The Pros & Cons of Every Betting Payment Method in India (2021)

Top 10 Betting Sites with Best Betting Payment Methods

  • Up to ₹ 4,000 in bet credits for new players
  • Tremendous range of markets to bet on
  • Place cricket bets on the go with the bet365 app
  • Get up to ₹10,000 in free bets with your first deposit
  • Bet on a range of cricket tournaments
  • Whatsapp support
  • 1-hour e-wallet withdrawals
  • ₹100 crypto minimum withdrawals
  • ₹12,000 welcome bonus
  • Instant e-wallet deposits
  • ₹500 min. UPI deposits
  • Weekly 500 free bet
  • Deposit ₹2,000, get ₹4,000 bonus money
  • Excellent customer support
  • Deposit with UPI Bank Transfer
  • Get 100% Bonus up to ₹50,000
  • Easy registration process
  • Different payment methods available
  • Instant Visa deposits
  • 24-hour Paytm withdrawal
  • ₹10,000 welcome bonus
  • New players get up to ₹7,000 in free bets
  • Covers loads of cricket leagues
  • Live Multiview feature
  • Reliable smartphone app
  • User-friendly website
  • Numerous stat-based markets
  • Instant crypto deposits
  • Wide range of payment methods
  • ₹10,000 welcome bonus

Betting Payment Methods Guide

With such a long list of betting payment methods available to the Indian punter, we understand it’s a lot to go through. However, each payment type won’t necessarily suit everyone. That’s why we have gone ahead and weighed the pros and cons for you and have provided a comprehensive guide to all the best betting payment methods below!

1xBet screen with payment types

Paytm

One of the perks of being an Indian punter is exclusive payment methods like Paytm

Paytm logo

That’s right – only Indians can access this amazing means of funding a betting account. Paytm is Indian-owned, designed, and was developed purely for Indians. You’ll find many betting sites that accept Paytm and almost every UPI betting site will accept this payment method.

Paytm is fee-free, totally secure, and super fast. This payment method features a simple Know Your Customer procedure – just keep an ID handy, which can be utilised for UPI payments.

We recommend Betway and 10CRIC as the best Paytm betting sites in India.

PROS 👍
  • Instant mobile payments
  • UPI payments
  • One-click transactions
CONS 👎
  • Fees apply for credit card top-ups

Cryptocurrency

It’s nearly impossible to go a single day without hearing something about cryptocurrencies in the news.

Cryptocurrencies are the latest trend in online payments and are a revolutionary form of digital currency. You’ll be able to find the likes of Bitcoin, Bitcoin Cash, Ethereum and even Dogecoin on cryptocurrency betting sites based in India, and there are over 20 different cryptocurrencies to choose from.

Cryptocurrencies are totally digital currencies that leverage advanced blockchain technology to create an entirely anonymous, transparent, and secure payment method. Transaction speeds are near-instant, and you probably won’t find a more secure payment method than cryptocurrencies. There’s a bit of a learning curve involved, and the value of a cryptocurrency is highly volatile, but the transactions speeds and anonymity are hard to beat.

We recommend 22Bet and Sportsbet.io as the best cryptocurrency betting sites in India.

PROS 👍
  • High anonymity
  • Instant transaction speeds
  • No need for a bank
CONS 👎
  • Steep learning curve
  • Volatile price
  • Some cryptos have an expensive transaction cost

Skrill

You’ll find few e-wallets online that are faster, more reliable, and easier to use than Skrill.

skrill logo

This e-wallet system is perfect for online casino punters. If you don’t want to involve your bank – or perhaps your bank doesn’t agree with betting or casino payments – Skrill is the perfect alternative. Skrill fully accepts INR payments and there are no account opening fees either.

Designed with mobile users in mind, Skrill features two-factor authorisation and many INR betting sites accept this betting payment method. However, as useful as this payment may be, several bookies will often exclude Skrill payments from accessing bonuses, so be sure to keep your eyes peeled to the bonus terms and conditions.

We recommend 1xBet and Parimatch as the best Skrill betting sites in India.

PROS 👍
  • Fast KYC
  • No cost for opening an account
  • An excellent alternative to using your bank account
CONS 👎
  • Not accepted for some bonuses

NETELLER

You’ll really struggle to find an Indian bookie that doesn’t accept NETELLER as a betting payment method.Neteller logo

That’s because NETELLER is incredibly fast, highly secure, and very easy to use. Security-conscious punters will love two-factor authorisation and high-end encryption protocols too.

NETELLER, like many e-wallets, cater heavily to the mobile market and as such, the NETELLER app is perfectly optimised for both Android and iOS users. There are bonuses on offer here too, through VIP programmes that include such privileges as a dedicated account manager and higher payment limits than regular account holders. The only major downside to NETELLER is that, like Skrill and PayPal, you’ll find you may be exempt from several bonuses and promotions.

We recommend Casumo and Royal Panda as the best NETELLER betting sites in India.

PROS 👍
  • Great VIP privileges
  • Easy to use
  • Great mobile security features
CONS 👎
  • Not accepted for some bonuses

PayPal

If you have ever dealt with an online business in India, then you’ll no doubt have some experience with PayPal.

