The Best Betting Apps that Accept UPI
Bookmakers are also actively integrating BHIM UPI into their mobile apps for Android and iOS. We have compiled a list of the best betting apps in India, where you can make deposits and withdrawals using UPI. The same list will be for the cricket betting sites:
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What is UPI?
Unified payment interface (or UPI) was created in 2016 and is an instant payment system. It was created by the National Payments Corporation of India, which provides interbank transactions. UPI is regulated by the Reserve Bank of India.
It is now one of the most popular payment methods common on betting sites, as UPI itself is widely used in India. The method is available on the vast majority of betting sites at the moment, while others are actively pursuing UPI adoption.
With UPI, Indian bettors can make deposits whenever they want in seconds. Several applications are now using UPI for transactions, as it is unique in India as an internet payment system that is not only very convenient but also perfectly secure.
The main NPCI application, in this case, is BHIM. However, there are also third-party applications that support UPI. Among the most famous in India are PhonePe, Paytm, Google Pay, Samsung Pay, and others.
Advantages and Disadvantages of Payment Method
UPI has been actively improving and becoming even more convenient for 6 years. The payment system introduces new features for the comfort of players, including in real-money betting. The application has many strengths, while the disadvantages have almost no effect on your earnings in sports betting. In the table below we have highlighted the main pros and cons of UPI as a payment method.
|Reliable and secure method of payment, regulated by Reserve Bank of India||If you want to transfer payment to UPI, you can transfer up to 10,000 rupees per payment.|
|Directly sending or receiving payments||All transactions are monitored by the Indian State for security purposes|
|There are no internal transfer fees|
|Created for the use of rupees|
|UPI gives you access to all your bank accounts through one mobile app on Android or iOS|
|Round-the-clock support service for Indian users|
How Can I Open a UPI Account?
So that you can quickly create a UPI account, we have prepared for you easy and clear instructions. All in all, it is a very easy procedure which will take a little bit of your time.
To create your personal UPI account for payments to betting sites you will need to
- Download the app. Download the free BHIM UPI app for your Android or iOS device. You can find them on Google play or the App Store.
- Select Language. When you log into the app, you will be able to choose the interface language that is comfortable for you. This includes Hindi.
- Verify your cell phone number. Enter your cell phone number in a special window and you will be sent a SMS with a special code. Enter it in a special window.
- Verify your bank account. After verifying your cell phone you will need to choose a bank from the list. Click on it and enter the data of your bank account to be tied. You can link several accounts.
- Set UPI ID and PIN. Set your UPI ID and make a 6 or 4 digit code which will be needed to verify your transactions.
It should be said that after you first log in to BHIM UPI, the app itself will guide you through each of these steps, making it as easy and fast as possible to create an account.
How Can I Verify My UPI Account?
You do not need to send photos of your documents to use UPI. Creating and using an account for payments through UPI only requires linking certain data.
To verify your UPI Wallet you will need to:
- Bind your mobile device number. This is done through an SMS that comes to your number. You enter the code in the special registration window.
- Link your bank accounts. You fill in the information and data from your bank accounts from which UPI payments come.
In some cases, UPI asks for additional documents in order to further secure your account.
How to Make a Deposit to a Betting Account with UPI?
We have put together a short guide on how Indian users can quickly top up their game accounts with rupees using UPI. On average, this procedure takes a couple of minutes and a couple of clicks from you.
Until you have funded your account, you will not be able to place any bets or earn any real money. To recharge your game account on the bookmaker’s website or app via UPI, you need to:
- Choose a bookmaker from the list and go to its resource. Explore our list of the best bookmakers in India that accept UPI payments and go to its website or app.
- Login to your account. Click on the login button where you need to enter your account username and password, then click the confirm button.
- Click on the deposit button. Go to your game account menu (you can do this through the main menu) and click on the deposit button.
- Select UPI. On the deposit page you will find all the deposit methods available on the bookmaker’s platform. Find UPI from the list and click on it.
- Confirm the transaction. On the deposit page you can enter the amount in the special field and confirm the transaction. The money will be displayed on your betting account immediately.
Conditions of Depositing and Withdrawing for Cricket Betting
UPI has rules of use that affect the betting experience of players in one way or another. We have carefully studied the payment system and highlighted the following important observations:
- The maximum limit per transaction from your UPI is 10,000 rupees;
- The daily limit for sending payments is 20,000 rupees;
- The user is solely responsible for and accepts the risks associated with misdeclaration of the recipient of funds;
- You can use UPI whenever you want;
- UPI does not charge any internal commissions for your payments;
- You need to link one or more bank accounts to use UPI.
All in all, these factors are not critical and hardly restrict the actions of bettors. The lack of any serious restrictions is one of the reasons why UPI is convenient for everyone and is so popular.
Safe and Secure Betting with UPI
UPI is now protected from all possible sides and no one but you can dispose of your money. The UPI payment system’s approach to data protection is very serious and this is due to several factors:
- It is regulated by the Indian State and the Reserve Bank of India;
- The payment system uses SSL encrypted servers to complete the transactions;
- Artificial intelligence is involved in transaction processing;
- UPI does not disclose bank account details to betting companies;
- A modern firewall and its own security system against viruses;
- You set a unique PIN code to confirm your transactions.
Security is undoubtedly one of the top priorities of UPI developers. By using the application for your transactions you guarantee the safety of your funds and you can be sure that you are fully protected from intruders.
Alternatives Payment Methods for Cricket Betting
UPI is undoubtedly very convenient and is almost the most common payment method among betting companies, which in turn is integrated into a number of other payment wallets. Nevertheless, there are other convenient payment methods that deserve your attention:
All of them are convenient in one way or another and will offer you great functionality for deposits and withdrawals on betting sites and apps. So, if UPI isn’t quite right for you, you can choose the most convenient payment method and bookmaker that accepts payments this way.
Below you can find the most frequently asked questions about UPI in India. We’ve answered them and it will help you learn more about the payment system’s features. If you don’t find the answer to your question here, feel free to ask it here!
Is it Legal in India to Use UPI for Payments on Betting Company Websites or Apps?
Yes, UPI is an integrated payment method in the Indian economy which is regulated by the Indian government. Moreover it is regulated by the Reserve Bank of India. All UPI activities are completely legal, so you have nothing to worry about.
How Fast are Deposits and Withdrawals at Betting Sites Using UPI?
When users from India send their funds to a betting account on the bookmaker’s site or app, they are received instantly after the money transaction is completed. UPI does not have any internal payment fees. The withdrawal time depends on the bookmaker, as the processing time for the withdrawal request is set by them. However, when your request is processed – you also get your money to your UPI account instantly.
Are There any Limits on The Use of UPI for Betting Sites?
UPI has a limit of 10,000 rupees per transaction as it was not designed for large monetary transactions. However, you can make several such transactions if you want to make a large deposit. All other UPI deposit and withdrawal limits are unique to each bookmaker.
Can I Make UPI Deposits Using Indian Payment Wallets (PhonePe, Paytm)?
PhonePe and Paytm payment wallets are regulated by the Reserve Bank of India and are integrated with the UPI payment system. This means you can use them for your deposits to make online bets on sports games. You will not be charged any additional fees.
Mehdi Mckinney, sports journalist, cricket analyst and sports forecaster. Professional bettor.