Betting Sites Payment Methods

• Payment by cards is a secure and common payment method for all kinds of transactions in India.
• When it comes to making a deposit to an online betting site, safety and security is a major concern for any smart punter. The payments made using Debit/Credit cards are processed through a secure payment gateway powered by reliable payment systems.
• Most of the reputed betting sites use a third party payment system to process your Debit/Credit card transactions.
• For example, at 22Bet, all VISA card transactions are processed by RoyalPay.eu, a company that offers financial services such as card payments accepting, and other alternative payment methods.

How to Deposit at a Betting Site using a Debit/Credit Card?

• To make a deposit to a betting site using a Debit/Credit card, you need to choose from the available card systems such as VISA or Mastercard. Depending on the site, the initial process of selecting your payment method may vary.

• Some bookmakers require you to enter your card details on their site while others direct you to a secure payment gateway for this part of the transaction as seen in the above screenshot. Our 22Bet review has a more in-depth guide on how to make a deposit to your betting account.

How to Withdraw Money from a Betting Site Using a Debit/Credit Card?

• There is a minimum amount required for both deposits and withdrawals which varies depending on the bookmaker.
• In addition, a player also needs to meet certain wagering requirements to be eligible for withdrawal.

• If you’re eligible for making a withdrawal, you can simply enter the amount you wish to withdraw and your card number and confirm as shown in the above screenshot.
• The minimum amount you can withdraw using a Mastercard can be different along with the details you need to furnish to process the withdrawal.

• As you can see, in addition to the card number, you’re also required to enter your first name and surname.

Advantages

1. The card payments are processed through a secure payment gateway.
2. Quick transactions and a familiar payment interface are significant advantages of using this payment method.

Disadvantages

1. The minimum deposit and withdrawal requirement for Debit/Credit cards on betting sites can be higher in comparison to other payment methods.

• Millions of Indians now enjoy easy and quick online transactions courtesy of the Unified Payment Interface or UPI.
• Many of the top betting sites have now introduced UPI in their list of payment methods.
• NetBanking, another popular and trusted banking method, can also be used to make payments on betting sites.

How to Deposit at a Betting Site Using NetBanking/UPI payment method?

• You can select the NetBanking/UPI payment option from the deposit section of a betting site.
• It is very likely that you will be redirected to a secure payment gateway powered by a dedicated financial services company.

• As you can see in the above screenshot, Payfect10, an online payment gateway services company has powered all the NetBanking and UPI transactions.
• You can either choose from the popular banks like SBI, Axis, ICICI, and Kotak or select your bank from the drop-down menu at the bottom.

• In the case of UPI, you simply need to enter your VPA or the Virtual Payment Address and click Pay.
• You will then receive a payment request in your UPI app which you need to accept to complete the deposit process.
• The above screenshot also shows the different apps you could use for making the UPI transaction – BHIM, GPay, Paytm and PhonePe.

• There are some online bookmakers that accept local Indian wallets such as GPay.
• In case of making a deposit using GPay, you simply need to enter your phone number that’s registered with GPay.

How to Withdraw from a Betting Site Using NetBanking/UPI payment method?

?

• This is one of the easiest options for making a withdrawal from a betting account.
• Since there is no need to enter your bank account number, and other countless details, your withdrawals using UPI can be done instantly.
• However, the amount of time required for the funds to appear in your bank account varies from site to site.

Advantages

1. While making a NetBanking transaction, you’re directed to your bank’s site for authorization, which adds a layer of security.
2. The fact that you’re only required to enter your VPA makes the UPI method simple and fast.
3. Whereas, the requests sent to the UPI app for your approval make the transaction even more secure giving you the ability to decline the request and cancel the transaction even at the last moment.

Disadvantages

1. While the payment method in itself is a great way of making transactions, it may not be the best choice on a few betting sites.
2. Some sites have a higher minimum deposit requirement for UPI in addition to a more complicated process wherein you’re required to also provide proof of payment in the final step to complete the deposit process.

• This international online wallet has been around since 2001 helping people move money to and from different trading platforms.
• From a betting perspective, an online wallet like Skrill is very effective to help a punter manage funds on multiple betting sites.
• Skrill can be used to deposit and withdraw money on almost all the betting sites in India.

How to Deposit at a Betting Site Using Skrill?

• Choose Skrill as your preferred payment method to deposit money to your betting account.

• The site will ask you to choose from available Skrill payment options – Skrill Wallet, Bank Card, Skrill Direct, Paysafecard, and EPS.
• When you choose your payment method and click confirm, you will be directed to the Skrill site to make the payment.

• Log in to your Skrill account and complete the transaction.

How to Withdraw from a Betting Site Using Skrill?

• Withdrawing money using Skrill is easy and there are benefits of doing so.

• In addition to the quick processing of withdrawals, many betting sites have a lower minimum amount requirement for withdrawing funds using Skrill.

Advantages

1. There are a great many advantages of using Skrill for online bettors.
2. The fact that it is widely accepted among the betting site allows serious bettors to move funds from one site to the other quite easily.
3. Moreover, many betting sites have very less processing time and minimum deposit/withdrawal requirements for online wallets like Skrill.

Disadvantages

1. However, someone who has an account with only one or two betting sites may not fancy the utility of Skrill in moving funds between sites.
2. For a bettor who prefers money withdrawn directly to their bank account, Skrill may not be the best choice.
3. In addition, to make a deposit to a betting site, your Skrill wallet needs to be funded.
4. And to do this, you can use payment methods such as Debit/Credit card or UPI which will charge you a 2.5% commission fee.