Payment methods are one of the key factors that let the players verify how reliable a gambling destination is. Indian players usually face troubles when it comes to transacting in a live casino online and funding their gambling account. Depositing funds through bank cards is usually a tough job, which is mainly the result of the unregulated market in terms of online transactions towards gambling platforms.
Indian players should be given the choice to deposit local currency – Indian Rupees. When it comes to the range of supported payment methods at a casino, the players should have options to choose.
Earlier, Indian gamblers only had two options to make a deposit- bank accounts and cards. However, now they can pay through digital wallets, net banking, bitcoin, and other blockchain technologies, wire transfers, and pre-paid cards, which are attributed as good and safe alternatives.
Most Common Payment Methods at Live Casino
Bank Transfer is one of the most common online casino payment methods used by gamblers to deposit large amounts to their gambling accounts. This is the easiest payment method where the funds are transferred from the bank account to the casino account. When the transaction is complete, the funds reflect in the casino account of the players within 3-5 business days.
The players belonging to IDBI Bank, State Bank of India, Axis Bank, Canara Bank, Union Bank of India, CitiBank, South Indian Bank, and HSBC can transfer the funds directly to their casino account. It is one of the best payment methods in terms of security.
Credit and debit cards are another one of the most common payment methods accepted by online casino operators. Even though this is a common method, using it to deposit funds can be labeled as ‘gambling for real money’, which the card companies do not appreciate.
The players can use Visa and MasterCard to fund their gambling account, but honestly, it is not always guaranteed that their deposit will be a success. However, for reputed gambling brands like LeoVegas, there is not a problem, the cashier at the casino accepts the Visa Card of most Indian banks.
It is an electronic way to transfer funds highly popular in India. The players can use IMPS (Immediate Payment Service) or NEFT (National Electronic Funds Transfer) to fund their live casino accounts. The difference between the two services is that NEFT remains unavailable during holidays and weekends, while IMPS operates 24x7x365.
Ewallets, also known as digital wallets, are an increasingly popular payment option accepted by online casinos. Some of the most popular methods for e-wallets are Neteller and Skrill that allow hassle-free transactions to live dealer casinos. Depositing funds at Ewallets is merely a matter of a few seconds. You only have to log in to your e-wallet account linked to your bank, enter the amount to transfer. Once you confirm the transaction information, the money will be transferred to your casino account instantly. Ewallets facilitate instant transfers, which means you do not have to wait for hours or days to play live casino games. It is a very secure mode of transferring funds to your online casino since it keeps the transaction information protected from third-parties.
Another popular mode of payment in India is mobile payments. Airtel Money, PayTM, and Mobikwik are the frequently used mobile payment solutions also known as mobile payment providers. Although these are the popular payment options in India, unfortunately, these are not primarily available at most online casinos. However, if this is your convenient mode of payment, you can still find a few online casinos having these options. Like E-wallets, mobile payment methods are also secure and use advanced SSL encryption technology.
According to allcasinos.in, many online casinos have started accepting cryptocurrencies as their payment methods. Initially, Bitcoins were not used for the transaction, but now it has become a part of most online casinos. Indian players can exchange local currency for Bitcoins, and transfer it to the casino to start playing live dealer games.
To find the right bitcoin casino, you have to do thorough research. There are many bitcoin-friendly websites on the rise these days, so, you can come across one that’s perfect for you.
So, these were some of the top methods you can use to deposit funds at live casinos in India.