Best Payment Methods for Betting in India 2024

India ranks among the biggest and fastest-growing online betting markets, and the most important aspect of any Indian online betting site is the ability to deposit and withdraw money securely. 

The betting payment options must be easy and secure, allow quicker transactions, and protect user data. These payment methods should also provide decent minimum deposit limits.

Our betting specialists have analyzed various payment options in India, and this page focuses on the most relevant information on the best payment methods for 2024 and how to make deposits and withdrawals securely.

Best Payment Methods for Indian Players in 2024

As an Indian bettor, you can make betting payments using various options. Indian betting payment options are categorized into four categories: bank transfer, Bank cards, Digital wallets, and Cryptocurrency. 

Among these four, several choices must be made. Every option has its advantages, which will be discussed in the sections below in this article.

E-wallets / Digital wallets

E-wallets are secure, easy and quick to process payments. You can make betting deposits and withdrawals using numerous e-wallets which are trustworthy and popular we have listed some here:

Phonepe

Phonepe is a mobile payment platform integrated into the UPI system, adding an extra level of trust and security. It was developed exclusively in India, making it the perfect choice for sports betting enthusiasts.

It only takes a few steps to complete the transaction, and you only need your phone number, which is interlinked between the sender and receiver party, and the amount you want to transfer.

Phonepe is allowed on all major cricket betting sites in India

UPI

UPI is one of India's most used payment methods for online sports betting. It is an interbank mobile money transactional product and is quite secure for transactions.

You just download the UPI app, register for an ID, and link your bank account, and you’re ready to transact. Add this payment option to the betting site and make quicker transactions.

One advantage of this option is that no transaction fee is charged for betting deposits and withdrawals.

Paytm

Paytm is another UPI-linked payment system great for betting payments. It is an incredible option for quick transfers and is trusted nationwide. While making the transfers, simply enter the Paytm account details and amount, click on the Send option

BHIM

BHIM UPI is India's most popular betting deposit and withdrawal payment option. A user-friendly interface and quicker transactions make this a great option for transferring funds.

Regarding security, all your personal and financial information is well-guarded while you make the payments. No transaction fee is charged for these payments, and the funds will be credited immediately.

Google pay

Google Pay is an amazing payment choice for bettors. It allows users to make payments quickly and safely using a contact number or QR scan. Most of the betting platforms offer this option with minimum deposit limits.

With one of the most prominent global technologies, this platform offers bettors confidence in the safety of their money and information. It also supports India‘s UPI payment system in processing the funds.

Paypal

Paypal is the oldest and most reliable e-wallet for making online transactions. This is accepted in most betting sites since it is efficient and can be relied on for secure deposits and withdrawals.

There are many ways to deposit money into your Paypal account, such as by linking the credit or debit card or a bank account. You can make higher deposits and withdrawals with no transaction fees.

EcoPayz

EcoPayz is an easy and safe e-wallet for transferring money to sportsbooks or any casino account. Indian users can easily find it loaded on international betting platforms.

EcoPayz is fully protected and uses the PCI DSS to secure the user’s data while making the betting transactions. It offers a smooth interface and quicker processing time for betting deposits and withdrawals. 

Trusty

Trustly is a convenient payment option for deposits and withdrawals. Established in 2008 and based in Wedel, Germany, it provides safe and fast online payments on betting sites.

Unlike other e-wallets, Trustly does not require cards or apps, and deposits and withdrawals are fast. It is secure and a great option for making quick deposits, especially while playing live betting.

Bank Transfer

A bank transfer is the traditional yet the most secure way of transferring money from one account to another. In the present day, as a result of improved technology, bank transfers have also become a bit faster. 1xbet online is the best site for doing bank transfer for deposit and withdrawals.

Betting sites mostly accept all the popular banks in India, which have been established for years and are secure. You can securely transfer the funds from your betting account to the bookmaker’s account. Having said that, the transaction fee and processing time might differ from one bank to another.

Net Banking

Net Banking or Internet Banking is one of the popular payment methods used for betting transactions. Like Bank transfers, it is also very secure, and end-to-end encrypted technology safeguards all your personal and financial data.

Local Net Banking in India is usually carried out without any fees charged. Transactions are usually very fast, with most transfers taking less than 2 hours.

IMPS

The only distinction from UPI is with the quantity wherein the user wants to transfer.

The major advantage of using IMPS is that far higher sums can be deposited and withdrawn on a betting site. IMPS transfers generally possess higher transaction limits, such as up to 5,00,000 INR and processing time within a day. 

Debit And Credit Cards

Credit and debit cards are among the most popular betting payment methods. The most renowned and secure names in card payments are Mastercard and Visa. Security is the main factor here, as you can be assured that your payments will be safely transferred.

In addition, card payment limits are generally high depending on the type of bank you choose. The Credit/Debit card is linked to a corresponding bank account to transfer the funds. The payments are mostly instant, and the processing fee might vary from one to another.

Wire Transfer

Wire Transfer is a secure method of transferring a huge lump amount from one account to another. It is a great option when you need to make higher deposits and withdrawals. Check out some of the popular wire transfers in the section below:

Neteller

Neteller is a reliable digital wallet service, which was established in 1999. It has become a secure payment option with a user-friendly interface and is offered by most sportsbooks today for betting transfers.

It works by loading your Neteller account through a bank transfer or credit card and transferring the money to your betting site. It is a highly recommended option for Indian online bettors who want to make quick transfers.

Skrill

Skrill is one of the most recognised payment solutions for online betting deposits and withdrawals. These payments are instant, and you can make higher-limit transactions without incurring fees.

