Best Payment Methods For Online Betting In India 2024
Everyone knows that in order to start betting on sports – the game account must have a positive balance. Our experts have analyzed the markets of payment systems and in the research, we have formed an opinion on the most popular methods of deposit and withdrawal of funds from online bookmakers in India 2024. After reading this review, any player will be able to navigate and choose the payment method that suits them best. Start studying our guide now and you will have all the latest information about the best payment methods for online betting.
List of Betting Sites with the Best Deposit Methods
While analyzing the payment methods, we have also studied the online sites that provide their services to Indian players. We have formed a list of sites that provide users with a smooth and secure experience for any transaction. Each of the bookmakers has in their range of convenient methods whether it is credit cards, e-wallets, bank transfers or other payment methods. This table shows the best betting sites that use only popular, proven and secure deposit and withdrawal methods:
| Brand | Highlights | Bonus | Rating | Link |
|---|---|---|---|---|
|
1
|
Parimatch Highlights
|
Welcome Bonus
150% Up to INR 12,000
Welcome bonus on betting up to INR 12,000 for new customers from India. |
Read review | |
|
2
|
Melbet Highlights
|
Welcome Bonus
100% Up to 20.000 INR
New Melbet players can get a bonus of +100% on their first deposit of up to INR 20.000. |
Read review | |
|
3
|
Megapari Highlights
|
Welcome Bonus
100% Up to INR 30,000
Welcome bonus for the sports section. |
Read review | |
|
4
|
1Win Highlights
|
Welcome Bonus
500% Up to INR 80,400
New customers at 1Win can get a welcome bonus of 500% up to 80,400 INR. |
Read review | |
|
5
|
Dafabet Highlights
|
Welcome Bonus
160% Up to 16,000 INR
Bonus is active for the Sports section with minimum deposit Rs 1,000. |
Read review | |
|
6
|
Indibet Highlights
|
Welcome Bonus
400% Up to INR 25,000
Bonus is activated for both 200% sports betting and 200% casino games! |
Read review | |
|
7
|
Baji Live Highlights
|
Welcome Bonus
150% Up to INR 10,000
Available to new members who make their first deposit with Baji. |
Read review | |
|
8
|
22Bet Highlights
|
Welcome Bonus
100% Up to INR 10,000
Deposit INR 10,000 in your new account and get INR 10,000 added for no additional cost. |
Read review | |
|
9
|
SapphireBet Highlights
|
Welcome Bonus
100% Up to INR 8,700
After completing the registration process, players can enjoy a unique Welcome Bonus for new customers. |
Read review | |
|
10
|
Khelraja Highlights
|
Welcome Bonus
50% Up to INR 15,000
Obtain +50% up to INR 15000 on your account simply by making your first deposit. |
Read review |
What are the Best Payments Methods in India?
Today, among all the available payment and withdrawal methods, there are a small number of really convenient and safe payment methods. When choosing a payment method, you should give great importance not only to its popularity, but also to the security of transactions. Among the most popular payment methods in India are considered digital wallets (Paytm and PhonePe) Unified Payments Interface (UPI), internet banking, various debit/credit cards (Visa or Mastercard), offline transactions. All these payment methods provide safe and secure transactions to the players without any data leakage.
Reviews of Popular Deposit Methods
To fully understand all the popular betting payment methods, we will give you a brief overview of each method. This information will help you better understand each system and familiarize yourself with its main advantages and disadvantages. After reading the brief descriptions of the methods, you will have a complete overview of the available payment methods for betting.
UPI
UPI is a payment system in India developed by the National Payments Corporation of India (NPCI). This method allows users to make secure and instant transactions between bank accounts. It is considered to be one of the most popular as it is simple and easy to use. This payment method is supported by such well-known brands as Parimatch, Indibet, 1Win, Melbet, Megapari, Dafabet and others. The main advantages and disadvantages of this method are:
Advantages
- Fast and easy online payments;
- Transactions are processed instantly, providing immediate credit to your account;
- Facilitates transactions between different banks;
- Transactions are protected by two-factor authentication, making them more secure.
Disadvantages
- India-centric, so outside the country may be limited;
- Some users report difficulty in contacting customer support.
Visa/Mastercard
Visa and Mastercard are debit cards that are considered the most popular payment methods worldwide and in India. These payment systems enable users to make online transactions, fund their gambling accounts on various betting platforms. This payment method is supported by such well-known brands as Parimatch, Indibet, Khelraja, Baji Live, 1Win, Melbet, Megapari, Dafabet, 22Bet, Sapphirebet and others. We have highlighted the following advantages and disadvantages of these methods:
Advantages
- Accepted in many countries thus being one of the most affordable payment methods;
- Offer a quick and easy way to make payments on betting sites;
- Provide security features (chip technology and fraud protection measures to protect transactions);
- Offer card holders bonus programmes, cashback or other benefits.
