BEST BANKING METHODS FOR INDIAN ONLINE CASINOS
For you to successfully gamble on the internet, you have to be able to fund your account. Every country around the world has different gambling and internet laws, and this is where things get a little problematic for online gamblers.
In India, The Payment Settlement and Systems Act grants the Reserve Bank of India (RBI) the authority to vet all forms of electronic payment. This includes major credit/debit cards, prepaid cards and services, e-wallets and more. The RBI has the power to make online gambling intensely troublesome when it comes to payment methods, but they have yet to enforce the full extent of their authority. But online casinos in India are backed and safeguarded by their own security system.
Each individual method of payment is backed by its own security protocols. Furthermore, online casino sites have their own security profiles designed to protect your personal financial information. If you are looking for the most secure method, cryptocurrencies are the way to go.
Try to look for methods that don’t divulge personal information like a banking address, account number and like so. You can purchase cryptocurrencies like Bitcoin using Indian rupees (INR) from digital currency exchange services which are easily available. Every Indian online casino websites on our site are legal and safe for use.
THE KEY AND PREVALENT PAYMENT METHODS ARE
An Elon Musk founded the company, PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. It is by far the biggest and most used online money transaction company in India, and all around the world.
Given the immense and fast-growing popularity of PayPal, there are plenty of online casinos that accept this payment method. More than 60% of all the online casinos in India, accept PayPal as a payment method. Occasional signup bonuses given to new players can be easily redeemed with PayPal. Certain casinos also award percentages bonuses when funds are withdrawn using PayPal as a financial tool.
Easy transaction and transfer of money are available without any disclosure of any kind of any information whatsoever. It’s user-friendly and helpful customer support is available 24/7. It is ideal for fast and easy withdrawals and deposits.
Founded in London, United Kingdom, Skrill is an e-commerce business that allows payments and money transfers to be made through the Internet, with a focus on low-cost international money transfers. It is a part of the organization, Paysafe group.
Creating an account on Skrill is incredibly easy. You will have to create a Skrill wallet and organize all your account information in one place. Using your Skrill e-wallet, you can transfer funds from any bank account, cards or prepaid vouchers almost instantly, so you never miss out an opportunity of a game. It is accepted by all major bookmakers worldwide, casinos and poker rooms, your Skrill wallet lets you enjoy without revealing any of your personal payment information.
Neteller is an e-money transfer service used to transfer money to and from merchants, such as forex trading firms, social networks firms. You can withdraw funds directly using the Net+ card or transfer the balance to your bank accounts. It is absolutely hassle-free and is available in more than 15 languages. It is also part of the Paysafe parent organization.
One of the many e-wallets out there, it is perhaps the most influential on the world of online gambling. One of the earliest and most successful gambling payment methods, Neteller is still used worldwide today. Online gambling with Neteller allows you to make payments and receive winnings all in one account, without ever giving your actual banking information out to online casinos or other gambling sites.
Bank transfers are when money is sent from one bank account to another. Transferring money from your bank account is usually fast, free and safer than withdrawing and paying in cash. Fund transfer is the most prominent procedure of payment and is definitively the most used worldwide.
If your deposits and withdrawals are of large amounts of money that are not ordinary, wire/bank transfer is the best and safest option. Wire transactions are an appreciable way to manage your money from account to account. The advantages of a bank transfer include fewer regulations, hence more anonymity.
Personal details are not needed meaning greater privacy & security. The fees for use are a little higher but higher levels of dependency & reliability are assured for the price you pay. Banking online is a sure-shot way of getting or giving your money. However, it is not the best for online casinos and gambling as it requires private information.
Paysafecard is a prepaid online payment method based on vouchers with a 16-digit PIN code, independent of your bank account, credit card, or other personal information. Customers can purchase vouchers at local sales outlets and pay online by entering the code at the checkout of the respective website. It is extremely secure and one of the most trusted payment methods in the world. You can pay quickly and safely with having to enter any personal information.
Paysafecard offers that fastest cashouts and instant deposits. Casino expenses are separated from any other household expenses in your account. More than 3,500 websites support Paysafecard, including a significant number of casino sites. When you enter an online casino that accepts Paysafecard, you just enter your 16-digit pin code and your funds are immediately available to you at that site. The large customer base is a result of the no-nonsense and quick system of the Paysafecard.
ecoPayz is a global payment solutions provider offering instant, safe and convenient payment services to customers and small businesses across the globe. With a decade and a half of fine expertise, they offer ever evolving payment products. Their committed service and dedication have earned them a good name.
EcoPayz is a longstanding online financial transaction company that falls under the umbrella of gaming e-wallets. Since 2000, EcoPayz has been a leading payment solution for those who enjoy playing at online casinos. Although it does offer a card in its services, EcoPayz is an e-wallet.
If you have registered an EcoPayz account, you can use it to transfer money to various online casinos. For you to do this, you must first load your wallet with money using a variety of deposit methods. You can then withdraw the funds from your EcoPayz account through a number of means.
CASINOS OFFERING THE MOST PAYMENT METHODS
- LIVE CASINO
- TABLE GAMES
- LIVE CASINO
- TABLE GAMES
In this fast pace and globalized world, there are a significant number of online payment methods for online casinos. All of the payment options mentioned are legal and secure. But the most preferred and suggested method of transferring funds, withdrawing and depositing would be cryptocurrency. It is the most guarded and protected and there is almost no chance of violation of personal financial information.
In the aspect of online gambling, India is currently in its infancy stage. Since gambling in India is a state subjected activity, different states have different laws formulated for online casino activities. Although, for the online gambling activities, the Information Technology (IT) Act of 2000 of the country of India regulates all the casino activities and payment gateways for any illegal gambling site. But there is no specific law drafted in India which restricts individual users from placing casino bets on the internet.
Since the internet is a vast and vulnerable place, open to anybody and everybody, the most important point to remember is absolutely sealed privacy. Another equally pivotal thing is safe and secure money transfer as it is the priority of the company. Online gambling is in its very beginnings in India, but it seems to be fast catching up with the rest of the world.