Online betting in India is trending strongly. Lately, it has drawn the attention of many and Indian gamblers are increasingly moving towards it to try their luck. They have a broad range of options for online games today to place their bets. These options include the casino, poker, cricket etc.
One of the most common gambling questions popping up in the minds of an Indian first-timer is whether he/she can bet in Indian rupees. The good news is there are a few gambling websites that accept Indian rupees and have a fair understanding of the betting preference of Indian players.
The foremost consideration you should have is to ensure that the website you’re going to gamble on is trustworthy and secure. Do research and refer to available trusted sources of information. Find out a few right options for websites that have the required accreditation regarding encryption, firewall protection and account verification.
What are the benefits of using Indian rupee for betting?
Other than your preference to use your native currency, there are couple more major advantages rupee betting. The first one is that you don’t have to pay for currency conversion. In the case of other currencies, your bank, e-wallet or card issuing institution will charge a fee for converting the currency into money. So yes, you save a lot.
Another benefit with dealing in rupee is that you don’t have to tackle conversion calculations to reach the value in the rupee.
What are the modes of rupee transactions?
There are three recommended mediums you can use to deposit and withdraw money when you’re betting.
e-wallet: it’s probably the most trusted way of performing your betting transactions. Although e-wallet charges a small transaction fee, it’s well worth for the high level of protection it offers to your payments. E-wallets are similar to an online financial transaction platform where you can deposit a sum of money from your bank account and make and receive betting payments. Interestingly, its transaction details only reflect the payments made through e-wallet and do not include the mention of the betting site. Neteller, Skrill, and Entropay are some of the most used e-wallets in India.
Credit/debit cards: Credit or debits cards are the most natural methods of payments. The rage of online shopping confirms it. Many betting websites accept card payments. However, there are certain restrictions involved. The first is the card issuing institutions restrict the cardholder from using their cards on betting sites. Besides, due to some element of suspicion and doubts involved in betting, such as card fraud, many Indian users have their reservations against it.
Bank wire: Bank wire transactions share a fair amount of similarities with those of credit/debit cards. This includes allowing the payers to make large value payments. However, a high fixed fee charged by the bank on bank wire transactions generally puts the players off.
If possible, reach out to the website’s gambling guide to get clarifications on your questions regarding rupee deposit, transaction and withdrawal. Get all the assurance you need and go ahead with betting in your currency.