Deposit Methods for Online Cricket Betting in India

If you have read our reviews of the best betting sites for cricket, you will be well aware of all the different online cricket betting banking options that are available in India. However, you might want to find out a bit more about each banking method and payment platform.

A lot of modern cricket betting sites offer players that have pending withdrawal requests the option of reverse withdrawal. Find out more about all areas on this matter: from manual flushing to what transparent withdrawal processes should look like.
Trustly allows customers to make instant transactions from their bank accounts without the need of a Credit or Debit Card.
Skrill is a digital wallet offering an alternative payment method online allowing for both local and international transfers.
RupeePay is a unique service allowing users to recharge their mobiles anywhere in India through sending an SMS.
Since March 2021, PhonePe has consistently processed over 1 billion transactions and is a firm favourite for mobile payments in India.
Paytm is the most popular digital payment platform in India with over 350 million users. Use a Debit or Credit Card to transfer money to the e-Wallet.
Unified Payment Interface (UPI) offers customers a way to use their smartphone to instantly transfer money between bank accounts.
PayPal Deposits is an electronic commerce company allowing customers to send money between users as well as pay for items online.
Neteller facilitates the secure and instant transfer of e-money to and from others through their digital wallet.
MuchBetter is an e-Wallet app focused on security, offering a fast and easy way to send, receive, and spend money online.
MobiKwik is one of the largest e-wallets in India, where users can pay bills, send and receive money, and shop through simple and fast mobile payments.
Google Pay aims to improve convenience for their users by consolidating your card information for online, in-app, and face-to-face purchases with your phone.
ecoPayz facilitates money transfers to other users with an ecoPayz account as well as spend money online in up to 50 different currencies.
Bitcoin is a decentralised currency that can be sent to other users or merchants digitally. Bitcoin is currently the most popular type of cryptocurrency.
Bank Transfers allows users to send and receive money nationally and internationally from their bank account.
As a virtual pre-paid card, AstroPay Card allows users to deposit funds securely and instantly online.
WebMoney is an online payment system facilitating thousands of transactions every day.
Jeton allows users to send, receive, and exchange funds online through their smartphone.
VISA is a reputable service used by more than 29 million people in India alone. Find out why they have chosen VISA and why you should too.

What Type of Information Will You Find?

We will give you a short history of the banking method, how it works, whether there are any fees involved, how long it takes to deposit or withdraw money, the pros and cons, before finishing up with our overall opinion.

Indian Banks and Gambling Sites

There used to be a time when Indian sports bettors and casino players had very little options when it came to gambling online because barely any sites would accept us. However, things have changed a lot in the last few years or so and many gambling sites are more than happy to accept Indian gamblers because they know just how much money there is to be made. As a result, Indian gamblers, whether they like to bet on sports or play at online casinos, have plenty of gambling sites to choose from now.

However, as you probably already know, the laws concerning online gambling in India are a grey matter. Gambling, for the most part, is not allowed across India, but the Indian government are powerless to prevent their citizens from signing up with a sportsbook that is not based within India. Having said this, it does not mean that we do not face a number of problems when we gamble online.

One of the main issues that we can encounter is when we try to use our bank to deposit money and withdraw winnings. There are not many Indian banks that will allow you to make a gambling transaction, and some will even go as far as to block your card should you attempt to do so. It is not surprising that many Indian banks block gambling transactions since gambling is something that is prohibited in all but two states across the country.

This can be pretty frustrating to say the least, but thankfully the majority of online bookies that accept bettors from India offer a wide variety of different payment methods that you will be able to make use of instead. Also, there are some banks that will accept gambling transactions, so it is not a payment method that is completely off limits.

Security is something that is very important whenever you are depositing your hard-earned money at a sports betting site, and so is ease of use. If you make use of one of the banking options that you will come across in this article of ours, then you can be certain that your money is safe and that you will not have any difficulties whenever it comes to making a deposit or requesting a withdrawal if you land any winnings.

How to Deposit on a Betting Site in India

You will be glad to hear that depositing money at a betting site in India is a rather simple procedure. Nobody wants to spend ages trying to figure out how exactly they go about making a deposit at a sportsbook. After all, time that is spent trying to figure out how to make a banking transaction is time that could be spent placing bets on cricket and trying to win some extra money.

