The online casino may be a lot of fun, but payment methods are a key factor in determining the time spent. Therefore, one should be able to evaluate the casino payment methods on offer.
The time and money spent at an online casino is dependent on several factors. One of the key factors would be the online casino payment methods. A boom in the world of technology has led to a sharp rise in payment options. It tackles the problem of finding quick and easy ways to add money to the online casino account without having to pay extravagant fees. This article hopes to provide good insights online casino payment choices.
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Online casino deposits and withdrawals
It is now possible to make a casino deposit using a plethora of choices. These choices largely fall under the bracket of:
- credit cards;
- debit cards;
- bank transfers.
Each type has its own set of features which make it stand out from the others. The common ways of identifying a suitable casino payment option are:
- Limits supported in each transaction.
- Time taken to complete the transfer.
The bank transfers are invariably suited for the high rollers, as they come with support for much bigger transactions. At the same time, they may not be suitable for quick withdrawals and deposits, as they will generally take around a week. The card payment options have taken a backseat in recent years even if they can offer moderate limits.The e-wallets and cryptocurrencies have been the favorites of the casino banking segment thanks to their flexibility, quick transfers, and low fees.
Casino payments: the best gambling sites
Even though there are several parameters to consider when choosing the best gambling sites, the banking options are one of them. While it is important to go with brands which are able to offer convenient casino banking options, one should also not disregard safety and security when choosing the payment option. The latter takes precedence since it can be easy to be lured by the ‘scam’ payment options that can appear to be lucrative.
The casino user should have a fair understanding about the usage requirements like the number and volume of transactions that they are likely to make in a month. This helps in choosing the right payment options.
|Online Casino||Established||License||Welcome Bonus||Sports Betting||Key Payment Options|
|JeetPlay||2020||Curacao Gaming Authority||Rs 70,000||No||UPI, USDT, Visa & Mastercard, PhonePe|
|Fun88||2009||E-Gambling Montenegro||Rs 12,500||Yes||UPI, VISA, NetBanking, Bitcoin|
|Casumo||2012||UK Gambling Commission (UKGC)||Rs 15,000||Yes||Skrill, AstroPay|
|Betway||2006||Malta Gaming Authority (MGA)||Rs 60,000||Yes||UPI, Bank Transfer, Skrill|
|10Cric||2019||Curacao Gaming Authority||Rs 20,000||Yes||UPI, Net Banking, AstroPay, Skrill|
Popular casino payment methods in India
The Indian online gambling space can be quite unique with its varied restrictions on deposits and withdrawals. It also helps if the online casino deposit can be done using Indian rupees as it can mean a substantial saving in terms of fees and currency conversion. A handful of casino banking options are well suited to the needs of the Indian gambling enthusiast.
Bitcoin is one of the new casino payment methods to find greater acceptance in recent times. Even though there are numerous cryptocurrencies available today, online gambling sites have restricted themselves to the popular options like Bitcoin, Ethereum, USDT (Tether), and more. The big advantage of cryptocurrency payment is the speed of transfer along with fees. This combination has worked brilliantly, but users need to be extra careful when using these payment options, as it can be nearly impossible to recover money in the event of a wrong transfer.
AstroPay is a virtual prepaid card that can be quite useful as one of the casino payment options. This functions just like a debit or credit card, and the user only has to focus on the money stored in the card while making the payments. It comes with state-of-the-art security features.A fair amount of anonymity is offered on the payments and it is particularly useful to avoid overspending.
PayTM is a payment service which acts like a digital wallet and helps make online payments. It predominantly runs on the UPI network and this results in instant transfer of funds. The service also does not charge users for deposits and withdrawals. PayTM is one of the popular payment options in India with more than 100 million users and this makes PayTM one of the crucial online casino payment methods.
Paypal is an e-wallet which enjoys immense popularity around the globe. The popularity of PayPal means that it is often accepted as a payment option for receiving welcome bonuses and other offers. Even though recent restrictions have made PayPal less conducive for Indian users, it still ranks as one of the most important among all the online casino payment options.
Neteller is one of the reputed e-wallets in the world of online gambling. The online casino industry has relied on Neteller as a payment option for a long time. It caters to Indian users with support for Indian rupees amongst several other currency options. The tight security measures employed by Neteller are a huge attraction behind this payment option, but it also makes it quite hard to create an account.
ecoPayz is an e-wallet which incorporates parts of the world including India. The service has been around for more than a decade and it is a convenient option for making a casino deposit in Indian rupees.Among the several safety features used by the platform, online gambling sites appreciate the presence of two-step verification. This payment option usually does not carry any fees.
MuchBetter is a leading online payment solution which finds itself integrated into many online gambling sites. It is particularly appreciated at online casinos thanks to its global acceptance. The real-time deposits coupled with the attractive user interface make it an ideal choice for casino users. MuchBetter has the benefit of being able to support decent deposit and withdrawal limits. This is a strong factor behind MuchBetter being available in both segments.
Google Pay is one of the several products from search engine giant Google but it has exclusivity as the only payment option from the brand. The Google Pay operations for users in India predominantly functions on the UPI network. This results in charges on transactions, which also happen to be immediate. Google Pay, though, is yet to be predominantly accepted at online casinos but the number is growing.
Jeton is a global e-wallet system which is ideal for making smaller transactions. One can use the service to make payments using credit and cards while cryptocurrency support has also been brought in recently. The availability of a transfer fee does have an implication for users who want to make use of this platform, which has been increasingly found in the casino banking section.
Paysafecard is among the oldest payment solutions for online use and it has been around for more than two decades. One can come across the Paysafecard option at almost every online casino. It can be used for a variety of purposes including casino banking transactions. It is capable of replacing the credit card or bank card in these circumstances, and it can have a positive impact on safety and security.
Skrill is a popular online payment service which helps perform transactions without involving the bank. It also acts as an e-wallet to make it convenient for receiving money. Skrill is widely used across the globe at online gambling destinations. This is made possible due to its support for several currencies, while it operates with a high standard of safety. The recent changes by the Reserve Bank of India have made it difficult to deposit funds into the Skrill account.
|Payment Options||Support for Indian Rupees||Deposit Time||Withdrawal Time||Scale of Processing Fees||Best Feature|
|Bank Cards||Yes||Instant||3-4 days||Low||Easy access|
|Online Bank Transfer||Yes||Instant||5-7 days||High||Support for large transactions|
|UPI||Yes||Instant||Instant||Nil||Quick and cheap transfer|
|Cryptocurrency||Yes||Instant||10 minutes||Very low||Anonymity|