Payoneer Betting Sites in India

Payoneer is one of the e-wallets most popular after PayPal, and people worldwide use it. Payoneer isn’t frequently found at online bookmakers, as the terms and conditions prohibit gambling transactions. However, that doesn’t mean some don’t offer it, especially if you’re transacting small amounts or using it together with another payment method, like a bank transfer. Whatever the case, while it’ll be challenging to find a bookmaker offering this method, we look into how to use it should you find it.

100% up to ₹2.500
Terms & Conditions
Open an account with Betway today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Accepting Indian Rupees
  • Approved for Excellent bonuses available
  • Approved for Free live streaming
20 Comments
Pure Win Review
100% up to ₹10.000
Terms & Conditions
Open an account with Pure Win today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Pure Win accepts INR
  • Approved for Curacao license
  • Approved for More than 40 sports
25% up to ₹45.000
Terms & Conditions
Open an account with Bettilt today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Many free bets
  • Approved for Amazing list of sport events
  • Approved for Good mobile website
150% up to ₹32.000
Terms & Conditions
Open an account with 10Cric today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for Top Bookmaker in India
  • Approved for 24-hour customer service
  • Approved for Daily Betting Promotions
150% up to ₹12.000
Terms & Conditions
Open an account with Parimatch today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Oldest Indian bookmakers
  • Approved for Great sports markets and odds
  • Approved for Excellent live betting platform
19 Comments
4Rabet Review
200% up to ₹15.000
Terms & Conditions
Open an account with 4rabet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Excellent betting offer
  • Approved for Huge selection of live bets
  • Approved for Stable and lucrative betting odds
54 Comments
Rokubet Review
100% up to ₹22.500
Terms & Conditions
Open an account with Rokubet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Good gambling products
  • Approved for A whole new experience on mobile
  • Approved for Fantastic for mobile betting
100% up to ₹10.000
Terms & Conditions
Open an account with Rabona today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for 30.000+ pre-match events
  • Approved for 130+ alternative bets
  • Approved for Innovative loyalty program
100% up to ₹8.000
Terms & Conditions
Open an account with Sportaza today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for The one-stop for sport betting
  • Approved for Amazing welcome promos
  • Approved for Good mobile website
75 Comments
Stake Review
100% up to ₹50.000
Terms & Conditions
Open an account with Stake today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Crypto payments accepted
  • Approved for Anonymous and reliable
  • Approved for Very good customer service
232 Comments
Bet365 India Review
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Terms & Conditions
Open an account with Bet365 today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Highest sports odds
  • Approved for Many customer reviews
  • Approved for Leader for online betting
18 Comments
22Bet Review
100% up to ₹10.000
Terms & Conditions
Open an account with 22Bet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for Bonus ₹10,000
  • Approved for Excellent Cricket odds
  • Approved for Withdrawals completed almost instantly
34 Comments
BC.Game Review
360% up to 60.000 BCD
Terms & Conditions
Open an account with BC.Game today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Cryptos are accepted
  • Approved for Bonus for Indian players
  • Approved for Hundreds of slot games
65 Comments
Vave Review
100% up to 1 BTC
Terms & Conditions
Open an account with Vave today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Many customer reviews
  • Approved for Amazing welcome bonuses
  • Approved for Great selection of live games
18 Comments
18Bet Review
100% up to ₹9.000
Terms & Conditions
Open an account with 18bet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Mobile betting app
  • Approved for Customer support 24/7
  • Approved for Over 40,000 events
200% First Deposit
Terms & Conditions
Open an account with Fun88 today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Excellent customer service
  • Approved for A good selection of banking options
  • Approved for Wide range of promotions
100% up to ₹10.000
Terms & Conditions
Open an account with Lottabet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Bonus multiplier
  • Approved for Bet builder feature
  • Approved for Large selection of games
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Terms & Conditions
Open an account with 1xbet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for Excellent bonuses are available for Bets and Casinos
  • Approved for 24-hour customer service
  • Approved for One of the best mobile apps
100% up to ₹9.000
Terms & Conditions
Open an account with 888starz today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Many bonuses for both old and new customers
  • Approved for A decent sportsbook section that covers cricket alongside a variety of other sports
  • Approved for Availability of a mobile app for iOS and Android
100% up to ₹8.000
Terms & Conditions
Open an account with Betinia today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Simple bonus offers
  • Approved for Excellent bonuses
  • Approved for Attractive odds
54 Comments
Ivibet Review
100% up to $150
Terms & Conditions
Open an account with IVIbet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Good mobile website
  • Approved for Amazing casino UX
  • Approved for Many payment options
100% up to ₹8.000
Terms & Conditions
Open an account with Helabet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Safe and convenient banking options
  • Approved for 24/7 customer support services
  • Approved for Juicy sign up bonus
10 Comments
N1Bet Review
100% up to ₹40.000
Terms & Conditions
Open an account with N1Bet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Over 40 sport events
  • Approved for Competitive odds
  • Approved for User-friendly website
18 Comments
Fezbet Review
100% up to ₹9.000
Terms & Conditions
Open an account with Fezbet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Over 40 sports
  • Approved for Competitive odds
  • Approved for Lucrative bonuses and promotions
100% up to ₹2.200
Terms & Conditions
Open an account with Fansbet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for Over 40 sports
  • Approved for Competitive odds on sport
  • Approved for MGA license
100% up to ₹9.000
Terms & Conditions
Open an account with Paripesa today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Over 50 sports
  • Approved for Enticing bonuses
