The Best Online Betting Banking Methods in India for 2024

Google Pay

Google 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

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.

NetBanking

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

Another 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

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

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

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

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 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.