Not all players know how to make a money transfer to betting sites in India. Officially, the country has banned the creation of such a platform on its territory. Despite this, it is still possible to open casinos in some regions, if only because they bring a lot of income. Previously, bets were placed in gaming shops while watching live cricket broadcasts.
After some time, international developers started creating websites and mobile apps where you could place bets in an online format. Despite this, it is difficult for bookmakers to conduct money transactions on such sites within India. Now it is possible to make transfers in India by using e-wallets, these are third-party sites where you can quickly make a transfer to a casino site. It is worth noting that there are special e-wallets that are created to transfer money to gambling.
Types of gambling wallets and where they are used
The most famous wallets in this field are Neteller and Skrill. They are some of the oldest developments in their segment. These wallets allow players to convert money to any currency quickly and reliably. There are also various bonuses such as cashback offers, discounts, promotions and much more. Sites that accept payment via Neteller and Skrill include:
- BlueChip Casino;
- Royal Panda;
- JeetWin Casino;
- Royspins Casino;
- PlayGrand Online Casino;
- Wazamba Casino;
- Pin-Up Casino;
- Dafabet Casino;
- Sportaza Casino;
- 1xSlots Casino;
- Suprabets Casino;
- Bet365 and others.
Skrill is an e-wallet that has become known as a way to fund your online betting account. Skrill is accepted at almost all gambling sites in the world. Although Skrill can be used for different purposes, it is probably used to deposit or withdraw money from a betting site almost always. The payment service has become a popular method of funding an account on a betting site. The advantages and disadvantages of Skrill include the following:
|Skrill accepts Indian rupees, making it easy to use the wallet.
|Skrill charges a 2.50% fee every time you deposit money into your wallet.
|Accepted by almost all betting sites.
|Your bank may reject your Skrill deposit due to their reputation as a betting wallet.
|Helps to maintain anonymity when depositing.
How to register at Skrill?
Due to the fact that gambling is banned in many parts of India, banks often refrain from transferring money that follows to a gambling site. However, this does not stop players from using third-party services to deposit to the bookmaker’s site. Therefore, in order to register with Skrill you need to follow a few simple steps:
- Open the official skrill website and click on the “Register” button;
- Enter your email id, make up a password and confirm it;
- On the next page enter your name and DOB;
- You will be prompted to enter your country and currency of residence;
- Provide accurate information;
- In the last step, enter your phone number, accept the terms and conditions and your account will be successfully created.
Top up your betting account with Skrill
In order to make a deposit at a bookmaker’s website you will need to perform a few simple steps which will not take long. However, in the future they will simplify the procedure itself, which will certainly be a pleasant aspect for players. Such actions include:
- Visit your chosen Skrill betting site;
- Create an account or login to an existing account;
- Select the deposit option;
- Select Skrill as your deposit method and enter the desired amount;
- You will be redirected to your Skrill account where you will confirm the payment;
- The amount will be credited to your account.
Neteller is another well-known e-wallet that you can use to transfer money to and from your favourite betting site. Almost every site that accepts Skrill also accepts Neteller. Using an e-wallet such as Neteller is a great alternative to using a bank or bank card, as it provides fast transfers while protecting your financial details. On the downside, withdrawing money from Neteller to your personal bank account is a little more expensive than with Skrill. However, Neteller offers a free prepaid card that you can use to withdraw cash from an ATM if you want to. The advantages and disadvantages of Neteller include the following:
|Neteller accepts Indian rupees.
|Indian bank accounts may reject transactions to Neteller due to its reputation as a deposit method for gambling
|Most betting sites accept deposits through Neteller.
|There is a 2.5 per cent transaction fee when depositing through Neteller.
|You can recharge your Neteller account using UPI.
How to register with Neteller?
The process of registration in Neteller is similar to the process of registration in Skrill, but there are its own peculiarities. Also, it should be noted that the process will not take much time, however, having understood it, you can use this service on an intuitive level. The steps that need to be taken to register include:
- Visit the official website of the application;
- Click on the “Register” button to create your account;
- Enter your first name, last name, email address and password;
- Click on the “Register” button and your account will be successfully created.
Funding a bookmaker’s account via Neteller
Account funding is a prerequisite for playing on betting platforms, otherwise, you will not be able to earn. The actions to be performed are simple and will not take you much time. To top up your account you need to:
- Visit the Neteller betting site of your choice;
- Create an account or log in to an existing account;
- Select the option to top up your account;
- Select Neteller as the deposit method and enter the desired amount;
- You will be redirected to your Neteller account where you will confirm the payment.
