Many Indian players prefer using MobiKwik as their payment method at online casinos. With over 100 million users, it's gaining popularity among gaming platforms. Whether you're new to MobiKwik or considering it for your gaming needs, this guide aims to provide easy-to-understand information to help you make the right choice. Let's see how Mobikwik Casino works.
What is MobiKwik
MobiKwik was started in 2009 by Upasana Taku and Bipin Preet Singh. Since then, it has grown a lot and now offers many services on mobile phones. In India, it's one of the most popular ways for people to do banking on their phones. People use it to pay bills, recharge their phones, buy bus tickets, and even manage their money. Plus, it's also used for transferring money and putting money into online casino accounts.
How Does MobiKwik Work
Using MobiKwik is pretty simple, especially if you've used digital wallets before. Basically, you create a wallet and put money into it. You can add money by transferring it from other places, like credit or debit cards. You can also convert loyalty points into cash and add them to your wallet. After that, you can use MobiKwik to pay for things or take out cash, even at MobiKwik casinos.
How To Deposit At MobiKwik Casinos
To deposit funds at a casino using MobiKwik, follow these steps:
- Sign Up for MobiKwik: Begin by creating a MobiKwik account and adding funds to it.
- Find an Online Casino that Accepts MobiKwik: Locate a casino that allows deposits via MobiKwik. You can choose from recommended platforms or explore others.
- Register at the Casino with MobiKwik: Once you've chosen your MobiKwik-friendly casino, register for an account there.
- Select MobiKwik as Your Deposit Method: After logging in to the casino, navigate to the Cashier section and choose MobiKwik as your preferred deposit method. Then, proceed to deposit funds into your casino account.
How Do I Deposit Using MobiKwik
To deposit using MobiKwik, follow these steps:
- Create a MobiKwik Account and Add Funds: Start by registering for a MobiKwik account and funding it with cash.
- Choose a Casino that Supports MobiKwik: Find a reputable casino that accepts MobiKwik deposits and create an account there.
- Navigate to the Cashier Section: Once logged in to your chosen casino, go to the Cashier or Deposit section.
- Select MobiKwik as Your Payment Method: Choose MobiKwik from the list of available payment options.
- Enter Deposit Amount and Confirm: Input the desired deposit amount and follow the prompts to confirm the transaction.
Security Of MobiKwik
MobiKwik is a trustworthy payment system with strong security measures. It's approved by the Reserve Bank of India and is widely used across the country, which speaks to its reliability. Moreover, MobiKwik employs advanced TLS technology and AES 128-bit encryption to ensure that all your data stays safe and secure.
What Are The MobiKwik Deposit Limits
The deposit limits for MobiKwik vary depending on the type of KYC Wallet you have. For the basic KYC account, the monthly deposit and withdrawal limit is INR 10,000, with a yearly deposit limit of INR 120,000.
On the other hand, a full KYC Wallet allows for higher limits. It has a maximum monthly limit of INR 200,000 for pre-registered beneficiaries and INR 10,000 for other cases.
Can I Claim MobiKwik Bonuses
If your MobiKwik casino offers bonuses or promotions, then certainly! We recommend you always review the casino you're playing at to see what bonuses are available. Generally, casinos that accept MobiKwik tend to offer various bonuses or even VIP systems.
How To Withdraw From A Casino Using MobiKwik
To withdraw from a casino using MobiKwik, follow these steps:
- Navigate to the Online Casino Cashier: After finishing your gaming session at a MobiKwik-supported casino and accumulating winnings, access the Cashier or Withdrawal section.
- Choose MobiKwik as Your Withdrawal Method: From the list of available withdrawal options, select MobiKwik.
- Specify the Withdrawal Amount: Enter the amount you wish to withdraw from your casino balance. Review the transaction details for accuracy.
- Confirm the Withdrawal: Once you're satisfied with the withdrawal details, confirm the transaction to initiate the withdrawal process.
- Await the Withdrawal Processing: Your withdrawal request will be processed by the casino. Depending on factors such as the casino's policies and transaction processing times, your funds should soon be added to your MobiKwik wallet.
- Enjoy Your Winnings: Once the withdrawal is processed, you'll see your winnings reflected in your MobiKwik balance, ready to be used or withdrawn further as desired.
How Do I Withdraw Using MobiKwik
To withdraw funds using MobiKwik, follow these steps:
- Accumulate Winnings at MobiKwik Casinos: Play games and win money at casinos that support MobiKwik payments.
- Access the Cashier Section: Once you've accumulated winnings and wish to withdraw, navigate to the Cashier or Withdrawal section of the online casino.
