Bookmaker Payment Methods in India

Being able to make quick, safe, and easy gambling transactions is crucial for a seamless and immersive betting experience. After all, fast and hassle-free payment methods ensure that you get to try your hands at your favorite betting siteinstantly and that you can also withdraw your winnings without any difficulty.

In recent years, betting payment methods have exploded in popularity, giving Indian players a variety of options to choose from. However, given the number of options available, it might be overwhelming for players to choose the right payment method. So, we’ve created a guide that details all the popular payment methods in India to help you make the right choice.

On this page, you’ll get to know:

  • The complete process of adding funds and cashing out your winnings.
  • Payment methods preferred by most Indian players.
  • The best betting sites accepting all the popular Indian payment methods.
  • And many more things!

How to deposit on a betting site in India?

Adding funds into your online betting account is quite simple and straightforward. As a player, all you need to do is follow these simple steps:

  1. First and foremost, you need to select an online bookmaker from our list of recommended betting sites.
  2. After this, navigate to the official website of the betting site and register for an account by submitting the required details.
  3. Then log in to your betting account by using your login credentials and navigate to the cashier section of the site.
  4. Select the payment method you want to use to add funds and enter the amount you wish to deposit.
  5. After confirming your deposit, you must wait for a certain amount of time for the money to appear in your account. Deposit processing may be instant or it may take up to a few hours, depending on your chosen method.
  6. Once the funds appear in your account, you can easily place real money wagers at the site.

For Indian players, UPI, NetBanking, and Bank Transfers are the most popular deposit options as they allow users to make deposits in Indian currency.

How to withdraw from a betting site in India?

As with depositing, withdrawing money from a betting site is quite simple and easy. To withdraw money, all you need to do is follow these simple steps:

  1. Log into your online betting account by using your login credentials.
  2. Navigate to the cashier section and click on “Withdrawal”.
  3. Choose your preferred withdrawal method.
  4. Enter the amount you wish to withdraw.
  5. Follow the instructions and approve the withdrawal.

Note that some betting sites might require verification before processing your transaction. As of now, UPI, Bank Transfer, and NetBanking are the most popular withdrawal methods for Indian players.

Our Favorite Indian Bookmakers

The above-listed bookmakers offer a variety of payment methods for the Indian market, making it convenient and easy for Indian players to add and withdraw money from their betting account.

Online betting sites usually offer a wide variety of payment options to their players. However, some of these banking methods – especially the ones that allow players to make payments in Indian rupees – tend to be more prevalent among Indian bettors than others. Below we’ve listed the payment methods that are most popular among Indian players.

UPI

Launched in 2016 by the National Payments Corporation of India, Unified Payments Interface (UPI) is an instant real-time payment system that facilitates the instant transfer of funds between two bank accounts through mobile apps.

UPI is regulated by the Reserve Bank of India and the Indian Bank Association. To use this payment method, users need to create a Virtual Payment Address (VPA) and connect it to their bank account. Apart from the VPA, users don’t need to remember any other details like their bank account numbers, which is one of the best parts of using UPI.

UPI has exploded in popularity over the last few years, especially with online betting sites. The below guide details the most popular betting sites accepting UPI as a payment method.

Net Banking

NetBanking, also known as online banking or internet banking, is an electronic payment system that allows users to conduct financial transactions through the internet. Be it transferring funds to another bank account or checking the statements of your transactions, everything is possible with the help of NetBanking.

To use NetBanking, users first need to get a User ID and Password for their online banking account through their bank. After this, one can easily log in to the bank’s website using their login credentials and make payments at the betting site. Check out the below guide to know the best betting sites where you can use NetBanking to make payments.

Bank Transfers

Also known as credit transfers, wire transfers, or electronic fund transfers (ETFs), bank transfers are one of the oldest and safest ways to transfer money from one bank account to another.

Making a deposit with Bank Transfers is cheap and convenient, and the money is credited almost instantly after a deposit is made. Also, the withdrawal process is not as hard as one might expect. Given the fact that many Indians have access to online banking features these days, there are numerous betting sites accepting Bank Transfers payments. Below you’ll find some of the most popular sites having Bank Transfers as a payment method. 

Betting Sites Also Accept Indian Cards

Owing to the fast transaction speeds and strong security protocols, many players tend to use credit/debit cards when it comes to making gambling payments. One of the best parts of the betting sites listed on our website is that they also accept Indian cards, including:

VISA

With debit, credit, and prepaid cards, as well as variants like Electron, VISA is one of the most popular payment methods around. In fact, it’s second only to China Union Pay as a payment processor. VISA can be used at most local and online stores, making it very easy and convenient for customers to make purchases online as well as offline.

As one of the most versatile and one of the most popular payment methods around, VISA is the go-to banking option for many players in India. Given its popularity, players can easily find a site that accepts payments through VISA and we actually have prepared a list of the best VISA betting sites in the following guide.

