If you are into online gambling, depositing money is the primary step after you get yourself registered on the respective gaming site.
Most of us hesitate to make this move fearing our money may be misused or fall into some trap. However, depositing cash in betting sites nowadays has become safest and easiest than ever in any part of the world, including India.
There are many deposit methods you can choose from, depending on what suits you best.
If you are about to enter the world of online betting through Betway and want to know how you can deposit money in Betway from India, read on.
Here are all the possible options you can use to deposit money in Betway or any other betting site in India.
Recommended Payment Methods To Deposit Money in Betway from India
UPI Or The Unified Payments Interface
Many e-wallets operate in India that allow instant transfer from the player’s bank accounts. Some of the most popular UPI platforms used in India are Paytm, PhonePe, and Google Pay.
These are also some of the UPI platforms that you can use for depositing money in Betway. Not only Betway, but more and more online casinos are also accepting UPI payments from India.
IMPS Or Net Banking
Do you feel like it is safer to make deposits through net banking and don’t want to use d-party platforms? IMPS is another viable option in India to deposit money and make bets on Betway.
Unlike the UPI option, net banking or Immediate Payment service sends payment directly from your domestic bank account. If you have activated net banking from your bank account, you can instantly make deposits through your bank account details.
This payment method is simple, fast, and involves no transfer fees.
Another payment method to deposit money in betting sites is through a visa card if you have one.
However, it is not feasible to be used in India as Indian banks don’t usually process betting site transactions. This is because the legality of online betting in India is still not clear. Therefore, banks fear if they are allowed to process such transactions or not.
Moreover, they also fear getting into trouble for sending Indian currency to a foreign country. Therefore, though many betting sites accept money through Visa Card, it is not a feasible depositing option in India.
As an alternative, one can first try to add their visa card into an e-wallet and then try to make the transaction from there. There are chances the transaction will not fail and go through.
Mastercard works in a very similar way as a visa card. Mastercard can also be used for depositing money in betting sites online in India.
However, using Mastercard in India for online betting sites stands in the same position as Visa Card. You can still try your luck making deposits with Mastercard in some of the betting sites like LeoVegas, Royal Panda, and so on.
AstroPay Card is a payment method that allows you to make a deposit even when you don’t have a bank account. These payment methods work well if you don’t want to share your bank accounts details in any case.
AstroPay Card is one such prepaid card that can be used to make deposits on online betting sites Betway and others. You can easily buy this prepaid card online in India through its website Astropay.com via the e-wallets like Paytm, Google Pay, Freecharge, and JioMoney. You can also use the AstroPay mobile app to buy this card and be ready to make payments instantly.
All the well-known and trusted online betting sites accept AstroPay card for making deposits. The best part is prepaid cards are the best and safest payment method considered in India for betting sites.
Neteller is one of the popular betting sites payment methods used all over the world. It is one of the few names you will see as the payment methods of mostly all online betting sites.
Neteller acts as the third party while making payments and transfer money from your bank to the betting site directly without exposing your identity.
You need to first deposit money into your Neteller wallet using a bank account or e-wallets to make payment. The only limitation with Neteller is it charges fees whenever you make a payment from it or make a deposit into it.
Skrill works very similarly to Neteller and is also part of the Paysafe Group, similar to Neteller. Skrill also charges the same amount of fees as Neteller when accepting deposits or making payments.
Cryptocurrency is the newest trending payment method used in betting sites. There are various types of cryptocurrencies accepted by different online betting sites. Some of these include Bitcoin, Ripple, Lithium, and Ethereum.
Not all betting sites accept cryptocurrency. So, make sure your chosen betting site accepts cryptocurrency as the payment method.
Payment Methods That Should Not Be Used
Apart from the above payment methods, here are a few non-recommended payment methods for Indian players.
These include ecoPayz, Neosurf, and MuchBetter.
This was all about payment methods that can be used from India for depositing money in Betway or other betting sites. Play safe; play responsibly!