Betting Payment Methods

Bookies with the Best Payment Methods

We’ll discuss some of the most common selections for online payments and how you can ensure versatility, quickness, and trustworthiness with every selection. Learn more on this page about betting payment methods for Indian players.

Top Betting Payment Methods for Indian Players

As there are many options for depositing and withdrawing funds on online cricket betting sites, it’s best to have a good awareness of the different types out there. From credit cards to E-Wallets to cryptocurrency, here’s what you need to know about banking options for cricket betting in India.

UPI

UPI (Unified Payments Interface) is one of the fastest-growing options for betting payment methods in India, and it’s not hard to see why. This mobile app is a secure and rapid option for transferring money between bank accounts. The near-instant transactions are smooth and most bookmakers in India will accept UPI as a payment.

NetBanking

NetBanking is perhaps the most well-known and traditional form of transferring money online. Sending funds to the account of an online bookmaker is convenient and easy to achieve. The setup is secure and simple, although some bettors complain that the process is slightly slower than other betting payment methods.

PhonePe

There are many apps for sending and receiving money, but PhonePE is rapidly becoming a hugely popular betting payment option for Indians. Because of its growth in India, it’s rare that an online bookmaker doesn’t accept PhonePe Some users have complained that the process feels less secure than other banking apps, but otherwise its still a fast selection with no hassle.

E-Wallets

A different form of sending money online is certainly an E-Wallet, but these are no less safe or useful than other betting banking options. Two of the most popular apps are Skrill and Neteller, but there are several on the market.

E-Wallets are incredibly simple to understand and very user-friendly, but Indian bettors also like them because of two-factor authentication and notifications when transactions occur.

The transactions from E-Wallets are relatively quick and can be used for worldwide payments. Skrill and Neteller are used for many betting platforms, although the transaction fees for deposits and withdrawals are frustrating for many users.

Cryptocurrency

Perhaps one of the newest and advanced betting payment methods to emerge is that of cryptocurrency. Although crypto is accepted in less online betting platforms than that of traditional methods, possibilities like Bitcoin and Ethereum are still popular with some players.

Cryptocurrency is a completely digital form of payment and is just as safe as other options, although many don’t trust it due to being unregulated and no refunds are possible. Still, you can add and withdraw funds into your account much like an E-Wallet, and the entire experience is anonymous.

Credit/Debit cards

If you prefer a more conventional form of betting payment option, then it’s hard to ignore credit cards and debit cards. Millions of Indians use credit and debit for cricket betting, as its one of the most direct and recognisable ways of paying online.

Major companies like Visa and MasterCard are accepted everywhere and offer a secure and familiar way to transfer funds. Some punters dislike this betting payment method because banks can take 1-5 days to process the transaction, as well as some high transfer fees, but overall the method is trustworthy and easy.

How to Choose the Right Betting Payment Option

Before you begin betting online on your favourite cricket matches, you’ll definitely want to decide on your preferred betting banking option.

Security

Feeling safe and secure is vital with any payment method, as scams and fraud are always a concern with online betting. SSL encryption and 2FA are important to ensure the transfer is protected.

Be careful with claiming bonuses

Not all betting payment methods work with sites offering free bonuses. Some E-Wallets sometimes don’t work well with sites giving out betting bonuses.

Withdrawal and deposit fees

It can happen that some payment options will take a fee when you put in or take out money to your account. This may not bother you, but if you don’t want any fees, then look for one that offers free transactions.

Speed

We all wish to have money transactions completed as fast as possible, and while there are some instant withdrawal options, some betting payment options are slower than others. It’s understandable that you’d like your winnings paid out if you had a successful bet, but keep in mind that not all selections are instantaneous.

Anonymity

It’s well known that cryptocurrency offers users a completely anonymous experience, so if this is important to you, then you’ll certainly want to consider it as a betting banking option.

Safety and Security

Naturally, you want to be sure that the funds you’re transferring to an online betting platform will be safe. After all, you might feel that depositing large sums of money comes with some risk.

While there are many betting payment methods available and the right one is still your choice, you can rest assured that OCBscores only recommends betting platforms which are fully licensed and regulated to top industry standards.

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