Other types of money transfer services for gambling in India
For the reason that more and more people are starting to play online casinos in India, a large number of bookmakers are coming in. Due to this, the competition among such services is growing, offering players more favourable bonuses than their competitors. The same happens with payment systems, which are simply necessary both for funding an online casino account and for withdrawing winnings later on. Popular top-up methods, apart from the above, include the following:
|UPI is the most popular payment method used in India. Therefore, it is not surprising that many betting sites in India now accept deposits through UPI. Some of the pros and cons of using UPI to deposit at betting sites are as follows. On the plus side, there is no additional transfer fee, money is transferred instantly and UPI is connected directly to your bank account. On the downside, it can sometimes take a few hours as bookmakers may require payment confirmation and users may need additional KYC verification to use UPI to make deposits on betting sites.
|Netbanking is an electronic payment method that allows Indians to directly transfer money from their bank accounts to others. This is why many betting sites in India have started accepting Netbanking as one of their many top-up methods. The pros are that you can transfer funds at any time without relying on banks being open, Netbanking transfers funds instantly, allowing you to top up your betting account immediately there is no transaction fee when using Netbanking. On the downside, if the bank’s servers are down, your transaction may be delayed for a while and to start using Netbanking services you need to register with your customer ID.
|Paytm was the first digital payment app to gain widespread popularity in India. And today, Paytm is the most widely used e-wallet in India, being accepted even in local shops and even by some vegetable vendors. On the plus side, Paytm can be used both as a wallet and UPI payment app, credit cards can also be used to top up Paytm wallet, and payments are fast and secure. On the downside, there are strict KYC measures that need to be adhered to, in case of failed payments, the support team is difficult to contact.
|Google Pay is a UPI payment app that has become extremely popular in India. Google Pay is the most widely used UPI app in India, which makes it very convenient for Indians to pay bills instantly and also track their transactions. The best part about Google Pay is that so many betting sites accept it. The pros of using Google Pay are as follows, namely, all UPI betting apps accept Google Pay, instant money transfers from your bank account using your UPI ID, no transaction fees, Google Pay guarantees complete payment security. The cons of using Google Pay are that there are problems with the bank servers, they can delay transactions.
|PhonePe is another very popular wallet and UPI app in India. Like Paytm, PhonePe can be used both as a wallet and as a UPI app. The main pros, is that the service works both as a wallet and as a UPI app, there is no separate processing fee. And it is a reliable transfer of funds in minutes. The minuses include the fact that technical problems can lead to delayed payments, less secure application, as it does not ask for a PIN code to open the application.
|PayPal is one of the most well-known and respected money transfer services in the world. Many Indians are familiar with PayPal, especially those who work in the freelancing industry or regularly receive money from outside India. Those who are familiar with PayPal also know that the fees are quite high, and so we don’t recommend using PayPal unless you have no other option. However, PayPal is a fast and secure option for transferring funds to a betting site. So if you are forced to use PayPal, it is still a very good and secure way to deposit and withdraw funds. PayPal is more heavily regulated than Skrill or Neteller, and for this reason you will only find them at a few select betting sites.On the plus side, you can use a credit card to fund your PayPal account, completely safe and secure transactions. On the downside, PayPal charges a high transaction fee when depositing on betting sites.
|Cryptocurrency is a relatively new invention, but many betting sites have already started accepting it. Some of the cryptocurrencies you can top up your account with include Bitcoin, Litecoin, Ethereum, Tron and many more. If you have the option to fund your account using cryptocurrency, we definitely recommend you to do so. It’s a very cheap option, and the best part is that you can be completely anonymous when depositing and withdrawing funds. Over the next few years, cryptocurrency is definitely going to become more and more popular and accepted, both among betting companies and other businesses. The pros of this method include the fact that it is easy to use, as it can be managed through a mobile device, gives the user complete anonymity. The downside is that it may be difficult to fully understand how to use cryptocurrency.
Having analysed all the information, we can conclude that the most popular payment services for transferring money to casinos in India are Skrill and Neteller for the reason that they have been on the market for a long time and most players use them. They have low fees and fast transfers, which makes the whole process much easier.
Almost all bookmakers operating in India support these payment systems. And this is certainly true, given the fact that the creation of casinos in many territories of India is officially prohibited. However, there are other payment services that have confirmed their suitability. However, due to various requirements such as in-depth verification, they are less popular in India.