Bookmaker Payment Methods
How to deposit money to an Indian Bookmaker?
The question of how to deposit Money into a Betting Site in India may make any punter hesitant about going gambling online for a casino or sportsbook. It is important to choose the right payment method so as to avoid unnecessary fees and longer waiting periods than required for payment processes to be initiated. With the increase of online casinos, a lot of payment methods have been introduced as well, which includes modern e-wallets.
A good and legit online gambling service provider offers multiple deposit methods for betting in India. Before diving into any online operator, you must be aware of the fee structure and if the payment method is secure or not for Indian punters. There are a lot of Deposit Methods for Betting in India like Skrill, Neteller, PayPal, Much Better, etc. you can find on reliable gambling sites.
Most popular payment methods
When a punter finally registers with an operator, typically the next step is to deposit money into a betting site in India. The first question that comes to every punter’s mind is, “Is this deposit method safe?”. All the online casinos we recommend to our readers are legit, and so are their payment options. In fact, safe and secure transactions are the operator’s top priority. Each payment method is monitored and controlled by a proper authority to avoid any theft and fraud. The details you give out to the operator are all encrypted and are taken great care of using SSL encryption and firewalls.
Good operators use standard payment methods, which are very strict in dealing with your financial data, further giving you security. Remember to use only those methods and not to deposit money into a betting site in India in a way that is not mentioned on the operator’s site. The operator should never ask for your sensitive details like CVV, OTP, or passwords online.
Average times for deposits and payouts
At Wetten, we review the banking options of each operator and offer you relevant details like the deposit methods for betting in India, the withdrawal methods, the fees they charge for any transaction, the processing time, and the currencies they accept. Usually, payments made using E-wallets and credit and debit cards show your funds instantly on your account. It is only bank transfer, which usually takes more working days.
Similarly, for withdrawal as well E-wallets take a maximum of 12-24 hours, while traditional bank transfers take 8-10 working days. Withdrawals for credit and debit cards can take 2-3 working days. Further, a few operators add an extra 24 hours in withdrawal, giving punters some time to change their minds. The general processing times are almost alike across all the operators. If you feel that your funds are not reflected in your account even after the given time-frame, or you did not receive your money, you could wait for another two days and then contact the customer support department of the operator. You could also check with your local bank if the delay is from their end.
Payment methods verification requirements
Before you make any payments or withdrawals with a payment provider, it is mandatory to verify your identity before you move further. If you give out any false details, the chances are your account will not be verified. Especially when it is time to make a withdrawal it requires a lot of details including but not limited to your first name, last name, full address, contact details, email, and most important – your proof of identity. It is mandatory to follow all the terms and conditions of a payment provider.
Here are the documents you will require to verify your account with any payment provider which can be used as deposit methods for betting in India.
- Proof of identity: This must be with your picture. Example: Aadhaar card, Driving license, or your passport. Most of the gambling online sites are based internationally, so it is important to verify yourself using a more standard identity proof like an Aadhaar Card or passport before making deposits using a payment operator. If you are thinking of giving your election card, or a pan card, chances are it will get rejected.
- A utility bill with your full residential address. The bill should not be less than three months old.
- In some cases, you will also need to give a bank statement with your bank’s stamp and signatures and your name and complete address on it.
Editor’s recommendation – operator with the fastest payment handling
Deposits are already almost instantaneous through various payment modes and so operators spend a lot of time trying to improve their withdrawal speed to gain more customers. With new techniques in payment methods, faster withdrawals are no longer a dream. Gone are the days when withdrawals took days to reflect in your bank accounts. The entire process can be completed in a matter of minutes. To the extent, some of the online casinos make the payment on just a click! We help you find the best operator with fast and secure payouts. Our editor’s recommendation will show you why an operator is preferred over others due to the ease of payment processes.
Payment method FAQ
Q1: What are the Top 5 mistakes to avoid when making a deposit?
Answer: The top five mistakes you must avoid while making a deposit are:
- Giving out false information to the operator: If you give out false information, you will never get verified, and if you win big on the casino, your winnings will be confiscated.
- Not checking the conversion fee: A lot of operators do not accept Indian rupees. You must check the conversion fee before you initiate any deposit.
- Depositing a large sum of money: If you Deposit Money into a Betting Site in India a lot of money in the very first go in the greed of bonuses, this is a dangerous move. You need to go easy at first.
