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Payz in Indian Casinos
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The number of online casinos accepting Indian players is growing by the minute, thanks to the high demand on players’ part. Indians love gambling online, and that’s why they are catered to in the best way possible by most international operators. And these operators encourage them to use one of the most popular alternative payment solutions out there, Payz, out of many reasons. First of all, it is available in India, secondly, it processes transactions in Indian rupees, and thirdly, it works for both deposits and withdrawals. Add to that the fact that it offers two online payment products you could use to fund your casino balance and cash out winnings from it, and there you have it – a must-try solution for you as an Indian player. What is Payz and why decide to give it a try across Indian online casinos?
Online Gambling Regulation in India
India is one of those countries organized in states, 27 of them, to be more precise, each with its own government, laws, and rules for citizens to follow. But things are controlled on a federal level, too, making it much more complicated for Indians to know exactly what’s good and what’s bad to do, in cases when the state and federal laws contradict. This is especially emphasized when it comes to online gambling laws, that is, in some states.
What happens is, that there’s an old federal law, the 1867 Public Gambling Act, which explicitly bans all forms of gambling within India’s borders. The law says that anyone found frequenting or owning a public gambling house was bound to receive a fine or even serve jail time for that. Introduced while the country was still under Britain’s rule, this is an old ban, but one taken seriously to this day. Even though there’s no mention of online gambling in it, considering the internet did not exist back then, it is implied that it is also illegal and banned.
But, since each state has its own government that could introduce its own laws, some states across the country decided to go against the old law and legalize online gambling across their territories. This means that citizens of these states can freely gamble online without worrying about getting prosecuted for it. Sikkim was among the first states that permitted and legalized online gambling, with the Online Gambling Regulation Act 2008. Several others followed suit, making certain game types available to their respective citizens. PlayWin was one of the first sites to be officially licensed to provide its content in Sikkim.
So, the question that bugs the citizens of states with no formal online gambling legislation is, whether they can join casinos that are still licensed somewhere in India, like in Sikkim, for instance. The short answer is, yes. It seems like the federal government used to enforce the old law for land-based gambling activities a lot in the past but has neglected to do it for online gambling. To this day, we haven't found any evidence pointing out people who were prosecuted for engaging in the activity online.
The long answer, however, is, that even though you won't be prosecuted, you could come across many obstacles when trying to join an online casino. What happens is that there's one thing that the federal government has done related to this matter, and that's, it introduced IP blocks, forbidding those Indians from states with no legal online gambling access to online casinos. What’s more, even if access is granted, these players face many difficulties when it comes to making deposits and withdrawals across these sites, since transactions with bank-related payment solutions, even cards like MasterCard and VISA, are known to fail.
This brings us to our topic. If, as an Indian playing from a state with no legal online gambling, why not join international online casinos? Hundreds of such sites exist today that cater to Indian players, sites that offer all of the things you’d want to try and use, including this amazing payment solution, Payz. It is not directly bank-related, but it is an alternative solution that would suit your needs and preferences perfectly. It gives you the chance to use a prepaid card for your deposits, but also an eWallet for the most seamless withdrawals. Moreover, you can choose the Indian rupee as your default currency when using it, meaning you’ll avoid paying conversion fees even! If it sounds just like the solution you’d want to use, follow our lead, as next, we’ll tell you all about it and guide you on how to get started with it and use it across Indian online casinos.
Using Payz Across Indian Online Casinos
One of the first things you should know about this solution is that it did not get the popularity it has under this particular name. In fact, it has rebranded twice since its launch; way back in 2000, it was debuted as a prepaid card named ecoCard. The card served online shoppers best, as they could top it up with money and pay with it effortlessly across many eCommerce sites, online casinos included.
The card quickly caught up, especially across the online gambling industry, and was a big success. That’s why the company behind it decided to expand its offering with an eWallet product and rename the solution to ecoPayz now. This happened 13 years after the launch, but by that time, the card was already being offered across many countries. It was really popular across sites that accepted global users, such as online casinos. Now offering two exquisite products instead of one, and becoming capable of processing withdrawals, too, the rebranded solution got listed among the leading alternative payment solutions across hundreds of casinos.
