Why is the Payment Method Important for Online Casino?
When any online casino site starts accepting payments from Indian players, in all its forms, it isn’t just about having the best, sleekest, and most natural checkout process.
This process can be different and vary on the deposit method that the player has chosen. As there are plenty of different deposit methods, it is highly important that the player can choose an online payment method that he or she is familiar with and can trust.
When you chose among online casino payment methods, you often want to use the same methods as when shopping online or even pay your bills. As you know that making a deposit will lead to a safe journey.
Some of the most popular casino payment options for deposits and withdrawals are:
- Debit Cards
- PayTM cash
- Credit Cards
- Prepaid Cards
- Bank transfer – Internet banking
- Phone Bill Payment
- Western Union
- Debit/ Credit Card
Why We Prefer Local Payment Methods
We always prefer local casino payment methods for deposits and withdrawals, and there are many reasons for it. When we say local, we mean payment methods not that necessarily come from India but that we are aware of and that are widely accepted.
These are payment methods that we all recognize and that are widely accepted across the country, not only for casino sites.
Since we use Paytm to pay our bills, why not use it to make a deposit at the online casino and play casino games? We know it’s safe, fast, and that they will respect our privacy.
- Safe at casinos
- Fast Deposits and Withdrawals at casinos
- Indian customer support
- Can be used for deposit and withdraw
- Our privacy is being respected
- SSL Encryption guaranteed
Different Online Payment Options Available for Online Casinos
Deciding on the correct choice when it comes to online casino payment methods can be a big and important decision. Yet there are a few options that you can take into consideration before making a deposit.
An essential fact that you’ll need to keep in mind is that you’ll only be able to make withdrawals with the same payment method that you made your deposit with.
We will therefore list a few different casino deposit methods and tell you more about them so that you can make a qualified decision. But let’s first speak about the payment methods that are mostly used for online gambling in India.
Deposit Methods in India
There are the traditional payment methods which are pretty standard to all India casino sites as well as any site which requires an online payment of some kind.
The good news is that the traditional payment methods such as Rupay, Paytm or UPI are widely used and actually popular payment methods at the online casinos that are present in India.
Has it always been like this? Hell no.
Just a few years ago, you had to use VISA, MasterCard, American Express or deposit using your bank. And it is widely known that using your credit and debit cards for online gambling reasons is not a good idea.
The online casinos are known however for listening to their users, and so they have therefore implemented all the payment methods that suit the Indian public perfectly.
If you want to use Visa and Master card debit card to make a deposit, that is still possible, however. A large majority is still conducted using the go-to method of bank transfers from local and regional banks.
These will typically cover the likes of a Maestro Card, Visa Debit, and Visa Electron linked to a high street or mainstream brach, depending on the location.
Third-Party Payment Providers
Another popular casino payment method, which is gaining popularity as time goes on in India, is using e-wallets for all online purchases. There are hundreds of e-wallets like Skrill or Paypal now available online.
However, there is a slight difference in some E-wallet payment methods next to others available for online casino payments. So this is a crucial point to remember before committing to opening up an account.
First of all, anyone intending to use an e-wallet must first know how the money is to be managed. This fact will affect the choices available to players. Let’s breakdown the differences between the different operational modules making things a bit easier to understand.
E-Wallets in India
Probably the first to mention and be the one most widely casino deposit methods known to the public nowadays are E-wallets. To explain the process as simple as possible, the payment processor is the chosen company that handles the transactions between the two parties – You and the online casino.
The transaction is accomplished by the payment system relaying the payment information to the seller, like the credit card or bank information from the customer to the sellers preferred bank account. Only that the bank account, in this case, is the only casino.
As this is a smooth process and the E-wallets are known to be safe and popular payment methods, all the online casinos are working with them. And once you’ve found your favorite e-wallet for deposits and withdrawals, you won’t need any different payment methods.
Read more about the most used E-wallets for online casino payment.
Perhaps the one E-wallet that jumps to mind instantly will be PayPal. An American payment method, that operates on a global scale and that is owned by another strong global brand known to many, eBay.
The dynamics behind PayPal are easy to understand which makes it a perfect online casino payment method.
Online gambling with Paypal has been widely used in Europe since approx 2017 when casinos started to implement the payment method. India was always to follow, it was merely a question of time.
However, this is only possible if the player has a PayPal account that is linked to a valid bank account with sufficient funds.
If no funds are present, then the transaction will not be completed. Easy to use, easy to understand, and accessible as an app. Meaning that it is also perfect if you want to issue a mobile payment or deposit, or simply to play casino games.
Skrill (Moneybookers) & Neteller
Another popular online deposit method is the e-wallet that acts as a bank essentially. Neteller and Skrill India are such payment methods. They are available in several currencies and have a vast experience in casino payments.
In fact, they have been used by online casinos for almost 10 years.
To get started, simply use your Skrill or Neteller account when choosing the payment method at the online casino. However, make sure to use an “online gambling account” and not a normal account in your Skrill app.
More E-wallet Providers ( Not only For Casino)
- Google Pay
- Globepay App
- IO Net Banking
- Airtel Money
- ICICI Pockets
Each payment method will have its terms and conditions, so please read through these carefully as to not face complications at a later time. Do not take for granted that all operate precisely the same, as this is usually not the case.
Better to be safe, rather than sorry. As mentioned, all these payment solutions cannot be used for online gambling or casino purposes.
Prepaid Online Casino Payments Methods
If you’re looking for safe yet anonymous online casino payment methods, prepaid cards might be just what you’re looking for.
Then there is a payment option like Paysafecard or Astropay cards. Now, this method is becoming increasingly more popular in India as it requires no personal information or banking data from its users to complete an online payment.
All transaction are anonymous and can only be traced by a 16 digit code that can not be linked or traced to any individual.
An utterly private transaction method online. Paysafecard is a form of an online prepaid payment method. This is based and fuelled on Paysafecard vouchers where customers can purchase these card vouchers at many local sales outlets.
To make a payment online using this method, first, a card needs to be to hand, then using the individual 16-digit PIN code located on the map needs to be entered at the checkout stage of the respective website payment process.
Cryptocurrencies for Casino
Lastly, another rising star and online casino payment methods are the many forms of cryptocurrencies. Like the more widely recognised Bitcoin casinos. All casino cryptocurrencies are a digital currency only available online. No credit and debit cards used.
This is a decentralised system of storing funds which are total public, and all records and transactions made globally are recorded in a distributed ledger called a blockchain.
Some form of the crypto wallet is needed to hold and keep track of an individual’s bitcoins amounts and value. At least if you want to be able to deposit and withdraw.
Like bank transfers or any other payment system, there have to be sufficient funds in the users account to complete any transaction.
Handily, cryptocurrencies can be easily moved between friends and acquaintances if more are needed last minute. They are widely used to deposit and can even be considered among the safest methods to choose for online gambling.
Whichever online casino payment methods that you choose, make sure to have it sorted before you open a casino account and opt-in for the welcome bonus. CasinoCaptain.com wants all players to be safe at all times and protect all their personal information and banking details when playing at the online casinos or sports betting sites.
Be careful with your account details as well as your credit card number if you use bank transfer or Visa and MasterCard to deposit money.
Players must be careful in any situation where their data is required and real money involved. Even if it’s only to register your debit card to use free spins.
Play safe and responsibly at all time. Also, make sure to keep in mind there can be processing fees and withdrawal limits for you as a casino player.
Do not use credit cards as your preferred payment option for an online casino if you struggle to control your gambling. In that case payment methods such as debit cards to make payments. Only make deposits to an online casino for the money you know you can afford.