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PayPal in Indian Casinos
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Indian players are excited to join international online casinos, making sure to use alternative payment methods like PayPal to stay off the radar and enjoy seamless deposits and withdrawals in their local currency. However, PayPal gives them the option to also use cryptocurrencies, which makes it their top choice among a sea of alternative methods. This is a global eWallet with an unrivalled reputation and recognition, giving Indian players more perks than they can count. Therefore, if you are an Indian player in search of the ideal payment method to use for your transactions to and from online casinos, this is the solution to go with. Continue reading to find out all about it. What is PayPal, and why use it across online casinos as an Indian player?
Online Gambling Regulation in India
Even though most of the gambling laws in India apply to operators, there are still some things you should know as an Indian player trying to engage in gambling activities. For one, gambling is illegal on a federal level, banned by the Public Gambling Act of 1867. The country has done nothing to change the federal law, even though it is incredibly outdated. In fact, since this law bans all forms of gambling, by default, online gambling should fall under this categorization, too. However, the law was introduced in times when the internet didn't even exist, nor did online gambling, so some Indian players are leveraging this fact and interpreting it as if it applied only to land-based gambling.
What’s more, each of the 27 Indian states has a say in gambling regulations, on a state level, of course. In the past two decades, as online gambling was picking up and as they saw Indians’ interest in participating in online gambling activities, some states decided to legalize some forms of online gambling. Sikkim did so in 2008, for instance, granting a legitimate license to operate within its territory to popular operators like PlayWin. Others followed suit, but many decided to stick with the federal ban.
Now, in recent news, it looks like India is exploring new laws to regulate online betting, gambling, and gaming. Focused on new regulations, the government is moving towards regulating online gambling, gaming, betting, and lotteries on a federal level. Whether that would eventually happen or not remains to be seen. As for the moment of writing, Indian players looking to enjoy online casino games can do it across international online casinos only.
They still cannot do it effortlessly and hassle-free, though, as the country implements IP blocks on illegally operating gambling sites, and credit card transactions are denied when used for online gambling purposes. However, Indian players have found a way to gamble online; they are using alternative payment methods to go around the ban and blocks. And their top choice is, of course, the global eWallet PayPal. They can still connect their credit cards to it and use the funds they have on their credit cards for online gambling purposes. But the eWallet gives them so many other perks, including the opportunity to use digital currencies, in addition to their local currency, the Indian rupee. And since it is effortless to use, and has started offering services in India a long time ago, it is the ideal option to use yourself, for seamless deposits and withdrawals across premier Indian online casinos. So, why not stick with us to learn more about it?
Using PayPal Across Indian Online Casinos
PayPal has been around for almost three decades, having been launched way back in 1998. A US company has been behind it since day one, always looking to innovate and revolutionize payments and purchases online, in an alternative way. Giving users the chance to still use traditional banking methods to top up their eWallet account, but without ever having to share banking details with merchants, is what attracts users most to this amazing alternative solution. With it, you can use a bank transfer or any credit card to fund your eWallet and use the money for online casino deposits/withdrawals, but transactions you make with the eWallet won’t ever be marked on your bank statement as online gambling transactions. That’s certainly one of the main reasons why PayPal is so popular with Indian online casino players.
The solution has a massive user network, with over 300 million users trusting it and using it on a daily basis for all kinds of online payments and purchases. That’s mostly thanks to the fact that it is available globally, accepted basically in every single country in the world, with some exceptions. Add to that the fact that it allows users to transact in their local currencies, over 100 of them, and open accounts in their native language, and there you have it, another reason why you should give it a try yourself. You can rest assured that you’ll be able to use the Indian rupee for your transaction, but as of 2020, you can also use digital currencies via your eWallet account.
PayPal has been recognized by the industry multiple times, especially for its safety and security measures. Not all transactions with it are heavily encrypted, but the company behind it makes sure to follow and abide by the online gambling regulations in each country it operates in. That's why you should not be surprised to see it exit markets where gambling transactions are blocked, and enter or reenter markets as soon as online gambling gets properly regulated across them.
