The Pros & Cons of Every Betting Payment Method in India (2021)

Betting Payment Methods Guide

With such a long list of betting payment methods available to the Indian punter, we understand it’s a lot to go through. However, each payment type won’t necessarily suit everyone. That’s why we have gone ahead and weighed the pros and cons for you and have provided a comprehensive guide to all the best betting payment methods below!

Paytm

One of the perks of being an Indian punter is exclusive payment methods like Paytm. 

That’s right – only Indians can access this amazing means of funding a betting account. Paytm is Indian-owned, designed, and was developed purely for Indians. You’ll find many betting sites that accept Paytm and almost every UPI betting site will accept this payment method.

Paytm is fee-free, totally secure, and super-fast. This payment method features a simple Know Your Customer procedure – just keep an ID handy – and can be utilised for UPI payments.

We recommend Betway and 10CRIC as the best Paytm betting sites in India.

PROS 👍	Instant mobile payments UPI payments One-Click transactions
CONS 👎	Fees apply for credit card top-ups

Cryptocurrency

It’s nearly impossible to go a single day without hearing something about cryptocurrencies in the news.

Cryptocurrencies are the latest trend in online payments and are a revolutionary form of digital currency. You’ll be able to find the likes of Bitcoin, Bitcoin Cash, Ethereum and even Dogecoin on cryptocurrency betting sites based in India, and there are over 20 different cryptocurrencies to choose from.

Cryptocurrencies are totally digital currencies that leverage advanced blockchain technology to create an entirely anonymous, transparent, and secure payment method. Transaction speeds are near-instant, and you probably won’t find a more secure payment method than cryptocurrencies. There’s a bit of a learning curve involved, and the value of a cryptocurrency is highly volatile, but the transactions speeds and anonymity are hard to beat.

We recommend 22Bet and Sportsbet.io as the best cryptocurrency betting sites in India.

PROS 👍	High Anonymity Instant transaction speeds No need for a bank
CONS 👎	Steep learning curve Volatile price Some cryptos have an expensive transaction cost

Skrill

You’ll find few e-wallets online that are faster, more reliable, and easier to use than Skrill.

This e-wallet system is perfect for online casino punters. If you don’t want to involve your bank – or perhaps your bank doesn’t agree with betting or casino payments – Skrill is the perfect alternative. Skrill fully accepts INR payments and there are no account opening fees either.

Designed with mobile users in mind, Skrill features two-factor authorisation and many INR betting sites accept this betting payment method. However, as useful as this payment may be, several bookies will often exclude Skrill payments from accessing bonuses, so be sure to keep your eyes peeled to the bonus terms and conditions.

We recommend 1xBet and Parimatch as the best Skrill betting sites in India.

PROS 👍	Fast KYC No cost for opening an account An excellent alternative to using your bank account
CONS 👎	Not accepted for some bonuses

NETELLER

You’ll really struggle to find an Indian bookie that doesn’t accept NETELLER as a betting payment method.

That’s because NETELLER is incredibly fast, highly secure, and very easy to use. Security-conscious punters will love two-factor authorisation and high-end encryption protocols too.

NETELLER, like many e-wallets, cater heavily to the mobile market and as such the NETELLER app is perfectly optimised for both Android and iOS users. There are bonuses on offer at NETELLER too through VIP programmes that include such privileges as a dedicated account manager and higher payment limits than regular account holders. The only major downside to NETELLER is that, like Skrill and PayPal, you’ll find you may be exempt from several bonuses and promotions.

We recommend Casumo and Royal Panda as the best NETELLER betting sites in India.

PROS 👍	Great VIP privileges Easy to use Great mobile security features
CONS 👎	Not accepted for some bonuses

PayPal

If you have ever dealt with an online business in India then you’ll no doubt have some experience with PayPal.

PayPal is still considered to be one of the biggest payment services in the world and is a great way to make fast payments at the best cricket betting sites in India. No fees, excellent security features and a healthy proven record of reliability ensure PayPal is an easy choice for the Indian punter.

However, while PayPal certainly boasts some excellent features, payment limits are lower than other e-wallets and, like Skrill, you may find PayPal is exempt from some betting site bonuses.

We recommend Novibet and Royal Panda as the best PayPal betting sites in India.

PROS 👍	World-renowned and reliable Excellent security features
CONS 👎	Exempt from some bonuses You’ll have to link your Indian bank account

UPI

Exclusive to Indian punters, the Unified Payments Interface is a real-time payment system backed by the Indian government.

UPI allows Indian punters to make online payments at everything from fast withdrawal betting sites to high payout bookies using their own Indian bank accounts. Around for half a decade now, UPI is highly accepted online by Indian bookies, and you can make both deposits and withdrawals.

There are several apps that let you make UPI payments, and you can always download the Bharat Interface for Money app (BHIM) too. Once you complete the easy set-up; you’ll only need to remember a single simple ID number. Your withdrawal limits using UPI will be determined by your chosen bank.

We recommend 22Bet and 10CRIC as the best UPI betting sites in India.

PROS 👍	Indian government regulated Highly accepted in India One-Click payments
CONS 👎	Your bank may have low withdrawal limits

Google Pay

What if you like using your debit card but are sick of long card and account numbers. With Google Pay, you don’t even need to have your card on you!

