The Difference Between Sports Betting Payment Methods
Online sports betting is the definition of convenience and awesomeness, even more, if you have been a long-time sports bettor and you have your fair share of experience falling in long queues just to bet on your favorite sports through a bookie in person. As such, you need money to bet, and to bet on sports online, you need a way to facilitate and manage your online finances. This is why knowing everything there is to know about all the payment methods used in sports betting sites are crucial and one of the most important things you need to consider.
One of the first things you need to know is what are the payment methods in India – Astropay, Neteller, Visa and MasterCard, and many others. How does each one work? Is one method better than the other? Are there any advantages in using any of them over the other? With so many options to choose from these days, there are respective pros and cons to each method and there is no way to tell which method is the “best”–it all boils down to which one would work best for each individual–as everyone has different needs and preferences. So, to help you out with this here is everything you need to know about the most used and most common payment methods for betting in India.
Astropay is a virtual prepaid card service that lets you use it for online payments without the need for a bank account, a credit card, or a debit card. What makes this different is that you would only share your personal information through Astropay, This means that Astropay won’t share your information to any third-party sites or apps, and they would not be able to access them, too.
The best part of this is you can use it for free and it is also widely usable in India. Since it is virtual, getting a card is fast and easy, too!
Neteller is a form of e-money wallet that is owned and operated by Paysafe Group Limited. A company that was founded in 1999, it has become one of the most popular choices for online payments and e-money wallet in India. This is because you can use it not only to pay and receive money from other users, you can also use the money in your wallet.
On the other hand, some drawback of using Neteller is that is has a fee for sending even if both sender and receiver are Neteller users–usually, in other apps, such a fee does not exist.
Debit or credit card
Perhaps one of the most common ways someone would fund their betting wallet with, a card is the easiest option to go for, since almost everyone either has a debit or a credit card. However, the concern for a lot of people is that by using your card, you would have no choice but to input your personal information on the site—and not everyone likes that idea.
What makes a bank account different from using cards is that as long as you have money in your account, there is virtually no spending limit to it. Debit and credit cards, on the other hand, usually have a spending or credit limit.
While not a lot of betting sites accept cryptocurrencies such as Bitcoin, but it has been gaining wider and bigger acceptance throughout the years, and more and more sites are starting to open up in accepting Bitcoin as a payment method.