How to Make a Deposit and Withdraw Funds from Online Casinos?

The online casino and sports betting industry has been growing rapidly over the past few years. The estimated revenue of this industry in 2023 is estimated to be around ₹200 billion. Thus, it can be said that online casinos and betting sites are growing popular among Indians. Everyone wants to win a fortune, thus online casino deposit and withdrawal play a vital role. You cannot play online casino games without depositing money in your account and without playing you cannot win a fortune and withdraw. 

How to Withdraw and Deposit Funds in an Online Casino? 

Easy deposits and withdrawals of money play a vital role in online casinos building a good user-friendly environment. Every player in an online betting site plays for two reasons, the first and the most important reason is to win a fortune, and secondly, for entertainment purposes. Below you will find steps to deposit and withdraw funds from your online casino account, respectively.

How to Deposit Money in Online Casinos?

Depositing money in your online casino account doesn’t take much time. Almost in every online casino platform, your money will be deposited instantly. Follow the below steps to deposit money instantly.

Step1: Open your preferred betting site and sign up, if you are not already registered.

Step2: Go to the home page and click on the option ‘Deposit’ or ‘Add Funds’. 

Step3: Choose your preferred mode of payment for depositing funds.

Step4: Enter the amount and click on proceed.

Step5: Enter your details and your transaction will be done.

How to Withdraw Money from Online Casinos?

Everyone plays online casino games to win money, thus, withdrawing money from their online casino account becomes vital. However, online casinos follow strict rules to protect their users from losing money. In most casinos, completing KYC verification is mandatory for withdrawing money. 

Withdrawals are not always settled as quickly as deposits because online casinos check your account's authenticity before settling up. Let's learn the basic steps to withdraw funds from an online casino account:

Step 1: Open the betting site and log in with your credentials.

Step 2: Navigate to ‘Withdraw Funds’ and click on it.

Step 3: Complete your KYC, if not done already.

Step 4: Check the withdrawal settlement time and choose your preferred mode of payment.

Step 5: Enter the amount you want to withdraw. 

Step 6: Submit your details for the completion of the withdrawal process.

Step 7: You will be asked for your account password, enter it. This is done to protect your money.

Step 8: Your withdrawal process will be initiated and settled within the mentioned time frame.

What Modes of Payment for Online Casino Deposit and Withdrawal are Available?

You will find that various online casinos have different modes of payment for their users. Some online casinos have fewer options but some offer more. You need to check the settlement time of your preferred mode of payment because it may vary from other modes. You can expect the following payment modes to be available on an online casino site:

Net Banking

You will find this mode of payment available in almost every online casino. Net Banking is the most popular and secure method to make deposits and withdrawals. You can transfer funds via IMPS, RTGS, and NEFT, these are the best casino banking options to make deposits or withdrawals.

UPI

Since the introduction of the Unified Payment Interface (UPI) in 2016, its user base has been growing rapidly in India. You just need to enter your UPI ID while making deposits or withdrawals and make payments through UPI apps like Google Pay or PhonePe.

E-Wallets

This is the fastest and most preferred mode to withdraw funds from online casino accounts. Most e-wallet platforms have suitable policies for online gambling. However, avoid using PayPal, which is the most well-known e-wallet platform but follows strict policies against online gambling. You can use Paytm, Mobikwik, and PhonePe wallet.

Credit Cards and Debit Cards

Credit and Debit cards are termed ‘Plastic Money’. In today’s world, making secure online payments to online casinos through debit or credit card is the most preferred option. This is because RuPay, Visa, and MasterCard are the pioneers in India for online casinos.

What Factors To Consider Before Making Online Casino Deposit and Withdrawal?

Every online casino has its policy, thus you need to know them before you start playing. The below points will help you recognise the key factors before making a deposit and withdrawal in online casinos:

Settlement Time

Different online casinos follow different policies for deposits and withdrawals. The settlement time varies depending on your mode of payment. Almost every payment mode will help you in making instant deposits. However, this scenario changes while making withdrawals. E-wallets usually are the only option for instant withdrawals because almost every other mode of payment requires up to 48 hours.

Minimum and Maximum Limit

You will notice that in online casinos, deposit and withdrawal limits are different. Every mode of payment has its own maximum and minimum limit. Typically, the minimum withdrawal in online casinos is double the amount of the minimum deposit. 

Welcome Bonus

Not every payment mode availed for users is eligible for welcome bonuses. Thus, you should always read the policies before depositing funds into your account. Reading these policies will help you to not miss out on the welcome bonuses like free bonus cash and free spins. For example, deposits from Skrill are not eligible for welcome bonuses.

How to Create an Online Casino Account? 

You must have an online casino account to play the games. The below steps will help you in creating your account:

Step 1: Open your preferred betting site and click on ‘Register’.

Step 2: Enter your name, date of birth, number, and mail ID for creating your online casino account.

Step 3: Request OTP on your phone and enter it to verify the number. 

Step 4: Request for mail ID verification. You will receive a verification link on your mail, click on it and your mail ID will get verified. 

Step 5: Create a strong password. 

Step 6: Your account will be ready and successfully created for playing online casino games.

In conclusion, it can be said that proper research and analysis would help you choose the right platform and payment mode. Choosing the right platform is crucial because numerous fake online casino websites are present on the web. After finding a legit platform, you should choose an appropriate payment mode because it impacts your online casino deposit and withdrawal massively.