Top 5 Banking options in India 2020
Bettors have quite a few banking options when it comes to making deposits and withdrawals at Indian online casinos. However, some options are better than others and that is especially the case in India considering the banking laws frown on making transactions with gaming websites. It is because of that where eWallets and other forms of banking options have become popular with Indian punters.
Here are the top five banking options in India in 2020:
Neteller is a reputable and well-known eWallet that is great to use at Indian online casinos. It is very easy to use, offers very fast payment processing, gives more than solid 24/7 customer service, has a VIP program, and has top-notch security. It has multi-currency wallet support and another reason it is great for making transactions at Indian online casinos is that the eWallet accepts rupees, which means there will not be any forex conversion charges.
It is very simple to add rupees to your Neteller account and it is also easy to transfer rupees from that account to the account at the Indian online casino that you play at. You can avoid all issues dealing with an Indian bank and the taxes and penalties that can come with online gaming transactions by using Neteller to make deposits and withdrawals at an Indian online casino.
Skrill is an eWallet that has a great reputation, is easy to use, and is accepted at nearly every legitimate online casino. There is 24/7 customer service available, there are low fees, and processing times to your casino account are instant. While Skrill is widely used by many Indian bettors the eWallet is known for dealing with online gaming transactions. Because of that, there may be issues. Still, you can set up a Neteller account and then transfer funds to Skrill or set up another Skrill account for non-gambling purposes.
Skrill accepts rupees as a currency and there is also a VIP program, which can give you a lot of perks such as lower fees and higher limits, and it is simple not only to fund your Skrill account but from that account to your Indian casino account.
PayTM Is India’s leading online payment service and many Indian casinos accept it for a banking method. It is a very secure way of taking care of financial transactions at gaming websites since it has the latest 128-bit SSL encryption. Not only that but it is regulated by the Reserve Bank of India, so you know your money is safe. There are no deposit fees at Indian casinos using PayTM, processing times are instant, and 24/7 customer service is available.
When touching on the PayTM customer service there is not only e-mail support, live chat, and a toll-free number but catering to the Indian market you can speak or chat t a customer service representative in English and Hindi. Withdrawals can also be taken care of at Indian casinos using PayTM and banking issues are taken out of the equation since the payment service is not specialized for online gaming. On top of that catering to the Indian subcontinent rupees is, obviously, the main currency.
Paypal is a trusted banking method at many Indian online casinos and the reputable company is well-known the world over. Considering Paypal is an international payment processing service where online gambling is now the specialty than Indians can easily make deposits and withdrawals to their casino account. The convenience of using it is one of the reasons it is so popular, safety and security are unparalleled, and not only are depositing processing times instant but withdrawal processing times are faster than other banking methods.
Setting up a PayPal account is very easy just as it is easy to then deposit funds from that account to an online casino. It is becoming increasingly easier to find Indian online casinos that accept PayPal for taking care of deposits and withdrawals and there are many reasons why over 100 million people around the world use the reliable banking method.
MuchBetter is becoming more and more popular with Indian punters and as a newer eWallet, established in 2017, more and more Indian online casinos are accepting it. All of the banking transactions are done through a mobile application and security cannot be beat. It is very convenient to use the eWallet to deposit and withdraw money from your Indian online casino account and have very fast processing times.
One thing that can arise when using MuchBetter is the Indian banking law issue. MuchBetter specializes in online gaming transactions and because of that, you will need to have something such as Neteller or an international credit card to deposit funds back into the Indian bank you use. Still, MuchBetter is a very popular banking method these days and with good reason.
Last Updated on September 25, 2020