Betting Sites Payment Option: UPI Betting Review
UPI Betting Betting has become a popular sport in India. There are millions of people who use online betting platforms to bet on sports as well as play online casino games.
However, in order to take advantage of online betting platforms, you need to use an online payment system. You need money in your betting account to place bets.
This is where the online payment system comes into the picture. You will get different payment options with different betting sites.
Out of all these options, UPI is the most popular one. Unified Payments Interface has become an integral part of digital wallets and online payment system.
The majority of the betting sites provide UPI payment option. You can use it to deposit as well as withdraw funds from your betting account.
If you want to know more about UPI betting and UPI betting review, follow below this.
What is UPI?
UPI persists for Unified Payments Interface. The following is an initiative taken by the Indian government to make digital payment systems easier and more accessible.
This real-time payment system helps you to directly transfer funds from one bank account to another with the help of your smartphone.
National Payments Corporation of India has made huge efforts to simplify the online payment system in Indian by developing this platform.
Popular digital wallet applications like PhonePe, GPay and Paytm use UPI for transferring funds. You can use it to send as well as receive money.
In order to use UPI, you need to create a UPI ID and UPI Pin. The ID contains your registered mobile number with your bank account. In order to use UPI, you need to use this ID and enter the Pin.
However, there are limits on the transaction. When you use UPI for betting, you need to check the minimum and maximum limits to send and receive funds.
UPI Betting Sites in India:
Betting sites which provide UPI option to deposit as well as withdraw money is known as UPI betting sites. With the advent of the UPI payment system in 2016, the number of digital transactions has increased considerably.
The majority of Online casino India provide this option to the users to easily transfer funds directly from their bank account to the betting account.
Fun88, Betway, 10Cric, Funbet, 22BetIndia and Casumo are some of the UPI betting sites in India. If you want to use UPI for betting, you can simply check our UPI betting review.
It will help you to learn more about UPI betting and show you how to deposit as well as withdraw money using this option.
How to Deposit at Betting Websites with UPI?
If you want to use the UPI payment option to deposit money in your betting account, follow these steps.
- Step 1: Download BHIM App
The first thing you need to do is download the BHIM app on your smartphone. It stands for Bharat Interface for Money. You can download this app from Play Store or App Store.
- Step 2: Link Bank Account
Now, you need to link your bank account with UPI. You just need to enter the bank details as well the mobile number registered with the account. You will get an OTP on the number to link the account.
- Step 3: KYC
After that, you need to complete the KYC process. Enter all the details correctly and set your six-digit UPI Pin. It will help you to authenticate all the transactions.
- Step 4: Virtual Payment Address
Once you have your Pin with you, it will help you to generate a virtual payment address. You can use it to receive and send money.
- Step 5: Sign In to Betting Account
Now, you need to sign in to your betting account to deposit money. You need to go to the deposit page to deposit money.
- Step 6: Choose UPI
After reaching the deposit page, you need to choose the UPI option from all the other payment options. You need to enter your virtual payment address as well.
- Step 7: Choose Amount
Now, you need to enter the amount you want to deposit in your betting account.
- Step 8: Proceed to Pay
In this step, you need to click on Proceed to Pay and enter your six-digit UPI Pin to authenticate the transaction. Once the transaction is complete, you will get the funds in your betting account.
How to Withdraw from Betting Websites with UPI?
You can use UPI to withdraw money from your betting account. However, you need to check the withdrawal limit. In some banks, the limit is 10,000, and in other banks, it is 1,00,000. You also need to check the daily withdrawal limit.
Once you know the limit, you can follow these steps to withdraw money.
- Step 1: Sign In to Betting Account
You need to sign in to your betting account and go to the withdrawal page.
- Step 2: Choose UPI
After that, you need to choose the UPI option and enter your virtual payment address.
- Step 3: Enter Amount
Now, you need to enter the amount you want to withdraw from your betting account.
- Step 4: Withdraw/ Transfer
After that, you need to click on withdraw or transfer option and enter your UPI Pin to complete the transaction.
Advantages of Using UPI for Depositing Money in Betting Account?
There are many advantages of using UPI betting sites. Here are some of the benefits of using it.
- No Processing Fee
You don’t have to pay any processing fees to transfer funds using UPI.
- Fast Transaction
It helps you to instantly transfer funds from your bank account to your betting account.
- Real-Time Transfer
It supports real-time funds transfer. You can easily transfer funds from, and to your bank account anytime you want.
- Safe and Secure
- Multiple Accounts:
You can link multiple bank accounts with UPI and use it to deposit and withdraw money.
UPI Betting FAQ:
- Do you need to preload your UPI wallet to deposit money in your betting account?
No, there is no need to preload your wallet. You can directly use the money from your bank account.
- Is it safe to use UPI for depositing money in your betting account?
- Are there any transaction limits with the UPI payment option for betting?
Yes, there are the minimum and maximum deposit as well as withdrawal limit set by your bank. You need to check the limit with your bank.