One of the biggest challenge faced by sports bettors in India is the fact that depositing to foreign bookies is extremely difficult. Majority of users deposit to online bookies using a credit card or an online bank transfer. However, in India, these transactions are strictly blocked by the reserve Bank of India. Any attempts to deposit using a Visa or Mastercard will ultimately fail. The same is true of online bank transfers. In order to circumvent these blocks, savvy internet users have started to use ewallet services for depositing such as Neteller, Skrill/Moneybookers and Ecocard. These services add a middle layer to disguise the nature of transactions, enabling users to get around the blocks by first depositing to an ewallet and then using that ewallet to fund an online betting account.
For more than a decade, Neteller has been making secure online payments simple. Whether you want to pay online on thousands of sites or are looking for a free prepaid card, NETELLER gives you the freedom to spend your money the way you want, online and off. Make instant and secure online payments in 17 currencies and 180 countries.
Although online gaming has seen an explosion in recent years, there are still various complicated and often frustrating deposit and withdrawal methods featured by online bookmakers.
This is where Moneybookers comes into the picture. Moneybookers provides you with a FREE eWallet, which you can use to upload and withdraw funds to your gaming account instantly. You only have to wait a few seconds for the money to land in your real money account. Withdrawals happen in a similarly smooth and instant manner. So basically you always have direct access to your funds.
EcoCard is an alternative payment solution for making purchases or funding online accounts that was originally founded in 2000. EcoCard processes payments to merchants in real time that is convenient and easy to use. However, US residents are not allowed to use Eco Card for online poker. However, they can use their services for other merchants around the world for instant transactions.
PayPal no more offers Indian bettors to use there services for funding and withdrawing money from an online betting website. Paypal works as per the guidelines given by the Reserve Bank of India. So its better not to use paypal as an option for indian bettors to use it for gambling/ betting purpose.