Indian players now have more choices in deposit methods for online betting5 min read . Updated: 30 Dec 2020, 02:54 PM IST
With the world going through a complete digital transformation, it is no surprise that the betting industry has moved online. New-age startups have made betting more accessible to the masses.
2020 saw Indians getting used to doing more activities from home due to the restrictions surrounding the coronavirus pandemic. This new normal has empowered people with the flexibility to not just work from home, but also participate in various recreational activities and hobbies from home.
With the world going through a complete digital transformation, it is no surprise that the betting industry has moved online. New-age startups have made betting more accessible to the masses. Individuals can engage in betting from the comfort of their couch using nothing but a smartphone.
Indians find online betting engaging as well as entertaining. Not only do such games allow players to put their strategic and analytical senses to good use, but they also give players a chance to occasionally win money. As a result, more and more Indians are spending their time betting on sports and other activities online.
Indians and online betting: a relationship with trust issues
The unregulated nature of the online betting industry in India, including scams and lack of clarity around the legal situation has discouraged potential bettors in the past. There hasn’t been a single point of reference that clears the ambiguity around online betting in India.
Furthermore, using a betting site involves making financial transactions in order to deposit money on the betting site in question. Traditionally, Indians have been very cautious when handling money online. So betting sites have worked hard to convince Indians that they are both trustworthy, legal and secure to use.
Also, in the past banks have denied transactions to betting sites via MasterCard or VISA and this hassle exists even today. Increasingly, betting sites are overcoming this hurdle and making online betting more accessible to Indian players by enabling new deposit methods like UPI.
Despite all this, it can be really difficult for a newbie to start betting online. The need of the hour is a solid resource that provides players with all the information they need to make informed decisions regarding the legality and safety of online betting in India.
The new and increasingly popular platform known as MyBetting has decided to fill this void by offering Indian betting enthusiasts a home on the internet. This website gives online betting an aura of credibility and makes it seem accessible and even simple for Indian players to get started betting online.
The site is a complete knowledge base of step by step guides and betting site listings that can get you started with online betting real quick in a safe and legal way. It details the deposit methods offered by various Indian betting sites, so you can choose the betting site that offers your preferred mode of depositing money.
Simplified payment methods makes online betting more accessible
In the past, making financial transactions online was difficult, if not outright impossible for Indians due to various restrictions and hurdles imposed by the government of India as well as the lack of more decentralised payment options.
However, with the development and increasing popularity of several e-wallets and mobile payment options such as UPI, PhonePe, Google Pay and Paytm, making financial transactions online has become vastly more simple in the past year or two.
Even depositing and withdrawing money from online betting sites, which used to be reserved for online those who could use international e-wallets like Skrill or Neteller, is now possible for anyone with a simple mobile wallet.
Players wishing to learn more about how to deposit on betting sites may use sites like MyBetting which answers these questions and guides bettors on precisely these aspects.
The various betting sites listed on the MyBetting platform support a wide variety of deposit methods. Traditional deposit methods like simple online bank transfer or NetBanking, but also the more recent and local digital wallets.
Digital wallets have become the rage in recent years. e-Wallets like Paytm and Google Pay allows you to deposit money into your wallet and deposit the same securely on online betting sites.
On MyBetting.in, you can access guides that show you how to deposit with the most common betting payment methods.
Indeed, MyBetting offers information you can trust when betting online. The team of experts have done a great job collating all the deposit methods and listing the betting sites and details around the accepted deposit methods.
To learn more about the project and their prospects for the future, we decided to contact their editorial team which led to this interview.
Interview with MyBetting
Question: How is MyBetting making it easier for Indians to bet online?
Answer: “We started MyBetting because we discovered that the internet was overflowing with questions from prospective punters in India about how to get started with online betting. MyBetting is a single pane of glass for anything on online betting. So any Indian player can just head to MyBetting and learn about safe online betting with complete transparency and details."
Question: What does MyBetting aim to solve by reviewing and listing so many different betting sites?
Answer: “Our vision is to really make online betting accessible to everyone in India irrespective of their financial situation and access to banking facilities. The reason as to why we list so many betting sites is to provide players with options, so they may choose what betting site works best for them."
Question: Which deposit method do you recommend Indian players use when transferring money to a betting site?
Answer: “Of course, every method has its pros and cons. However, we believe UPI is the easiest, cheapest and most accessible to Indian players. We think that UPI has been, and will continue to be, a real game changer in this market. UPI is seeing great adoption among the Indian audience and the trend is similar among the most popular betting sites in India."
Question: What is your take on using cryptocurrency to deposit money on betting sites?
Answer: “MyBetting is certainly committed to innovating at the speed of the industry or even faster. We believe that cryptocurrency is here to stay. Although cryptocurrency is still a fairly new invention, many betting sites are already accepting this form of payment. So players looking for increased security and anonymity should definitely opt for this deposit method."
Indian players have more choice than ever when it comes to deposit methods. Payment methods like UPI and digital wallets like Paytm have made depositing money seamless and fast. These payment options just need you to fire up an app and key in a few details.
With a clear vision and an extremely focused business need in mind, MyBetting is simplifying online betting in India. The platform is empowering both beginners and experienced bettors to bet legally on trustworthy sites. The foundations of MyBetting are laid on trust and flexibility, which makes MyBetting the go-to site for online bettors.