The safety of your data and funds should be the top priority when it comes to online gambling. When you play at online casinos in a country where online gambling is not regulated, you should pay even more attention. While we have already discussed how to choose an online casino payment method in India, in this article, we will cover some of the best payment methods you can use in this market.
PayTM is one of the most popular payment methods Indian citizens use for paying bills and making purchases online. With more than 100 million users who have downloaded the app, PayTM is a convenient e-wallet that will enable you to make both deposits and withdrawals through it. If you want to use it, choose Net Banking from the list supported banking methods and carry out your transaction via PayTM. It is an electronic funds transfer system in India PayTM transfers are processed through.
Being approved by the Reserve Bank of India, it is a safe local banking solution that protects your data with the 128-bit SSL encryption. Transactions via PayTM are instantly processed. While it may not be available at many online casinos India, some of those that support it even offer exclusive promotions to PayTM users.
Another widely used local payment method is a service provided by the National Payment Corporation of India (NPCI). IMPS is also a mobile payment solution Indian players can use to make transactions straight from their smartphones. What makes it particularly attractive is that it is available 24/7, enabling its users to make money transfers anytime, day or night.
IMPS deposits and withdrawals are processed through National Electronic Funds Transfer (NEFT), an electronic funds transfer system of the Reserve Bank of India. They are instant and secure, thanks to the latest security protocols employed. What’s more important, you do not have to share your financial details with the operator, meaning that IMPS grants 100% privacy.
These global e-wallets are also among the best options for Indian players. They allow casino-goers to make money transfers anonymously, which is of the utmost importance in unregulated markets. While the above-mentioned local payment methods may not be supported by many online casinos catering to Indian players, Skrill and Neteller are available at most reputable gaming venues.
If you opt for these e-wallets you will be able to fund your casino account and clear your winnings from it quickly and with no additional fees charged by the operator. However, keep in mind that at some casinos, deposits made via Skrill and Neteller may be excluded from welcome offers.
In this article, we have listed the payment methods that we find to be the best options for Indian players taking into consideration the legal status of online gambling in this country. Although you can use bank transfer, credit or debit cards to make your online casino deposits and withdrawals, they may not be the safest option because you have to reveal your financial details to the operator.
If you are into cryptocurrencies, you can consider using them as well. Most Indian-facing gambling sites support Bitcoin as well as other digital currencies like Etherum, Litecoin or Tether. All of them enable you to make fast and safe transfers while granting total privacy. Here, on Indian Casino Club, you can find articles on the advantages of using cryptocurrencies for online gambling, so make sure to read them before you opt for them.