  • Approved for 24/7 live chat
100% up to ₹8.000
Terms & Conditions
Open an account with Librabet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Over 40 different sports
  • Approved for User-friendly website
  • Approved for Enticing bonuses and promotions
100% up to ₹4.500
Terms & Conditions
Open an account with Bethard today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Over 40 sports
  • Approved for User-friendly website
  • Approved for Highly competitive odds
45 Comments
Megapari Review
100% up to ₹25.000
Terms & Conditions
Open an account with Megapari today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Great selection of live games
  • Approved for Best odds for sports
  • Approved for Cryptos are accepted
100% up to ₹10.000
Terms & Conditions
Open an account with Melbet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for 1.000+ Pre-match Events daily
  • Approved for 97%+ on Top Leagues
  • Approved for Instant Withdrawals
7 Comments
Oppa888 Review
100% up to ₹10,000
Terms & Conditions
Open an account with Oppa888 today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for High betting odds
  • Approved for Great mobile app
  • Approved for Horse racing betting covered
18 Comments
Sportsbet Review
100% up to ₹2.500
Terms & Conditions
Open an account with SportsBet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for One rising star
  • Approved for Many Indian sports
  • Approved for Secure payment options
100% up to ₹9.000
Terms & Conditions
Open an account with Mozzart today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for MGA license
  • Approved for More than 10,000 events
  • Approved for 24/7 customer support
18 Comments
b-Bets Review
100% up to ₹5.000
Terms & Conditions
Open an account with b-Bets today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for MGA license
  • Approved for 95% payout on cricket and football
  • Approved for More than 150 football markets
100% up to ₹9.000
Terms & Conditions
Open an account with 20Bet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Over 40000 sports events
  • Approved for Competitive odds
  • Approved for Cash-out
100% up to ₹100
Terms & Conditions
Open an account with Yonibet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Quick cash out
  • Approved for Live streaming
  • Approved for More than 35 sports
100% up to ₹1.750
Terms & Conditions
Open an account with Vbet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for A vast range of sports
  • Approved for Competitive odds
  • Approved for Generous promotions
50% up to ₹73.600
Terms & Conditions
Open an account with Sportsbetting.ag today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Wide range of betting markets
  • Approved for User-friendly website
  • Approved for Live streaming
18 Comments
Betandyou Review
100% up to ₹9.790
Terms & Conditions
Open an account with Betandyou today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for A massive range of sports
  • Approved for Competitive odds
  • Approved for Enticing bonuses
100% up to $100
Terms & Conditions
Open an account with Select.bet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Fast payouts
  • Approved for User-friendly website
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100% up to $15
Terms & Conditions
Open an account with Betiton today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Many sports to bet on
  • Approved for Very highs odds
  • Approved for Quick mobile app
18 Comments
24Bettle Review
100% up to ₹7.500
Terms & Conditions
Open an account with 24Bettle today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for On of the latest addition
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  • Approved for Many sport events
50% up to ₹90.000
Terms & Conditions
Open an account with Cyber.bet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Competitive odds
  • Approved for Android mobile app
  • Approved for 24/7 customer support
18 Comments
Zulabet Review
100% up to $100
Terms & Conditions
Open an account with Zulabet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Nice football odds
  • Approved for Amazing welcome promos
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100% up to ₹8.900
Terms & Conditions
Open an account with Mr. Play today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Numerous betting markets
  • Approved for Accepts INR
  • Approved for User-friendly website
50% up to ₹73.600
Terms & Conditions
Open an account with BetOnline today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Wide range of betting markets
  • Approved for User-friendly website
  • Approved for Live streaming
100% up to ₹487.147
Terms & Conditions
Open an account with 1xbet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for Many cryptos accepted
  • Approved for Cool mobile website
  • Approved for High betting odds
100% up to ₹9.750
Terms & Conditions
Open an account with Betwinner today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for Excellent bonuses are available for Bets and Casinos
  • Approved for 24-hour customer service
  • Approved for One of the best mobile apps
18 Comments
1bet Review
100% up to ₹9.000
Terms & Conditions
Open an account with 1Bet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for 24-hour customer service
  • Approved for Withdrawals completed instantly
  • Approved for Bonus maximum of 9,000 India Rupee
50% up to ₹900
Terms & Conditions
Open an account with Betrebels today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for Top Bookmaker in the World
  • Approved for Huge bonus in total
  • Approved for Withdrawals completed almost instantly
18 Comments
Tornadobet Review
100% up to $300
Terms & Conditions
Open an account with Tornadobet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for Neteller payments accepted
  • Approved for Full cards on UFC/Boxing bouts
  • Approved for 95%+ average payout on Cricket
No Bonus
Terms & Conditions
Open an account with 10Cric today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for One of the best bookmakers
  • Approved for Cool mobile website
  • Approved for Safe for gamblers
100% up to ₹10.000
Terms & Conditions
Open an account with ZigZag777 today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for 24-hour customer service
  • Approved for Withdrawals completed almost instantly
  • Approved for Bonus maximum of 10,000 India Rupee
100% up to $1000
Terms & Conditions
Open an account with tigergaming.com today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.
  • Approved for A wide range of betting markets
  • Approved for Competitive odds
  • Approved for User-friendly website
150% up to ₹15.000
Terms & Conditions
Open an account with Dafabet today and bet on a huge range of markets with the world’s favourite online sports betting company. T&Cs apply. 18+, begambleaware.org.