Disadvantages
- Transaction fees are charged;
- Rely on network connectivity and may experience problems or downtime, causing inconvenience to customers.
Paytm
Paytm is a payment method that is exclusively for Indian customers. It gives you the ability to send and receive money, pay bills, make transactions on betting sites from the comfort of your home. The payment is adapted for India, so players can make secure transactions. This payment method is supported by such well-known brands as Parimatch, Indibet, 1Win, Melbet, Megapari, Dafabet, 22bet and others. When analyzing the payment method, we noted the following advantages and disadvantages:
Advantages
- Provides a convenient and fast way to make payments and transactions from mobile devices;
- Widely accepted by various betting sites;
- Takes little time to process transactions without delaying payments;
- Allows users to securely store money and make transactions without disclosing bank details.
Disadvantages
- May charge a fee for certain transactions or money transfers;
- Adapted for India only, so outside the country may be limited.
PhonePe
PhonePe is no less a popular digital payment method among Indian bettors. With this system, customers can make payments, transfer money, pay bills and more online directly from their phones. This method supports almost every popular betting site, thus providing easy access to betting. This payment method is supported by such well-known brands as Parimatch, Indibet, Khelraja, 1Win, Melbet, Megapari, Dafabet and others. Read on to find out the main advantages and disadvantages of this payment method:
Advantages
- Offers a convenient and easy-to-use interface for transactions and payments;
- Uses robust security measures to protect user information and transactions;
- Widespread use on various betting sites, making it a popular choice for online betting enthusiasts;
- Fast transactions that can take place instantly.
Disadvantages
- Available to users in India, which limits its use outside the country;
- Some transactions may incur fees (for transferring money to bank accounts exceeding a certain limit).
AstroPay
AstroPay is a payment method that involves a “virtual card”. This system allows users to make online transactions without disclosing their personal or financial information. The virtual card functions in such a way that it can be easily topped up with various payment methods and used for online betting. This payment method is supported by such well-known brands as Parimatch, Indibet, Khelraja, Baji Live, 1Win, Melbet, Megapari, Dafabet and others. Read about the main advantages and disadvantages of this type of payment:
Advantages
- Provides a higher level of security as users do not need to disclose sensitive information when making payments;
- Personal and financial data remains private, reducing the risk of fraud;
- Enables users to make payments in different currencies;
- Widely accepted on many online platforms, allowing users to make payments conveniently.
Disadvantages
- Users need to pre-fill their card, which can be inconvenient if immediate payment is required;
- May charge certain fees for transactions, currency conversion or card maintenance.
Neteller
Neteller is an e-wallet used by Indian players for recharging their accounts. This method enables users to make secure transactions and send as well as receive money worldwide. The method supports cryptocurrency transactions and also provides complete security of transfers using advanced technology. This payment method is supported by well-known brands such as Parimatch, Indibet, 1Win, Melbet, Megapari, Dafabet and others. Below you can read the main advantages and disadvantages of the method:
Advantages
- Availability in many countries;
- Fast and secure transactions with advanced encryption;
- Support for cryptocurrency transactions;
- Multiple deposit options via credit/debit cards and bank transfers.
Disadvantages
- High commissions for certain transactions, such as currency conversion;
- Strict verification process when registering an account.
Skrill
Skrill is also recognised to occupy the status of a popular digital wallet. Like using any e-wallet, this method allows users to send and receive money online. With the help of this payment system, users can easily make transactions on various platforms of betting sites. This payment method is supported by well-known brands such as Parimatch, Indibet, 1Win, Melbet, Megapari, Dafabet and others. While analyzing the working of the payment method, the following advantages and disadvantages have been highlighted:
Advantages
- Supports transactions in over 200 countries and 40 different currencies;
- Offers various payment options (credit/debit cards, bank transfers and cryptocurrency);
- Uses encryption technology and two-factor authentication;
- Charges lower transaction fees than traditional banking methods.
Disadvantages
- Users need to go through a verification process, including identity and address verification, which can be time-consuming;
- Imposes certain limits on withdrawal amounts, which may restrict larger transactions.
EcoPayz
EcoPayz is a renowned online payment system that is very popular among players in India. Through this system, customers can make secure transactions, transfer funds and manage their finances digitally. This method has been in the market since 2000 and supports more than 50 currencies. This payment method is supported by such well-known brands as Parimatch, Melbet, Megapari, Dafabet and others. While analyzing the payment system, we have highlighted the following main advantages and disadvantages:
Advantages
- Available in over 150 countries and supports multiple currencies;
- Utilizes advanced encryption technology and two-factor authentication to secure user information and funds;
- Users can send money, make online bets without having to go to a bank branch to deposit money;
- Fast transaction processing, which does not take much time.
