In India, online casino platforms have gained significant popularity, and many users prefer using credit cards for transactions. However, it\“s important to understand the associated fees. Typically, Indian banks and financial institutions charge a processing fee for credit card transactions on online casinos, which can range from 1% to 3% of the transaction amount. This fee is often imposed due to the high-risk nature of gambling transactions.
Additionally, some banks may classify these transactions as cash advances, leading to higher interest rates and immediate accrual of charges. To avoid surprises, users should check with their bank about specific fees and policies. Alternative payment methods like e-wallets or UPI might offer lower fees, making them a cost-effective choice for Indian players engaging in online casino activities. |
