Page updated on: 28.05.2020
Popular Payment Methods for Online Casino Players in India
Selecting a payment method is an important factor to consider when playing at an online casino, as each provider has their own advantages and disadvantages. You might not want to use a credit card, or you don't have one, so you might want to consider an electronic wallet to make payments, or a voucher.
Players from India have a number of payment methods available, many of them are international e-wallet operators, who offer cost-effective and fast payments to and from the casino. Most of these payment methods also accept transfers in Indian Rupee, which will make it cheaper for the user. However, in this case you also might want to select an online casino that supports Indian Rupee as an account currency, because otherwise currency conversion fees apply.
Neteller is a popular e-wallet payment method that is accepted in many countries of the world. You can load money into your electronic wallet and spent in online at shops or casinos and gambling websites. It's one of the most-accepted payment methods at casinos. Payments with Neteller are processed fast and fees are low. Indian Rupees INR are also accepted as an account currency for Neteller.
Another e-wallet, operated by the same group that offers Neteller, the Paysafegroup, is Skrill. Similar features and prices and availability make it a good choice to facilitate payments online to shop, casinos or friends. You can also register your account at Neteller with INR Indian Rupees.
Another e-wallet option widely accepted at online casinos is Jeton. You can register a Jeton Wallet with Indian Rupees as a currency, load up the wallet and then spend it online. Payments are send instantly and are often free for the user as well. It's a convenient and super fast payment method available for Indian users.
Another e-wallet service is Ecobanq, which is specifically targeted towards players from India and accepts Indian Rupee as a currency. It's accepted in some online casinos, and not as widely available as other payments methods. Payments are fast and cheap. Just like other e-wallet accounts, it needs to be funded first, and you can use credit cards or bank transfers from a participating bank in India to load money into your Ecobanq account.
UPI Net Banking
UPI is a system for instant bank transfers, and now also accepted at some online casinos. You can make a fast bank transfer through your online banking, which only takes a few minutes to be processed. Deposits and withdrawals are possible through UPI Net Banking, making it a secure and convenient payment method.
Ecopayz, yet another e-wallet service, is a UK-regulated payment provider, who offer their services worldwide. Payments are secure and fast, and the fees are reasonable. Another plus is that Indian Rupee currency is also supported as an account currency. The payment method is accepted at some online casinos.
The Astropay Card is a digital voucher that can be purchases in many different currencies and then be used to pay for purchases online. It's not widely accepted yet, but the number of online shops and casinos accepting these vouchers is growing constantly.
MuchBetter is a relatively new e-wallet option that is gaining popularity in online casinos and shops. Although it accepts only Euro, British Pound and US Dollar as a currency, it can be an alternative for Indian casino players who don't wish to spend Rupees in the casino.
Credit and Debit Cards Visa, Visa Electron, Mastercard and Maestro
Most online casinos accept payments made with credit cards Visa and Mastercard. Depending on your issuing bank you might incur fees for using them. Credit card payments are secure and fast, but withdrawals back to them aren't always possible. Some casinos also allow you to use Visa Electron or Maestro debit cards.
There are many payment methods available which online casino players from India can use to make deposits and withdrawals to the casinos. Not every casino offers the same payment options, and some are more commonly accepted than others. You can find an overview of some of the most popular payments for India users here on this page.
India players have many options available, including UPI Net Banking, e-wallets like Ecobanq, Jeton, Neteller or Skrill, voucher payments and credit or debit cards. Many of these payment options also allow INR payments, which means you'd save on conversion fees when you also play at an online casino that supports INR account currency.
There are a few e-wallet options available for users residing in India. Jeton, MuchBetter, Ecobanq, Neteller and Skrill are popular options, most also allow for INR account currency for the account. Using an e-wallet has many advantages, as you won't have to make a direct deposit from your bank account, and payments are processed very fast, although the services won't be free of charge.
Playing online casino games for real money can be a safe activity, provided you keep some things in mind. An important aspect is the license of the casino, as it gives you an indication of how much the casino operator is supervised and how strict the regulations are that they have to follow. But it's not only the license, also the reputation of the casino that is important.
Casinos recommended at CasinoDaemon.com have a valid licensed and a good reputation with the players. Most casinos are licensed by the MGA or the UKGC, which are among the strictest in terms of fair games, player protection and safe gaming, and some casinos are licensed in Curacao, which is less safe in general, but this doesn't meant that they cannot be trusted.
Many casinos allow for bank transfer deposits and withdrawals. For Indian players, there is also the option of using UPI Net Banking, the fast payment system allowing you to deposit from your bank through a mobile app.
Once you've played at the casino, and won some money, you can cash out legitimate casino winnings. Legitimate in the sense that you have to wager the deposited amount at least once in the games, before a cashout is allowed, which is due to anti-money laundering provisions.
Also, if you've opted to receive bonus money, it cannot be cashed out, you need to fulfil the bonus wagering requirements before bonus money is converted into real money. The wagering requirements are detailed in the bonus terms, and they vary in every casino, with some are being less restrictive than others.
Most casinos have a policy to process withdrawals only to the same payment method that you initially used for the deposit, unless this isn't possible, for example when you've used a voucher. Available payment options will be presented to you when you go to the cashier of the casino and request a withdrawal.
The casino will also perform several checks before they send you the money, which can take some additional time. They may also ask you to verify your identity with them, which is common practice in licensed online casinos, and they can refuse to pay out your winnings if you don't provide adequate documentation about your identity.
Depending on the casino's payment policies, withdrawal limits or restrictions, and your account verification status, you can expect to get the payment within a few hours or days.