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Credit and Debit Card Transactions to Your Favorite Cricket Betting Site

Credit and debit card

Credit and debit cards are widely used by punters as a primary funding method for online cricket bookmakers and sports betting sites, as it provides the convenience of secure and instant transactions for all types of online payments. Over the years, there have been several regulatory policies and usage guidelines implemented by various governments, which have forced bookmakers to seek alternate payment options for their clients.

While punters in Europe and most parts of Asia and the Americas are free to use a debit or a credit card for their betting needs, punters in India may face some restrictions while indulging in cricket betting. Depositing with credit/debit card in Indian betting sites is not as simple as one would expect, but it is not impossible. There are also some other options in the market that allow bettors to bypass security measures and make a payment to their favorite cricket sportsbook by using this payment method. We will take a closer look at the various card funding options and how to choose the most regulated and secure cricket betting site in the market.

Online Cricket Bookmakers Using Credit and Debit Card

Bookmaker Bonus Rating Accessible Play
bodog
600% up to ₹6000
  • 4.9
  • out of 5
  • Markets: 4.9
  • In-play: 4.9
PC, Tablet, Phone Read Review
22bet
100% up to ₹10,000
  • 4.9
  • out of 5
  • Markets: 4.9
  • In-play: 4.8
PC, Tablet, Phone Read Review
Betway
₹2500
  • 4.9
  • out of 5
  • Markets: 4.9
  • In-play: 4.9
PC, Tablet, Phone Read Review
Bet365
Up to ₹4300
in bet credits
  • 4.8
  • out of 5
  • Markets: 4.8
  • In-play: 4.8
PC, Tablet, Phone Read Review
*Available to new customers only. Make a qualifying deposit of 717 INR ($10) or more and claim the offer within 30 days of registering your account to qualify for 15% of that amount in Bet Credits, up to a maximum of 4300 INR ($60). Once claimed, your Bet Credits will be held in your account balance and are non-withdrawable.
Royal Panda
₹2000
  • 4.8
  • out of 5
  • Markets: 4.8
  • In-play: 4.8
PC, Tablet, Phone Read Review
1xBet
100% up to ₹8000
  • 4.8
  • out of 5
  • Markets: 4.8
  • In-play: 4.8
PC, Tablet, Phone Read Review
CampoBet
100% up to ₹8000
  • 4.9
  • out of 5
  • Markets: 4.9
  • In-play: 4.9
PC, Tablet, Phone Read Review
Rabona
100% up to ₹8000
  • 4.9
  • out of 5
  • Markets: 4.9
  • In-play: 4.9
PC, Tablet, Phone Read Review
Leo Vegas
100% up to ₹10000
  • 4.8
  • out of 5
  • Markets: 4.8
  • In-play: 4.8
PC, Tablet, Phone Read Review
Unibet
Free bet up to 25 EUR
  • 4.8
  • out of 5
  • Markets: 4.8
  • In-play: 4.8
PC, Tablet, Phone Read Review
Melbet
₹7700
  • 4.8
  • out of 5
  • Markets: 4.8
  • In-play: 4.8
PC, Tablet, Phone Read Review

*T&C’s apply to all of the offers!

The Different Types of Cards Available in the Market

Types of credit and debit cardsMastercard and Visa are two of the most popular companies available in the market, but companies such as American Express and Discover are also favorite among card users. In terms of outright market share, Mastercard and Visa have the most substantial number of users, with Visa being the more popular with around 350 million cardholders.

Credit cards are mostly credit-based in its usage, which may incur interest and other additional charges on the transaction amount. Debit cards, on the other hand, allow users to pay directly from their bank account or use a prepaid/pre-loaded card at a reduced cost. Debit cards are usually linked to a bank account or an e-wallet, which means that the transaction limit on such cards depends on the balance available in the linked account.

Credit cards may come with several hidden costs but provide an option to draw more funds if you are running short on cash. Unlike debit cards, the transaction limits on a credit card are dependent on the spending limit imposed by the card company/bank, the interest rate, and the credit score of the cardholder. Therefore, even if a punter is finding it difficult to raise some cash for their betting requirements, a credit card offers an excellent means of coming up with some much-needed cash, even if it is at the expense of interest or other costs incurred in the transaction.

