Online gambling is on the rise in India due to Covid-19. Many Indians are stuck at home and smartphone use is at an all-time high. You can access online casinos on your mobile devices too. So, you have a wealth of payment methods at your fingertips to deposit with at the casino sites. As a service to you, we have collected information about the top-5 payment methods for the Indian gambling market.
Top 5 Online Payment Methods in India
Online betting sites and live casinos, when chosen properly, are safe and trustworthy platforms to gamble and bet on. Live Casino India reviews the best casino and betting sites in India for you. Additionally, you can find information on each brand’s list of available payment methods.
1. Debit Cards
Debit cards are one of the safest and most secure methods for making deposits and withdrawals in India today. However, despite giving gamblers peace of mind, debit card deposits in India typically take 24 hours to go through. This can be a disadvantage for players looking for quick mobile action, but it’s still commonly used by Indians who want to make big deposits or withdrawals.
Indian online gamblers can now use RuPay cards for payments too. RuPay is currently issued by over 700 banks, making it a popular choice for gamblers.
2. Netbanking
Netbanking allows local bank transfers to and from the casino. Furthermore, deposits are instant, and withdrawals usually appear in your account within 3 hours. Netbanking supports almost all banks in India. So, it’s no wonder why this is a popular casino payment method.
3. PayTM
PayTM is the most popular mobile wallet app in India. Many gambling sites have setup support for UPI which provides a platform for all mobile payment apps. Therefore, PayTM is widely accepted too. Any betting site that does not accept PayTM cannot be regarded as good fit for Indian gamblers.
4. PhonePe
UPI allows immediate transfer of funds between bank accounts using a simple and easy to use mobile app. So, if you have a bank account linked to UPI then you can use all supported mobile payment apps. Another popular Indian payment app is PhonePe. PhonePe is second only to PayTM in terms of mobile payment transactions, having eclipsed Google Pay.
5. Google Pay
With Android users heavily outweighing iPhone users, it’s no wonder why Google Pay is so popular. Only Paytm and PhonePe have more active users. Moreover, Google removed PayTM’s app from their store due to claimed policy breaches with regards to gambling. But some saw this as a way of just clearing out some of the competition. Google Pay is also available via the UPI platform.
To sum it up, due to Covid-19, there is much more online activity taking place. Since legal gambling establishments are off limits, gamblers have sought out online casinos and betting sites. This has proven to be highly profitable for offshore gambling operators. Furthermore, many operators are now targeting India as the next big online gaming market. And the way to succeed is by supporting all local Indian payment methods.