  • Approved for Neteller payments accepted
  • Approved for Full cards on UFC/Boxing bouts
  • Approved for 95%+ average payout on Cricket
Rakesh Nadkarni

Betting Sites India

A Payoneer Overview

Payoneer was founded in 2005 in New York but has since expanded to offer its services to the global community. The brand has some strictly prohibited transactions, which makes it challenging to use this payment method at a bookmaker. However, it offers its services to millions of customers and supports 70 currencies.

Payoneer’s History with India

Since starting to offer its global services, Payoneer has offered Indians its Debit Mastercard services. However, in 2011, the brand withdrew from the Indian market due to RBI directives. In 2015, India showed many B2B transactions worth around $20 billion, which drew Payoneer’s interest. The brand reentered the market in 2016 when it became clear that the Indian economy was growing fast.

Payoneer’s Workings in India

Payoneer works the same in India as in most other countries. You download the app and create a personal or business account. Once you’ve completed the account, you can use a QR code to pay or receive payment from another party. Payoneer uses B2B transactions; you can make transactions in multiple currencies from one account.

The Criteria for Choosing a Payoneer Account

There are different types of Payoneer accounts, but these accounts are personal, small business, and enterprise ones. That means if you use the e-wallet personally, there’s only one possible option instead of various ones. However, you can also open a Payoneer Mastercard account and decide between physical and virtual cards.

  • Most places accepting Mastercard also accept Payoneer Mastercard.
  • Consider whether you often lose your cards, as a virtual option might be better.
  • Virtual is the better choice if you’re using this account solely for online transactions.
  • Use the physical Payoneer card instead of the virtual one to withdraw your money from an ATM.

