Online Betting with Indian Rupees
Whenever there is a conversation on online betting in the Indian context, the use of Indian currency is always discussed because of the convenience it brings to the Indian bettors. Indian online players always prefer making deposits and withdrawals in INR (Indian Rupees). This is not only easier for the players but also eliminates the need to pay the exchange fees. Moreover, bookmaker sites that accept Indian Rupees have a great understanding of the betting needs of Indian players. From the kind of betting markets they live to the payment methods, everything is well taken into account to deliver the best services. The list of online betting sites accepting Indian currency is constantly increasing which is one of the reasons that more and more gaming and betting enthusiasts are joining online platforms to wager their money.
The list of online betting sites accepting Indian currency is constantly increasing
Players have the option to wager on various sporting events in different sports categories including cricket, football, basketball, baseball, horseracing, and many other sports. In this article, we will discuss how Indian Rupees can be used to bet on an online betting site and mention some of the popular and trusted betting sites you can check out to place your bets.
FAQ
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How is It Beneficial?
Indian players not only save money but are also able to bring down the deposit and withdrawal time which is crucial in various scenarios while betting. Here are a few benefits of betting with Indian Rupees:
- Simple and easy to use on platforms that are accepting it
- Zero conversion charges need to be paid
- The money saved from the conversion fees can be used for wagering
In most of the cases, a conversion fee needs to be paid whenever a player wants to convert INR into other popularly accepted currencies such as US Dollars, Pounds, Euros, etc. This can be done using multiple sources like a credit card company, e-wallets like Neteller and Skrill, and through the bank. Players don’t have to go through such a lengthy process if they are performing a transaction on an online bookmaker that accepts funds in INR.
Making Deposits at Indian Betting Sites
Credit cards are the most popular deposit method available to Indian players for making deposits on Indian betting sites that accept INR. However, credit cards typically offer a low success rate of the transaction. This is mostly because of the many restrictions that the banks have for payments. These restrictions are much more stringent when it comes to online betting or betting in general. However, there is an almost foolproof strategy that will help you use your credit card without major banking restrictions. All you need to do is sign up with an e-wallet, deposit the money in the e-wallet through a credit card and fund your betting account via the e-wallet. The process is simple, quick, reliable, and way safer than other online payment methods. Below we will take a look at the primary online payment methods that Indian players can use to make a deposit in their online betting account using Indian Rupees:
Bank Wire
This is the most convenient method of deposit for players who want to wager larger amounts on various events and markets. There is a higher fixed fee for players who deposit larger amounts. However, it can be difficult to use Indian bank wires because of the difficulties in using debit and credit cards. Also, most e-wallets provide the ability to make equally large transactions thereby leaving no clear advantage for using Bank Wires. Besides Bank Wire, there are multiple other methods for depositing in rupees.
Read More About Bank WireCredit/Debit Card
Most of the online bookmakers accept credit and debit cards as a payment method which is probably the easiest way of depositing money without following any elaborate process. However, it is not very reliable for Indian players. This mainly has to do with the card issuer and limitations they impose for transactions with betting sites. The only way to know if it works is to try to make a deposit. Although, even if it goes through one time does not mean it will go through the next. However, if using credit card is a must, give a fair warning that it can be very difficult to use.
Read More About Credit CardsE-Wallets
For Indian players, there is nothing more convenient and safer than e-wallets to carry out transactions to and from their betting account. E-Wallets work almost like a bank account but are designed on the line of payment gateways like PayPal. Players can deposit money via their home bank in their e-wallet and perform transactions to and from online betting sites licensed in almost every country around the world.
there is nothing more convenient and safer than e-wallets to carry out transactions
The most convenient thing about this payment method is that all the home bank records of a player will only be displayed as a transaction with the e-wallet and not the bookmaker.
This allows total privacy of user data which is lacking in a lot of other payment methods. Almost every e-wallet levies some type of fees, which is basically for the convenience of the users. Talking about the drawbacks, setting up an account on an e-wallet sometime takes more than a few days. This is mostly because the account is going through a verification process. Two of the most popular e-wallets including Neteller and Skrill are being used extensively on various international and Indian betting sites. Entropay is another one of the payment options that is being used extensively. Note: Whenever you are using an e-wallet to make payments on a betting site, the currency of preference would be asked from you. Make sure that you select Indian Rupees if you are planning to use the bookmaker that accepts payments in INR. This selection can not be undone after you have created the account.
Read More About E-WalletsHow to Withdraw Indian Rupee (INR) From Betting Sites?
E-WALLET
Withdrawing in India is best when using an e-wallet. Because of this, it is typically best to use an e-wallet for both transactions (deposit and withdraw). See our section above on e-wallets to learn more about why we recommend it. Neteller is available for withdrawal at all trusted Indian betting sites.
Credit/Debit Card
If you made a deposit to the site using a debit/credit card, some sites allow you to withdraw with this method, but it can be even more difficult than depositing. In most cases for Indians, your issuer will reject the transaction.
Bank Wire
This is similar to credit cards in that, while it is technically available to Indians, its success rate varies. Also, you tend to encounter high fees from banks for using it. Just like any other betting and online gambling domain, 4raBet was conceived to provide betting enthusiasts all over India with an easy-to-navigate platform that has plenty of bonuses and gaming selections. Not too old in the online gaming, gambling, and betting industry, 4raBet doesn’t seem wet behind the ears when it comes to offering convenient withdrawal and depositing options and other advanced features. We will be reviewing every section of the website to give you a clear picture of the pros and cons and a final verdict on how 4raBet fairs in the Indian online betting scenario. Completely dedicated to Indian players, 4raBet is a newly created sportsbook and online casino that has a wide range of games and sports designed keeping the Indian customers in mind. They have a team of professional analysts that includes ex-sportspersons and ex-coaches who help provide the most accurate forecasts, odds, and other relevant updates. While other international betting platforms manage to optimize their platform following the requirement of the Indian players, the attempt doesn’t always is in line with what the players want or is shabbily done. Here at 4raBet, things are a bit different. The entire interface and the selection of casino games and the sportsbook have been completely designed by Indian developers to deliver a much more familiar betting platform where players don’t feel alienated.
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