Sports Betting in India: PhonePe Betting Sites
PhonePe Betting Sports betting is extremely popular in India.
Nowadays, most Indian bettors use online betting sites and apps to place bets without much hassle.
With the advent of online payment methods, you can easily deposit funds in your betting account and use it for placing bets directly from your home.
There is no need to handle physical cash for betting. Due to advancement in financial technology, you can easily use digital wallets to deposit as well as withdraw money from your betting account.
PhonePe is one of the most popular digital wallets in India. It is safe, secure and accepted by the majority of betting sites in India.
If you want to learn more about using PhonePe betting, follow this guide.
What is PhonePe?
PhonePe is a company that provides digital payment services. It is also a digital wallet app that you can download from Google Play Store and App Store on your smartphones.
With the help of this app, you can easily make mobile payments anywhere in India. It supports UPI, which helps you to quickly transfer funds from one bank to another.
You can simply download this app, register your account and link it with your bank account. You can use it to generate your UPI ID and use it to transfer funds with your phone number.
It is built using modern technology, which encrypts all your details. This wallet is extremely safe and secure. You can use PhonePe directly at various online and offline platforms.
It is widely used in the betting industry as you can instantly transfer funds. Most of the Indian betting sites offer PhonePe as a payment method. You can simply use it to deposit as well as withdraw funds from your betting account.
What are PhonePe Betting Sites?
These are betting sites in Indian which allow users to deposit and withdraw money using the PhonePe app.
With the growing popularity of the PhonePe wallet, many Online casino India sites are introducing PhonePe as a payment method.
There are many popular betting sites in India where you can use this wallet instead of using a debit/ credit card or bank transfer to deposit money.
PhonePe Betting wallet makes the deposit process easier as well as quicker. You can simply visit your betting account, click on deposit, choose PhonePe Betting, and enter your UPI ID and Pin to deposit money from your account or wallet.
Even though Google Pay and Paytm are more popular, PhonePe is slowly gaining traction in the betting industry.
Funbet, Melbet, 10Cric, 22BetIndia are some of the PhonePe betting sites where you will get this payment option.
How to Deposit at Betting Websites with PhonePe?
It is very easy to use PhonePe Betting for depositing money in your betting account. There is no need to enter your details every time you want to deposit money. Here are the steps you need to follow in order to use PhonePe for depositing money in your betting account.
- Step 1: Download PhonePe
If you don’t have PhonePe, you need to download it first. It is available on App Store and Play Store.
- Step 2: KYC Verification
Once you download the PhonePe app on your smartphone, you need to complete the KYC process. In this process, you need to enter your phone number first. After that, you need to enter your PAN or Aadhaar number for verification.
- Step 3: Add Bank Account/ Card Details
After KYC, you can simply add your bank account or your card details with PhonePe to make instant payment.
- Step 4: Sign In to Betting Account
Now, you need to sign in to your betting sites account to deposit money with PhonePe Betting . You need to go to the deposit page to deposit money.
- Step 5: Choose PhonePe
Once you reach the deposit page, you need to choose the PhonePe option from all the other payment options. You also need to enter the amount you want to deposit.
- Step 6: Redirect to PhonePe
After entering the amount, the page will take you to the PhonePe app on your phone. You need to enter your phone number to use the app.
- Step 7: Deposit Money
After reaching the app, you need to click on the deposit button. If there is no money in your wallet, you need to add money first. After that, you need to enter the OPT to complete the transaction. The money will be debited from your wallet and will be deposited in your betting account.
How to Withdraw from Betting Websites with PhonePe?
Apart from depositing money, you can also use PhonePe Betting to withdraw money from your betting account. It takes 24 to 48 hours for the money to reach your wallet. Follow these steps to withdraw money.
- Step 1: Sign In to Betting Account
You have to sign in to your betting account and visit the withdrawal page.
- Step 2: Choose PhonePe
Now, you need to choose PhonePe from all the payment options and enter the withdrawal amount.
- Step 3: Enter Credentials
In this step, you need to either enter your phone number or UPI ID
- Step 4: Enter OTP
Now, you have to enter the OTP to complete the transaction.
- Step 5: Transfer
Once you receive the amount in your wallet, you can simply transfer it to your bank account to withdraw it.
Benefits of Depositing with PhonePe for Betting?
There are many advantages of using PhonePe betting. Here are some of the benefits of using this option.
- No Transaction Fee
You don’t have to pay any transaction fees to transfer funds using this app.
- Fast and User-Friendly
It helps you to instantly transfer funds. This app is very simple and easy to use.
- Safe and Secure
There is a two-step authentication process to use this app which makes it pretty safe and secure.
- Multiple Accounts
You can handle more than one accounts with your PhonePe app. It helps you to link many bank accounts.
- Pre-Load Wallet
You can easily pre-load the wallet and use it instead of depositing money from your account or using your card.
PhonePe Betting Sites FAQ:
- Is it safe to use PhonePe for depositing money in your betting account?
Yes, it is safe to use PhonePe as all your details are encrypted, and there is 2 step verification process to use the app.
- How do you know if a betting site offers a PhonePe payment option?
You can simply visit the website and check the payment options. If PhonePe is given, you can use it.
- Is it necessary to complete KYC to use PhonePe for betting?
Yes, it is necessary to complete KYC verification, or else you will only get limited deposit and withdrawal functions.