The Best Betting Sites and Apps With UPI Deposit and Withdrawal Methods
Written by Sportcafe Desc.
Last Updated: .
The popularity of the Unified Payments Interface (UPI) has been growing every year since its release by the National Payments Corporation of India in 2016. In addition, the system is an enhanced version of the Immediate Payment Service (IMPS) with an updated application programming interface (API). ) to increase the speed of payment processing. Read the SportsCafe review to find out how to create a UPI ID in PhonePe and use the system for deposits and withdrawals at the best online betting sites.
Sites with The Best Choice of Deposit Methods
The Best Betting Sites With the Greatest Choice of Payment Methods in India
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Top 10 Betting Sites That Accept UPI as a Payment Method
The UPI method for transferring money processes around 2,348 transactions every second, showing a 75% increase in 2022 over the previous year. At the same time, the following top 10 cricket betting sites and football betting sites have already introduced the payment system:
You can also use the UPI method round the clock to make deposits or withdrawals, maintaining the same transaction speed.
Top 10 Betting Apps That Accept UPI as a Payment Method
One will also find the UPI method in football betting apps and cricket betting apps, thanks to the adaptability of the technology to different devices. Currently, the financial method is available in the following mobile applications:
- Parimatch App;
- 1win App;
- Melbet App;
- Dafabet App;
- MegaPari App;
- 888starz App;
- Mostbet App;
- Odds96 App;
- Indibet App;
- 1xbet App.
Each payment will contain a unique UTR code to see the status of the PhonePe UPI transaction by id anytime, making it easy to refund failed payments.
Benefits of Online Betting with UPI
The UPI financial platform is India's leading national online payment modernization to improve the security and speed of receiving or sending money. In addition, the system contains unique advantages for local players:
- Opportunity to track a deposit from initiation to receipt on your betting balance;
- It requires some seconds to complete the payment;
- Minimum deposit limit of 300 INR;
- Zero commission for topping the sportsbook wallets, etc.
Many Indian banks have also released UPI apps allowing you to perform transactions with a few taps on your mobile device.
Supported Payment Methods of UPI
You can find UPI in numerous payment services popular in India that focus on providing instant financial transactions for depositing or withdrawing funds. Thus, the following systems use UPI as one of the main payment methods:
- PayTM;
- Phone Pe;
- BHIM;
- MobiKwik;
- Google Pay and others.
The platform's open-source API allows providers to integrate the UPI algorithm into web-based and native betting interfaces without problems.
Advantages and Disadvantages of Payment Method for Betting
You can note the faster exchange of messages in UPI between the sender and recipient wallets compared to a traditional bank transfer. However, customers need to know both the advantages and disadvantages to see the possibilities of a payment method.
Advantages
- Widespread in India;
- Pin codes option to increase safety;
- No need to pay fees;
- Easy account verification;
- Indian rupee transfers, etc.
Disadvantages
- UPI daily payment limit of 1,00,000 Indian rupees;
- Getting a high probability of failure in case of a poor connection or slow internet speed, and so on.
3 Steps to Create an Account
Every new client wishing to use the UPI method must have an account with the possibility to transfer funds with minimum limits. The registration procedure to create a profile involves the following steps:
- Step 1: Enter the payment platform. Open PayTM, PhonePe or an official website of another financial system;
- Step 2: Provide the account details. Input the required data to get a profile;
- Step 3: Adjust the account settings. Enable necessary security options and add your bank accounts or e-wallets.
Moreover, each transaction system provides a brief guide on how to change the UPI PIN in PhonePe, BHIM or other platforms to reduce the risk of unauthorized access.
Other Betting Sites that Accept UPI
As per latest reports, the total volume of UPI payments will account for 86% of India's GDP in 2022, which will ensure stability in the electronic cash flow of various companies. Additionally, the below cricket and football betting platforms also actively offer this payment method:
The unified system processes financial transactions between residents of India, sending money abroad in cooperation with international partners if necessary.
Start Betting with UPI
UPI enables new customers to check whether money has arrived in the bookmaker's bank account to recharge their balance for placing bets or playing the first game. On the other hand, multi-bank access allows you to use several wallets through a single app.
Step-by-Step Guide of Opening a UPI Account
Configuring your UPI account correctly within the sign up process will allow you to perform transactions with any betting company. You need to follow the below instruction to receive a profile in about 4 minutes:
- Go to the financial platform. Enter one of the available payment systems, like PayTM, BHIM or PhonePe;
- Start the UPI registration. Click the sign up option;
- Indicate the required details. Type in your valid info about the name, date of birth and residence address and create a password;
- Complete the KYC Verification procedure. Confirm personal information in your account with scans of official documents.
Mobile apps to access your financial profile can secure the launch of the platform with specified biometrics.
Step-by-Step Guide of Funding Your UPI Wallet
You need to connect your e-wallets and bank accounts to your account to start enjoying the benefits of the UPI payment platform. It is essential to perform the following actions to use the funds within the system:
- Log in to your profile. Sign in to the UPI account;
- Open the account settings. Go to the balance options;
- Add some payment methods. Input the information for the UPI system of your credit or debit cards or bank account;
- Confirm the attachment. Agree to share bank details with UPI to save the details for future transactions.
The user must also own the specified bank account to eliminate problems with verifying payment information through bank statements or other exclusive documents.
