RazorPay Casinos - Safe Deposit

Say goodbye to the days of depending solely on bank transfers and cash on delivery. With the rise of e-commerce and the decline in card transactions, it has become crucial to accommodate digital payment options. Razorpay, an online payment gateway, provides users based in India with a hassle-free and secure way to accept payments and make deposits online. However, handling online deposits comes with great responsibility - such as ensuring that an online transaction is safe, reliable and user-friendly.

Luckily for you, we have taken the time to put together everything you need to know about Razorpay, its services offered, Razorpay online payment methods, and more! Listed below are also the top-rated casinos that accept Razorpay as a deposit method. Let us take a look.

What is Razorpay?Depositing with Razorpay at an Online CasinoHow to Make a Withdrawal with RazorpayRazorpay Processing Fees and TimesWhere is Razorpay accepted?Top Bonuses with RazorpayHow to Choose the Right Deposit MethodRazorpay Account Opening ProcessSafety and Security Using RazorpayDiscover Other Deposits
Emily Thompson
Written byEmily ThompsonWriter
Researched byPriya PatelResearcher
Localised byPriya SharmaLocaliser
What is Razorpay?

What is Razorpay?

Razorpay is the only cloud-based solution in India designed to process, accept and disburse payments through vendor payouts and payment gateways. With its headquarters based in the city of Bengaluru, this mode of payment is only available in the Indian region and was founded by the group of IIT Roorkee alumni in 2014.

Razorpay is considered to be the ‘middleman’ or an in-between payment mode that combines more than one banking system. It enables businesses to accept payments through various forms of transactions. In a nutshell, this payment system allows for different banks and wallets to be connected to it, making payments easier for everyone in India. This means that your depositing and withdrawal options are endless. You can deposit and withdraw money using Debit Card; Credit Card; Netbanking; Unified Payments Interface (UPI); Equated Monthly Installments (EMI); Cardless EMI; Bank Transfer; Emandate; Pay Later and various e-wallet providers.

Apart from the payment gateway, Razorpay provides additional features and benefits for companies and small businesses alike, such as providing the merchant with an opportunity to automate bank transfers, invoices, and offering over 100 payment and withdrawal methods.

What is Razorpay?
Depositing with Razorpay at an Online Casino

Depositing with Razorpay at an Online Casino

Due to its payment gateway model and extensive range of payment services available, there are multiple ways in which consumers can make casino deposits or online transactions through businesses who accept payments using Razorpay. These include making casino deposits using well-known payment methods such as Debit Card, Credit Card, Netbanking, UPI, EMI, Cardless EMI; Bank Transfer; Emandate; Pay Later and e-wallet providers. If you are interested in learning how to make a casino deposit in detail by using any of these well-known payment services through Razorpay casinos, we suggest you read up on the various deposit methods for more information.

Nonetheless, here is a generic step-by-step guideline on how to make deposits with online casinos who accept payments through Razorpay:

  1. Create an account on the Razorpay casino site.
  2. Make your way to the deposit payment section.
  3. Open the Razorpay payment screen on the website you want to make a deposit on.
  4. Select which payment method you would like to use in order to process your payment. (e.g. Debit Card, Credit Card, e-wallet etc.)
  5. Thereafter, choose which service provider you would like to use under whichever payment method you have selected.
  6. A detailed payment page will appear, prompting you to fill in the empty fields provided.
  7. Make the desired deposit, and after a period of time the money will be credited to your game account.

Daily deposit limits

Since Razorpay hosts various online transaction solutions through their comprehensive payment gateway, the daily deposit limits will vary depending on which type of payment method is used. For an individual explanation of each payment services' daily deposit limit, we recommend reading up on the various deposit methods for more information. By being in the know, you will be equipped with knowledge of the exact capped amount of money you can deposit during casino deposits while ensuring that you have a positive gambling experience. In addition to this, we have set out each payment type Razorpay provides to customers with its overall deposit limit:

  • Netbanking - ₹5,00,000
  • Cards (Debit and Credit) - ₹5,00,000
  • UPI - ₹1,00,000
  • Wallets - For non-KYC Merchants: ₹10,000; For KYC Merchants: ₹1,00,000
  • PayLater - ICICI Bank PayLater: ₹30,000; GetSimpl: ₹30,000; FlexiPay by HDFC Bank: ₹60,000 (Minimum limit: ₹2,000)
  • PayPal - As per the communicated limit of your PayPal account (usually USD 10,000 for a verified PayPal account)

Please note that additional minimum deposit limits can be added by the Razorpay online casino. This will, however, be communicated in the various online casinos' terms and conditions.

Depositing with Razorpay at an Online Casino
How to Make a Withdrawal with Razorpay

How to Make a Withdrawal with Razorpay

Razorpay has numerous features and online payment methods available that makes it one of the most convenient, reliable and user-friendly payment gateways for casino deposits. However, due to the payment gateway model, withdrawing directly from Razorpay is not possible unless you make use of their Cash Advance feature - a self-serve loan portal offering low-interest short-term loans. Players are advised to select the alternative methods for withdrawal, such as the transaction options hosted by Razorpay. This includes Credit and Debit cards, Netbanking and e-wallets services.

