Best Alternatives to PayPal Betting Sites in India (2022)

What is PayPal?

Founded way back in 1998 in the US, PayPal is a fast and simple online payment service that used to let Indian punters make deposits and withdrawals at INR betting sites. This advanced service has plans to incorporate UPI payments and provides the distinct advantage of not requiring any long numbers or personal banking information when conducting transactions at PayPal betting sites.
PayPal is was one of the safest betting payment methods supported by some of the best cricket betting sites in India before eventually being phased out. With advanced encryption protocols, 24/7 fraud monitoring, and personal data privacy practices, this banking option is still widely used in Indian business.

PayPal is was one of the safest betting payment methods supported by some of the best cricket betting sites in India before eventually being phased out. With advanced encryption protocols, 24/7 fraud monitoring, and personal data privacy practices, this banking option is still widely used in Indian business.

What Happened to PayPal Betting Sites in India?

While the payment service was perfect for those looking to bet on cricket online, it isn’t surprising to see PayPal go. PayPal has had issues with the Reserve Bank of India in the past and previous policies are regulations from the RBI have rarely been of benefit for the American company.

 

A recent National Payments Corporation of India (NPCI) policy update regarding UPI was the final nail in the PayPal coffin and it looks like we’ll never see PayPal betting sites again in India.

Best Alternatives to PayPal

PayPal betting sites supported multiple betting payment methods and with the banking option no longer supported, those same sites needed to be sure to offer alternatives that would suit PayPal users.

Most bookies offer more than a dozen unique payment options that cover a wide range of users. For those who preferred to use PayPal, some of the available options use similar mechanics, just as many security features, and lightning-fast payouts.

Traditional Methods

When all else fails, Visa and Mastercard payments are still widely supported at many former PayPal betting sites. You don’t need to always reach for your card or input long card numbers anymore either. That’s because some betting sites support Google Pay and you can use digital prepaid cards like Paysafecard too.

e-Wallets

Former PayPal betting sites still support a range of e-wallets that offer a similar service to what PayPal pioneered so many years ago. Major services like Skrill and NETELLER are widely accepted at almost every one of the best cricket betting apps and alternatives like RuPay and AstroPay Card are growing in popularity.

Cryptocurrencies

This is the most advanced way to make instant deposits and often instant withdrawals at a wide range of betting sites in India. Cryptocurrencies are a form of virtual currency that allows Indian punters to conduct transactions in their token of choice but still retain the ability to wager in Indian Rupees. This form of payment is highly accessible as almost every bookie is a cryptocurrency betting site.

Indian Favourites

PayPay was just about to launch a new UPI platform which is one of India’s most popular payment methods for online betting transactions. Many former PayPal betting sites have added UPI payments to their arsenal owing to a simple, mobile-based system, instant deposits, and very fast withdrawals – some fast withdrawal betting sites offer 15-minute payouts using UPI.

Another popular banking option now that PayPal betting sites are gone is Net Banking. This method simplifies using your bank account to conduct betting transactions online. Net Banking betting sites are very common and punters shouldn’t have any trouble choosing a bookie that offers instant deposits using your bank account.

How to Choose a PayPal Alternative?

With such a wide array of betting payment methods available to the Indian punter, it can be difficult for some to work out if a payment method is similar to PayPal or not. But don’t worry, it’s actually easy to determine the most suitable banking option now that PayPal betting sites are a thing of the past.

  • Security Features – PayPal is a highly secure payment option. You’ll want to make sure going forward that you use a banking method that is equally security conscious. Look for regulation by a reputable authority like the RBI and research any security breaches or known hacks. E-wallets like Skrill and NETELLER boast security features very similar to that of PayPal.
  • Similar Mechanics – It would certainly be handy if you don’t have to learn any extra steps during the deposit or withdrawal stage that differ from betting with PayPal. Thankfully, most e-wallets leverage very similar mechanics including Two-Factor Authentication (2FA) and mobile payment gateways. We’d recommend using UPI-based apps like PayTM or PhonePe as payment processing is even easier than using PayPal.
  • Longevity – it’s rather annoying for those who enjoyed online betting with PayPal as they were likely very comfortable using the popular payment method. For your next banking choice, you’ll want to look for an option that is likely to stick around. This could be a popular Indian app like PhonePe or a strong e-wallet that has been around forever such as Skrill or NETELLER.
  • Low fees – PayPal was a very affordable way to fund a betting account and you shouldn’t be paying excessive fees just because the option is no longer available at former PayPal betting sites. Most of the best bookies in India shouldn’t be charging you for transactions on their end, so your focus will be the payment provider. AstroPay, PhonePe, and Paytm offers little to no fees for most transaction types.

