BEST PAYPAL CASINOS IN INDIA
COMPARE THE BEST PAYPAL CASINOS IN INDIA
WHY YOU SHOULD USE PAYPAL WHEN GAMBLING ONLINE IN INDIA
Although the country’s betting market is worth more than $130 billion, the government has put it in a gray area with a rather convoluted perspective. To that end, Indian banks and casinos are almost always at odds with each other. The former is finicky when it comes to processing gambled money.
In fact, Reserve Bank of India – the central banking institution of the country has been running riot to make sure Indians have no way to hide money, whether online or offline. It has also instructed the banks to decline any transaction attempted with gambling merchants, whatsoever.
As such, bank transfers are not recommended and credit or debit card withdrawals are unreliable. E-wallets come as a relief, but not all of them meet RBI policies. Thankfully, PayPal exists. It complies with RBI policies and follows strict standards for cross-border money transfer. That makes it the most credible choice for gambling transactions in India.
HOW TO DEPOSIT RUPEES TO YOUR PAYPAL ACCOUNT
In India, there’s no way you can top up your PayPal account because the payment processing platform does not support the Rupee currency. However, you can shop and pay online without adding funds as the platform directly takes the amount from any linked card or local bank account.
Follow these simple steps to…
A. Link your local bank account
|In Account||In App|
|Step 1. Sign into your PayPal account.||Step 1. Sign into your PayPal app|
|Step 2. Go to ‘Payment Methods.’||Step 2. Tap ‘Settings’ and then ‘Banks and Cards.’|
|Step 3. Click ‘+’ under ‘Bank Accounts.’||Step 3. Tap ‘+’ and then ‘Bank Accounts’|
|Step 4: Add bank account details.||Step 4: Add bank account details.|
|Step 5: Click ‘Continue.’||Step 5: Click ‘Continue.’|
|Step 6: PayPal will send 2 small deposits (less than 1.50 INR) to your bank account within 24 hours.||Step 6: PayPal will send 2 small deposits (less than 1.50 INR) to your bank account within 24 hours.|
|Step 7: Once you receive the deposits, click ‘Confirm’ near the bank details.||Step 7: Once you receive the deposits, click ‘Confirm’ near the bank details.|
|Step 8: Enter the deposit values and click ‘Confirm.’||Step 8: Enter the deposit values and click ‘Confirm.’|
If you have linked one bank account, this will be your auto-withdrawal account. Any balance in your PayPal account will be automatically withdrawn to this account. For more than one bank account, you can select the preferred account where you want to receive the funds. To keep away from withdrawal failures, make sure the name on your PayPal account is same as that in your bank account and PAN ID.
B. Link your credit or debit card:
|In Account||In App|
|Step 1. Go to ‘Payment Methods’||Step 1. Tap ‘Settings’|
|Step 2. Go to ‘Credit and Debit Cards.’||Step 2. Tap ‘Banks and Cards.’|
|Step 3. Click ‘Link a Card.’||Step 3. Tap ‘+’ and then ‘Debit or Credit card.’|
|Step 4: Enter your card information and save it.||Step 4: Enter your card information and save it.|
|Step 5: You will be directed to the card issuer’s website for authentication.||Step 5: You will be directed to the card issuer’s website for authentication.|
|Step 6: Enter the OTP you have received within 48 hours to confirm your card.||Step 6: Enter the OTP you have received within 48 hours to confirm your card.|
|Step 7: Confirmation of credit cards requires you to enter a unique 4 digit PayPal code on the card statement. You will be charged $1.95 (135 INR approximately) for the same. Once confirmed, you will receive a refund of $1.95 within 30 days.||Step 7: Confirmation of credit cards requires you to enter a unique 4 digit PayPal code on the card statement. You will be charged $1.95 (135 INR approximately) for the same. Once confirmed, you will receive a refund of $1.95 within 30 days.|
You can add a maximum of 8 cards. Cards that are eligible for auto-update will be automatically updated by PayPal on your behalf, including the migration of all associated billing agreements and payment preferences to the new cards.
HOW TO DEPOSIT RUPEES TO AN ONLINE CASINO FROM PAYPAL
Supposing you have already set up your account and linked your local bank account or card, follow these steps to deposit money from PayPal to an online casino in India:
HOW TO WITHDRAW RUPEES FROM AN ONLINE CASINO TO PAYPAL IN INDIA
Supposing you have made a deposit or won gambling money in your online casino account, you can withdraw it to your PayPal account by following these simple steps:
HOW TO WITHDRAW RUPEES FROM PAYPAL TO YOUR INDIAN BANK ACCOUNT
As stated earlier, the process of withdrawal of PayPal funds to an Indian Bank Account is automatic. If you’ve linked one bank account, this is going to be the default account where you will receive all funds every day. If you have linked multiple accounts, you can choose your preferred bank account for withdrawal.
