The legalization of online sports betting in India is allowing increasing numbers of Indian punters to place bets on their favorite sports. Many online bookmakers now accept bettors from India with an increasing number of sports betting options and markets. Not just on the sports popular in India, but passionate punters can place bets on other international sporting events as well. Also, some online betting apps accept deposits in Indian Rupees.
Before getting started with a profitable hobby of online sports betting in India, it is important to create an account on a betting site that lets you have a lot of fun and make a good amount of money in the meantime.
When selecting a reliable bookmaker, it is essential to take your own preferences and certain vital things into consideration. It includes the selection of sports, customer support options, live streaming, in-play or live betting, welcome bonus and regular promotions, and most importantly deposit and withdrawal methods. Ensure that the bookmaker you sign-up with offers a wide range of deposit methods to let you pick one that suits your needs.
How To Deposit Money At Licensed Online Betting Sites In India?
Being able to safely deposit money in preferred local currency at your convenience is very important while placing a sports bet online. There are a number of banking options available to India based punters.
Here are some ways in which Indian sports punter can make deposits at online bookmakers.
The best deposit method is e-wallets such as Skrill, Neteller, and PayPal. These are widely popular options for Indian punters due to their simplicity and convenience to use. The transactions are processed quickly almost instantly most of the time. These platforms facilitate deposits in a variety of currencies including Indian currency – INR.
Some of the reasons why most players prefer to deposit money using e-wallets are as follows –
- Easy To Use: Beginners, as well as regular sports punters, can easily deposit the funds using e-wallets that provide multiple options such as bank transfers, e-checks, and credit cards.
- Safety And Privacy: You can rest assured about privacy while depositing the funds. No personal data of a user is shared or disclosed to 3rd parties. Even a customer can access the history of all transactions made by him or her.
- Trustworthy: E-wallets are reliable payment methods as these are available 24/7 to make transactions at any time and quickly transfer the funds to selected bookmakers.
- Pre-Paid Debit Cards
These are another payment methods Indian punters can use to make deposits with the convenience of a credit and debit card. However, this will take little extra time as there is one step that players need to work upon. A gamer has to buy the pre-paid card and fill it with enough money before depositing the fund. Once they end with it, a pre-paid debit card will work in the same way as followed while using a regular credit or debit card.
- Bank Wire
This is one of the most preferred banking methods for quickly depositing the funds. In this process, money is transferred electronically from a user’s account to the bookmaker’s account. Before using this method, a customer has to inform his/her bank to deposit the specified amount. IBAN and BIC code are essential to quickly complete the transfers usually within the duration of 24 hours to 5 days. The major drawback of this payment method is that it charges certain extra costs for processing the transaction.
- Debit Cards
The use of debit cards is still in the use in India for online sports betting payment. The increasing number of online bookmakers are providing this option to their customers to offer instant access to their money with 100% protection. Apart from complete safety, the ability to keep a track of financial activities is another advantage of Debit Cards. Even some bookmakers also offer some bonuses and free bets to those customers, who keep their debit cards on their portal. The main negative point of this payment method is that a customer has to verify his or her details every time a betting deposit is processed.
Don’t forget that some Indian banks are fairly conservative about making transactions to online betting sites. So, it might be difficult for you to deposit the funds straight to a bookmaker using this method as the bank may decline that transaction.
This is a cyber-currency that is widely used in different fields across the world including online sports betting. Depositing the betting amount with Bitcoin is becoming more and more popular day by day for improved security and increased transaction speed. It is possible for a punter to speed up their payout time using Bitcoin that comes with no or fewer transaction fees. This easy to use and the convenient currency is helpful to players to make deposits or withdrawals in just a couple of minutes.
How To Make Deposits Without Having A Bank Account?
Don’t you have an account in any Indian bank? Wondering how to deposit the required fund to start online betting fun? Not to worry as making the deposit at online bookmakers without using a bank account is possible in India. Although it might be a little tricky, you can deposit the money by purchasing a Paysafecard with Indian cash rupees. You can buy it from any reliable Indian local reseller.
However, you have to put some extra efforts to locate the resellers as Paysafecard is not officially launched in India yet. So, there are only a few local resellers mainly in bigger cities such as Chennai or Mumbai. Another option is to take help from other people owning a MasterCard or VISA. Let them transfer the required fund into your e-wallet account – Neteller or Skrill in exchange for cash.
In What Ways To Deposit The Funds If You Have A Bank Account?
Transferring the funds to online sports betting sites becomes much easier if you have an account in any bank of India. You can use e-wallet options such as PayPal, Skrill or Neteller as described above. Another method is of a bank transfer, but it is generally recommended to avoid the use of this option. The reason is that it may not be processed by specific banks in India as they do not allow transactions to gambling sites due to strict laws in India.
Although online sports betting is legal in India, some banks still worry about the laws and prohibit the transfer of funds to and from online bookmakers. You would not find these problems while using e-wallet options so they are completely safe to use.
Top Payment Methods Accepted By Reliable Online Bookmakers In India
So, you have learned about the payment methods you can safely, easily, and conveniently use in India. Now, the question is which trusted bookmakers accept Indian sports punters and these banking options? Here, we have composed a list of the most important sports betting sites in India along with the deposit methods offered by them for Indian players.
- Bet365 – MasterCard, VISA, Maestro, Neteller, Skrill, AstroPay Card, Skrill 1-Tap, Bank Wire, VISA Debit
- 22Bet – Credit/Debit Card, EcoPayz, MasterCard, Neteller, AstroPay Card, Entropay, PayPal, Skrill, VISA, Paydunya, Skrill 1-Tap, Various E-Vouchers, Airtel Money, FastPay, Cryptocurrency, Paydunya
- Betway – MasterCard, Neteller, EntroPay Card, VISA, Bank Wire, Skrill, EcoPayz, PayPal
- 888Sport – EcoPayz, MuchBetter, AstroPay Card, PayPal, Skrill, Credit/Debit Cards, Neteller
- 10Cric – Skrill, Neteller, Bitcoin, EcoPayz, AstroPay Card, VISA Electron, MasterCard, VISA, Direct Bank Transfer, Maestro, Paysafecard, VISA Debit
- Royal Panda – AstroPay Card, VISA, Bank Transfer, VISA by Voucher, Neteller, Credit & Debit Card, Skrill, Paysafecard
- LeoVegas – Credit/Debit Card, Trustly, Maestro, Neteller, Paysafecard, Skrill, POLi, VISA, MasterCard
- Unibet – Neteller, Credit/Debit Card, PayPal, Entropay, Skrill, Paysafecard
- 1xBet – Entropay, Visa Credit Card Vouchers from ICICI Bank, AstroPay Card, Credit/Debit Card, Neteller, PayPal, Skrill, EcoPayz
All of these bookmakers are licensed and regulated by the world’s trustworthy authorities and jurisdictions such as the United Kingdom Gambling Commission, Malta Gaming Authority, etc. You will find a wide range of betting markets for multiple sports including Football, Cricket, Table Tennis, Hockey, Kabaddi, Tennis, and lots more. So, pick any of them considering your preferences.
As we have reached the end of our post on “how to make deposits in top online betting sites in India”, it is now a good time to have awesome sports betting experience. Register an account with a recommended bookmaker and start placing a wager on your favorite sport in a safe, secure, and fair environment. Just keep in mind that you use the best payment method to qualify for some amazing betting bonus offers. Check the deposit limits to ensure that you don’t go beyond your bankroll and enjoy betting responsibly.