India’s preferred payment method at the moment is UPI. You may use UPI to pay for everything, including groceries, online purchases, and meal delivery. Did you know that a lot of sportsbooks in India have begun to accept UPI payments? It makes it convenient and simple for bettors to instantly deposit money into their accounts.
When you forget to top up your account in time for a live match, UPI can help. It eliminates trying to remember long sequences of digits and frustrating waiting. This article is a quick guide on why UPI betting sites are the best.
Unified Payments Interface, or UPI, is a relatively new way to send money online fast, securely, and on a variety of devices. The majority of Indian betting apps now accept UPI payments for deposits and withdrawals.
Several different apps allow UPI payments. They let you safely transfer money between two banks utilizing mobile devices and are governed by the Reserve Bank of India. In this article, we’ll go through UPI payments and withdrawals in-depth, as well as pertinent apps, websites that accept bets, and UPI usage advice.
How to Use UPI to Deposit Money to a Betting Site?
To get the recipient’s VPA, you must use UPI to deposit money online at a betting site (UPI ID). Here is a step-by-step breakdown of the straightforward UPI deposit process for betting sites.
Although each site will have a unique user interface, in general, the deposit procedure will resemble the following:
- Access your betting account by logging in.
- To enter the deposit screen on your betting website, click the Wallet symbol. Choose the welcome bonus if there is one.
- Choose UPI as your preferred payment option from the drop-down menu.
- Hit the Deposit button to pay after entering the deposit amount in the dialogue box.
- Activate the UPI payment app. You should be able to find the payment request there.
- You should get a success message as soon as the payment is finished. The amount is displayed in your dashboard.
Betting Account: Money Withdrawal
- Log on to one betting account.
- On the Cashier page, select the “Withdraw” option.
- Your desired payment option should be UPI.
- Enter the desired withdrawal amount naturally within the account balance.
- Verify the withdrawal by opening your UPI app.
- The money appears in your bank account within a couple of days.
Facts: Using UPI on a betting site
- There aren’t any transfer charges.
- Normally, processing takes five to ten minutes.
- The minimum deposit is INR 1,000.
- The maximum you can deposit is INR 100,000.
- It is a reliable mode of payment, and the RBI safeguards customers.
- Almost no transaction fees
- In most circumstances, you can send or receive money directly from your bank account. Transactions can be made in INR. Indian users are targeted via UPI apps. The days of feeling like a pariah at online bookmakers that only accept dollars or euros have passed.
- Unlike with Skrill and Neteller, you don’t need to preload a wallet.
- Multiple bank accounts could be used with UPI.
The amazing thing is UPI Betting transactions usually happen quickly. However, some users might think the transfers take a while. Some betting sites, especially those that are international, may take some time to verify UPI payments.
Additionally, KYC and a few other steps are required during the first UPI account setup process. UPI is a less complicated way to make deposits and withdrawals after you’ve gone through the initial setup process, though.
However, keep in mind that some websites might prevent you from making withdrawals via UPI. You may use UPI to deposit in certain circumstances, but Netbanking to withdraw.
Not all Indian banks accept UPI. However, the vast majority of the country’s major banks fall into this category. Since the payment option was introduced in 2016, its use has increased manifold.
Best UPI Payment Apps
- Google Pay
There are other UPI apps that your bank may or may not support, including Mi-Pay, Amazon Pay, Samsung Pay, WhatsApp Pay, etc.
Is UPI System Safe?
The Reserve Bank of India regulates and the government supports the UPI payment system. It was created by the National Payment Corporation of India. This indicates that there is no more secure method of payment than UPI. Secure payments are guaranteed by robust encryption and two-factor authentication.
Few Popular Indian UPI betting sites
- Fun88 India
International UPI betting sites
- Royal Panda
Skrill with UPI
Now, Indian players can fund their Skrill accounts using UPI payments. Skrill’s benefit is that you can use it on websites that accept Skrill payments but not UPI directly.
Neteller with UPI
Neteller is another e-wallet that has competed head-to-head with Skrill for several years. Now, bettors can quickly and securely deposit and withdraw funds from betting accounts on Indian betting sites by linking their UPI accounts to their Neteller wallets.
For bettors, UPI betting has made life simple.