Banking Options for Indian Bettors

As i have mentioned before that in India Betting is legally illegal but we can bet for sure without any problem. The first step of betting online is opening an Electronic Wallet such as Neteller.com or Skrill.com (previously known as Moneybookers.com), these e-wallets serves the purpose of an online bank for Indians as we can keep our money safe on these sites.

In the world of Online Betting for Indians I would like to warn everyone that you never use your Indian Bank Account for directly depositing to any sportsbook and vise versa. If you do so all the transactions in your bank statement will show the names of the sportsbook and hence the problem would arise. Therefore to avoide such situations i highly recommend opening an E-wallet account.

Regarding the legality of online betting in India there is no such rules where it is prohibited that we can't bet on online betting sites which are situated outside of India. All the websites are not based in India therefore they adhere to their local laws which is why they can be publicly traded companies and still offer bets to India so freely.

According to my experience the best banking options for Indians are Neteller.com and Moneybookers.com. below you will find some informations about Neteller and moneybookers.

NETELELR
Founded in 1999, Optimal Payments Limited provides businesses and individuals with an online alternative to traditional payment methods.

Neteller help customers get their money where it needs to go securely and privately, and give businesses an option for accepting payments and making payouts in markets where traditional methods may not work.

Millions of customers around the world have used their NETELLER Account to pay and get paid on thousands of sites and to send money to individuals around the world. For Indians Neteller is the best options as it serves all the purpose of an Indian Punter. Transacting to and from a betting website using neteller is fully secured and you can do multiple betting at a time such as you can bet on bet365, dafabet and 888sport.

Skrill (Previously known as Moneybookers)
Skrill plays very important role in online gambling world as 25-30% of total online gambling transactions are done via moneybookers. It's a good news for all Indians that Skrill provide there services to Indian clients and above that Indians can maintain there balance in there own ruppees currency. As the world feels like it’s getting smaller, the need to send money to family, friends or any betting websites worldwide, or transfer money to your own bank account abroad increases. To meet these needs, Skrill is your ideal choice for low-cost, quick and convenient international money transfers.

Skrill is one of Europe’s largest online payment providers and a leading international online payment system. Skrill is an electronic money issuer, authorised under UK and EU law and regulated by the Financial Services Authority (FSA) in the UK. Skrill was founded in 2001 and currently has several offices across Europe and the United States.

Skrill is 100% safe for anyone who wants to place any bets on online betting websites. Over 30 million private customers and 135,000 businesses trust in Skrill, commit their financial transactions to us.

Skrill offers you the most secure, reliable and competitive service in the industry. Stop wasting money on expensive money transfers and choose the service that fits your personal needs in the best possible way!

Skrill also accepts Rupees Transactions, so you can maintain your balance with skrill in your own local Indian currency and it is very much helpful while you want to bet online., it also serves you as an online bank.