- Depositing too little money: You may deposit too little money and lose the welcome bonus – so check the minimum deposit required to unleash the bonus.
- Depositing using e-wallets: If you Deposit Money into a Betting Site in India using e-wallets, you may lose your welcome bonus for a few operators since e-wallets are not considered eligible for bonus by many operators.
Q2: Do I need to use the same deposit and withdrawal method?
Answer: To support the Anti Money Laundering Act., most of the operators these days prefer punters to deposit and withdraw using the same method. It also helps in saving time, and you do not need to re-verify yourself for another payment method. It is best to speak to the customer service department because every operator has a different policy.
Q3: Why does an operator block my account?
Answer: There could be several reasons why an operator can block your account. It could be anything from providing false information during registration or giving false documents to the operator. It could also be if you try to create multiple accounts for getting more bonuses. It also could be because you couldn’t verify yourself by giving out wrong birth details or residential address in a live chat, or because you act suspicious or are involved in fraudulent activity.
Q4: What payment method will get me a bonus?
Answer: Every operator follows a different set of rules. Where one operator welcomes you with bonuses no matter what option you select in depositing funds, another operator may not offer you a bonus if you picked up specific payment methods to fund your account. Usually, the method of payment is mentioned in the terms and conditions of your bonus. You must refer to it before you initiate any deposit in your account.
Q5: Are the processing time the same for all the payment providers?
Answer: No, the processing time varies from one method to another and also from one operator to another. Here is a quick table to explain to you how it works, but keep in mind, it could also depend on the operator you pick:
|VISA and Mastercard||Immediate|
|Bank wire||2-10 days|
|VISA and Mastercard||1-5 working days|
|Neteller||Within 12 hours|
|Skrill||Within 24 hours|
|Bank wire||2-10 working days|
Payment Methods available for Deposit on Indian Betting sites
Here are some common ways you can Deposit money into a Betting Site in India:
Credit cards are one of the most popular methods to Deposit Methods for Betting in India. It is accepted by almost all the casinos online without any issues. Most of the punters own a credit card. However, your bank must allow you to use your credit card on a gambling site and on an international website.
Debit cards, just like credit cards, is another popular method and accepted by all the online casinos. The debit card must be enabled to work across international websites, and the money gets deducted directly from your account.
It is one of the trusted methods, and punters can use their American Express Card to make trusted and secured transactions. The limits are better, and it is accepted by a lot of operators online. Deposit money into a betting site in India is easy and straightforward.
It is a prepaid card solution that is now available in India as well. It is gaining popularity because of secured transactions and ease. A lot of operators offer Paysafecard as one of its trusted methods of payment. Topping up your card is also easy with Paysafecard. The processing time is not very high, which is a benefit here.
It is one of the most secure ways to deposit money into a betting site in India. Top operators accept PayPal, and we give preference to this method because it is super safe and easy. However, due to its strict nature, not many operators offer the PayPal method. The processing time is less in PayPal, and it is used by millions of users.
It is one of the most popular e-wallet methods which you can find on most of the operators online. Deposit money into a betting site in India becomes easy using Neteller. However, you must check if this disqualifies you from the welcome bonus or not. The processing time is almost instant using this method.
It is another e-wallet method available online. It is a trusted and secure way of depositing funds online. It accepts a lot of currencies, making it very convenient for the users. Again, you need to check if you will be eligible for the welcome bonus if you deposit money into a betting side in India using ecoPayz. The processing time is very less in ecoPayz.
The oldest form of depositing money into your account is through Bank transfer. It is great for punters who do not have much understanding of cards, but it takes a long time to process, making things super slow. Additionally, there is a fee involved when you use this method.
Deposit Money into a Betting Site in India needs a little knowledge to gain the best of the bonuses and also to get withdrawals easily in your bank account. It is important to follow the rules of the operator and also your bank. Every operator works differently, and so does every payment provider.
Once it is confirmed that the operator is legal and has the right licenses, you can be sure that your money is in safe hands and you can safely use the deposit methods for betting in India. It is important to follow the proper steps so as to get your winnings without any frustration. Since most of the operators are based abroad, it becomes crucial to read the terms and conditions and speak to the customer service department relating to any queries relating to their payment methods. You can also contact the customer support of the respective payment operator.