Google Pay allows users of android mobile devices to turn their physical debit card into a virtual digital card. Using Google Pay allows Indian punters to make one-click payments at a whole range of Indian and global bookies.

Google Pay is free to use, and you can upload your debit card in seconds – either quickly type in your card details or simply use the Google Pay app to take a photo of your card. As a Google product, there are plenty of state-of-the-art security features and Google will never sell your transaction history to third parties. The only downside currently is that Google Pay does not accept withdrawals – so you’ll probably have to make a debit card withdrawal or use any of the other amazing betting payment methods from our list.

We recommend 10CRIC and Casumo as the best Google Pay betting sites in India.

PROS 👍	No signup Fast set-up Great security features
CONS 👎	No withdrawals Android users only Not all android devices can use Google Pay

Visa & Mastercard

All these unique and advanced betting payment methods can be a bit much. Thankfully, Indian punters can still simply use their Visa or Mastercard debit card.

Credit card users may feel a little bit left out here – since the UK banned credit card payments for gambling, most bookies have stopped accepting credit card payments.

If you have a bank account, you’ll no doubt have a debit card and the process at a bookie is the same as making an online payment at any shop. To make a Visa or Mastercard payment at an Indian bookie, simply plug in your card details that are found on the card itself – so simple! Security features are excellent, but some banks may not agree with your gambling transactions, so be sure to check with your chosen bank.

You can also grab prepaid cards by Visa and Mastercard, as well as using Apple pay or Google Pay to make the card a virtual one.

We recommend 10CRIC and 1xBet as the best Visa and Mastercard betting sites in India.

PROS 👍	Prepaid and virtual options Super reliable Highly regulated and great security features.
CONS 👎	Not much anonymity Slowly becoming less accepted by betting sites

PhonePe

PhonePe is a truly Indian payment system.

Available in 10 Indian languages and regulated by the Reserve Bank of India, PhonePe is one of the most popular betting payment methods in India. PhonePe has seen significant growth over the last year and is certainly more accepted at Indian bookies than it once was.

A great benefit of PhonePe is the ability to make UPI payments – meaning the number of bookies you can use this payment method at grows even further! Like many other betting payment methods, PhonePe is free and so simple to use. A simple One-Time pin can be used to validate transactions and users benefit from no deposit fees too.

Funding your PhonePe account is simple too – you can use UPI, your bank account, an e-wallet or a Visa/Mastercard card. Naturally, all payments are handled in Indian rupee and this service just keeps improving!

We recommend 10CRIC and Melbet as the best PhonePe betting sites in India.

PROS 👍	No deposit fees Easy account funding One-click payments
CONS 👎	Not as accepted as some of the bigger e-wallets.

AstroPay Card

AstroPay card has quickly become one of the most popular betting payment methods in India and its acceptance has skyrocketed.

It was once a bit difficult to find an AstroPay card betting site in India but now it’s super easy. AstroPay card is one of the fastest betting payment methods to sign up to and you’ll never have to disclose any personal banking information.

This payment system is highly secure and since it’s essentially a disposal virtual card, there is far fewer chances of theft and fraud. No private information is stored on an AstroPay card, so your personal information is totally secure at betting site cashiers.

We recommend 10CRIC and 1xBet as the best AstroPay card betting sites in India.

PROS 👍	Instant transfers INR payments Fastest sign up
CONS 👎	Withdrawals are accepted but some bookies won’t offer it.

Paysafecard

Way back in 2013, Skrill acquired Ukash and before long paysafecard was born.

Another of the widely accepted betting payment methods, paysafecard provides Indian punters with vouchers that can be used at online bookies. Vouchers are completely anonymous and can even be purchased from local retail outlets.

Using a unique 16- digit PIN, Indian punters can make easy deposits online. One drawback of this payment method is the inability to make betting withdrawals though. If anonymity is your goal though, paysafecard is a perfect choice.

We recommend Royal Panda and 22Bet as the best paysafecard betting sites in India.

PROS 👍	Excellent privacy features Simple deposit process Increasing globally accepted
CONS 👎	Lack of withdrawals

Net Banking

For many punters, it is just easier to do everything with your bank account. If you don’t have major privacy concerns, don’t fancy extra apps, or just want all your finances in one place, then Net Banking is the solution. Indian punters won’t find too many betting payment methods faster and simpler than this either. Net Banking, also known as Bank Transfer, is another of the Indian-exclusive betting payment methods.

This method is free and fast – deposits are typically instant – and local banks won’t enforce any restriction for using the service. Most major banks like HDFC, Axis, and ICIC Bank offer Net Banking, so you shouldn’t have a problem signing up. We noted more than 150 banks accepting Net Banking in India.

The payment process is easy and just requires your details and a one-time code. Net Banking is the ultimate hassle-free payment method and one of the most reliable betting payment methods in India.

We recommend 1xBet and 10CRIC as the best Net Banking betting sites in India.

PROS 👍	Accepted by 150 banks Instant deposits Fast withdrawals
CONS 👎	Withdrawals are not as fast as some e-wallets Not for privacy-conscious punters