A-Z of the Best Betting Payment Methods in India (2023)

As there are dozens of payment methods available for online cricket betting, it is essential to zero down the best ones if only for the sake of security and convenience. This article will cover the best betting payment methods and what they have to offer, as well as the best cricket betting sites for low deposits and quick withdrawals.

Top Betting Payment Methods

Our detailed cricket betting reviews regularly mention India's top betting payment methods. However, given the importance of safety and ease, it was only prudent for us to write an article entirely dedicated to this topic.

Top E-Wallets for Betting in India

1. Skrill

Skrill Logo

Established in 2001, Skrill has become one of the most popular electronic wallets accepted across cricket betting sites worldwide. The biggest advantage is that Skrill supports 41 currencies, including INR.

READ: Top Skrill Betting Sites (2023)

This payment method is available across the country's leading bookmakers and the best cricket betting apps. The registration process is simple, only taking a few minutes to complete.

ProsCons
Free sign-upVerification might take time to complete
High securityCustomer support can take a while to respond
Multi-currency acceptanceSkrill payments not eligible for certain bonuses

2. NETELLER

Neteller Logo

Another leading digital wallet with a global presence, NETELLER enjoys massive popularity among punters. The wallet packs several advanced features, like device fingerprinting and 256-bit encryption protocols, to ensure all your transactions are secured.

This betting payment method, like many e-wallets, caters to the mobile market, with the NETELLER app optimised for Android and iOS devices. There are plenty of bonuses on offer, too – for example, VIP programmes that include benefits such as higher payment limits and dedicated account managers.

READ: Top NETELLER Betting Sites (2023)

ProsCons
VIP programme with add-on featuresNot accepted for certain bonuses
Watertight securityCharges a relatively high deposit fee
High processing speed

3. Paytm

Paytm logo

India's oldest and very own digital wallet, Paytm, pioneered the concept of e-wallets in the country. This betting payment method is super-smooth, fast, and easy to use. The best part is that most Indians already use it for many other online services, meaning there's a good chance that you already have an account ready to use!

READ: Top Paytm Betting Sites (2022)

ProsCons
Smooth registration with instant verificationCharges fee for credit card top-ups
Accepts INRCan’t be used on sites that do not accept INR
Allows UPI

4. Google Pay

Google Pay logo

Another popular e-wallet, Google Pay is one of the safest deposit methods out there, designed by the IT major Google itself. All you need to get started is a debit card that's linked to your GPay account.

The wallet, available as a mobile app, has made significant progress in the Indian market in recent years by offering a high degree of privacy and transactional security. The setup takes less than a minute, and the interface and navigation aspects are highly intuitive and customer-friendly.

READ: Top Google Pay Betting Sites (2023)

ProsCons
Quick set-upNot widely available as a withdrawal method
State-of-the art security backed by GooglePoor customer support
No extra transaction fees

5. PhonePe

PhonePe

Another Indian-origin betting payment method, PhonePe has made giant strides in the digital payments landscape since its launch in 2015. The wallet app has a seamless UI that does a brilliant job at the backend. It’s smooth, fast, and secure.

The wallet is available in 10 languages and can be topped up by various methods, such as debit/credit cards, Netbanking, and UPI.

READ: Top PhonePe Betting Sites (2023)

ProsCons
One-click paymentsTime-consuming verification process
Wallet loads easilyNot as widely accepted as other wallets
No deposit fees

6. ecoPayz

ecopayz logo

ThisUK-based payment solution is commonly available as a betting payment method across most cricket betting sites and apps. ecoPayz has a stellar reputation built over two decades, and you can bank on it (pun intended) with your money. This deposit and withdrawal method is available in India – all you need to do is fill up a short form to open an account.

ProsCons
Accepts INRHigh fees for international transfers
24/7 Customer support availableCustomers have reported limitations in making transactions
Instant transfers

7. AstroPay

AstroPay

One of the world's first virtual prepaid cards, AstroPay is a common choice among bookmaker deposit methods, especially if you seek the extra layer of anonymity. It was once difficult to find AstroPay betting sites in India, but not anymore.

