In terms of population, India is the second-largest country in the world, which makes it one of the most attractive destinations for online sports betting operators. Before starting your betting journal in India, it is vital to check out some things, including the payment methods. Let’s look at the most popular payment methods for online sports betting in India.
Digital Wallets
Many bettors in India like using e-Wallets, which have been used for all sorts of things ever since having been invented. That’s the reason why most online sportsbooks have added them into their payment method list.
If you choose to use a digital wallet, it is necessary that can make an instant deposit and withdrawal. However, some betting operators may have specific rules that you need to comply with, so go through the T&C if you need any additional information about the different options.
There are all sorts of e-wallets that you can choose to use, but the most popular ones include PayPal, Skrill, ecoPayz, and Neteller.
Debit/Credit Card
Perhaps a debit/credit card is the most common deposit and withdrawal option. Most of betting sites available in India allow players to fund their account using Visa or MasterCard.
This payment method has the major advantage that you don’t need to create any other accounts. You just have to provide your card’s information, and you can fund your account right away. However, if you want to withdraw your winnings with it, you may have to wait for at least a few hours.
Bitcoin and other cryptocurrencies
Cryptocurrencies like bitcoin will become more popular in the future, particularly in countries such as India. However, things changed once these payment methods became so expensive. Nowadays, there are a wide range of cryptocurrencies that you can choose from, and most sports betting operators have added them to their payment sections. They are fast, safe to use, making them ideal for online betting.
