MobiKwik is a payment method that has gathered more than 100 million users (in 2019) and is aiming for 250 million in the next few years. No wonder there are more and more MobiKwik casinos, the ones that not only offer this popular transaction method, but also some attractive games, features, and lucrative bonuses that can boost your playing potential.
Want to know more about everything related to gambling while using this payment method? Stick around and read our guide full of useful advice and interesting facts.
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How to Use MobiKwik in Online Casinos
Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik was one of the first Indian mobile payment companies, that was the leader of the revolution that has continued to this day. Whether you have already found your MobiKwik casino, or are just looking for one, our guide will (hopefully) help you understand how the entire depositing and withdrawing thing works.
How to Sign Up
You can sign up with MobiKwik via a mobile app or desktop interface. Please keep in mind that the sign up with one of the MobiKwik casinos is a completely separate process, that takes place on the casino site. Here is how to complete the MobiKwik registration:
- Visit the website or download the app
- Enter the phone number and get the OTP
- Fill out the registration form with information MobiKwik asks of you
And that’s it! Now all you need to do is simply top it up with some money.
To make a deposit at any of the MobiKwik casinos, you first have to make a deposit with the payment method, and only then make the money transfer to the casino. The minimum MobiKwik deposit is INR1, but keep in mind most casinos have their own deposit limit. To transfer the money simply enter the amount you want to add to the wallet, and then choose either your bank account or credit card as the source of money. authorize the transaction and you are good to go!
To deposit money at the casino, simply click the Deposit button, or visit Cashier, enter the deposit amount, choose MobiKwik as the payment method and submit. the money should be on your gaming account within a second or two.
The withdrawal process will start at the casino of your choice from our MobiKwik casinos list. Head over to the cashier and click the Withdrawal button or tab. Then, enter the amount you want to cash out. this amount cannot be lower than the minimum withdrawal limit set by the casino operator. Choose MobiKwik from the list of payment methods, and then simply wait for the company to process your request. The money will be added to your MobiKwik balance, and you can use it from there, or transfer it to your credit card or bank account.
The minimum deposit to the MobiKwik account is INR1, but the minimum deposit at most MobiKwik casinos ranges from $5 to $20, which can still be considered budget-friendly.
Additional Fee and Withdrawal Time
MobiKwik is known to be very fast and efficient, but please understand how casinos usually have their own sets of rules that can affect the withdrawing time. For instance, you might have to verify your account or wait for a certain pending period. Still, in most cases, it won’t be longer than 3 working days. If you want to transfer money from your wallet to your bank account once the withdrawal is completed, you will have to pay 3.45% + GST of the transaction amount. Also, keep in mind that the casino might charge you some processing fees, but usually doesn’t.
Pros and Cons
Now, let’s take a look at our list of all the good and bad sides of using MobiKwik.
- Accessibility – you probably already own and use this e-wallet, and if you don’t it is not complicated to install it
- Mobile and desktop – you can use it from your smartphone or computer
- INR as basic currency – there are no foreign exchange rates that eat all your winnings
- A low number of MobiKwik casinos – compared to some more traditional methods, the number of such establishments is still limited
- Fees – you will have to pay a fee for transferring money back to your bank
Other MobiKwik Features
If you are wondering what sets this payment provider from other similar companies, keep in mind that it offers you some interesting cashback, special deals with big brands, paying utility bills, and easy recharge.
MobiKwik in India
Indian online gaming industry is blooming so no wonder many operators decide to include as many payment methods, including MobiKwik. Also, the fact they focus on local banking providers opens the doors to the hearts and minds of many Indians who hesitate from using global payment methods and direct money transfers that discover all their banking details.
Even though Indian authorities are still struggling to figure out how to regulate online gaming, there are no restrictions on using methods like MobiKwik to make deposits or withdrawals. Remember, some countries, like the UK, interfere with what types of transactions you can use, so we can say that despite all its flaws, the Indian regulatory framework is still quite liberal and open to innovations such as e-payments. All MobiKwik customers can place bets with money deposited from this wallet without any restrictions or special requirements, outside those imposed by the casino itself.
Don’t think this is the right payment for you? Don’t worry – here are some alternatives:
- Credit and debit cards – for even more direct money transfers, you can always use your credit card or debit card
- Online vouchers – vouchers and even prepaid cards guarantee discreet and safe money transfers without much hassle
- International e-wallets – if you don’t trust local payment methods, focus on global ones like Skrill and Neteller. They often offer debit cards you can use on any ATM for a small fee