the most widely accepted as well.
As more and more cryptocurrency are getting created and getting more popular more are getting accepted as payment methods.
The most accepted cryptocurrencies at the moment are:
- Bitcoin
- Bitcoin Cash
- Ethereum
- LiteCoin
- Ripple
Summary of Casino Payment Methods
There are three main payment methods for Indian internet casinos – credit and debit cards, e-wallets and internet banking.
Payments to online casinos are safe due to the hard regulation and professional conduct of the companies behind both the payment gateways and the casinos.
The most popular payment method is Paytm and is also among the fastest and easiest to use.
Cryptocurrencies are also accepted at a select few casinos. Whatsapp Pay is slowly gaining traction as well.
By now you know exactly how to get started so what are you waiting for?
Make your first deposit and start playing your favourite casino game online!
Good luck and have fun!
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