Safe Payment Methods for Indian Online Casinos

Getting into online gambling and spending time playing casino games means that you’ll have to decide on what kind of payment methods you’ll use to deposit and withdraw your funds. In today’s article, we’ll be taking a look at the safest online casino banking options available for Indian players. There are several to choose from, and we’ll get into full detail about the advantages and disadvantages of each type of payment service, so you can make a decision on which one will suit you the best.

E-Wallets

One of the most popular and used traditional banking methods in online casinos is various electronic wallets. They operate as an intermediary between your credit or debit cards and the gambling platform you want to deposit or withdraw money from.

This means that you are putting an extra layer of security by not providing your card details out front. The casino operators are only going to have information about your e-wallet, and with that kind of knowledge, there isn’t any harm they could potentially cause you.

These types of banking methods have become increasingly popular, with new services coming out every single year. Many people who never had experience with e-wallets have trouble deciding which provider to use, which is a valid concern. With so many companies out there, which ones should you consider as an Indian punter?

Well, there are several great options for you to choose from. We recommend that you do independent research on this subject if you’re interested in opening an e-wallet, but we say that you simply can’t go wrong by choosing well-known options such as Skrill, Neteller, ecoPayz, PayPal, and PayTM.

Creating an account and opening up your e-wallet with all of these providers is generally very easy. Some of them do require you to submit some personal documents to complete secure account verification, but that shouldn’t take you any longer than a couple of minutes.

While making transactions in online casinos with this type of payment method isn’t completely anonymous, it’s very safe and secure for you to do. If you’re not trying to hide your identity as much as possible and you’re only worried about data compromises, then we highly recommend you consider opening up an electronic wallet.

UPI

Next up we have the UPI or Unified Payments Interfaces which works similarly to our previous entry on the list. Still, it’s also a very popular choice amongst Indian punters. This type of banking method allows Indian people to transfer money directly between bank accounts across 380+ banks. 

If you’re wondering how this functions, you still need to download a UPI of your choice so you can connect it to your bank account. There are several appropriate choices we would recommend such as Google Pay UPI, Apple Pay UPI, PayTM UPI, and many others.

Many people confuse electronic wallets with UPI, but there is a difference between the two. When you’re using an e-wallet, you can store your funds there and use them however and whenever you want on various things. When utilizing a UPI, you are directly depositing or withdrawing money from your bank account but with an intermediary software in between.

This is a secure way for you to make transactions to and from your casino account, as hundreds of thousands do so each day without any issues whatsoever. Just make sure that you’re depositing and withdrawing money in regulated gambling spaces so your security is always protected.

Cards and Bank Wire Transfer

Using credit or debit cards isn’t necessarily an unsafe way for you to make transactions in casinos if you’re doing so with all the necessary precautions. This is still one of the most used banking options, and it’s very quick and efficient.

We highly suggest that you always set up your cards to require phone verification for each transaction you are undertaking, as that can potentially save you from a lot of trouble in unfortunate cases. As we’ve already mentioned earlier, playing in a regulated casino is a must, especially if you’re looking to use cards.

We also wouldn’t advise that you use the same card for multiple gambling platforms, as that exponentially raises the risk of your data being stolen if some of the casinos unfortunately have a data breach. 

All of this that we’ve just mentioned also relates to bank wire transfers as well. By using this method you are directly connecting your bank account with the casino, and you should be extra careful where you leave your information. Remember, thorough research is the key to playing games in a safe environment.

Prepaid Cards

Continuing our list we have prepaid cards, which are an excellent way to deposit and withdraw money from your casino account. They operate exactly how they sound. You can purchase them in advance with a predetermined amount of money on them. By doing this, you are not leaving any information about your bank account.

When it comes to traditional banking methods, most would agree that prepaid cards are one of the safer ways of executing transactions, apart from using electronic wallets. They are also great because they can successfully help you avoid overspending money located in your bank account.

There are several great options you should consider when it comes to your prepaid carriers. We recommend that you take a look at AstroPay and Paysafecard, as they are very popular amongst Indian players. The process of setting up is very quick and simple, so you won’t have any hassle.

A common misconception is that you can only deposit money using these types of cards, but that’s simply not true. For example, both AstroPay and Paysafecard allow their users to withdraw the funds they’ve won in an online casino, so they are a valid option for you to use.

Cryptocurrencies

And for the end, we’d like to talk about the objectively safest way for you to manage your casino funds, and that’s by using cryptocurrencies. As you’ve probably noticed, gambling platforms have massively started accepting cryptos as valid banking options, and we highly suggest you look into using them.

If you’re someone who values privacy and safety the most, then you really shouldn’t be looking at anything else. With their decentralized nature and strong encryption, using cryptocurrencies allows you to stay anonymous when you are depositing and withdrawing money.

This can in turn protect you from various malicious attacks such as data compromises, identity thefts, and fraudulent activities on a platform. Not to mention that withdrawal and deposit times are non-existent. Additionally, there are usually no transaction fees associated with using crypto.

You will need to set up your crypto wallet and decide on which currencies you are going to buy. We suggest you take a look at Bitcoin, Ethereum, Litecoin, and Dogecoin, as they are very popular and stable, and many casino operators tend to accept them. There are plenty more of these so make sure to research them.

It’s also very important that you always play in a regulated crypto casino, which will usually be licensed by the Curacao Gaming Authority. While there have been a lot of unregulated platforms in the past, as the years went by more and more brands have been fully licensed and approved to legitimately operate with crypto in mind.

Conclusion

In summary, these were the safest online casino banking options for Indian players. Generally speaking, if you’ve done your research and taken all the precautions, you won’t have an issue with using either of the methods we’ve just mentioned. Our opinion is that you should look into opening an e-wallet or a prepaid card if you’re looking to use a traditional option or open a crypto wallet if you want to take advantage of all the benefits cryptocurrencies can offer you.