AstroPay India card is one of the fastest betting payment methods available, and you'll never have to disclose any personal banking information either. No private information is stored on an AstroPay card, so your personal information will be kept 100% secure.

ProsCons
Offers high degree of anonymityNot commonly available as a withdrawal method
INR payments accepted
Suitable for quick deposits

8. paysafecard

Paysafecard logo

Another widely accepted betting payment method in India, paysafecard comes in the form of vouchers that you can use at online bookies. These vouchers are anonymous and can even be purchased from local retail outlets.

Additionally, if you view anonymity as a priority, paysafecard is an ideal bookmaker deposit option – simply use the attached unique 16-digit PIN to transfer payments.

READ: Top Paysafecard Betting Sites (2023)

ProsCons
Simple deposit processWithdrawals not allowed
Multi-currency supportVoucher funds cannot be refunded if left unused
Top-notch fraud-detection features

1. Bank transfer

Bank Transfer Netbanking logo

Netbanking (or bank transfer) is an evergreen betting payment method offered across cricket bookmakers, with transactions made via internet banking services. Considering banks directly monitor these payments, this method is as safe as can be.

The biggest advantage of Netbanking is that it is always available as a withdrawal method, no matter which bookie you use.

READ: Top 10 Netbanking Betting Sites in India

ProsCons
High trust factorHigh transaction time
Best-in-class securityNot available 24/7 in many cases
No need to link bank accounts to other payment methods

 

2. UPI

UPI logo

Unified Payments Interface (UPI) is a government-backed digital payments mechanism that has revolutionised the Indian banking landscape. This betting payment method does not require you to disclose any personal or banking detail to the bookmaker.

UPI-based transactions can be processed through multiple apps, like Paytm, PhonePe, or your bank’s UPI app. All you need to do is download any of the aforementioned applications, create a UPI ID, and link your bank account. Going forward, you will only need that UPI ID for making deposits.

In addition, your bank details will not be disclosed to any third party, such as the betting sites.

As an instant money transfer solution, UPI serves as one of the best ways to transfer money when wagering on in-play betting sites.

READ: Best UPI Betting Sites (2023)

ProsCons
Highly secure government-developed deposit methodThough bank details are never disclosed, many punters might be hesitant to use it as bank account is linked to the UPI ID
Can be used across various apps
Instant payments without any transaction charges

3. Debit/Credit card

Credit Card

Plastic money has always been integral to online payments in any form. Debit and credit cards are some of the oldest ways of making digital payments, and are accepted as a betting payment method by almost every cricket bookie.

ProsCons
Highly convenientA processing fee is usually applicable
Reliable for making online paymentsSusceptible to online fraud
No transaction limit per se

4. VISA/Mastercard

Mastercard logo Visa logo

VISA and Mastercard are two names that need no introduction, and it's no less than a treasure hunt to find bookmakers that do not accept these two betting payment methods. Most debit/credit cards are based on these payment networks, and making deposits with these is extremely straightforward and quick.

ProsCons
Trusted by customers across the globeNot much anonymity
Offer state-of-the-art security
High accountability

5. IMPS

IMPS logo

Immediate payment service, or IMPS, is a method of electronic funds transfer used by banks, enabling instant funds transfer between two bank accounts. While IMPS hasn't covered as much ground as it should have, bookmakers are slowly warming up to this betting payment method owing to its fast-paced nature and convenience.

ProsCons
Instant paymentsBank details need to be disclosed
Suitable for large transactionsTransaction charges apply
Minimum downtime

6. Cryptocurrencies

bitcoin logo

Cryptocurrency is the latest addition to online betting payment methods. You’ll be able to find Bitcoin, Bitcoin Cash, Ethereum, and even Dogecoin across cryptocurrency betting sites in India, with over 20 different cryptos to choose from.