The fact that it processed transactions in a swift and cost-efficient manner and allowed users to transact in more than 50 currencies, ecoPayz managed to achieve an unrivaled reputation and track record. Its position was further cemented when Skrill and Neteller decided to pull their prepaid MasterCard from many markets, most of which were key regulated online gambling markets, since the solution was able to offer its own card in many denominations, plus an eWallet product.
In 2023, a decade after the first name change, the solution rebranded only to Payz, following current trends and making its name simpler, yet more effective and easier to remember. Nothing new was introduced this time in terms of products, but the company behind it continued offering the same impeccable services and products, only further reassuring users that they’ll continue innovating and staying one step ahead of competition, to deliver the best online payments.
If already convinced that it is a solution you’d like to give a try, here’s what you need to do. You need to head over to its official website and fill out a registration form, providing basic personal info. While on it, select the Indian rupee as the default currency of your account. From here, you can also order the prepaid card if you wish to use one, and with that, you’ll have finished with the registration process.
The next natural step would be funding the account or card, or both. You can use different payment solutions to do that, but as an Indian player, we suggest you use Google Pay, Paysafecard or bank transfer, even though Klarna, VISA, Trustly and Interac are also some viable options.
And once you’ve done all of that, you’ll be ready to start using both products for convenient deposits across hundreds of online casinos. Payz is a hugehit with online casino players, especially across Indian casinos, so you won’t have any issues finding it at your favorite site. Continue reading to find out exactly what you need to do to use it across online casinos.
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Deposits and Withdrawals with Payz
We just said that you’ll find the solution across hundreds of international online casinos accepting Indian players. Premier sites have listed it at the top of their lists of accepted payment methods, mainly because it is available in many currencies and players from many countries can use it, but also because it is extremely easy to use for deposits and withdrawals.
Once you’ve found the perfect casino for you and you’ve registered an account with it, to make a deposit with Payz, you’d need to do the following:
- Head over to its Banking/Payments page.
- Search for Payz’s logo on the list of offered methods and press it.
- If using the eWallet, once redirected to its official website, use your credentials to log in; if using the prepaid card, just enter the requested card details.
- Specify how much you wish to top up your casino balance with.
- Confirm the transfer and watch the funds arriving instantaneously.
Withdrawals, as you’d presume, can only be requested with the eWallet, not with the card; there’s no return address with the card so the operator cannot send you your winnings there. With the eWallet, though, the procedure is pretty simple. Just repeat the same steps as just described for depositing, this time specifying how much you wish to cash out from your casino balance and transfer to your eWallet account; the casino will take it from there, review and hopefully approve your request, and once that is all settled, the money will immediately arrive on your account.
Conclusion
As an Indian online casino player looking for an alternative payment solution to credit/debit cards to use across sites that accept players from your country, make sure you consider Payz right away. As you can see, it is incredibly well-suited for you, it allows you to transact in rupees, it is an option for deposits and withdrawals, and offered across too many sites to count. As soon as you can, give it a go and you’ll see how smoothly your online gambling would go from there.
FAQs
Is it illegal to gamble online in India?
On a federal level, yes, it is illegal to gamble online in India. But, on a state level, some states offer a legal online gambling market.
What kind of punishment can I get for gambling online if not from an Indian state with legal online gambling?
The old laws were super-strict with those caught gambling in land-based public gaming houses; but when it comes to online gambling, there is no evidence of anyone ever getting a punishment for placing bets online.
Is Payz offered across many Indian casinos?
Yes, indeed it is. It is a solution offered across hundreds of online casinos that accept players from all over the world, India included. You should have no difficulties locating one you’d like to join fast.
Will my casino charge fees for deciding to deposit and withdraw with Payz?
Probably not. Online casinos rarely charge fees to players who decide to use an eWallet or a prepaid card, so you should expect no fees to apply when using any of the two products the solution offers.
Is Payz always accepted for withdrawals?
The short answer is yes; the long answer is, if only the card is accepted, then no, but if both are, the eWallet is always an option for withdrawals when offered for deposits.
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