India has become one of the most sought after markets for online betting and online gambling. Indian people love the idea of placing bets on various sports games and because sports are a big thing in this country, this comes as a no surprise.
The only problem is that online betting is formally considered illegal. But, since this activity falls under the law’s grey area, you can easily find an alternative way of accessing online bookies. The reason as to why online betting is in the grey area is because although the general rule suggests that it’s illegal, there are no specific laws that regulate this type of activity. Online betting has become extremely popular in the last few years and the Indian government hasn’t drawn a specific law which will regulate it.
One of the best ways to access these sites is to use a VPN. This technology allows you to mask your true location and bet on all types of games without any repercussions. Millions of people in India know this fact, which is why they are not shy to place bets. Since online betting is still a bit unfamiliar when it comes to its payment method, we decided to give you a list of the most popular payment methods in India.
Some Betting Sites Accept Paytm
Paytm is India’s most advanced online financial service. It’s available in 11 Indian languages and its services cover pretty much everything – from bill payments to store payments, parking, pharmacies, etc. This online financial service was founded in 2010 and according to the company, over 7 million people use it to accept payments directly into their accounts.
As an online payment method, Paytm is fully optimized for online bookies since its sole purpose is to transfer funds through the Internet. But, one sad fact is that not all bookies accept this payment method. Luckily for you, we found out which betting sites accept Paytm, so feel free to check them out.
Credit and debit cards are the logical picks on this list. After all, they are the most popular when it comes to e-payments. Pretty much all sites (not just online bookies) that deal with online payments accept them. They are also among the most optimized payment methods. If you wish to withdraw a certain amount of money from an online bookie, it will take just a few days before your funds are transferred to your account. Other payment methods take much longer, usually a week or more.
Considering the fact that the football season in India has been cancelled, you will probably want to find other ways to wager your money for fun, and if you are required to visit different sites, there’s no doubt that credit and debit cards will be accepted as payment methods.
Lastly, we have an unexpected appearance on our list. There are several reasons why we decided to put cryptocurrencies on this list as well. The first and the best one is that they are a highly decentralized currency and are not controlled by any bank. This means that by using it, you may escape certain fees that can pile up on your winnings.
Secondly, cryptocurrencies are the most optimized currency for online payments. All transactions are instant with it. In this specific case, all deposits and withdrawals made with cryptocurrencies are instant and you don’t have to wait. Lastly, one of the best overall attributes of cryptocurrencies is that their users are unknown. That means that by trading with them, you can keep your anonymity to a high level.