This apart, you can manually withdraw money by following these steps:
|In Account||In App|
|Step 1. Sign in to your PayPal account||Step 1. Sign in to your PayPal account|
|Step 2. Click ‘Payment Methods.’||Step 2. Tap ‘PayPal Balance.’|
|Step 3. Click ‘Transfer Funds’ under PayPal balance.||Step 3. Tap ‘Withdraw Money.’|
|Step 4: Enter the withdrawal amount and select your bank.||Step 4: Enter the withdrawal amount and select your bank.|
|Step 5: Click ‘Continue.’||Step 5: Click ‘Continue.’|
|Step 6: Review the details and confirm ‘Withdraw.’||Step 6: Review the details and confirm ‘Withdraw.’|
|Step 7: Check your bank account to see if the amount has been credited.||Step 7: Check your bank account to see if the amount has been credited.|
Approval of withdrawal will depend on your bank’s transaction clearing process. Usually, it takes 1 business day, but could extend up to 7. The minimum amount for withdrawing manually is 500 INR. Also, once you have requested a withdrawal, you cannot cancel it.
PayPal will deduct 2.9% of the total amount + $0.30 per transfer. So, if you receive a payment of $100, an amount of $3.2 will be deducted and $96.8 transferred to your account. The currency conversion will depend on the prevailing market rate. Presently, the withdrawal fee has been scrapped for transactions that exceed 7000 INR ($100 approximately).
Furthermore, PayPal users in India cannot receive amounts that exceed $10,000 in one transaction. Also, in case of a failed withdrawal due to incorrect bank details, the amount is refunded to the PayPal account in exchange on a withdrawal return fee.
4 LEGAL PAYPAL CASINOS YOU SHOULD CHECK
If a casino bonus is one of the things that fascinate you, then LeoVegas should be your first resort. The ₹30,000 bonus for new players is quite an unmatched bonus in the industry. However, if you don’t fancy bonuses, here is what this experienced online gaming company has for you. LeoVegas is an award-winning online gaming company established in 2011. The casino is reputable for its nice packages such as bonuses, free spins, promotions which also extend to a VIP program for the elite players. The customer service is excellent and is available on a 24/7 basis all year round. Neteller is one of the payment options from the other options which stand out. Just to explore a little about how Neteller works perfectly with Leo Vegas, you will be surprised to learn that deposits are processed free of charge and deposits to player’s accounts is instant. The collection of games is also great, there is a combination of classic titles, recent titles and prominent title such as game of thrones slot, Starburst, and Book of Oz. You are guaranteed of fun when you sign up with this Neteller casino.
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Panda’s might be interesting to watch, but does it beat the opportunity to redeem a 100% welcome bonus up to ₹10,000? That’s what Royal Panda is offering new players who open an account with them and fund their account. Besides the welcome bonus, Royal Panda offers an array of games to its players. Examples of such games are; live casino games, table games, a sportsbook, cards and much more. It offers players a wide range of payment options; one notable option is Neteller which doesn’t charge anything when you fund your account. You don’t have to worry about the trustworthy of Royal Panda; it is a licensed business operating under the watch of Malta Gaming Authority and UK Gambling Commission. Something also worth noting is that it has a dedicated Indian website implying that all the content on that website is localized for Indian viewers.
Known for its immense advertising on the internet, Betway is a brand just has pulled that big boy move and moved closer to the league of the giants of online gaming. Established in 2006, Betway is company that offers lots of exciting perks to Indian players ranging from its exciting welcome bonus, a collection of games to reliable customer care and convenient payment method like Neteller. Neteller is one among the many supported payment options that Betway avails to Indian players. The company charges no fee for transactions relating to Neteller. Other exciting features about this Neteller casino are the high payout and high odds.
The Green website interface is the fast thing that radiates when you visit Unibet, well it isn’t a fault to conclude the Unibet as a gaming site is green, here is why. Unibet is a licensed online gaming company licensed by the Malta gaming authority; this means that it a secure site since all their processes are audited for fairness and transparency. New players are offered a 100% welcome bonus while existing players are offered bonuses and promotions. Popular payment methods such as Neteller are supported and Indian players can fund their accounts at no cost. Another interesting feature is the Unibet community that you can take some coffee break and interact with other players via threads.
WHAT IS PAYPAL?
PayPal is a global payment processing company known for its eponymous flagship payment system that enables online monetary transactions worldwide. It allows money transfers between individuals and businesses as well as online merchants as a payment gateway.