You must fund your Skrill account and deposit money on betting sites to use this payment. The secure interface guards your personal and financial information while you transfer the funds.

Astropay

AstroPay is a widely accepted e-wallet among the Indian online betting sites. Users must first fund their AstroPay account before making deposits, and one advantage is virtual debit cards.

AstroPay offers a highly versatile solution for bettors who prefer quick deposits and withdrawals. No fee has been incurred for these transfers.

Crypto Currency

Bitcoins and other digital currencies are widely accepted in India for betting. Several areas prefer specific sports or casino games for wagering through cryptocurrencies. Stake India offers one of the best cryptocurrency types for payments.

In this section, check out the brief of some of the leading betting cryptos:

Bitcoin

Bitcoin, the pioneer and most popular of these emerging forms of cryptos, was introduced in 2009 by Satoshi Nakamoto. It is common among sports betting businesses due to its general acceptance, high turnover rate, and security. 

Many crypto-betting sites accept this option since Bitcoin is one of the most trusted cryptocurrencies. As the firstcomer in the world of blockchain technology, it is transparent and reliable to allow bettors on any crypto-betting site.

Ethereum

Developed in 2015 by Vitalik Buterin, Ethereum is a popular cryptocurrency accepted for betting deposits and withdrawals. Its flexible blockchain structure enables unique platforms for betting on sports while automating other tasks.

Ethereum’s transactions are considered faster than Bitcoin’s, making it an ideal choice among many betting sites.

Ripple

Ripple was designed and launched in 2012 and is an efficient crypto for betting transfers. Due to its relative speed and low transaction fees, Bitcoin is perfect for making bets on crypto sports betting sites, where time is vital for live betting events.

With its credibility and usage in the crypto sportsbook industry, numerous betting sites offer crypto-based bonuses and promotions for registered users.

Other Cryptos

Established in 2013, Dogecoin started to gain traction due to its sprightly performance and low transaction fees. It is commonly used for small stakes on crypto betting platforms, which is preferable for beginners. 

Tether is another stablecoin that began in 2014. Its stable value makes it suitable for bettors who want to avoid the volatility of cryptocurrency prices, enabling them to make more reliable bets and payments.

What are the features we consider to select the best payment method?

Now, let’s talk about the vital factors while choosing the most suitable payment methods for reputable bookmakers. Here, we have virtually done most of the work in helping you learn how to select a payment method in your favor, check these out:

Trust

A strong payment method should be trustworthy, which comes with its brand credibility in these years in the betting industry. Make sure to pick the payment options that are being used more frequently for betting deposits and withdrawals.

Ease of use

This means that the integration of payment options must be seamless when making transfers, and the interface and layout of the transaction page must be smooth to avoid any glitches or errors.

Transaction time

Transaction time plays a vital role in the selection of betting payment methods. You must be able to transfer funds quickly or as quickly as possible to avoid delays, especially while playing live betting.

Security

Security issues are always a concern with payment options. Thus, your selected transfer option must have high encryption standards to ensure the safety of your personal and financial data.

How to deposit in a betting site

Depositing on a betting platform is easy and secure. After considering all the above-listed payment options and choosing your preferred one, here are the step-by-step instructions on how to deposit on a betting site:

• The foremost step is to select a trustworthy and licensed betting site.
• Log in with your username and password. If you do not yet have an account, you can register for one by following the signup process. 
• On your selected betting platform menu, click the “Payment Method” option to view all the available transfer options. 
• Once you have picked the payment option, enter all the required details, including the amount.
• Double-check all the entered details to deposit money successfully and click the “Send” button. If the transfer needs any OTP or confirmation, provide it accordingly.

Top 3 betting sites for deposit and betting

Making deposits on betting platforms is secure; however, finding the platforms with the best deposit methods is tricky. Keeping the user’s data as a concern, we have listed the top 3 betting sites for depositing.

Check these out in the listed table below and pick the one interests you:

How to withdraw from a betting site

The withdrawal of winning funds is one of the most important processes. Most betting sites in India offer secure payment options for quick withdrawals.

In the section below, we have listed a simple step-by-step guide that helps you understand how to make a withdrawal on a betting site:

• To withdraw and win cash without hitches, choose a legitimate bookmaker and play betting. 
• You are ready to withdraw once you have won the bets or any bonuses.
• From your account profile on the betting site, click on the option that says “Withdraw”.
• This will pop up the available amount, which can be withdrawn using all the payment methods offered by the bookie.
• Choose your withdrawal method from the list and simply click on it to proceed further.
• Enter the amount you must withdraw, and fill in any required transaction info.
• Verify all the info once again and press the withdrawal button. 

Top 3 betting sites easy options to withdraw

Among the available Indian betting platforms, numerous payment methods are accessible for withdrawals. We have listed the top 3 options to withdraw the funds, which are secure and trustworthy:

Conclusion - Best Betting Payments Methods in India

In today’s betting industry, numerous payment options are available for deposits and withdrawals with great transaction limits. So, to be confident and avoid being deceived by scammers, you must carefully study the choice of payment tools.

From our analysis, all the payment methods we have listed in the above review are secure and easy to process the funds. Sites allowing cryptocurrency betting are better because they allow users anonymity and may be faster.

In contrast, a good e-wallet can also be a great option for quicker payments, such as Phonepe, Google Pay etc. Every choice has its own unique transaction limits and processing period. However, choosing the best payment method can provide a great betting experience.

FAQs about Payment Methods