So, how does one go about depositing money at a sports betting site? Well, it might vary ever so slightly depending on the payment method that you opt to use, but the process will generally be the same. Below we have outlined the typical depositing process for you:

  • Sign on to your betting account and head on over to the banking options page.
  • Go through the payment methods that your bookmaker has available and choose the one that suits you the best.
  • Select it, follow the easy instructions, and then input the amount of money that you would like to deposit.
  • Once you are happy with the decision that you have made, click the submit button and the money should appear in your sportsbook account instantly.

Which Are the Best Payment Methods in India to Use for Making Deposits on Betting Sites?

This is a question that we are asked quite regularly, but it really is not that easy of a question to answer. Why is this the case? Well, it is because it is a rather subjective question. What might be the best payment option for one sports betting fan might not be the best payment option for another spirts betting fan. At the end of the day, the best payment method is whatever one suits you the best.

Below we have listed some of the best payment methods in India and we really do recommend that you make use of one of these.

When it comes to popularity, these are the most popular banking methods for Indian gamblers, and you will find the majority of these at the best online sportsbooks that accept gamblers from India. In fact, if you come across a sportsbook that is happy to accept Indian gamblers and you are tempted to open an account with them, we recommend that you check the payment methods that they have available before you go ahead and complete the registration process. If they only have a few of the above banking options, then we recommend that you look elsewhere.

What is the advantage of having many banking options available for you to use? The main advantage with having plenty of payment methods to choose from is that you can select the one that you are most familiar with. When you are using a banking option that you know like the back of your hand, you will be less likely to make a mistake when depositing money that will see you deposit more money than you initially wanted. Now, we know that you are probably sitting there thinking that it is not the end of the world if you deposit a bit extra, but the more cash that you have in your account, the more tempted you will be to spend it.

Using Credit Cards for Online Gambling

Depositing with credit cards is not something that is prohibited to us Indians, but it is extremely difficult to do due to the restrictions that financial institutions apply. If you try to make a deposit using some type of credit card, the most likely outcome is that it will be rejected more times than it will be accepted. The rejection might happen right away, or it might take a couple of days before you are informed about the rejection.

Credit cards are very convenient and safe, however due to restrictions that are often applied by Indian banking institutions, they are not the best option for those who are gambling online at sports betting sites from within India.

Using Debit Cards for Online Gambling

Many people in the gambling world make use of debit cards to deposit money at their favourite betting sites, but depositing with debit cards is not the best option for Indian gamblers. This is because a debit card is also linked to your bank account, so if you were to try and complete a transaction with a sportsbook based outside of India, the likely outcome is that it will be blocked, and your transaction will not be completed.

Using e-Wallets for Online Gambling

When it comes to payment methods accepted by Indian betting sites, it is safe to say that e-Wallets are the best options for Indian sports bettors. Why is this? Well, e-Wallets allow you to make purchases online without the need for you to hand out your banking information to every website that you want to purchase from. In other words, an e-Wallet is the middleman between you and the Internet.

Let us provide you with a quick example to explain more. Let us say that you want to buy something from a site, deposit money with a sportsbook, and order some food online. If you do not own an e-Wallet and want to buy your purchases with a debit or credit card, you will be required to give three different companies your personal banking information. The more information that you provide to the Internet, the more you will be exposed.

However, let us say that you decide to open an account with an e-Wallet such as Skrill. You do need to give them your banking info, but once you have given it to them, you will not have to give it to anyone else on the Internet that accepts Skrill. There are hundreds of companies out there that accept Skrill nowadays. Skrill makes use of their own payment information to process the transaction, and then takes the money from your Skrill account or the bank that you linked to your account.

Are e-wallets safe? This is a question that is asked regularly, and the answer is that they are much safer than the more traditional methods that you will find at gambling sites. Your personal details are a lot safer with an e-Wallet such as Neteller, Skrill, or PayPal and if in the unlikely event that your account does get compromised and your money gets stolen, whatever you had in your account will eventually be returned to you.

However, we must stress that e-Wallets were not built just to make your life a lot easier. They are there to make a profit, which means that there will be some fees for certain kinds of transactions. For example, if you are depositing money into your e-Wallet account, there will probably be a fee, but there will not be another fee when you go ahead and deposit at your favourite onine casino. While nobody likes to pay fees, there is some good news and that is the fees are often low.

