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India Sports Betting Deposit and Withdrawal Methods

You want to get started with online sports betting but you want to learn about the best services available to deposit and withdraw funds to and from your online sportsbook account from India.  I’ve outlined the types of methods below as well as the most accepted  methods within each category for service in India.  You will see that the most popular methods are generally available across each of the betting sites.  You may wonder if PayPal is available due to its popularity.  If you are based solely in India, PayPal will NOT be available for you for use with an online sportsbook.  Some sports betting review resources for India may tell you that you can use PayPal, they are both wrong and dishonest about this - they want to sign up, find out the truth and then find another method to pay in.  If are solely based in India, you cannot use PayPal for sports betting.  If you have access to postal address and base funding method (bank or credit card) in the UK or some European countries, PayPal may be available to you with 888sport and BetVictor.  

Credit Cards like Visa and MasterCard are accepted by essentially every online sportsbook.  Depending on your credit card company, your deposit may be treated with online sportsbooks as a cash advance, not a purchase.  This means that your transaction may be eligible for interest charges from the moment of the transaction.  Check to see if this is in fact the case with your particular card if you wish to avoid these interest charges.  Maestro and Visa Debit are considered “debit” solutions which allow you to debit funds from your associated bank account, which avoids interest charges.  These are both debit and credit cards are great for instant deposits.  They also can work directly in INR with most betting sites that offer rupee betting accounts so you avoid currency exchange.

Entropay is essentially a virtual Visa card which is prepaid - meaning there is no credit check or application required.  It allows you to pay instantly and privately so that you don’t share your financial information with the betting service, and your card statement won’t have a betting-related charge listed, but rather “Entropay”.  You can load your virtual Entropay Visa by using an actual credit card, your debit card or with your bank transfer and funds can easily be paid back onto your Entropay virtual Visa for transfer back to your original funding source.  If your funding source is a credit card, by using Entropay as the intermediary solution, you can avoid potential cash advance interest charges that might be applicable in your jurisdiction as your transaction with them will be treated as a purchase, not a cash advance.  Entropay is available in India but INR balances are NOT available and thus currency exchange fees will likely enter the equation if you use it.

Credit cards, debit cards and prepaid credit card solutions

E-wallet solution providers

Bank debit and transfer solutions

BetVictor Available India Deposit and Withdrawal Methods

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If you want to use funds from your bank account directly, there is one main option for India:

Bank Wire Transfers are available at most sportsbooks and in almost every country of the world for transfer to sportsbooks.  Wire transfers may take a little longer to settle as a transaction but this method generally allows for extremely high limits and is thus very good for high rollers.

Skrill, Neteller and EcoPayz are some of the names you may have heard about for online payments and transfers.  These are often referred to as e-wallets.  With them, you can link a credit card or bank account as a funding source to deposit money into your sportsbook account, or conversely, use them to withdraw winnings. Skrill is likely the best option for most Indian bettors given some of the Indian betting laws.

The benefit of these e-wallet providers is that they allow you to move money electronically for very low fees, in very little time.  Depositing money is nearly instantaneous, and withdrawals are often processed within 48 hours at most sportsbooks, sometimes, within 24 hours.  

An additional benefit of some of these e-wallets is their ability to allow you to access their service from your smartphone or mobile device.  Additionally, most of these e-wallet providers allow for transaction sizes large enough to accommodate the needs of almost every bettor.  All of the above should be available for use in India.

MarathonBet Available India Deposit and Withdrawal Methods

Betway Available India Deposit and Withdrawal Methods

Unibet Available India Deposit and Withdrawal Methods

Spin Palace Available India Deposit and Withdrawal Methods

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bet365 Available India Deposit and Withdrawal Methods

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888sport Available India Deposit and Withdrawal Methods

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bet365 prefers that you visit their website to see the most up-to-date information on their banking methods for deposits and withdrawals.