- Choose MobiKwik as Your Withdrawal Method: From the list of available withdrawal options, select MobiKwik as your preferred method.
- Specify the Withdrawal Amount: Enter the amount you want to withdraw from your casino balance. Double-check the details before proceeding.
- Confirm the Transaction: After confirming the withdrawal amount, proceed to confirm the transaction. This will initiate the withdrawal process.
- Await Withdrawal Processing: The casino will process your withdrawal request. Depending on various factors, such as the casino's processing times and MobiKwik's policies, the withdrawal may take some time.
- Receive Your Winnings: Once the withdrawal is processed, your winnings will be transferred to your MobiKwik account. You can then use the funds for further transactions or withdraw them to your bank account as needed.
How Fast Are MobiKwik Withdrawals
Withdrawals with MobiKwik typically take up to two business days, although often transactions are processed faster than that. The speed of withdrawal also depends on other factors such as the platform you're using, the day of the week, the location of the casino, and your own location.
MobiKwik Casino Transaction Times And Fees
Most of the time, deposits with MobiKwik are instant, while withdrawals typically take from a few minutes to up to two days, although the latter is rare. The transaction speed also varies depending on the MobiKwik casino you're using.
MobiKwik does not charge fees for deposits, but there is a 3.45% fee for withdrawing cash from your MobiKwik wallet.
Fees And Commissions
Opening a MobiKwik account doesn't incur any fees, but if your account stays inactive for more than a year, you'll face a maintenance fee of INR 153.40 or more. The longer the inactivity, the higher the fee. You can find a detailed list of fees in the Terms and Conditions section on MobiKwik’s website.
Depositing funds into your MobiKwik account or transferring money between wallets is fee-free. However, a 3.35% fee applies when transferring funds from your wallet to a bank account.
Deposit And Withdrawal Times
Deposits made with MobiKwik are typically instant or may take just a few minutes, depending on the amount deposited and the MobiKwik casino used.
On the other hand, withdrawals can be slightly slower, ranging from a few minutes to several hours, or even up to two business days.
How To Play In A Casino For Real Money Using MobiKwik Wallet
Here's a step-by-step guide on how to play in a casino for real money using your MobiKwik wallet:
1. Register For A MobiKwik Account
Begin by creating a MobiKwik account. You can do this by visiting the MobiKwik website and clicking on the 'Sign Up' button, or you can register through MobiKwik's official app.
2. Choose A Casino And Make A Deposit
Once your account is set up, decide on the MobiKwik casino where you want to play. After selecting a casino, set up your account there and choose MobiKwik as your payment method to make a deposit.
3. Start Playing
Now, you're ready to start playing your favorite games. Play as much as you like, and when you've accumulated some winnings, you can proceed to withdraw them.
4. Withdraw Your Winning
To withdraw your winnings, navigate to the Cashier section of the casino. Choose MobiKwik as your preferred withdrawal method, follow the prompts to cash out, and then enjoy your winnings!
Using MobiKwik in Online Casinos
MobiKwik introduced its e-wallet service in 2012, which has become one of its most popular payment options. Through this service, customers can make online money deposits and utilize their funds for various purposes, including online casino deposits. To avail of this service, interested customers need to register on the MobiKwik platform and install the e-wallet on their mobile devices. Once installed, depositing funds at online casinos takes just a few minutes for the transactions to be processed. The MobiKwik app is accessible for both Android and iOS portable devices, providing convenient access to the e-wallet service.
Conclusion
In summary, MobiKwik stands out as an excellent payment system, offering top-notch service and swift transactions. Its user-friendly interface and reliability make it a preferred choice for many. Additionally, the availability of an official app adds to the convenience factor. Considering the abundance of reputable MobiKwik casinos, it's a viable option for both gambling and other types of transactions.
FAQ
Where is MobiKwik available?
MobiKwik operates primarily in India, where it was founded.
What can I do with my MobiKwik digital wallet?
With your MobiKwik digital wallet, you can perform various tasks such as funding your online casino account, transferring money, paying bills, recharging your mobile, purchasing bus tickets, and more.
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What Are Loyalty Points At MobiKwik And How To Get Them?
MobiKwik offers a Loyalty system where users accumulate points by using the platform. Once you accumulate enough points, you can redeem them for cash.
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Is There A MobiKwik App?
Yes, MobiKwik has an official mobile application available for download on both the App Store and Google Play Store, providing users with added convenience.
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Does MobiKwik Accept Crypto?
No, MobiKwik does not currently support cryptocurrency transactions.
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What Happens If I Close My MobiKwik Account?
If you choose to close your MobiKwik account, any remaining balance in your wallet will be transferred to your linked bank account.
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