Betting Sites India

Payoneer Deposits at Betting Sites

As we stated earlier, you’ll be hard-pressed to find a Payoneer bookmaker, but if it does happen, we look into how to make a deposit. You can deposit two ways with Payoneer: through the e-wallet section or using the Mastercard linked to your account.

A Complete Payoneer Deposit Guide

Below, we list how to deposit at a sportsbook that accepts Payoneer.

  • Log into your trustworthy casino account and navigate to the cashier.
  • Open the deposit tab, and choose Payoneer or Mastercard, depending on your option.
  • Add your Payoneer e-wallet email or your Payoneer Mastercard number and details.
  • Enter the amount you want to deposit, and approve the payment.

Frequent Issues with Payoneer Deposits and How Indian Users Can Solve Them

While Payoneer is a popular e-wallet, it’s not really suited to gambling transactions, and we consider the issues you might encounter when using it.

  • The payment processor rejected my deposit: You might find your deposit blocked since Payoneer doesn’t allow gambling transactions. In this case, there’s not much you can do, as the payment processor flagged the transaction as gambling, which they prohibit. It’ll be best to try another payment method in that case.
  • I can’t see this payment method listed: Sometimes, the bookie won’t list Payoneer as such, but you can use your Mastercard version through the card deposit. Try using the card deposit option with your Payoneer Mastercard. However, if it still doesn’t work, it may be that the payment processor flagged it as a risky transaction.
  • I haven’t received my deposit in my account: While deposits usually instantly appear in your account, that’s not always true. Try logging out and in or waiting a few minutes to see whether it appears in your account. It’s best to contact support if your deposit still doesn’t credit after this.

Betting Sites India

Payoneer Withdrawals at Betting Sites

When it comes to withdrawals, the same applies as it does to deposits, as gambling transactions are banned using this method. You might find that even if deposits are available, withdrawals won’t be, or you can only withdraw small amounts.

A Complete Payoneer Withdrawal Guide

If you find Payoneer available for withdrawal, here’s how to withdraw your winnings.

  1. Access the bookmaker’s cashier after logging into your account.
  2. Select the withdrawal tab, and choose Payoneer or Mastercard.
  3. Add the amount you would like to withdraw from your betting site account.
  4. Enter any required payment details, like your Payoneer email or Mastercard number.
  5. Confirm the withdrawal, and wait for the bookie to approve the transaction.

Frequent Issues with Payoneer Withdrawals and How Indian Users Can Solve Them

Payoneer isn’t truly the best payment method to use when gambling, so you might find some issues when using it. We look at how to solve the most common ones below.

  • I can’t see Payoneer listed in the withdrawals: As Payoneer isn’t a method that allows gambling transactions, you might find that withdrawals aren’t accepted even if the bookmaker enables deposits. However, it could also be that only the Payoneer Mastercard method is available, which means you must choose the Mastercard option.
  • Payoneer rejected my withdrawal: The payment processor might reject your withdrawal if they flag it as suspicious or prohibited. In that case, you won’t be able to use Payoneer and should try using the Mastercard version or another payment method. Luckily, even if they reject the withdrawal, the money will be back in your bookmaker account, and you can withdraw it another way.
  • I can’t withdraw all my winnings: The bookmaker often limits how much you can withdraw from your account, but Payoneer also has limits. You can draw a maximum of $5,000 (₹411,127) in 24 hours using this method, no matter the bookmaker’s limitations. Wait until 24 hours pass to try again, or use another method.

Betting Sites India

Payoneer Betting Sites in India’s Safety and Security

Betting sites in India have various measures to keep you safe. It starts with the KYC process, which verifies your age and identity. During this process, you must provide identity documents and proof of address and banking. In the case of Payoneer, you’ll need to give your account details and a bank statement.

Further, the bookies use SSL encryption and other security software and technologies to protect your data. Some even offer two-factor authentication, as it’ll help you protect your login details. Most betting sites also provide responsible gambling tools, which help control your gambling habits. It ensures you don’t spend more than the limits you set, as it restricts your deposit amount and loss amount to a figure you placed previously.

Security Measures with Payoneer

Reputable companies like Amazon, Airbnb, Facebook, and Google trust this payment brand, and it uses robust security measures to protect your account. Several government regulators licence and regulate the brand, and the company thoroughly audits its platforms to ensure a safer environment.