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

ProsCons
Highly anonymousNo regulatory oversight
Instant settlementHigh transaction costs
No need to involve any banks

Bookmaker Deposit Methods & Withdrawal Options: A Snapshot

BookmakerMin DepositMax WithdrawalFastest Withdrawal Time
10cric logo₹500
(UPI)
₹1,00,000
(UPI)
15 mins
(UPI)
bet365 logo₹350
(Skrill)
₹30,00,000
(Bank transfer)
Within 12 hours (Skrill/NETELLER/ecoPayz)
10cric logo₹500
(AstroPay)
₹18,00,000
(Bank transfer)
Within 24 hours
(AstroPay)
Melbet logo₹75
(All)
No limitWithin 15 minutes
(All e-wallets/ UPI/ IMPS)
Betway logo₹500
(Paytm)
No limitWithin 24 hours
(All)
Purewin logo₹1,000
(Neteller)
₹14,00,000 (Bank transfer)Within 5 hours
(E-wallets)
Excitewin logo₹500
(UPI)
₹4,00,000 (ecoPayz)Instant
(Skrill/NETELLER)
Dafabet logo₹400
(UPI)
No limitInstant
(except bank transfer)
Betwinner logo₹75
(VISA)
No limit15 minutes
(Most cases)
1xbet logo₹75
(VISA)
No limit15 minutes
(Most cases)

IMPS vs UPI

While we have already touched upon IMPS and UPI in brief, below are some points of difference to help you better distinguish more clearly between the two:

ParameterIMPSUPI
Transfer TimeInstant payment mechanism, but relatively slower than UPIInstant payment mechanism, but relatively faster than IMPS
Transaction ChargesCharges a nominal feeFree of cost
Disclosure of Banking InfoBanking details neededNo banking banking details needed
CompatibilityTransactions can only be conducted via your bank’s website or their mobile appTransactions can be conducted via any UPI-powered apps like Paytm, PhonePe, or GPay, in addition to your bank’s own UPI app

Factors to Consider Before Choosing A Betting Payment Method

You should always select a bookie that offers you various betting payment methods to bet on cricket online. But how do you decide whether a particular deposit/withdrawal method is suitable for you?

Well, for starters, all the bookmaker deposit options discussed in this guide have been tested and vetted by our review team, so one option is to go with those. However, you may sometimes have you do your own research. To that end, here are five vital points you must check before deciding on any betting payment method:

Factors to consider before choosing a betting payment method

1. Security

Given the steep rise in online fraud and phishing, it is imperative that the payment method is developed on a secure online platform that uses SSL and high-encryption protocols.

Licensing from the relevant regulatory body, such as the Reserve Bank of India, is another way to gauge the security parameter, as such credentials are granted only after a thorough audit. You should also check online consumer forums and review sites to see if other customers have experienced any significant issues in the past.

2. Local currency acceptability

It's best if the betting payment method accepts your local currency for depositing and withdrawing funds from a bookmaker. This saves you from having to shell out currency conversion charges, which appear nominal, but could run up to a significant figure in the long run.

3. Transaction time

Always check the transaction time of the betting payment method you intend to use in order to avoid any last-minute disappointments.

4. Processing fee

Some betting payment methods charge a processing fee when you fund your account. It is best to confirm these charges beforehand – in fact, operators often mention these charges in the FAQ section of their website or will explain any queries you have about this over chat.

5. Operating hours

Be sure to confirm the operating hours of your chosen deposit and withdrawal methods, especially Netbanking and bank transfer, as there are still a few banks that do not offer these services 24/7.

General Deposit Process

You won’t get very far 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 these basic steps depicted below to make a deposit with any of the betting payment methods recommended in this article.

Betting Payment methods steps

General Withdrawal Process

Once you’ve nailed those big wins, it’s time to cash out those funds! Thankfully, if you successfully made a bookmaker deposit, then you will have no problem making a withdrawal. The process is very similar, except you’ll obviously need to navigate to the withdrawal section instead.

