When you want to play online casino for real money you have to choose a method of depositing cash into your account. There are a whole host of different payment methods available to a casino player so it’s only right that we take a look at them and find out which is the best method for you. And that’s the key to it – which is the best payment method for you? Different people will prefer different methods so you have to find the one that is best-suited to your needs.
Types of Payment Method
There are hundreds of different payment methods available around the world, but we’re only worried about those that you can use with online casino sites in India. It makes sense to group the different payment methods into categories before we go on to discuss which ones are the best for you.
Let’s begin with E-wallets. Now E-wallets are a digital account which can be used for a transaction made via a computer or smartphone. This digital wallet has to be linked with a person’s bank account to make payments. The largest example of this in India is PhonePe, a digital wallet and method of making online payments using UPI. All PhonePe services can be accessed through their app.
When you have setup your E-wallet account you are then able to make secure payments immediately online without having to fill in all your personal details. All you have to do is enter your password and the banking form will be filled in automatically and the payment can be made.
The most popular examples of E-wallets that can be used at online casinos in India are Skrill, Neteller, Webmoney and MuchBetter. The latter is one of the most modern E-wallets and offers customers a range of payment services. Check it out here.
Bank transfer, or wire transfer as you might have heard it called, is a way or transferring funds from one bank account to another. A bank transfer in India is often made using UPI and takes place from one person to another, but it can also be made from a customer to a business. In our case, from a casino player’s bank account to a casino website’s bank account. This is a really popular method of payment in India.
The main advantage of using a bank transfer with a casino is that you don’t need to sign up to any other payment providers, you can just use your bank account to carry out the transaction. Most of the time you will be able to do it yourself using internet banking. It does have some disadvantages as well, but we’ll discuss these on our Netbanking and UPI review page.
Cryptocurrency has become a hot topic in the last few years, with more and more people choosing to use it. Now, there are many long and complex definitions of what cryptocurrency actually is but we’ll keep it simple for you – cryptocurrency is a form of digital cash. It’s similar to regular money — think Dollars or Rupees — but it’s digital-only, so there are no bills or coins to carry around. You have digital cash in a digital wallet.
Bitcoin, Litecoin and Ethereum…..sound familiar? These are probably three of the most well-known forms of crypto and can be used at most online casinos which accept this form of payment method. Check out our crypto page to see which casinos will accept the world’s newest form of currency.
Credit and Debit Cards
Credit and debit cards can be used at pretty much all online gambling sites – Mastercard and Visa being the most well-known. You will have to fill out your details online when using this payment method which sometimes puts people off. However, as long as you are playing at a reputable online casino site, like those featured on Luckydice you should have nothing to worry about.
The best way to describe pre-paid cards is that they are similar to a gift voucher. You can load cash on to them and then use them in some shops or online. They can also be used like a bank account if you can’t get one.
Certain prepaid cards like AstroPay are more popular and more readily available in different countries. We will take a look at the best to use in India for depositing to online casinos.
Our Top 5 Recommended Payment Methods
1. Netbanking & UPI
India’s favourite way to deposit and withdraw. Find out how to transfer using Paytm.
Use this trustworthy electronic payment system to deposit your cash immediately.
An international E-wallet that accepts Indian Rupees and makes deposits and withdrawals really simple.
Use Skrill to make simple and secure payments instantly to your casino account.
A pre-paid card that is accepted at a wide range of Indian online casinos.
As we mentioned in the intro, it’s really important to select a payment method which suits you. There are so many different options, especially at some of the bigger casinos like 1xBet, it’s worth knowing which are the safest and most cost-effective methods. Read our top 5 recommended payment methods and see if any of them suit you.