Along with how one deposits money in betting sites, another popular question is how to withdraw money?
As alluded to in our guide for depositing funds into betting sites from India, moving money to and from sportsbooks or casinos can be challenging. While it can be difficult using traditional methods like credit cards and wire transfers, e-wallets offer a near-perfect success rate not only for depositing but also for withdrawal. We hope the below information answers all your withdrawal questions!
“Is it possible to make deposits and withdrawals in Indian Rupee?”, you ask. The answer is a resounding YES!
Many international betting sites allow Indian players to register an account and bet online. And not long ago, Bet365 was the only trusted website that accepted Indian Rupee (INR). The list, however, has since increased and it includes the likes of Betway, Bodog, 10Cric, Royal Panda, ComeOn and many more. These betting sites accept deposits in INR, allow withdrawals in INR, and even take online bets on sports such as cricket, horse racing, etc. in INR.
E-wallets are far more reliable than any other method; which is why OnlineBetting.in highly recommends using one for your transactions. Setting up an e-wallet might take time—mainly because of verification—and there are small transactions costs as well, but it is time and money well spent.
Neteller is the only e-wallet that is universally accepted for deposit AND withdrawal in India and in most other countries. This makes banking with different betting sites extremely convenient. In addition, Neteller offers competitive fees, excellent funding options, and helpful customer support.
Neteller, unsurprisingly, is the most popular e-wallet among our visitors.
This method is typically only available if you made your initial deposit with a credit/debit card.
However, as you might already know, using credit cards in India for online betting can be very difficult given low or varied acceptance rates. It can be just as difficult to withdraw funds with as it is to deposit. And moreover, due to India’s FEMA (Foreign Exchange Management Act), players need to exercise caution as using credit/debit cards on betting or cryptocurrency platforms is against most card issuers’ terms and conditions.
Bankwires are similar to credit cards in that their dependability can vary.
There are also typically high fixed fees for using bankwire, making it less attractive to smaller stakes depositors. They can also take a long time to complete; in some cases it can take 2 to 4 weeks to complete a withdrawal via bankwires.
To learn more about betting in INR and how to make deposits or withdrawals using e-wallets on gambling sites, visit our Indian Rupees guide.