Daily withdrawal limits

The withdrawal limits per 24 hours will vary depending on which type of payment method is used. For a detailed explanation of each payment service's daily withdrawal limit, we recommend reading up on each of the various deposit methods for more information.

How to Make a Withdrawal with Razorpay
Razorpay Processing Fees and Times

Razorpay Processing Fees and Times

As we know, Razorpay aims to provide customers with a hassle-free, safe and comprehensive service to accept payments and process transactions online. However, due to restrictions from banking partners, there are various processing fees and processing times per payment method that have been put in place. Let us take a closer look at this:

Razorpay online payments fee

As it currently stands, the Razorpay business has been developed in a way that consumers do not pay any fees for processing payments through Razorpay. However, players need to be cognisant of the fact that fees may be applied depending on which payment method is used through the Razorpay gateway. In addition to this, the online merchant, company or business that integrates Razorpay as a transaction service can expect fees to be applied. Razorpay charges 2% per transaction as well as an 18% Goods and Services Tax (GST) fee for businesses who have an annual turnover of over ₹20 lakhs.

Transfer processing times

Due to Razorpay's payment gateway model, transferring money will result in different processing times depending on the type of payment method used. Most casino deposits will be processed and credited to your account after a relatively short period of time. We advise players to read up on the various deposit methods for more information on processing times and additional features.

Withdrawal processing times

Withdrawal processing times also vary and will depend on your preferred method of payment. Bank Transfer withdrawals and Debit and Credit Card withdrawals are subjected to longer waiting periods that can take anywhere between 5 business days to 2 weeks. On the contrary, e-wallet withdrawals are much faster than other payment services - paying out within 24 to 48 hours from your initial request.

Razorpay Processing Fees and Times
Where is Razorpay accepted?

Where is Razorpay accepted?

As mentioned before, Razorpay is only supported in India and seems to be quite popular considering that it is used by nearly one million customers. Its popularity comes down to its simple interface, rich features and it being the only solution in this region designed to process, accept and disburse payments through vendor payouts and payment gateways. Razorpay understands that its individual customers, small businesses and larger corporations would, at one stage or another, need to process multiple currencies in a hassle-free way. This is why the payment gateway has allowed users to accept payments online in various supported international currencies - all while conducting real-time currency conversion using the exchange at the time of payment. As it stands, Razorpay supports a host of over 100 foreign currencies including INR, USD, EUR and SGD - ensuring that it has extensive global reach. It is important to note that international payments are settled in Indian Rupees.

Where is Razorpay accepted?
Top Bonuses with Razorpay

Top Bonuses with Razorpay

Online casino bonuses are rewards players receive for doing specific tasks in a casino. It is a way for casinos to attract and retain players. Bonuses are a great way to enhance your playing budget, but it is important to remember that they are not exactly free money. All bonuses are subjected to certain terms and conditions, as well as wagering requirements. Each casino has different bonus terms in place, which we outline in our Indian online casino reviews. General bonus-related tasks include but are not limited to signing up, making deposits, playing loyally and referring to new members. It is important that players know what type of casino bonuses they can expect before joining in on the gaming experience. Players based in the Indian region can also expect a series of bonuses at most online casinos. This includes welcome bonuses, free spin bonuses, reload and cash-back bonuses, and even the occasional no deposit bonus. Unfortunately, it is not common to find online casinos that issue deposit bonuses at this stage, which means that it will be rare to find an online casino that issues a deposit bonus with Razorpay too.

Top Bonuses with Razorpay
How to Choose the Right Deposit Method

How to Choose the Right Deposit Method

It is evident as to why Razorpay is considered to be one of the most hassle-free and comprehensive ways of conducting payments online in India. However, it is important to note that there are many factors to consider during the process of choosing the best deposit method. Selecting the right deposit method is critical to ensuring a positive online casino experience. Let us take a look at three key indicators to look out for when choosing the right deposit method for you:

Multi-currency support

The currency in which you are able to process your money is more important than you might imagine. Making sure that funds remain in Indian Rupees throughout the transaction process makes the payment experience hassle-free. In addition to this, having a payment provider that allows you to sit back, relax, and not worry about conducting exchange rate conversions is also a big indicator to look out for.

User-friendly interface

Online casino deposit methods need to be easy to use. If they are complicated to navigate, it will take a long time to use them, and as a result, users simply won’t. Good online gambling payment methods and gateways should be comprehensive enough but understandable and simple at the same time.

Security

No matter which online payment method you use, the internet opens users up to a variety of security threats. By gambling online, users need to share personal and financial information in order for deposits to be made. Whether you are using a payment gateway or provider, it is crucial that trusted, licensed and highly secured payment methods are used to keep private information safe and keep any transaction free from fraud.

