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Joe Yarnold

When it comes to the best online betting banking methods in India, our research shows that UPI is the preferred choice for many Indian bettors. However, PhonePe, Google Pay, and Skrill are also popular options. Our guide takes a closer look at the most common sports betting payment methods, how to choose the best one for you, and more.

An Overview of Banking Options Available on Betting Sites

Next, we’ll cover essential information about the most popular online betting banking methods in India method, including average transaction limits and speeds.

Google Pay

google pay logoGoogle Pay is a mobile payment service that allows users to add a card once and then make instant payments by tapping their phone in stores or with just one click online.

The minimum deposit at Google Pay betting sites is usually around ₹400. The minimum withdrawal is slightly higher at about ₹600. The maximum withdrawal amount is generally ₹50,000. There’s generally no transaction charge, and withdrawals can take up to 48 hours.


UPI logo Unified Payments Interface (UPI) is an instant payment system app for mobile phones. It facilitates Peer to Peer and Peer to Merchant instant bank transactions.

UPI betting sites are less common than other payment methods, but many sites are starting to support it. The average min/max deposit and withdrawal fee is ₹500 – ₹50,000. Deposits are free of charge and processed immediately. Withdrawals can take up to 48 hours but are usually much faster.


Paytm Pay through mobile (Paytm) is a payment app that consumers can use to pay bills and transfer money to friends and merchants online. There are several Paytm betting sites that support transactions for both deposits and withdrawals using this app.

Paytm betting sites in India are a common occurrence. Minimum deposits are around ₹300-500. It’s not the fastest payment method; deposits take anywhere from a couple of hours, and withdrawals can take up to 2 days.


PhonePE PhonePe is one of India’s most popular digital wallets. With over 500 million users, it’s now a banking option many betting sites in India provide.

You’ll find that PhonePe betting sites usually have a relatively low minimum deposit of around ₹300-400. Minimum withdrawals are a little higher and average at about ₹500. Deposits are generally instant but can take up to an hour. Withdrawals can take up to two days but are usually completed within a few hours.


INB Netbanking sites or Internet banking allow you to access your bank account on any device with an Internet connection, such as your phone, tablet, or computer. As banks improve online services, it is becoming one of the most popular online betting banking methods.

NetBanking betting sites tend to set minimum limits of at least ₹500, and there is usually a limit of ₹50,000 to ₹100,000. Limits and times depend on the banks and the NetBanking betting sites, but transactions are typically completed within 48 hours.


MobiKwik LogoAnother leading mobile payment system and digital wallet in India is Mobikwik. There are zero fees from the betting site for using this payment option, but Mobikwik charges a 2.5% fee when funding your wallet with a credit card.

Minimum deposits range from ₹300-700, whereas minimum withdrawals usually start from ₹500. Maximum withdrawals, on average, are both around the ₹50,000 mark. Deposits take around 15 minutes but can be up to an hour, and withdrawals can take up to 48 hours.


Neteller Neteller is a global payment service and digital wallet that allows transfers to and from merchants, including gambling websites. They also offer NET+, prepaid cards.

The best Neteller betting sites in India do not charge any service charge. However, Neteller does impose a 2.5% fee on outgoing transactions. Neteller has some of the lowest minimum deposit and withdrawal limits, usually around ₹300-400. Withdrawals are completed within 24 hours and usually 15-60 mins.



Cryptocurrency is a decentralized digital coin that runs on a public ledger known as blockchain. Bitcoin was the first cryptocurrency created in 2009, but now there are over 9,000 active coins.

It has become one of the most popular sports betting payment methods because it provides anonymity and is one of the fastest withdrawal methods, with sites paying out within 24 hours and, in many cases, within an hour.

Deposits and withdrawals start from around ₹400, and maximum limits are usually high, with ₹500,000 being an average but can be much higher, and in some cases, there is no max limit.


Jeton Logo Jeton is a global digital eWallet that is accepted in over 200 countries and available in 27 currencies. It’s one of the most widely accepted eWallets at betting sites in India.

It has some of the lowest minimum deposit limits, often set at around ₹100-150. Maximum limits can be very high, and ₹500,000 is about the average. Deposits are instant, and withdrawals can take up to 24 hours, but at most sites, it will be within a few hours at most.


Mastercard Mastercard is one of the world’s largest payment processing networks. Hundreds of financial institutions use the network for credit and debit cards, and many Indian betting sites accept Mastercard bank cards for deposits and withdrawals.

They tend to have pretty high deposit and withdrawal minimum limits of around ₹500- ₹1,000. Maximum withdrawals are typically between ₹50,000- ₹80,000. As online betting banking methods go, Mastercards have some of the slowest payout times, which are between 3-7 working days. However, deposits are generally processed instantly.