Now, to get started with it, you’d need to go through the personal account or user setup steps, as offered on its official website for India. Basically, you will need to press the Sign-Up button and have your personal details ready to be filled out in the appointed fields on the registration form. You will certainly need to provide your name, email address, and phone number, and then create a password for your account. With that, your account will be all set up, and next, you’d need to go through the KYC (Know Your Customer) procedure, hence, verify your identity by providing the needed ID documents.
As soon as your account is ready, you can fund it using a bank transfer or simply by using a credit/debit card. Whichever works with you is fine, and let us tell you right away that you don’t need to worry about the transactions on your bank statement, as they won’t ever be marked as gambling transactions but as transactions to/from your PayPal eWallet.
Since you now know all the important info about the solution, you are probably wondering how to start using it across the top Indian online casinos. Well, follow our lead and you’ll find out all the details from the next section.
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Deposits and Withdrawals with PayPal
You will notice that there are hundreds of operators out there, explicitly targeting Indian players and offering them all kinds of bonuses, local payment methods, and localized games to get their attention. That's because Indians' interest in online casino gambling never ceases to increase. And since PayPal is a global eWallet, it is offered across practically all online casinos that cater to Indian players. You will certainly have no issues mapping and exploring so many sites before you decide on the one to join.
The minute you do, however, you will need to register an account with your chosen online casino. Enter the required personal info, and as soon as your registered account is ready, to fund it with PayPal, do the following:
- As you enter your registered account, head over to the Banking/Cashier page.
- Locate the Deposits section next, and find PayPal’s logo on it.
- Press it and in the new window, access your eWallet.
- Set the amount you’d like to fund your online casino account with.
- Confirm and authenticate the transaction, and you will see the funds appearing on your casino balance in real time.
Not only are deposits with PayPal effortless, but so are cashouts. In fact, that’s one of the many reasons why Indian players choose it over any other when it comes to withdrawals.
To start using it for cashouts, you will need to visit the Banking/Cashier page once again. This time, however, you will need to select PayPal from the Withdrawals section. As soon as the new window appears, all you'd have to do is set the amount you'd like to cash out, and the casino will have it sent to your eWallet account minutes after the withdrawal request is approved. From here, you can take the money and transfer it to your bank account or credit/debit card to use it for further online payments and purchases, or cash it out at the nearest ATM.
Conclusion
Plenty are the reasons why PayPal is the number one choice for many players from all across the world, especially Indian players. With it, as an Indian player, you get to have the most discreet online gambling transactions, both deposits and withdrawals, processed in your local currency and digital currencies. The solution is accepted across virtually all Indian-targeting online casinos, so you have no reason to skip using it; in fact, hurry up and give it a try the first chance you get.
FAQs
Is it legal to gamble online in India?
With the current law in place, an outdated law that bans all forms of gambling, no, online gambling is not legal in India on a federal level. Some forms of it have been legalized in some states on a state level, and, at the moment of writing, India has shown interest in regulating online casino gambling and betting, but whether that will happen remains to be seen.
Can Indian players be prosecuted and punished for gambling online?
Actually, after doing thorough research, we can safely say that we couldn’t find any records or evidence of such cases in the past. That being said, it looks like the federal ban applies to operators, not so much to players.
Will I find PayPal across many Indian-catering online casinos?
Yes, actually, you will. You will certainly find hundreds of sites that accept Indian players and offer PayPal for deposits and withdrawals. All you have to do is check them out to decide on the one to eventually join.
Can I explore PayPal’s official website in Hindi?
Unfortunately, no. PayPal’s official website for India is available only in English, but since English is also an official language in the country, you can use it to start exploring all of the products and services the solution offers to Indians.
Which Indian banks accept card transactions done through PayPal?
Axis, ICICI, Kotak, SBI, CITI Bank, and HDFC are the major Indian banks that accept PayPal card transactions. As long as you have a credit/debit card issued by any of them, you can rest assured that you'll be able to use your card through PayPal.
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