One of the cornerstones on which the smooth operation of an online casino is built is the conduct of transactions. Legal gambling operators interested in developing their business in India offer local punters a good choice of vetted payment solutions. With their help, you can both refill the balance and grab winnings if you manage to win money. You can read more about the importance of remittances in online casinos in India, and how to conduct such operations, on this page.
Why to Transfer Money at Online Casinos in India?
The answer to the question in the title is quite simple. You will need the money to enjoy the paid services of your picked gambling operator. This applies to these activities:
- Access to the full array of amusements. This applies not only to ‘regular’ games, but also to titles with the opportunity to win jackpots. And, of course, amusements with real dealers are accessible only if there is an active private cabinet and money on the balance;
- Participation in tournaments. Multiple gambling operators regularly hold lucrative prize races for their patrons from India. Such events involve playing certain games for real money. For this, participants receive points. The higher their score, the higher their position in the leaderboard, and the more substantial the prize they can grab;
- Activation of incentives. Internet casinos offer fresh and regular customers an impressive range of various promotions. Participation in them allows you to get extra funds, free spins, cashback and other benefits.
As you can see, without replenishing your balance in an online casino, you will not be able to enjoy its paid services and win some Rupees. Below we will tell you how to conduct transactions on gambling portals in India.
Assortment of Legit Banking Tools
Internet casinos that work legally on the territory of India strive to provide maximum comfort of enjoying their services to local punters. This applies, among other things, to providing them with opportunities to transfer funds comfortably and safely. For these purposes, gambling operators offer a diversity of vetted payment tools. Their assortment may vary from site to site, but we consider it necessary to tell you about the categories of such options so that you are as prepared as possible.
Read about Tips and Strategies for Successful Online Casino.
Bank Cards
Visa and MasterCard is one of the most renowned banking solutions in the world. These bank cards are gladly accepted for remittances at Internet casinos. And if you are not confused by the need to specify your payment details, then you will certainly be able to enjoy the benefits of this option. These are reliability, comfort and security of remittances. But, it is worth noting that the withdrawal of funds with its help can take up to five days.
Bank Transfers/Net Banking
Most Indian banks support Net Banking. This allows local gamblers to utilize a special app to transfer funds from their bank account to their online casino balance. You are guaranteed maximum reliability and security of remittances, but this option has a serious drawback. Withdrawal of funds with its help is the longest when compared with other options. It takes up to seven days.
E-wallets
One of the most renowned and demanding options among Indian punters, and it’s easy to see why. E-wallets such as PayTM, PhonePe, Skrill, Neteller and others provide maximum comfort, speed and security of remittances. They are suitable both for replenishing the balance and for grabbing funds. The only drawback of this payment tool is the likely presence of fees, but it depends on the Internet casino whose services you utilize.
Mobile Payment Systems
Options such as Google Pay or Apple Pay are increasingly becoming widespread in Indian Internet casinos. Their advantages are increased comfort and safety of use, as well as the absence of fees. The disadvantage of mobile payment systems is that the choice of sites on which they can be utilized is still not so great.
Prepaid Cards
Prepaid cards, for example, PaysafeCard, are accessible in several denominations, which allows gamblers to replenish the balance only for the amount for which the voucher was purchased. This is one of the best payment solutions to control spending in an online casino. But, it is not suitable for withdrawing funds.
Cryptocurrencies
Bitcoin, Litecoin, Ethereum, Dogecoin and other digital assets have become firmly rooted in the status of one of the most popular payment tools in the online gambling industry in recent years. This even led to the creation of a crypto casinos. The advantages of digital coins are high security, confidentiality and speed of remittances. But, be careful when filling out the payment data, so as not to accidentally send money to an unknown sender. It is almost impossible to reverse the transaction.
How to Make a Deposit?
The procedure of actions required to replenish the balance with Rs in an Internet casino is universal, regardless of the site you pick. It provides for these steps:
- Open the member area to unlock access to deposit transactions;
- Proceed to the banking cell, and press the ‘Deposit’ tab;
- Pick one of the payment tools;
- Indicate the amount in the specified limits;
- Type the payment details;
- Check the correctness of the entered info, and approve the transaction.
Depending on which payment gateways you have picked, the funds will be credited to your account either immediately or after a while.
Aspects You Should Know About
Before picking a payment tool for conducting a transaction in an online casino, Indians need to consider several important aspects:
- Your understanding of the payment option, coupled with the ability to transfer money to, say, an e-wallet;
- Min/max limits for conducting a transaction;
- Time of funds crediting/money withdrawal;
- The presence or absence of fees.
All this information is usually accessible to site visitors even before creating a private cabinet. If the operator has not created an appropriate info cell on the platform, then request data from the support agents.