We have gathered all the information you need about casino payment methods available in India
Everything from the traditional bank transfer or an online money transfer services, Neteller, and Skrill, even to the newer anonymous cryptocurrencies and many more.
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.
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.