The last thing an Indian casino player wants to worry about is not being able to claim their winnings. After all, nothing hurts more than winning big and then having to sit and wait for the money to show up in your account.
Generally, it’s not really up to the casino whether payments are fast or not. Much of it really boils down to which method you choose to pay. Here are some of the most popular ones available in India with their pros and cons.
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UPI and Bank Transfers
The ubiquity and speed of Unified Payments Interface (UPI) has made this the payment method of choice in India. Many online casinos with Indian players now have a UPI withdrawal option. But here’s the catch, UPI payments tend to be instant for everyday cash. Casino withdrawals take longer because they are subject to further checks on the casino’s end.
UPI withdrawals from most casinos will be made within 24 – 48 hours and sometimes up to three business days. You have to allow for the internal processing of the casino before the money shows up in your bank account. This could be longer for those players who would prefer to get paid via bank transfer, which takes between 3–5 business days, depending on the bank.
The upside? UPI is common and safe, and there aren’t any prohibitive fees. It’s a great way to safeguard your digital assets if you’re after convenience and reliability, even if it isn’t the fastest.
E-Wallets: Fast and Popular
When it comes to instant payouts, nothing comes close to e-wallets. Payment methods such as Paytm, Neteller, and Skrill are very popular among Indian casino users as they’re quick and easy to use. Unlike bank deposits or UPI, withdrawing from an e-wallet happens in a matter of hours.
E-wallets are so quick because there aren’t as many intermediaries as the banking process. Once the casino accepts your withdrawal request, the money goes right to your e-wallet almost immediately. You can then either keep the money in your wallet, and use it later, or transfer it to your bank account (it could take another 24 hours).
However, there’s a catch. There can be transaction fees or currency conversion charges if you are dealing with overseas casinos. Make sure to review the fees prior to picking an e-wallet to withdraw to.
Another benefit is that they are usable at almost every online casino. You can go through AskGamblers India – an iGaming review platform. There, they deep dive into game selection, customer support, bonuses, and more for almost every online casino in India. You will find that most establishments offer e-wallets as an option.
Cryptocurrency: The New Contender
For the tech-savvy person in need of immediate payments, cryptocurrency is on the rise. Some online casinos accept Bitcoin, Ethereum, and other cryptocurrencies. The appeal? Instant transactions with minimal fees.
As crypto transfers are not backed by banks or 3rd party processors, they happen fast – usually within minutes. Crypto payouts from casinos generally take less time, which is nice for players.
But there’s a flip side. Many Indian players are not savvy with cryptocurrency and crypto can be volatile. If you’re new to cryptocurrencies, you should read up on it before you dive in. You also need a crypto wallet to hold your funds, and an exchange site to exchange it for INR if you want to withdraw.
Debit and Credit Cards
There are still plenty of ways to withdraw casino winnings using debit or credit cards in India, but that’s not necessarily the quickest way. Card payments take a little longer because there is more security on board, it may take three to five business days to get your money.
Card withdrawals are best because they are familiar. All you need is a debit/credit card and no new accounts. The cost is that it takes time, and can sometimes also cost you money.
Choosing the Right Option
Your online casino withdrawal speed will also be dependent on how you withdraw the money and what the casino is prepared to allow. Although the fastest are e-wallets and crypto, there are also bank transfers and card payments, which, for some players, is more familiar and trustworthy.
You should note that payout times are also affected by the internal mechanisms of the casino. Checks for verification, withdrawal restrictions, holidays, etc, will delay the transaction. You don’t want to wait for an indefinite amount of time when you withdraw from your casino account. You can save a lot of time by doing this alone.
Conclusion
If you’re into speed, e-wallets and cryptocurrency are your friends. But if you prefer traditional banking, UPI and bank transfers are good alternatives (while sacrificing a bit of speed). The takeaway here is always to play on the payment method that works for you and read up on the casino’s withdrawal terms before you deposit. No one method fits all, but you can make a good decision knowing how different payment options are out there.