Strict security policies cover your payments, and the Reserve Bank of India registers the Online Payment Gateway Service Provider it uses to make your transactions.

Account safety

This payment processor is part of FinCEN, which stands for Financial Crimes Enforcement Network. FinCEN dedicates its time to preventing illegal transactions, so the company audits the platforms and ensures you have a safe account.

You can also add security measures like fingerprint identification to your mobile app and have two-factor authentication when transacting or logging into your account. These features will ensure no unauthorised person can access your account without your permission or knowledge.

Betting Sites India

Betting Bonuses for Payoneer Users

Indian players can find many different bonus types at betting sites, and since Payoneer isn’t a standard method, there are generally no bonus restrictions on it. You start with a welcome bonus, which can be a deposit or no deposit bonus.

A deposit bonus is one where you make the minimum required deposit, and you’ll usually receive 100% of your deposit as a free bet. Free bets are bonus funds that you can use to wager on sports. It’s a set stake, and you must use it in a wager, as you can’t split a single free bet. However, if you receive three free bets from the bonus, you can use them on three different wagers.

The other option is to receive a risk-free wager for 24 hours. After signing up and making the required deposit, your first wager up to a specific amount can be risk-free, meaning the bookie credits your stake if you lose the bet. This risk-free feature can also apply to your first 24 hours at the platform instead of the first bet.

No deposit bonuses are generally free bets, but are often lower than those you receive in deposit bonuses. You also have other promotions, like the Early Cash Out, which allows you to cash out some of your wager or winnings depending on how the match goes. Various bet builders, boosters, and more are also available to adjust your wager’s odds, winnings, or other features.

Payoneer Fees for Indian Users

While payments between account holders are free, there are some fees when transacting with a bookie. When making payments with this e-wallet to a bank account or something similar, you can expect a fee of up to 2% of the amount you’re paying. If it also involves currency conversion, then you might experience a fee of up to 3.5% and a cross-border fee of up to 1.8%.

Knowledge of this fee is crucial, as the bookmaker’s payment processing company might not be in India as you are when betting. Further, if you have a Mastercard with this brand, you must pay an annual fee of $29.95 (₹2,462). Additionally, if you withdraw in a different currency, then you can have a fee of up to 2%.

Overall, Payoneer is not the cheapest way to deposit or withdraw your funds at a bookmaker, which is another reason why you might find it easier to use an alternative method.

Betting Sites Deposit and Withdrawal Limits

Betting sites often set deposit and withdrawal limits on the platform, but they can range depending on the bookie. The average minimum deposit limit is $10 (₹822), but it can sometimes be lower or higher. It would be best to remember that different payment methods can have other limits. Regarding the maximum deposit, it varies between bookmakers, with some not setting a limit at all.

The withdrawal limits generally have the same minimum amount as the deposit, but they can sometimes be higher, at $20 (₹1,644). The bookie generally restricts the maximum limits at the platform to daily, weekly, and monthly amounts. The average monthly withdrawal limit is between $50,000 (₹4,111,275) and $100,000 (₹8,222,550).

It’s also vital to remember that if you don’t follow these limits or the payment processor’s limits, then they can reject your withdrawal request. Depending on the bookie’s process, this rejection will increase the general payout times from two to five days, to seven days or longer.

FAQ

  • Can I use Payoneer on betting sites in India?

    While some betting sites allow Payoneer, it’s not actually a legal method for making gambling deposits and withdrawals. Using another payment system is generally better, but that doesn’t mean you can’t use it at select bookmakers.

  • What are the fees for gambling with Payoneer?

    Payoneer will have various fees you must pay if you deposit using it, along with a currency conversion fee if you must convert from the bookmaker’s currency to rupees. These fees range between 1.8% and 2% of the transaction.

  • What is the minimum deposit with Payoneer on betting sites?

    It depends on the casino, but most have a minimum deposit between $10 and $20. Although, some have lower limits, like $5 (₹411), while others can go up to $30 (₹2,466). Payoneer might also have limitations, like the “Make a Payment” service, which has a minimum of $50 (₹4,111).

Rakesh Nadkarni