How to Find a Cricket Bookie That Accepts Card Payments

Most mainstream online bookies in the cricket betting industry are authorized by leading card service providers to accept payments from users either through debit or credit cards. Bookmakers are also required to display the logos of their supported payment option, where it is common to see the Mastercard logo, the Visa logo, and the American Express logo prominently on the sportsbook’s official website. If punters have any concerns or questions about legitimacy, sports betting operators have dedicated customer service representatives or account managers who can assist their clients in making a successful deposit through a preferred payment option.

Using Credit/Debit Card for Deposits from India

In India, credit and debit cards are highly regulated, as the country is very keen on preventing all types of fraudulent online transactions through its Anti-Money Laundering (AML) policies. Therefore, cards issued in India may not be accepted by international betting websites, unless specifically mentioned by the bookmaker.

You can certainly try making a payment by entering your card information at the bookmaker’s banking page, but be warned that the transaction will be reflected on your card statement. Therefore, in the event of an investigation by the authorities, there is a significantly larger risk of legal action or any other penalties, particularly if you are taking part in cricket betting from states where such activity is banned or considered illegal.

There is an alternate route to use your credit/debit card for cricket betting in India, which involves signing up for an e-wallet and utilizing the e-wallet account for making payments to betting websites. Most e-wallets allow its users to add cards to their account, which can then be used to deposit money at the bookmaker account through the e-wallet’s payment interface. Therefore, the deposit made to the bookmaker will not directly reflect on your card statement.

However, such a transaction can induce higher transaction charges and currency exchange fees if you are transacting from INR to USD or any other international currency. Nevertheless, such a payment strategy will eliminate the risk of having a bookmaker transaction on the card statement, which will prevent the authorities from flagging your credit/debit card or bank account as a potential betting account.

Withdrawing Funds through a Credit Card and Debit Card

Before making a card deposit at your preferred online cricket bookmakers, we recommend getting your betting account verified by submitting all the required documents. Bookmakers will only send payouts to verified account holders, as all regulated bookies are required by law to verify the authenticity of the punters before granting them access.

Withdrawing funds through a credit and debit card

Every cricket bettor must prove their identity to ensure that they are of legal age, and account verification is usually done by uploading an ID, card statement, and a proof of address. Using a credit/debit card for betting-related transactions may also require you to send a photograph of the front and back of your card to your bookmaker.

Due to the existing AML laws in the betting industry, online betting operators will only process withdrawals to the payment method that was initially used to fund the betting account. Therefore, while withdrawing funds, punters must ensure that they withdraw the money to their credit/debit card, as bookmakers will not entertain withdrawals through any other platforms.

If your card has expired, or if you no longer use it, you must send a special request to the bookmaker to change your withdrawal method. Nonetheless, online betting operators do reserve the right to accept or deny your request. Therefore, you must ensure that you are using your primary credit/debit card at the time of your deposit, as this can play a significant part in reclaiming your winnings.

Is This Payment Method Secure for Online Cricket Betting?

While payments made through a card is highly secure and encrypted, the same cannot be said for the merchants and sportsbook companies that operate in the industry. The popularity of credit cards and debit cards means that almost every sportsbook in the world will accept this payment method, and it is physically impossible for card service providers to verify the authenticity of their merchant accounts. Some bookies may use fraudulent means to overcharge their clients, while some operators may save the card information of their users to steal money and identity for malicious purposes.

Nowadays, there are several security measures to prevent illegal financial transactions. Cardholders can use multiple levels of card authorizations to avoid scams and illicit financial activities. It is also possible to block cards and reverse charges if a user feels that they are being scammed by a con artist. Nevertheless, choosing a regulated cricket bookmaker can eradicate most of the security issues that are prevalent in the industry. We can recommend a few legitimate companies that not only provide an excellent cricket betting platform but also offer a secure payment interface that keeps your debit/credit card deposits confidential.

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Last modified: April 28th, 2020 by Amit Patel
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*Available to new customers only. Make a qualifying deposit of 717 INR ($10) or more and claim the offer within 30 days of registering your account to qualify for 15% of that amount in Bet Credits, up to a maximum of 4300 INR ($60). Once claimed, your Bet Credits will be held in your account balance and are non-withdrawable.