Disadvantages
- Some transactions, such as currency conversions or withdrawals, may incur fees;
- To increase account limits and access additional features, users may be required to go through a verification process.
Bank Transfer
Bank Transfer is also considered a popular payment method among Indian bettors. This system allows individuals to transfer funds from their bank account to another bank account. Bank transfer is often referred to as one of the safest payment methods as it enables individuals to send money safely and quickly. This payment method is supported by such well-known brands as Parimatch, Indibet, 1Win, Melbet, 22Bet, Megapari, Dafabet and others. Read about the main advantages and disadvantages of this system:
Advantages
- Bank transfers can be made online or via mobile banking, providing a convenient way to send money from the comfort of your own home;
- Provide fast processing times, allowing funds to be transferred the same day or even instantly;
- Are considered secure as they include encrypted transmission and strong authentication processes;
- Provide clear transaction controls, thereby allowing users to track their financial transactions.
Disadvantages
- Some banks charge a fee for processing bank transfers;
- Although transfers can be fast, there may be delays due to weekends, holidays or time differences.
Review of Bookmaker Deposit Methods and Withdrawal Options
Our experts have also analyzed information on minimum deposit amounts, payment processing times that apply to the top sports betting sites. In the table we have formed an overview of all available popular payment methods and described their terms and conditions for betting sites:
| № | Brand | Minimum Deposit | Maximum Withdrawal | Processing time |
|---|---|---|---|---|
| 1 | Parimatch | Rs 100 (UPI) | Rs 100,000 (UPI) | Up to 15 minutes (all) |
| 2 | Indibet | Rs 100 (Visa) | No limit | Instant (Skrill) |
| 3 | Khelraja | Rs 500 (Paytm) | No limit | Up to 24 hours (Astropay) |
| 4 | Baji Live | Rs 500 (Astropay) | No limit | Up to 24 hours (Astropay) |
| 5 | Megapari | Rs 80 (Mastercard) | No limit | Up to 15 minutes (debit cards) |
| 6 | Melbet | Rs 110 (Bank Transfer) | Rs 1,000,000 (Bank Transfer) | Up to 1-7 business days (Bank Transfer) |
| 7 | 1Win | Rs 300(Astropay) | No limit | Up to 24 hours (Astropay) |
| 8 | Dafabet | Rs 100 (UPI) | No limit | Instant (Neteller) |
| 9 | 22Bet | Rs 80 (all) | No limit | Up to 15 minutes (debit cards) |
| 10 | Sapphirebet | Rs 87 (Visa) | No limit | Up to 15 minutes (debit cards) |
General Process: How to Deposit on Betting Sites?
In order to make a deposit with any of the payment methods presented in the review, you need an internet connection and a few minutes of your time. Only an adult client who has an account on the bookmaker’s website can make a deposit. If you are new to betting just follow the guide:
- Log in to your personal account. Go to the official website from any convenient device and enter your personal cabinet using your login and password.
- Go to the section “Deposit”. After logging in to your personal cabinet, find the green “Top up” button at the top of the page and click on it.
- Select the method of account replenishment. Choose the most convenient way for you from the available deposit methods.
- Make a deposit. Enter the desired deposit amount and other requested data and click “Confirm Deposit”.
Basically, all the money that is deposited is instantly credited to the gaming account. But due to network outages there may be some delays of no more than 15 minutes.
General Process: How to Withdraw Funds on Betting Sites?
Withdrawing money from your gaming account is also an easy process, but it is only available to verified accounts. If you have successfully verified your account, please use the step-by-step guide to withdraw funds from the betting site:
- Log in to your personal account. Go to the official website or mobile betting app from any convenient device and log in to your personal cabinet using your login and password.
- Go to the “Withdrawal” section. Once in your personal cabinet, find the “Withdrawal” button at the top of the page and click on it.
- Choose a method of withdrawal. Choose the most convenient method from the available ones.
- Make a withdrawal. Enter the desired withdrawal amount and other requested data and click “Confirm”.
Withdrawal time depends on the payment method you have chosen. Generally, all transactions are processed during business hours and take from 1 to 5 working days.
Factors to Consider Before Choosing a Payment Method
When choosing the best payment and withdrawal method for yourself, it is not enough to rely on expert opinion. It is also important to independently research and consider several factors when making your choice. We have compiled a list of tips that will help you choose the most convenient and favorable payment system option:
- Safety and reliability. Make sure the method you choose has a good reputation for protecting sensitive financial information;
- Convenience and accessibility. Use options that are widespread and easily applicable across different betting platforms;
- Commission or transaction fees. Some payment methods may charge higher fees than others;
- Speed and efficiency. Fast transfers and timely access to funds will save you time and give you quick access to the services you need.
FAQ
If you still have questions about working with payment systems, check out the information below where we have given detailed answers to popular questions from Indian users.