Payment Methods for Sports Betting
If you’re planning to bet on sports online in India, it’s important to find a secure and convenient payment method that works well for you. You want something that you can trust, something that also offers quick deposits and withdrawals.
After all, there’s nothing worse than having to wait around to collect your winnings. Thankfully, there are now multiple options that you can choose from to bet using Indian Rupees, and that’s what we’re here to discuss. So, let’s dive straight in.
Different Types of Payment Methods for Indian Sports Fans
The time has long passed since you had to walk to your local bookie shop and place your bets in cash. Now, you can sign up at an online sportsbook and top up your account using all sorts of deposit methods. It’s quicker, easier and you can do it from anywhere. So, we’ve put together a list of the most popular payment methods for sports betting in India. We’ll be covering e-wallets, prepaid cards, cryptocurrencies and more – take a look!
Skrill
Skrill’s biggest pro is that it supports over 40 currencies, including Indian Rupees. It’s available at most major online sportsbooks too. Once you link your e-wallet account, you’ll enjoy instant deposits and it’s also one of the fastest ways to get your hands on your winnings. The only real downside is that Skrill payments are often not eligible for welcome bonuses or first deposit offers.
- Supports Indian Rupees
- Instant payments
- Ineligible for most bonuses
AstroPay Card
Digital prepaid cards are another popular way to deposit at sportsbooks, and Astropay is one of the best. Using this means you won’t have to disclose any personal or financial information, which is an added layer of security. Plus, payments are instant and you won’t have to deal with any fees. It isn’t just considered one of the safest payment methods in India, it’s trusted all over the world.
- No personal/financial info needed
- No fees
- Withdrawals unavailable to prepaid cards
EcoPayz
EcoPayz supports dozens of different currencies, including INR, making it a great choice for Indian bettors. You can use it to safely send and receive money at a long list of online bookies. Transactions are fast and if you ever run into any trouble, their customer support team is always on hand to help. While this method won’t charge you for betting payments, you may encounter transaction fees when you transfer money from your EcoPayz balance to your bank account.
- Fast and secure payments
- Top-level support
- Various fees
UPI
Unified Payments Interface (UPI) is one of the most popular online deposit methods for betting in India. You just need to download one of the available apps, create a UPI ID and connect it to your bank account. Once that’s set up, you can use your UPI ID for all of your sports betting payments. Due to its high-end security features though, transaction times may be slightly longer than other methods.
- Excellent reputation for safety and security
- No transaction fees
- Slower withdrawals
PhonePe
PhonePe functions as both a UPI app and an e-wallet. Indian players can top up using various methods such as debit/credit cards, NetBanking and UPI. There are no processing fees whatsoever and you can complete payments with a single click. You only need to download the app, verify your phone number and submit your bank details. Then, when you want to make a payment, you’ll just need to enter the sportsbook’s account number and how much you want to deposit. It’s a great choice for mobile sports bettors!
- One-click payments
- Fast withdrawals
- Limited customer support
RuPay
RuPay offers a variety of credit, debit and prepaid cards, which work like any other card method. It’s a payment gateway for betting, connecting your physical card with your account, making it easy for you to deposit and withdraw. The payment limits tend to be much higher than what other methods offer, too. However, this service does charge a flat fee of anywhere between ₹30-₹60, depending on your card type.
- Designed specifically for Indian players
- Top-notch security
- Transaction fees
Neteller
Neteller is available at practically all major betting sites in India. It’s a top-tier e-wallet that supports a great selection of payments, including Visa and UPI. Creating an account is free and once you’ve added funds to your wallet, you get to enjoy instant deposits and withdrawals. Bear in mind though that this method does charge a 1.45% set fee when you want to move cash out of your account – sign up for the VIP service to reduce all fees.
- Widely accepted
- Instant payments
- Withdrawal fees
PayTM
If you’re keen on using digital wallets, use this at a PayTM betting site to benefit from smooth and simple payments. It’s entirely free and you can fund your PayTM account using multiple methods. You can even top it up with physical cash at certain vendors. Plus, as one of India’s most popular payment platforms, it’s available in 11 Indian languages.
- Easy to use
- Secure payments
- Not as widely available
Google Pay
Payments made using Google Pay are processed straight away, and it’s one of the fastest ways to withdraw your winnings. Another key feature is that it charges zero fees. You keep 100% of what you win. It’s also one of the most trustworthy online payment services around, thanks to top-level encryption technologies securing all of your transactions and financial details.
- Zero fees
- Best security
- Limited features on iOS devices
Cryptocurrencies
If you want financial anonymity when betting online, cryptocurrencies are the way to go. Aside from the benefit of keeping your details out of the hands of sportsbooks, crypto payments also feature some of the highest security measures and offer instant transaction speeds. However, not all online bookies currently accept crypto. More are becoming available but you may still be limited to fewer options than if you were to use more traditional payment options.
- Anonymous payments
- Instant & secure
- Not all sportsbooks accept crypto
Your Sports Betting Payment Methods Questions, Answered Right Here! (FAQs)
Many betting sites in India offer betting in Indian Rupees. You can choose from a wide range of popular options to make an initial payment to your account. Then you can head to your chosen event and conveniently place a bet using the same currency.
Like with most other digital wallets, you can use PayPal for sports betting. You’ll first need to set up a PayPal account and then select it as your preferred payment method at your chosen betting site. Then you can use PayPal to deposit and withdraw funds to and from your betting account.
To withdraw funds from a sportsbook, you’ll need to use a supported withdrawal method. Usually, this will be by using the same option you chose to deposit. Once you’re ready to cash out, head to the cashier, choose the amount you wish to withdraw and enter any relevant details to confirm the payment.
You can use apps such as PayTM, PhonePe and your bank’s UPI app to fund your betting account. Once downloaded, you just need to verify your account and banking details. After doing so, you can transfer funds to your betting account by entering your chosen sportsbook’s account number and the amount you wish to deposit. The money should then instantly appear in your balance.
The most secure online payment methods in India for sports betting are UPI and RuPay. These guarantee safe and instant payments, protected by your bank. Alternatively, Skrill and Neteller are two other methods Indian players can rely on for secure deposits and withdrawals.
You’ll first need to select one of the available payments at your chosen betting site in India, whether it be a debit/credit card, e-wallet or net banking solution. Then, to make a payment, you must enter your financial details and the amount you wish to deposit. Once the service and the sportsbook confirm the transaction, the funds will appear in your account.
At 1xBet, deposit options include debit cards, e-wallets, prepaid cards and e-vouchers. You’ll first need to register an account and choose your preferred payment method at the cashier. After setting things up, simply follow the process, enter the amount you want to deposit and click ‘confirm’.