Casino Deposit & Payment Methods
Players need to deposit their betting funds to play in an online casino. Since there is no possibility of paying with cash, players need quick, safe, and secure deposit and withdrawal methods to help them transfer their funds efficiently.
Every payment method has its pros and cons, which players should be aware of and select the method best suitable for them, their style, and possibilities. Keep reading and find out everything you need to know about the payment methods available in online casinos.
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How Deposits & Withdrawals Work
To deposit the money to your casino account, you have to be a registered member with a confirmed profile. But, before asking for the first withdrawal, every player needs to confirm their identity by providing some documents to the online casinos. That procedure is known as the KYC or Know Your Customer procedure and is necessary to protect the real players from possible fraudulent activities.
Depending on the online casino, it includes submitting an ID card/passport/driver’s license and a bank statement or a utility bill. These documents are meant to verify the data you registered with – personal information, place of residence, and that you are of legal age to bet.
Some players try to register with incorrect data for various reasons. For example, their country of residence may not qualify for bonuses and promotions, or they are underaged and want to trick the online casino.
To avoid any misunderstandings and negative consequences, we strongly advise our readers to always register with accurate data and start the verifying process as soon as possible. If needed, you can always contact customer support and ask for some guidance. Being proactive about getting verified can also get you approved quicker.
Bitcoin Payments are Very Fast
Bitcoin and all the other cryptocurrencies represent instant, low, or no-fee payment methods that are known for their anonymity. When depositing money with crypto, a player does not have to reveal its identity or almost any personal information.
Simply connect your BTC wallet with the online casino account, decide how much funds you want to transfer, and confirm the transaction. To have your BTC on hand, we recommend using a hot wallet that you can use every day and a cold, offline wallet where you can transfer your winnings.
Popular UPI Payments
UPI payments are very easy to make and user-friendly. They can be done 24/7 and with any device as long as it has an internet connection. With these advantages, it’s no surprise that UPI casinos are so popular among users from India.
PayPal Payments are Very Easy
Due to PayPal’s policies, it can sometimes be hard to find an online casino that accepts this deposit method. But this convenient e-wallet requires you only to share your login credentials and a password when depositing or withdrawing money from your online casino account.
Quick and efficient, PayPal has around 300 million users all over the world, including Indian players. Deposits are available instantly on your casino account, while withdrawals can take one to two days to be visible on your PayPal.
Convenient Skrill Payments
One of the widely-accepted e-wallets in the online casino industry is Skrill, formerly known as Moneybookers. Almost no casinos do not accept Skrill as a deposit or a withdrawal method.
It is speedy and does not require you to share your credit/debit card info, which contributes to the safety of your data online. The one negative about Skrill are somewhat high fees when you deposit the money from your payment card to Skrill, but numerous advantages trump this disadvantage.
Easy & Fast Neteller Payments
Around 80% of all online casino transactions in 2005 were made through Neteller, which says enough about its popularity among the players. A lot of time has passed since then, and new payment methods have emerged, but Neteller is still a major hit when it comes to depositing money online.
Similar to Skrill, Neteller offers amazing security features to its customers; it has a fast withdrawal time, offers anonymity, and can get you additional casino bonuses.
Userfriendly PaySafeCard Payments
PaySafeCard belongs to the same parent company as Skrill and Neteller and is accepted by all the top online casinos worldwide. To use this payment method, search for the nearest PaySafeCard sale outlet, where you will pay a certain amount of money and receive your PaySafeCard voucher. The voucher is valid for a year and has a 16-digit number that needs to be entered when using a PaySafeCard deposit method.
PayU Payments – All You Have to Know
Suppose you do not want to share any financial details about your credit card. In that case, the PayU payment system enables you to keep your anonymity while quickly and efficiently transferring your funds online.
This electronic payment service serves as an e-wallet with an added layer of security. Simply register at PayU, transfer the funds from your debit or credit card to PayU, and then connect it with your online casino account.
The AstroPay Payments
After you register on AstroPay’s website, you can get the virtual card valid for 12 months or until you spend the funds available on the card. Since this is a prepaid card system, it is essential to know that you can not transfer extra money to the AstroPay card.
Using it in an online casino is similar to using regular bank cards. You will have to enter a 16-digit card number and a 3-digit CVV security code.
Safe & Quick PayTM Payments
PayTM is an e-wallet you can fund in many different ways, including cash. To do that, simply find the PayTM vendor and pay them the amount of money you would like to use. Of course, the other simple way to do it is via internet banking. No fees, fast transactions, and wide availability make this method quite helpful and convenient.
PhonePe Payments
PhonePe is an Android and iOS mobile app available in Hindi and is regulated by the Reserve Bank of India. It is a reliable method, but not as quick as some others since the processing time can take several hours.
Once you download the app and make a PhonePe account, complete the transaction and take the screenshot. You will have to upload the screenshot on your online casino account and click Confirm.
Short Summary
For your own convenience, it is important to choose a payment method that enables you with high-security protocols and fast, low-fee transactions. From cryptocurrencies to e-wallets, players from India have an abundance of options to deposit and withdraw funds online.
To get everything right, be sure to register with the correct personal information and start your KYC procedure on time to avoid waiting on the payouts and start enjoying your victories as soon as possible.
Last Updated on: 08/11/2022 ago by Shyla Anand
In this article, I discussed the deposit and payment methods available in online casinos. If you are looking for an online casino that offers a variety of payment methods, look no further because the casino sites featured here all offer just that.