Bearing this in mind, here are the pros and cons of using Razorpay for casino payments.

Pros

  • Over 100 trusted payment modes available
  • Multiple currency assistance
  • Payment Card Industry Data Security Standard (PCI-DSS) compliant
  • No account opening process needed
  • User-friendly interface

Cons

  • Only available in India
  • No deposit bonuses available
How to Choose the Right Deposit Method
Razorpay Account Opening Process

Razorpay Account Opening Process

The responsibility of opening an account with Razorpay does not fall on customers. Instead, integration and connection of Razorpay as a payment service option is up to the online merchant or business. Once Razorpay has been made available as a method of paying for players, all that is needed to be done is for users to enter the Razorpay transaction screen, select the preferred payment method, fill in the empty fields provided, and finally process the desired deposit amount. In addition to this, players would need to adhere to the age limits required to open an online banking or e-wallet account with whichever service provider you choose to process your transaction with. Make sure to get to know about the various age restrictions of your payment provider by visiting their website for more information.

Razorpay Account Opening Process
Safety and Security Using Razorpay

Safety and Security Using Razorpay

Since Razorpay is a cloud-based payment gateway solution that uses over 100 most-trusted payment providers, Razorpay itself can be identified as a highly secured and safe business. Razorpay is known to be a good choice for online casino deposits as all transfers are protected by the service - ensuring that customers do not need to worry about their money, personal or financial information, but instead can enjoy the games provided by the online casinos that accept payments through Razorpay. To top off, this payment gateway solution is PCI-DSS compliant - increasing its credibility in the safety and security space.

Security and safety aspects of Razorpay

Encrypted communication

Razorpay uses the highest assurance, Secure Socket Layer and Transport Layer Security certificates, which ensures that no unauthorized person can access customers' sensitive payment data over the internet.

Tokenization to prevent data exposure

This payment gateway solution replaces the customer's 16-digit card number with a token which replaces the original card number. Tokens are assigned randomly, making it extremely difficult for hackers to reverse-engineer the actual card number.

PCI DSS and ISO:27001 compliant

The PCI Council is an international body that sets out compliance regulations for managing cardholder data for all online payment systems.
The ISO organization has a membership of 164 national standards bodies. By being compliant within both of these standards, along with frequent third-party audits and a dedicated internal security team, customer data is always safe with Razorpay.

Safety and Security Using Razorpay
Discover Other Deposits

Discover Other Deposits

Razorpay has shown to be an ideal solution for making casino deposits and more due to its payments gateway features that allow for safe, convenient and user-friendly payments. But it is also important for customers or players alike to discover alternative deposit methods. By doing so, and by understanding how various online casino deposit methods compare against each other, gamblers can weigh the pros and cons of each to find the best casino payment method for them. Below is a list of alternative deposit methods for you to discover:

Skrill

Skrill is a digital wallet and known to be one of the most popular payment methods out there. Skrill offers a safe and secured way to manage your online transactions. With its increased popularity, many players choose Skrill to deposit winnings.

Neteller

Neteller is inarguably also one of the most popular e-wallets to date. This payment solution is one of the earliest and most successful payment systems at online casinos, and is still widely used by millions of players today.

Zimpler

Zimpler is a modern, reliable, and speedy payment solution that allows customers to link their operating bank accounts to the e-wallet and make deposits at online casinos that accept payments online through this mode.

Discover Other Deposits
About the author
Emily Thompson
Emily Thompson

Emily "VegasMuse" Thompson is a seasoned online casino enthusiast from down under. With a keen eye for details and an inherent knack for strategizing, she has turned her passion for the online casino world into a successful writing career.

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FAQ

Everything you need to know about casinos

What is Razorpay?

Razorpay is a cloud-based solution in India designed to process, accept and disburse payments through vendor payouts and payment gateways.

Can I trust Razorpay?

Yes. Razorpay provides customers with over 100 most-trusted payment providers. In addition to this, the payment gateway solution is PCI-DSS and ISO compliant, uses encrypted communication and uses tokenization to prevent data exposure.

Is Razorpay free?

To some extent. As it currently stands, the Razorpay business has been developed in a way that consumers do not pay any fees for processing payments through Razorpay. However, players need to be cognisant of the fact that fees may be applied depending on which payment method is used through the Razorpay gateway.

How long do Razorpay withdrawals take?

Withdrawal processing times vary and will depend on your preferred method of payment. Bank Transfer withdrawals and Debit and Credit Card withdrawals are subjected to longer waiting periods that can take anywhere between 5 business days to 2 weeks. On the contrary, e-wallet withdrawals are much faster than other payment services - paying out within 24 to 48 hours from your initial request.

Does Razorpay only support INR payments?

No. Razorpay has allowed users to accept payments online in various supported international currencies - all while conducting real-time currency conversion using the exchange at the time of payment. As it stands, Razorpay supports a host of over 100 foreign currencies including INR, USD, EUR and SGD - ensuring that it has extensive global reach. It is important to note that international payments are all settled in Indian Rupees.