Bank Transfer Review for Betting Sites
Bank transfer It is very important to choose the right payment methods when it comes to sports betting.
Most people simply don’t pay attention to the payment options, but it is a very important factor in betting.
Most of the betting sites provide multiple payment options for a seamless betting experience.
You can choose from any of these options. While digital wallets are popular and convenient, there are many high roller bettors who use Bank transfer.
It is one of the oldest payment methods in betting. Money transfer has been an integral part of betting ever since the inception of online betting platforms.
If you want to learn more aboutBank transfer and bank transfer review for betting sites, follow this guide.
What is Bank Transfer?
Bank transfer is a method of payment in which you can electronically transfer funds from one person to another. It is also known as wire transfer or credit transfer.
You can simply use this method to transfer money from one bank account to another. This service was first launched by Western Union. People have been using it since 1872.
Ever since then, millions of people in the world have been using it. It is one of the most used payment methods. However, since the advent of digital wallets and online payment facilities, people have been migrating words to other payment services.
In the bank transfer, you can simply visit your bank or use phone banking, internet banking or mobile banking to transfer funds. You can use it to send money to another account. All you need to do is enter the account details.
Once you do it, the bank will electronically transfer the money to the respective account. The majority of betting sites are using this service as it helps bettors to easily deposit and withdraw money.
Bank Transfer Betting Sites in India:
Betting sites which provide money transfer payment method are known as bank transfer betting sites. The majority of the betting sites in India provide this service.
In India, most people use traditional banking facilities. Even though modern banking and fiancé platforms like GPay, Paytm, and IMPS are available, there are many bettors who still prefer using money transfer.
Because of this reason, nearly all the betting sites in India provide this payment option. It is one of the oldest payment method available with betting sites. If you are not able to withdraw money using GPay or any other service, you can use money transfer instead.
Dafabet, Betway Sports, 10Cric, Funbet, 22BetIndia and Casumo are some of the online casino india betting sites in India which provide money transfer facility. If you want to use a money transfer payment method for betting, you can simply check our bank transfer review for betting sites.
It will help you to learn more about money transfer in betting and show you how to deposit as well as withdraw money using this payment method.
How to Deposit at Betting Websites with Bank Transfer?
In order to use the money transfer payment method, you need to have a bank account. It is necessary to have an active bank account with a sufficient balance.
Apart from that, you also need to activate phone banking, internet banking or mobile banking if you don’t want to visit the bank for transferring money.
Before you use it, you need to check the transaction limits and charges as well. Follow these steps if you want to transfer money in your betting account using cash transfer.
Step 1: Sign In to Betting Account
You need to sign in to your betting account and go to the deposit page to deposit money using this option.
Step 2: Choose Money transfer (Bank)
After reaching the deposit page, you need to choose the cash transfer option from all the other payment options.
Step 3: Enter Bank Account Credentials
You can transfer money from your bank by either using phone banking, net banking or by visiting the bank. It is best to use internet baking for convenience.
Once you choose internet banking, you need to enter your banking credentials and select new payment.
After that, you need to enter all the details of the beneficiary, i.e. name, account number, IFSC Code, bank name, etc.
Step 4: Enter OTP
Once you enter all the details, you need to enter the amount and click on the transfer option. You will get an OTP which you need to enter. Once you do it, the money will be deposited in your betting account.
How to Withdraw from Betting Websites ?
You can also use bank transfer to withdraw money from your betting account. However, it might take 2 to 5 days for the money to reflect in your account. Follow these steps to withdraw money from your betting account using the cash transfer option.
Step 1: Sign In to Betting Account
You need to sign in to your betting account and go to the withdrawal page.
Step 2: Choose Money transfer (Bank)
After that, you need to choose the money transfer option.
Step 3: Enter Bank Details
Now, you need to enter your bank details like the name of the account holder, account number, IFSC Code, bank name, etc.
Step 4: Withdraw/ Transfer
After that, you need to enter the amount as per the limit and click on withdraw. You also need to enter a code or OTP to complete the transaction. It will take 2 to 5 days for the amount to reach your account.
Advantages of Using Money Transfer for Transferring Funds in Betting Account?
There are many advantages of using the money transfer payment option for betting sites.
Safety and Security:
It is highly safe and secure as all the transaction are protected by your bank. You don’t need to share your details with third-party platforms.
No Card Details:
You can use this method even if you don’t have a debit card or credit card. There is no need to enter your card details.
Simple and Easy to Use:
It is very simple and easy to use. You don’t need to maintain a digital wallet or use any other service to use this payment option.
High Limit Transfer:
You can use this method to transfer a higher amount. It will help you to easily deposit and withdraw the amount with a higher limit.
Bank Transfer Betting FAQ:
- Why should I use bank transfer on betting sites?
This option is available with all the betting sites and is extremely easy to use. It is safe and secure and helps you to deposit more money at once.
- Which betting sites offer bank transfer facility?
Nearly all Indian betting sites offer this payment option.
- Can I instantly withdraw money from my betting account with a bank transfer?
No, it will take 2 to 5 days to process your request and complete the transaction.
