Home » Casino news » Best e-Wallets for Indian Players
Online gambling in India is a complicated matter. Every player from India is intimately familiar with this issue. Our laws do not allow for gambling but have not yet been updated to fully combat playing online. This does not mean the government has not taken steps to restrict deposits and withdrawals. That being the case, many punters have turned to e-wallets to save the day.
E-wallets are particularly useful for players in India. They circumvent the restrictions placed on banks when it comes to processing transactions to gambling websites. After all, all your bank sees are deposits and withdrawals to your e-wallet of choice. If you have never used one before, we recommend trying the following payment methods. We played with them ourselves and can vouch that they work flawlessly.
If you have ever played with an e-wallet, odds are it was probably Skrill. It is by far the most widespread among them all, and for good reason. It is considered a default payment method for many punters. It is supported by almost every online casino we can think of, as well. This makes it a great choice for Indian players looking to make deposits and withdrawals without any headaches.
This payment method was designed specifically for online gambling payments before expanding into other markets. As a result, they offer incredibly fast transaction processing times. Most deposits and withdrawals from casinos are free of charge, which is another major plus for Skrill. The only fees you have to pay are when you are transferring funds from Skrill to your bank account.
One downside worth mentioning is that many online casino welcome bonuses cannot be claimed with a Skrill deposit. Registering a Skrill account is incredibly easy. Great for attracting new customers, but it causes issues to online casinos. Still, this is the only notable flaw we can think of. Much better than praying that a transaction goes through when using a credit/debit card!
Another popular e-wallet choice is Neteller. It has the benefit of seniority, having been founded in 1999. The company accepts customers from over 200 countries worldwide, and India is one of them! Its age and a large number of users make it very popular with online casinos. As such, any operator you are interested in will probably allow deposits and withdrawals using Neteller.
Deposits using Neteller are processed within seconds and immediately appear in your casino account. Withdrawals are only held back by the need for the website to process the payment. You can usually expect it to appear in your e-wallet balance within 24 hours. Like Skrill, you do not have to pay any extra fees when making deposits and withdrawals.
That is not to say there are not any costs. You will have to pay some fees when depositing into Neteller from your bank account. Likewise, withdrawing money from the e-wallet back to your bank requires you to pay a certain amount. Like Skrill, Neteller deposits are usually disqualified from welcome bonuses. Not great, but a small flaw in face of all the benefits it brings Indian punters.
Our last e-wallet is the latest entry into the market. It was founded in 2017 and quickly exploded in popularity. Like Skrill before it, it was designed specifically for online gambling payments. As their name suggests, their goal is to be MuchBetter than the competition! All transactions are handled through their mobile app, which is available on both Google Play and the App Store.
Like its predecessors, deposits and withdrawals are handled at lightning speed. Deposits will appear instantly in your casino balance, while withdrawals can take up to 24 hours. In addition, after verifying your MuchBetter account, you will be eligible for a free prepaid MasterCard. Instead of having to transfer your wins to your bank account, you can use the card to withdraw the funds directly from an ATM!
Unlike the previous two e-wallets we mentioned, we have yet to see MuchBetter restricted from claiming a welcome bonus. The only downside is that not many online casinos have accepted this payment method just yet! This is the only thing keeping us from declaring it a definite Indiancasinoclub.in favourite. However, if the company continues to grow, it is only a matter of time until that problem solves itself.