Online gambling has increased during the global pandemic as more people are working from home. Furthermore, people are looking for online casino games to have fun playing while staying at home. Increasing popularity of online gambling has led to a rise in new trends in online casino banking. Here are some of the latest trends in online casino banking.
Many financial service providers collaborate with online casinos to provide customers with different payment methods. Some online casino banking options offer extensive benefits to players and eliminate the weaknesses present in past payment options. Moreover, some rupee casinos even offer special bonuses for use of certain payment methods. Today there are many banking options available from credit cards to e-wallets.
Credit Cards
When online casinos started popping up, gambling websites would require players to make payments through their credit cards. This resulted in financial discrepancies and a rise in credit card theft. Furthermore, additional problems arose for players. Their credit cards would sometimes be declined due to technical issues, such as banks needing to approve certain online transactions. Moreover, many players were uncomfortable providing their credit card details to be stored permanently on the online casino’s database. So, there was a need for alternative less sensitive online casino banking options.
However, credit cards and debit cards are still the most popular methods at online gambling and betting sites. Today, if you find a casino that accepts RuPay cards, then you know that they are trust-worthy. Payment processors will not allow new merchants to accept RuPay transactions, unless they have a proven track record. Here you can find our list of recommended RuPay Casinos.
Online Casino Banking E-Wallets
To minimize the use of credit cards, electronic wallets started popping up. Customers only have to use their credit cards once for depositing a specific amount in their electronic wallets. After that they can use the funds in their wallets to purchase goods and gamble online. Many players were very happy with e-wallets. It meant that their credit card details would only be stored on one server and not remain in the database of gambling websites on the Internet.
A lot of gambling sites support Netbanking and UPI platforms. Therefore, you can deposit via mobile wallet apps such as: PayTM, PhonePe and Google Pay.
The most popular used e-wallets in India for online casino banking are:
- PayTM
- UPI
- Mobikwik
- PhonePe
- Google Pay
- JioMoney
- Neteller
- Skrill
- MuchBetter
- Airtel Money
- EcoPayz
- EcoBanq
- Freecharge
Prepaid Credit Cards
The latest trend in online casino banking is the use of prepaid vouchers or credit cards. Having prepaid cards allows you to deposit “anonymously”. This means that you don’t have to disclose any of your personal banking information. In India, Neteller is very popular; it has eliminated the use of credit cards. But, it doesn’t support many local payment apps. Therefore, funding your Neteller account has to be done via limited options.
AstroPay on the other hand allows Indian customers to use a wealth of different banking options. Today, you can purchase a prepaid AstroPay Card with Netbanking, local Indian payment apps and with credit and debit cards. Your prepaid card looks exactly like a credit card. It features a 16 digit number, an expiration date and CVC code too. In this other online casino banking article, we highlight the 5 reasons to deposit with AstroPay Card.
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