You may have noticed how difficult it is to find updated and accurate information for online betting in India. We have created this site to be the most current source of information for Indian citizens. All of our information is backed by years of research and ongoing betting experience in India. Most Indian customers want to know about cricket betting, and then depositing and cashing out. Find all you need here at Onlinebetting.in
However, funding your ewallet by bankwire is usually FREE.
The fees to transfer money from your e-wallet back to your bank account are as follows:
Neteller charges roughly 7.5 EUR for withdrawals. Skrill offers a FREE option through SWIFT transfers, while checks are 194.25 INR, but will come in USD, GBP or EUR.
Credit and Debit Cards
This is the fastest way to deposit for most places around the world. This method is as simple as entering your credit card information into the required fields at the betting site, entering your desired amount of deposit and agreeing to the deposit.
However, due to restrictions within India, using this method can be hit or miss. It can be extremely frustrating to use. If using credit cards is a priority, we recommend using Indio Casino. They have the highest credit card acceptance for Indian players. Keep in mind, they only offer casino deposit options. So if betting on sports and poker is something you are interested in, we still recommend using ewallets. See our guide for credit card deposits.
A bankwire is simply an electronic transaction between your bank and the site you wish to transfer money to. It requires several key pieces of information to initiate the wire. Including banking details of the receiving party that are available upon request.
However, similar to credit cards, using this method to deposit can be unreliable as banks in India will often not send money directly to betting sites.
In addition, there are usually high fixed fees to use this method. They can also take a long time, as many as 14 days to process the wire. Also, maximum for deposit is fairly low when using Indian Rupees (3 75 000 INR). In some cases, ewallets have higher maximum deposit amounts. See our guide for bank wire deposits.
Bank wire, also known as wire transfer, is a useful option for Indian players who need to transfer large sums of money to and from betting sites. Banks usually charge a high fixed fee per transaction and hence this option is suited only for the higher stakes bettors. Bank transfers also take longer to complete than credit cards and e-wallets, but with a little bit of planning you can work your way around that.
Neteller is one of the most popular payment options for Indian players. The main reason is that all reputable online betting, casino and poker sites catering to Indian players accept Neteller. It is one of the earliest e-wallets in the business, is highly reputed and has moderate fees.
But check out our reviews of the other payment options and select the one that works best for you.
Skrill is a popular deposit method in India. It is accepted by all online betting, poker and casino sites catering to Indian players. Skrill has the lowest fees among e-wallets and the transactions are simple and quick. It does take some time to set up an account, but this is a one-time activity and worth the effort.
Check out our full review below for complete information on Skrill.
When it comes to placing bets online, few things make it easier for Indian players than to be able to deposit and withdraw in Indian Rupees. It is easier to deal in our native currency for several reasons, it is less confusing to use one currency from start to finish, and you will avoid exchange fees.
e-Wallet (#1 Recommended) – For Indians, there is simply not a more dependable method to deposit and withdraw for online betting sites. E-wallets are essentially an online bank account, similar to PayPal. You can deposit money from your home bank to the ewallet and transact to and from betting sites.
The best part is that the records on your home bank account will simply show as a transaction with the e-wallet not the betting site.
It allows for a layer of privacy not offered by the other methods. There are some small fees associated with e-wallets, but for the convenience they offer, it is well worth it. The main drawback to an e-wallet is that the process of setting up the account can take a few days, mostly waiting on verification. The most popular e-wallet in India is Neteller. Others include Skrill (Moneybookers) and Entropay.
e-Wallet – Withdrawing in India is best when using an e-wallet. Because of this, it is typically best to use an ewallet for both transactions (deposit and withdraw). See our section above on e-wallets to learn more about why we recommend it. Neteller is available for withdrawal at all trusted Indian betting sites.
Credit and Debit Cards – If you made a deposit to the site using a debit/credit card, some sites allow you to withdraw with this method, but it can be even more difficult than depositing. In most cases for Indians, your issuer will reject the transaction.
Bankwire – This is similar to credit cards in that, while it is technically available to Indians, its success rate varies. Also, you tend to encounter high fees from banks for using it.
*Visit the Withdrawal methods used online in India to find more information.