Top 3 Alternatives to PayPal Betting Sites

There are a handful of former PayPal betting sites that offer a huge range of betting payment methods and unique features that help them stand out from a crowd. What makes these 3 bookies so good? We’ve broken down to pros and cons of our favourite alternatives to PayPal betting sites in India.

MELbet

Melbet homepage screenshot

MELbet is an Indian bookie for the Indian market. The sportsbook is focused on cricket, kabaddi, and football, while the casino platform features multiple live tables for Teen Patti and Andar Bahar. Those who enjoy live betting will be pleased to see live cricket streaming and an in-play feature called Multi-VIEW that allows punters to follow 5 live events simultaneously.

Features

  • More than 45 payment methods
  • Handy Multi-VIEW live betting mechanic
  • Markets for smaller cricket events like the European Cricket League

PayPal Alternatives

  • NETELLER
  • ecoPayz
  • Mastercard

Parimatch

Parimatch homepage screenshot

Parimatch has been around since the early 90s and since then this popular bookie has developed into a wonderfully Indian-focused operation. Load up the homepage for even a second and you’ll see ads for cricket bonuses and the sportsbook instantly showcases the latest cricket and kabaddi events before any others. Parimatch offers an Indian betting exchange for peer-to-peer betting on 5 different sports including cricket and football.

Features

  • Special Markets in the Bet Exchange
  • Wager on virtual cricket like IPL Legends league
  • IPL live streaming

PayPal Alternatives

  • AstroPay
  • Net Banking
  • PayTM

Casumo

A screenshot of Casumo homepage

Offering a sportsbook and casino, Casumo is one of the biggest online casinos in India with more than 3,000 games. Casumo is known as a fee-free bookie with no charges for making deposits with a wide range of support methods. You’ll find some useful features for sports betting too including a bet builder and in-play betting. For cricket punters, Casumo offers a great range of markets for every available event throughout the year.

Features

  • Bet Builder for building Accumulators
  • Wide range of support payment methods
  • Excellent cricket market coverage

Alternatives to PayPal Betting Sites FAQs

1️⃣ What is PayPal?

PayPal is a highly secure and popular payment method that is used to provide instant deposits and secure withdrawals at some of the best betting sites in the world. But unfortunately, there are no more PayPal betting sites in India and the company appears to be pulling out of the Indian market.

Cricket Betting Advice

2️⃣ Are there any strong alternatives to PayPal Betting Sites?

You might not be able to use PayPal at betting sites in India anymore but that doesn’t have to stop you. There are tons of exciting and feature-packed bookies that boast a wide range of alternative banking options. We think MELbet, Parimatch, and Casumo are great alternatives now that PayPal betting sites are obsolete.

Cricket Betting Advice

3️⃣ What payment method is similar to PayPal?

Of all the various payment methods available to Indian punters, Skrill, NETELLER, and some UPI-based apps like PhonePe are most similar to PayPal and users will likely feel comfortable when making the switch.

Cricket Betting Advice

4️⃣ Will PayPal betting sites return?

While PayPal is still commonly used in the business world in India, the payment service clearly has no plans to continue its services for individual consumers and Indian bookies have no way to support PayPal payments. It is highly unlikely we’ll ever see PayPal betting sites in India.

Cricket Betting Advice

CricketBettingAdvice Final Words

It is a shame that the incredibly popular PayPal payment service is no longer supported by bookies in India. However, punters from India have tons of similar and arguably superior payment methods to choose from so many excellent alternatives to online PayPal betting sites.

Author: info

Leave a Reply

Your email address will not be published.