|UPI or Unified Payments Interface is an Indian Government backed real-time payment system and has gained massive popularity. Developed by the National Payments Corporation of India it allows users to make digital transactions directly using their bank accounts. Mobile payment apps such as GPay, Paytm etc. use this payment interface for sending and receiving money. There are certain restrictions on the maximum/minimum deposit and withdrawal amount using UPI and you will need to keep that in mind when you are using this platform.
UPI has become one of the most popular digital payment methods since its launch in 2016 and betting sites have been quick to pick up as money transfer mode. The fact that the launch of UPI coincided with increase in digital transactions in the country and penetration of smartphones it has moved millions of Indian into the era of digital money transfers. Increasing number of betting sites in India are adding UPI as one of their money transfer platforms as they have their eyes on India’s growing sports betting market.
Leading bookmakers in India support UPI and we expect to see more betting sites add this money transfer method for their users in the future. Here is the list of major betting sites accepting UPI at the moment – Fun88 22Bet Funbet Betway 20Bet Leon Bet365 Happistar Parimatch Betway Oppa888 1xBet W88 Lilibet Comeon Buff.bet Shangrila Rabona Campobet Betwinner MrPlay Dafabet Melbet 4RABET Sportsbet.io RoyalPanda We shall update this list as more betting sites add UPI to their list of deposit and withdrawal options. 22Bet Accepts UPI Payments | |
For depositing money on your bookmaker’s site using UPI you will need to download the BHIM (Bharat Interface for Money) App on your Android or iOS device. You will also be able to make your deposits using the web browser. Once you have downloaded the app you will need to link it to your bank account using your mobile number which would be authenticated by an OTP (One Time Password). You will need to fill up the ‘Know Your Customer details and set a six-digit PIN for secured transactions. This will be followed by generating a Virtual Payment Address. Now you are all set to deposit money using UPI and need to follow the steps mentioned below. Steps for depositing money at betting sites using UPI Log into your account on the bookmaker’s site or app and go to the deposits page Choose UPI from the list of deposit options and enter your Virtual Payment Address when prompted for Next you need to fill in the amount you wish to deposit or the minimum deposit amount as set by your bookmaker In the next step click/tap on the ‘Proceed to Pay’ button where the amount and your VPA would be reflected Next you will need to authenticate the transaction using your 6-digit UPI Pin and the amount would be instantly deposited in your bookmaker’s account.
UPI has emerged as one of the most popular transaction mediums on betting sites as it offers bettors the option of withdrawals which is unavailable on platforms such as GPay. Withdrawing money is as easy with UPI as easy as depositing it. However you have to bear in mind that UPI currently limits the withdrawal amounts and it varies between ₹10,000 and ₹100,000 depending on your bank and also there is a daily upper limit of ₹100,000. Follow the steps below to withdraw money from your bookmaker’s site. Steps for withdrawing money at betting sites using UPI Log into your account on the bookmaker’s site or app and go to the withdrawal page Choose UPI from the list of withdrawal options and enter your Virtual Payment Address when prompted for Next you need to fill in the amount you wish to deposit or the maximum withdrawal amount as set by your bookmaker/bank In the next step click/tap on the ‘Withdraw/Transfer’ button Finally you will need to authenticate the transaction using your 6-digit UPI Pin and the money would be immediately deposited in your bank account.
Talk of safety and UPI is one of the safest digital money transfer platforms in India. It has a two-stage authentication using the 6-digit PIN and OTP sent on the mobile number registered with the bank. All the payment information is stored on secured servers owned by the National Payments Corporation of India adding to its safety features.
UPI is the most widely accepted money transfer platforms in India. Being backed by the government it is trusted like no other platform in the India. It may not have the most institutive UI compared to some of the other platforms but isn’t tough to use either. Here are some of the advantages that UPI for bettors in India: It is fast and convenient No need to preload wallet Real-time transfers to/from bank account’ Ability to use multiple bank accounts High security and strict privacy policy Zero processing fee Two step authentication for increased safety
In addition to UPI, there are wide-ranging payment methods available at online bookmakers. Some of them even have a higher maximum deposit and withdrawal limit than that of the UPI payment option. Traditional payment methods like debit and credit cards are more reliable and trusted by millions of people worldwide. Most of the top bookmakers support VISA and Mastercard along with the Indian payment service, Rupay. While there are betting sites that accept online wallets like Paytm, global brands like Neteller and Skrill are also among the most trusted e-wallets among online bettors.
To sum up, UPI has made deep inroads into the Indian betting market as a money transfer platform. Though it still has a mountain to climb as far as becoming the most widely used payment platform on Indian betting sites, it is on the right course being the first-choice digital money transfer platform in India for the masses.