Mastercard

MasterCard is an American multinational financial services company based in New York, United States. Initially, MasterCard began advertising as an interbank card, which could be used to make transactions across a variety of banks. In 1979, the Interbank card underwent a name change from ‘Master Charge’ to simply ‘Mastercard’. With time, MasterCard has established itself as one of the leading payment processors in the world.

As MasterCard is easy to use and also comes with numerous great perks, it’s preferred by millions of players in India. If you wish to make deposits using this payment method, check out our below guide that lists the most popular MasterCard betting sites for Indian players.

American Express

Originally founded as an express mail courier business in 1850, American Express pivoted into financial services in the year 1882. Merging with several other US banks and financial services companies, American Express established itself as one of the leading card companies in the early 1960s. Today, American Express stands as a massive corporation, with over 100 million cards in circulation worldwide.

Although not as popular as VISA and MasterCard, American Express is no longer ubiquitous. So, players with American Express cards looking to find a betting site to accept their payments will have ample options online. In fact, our below guide lists the most popular online sites accepting American Express as a payment method.

Other Common Deposit & Withdrawals Methods

Besides the popular payment options like UPI and bank transfers, there are several other banking methods offered by Indian betting sites. The other common deposit and withdrawal methods are:

Astropay

A relatively new payment platform compared to other prepaid and virtual cards, AstroPay started offering financial services in the year 2009. Yet, AstroPay has managed to establish itself as one of the leading payment solutions providers in India. Today, AstroPay is renowned for its exciting features as well as its excellent customer support.

With an easy-to-use interface that caters to specific needs, AstroPay has created a very user-friendly payment platform for Indian users. And with Indian Rupees available in its list of supported currencies, it’s no surprise that AstroPay is also preferred by players in the country. Below you can find the list of the most popular betting sites that have the AstroPay payment method available.

Bitcoin

On January 3rd, 2009, the digital world saw the mining of Bitcoin’s Block Zero. This was the first appearance of a decentralized digital currency that offered peer-to-peer transactions using blockchain technology. Bitcoin completely transformed the way we look at currencies as a user could easily send it to another user’s wallet without any middleman approving the transaction.

The first-ever involvement of Bitcoin in online gambling was in August 2011. Soon after, the iGaming industry saw a huge rise in betting sites accepting payments in Bitcoin. Below you can find the list of the most popular betting sites where you can use Bitcoin for payments.

Neteller

Founded in 1999 by Optimal Payments Limited, Neteller is an online payments platform that aims to offer an online alternative to traditional payment methods. Neteller started processing real money transactions in July 2000, and it was accepted by over 80% of the world’s gambling merchants by the end of 2005. Neteller always had its major focus on gambling sites, with over 95% of its revenue from betting providers.

Today, Neteller is seen as one of the best gambling payment methods as it provides instant deposits and fast cashouts. For players who are interested in using Neteller as a payment option, our following guide lists the most popular Neteller betting sites that have a variety of games and bonus rewards on offer.

Skrill

Established in London in 2001, Skrill initially started under the name of Moneybookers. The firm was bought by Investcorp in March 2007 and was again purchased by another company in March 2009. Moneybookers was renamed Skrill in September 2011, but its rebranding got completed in 2013. Since 2015, Skrill and its former competitor Neteller are owned by the Paysafe Brand. The payment platform is regulated by the Financial Conduct Authority and has over 2 million users worldwide now.

Today, almost every betting site accepting Indian players offers Skrill as a payment option. This makes it hard for players to choose a good Skrill bookmaker that makes for a fun and entertaining gaming experience. So, to help you make the most of your gaming experience, we’ve combined a list of the most popular betting sites accepting Skrill as a payment option in the below guide.

PayPal

PayPal is one of the most popular online payment methods today. It was originally developed in 1998 as Confinity, a company that developed security software for handheld devices. In 2000, Confinity merged with X.com, a company founded by Elon Musk, and the result was PayPal. After its IPO in 2002, PayPal was acquired by eBay, but it came back on its own in 2015.

PayPal is one of the highly popular names when it comes to making online gambling payments. In fact, it has become a favorite payment method at many betting sites in recent years. For players interested in using PayPal to make gambling deposits, check out the below guide as it lists the most popular PayPal gambling sites.

FAQ

Is it safe to deposit on an online betting sites?

Yes. All the betting sites recommended by us are licensed by reputable gaming authorities, so you can rest assured that they’re completely safe to deposit on.

How can I withdraw my winnings?

To cash out your winnings, all you need to do is make a withdrawal request and provide the required documents to verify the identity of your account. After this, you’ll get your winnings within a few minutes or it may take up to a few business days, depending on your chosen withdrawal method.

What is the best deposit method for Indian players?

The selection of the best deposit method goes down to the personal preferences of the player. But we recommended using UPI, Net Banking, or Bank Transfers as they’re the easiest ones to use.

Is it legal to deposit money on a betting site in India?

All the online betting sites we recommend are international bookmakers that are licensed in their respective countries. So, you can rest assured that it’s legal to deposit money on a betting site in India.

Last Updated on March 15, 2021