Functioning as a payment rail, PayPal electronically processes payment between the payer and payee in exchange of a certain percentage of the money. By far, it is considered one of the fastest, safest, and easiest online payment processing platforms with 24×7 fraud prevention.
HOW TO REGISTER A PAYPAL ACCOUNT
Here are the steps to setting up a PayPal account…
Your PayPal account should now be ready to use with limited sending and withdrawal limits.
HOW TO VERIFY YOUR PAYPAL ACCOUNT
To be able to send and receive payment via PayPal, you need to verify your account. There are two steps:
MAJOR BANKS IN INDIA THAT DEAL WITH PAYPAL
|State Bank of India (SBI)||HDFC Bank||Kotak Mahindra Bank|
|Axis Bank||ICICI Bank||Citybank|
|Federal Bank||IndusInd Bank||Standard Chartered Bank|
|IDBI Bank||HSBC Bank||South Indian Bank|
|Indian Bank||Standard Chartered Bank||Bank of India|
|Union Bank of India||Indian Overseas Bank|
THE BENEFITS OF USING PAYPAL FOR GAMBLING ONLINE
No Setup Fee
You won’t need to pay anything or submit your financial details to set up a basic account. It’s free!
Transactions are simple, quick and easy. This apart, you can securely store all card information in one place.
Safe and Secure
PayPal is perhaps the safest payment processing online, and thus, a favorite among online casino lovers. It strictly follows RBI policies for electronic transactions. Any sensitive information or user data is fully encrypted. All payments remain anonymous and are protected by SSL certificate. Also, you can make payments without exposing your card details.
24/7 Fraud Monitoring
This is the feature that makes PayPal a safe way to make and receive payments on online casino websites. It prevents fraud and identity theft via constant monitoring of every transaction. Every time a monetary transfer happens, the user receives an email notification.
This is a blessing in the world of gambling. No more waiting for your money, even if it’s coming right across the seven seas!
No Recurring Charges
With PayPal, you can cancel the recurring payments charged by online casinos at anytime.
This payment processing platform allows mass payment.
Automatic Currency Conversion
PayPal follows the current currency exchange rate to convert foreign funds into Indian Rupees. This frees you from the hassles of figuring out the rate manually.
Transactions can now be made within a few tabs on your smartphone. The PayPal app is safe because of the PIN feature which keeps your information safe even if the device falls into wrong hands.
PayPal delivers customer service that meets and exceeds expectations.
Some gamble online to try their luck with high hopes of hitting a jackpot. Others do it because it’s fun and winning or losing doesn’t matter. Whatever be the reason, everything boils down to one simple thing – the size of the bankroll you are willing to risk. In India, this is almost a frenzy, which has further lead to the mushrooming of online casinos that are not trustful. However, with PayPal, it’s now easy to tell a reliable online casino from a scammy one. It’s fast, convenient and absolutely a bettor’s delight!
Yes, every individual can have two accounts – one consumer and the other business. Users can add multiple email addresses, bank accounts, credit cards and debit cards. However, each account should have a unique email address and distinct financial information.
Yes, it does. PayPal can be contacted via telephone and email. You can also enquire the PayPal Community and have your transactional issues resolved at the Resolution Center. This apart, the official website lets you look for common issues and offers befitting solutions.
1-800-419-9833 is the toll free number for English service only. For people calling from outside India, the number is +91 44 66348091 (international charges may apply). Customer service hours are from 9:00 AM IST to 9:00 PM IST, Monday through Sunday.
Visit this link https://www.paypal.com/in/smarthelp/contact-us?email=privacy to send an email to PayPal India.
Receiving payments is possible without being verified if you’ve successfully confirmed your email address and activated your account.
You cannot store money in PayPal in India. There’s no minimum deposit amount.
You cannot store money in PayPal in India. There’s no maximum deposit amount. The receiving limit is, however, $10,000 (6,90,000 INR approximately) per transaction for Indian merchants.
There is no minimum withdrawal amount for automatic withdrawals. However, the minimum for manual withdrawals is 500 INR.
There is no maximum withdrawal amount for automatic withdrawals.
PayPal was founded in 1998 by Peter Thiel, Max Levchin, Ken Howery, and Luke Nosek. It was then called Confinity and developed security software for handheld devices. It was later launched as a payment processor service on 1999, backed by John Malloy from BlueRun Ventures. In 2000, Confinity was merged with X.com – the online banking company headed by Elon Musk. After the CEO of X.com Bill Harris left the company, Musk decided X.com would solely focus on PayPal. During that very time, Musk was replaced by Peter Thiel as the new CEO. He then renamed X.com as PayPal in 2001. In 2002, PayPal was bought by eBay for $1.5 billion.