BEST PAYPAL CASINOS IN INDIA

Why 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.

• Basic account creation is free.
•  No financial details are needed to qualify.
•  Make use of your debit card when you don’t have a credit card.
•  Deposits are instant.
•  Receiving money from overseas online casinos is possible.
•  Recurring payments can be cancelled at anytime.
• Sending mass payments is possible.
• Payments are protected by both the casino and PayPal’s SSL certificate.
• You’d receive an email notification every time a transaction is made.
• All card information can be stored in one secure place.
• Customer service is awesome.
•  Welcome bonuses are most appealing.
• You’d find more games in an online PayPal casino than in any other land-based casino.

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 holding funds in the form of Rupees.

However, you can 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

•  Step 1: Sign into your PayPal account.
•  Step 2: Go to ‘Payment Methods.’
•  Step 3: Click ‘+’ under ‘Bank Accounts.
•  Step 4: Add bank account details.
•  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 7: Once you receive the deposits, click ‘Confirm’ near the bank details.
•  Step 8: Enter the deposit values and click ‘Confirm.’

In App

•  Step 1: Sign into your PayPal app.
•  Step 2: Tap ‘Settings’ and then ‘Banks and Cards.’
•  Step 3: ClTap ‘+’ and then ‘Bank Accounts’
•  Step 4: Add bank account details.
•  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 7: Once you receive the deposits, click ‘Confirm’ near the bank details.
•  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

•  Step 1: Go to ‘Payment Methods’
•  Step 2: Go to ‘Credit and Debit Cards.’
•  Step 3: Click ‘Link a Card.’
•  Step 4: Enter your card information and save it.
•  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 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.

In App

•  Step 1: Tap ‘Settings’
•  Step 2: Tap ‘Banks and Cards.’
•  Step 3: Tap ‘+’ and then ‘Debit or Credit card.’
•  Step 4: Enter your card information and save it.
•  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 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.

Currently, PayPal supports Visa, MasterCard, Discover, and American Express debit cards only. It does not support Maestro debit 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:

•  Step 1: Choose a PayPal casino that’s trustful. Look for ranks and expert reviews in terms of bonus, transaction methods, and range of games.
•  Step 2: Select PayPal as your preferred mode of payment.
•  Step 3: Enter the amount and hit ‘Deposit.’ Please make sure the amount you enter is available in your bank account.
•  Step 4: Confirm your payment by submitting your email and password.
•  Step 5: Log in to your online casino account to check whether the amount has been deposited.

How to Withdraw Rupees from an Online Casino to PayPal in India

If you are a new user, PayPal will withhold any money you receive and release it after 21 days post proper verification of the same.

You will notice it as ‘Money on Hold‘ underneath your PayPal Balance. This will continue until you have proved your credibility and met these following requirements:

•  Completed 20 transactions smoothly without any dispute or claim or return.
• Received a minimum amount of $200 USD.
• Maintained a good standing of your account for at least 60 days.

Once these requirements are met, you will receive your future payments within 24 hours and even at a discounted withdrawal fee.

Now, 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:

•  Step 1: Navigate to the withdrawal page on your online casino account and select PayPal as your preferred withdrawal option.
•  Step 2: Enter the amount you need to withdraw. Make sure it is equal to or less than the amount available in your balance. Prior to this, make sure to go through the casino’s terms and conditions regarding money withdrawal.
•  Step 3: Approve your withdrawal and wait for the amount to be credited in your PayPal account.
•  Step 4: Once the amount has been credited, wait for it to be automatically transferred to your bank account.

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 (within 24 hours).

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

•  Step 1: Sign in to your PayPal account./li>
•  Step 2: Click ‘Payment Methods.’
•  Step 3: Click ‘Transfer Funds’ under PayPal balance.
•  Step 4: Enter the withdrawal amount and select your bank.
•  Step 5: Click ‘Continue.’
•  Step 6: Review the details and confirm ‘Withdraw.’
•  Step 7: Check your bank account to see if the amount has been credited.

In App

•  Step 1: Sign in to your PayPal account
•  Step 2: Tap ‘PayPal Balance.’
•  Step 3: Tap ‘Withdraw Money.’
•  Step 4: Enter the withdrawal amount and select your bank.
•  Step 5: Click ‘Continue.’
•  Step 6: Review the details and confirm ‘Withdraw.’
•  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.

For local payments, PayPal currently deducts 2.5% of the total amount + 3 INR fixed fee per transaction. So, if you receive a payment of 1000 INR, an amount of (25 + 3 = 28) INR will be deducted and 972 INR transferred to your account. The withdrawal fee for international transactions is different.

Here’s how users are charged per transaction:

•  Up to $3,000 USD – 4.4% + Fixed Fee (based on ongoing currency conversion rates)
•  $3,000.01 USD – $10,000 USD – 3.9% + Fixed Fee (based on ongoing currency conversion rates)
•  $10,000.01 USD – $100,000 USD – 3.7% + Fixed Fee (based on ongoing currency conversion rates)
•  $100,000.01 USD and more – 3.4% + Fixed Fee (based on ongoing currency conversion rates)

The currency conversion will depend on the prevailing market rate. 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.

With a view to meeting the latest GST rates levied by the Government of India, PayPal has started levying the same on every user, regardless of a personal or business account.

18% GST is now applicable on the PayPal fee and a copy of the consolidated invoice sent to the user every month. Only those users registered in a SEZ (Special Economic Zone) unit are exempted from the tax.