Not Every Banking Option Can Be Used for Deposits and Withdrawals

There might be a time when you come across a sports betting site and get excited by the variety of banking options that they have made available to their players. However, it is important that we stress here that not all those banking options will be available for you to make deposits and withdrawals. There will be some banking methods that Indian gamblers are restricted from using. You should take the time to familiarise yourself with the payment methods that we mentioned above, so that when you come across a new sportsbook, you will know in a matter of seconds the type of variety that they have for Indian gamblers.

Also, it is important to note that all deposit methods can be used to make a deposit and request a withdrawal. This means that if you choose a deposit option that does not allow you to withdraw money, you will have to use a different option whenever you would like to withdraw any winnings that you have won.

Betting with Indian Rupees

There are betting sites that accept Indians and Indian rupees, while there are other betting sites that are happy to accept Indian players but will not have Indian rupees as one of their currencies supported. If you have the option between signing up with an online bookmaker that accepts Indian rupees or one that does not, then we highly recommend that you open an account with the former.Why is that? Well, it is because if you sign up with a bookie that does not accept Indian rupees, whenever you go ahead and make a transaction, you will be subjected to some conversion fees, and these can be quite high at times.

Also, it is always better to gamble with a currency that you are familiar with because you will always know just exactly how much you are putting on the line. For example, if you have to gamble using British pounds or American dollars, you might not always be fully aware as to just how much your stake equates to in Indian rupees.

Withdrawing Indian Rupees

Not only will all of the best sports betting websites allow you to make deposits in rupees, but the majority of them that accept Indian sports betting players will allow them to withdraw Indian rupees as well. Once again, this is great as it means that you will not be subjected to any conversion fees. Therefore, if you win 10,000 Indian rupees and request to withdraw it all, you will get the complete 10,000 Indian rupees and will not miss out on any of it.

Do Indian Betting Sites Accept Cryptocurrency?

The answer to this question is a definite yes. In fact, it is becoming one of the more popular payment methods that bookmakers accept and cryptocurrency is quickly becoming a preferred payment option for Indian gamblers. In fact, paying with cryptocurrency is something that is growing in popularity amongst gamblers all over the world. Why is it becoming a popular method of payment for gamblers? Well, it is because cryptocurrency such as Bitcoin are extremely secure, easy to use, and offer complete anonymity since players are not required to input their payment information.

Since the deposit method for cryptocurrency payment options such as Bitcoinis slightly different when compared to other payment options, we are going to quickly breakdown the process for you below:

  • In order to make a deposit using Bitcoin, you need to have an e-Wallet to store your currency. We recommend that you make use of Xapo, Blockchain, and Coinbase as these are three of the best. Registration is simple as you just need to give them your email address and follow the simple instructions.
  • The next thing that you will need to do is buy some Bitcoins, and you can do this from your wallet. Sign in and click on the "Buy" tab and then enter the amount that you want to spend on Bitcoin. For the value that you enter, the number of Bitcoins that you will get will be shown
  • Sign up with a sports betting website that accepts Bitcoins, and log into your account. Then, head on over to the payment options page and scroll through and click on Bitcoin. Input the necessary information such as how much you would like to deposit, and you will then be given an e-Wallet address
  • Copy the wallet address and log into your e-Wallet to confirm the payment. You will have your funds available to use in a matter of minutes

Betting Sites in India with Fast & Easy Deposits

Whenever you are making a deposit at a sports betting site so that you can start betting on cricket or any other sport, you will want deposit to be easy to make and get processed as quickly as possible so that you can start placing bets. There is nothing more annoying than having to wait for deposited money and missing out on a bet that you wanted to place.

In fact, how long it takes to process a transaction, whether that is a deposit or a withdrawal, is something you should find out before you go ahead and sign up with a sportsbook so that you can make sure that you avoid the above annoying scenario. To help you out, we have provided you with a list of sports betting sites that have fast and easy deposits:

As well as having fast and easy deposit methods, the above bookmakers also have plenty of markets for cricket betting and offer really competitive odds for all these markets. In addition to this, they also offer enticing bonuses and promotions to make your betting experience all that little bit more enjoyable. If you decide to register with one of these bookies, we are certain that you will have a sports gambling experience that will not leave you wanting.