We do have one helpful tip ahead of your first withdrawal. After you create your account, be sure to complete the verification process straight away; otherwise, you won’t be allowed to make a withdrawals. You'll need to provide the site with copies of official documents, such as your ID and proof of address, in order to validate your identity. This is a common practice across all licensed bookmakers and is done for the sake of security on your end and that of the site in question.

One last thing you should keep in mind is that maximum withdrawal limits vary from one bookmaker to the next.

Betting Sites With Low Deposits

Looking for online bookmakers that allow you to bet by making the lowest deposit? Well, your search ends here!

Here are the top five low deposit betting sites in India:

OperatorDeposit
1xbet logoMinimum deposit amount ₹75 via most payment methods
Vbet logoMinimum deposit amount ₹1 via Bitcoin
10cric logoMinimum deposit amount ₹300 via UPI
bet365 logoMinimum deposit amount ₹350 via Skrill
Betway logoMinimum deposit amount ₹200 via NETELLER

Top Fast Withdrawal Betting Sites

We expect instant withdrawals from every bookmaker, but unfortunately, that’s not possible. However, there are several reputed fast withdrawal betting sites that allow you to withdraw money reasonably fast, without much hassle.

Here are India’s top five quick withdrawal betting sites:

OperatorWithdrawal
1xbet logoInstant withdrawals via e-wallets
Paripesa logoWithdrawals via UPI and Paytm in under 15 minutes
10cric logoE-wallet withdrawals in under 24 hours
1xbet logoSkrill withdrawal within 15 minutes
bet365 logoNETELLER withdrawal within 24 hours

 

* Please note that withdrawal times vary based on the betting payment method and the bookie. The same method might have varying withdrawal times across different sites.

Top Bitcoin Betting Sites

Cryptocurrency has gathered steam as a betting payment method in a relatively short amount of time. Betting sites are increasingly moving towards accepting them as a valid payment solution, particularly Bitcoin, which is one of the most popular cryptocurrencies in the world right now.

While you check out India’s finest Bitcoin betting sites, we'll the top four right here:

  • Sportsbet.io
  • 22Bet
  • PariPesa
  • 1xBet

Payments on Mobile

Mobile betting has become immensely popular in recent years, and it will only gain more currency as more time goes by. Betting from your mobile presents a host of advantages, most notably the flexibility of wagering anytime, anywhere.

 

Parimatch mobile app

(Source: Parimatch)

Let us assure you that there will be no adverse implications on your payments if you bet using a mobile device, be it a smartphone or tablet. Almost all the betting payment methods mentioned in this blog are suitable for mobile betting. In fact, using e-wallets will be much more convenient when betting on mobile due to backend integrations.

Top mobile apps provide almost all the features offered by the website, such as cricket livestreaming, bonuses, free bets, and the like.

Rest assured that you'll get the best experience possible with the top cricket betting apps currently out there!

Betting Payment Methods FAQs

Is there a one-size-fits-all betting payment method?

Unfortunately, no. There are many different betting payment methods, each with their own unique advantages and disadvantages. To determine the best for you, we recommend you go through our guide and choose one that best suits your distinct needs.

Which sites offer the best betting payment methods in India?

With so many bookmakers offering a broad range of betting payment methods, it can be tough to select a particular operator. Our recommendations are 22Bet, 10CRIC, and 1xBet for the array of deposit and withdrawal methods they accept.

Which betting payment methods are the fastest?

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

Which betting payment methods are the most secure?

Cryptocurrencies are technically the most secure of all betting payment methods. However, other methods such as UPI are more regulated.

CricketBettingAdvice Final Say

We have put in concerted efforts to show you the true picture of the top betting payment methods available for you in India. All these methods are 100% secure and can be entrusted with your hard-earned money. Now, all you need to do is pick one from among the best and get started with your betting journey!

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