Paypal logo

PayPal is still considered to be one of the biggest and most well-known payment services in the world and is a great way to make fast payments at the best cricket betting sites in India. No fees, excellent security features, and a healthy proven record of reliability ensure PayPal is an easy choice for the Indian punter.

However, while PayPal certainly boasts some excellent features, payment limits are lower than other e-wallets and, like Skrill, you may find PayPal is exempt from some betting site bonuses.

We recommend Novibet and Royal Panda as the best PayPal betting sites in India.

PROS 👍
  • World-renowned and reliable method
  • Excellent security features
CONS 👎
  • Exempt from some bonuses
  • You’ll have to link your Indian bank account

UPI

Exclusive to Indian punters, the Unified Payments Interface is a real-time payment system backed by the Indian government.

UPI logo

UPI allows Indian punters to make online payments at everything from fast withdrawal betting sites to high payout bookies using their own Indian bank accounts. Around for half a decade now, UPI is highly accepted online by Indian bookies, and you can make both deposits and withdrawals.

There are several apps that let you make UPI payments, and you can always download the Bharat Interface for Money app (BHIM) too. Once you complete the easy set-up, you’ll only need to remember a single simple ID number. Your withdrawal limits using UPI will be determined by your chosen bank.

We recommend 22Bet and 10CRIC as the best UPI betting sites in India.

PROS 👍
  • Indian government regulated
  • Highly accepted in India
  • One-click payments
CONS 👎
  • Your bank may have low withdrawal limits

Google Pay

What if you like using your debit card but are sick of long card and account numbers? With Google Pay, you don’t even need to have your card on you!

Google pay logo

Google Pay allows users of Android mobile devices to turn their physical debit card into a virtual digital card. Using Google Pay allows Indian punters to make one-click payments at a whole range of Indian and global bookies.

Google Pay is free to use, and you can upload your debit card in seconds – either quickly type in your card details or simply use the Google Pay app to take a photo of your card. As a Google product, there are plenty of state-of-the-art security features and Google will never sell your transaction history to third parties. The only downside currently is that Google Pay does not accept withdrawals – so you’ll probably have to make a debit card withdrawal or use any of the other amazing betting payment methods from our list.

We recommend 10CRIC and Casumo as the best Google Pay betting sites in India.

PROS 👍
  • No signup
  • Fast set-up
  • Great security features
CONS 👎
  • No withdrawals
  • Android users only
  • Not all Android devices can use Google Pay

Visa & Mastercard

All these unique and advanced betting payment methods can be a bit much. Thankfully, Indian punters can still simply use their Visa or Mastercard debit card. visa & masterca

Credit card users may feel a little bit left out here – since the UK banned credit card payments for gambling, most bookies have stopped accepting credit card payments.

If you have a bank account, you’ll no doubt have a debit card and the process at a bookie is the same as making an online payment at any shop. To make a Visa or Mastercard payment at an Indian bookie, simply fill in your card details that are found on the card itself – so simple! Security features are excellent, but some banks may not agree with your gambling transactions, so be sure to check with your chosen bank.

You can also grab prepaid cards by Visa and Mastercard, as well as using Apple pay or Google Pay to make the card a virtual one.

We recommend 10CRIC and 1xBet as the best Visa and Mastercard betting sites in India.

Deposit screen with deposit amount

PROS 👍
  • Prepaid and virtual options
  • Super reliable
  • Highly-regulated and great security features.
CONS 👎
  • Not much anonymity
  • Slowly becoming less accepted by betting sites

PhonePe

PhonePe is a truly Indian payment system.

Phone pe logo

Available in 10 Indian languages and regulated by the Reserve Bank of India, PhonePe is one of the most popular betting payment methods in India. PhonePe has seen significant growth over the last year and is certainly more accepted at Indian bookies than it once was.

A great benefit of PhonePe is the ability to make UPI payments – meaning the number of bookies you can use this payment method at grows even further! Like many other betting payment methods, PhonePe is free and so simple to use. A simple one-time pin can be used to validate transactions and users also benefit from no deposit fees.

Funding your PhonePe account is simple too – you can use UPI, your bank account, an e-wallet or a Visa/Mastercard card. Naturally, all payments are handled in Indian rupee and this service just keeps improving!

We recommend 10CRIC and MELbet as the best PhonePe betting sites in India.

PROS 👍
  • No deposit fees
  • Easy account funding
  • One-click payments
CONS 👎
  • Not as accepted as some of the bigger e-wallets

AstroPay Card

AstroPay card has quickly become one of the most popular betting payment methods in India and its acceptance has skyrocketed.

Astropay logo

It was once a bit difficult to find an AstroPay card betting site in India but not anymore. AstroPay card is one of the fastest betting payment methods to sign up to and you’ll never have to disclose any personal banking information.

This payment system is highly secure and since it’s essentially a disposal virtual card, there are far fewer chances of theft and fraud. No private information is stored on an AstroPay card, so your personal information is totally secure at betting site cashiers.

