Payment Methods

A great casino experience depends heavily on the quality of payment methods. Therefore, it’s one of the biggest factors when we rate casinos online. Low waiting times, no transaction fees and safety is important when making transactions. If you are looking to play and have a great experience, make sure to deposit with a good online payment method that suits you.

Having experience from several payment options, we can help you find the best option. The list of casino payment methods in your casino account is long and some are better than others. Let us take you through some of the traditional methods and some new innovative e-wallets such as Skrill and Neteller.

 

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    How Do Payment Methods Work

    Payments are critical to the operations of online casinos in India. Quality of payment processing are important for players as well. An updated and maintained portfolio of speedy payment methods is a recipe for a great customer experience. Deposits and withdrawals are the two ways money is transferred between players and casinos.

    Which is the best payment method? In India, we recommend e-wallets Skrill and Neteller. These instant payment services provide seamless transactions. In order to use Skrill and Neteller you need to sign up on their sites and deposit money to your wallet. In order for these companies to be compliant with regulations, you need to go through a verification process involving sending a copy of your ID. When this is done, you can make unlimited transactions. To see casinos available payment methods you can check our top-lists. 

    Withdrawing Money

    Card payments such as MasterCard and Visa work in India as well. Using debit and credit cards is great for depositing, however might not work to withdraw winnings. For withdrawing money, e-wallets are always safe and dependent online casino banking options. To withdraw money to a different payment method as depositing with, you will need to verify both methods at the casino. This verification process might involve sending copies of bank drafts and account numbers. Having insights from customer support in online casinos, this process is called KYC (Know Your Customer) and often done by the payments department. 

    Which criteria need to be met?

    When making a deposit, players are required to meet certain criteria to fully use the facility. Two popular requirements are the minimum deposit and the allowable countries or territories. In most casinos, the minimum deposit required is $10 or its currency equivalent. You also need to consider if you are from a region where your chosen payment option is allowed.

    When making a withdrawal, a set of general conditions should be met. You also need to consider the minimum and maximum amount, pending time, and the processing time. The pending time and processing time are two different things in the context of withdrawals in the casino. Most casinos will assign a 24-hour pending time wherein the request is under review and you also have the option to reverse the withdrawal. Processing times vary depending on the casino payment methods, with e-wallets as the most convenient options.

    Indian Payment Methods

    If you are a player from India, then you will be glad to know that there are more than a dozen trusted online payments that can be used. Some of the popular payment options to consider are MasterCard, Visa, Skrill, and Neteller. These payment methods are considered the most popular, and promises instant deposits and faster withdrawal procedures. We briefly describe these payment methods below:

    Skrill

    Deposit and withdrawal with skrill as payment methodThe Skrill payment method is one of the most popular e-wallets around and is best known for its easy-to-use platform. Regulated by the FCA and with an approved license to operate in the European Union, Skrill offers customers a chance customers to send and receive payments on-the-go. Using Skrill is free, from topping it up by Maestro or bank transfer or sending funds to another account. And since most Indian casinos process Skrill-based transactions instantly, this is considered as one of the best casino payment methods around.

    Neteller

    Deposit and withdrawal with Neteller as payment methodNeteller is a popular payment method option among online casinos. Neteller is a global brand which means that casinos that accept Indian players will also accept this payment option. Signing up for an account is fast, and uploading funds to the account is charged with minimal fees. The amount of fees charged when funding your Neteller account will vary depending on your source of money. For most funding sources, Neteller charges 2.5% percent per transaction. Although a minimal amount is charged for funding the account, Neteller is still seen by many as one of the most preferred payment methods around.

    MasterCard / Visa

    Deposit and withdraw with Visa or Mastercard as payment methodMajority of the online casinos today accept MasterCard and Visa payments and its a testament to its dependability and security. When using MasterCard to pay or deposit funds, you will need to submit a number of critical information. For example, you should indicate on the form the expiry date of the card and the 3-digit Card Verification Value or the CVV code. In most casinos, the deposited amount will be immediately credited to your account. When it comes to withdrawing funds, Visa and MasterCard-related transactions are also processed within 3 to 5 days, making these as two of the most recommended casino payment methods.

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    Payment Methods for Deposits

    Different casinos will have their own list of preferred payment methods. For deposits, most casinos will carry Visa and MasterCard, Neteller, and Skill. Other casinos may also include PayPal, Paysafecard, bank transfers, and Trustly.

    Safety

    When it comes to choosing casinos and assessing the available payment methods, you should also consider safety and security of the options. All leading casinos are now fully encrypted using 128-bit SSL encryption. It also helps if the casino boasts Payment Card Industry Data Security Standard (PCI DSS) compliance which means that your credit card-related transactions are safe and protected every step of the way. More importantly, the casino’s Cashier section should be available 24/7 and can be contacted using multiple channels. You will never know when issues will crop up so it’s best that there’s someone who can answer your queries.

    Fees

    As mentioned earlier, online payment methods are also subject to certain fees. And most of the fees are applied when you are withdrawing funds. The amount of fees will vary depending on your chosen payment methods but it’s often expressed as a percentage of the total deposit or withdrawal amount. Most payment methods will charge a 2.5% fee for transactions. The fees are often waived when depositing using e-wallets. Since fees can be a burden, it’s always best to read the Terms and Conditions before completing a transaction.

    Payment Methods for Withdrawals

    As a matter of practice, some casinos will process the withdrawal requests to payment methods where the deposits have been completed. This means that if you have funded your account using Neteller, then your future withdrawal request will be facilitated using this payment option. You will also find Indian casinos that will only identify a few payment methods for withdrawals, with bank transfer and credit and debit cards as their preferred options.

    Payment Methods For Speedy Withdrawals

    With so many payment methods around, you can easily find the best ones that can suit your needs. Most Indian casinos will list down its accepted payment methods with specific processing times, fees, and limits. It is up to you to choose which option will work for your needs and playing requirements. But if processing times will serve as your primary concern, then consider Skrill, Neteller, Visa, and MasterCard. Most online casinos that accept Indian players process payments through these platforms in a fast manner.

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