Let’s go over the available online payment methods and figure out what’s their role for the fast withdrawal betting app in India.
Paytm
It comes to mobile payment methods in India, the first name that pops into mind is Paytm.
Almost all online betting apps and sites that accept players from India are bound to accept Paytm for deposits and withdrawals. The average payment processing time for this method is 15 minutes. Based on the network load, it can take up to a few hours. It’s important to understand that when we say “instant” withdrawals in the iGaming industry, it usually refers to same-day withdrawals. So, a little delay is manageable. Paytm also integrates with UPI and doesn’t impose any fees on your withdrawals.
Skrill
You can consider Skrill and Neteller as siblings in the sense that they’re both owned by the Paysafe Group. Skrill started its life cycle as Moneybookers. It’s known by this name across many European countries.
As Neteller and Skrill, both have the same parent company, the features overall to a certain extent. For starters, both wallets offer instant withdrawals to bank accounts. And both impose fees. In our experience, the fees for Skrill are a little higher when compared to Neteller.
So, if fees are something you’re worried about for the instant withdrawal betting apps India, you should choose Neteller over Skrill.
PayPal
In the world of online payments, PayPal needs no introduction. It’s perhaps the first of its kind that showed the world how seamless cross-border payments can be. It’s been around for over 20 years and millions of people from across the world put their trust in PayPal.
Among hundreds of services countries, India is one for PayPal. It also happens to be one of gambling operators’ preferred methods thanks to its strong security features. As a result, almost all instant withdrawal betting apps India has accept PayPal.
PayPal also comes with the unique benefit of anonymous transactions. You’re only exposing your details to PayPal and they’re secured by the strongest of encryption. As for the betting apps, they can only access your email address.
Cryptocurrencies
If you want true “instant” withdrawals, there are no alternatives to cryptocurrencies.
The reason it’s possible is that the crypto wallets are pre-approved by the betting operators. It means there is no manual verification or processing of the payments necessary. As soon as you request a withdrawal, it’ll be executed. It takes only a few minutes for the transaction to be recorded on the blockchain.
As for the processing fee, you need to pay a small amount in crypto tokens in exchange for the execution of the withdrawals. As there are no central authorities like a bank involved, the payment goes into the operating costs of the blockchain.
Visa/Mastercard
If you have a bank account in India, chances are you have a credit card or a debit card in your name. You can not only use them for deposits but also for withdrawals. When compared to the other available methods on this page, you won’t find Visa or Mastercard listed in as many betting apps.
Another drawback of using these methods is the slow processing. So, technically, these are not “instant” withdrawal methods. But we’re listing them anyway as a valid form of online withdrawal.