Depositing with UPI
If you have chosen the UPI betting in the account options on the bookmakers' platforms, you must complete some actions to top up your wallet within a few seconds to start playing games or making sports predictions. During the payment process, the clients need to adhere to the following deposit procedure:
- Enter the betting profile options. Sign in to the sportsbook account to open the cashier;
- Select the deposit method. Select UPI to top up your balance;
- Pay the money. Send the specified amount of rupees to the recipient's specified account;
- Insert the UTR code. Input the payment identification code to confirm the transaction.
In addition, providing a unique tracking number in the UTR system will speed up the process of resolving financial issues with the bookies.
Withdrawing with UPI
The UPI betting sites can check the transaction status in the interbank system to ensure you have received a withdrawal. The brief guide below will show you the way to withdraw funds using the UPI method:
- Access your profile. Log in to the sportsbook account;
- Go to the payment options. Open the withdrawal settings;
- Choose the UPI payout system. Select the desired withdrawal method;
- Specify the banking details. Input the information of your wallet;
- Get the money. Most bookmakers will send you the money within 3 hours of your request.
At the same time, payment providers usually allow customers to change UPI IDs to obtain suitable transaction requisites.
Transaction Money from Indian Banks to UPI
Many Indian banks have already adopted the UPI money transfer method, offering the payment platform to customers for free. However, customers must keep the instructions below in mind to make payments:
- Open the payment platform. Enter your financial account in the system;
- Select the UPI to provide the transaction. Click on the UPI method to deposit your balance;
- Send the money via the platform. Indicate the UPI ID of the wallet in the bank payment;
- Deposit your balance. Wait for the rupees to credit to your wallet.
Statistics as of September 2022 show that about 358 banks in India are already using the rupee platform, with a monthly volume of about 6.7 billion transfers.
UPI-Allowed Indian Banks
Indian banks usually process UPI transactions because the system is a governmental initiative to enhance online payment technology. The following local institutions have the facilities to work with the financial platform:
- Axis Bank;
- Bank of Baroda;
- ICICI Bank;
- Central Bank of India;
- Canara Bank and so on.
Moreover, each bank has a unique UPI status in the system ranging from PSP to the issuer, to obtain different functionalities and rights.
Safe and Secure Betting with UPI
The UPI developers have created several complex tools to protect the profiles and hide the users' details. The system includes the below payment security technologies available to everyone:
- Verifying identity with a mobile phone to save the account from hacking;
- Two-factor authentication to confirm the payments;
- Possibility to view a generated invoice before the transaction, etc.
You also get the opportunity to use a secure data entry method to make payments using QR scanning to ensure no mistakes appear.
The Best Other Alternative Payment Methods for Betting
The system has several other financial analogues if you also want alternative payment methods for depositing funds on IPL betting apps and IPL betting sites without UPI. It is possible to choose the following options in India:
- RuPay;
- Skrill;
- Neteller;
- AstroPay Cards;
- Visa;
- Mastercard;
- NetBanking;
- Cryptocurrency;
- Local Bank Payment;
- ecoPayz;
- PayPal;
- Wire Transfer.
The UPI payment system often combines the above methods to bring together the benefits of both platforms.
UPI Customer Care Number and Support
UPI Help Desk is available 24/7 for comprehensive advice on relevant queries or payment issues. For assistance, you can use the UPI customer care number and other contact details given below:
- Helpline number: 022- 45414740;
- Contact form;
- FAQ section and so on.
The government has also created official UPI accounts on Twitter, Youtube and Facebook to provide you with video guides and updates through the news.
FAQ
If you are still curious about some aspects of UPI, the answers to the popular questions in this section will help you understand the system in more detail. Readers can also ask questions in the Sportscafe review comments to get new information quickly.
How Does UPI Work?
UPI provides peer-to-peer (P2P) and person-to-person (P2M) transactions in rupees in an automated mode. Besides, the open-source API allows the system to do refunds and easily integrates into web platforms and mobile applications.
What Is UPI ID?
UPI ID is the identifier of the recipient or sender for payments. The specific apps and banks allow you to create the ID to use the financial method.
How to Delete UPI ID in Google Pay?
Open the Google Pay account setting and choose the bank account to remove your UPI ID. At the same time, customers can change or add a new UPI ID similarly without investment.
What UPI App Is the Best?
PayTM, PhonePe and Google Pay are one of the most popular commercial UPI IDs mobile applications in India. However, the National Payments Corporation of India has launched the BHIM UPI mobile app, connecting around 170 banks nationwide.
Can I Examine the Payment Details Using the UPI Transaction ID?
Yes, you can examine the payment details using the UPI transaction ID. The platform will show you the transfer status, creation date and time, amount, and the recipient and sender's bank accounts.
How to Make UPI Payment?
Select UPI as the deposit or withdrawal method and provide the ID and bank details to make the payment. Nevertheless, you will have a daily limit of UPI transactions worth about 1,00,000 Rs.
Why Is UPI not Working Today?
UPI servers sometimes undergo maintenance that makes payment processing temporarily impossible. In such cases, alternatives with similar effectiveness can usually be used.
How to Deactivate UPI ID?
UPI ID is your default bank account or e-wallet details without deactivation feature. Moreover, the UPI service is entirely free for bettors and ordinary users.
How to Use a UPI ID without a Debit Card?
Indian customers can use UPI ID by adding only bank accounts to the payment method. The UPI system also has no particular limits for debit card users or bank wallet users.
Is UPI Safe?
Yes, UPI is safe for making transactions. The financial platform complies with all the current online security regulations of Indian legislation regarding payments and account protection.