Visa Like Mastercard, Visa is one of the leading global payment processing organizations and supplies credit and debit card networks for financial organizations across the globe, and you can use Visa to bet at the majority of online sportsbooks.

You can use Visa to bet at the majority of online sportsbooks. Deposits are instant, but like Mastercard, withdrawals can take up to 7 working days. Minimum deposits tend to range from ₹500- ₹1,000. Maximum limits range from roughly ₹40,000- ₹90,000.


ecoPayz Formerly known as ecoCard, ecoPayz launched in 2000 and is one of the oldest eWallets. It’s still a popular online payment method and is found at many online betting sites.

Betting sites process transactions from ecoPayz free of charge. There can be huge differences between sites on maximum transaction limits. On some sites, you may find a limit of around ₹100,000, while others will go into the millions.


Webmoney Webmoney is one of the largest electronic payment processors in Russia and is available in multiple countries across the world. However, it is not so popular in India and is only offered at a limited number of Indian online betting sites.

Typical limits range from ₹500 – ₹500,000. Transactions are free of charge, deposits are processed within 15 minutes, and withdrawals can take up to 48 hours.


astropay logo Astropay launched in South America but is now used in hundreds of countries. Astropay betting sites are a little more infrequent than other eWallet betting sportsbooks, but a large number of sites do support it.

Astropay betting sites suit low and high rollers, with minimum deposits being ₹100-300 and maximum limits of around one million INR. Payouts are usually completed in 24 hours but can take up to three days, depending on the site.


Skrill Skrill supports over 40 currencies, which makes it a popular digital wallet worldwide. It is one of the most widely supported eWallets at sports betting sites in India.

Minimum deposits are usually in the range of ₹150-400, and minimum withdrawals are typically ₹400-500. Maximum limits vary significantly on the site but are usually the options that offer the highest limits, and some sites have no maximum transaction. Skrill betting sites also provide some of the fastest payout times. Sites advertise up to 48 hours, but it can take as little as 15 minutes.


ezeewallet This digital wallet is widely supported at online betting sites in India. It has instant deposit speeds, and payouts are completed within 24 hours but can take up to 48.

Limits provide a lot of freedom, usually ranging from a couple of hundred Rupees up to around one million rupees or more for maximum limits. Transactions performed with eZeeWallet are free of charge.


payz Payz eWallet operates in more than 180 countries around the world. Certain other eWallets are supported more often than Payz, but you can use it on several websites.

Minimum deposits are around ₹150-500, and maximum transactions are generally between ₹200,000-₹1,000,000. There are seldom any fees charged by the betting sites for using this method.


mifinity MiFinity is an eWallet that is available at a relatively large number of online betting sites. The average minimum deposit is ₹600-900, and the maximum limit average is ₹100,000. You get instant deposits at most sites, but withdrawals can take up to two days.



Paysafecard is a prepaid card that users can purchase online or using cash at a local retailer. When you buy the card, you are given a one-time 16-digit PIN that you can then input to deposit that amount of money at an online betting site.

These cards can only be used for deposits, and the limits are pretty restrictive, with a minimum/max range typically being ₹1,000-₹10,000.

Bank Transfer

Bank Transfer Bank transfers have been available online for decades and used to be one of the only sports betting payment options. Nowadays, they are still supported by the majority of online bookmakers.

Deposit times typically take a couple of hours. Payout speeds vary greatly depending on the site and bank but are usually 3-5 business days. Minimum deposits are about ₹1,000, as are withdrawals; the maximum limit is usually ₹50,000.


muchbetter MuchBetter offers a range of payment systems, including a digital wallet, mobile app, and physical cards. You won’t find MuchBetter as frequently as other digital online betting banking methods, but several sites support this method.

When it is an option, minimum limits start from ₹500, and maximum limits tend to be around the ₹500,000 mark. Withdrawals are free of charge and can be completed within a few hours but can take up to 3 days.

A Closer Look at Online Banking Methods for Bettors in India

The table below provides a brief overview of the different banking methods available at most online betting sites in India. The information is based on the average of multiple betting sites. This means that you may find that the betting site you use might provide faster/slower transaction times, higher or lower limits and fees than those shown in the table.

