It has become apparent that there are thousands of online casinos throughout the world, and now, just as many payment methods have cropped up, both safe and secure ones, for avid gamblers to choose from.
Nonetheless, there may be some that are not so safe and secure, and if you don’t want to lose your winnings or hard-earned money to some of the fraudsters out there, you should read this article, as we have chosen a select few of the many banking and payment methods that you can register and start using now when your playing those table games or online slot machines.
Choosing a platform, to begin with, is a daunting thing when faced with so many options, however, this is the start in the right direction, and there are so many different sites to choose from, so doing some research and well-thought-out homework before registering on any of the sites, is key.
The point to note is that not all online gambling or casino sites have their customers’ best interests at heart. Some only have a few games to choose from, others don’t have as many secure payment methods, while at the other end of the spectrum, there are fake and fraudulent sites being set up to dope people into registering with their details and bank card information just to get their identity stolen or bank account wiped.
It can be scary, but with the right information, from a trusted source, many accept payments via a verified means for example 10cric.com accepts payments via astropay India or Betway accepts payment via PayPal or VISA and Mastercard, for example. The guide below will give you some insight into which payment methods to look for on any online casino gambling site, or sports betting platform, so you can feel better about registering onto it. But first, a few things to note.
A Bit of Background Information
The Payment Settlement and Systems Act, in India, grants establishments such as the Reserve Bank of India (RBI), the authority to vet all forms of electronic payments. The selection includes some of the major debit and credit cards, e-wallets, prepaid cards and services, and more. The RBI has the authority to make online gambling intensely stringent when it comes to the various allowed payment methods. Having said that, the online casinos in India are safeguarded and backed by their security systems for the most part.
On the various well-established and popular sites, these payment methods have their stringent security protocols that are made clear on the provider’s platforms, in addition to their security profiles which are highly developed to provide a secure way of performing transactions for its users and players, and now even cryptocurrencies have become part and parcel of most online portals.
Instead of jumping at the chance of adding your personal and banking information on the first site you find online, try and look for the sites that do not ask for this type of information and instead go for the ones that are linked to your bank account, which is already a verified method of online payment. So, which ones are the most secure ones to choose from, the selection of a few of them will give you a good head start.
Some of The Many Top Banking Methods to Use in Indian Online Casinos
An online wallet and one of the decent ways of transferring money and performing various transactions is Skrill. It has been in operation since 2001 and gives its customers an easy, user-friendly and secure means of depositing and withdrawing money from most online casinos and gambling websites.
If you are on mobile, all you need to do is download the app, register and link your account. Plus you can collect points and win rewards for every transaction you make. Once you have enough points, you can exchange them for bonuses or cash rewards, for example.
A popular mobile app payment method in India Paytm is also part of the many online casino websites. It uses a gateway via the UPIs Net banking option and is free to use, not to mention fast and secure. This method, too, gives you points and many different perks to choose from such as extra bonuses in and outside of the casino’s platforms.
MasterCard or VISA
Two of the most popular ones are Visa and Mastercard which are undoubtedly two of the most used methods of payments not only in India but throughout the world. Both your credit or debit card can be used at an online or land-based casino safely.
When using it, all you need to do is enter your card details with the casino’s cashier and off you go to the races! The only criteria to look out for is that your card is already linked to a bank that allows for casino transactions.
IMPS (Immediate Payment Service)
IMPS and UPI have become some of the top favourites for many within the casino industry in India. Many establishments and online platforms use this as an option for their customers. It allows you to withdraw and deposit funds between your bank account and the casino’s website.
As you can see some of the main criteria involve linking an existing personal bank account to your e-wallet or payment method. If you are keen on trying the cryptocurrency option, that is something you can do too. This undoubtedly innovative technology, known as blockchain, backs up the majority of the cryptocurrencies on the market. It is integrally secure and based on a decentralized and public distributed ledger technology and every transaction made using this digital currency is encrypted.
Other selections include Astropay, Paysafe card, ecoPayz, Neteller, Google Pay, and Payeer. Always make sure you understand the terms and conditions of the website and check that they are fully licensed and operating within the laws of gambling. All in all, make sure you have fun and enjoy every game to its fullest knowing you are in safe hands.