Top Payment Methods for Online Casinos in India

If you’re looking to play online casino games in India, you’re going to need a reliable method of getting money to and from a casino. After all, all of your deposits and withdrawals will need to get to the casino somehow.

Thankfully, there are plenty of options to choose from. Many online banking methods are available in India, which makes sense considering the size and potential value of the Indian market.

On the other hand, finding the best one to suit your needs takes some legwork. No worries, though – we’ve got you covered. Here on CasinoPaymentOptions, we’re all about helping casino fans find the best payment options and solutions out there.

Here’s a list of the five best payment options for deposits in Indian casinos.

Top 5 Casino Payment Options in India

1. PayPal
2. AstroPay
3. PhoneRe
4. PayZ
5. LuxonPay

1. PayPal

• Established: 1999
• Owner: PayPal Holdings, Inc.
• Type: E-wallet
• Fees: 0.5-3% on withdrawals to cards/banks

We’ll start this list off with an obvious choice. A big, acclaimed brand that is the go-to payment option for thousands of gamers worldwide. That’s right – it’s PayPal.

PayPal, arguably the largest e-wallet globally, stands out as a top choice for both depositing and withdrawing funds in online casinos. Its widespread presence across various casino sites, as well as other online retailers, makes it a preferred option for numerous players due to its speed, convenience, and global accessibility.

When depositing funds into a casino using PayPal, users can rest assured that there are no hidden fees or charges, regardless of their location. Additionally, withdrawing winnings from a casino to a PayPal account is a seamless process that does not incur any fees. With nearly 200 million active account holders and availability in over 200 markets worldwide, PayPal remains a popular choice for receiving funds in more than 100 currencies.

2. AstroPay

• Established: 2009
• Owner: AP Global Corporation LLP
• Type: E-wallet/Online Banking
• Fees: 0.5% on withdrawals

Established in 2009, AstroPay has risen to prominence as a premier payment choice for casino enthusiasts due to its extensive global coverage and versatile range of services. While we initially classified AstroPay as an e-wallet, it is important to note that it is more accurately an online banking service with a broader scope than just currency storage and transfers. Nevertheless, the majority of casino patrons tend to utilize it in a similar manner to PayPal, excelling particularly in international money transfers with minimal fees and wait times.

AstroPay initially gained recognition for its capacity and willingness to offer efficient payment solutions in markets where its competitors were either unavailable or limited. This led to its rapid ascension as a leading payment solution in Latin America within a few years, and its continued popularity on a global scale. Despite this, the company is currently headquartered in the UK and regulated by the FCA.

While there is no direct association between AstroPay and online casinos, players quickly recognized its suitability for casino deposits due to its speed, reliability, and minimal fees. Today, AstroPay stands as a viable alternative to larger operations like PayPal, owing to its commitment to maintaining streamlined, secure, and consistent services.

3. PhoneRe

• Established: 2015
• Owner: Flipkart
• Type: E-wallet/Bank Tranksfer
• Fees: None

PhoneRe is a domestic payment solution that offers a range of services in India using the local currency. Established in 2015, PhonePe has expanded its offerings to include services such as bank transfers and an eWallet. The service makes use of the UPI platform for transactions, or the Unified Payment Interface. Since the introduction of the app and dedicated ATMs, the popularity of the service has grown significantly. To date, over 1.18 billion transactions have been processed using this method, positioning PhonePe as the leading third-party UPI service, surpassing even Google Pay and PayTM.

Although PhonePe casino deposits are not available outside of India, they provide a convenient payment method for the region. Users do not have to worry about fees, and transactions are secured through encryption and two-factor authentication for safe payments. The dedicated mobile app is valuable for confirming transactions and managing eWallet funds, credit, and debit cards. Additionally, the PhonePe platform is licensed by India’s central bank (RBI) and is PCI DSS certified (PCI DSS v3.2.1) by SISA, an international payment security specialist.

4. PayZ

• Established: 2000
• Owner: PSI-Pay Ltd.
• Type: E-wallet
• Fees: 1.69-6.00% + $0.25 per transfer

PayZ, a global online payment solution established in 2000, seamlessly integrates the functionalities of e-wallets and physical cards into a user-friendly platform. With its widespread availability and quick processing times, PayZ stands out among its competitors due to its accessibility from any location.

Recently re-branded from ecoPayz, PayZ underwent significant changes in 2023, including a visual overhaul, backend enhancements, and a new name. As a highly-rated online payment system, PayZ offers a range of services beyond e-wallet functions, such as issuing bank cards and facilitating casino deposits with various currency options. Its mobile app ensures convenient usage on the go, while robust security measures guarantee a safe and hassle-free online payment experience.

The fees are much the same as they were with EcoPayz, which means they’re slightly on the higher end compared to some competitors. However, transfers are instant, and loyal customers can take advantage of various perks that come with higher account levels.

5. LuxonPay

• Established: 2018
• Owner: Luxon Pay Ltd
• Type: E-wallet
• Fees: 0-10 fixed fee on bank withdrawals, 0-2% for card payments

Luxon Pay, established in 2018, stands out as a relatively new player in the e-wallet market. Despite its youth, the company has displayed remarkable stability and rapid expansion. Within a short span of time, Luxon Pay has gained significant traction, extending its services to various vendors worldwide.

While Luxon Pay may not be as large as industry giants like PayPal or Skrill, it offers distinct advantages that set it apart. With its presence in over 120 countries, Luxon Pay serves as a viable alternative to well-known e-wallet brands. Notably, the platform’s loyalty program rewards users with fee exemptions and reduced currency exchange rates based on transaction volumes, making it an appealing choice for those seeking cost-effective financial solutions.