Rank Payment Method Fee Avg. Deposit Time Avg. Withdrawal Time Min. Transaction Max. Transaction
#1 Skrill 0% Instant Up to 24 hours ₹300 ₹1,000,000
#2 UPI 0% Instant Up to 48 hours ₹500 ₹50,000
#3 Neteller 0% Instant Up to 24 hours ₹300 ₹500,000
#4 Cryptocurrency 0% Instant Up to 24 hours ₹100 ₹1,000,000
#5 PhonePe 0% Up to 1 hour Up to 48 hours ₹400 ₹50,000
#6 Google Pay 0% Instant Up to 48 hours ₹500 ₹50,000
#7 Jeton 0% Instant Up to 24 hours ₹200 ₹500,000
#8 Paytm 0% Up to 2 hours Up to 48 hours ₹300 ₹50,000
#9 Mobikwik 0% Instant Up to 48 hours ₹400 ₹50,000
#10 Astropay 0% Instant Up to 48 hours ₹400 ₹1,000,000
#11 ecoPayz 0% Instant Up to 48 hours ₹300 ₹500,000
#12 Netbanking 0% Up to 1 hour Up to 48 hours ₹500 ₹400,000
#13 Visa 0% Instant 2-7 days ₹500 ₹50,000
#14 Mastercard 0% Instant 2-7 days ₹500 ₹50,000
#15 eZeeWallet 0% Instant Up to 48 hours ₹250 ₹500,000
#16 Payz 0% Instant Up to 48 hours ₹300 ₹500,000
#17 Mifinity 0% Instant Up to 48 hours ₹600 ₹100,000
#18 MuchBetter 0% Instant Upto 72 hours ₹500 ₹500,000
#19 Bank Transfer 0% 2 hours 3-5 days ₹1,000 ₹50,000
#20 WebMoney 0% Up to 1 hour Up to 48 hours ₹500 ₹100,000
#21 Paysafecard 0% Instant N/A ₹1,000 ₹10,000

Top Banking Methods for Fast Payouts

Withdrawals from betting sites vary greatly depending on the site and the payment method. They can take as little as a few minutes or as long as a couple of weeks. The faster payout options are generally newer options like cryptocurrencies.

These types of methods can facilitate faster payments because they cut out intermediary steps that traditional methods like bank transfers and cards have to take, which slows down the process. They also have streamlined verification processes, whereas fiat payments have more complex processes that may have to be done manually. In addition, these options operate 24/7, but banks only operate during working hours and on specific days.

If you want fast or instant withdrawals at online betting sites, then cryptocurrency, Neteller, or Skrill are the best options. You will find that most sites have a maximum 24-hour processing time for these payout options, however, several sites process these withdrawals within 15-60 minutes.

How to Enjoy Sports Betting Anonymously

An increasing number of people prefer to use sites that let them gamble anonymously. Cryptocurrencies and eWallets both offer a level of anonymity.

One of the main reasons people opt for this is that it provides privacy and enhanced security. When you use eWallets and crypto, your information is never shared with the betting site, so your money and data are protected from malicious third parties.

You gain almost complete anonymity when you bet with Bitcoin, do Ethereum betting, or use other cryptos in conjunction with VPNs and sites that don’t require KYC for crypto payments. Because of this anonymity, your betting options increase because you can access betting sites from anywhere in the world, even if they don’t usually accept players from your area.

Top Payment Methods for High Rollers

Cryptocurrency, Neteller, Jeton, and Skrill betting sites are top options for those with deep pockets looking to wager a lot of money online.

These payment options almost always offer the highest deposit and withdrawal limits at online sportsbooks. Some of the best Neteller betting sites may even put no upper limit on payouts. The same goes for Ethereum betting sites and other cryptocurrencies.

What You Need to Know About Minimum Deposit Betting Sites

Only some enjoy or have the means to bet big, and for those people, a site that lets you deposit small amounts is ideal. Minimum deposit sites are just that; these sportsbooks have low minimum deposit requirements of ₹100-500.

These low minimum deposit limits allow casual bettors and those with limited budgets to deposit amounts they feel comfortable with. Low deposit sites also have lower minimum withdrawal limits, which is essential for those betting in small quantities as you want to be able to withdraw your cash.

Certain online betting banking methods are better suited to those who prefer to bet in small amounts. One of the best options is to bet with Bitcoin and other crypto, as deposit limits can be ₹100 or lower. UPI betting sites and many eWallets also often have low minimum deposits of ₹400 or lower.

The Best Online Betting Banking Methods for Mobile

In most countries, around 80% of online gambling is done on mobile devices. Most people prefer this method because it’s incredibly convenient; you can bet from anywhere at any time. With modern technology, mobile betting sites and apps look just as good and function as well as desktop sites.

While you can use any payment method to fund your account from your phone, specific online betting banking methods are better suited. Phonepe betting sites and Google Pay betting sites are a perfect match as they are both mobile payment apps, and deposits take just a few clicks. UPI and Paytm are also ultra-convenient when using a mobile betting site.


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Joe Yarnold

Joe Yarnold has been a part of the SBS team since 2021. He works as a content editor and writer specializing in gambling. He has a background in writing informative articles on all aspects of gambling. Although his focus is on casinos he also has a passion for sports betting and has years of experience in this field.