We recommend 10CRIC and 1xBet as the best AstroPay card betting sites in India.

PROS 👍
  • Instant transfers
  • INR payments
  • Fastest sign-up
CONS 👎
  • Withdrawals are accepted but some bookies won’t offer it

Paysafecard

Way back in 2013, Skrill acquired Ukash and before long, paysafecard was born.

paysafecard logo

Another of the widely-accepted betting payment methods, paysafecard provides Indian punters with vouchers that can be used at online bookies. Vouchers are completely anonymous and can even be purchased from local retail outlets.

Using a unique 16-digit PIN, Indian punters can make easy deposits online. One drawback of this payment method, however, is the inability to make betting withdrawals. If anonymity is your goal, though, paysafecard is a perfect choice.

We recommend Royal Panda and 22Bet as the best paysafecard betting sites in India.

PROS 👍
  • Excellent privacy features
  • Simple deposit process
  • Increasing accepted globally 
CONS 👎
  • Lack of withdrawals

Net Banking

For many punters, it is just easier to do everything with your bank account. If you don’t have major privacy concerns, don’t fancy extra apps, or just want all your finances in one place, then Net Banking is the solution. Indian punters won’t find too many betting payment methods faster and simpler than this, either. Net Banking, also known as Bank Transfer, is another of the Indian-exclusive betting payment methods.

This method is free and fast – deposits are typically instant and local banks won’t enforce any restriction for using the service. Most major banks like HDFC, Axis, and ICIC Bank offer Net Banking, so you shouldn’t have a problem signing up. We noted more than 150 banks accepting Net Banking in India.

The payment process is easy and just requires your details and a one-time code. Net Banking is the ultimate hassle-free payment method and one of the most reliable betting payment methods in India.

We recommend 1xBet and 10CRIC as the best Net Banking betting sites in India.

PROS 👍
  • Accepted by 150 banks
  • Instant deposits
  • Fast withdrawals
CONS 👎
  • Withdrawals are not as fast as some e-wallets
  • Not for privacy-conscious punters

Basic Deposit Process

A screenshot from betway app showing deposit methods

You won’t get very far at a bookie using any of the best betting payment methods if you don’t know how to make that first deposit. The exact process for funding your betting account will vary slightly depending on your chosen method, but the general process remains the same. Check out our guide for the basic steps to making a deposit using any of the best betting payment methods that we recommend.

  • Log in at your favourite bookie and navigate to the cashier section. From here, you’ll want to select a deposit. Before getting started, make sure your chosen method is topped up or funded and that you are aware of the minimum and maximum deposit amounts, as well as how much you need to place as a minimum bet.
  • Choose your preferred method from the available options and then pick an amount to deposit. You’ll then be brought to a payment screen – this will vary between the methods. So, you’ll either need to enter account details, be given a crypto wallet address, or be brought to an entirely separate payment gateway.
  • Regardless, follow the prompts and then confirm the payment. Most deposits will be credited to your account instantly and you’ll be free to place that first wager. Good luck!

Basic Withdrawal Process

A screenshot from bet365 Withdraw option

Once you’ve nailed those big wins, it’s time to use our recommended withdrawal methods. Thankfully, if you successfully made a betting site deposit, then you will have no problem making a withdrawal. The process is very much the same, except you’ll navigate to the withdrawal section instead.

We do have one helpful tip ahead of your first withdrawal. Go ahead and complete the bookies Know Your Customer (KYC) procedure early. You won’t be allowed to make a withdrawal without completing it and you don’t want to delay your big payday. The process is easy and just requires punters to provide some basic documentation such as your ID and proof of address.

Of course, make sure to keep in mind that the maximum payout from each operator varies. 

Payments on Mobile

Whether wagering at a casino or favourite in-play bookie, almost every site will offer a dedicated mobile platform. All the fantastic betting payment methods that made our list can be used for mobile betting. So don’t be afraid to bet on cricket online from your mobile device since your favourite payment method will always be available – the process is no different from the regular website!

Betting Payment Methods FAQs

What is the best betting payment method?

There are many different betting payment methods, each having their own unique advantages and disadvantages. To determine the best method for you, we recommend studying our guide and choosing one that best suits your individual needs.

Which sites offer the best betting payment methods in India?

With so many bookies offering an extensive range of betting payment methods, it can be tough to select a betting site. Our recommendations are 22Bet, 10CRIC, and 1xBet for a great range of the best betting payment methods in India.

Which betting payment methods are the fastest?

Pound for pound, the fastest betting payment methods are e-wallets and cryptocurrencies. Both payment types feature instant deposits and withdrawals times between 24-48 hours on a bad day.

Which betting payment methods are the most secure?

When it comes to security, cryptocurrencies are technically the most secure of all betting payment methods. However,  other methods such as UPI are more highly regulated.

CricketBettingAdvice Final Say

Whether you have chosen to have a punt on the IPL, or your favourite Kabaddi match-up, you’ll get the most out of a bookie by selecting the perfect banking method. Simply weigh up the advantages and disadvantages with your needs to choose your ideal betting payment methods in India!

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