Choosing a sports betting site isn’t only about the bonuses and odds value. Deposits and withdrawals are also important. With the increase in online betting sites, loads of payment methods have been introduced. A good sports betting site offers multiple banking methods like Credit card, Debit card, UPI, Skrill, and more. UPI payment method has seen an exponential growth in India in the past year. Therefore, you will find UPI betting sites getting more popular among the masses. This is because UPI makes sure you don’t have to wait for a longer period to cash out your money or pay any transaction fees.
When you bet on sports, you need to ensure you are choosing the right payment method. In this guide, you get a lowdown of the most secured payment methods for sports betting apps.
Neteller is one of the most popular payment methods in the betting community. With this, you can make secure online payments. Moreover, your money is deposited into the betting site wallet instantly. It operates in more than 200 countries. What’s great is the payment method is accepted by almost all online merchants. You can use it to make withdrawals, too.
Unified Payment Interface is referred to as UPI. It is a popular payment method in India. The mobile app connects all prime banks in India. By merging different banks under a single application, it offers the features of all banks. UPI payment apps like Google pay, PhonePe, and PayTM allow UPI transactions on the go.
Making payments on UPI betting apps is simple. Even if it is your first time, you will have no trouble understanding how to make the payment. The transactions are processed instantly. Withdrawals are as easy as making deposits. Most of the betting sites don’t charge you any additional fee for making transactions through UPI. However, look for the betting site’s terms and conditions to learn about the specific details.
One of the most popular payment methods across the world, PayPal, is available at many sports betting sites. Most of the gamblers already have a PayPal account. Hence, using it to make deposits and withdrawals is convenient. The process is pretty easy and you just have to insert the email address related to the account to complete your transaction. You can fund your PayPal account in various ways. It gives you the option to transfer money into your PayPal account from the bank account. Thereafter, you can use your PayPal account to transfer money to the betting site.
This is another payment method that is popularly used in sports betting apps and sites. Formerly known as Moneybooker, the platform works almost like PayPal. When you sign up with Skrill, you can add the bank details to your Skrill profile and transfer funds to your Skrill account. Now, from the transfer money from the Skrill account to the betting site or app. It is a secure payment option that doesn’t require you to share your banking details with the site.
This is an online payment method, which works as a prepaid card and also as an e-wallet. Its prepaid card is known as EcoCard. You can register an account for free. The banking method is available on almost all betting sites. It has been around since 2000. This makes players confident enough to use to transfer money to a sportsbook app.
This is a prepaid card that ensures that your transaction at the betting site is safe and secure. You can get them in an outlet that sells these cards and then use its unique code to fund your betting site wallet. So, you don’t have to share your personal or financial details to make a transaction at the app.
7. AstroPay Card
AstroPay Card is a prepaid card that is available to all Indian players to make deposits at a betting site or app. These cards are available online. You can buy them using convenient payment methods like Google Pay or PhonePe. After you are done with the purchase, you can use your AstroCard to fund the site wallet. Using it is not only secure but also quite simple.
Albeit this is new, it is one of the most secure payment methods for a sports betting site or app. With time, more and more casinos are supporting this method. It is an anonymous form of payment and is the best way to protect your identity.
Cryptocurrencies are a decentralized currency that uses advanced blockchain technology to be anonymous, transparent, and immutable. They are almost impossible to hack. It is the most secure form of payment available to gamblers. Apart from anonymous transactions, you also enjoy instant deposits and lower fees.
This is the first Indian-owned and developed e-wallet. Almost all betting sites in India accept this form of payment method. You can use it as a UPI or e-wallet to make payments. The payment method is incredibly fast when it comes to transactions. Moreover, you don’t have to pay any fees for depositing or withdrawing.
It uses 128-bit SSL encryption for all its transactions. PayTM uses a password, too. Hence, your account will be safe if your smartphone is stolen or lost. With just a few steps, you can register into PayTM.
10. Google Pay
Google Pay is a digital payment service that is ideal for making safe and past payments at a sports betting site. Users of Google Pay are going to benefit from instant deposits. By using this, you can also receive cashback. You don’t have to pay any charges or fees to use this payment mode.
With time, the number of sports betting apps and sites using Google Pay is only increasing. Thus, making a transaction through this payment mode becomes much easier. However, currently, it doesn’t support withdrawals from a betting site.
Security is of top priority for Google and you can easily see that.
So, the best payment method is the one that is suitable for you. It depends on your requirement as a gambler. All the methods discussed above are safe for making payments at a sports betting site.