The Unified Payment Interface (UPI) has gained immense popularity since its release in 2016 by the National Payments Corporation of India. It is worth noting that UPI is an enhanced version of Immediate Payment Service (IMPS) and features an updated application programming interface (API) that significantly improves payment processing speed. If you are interested in learning more about how to create a UPI ID and utilize the system for deposits and withdrawals at the top UPI betting sites, we recommend you to keep reading!
According to recent reports, the total UPI payments are equal to 86% of India’s GDP in 2022, ensuring the stability of electronic cash flow for various companies. Additionally, the following cricket betting, football betting, and other platforms actively offer this payment method. Here is a list of betting sites that accept UPI deposits:
Many users are choosing Betway as their top choice due to its hassle-free and flawless payment experience with the UPI payment method. Other operators like Parimatch, 1xBet, 10Cric, and 22Bet also provide Indian betting players with a seamless payment experience.
Main Information About UPI
🏦 Banks supported
155 banks in India
📱 Mobile app
💯 Commission Fee
⏳ Processing Time
Is UPI Safe for Indian Bettors?
Developed by the National Payments Corporation of India (NPCI), UPI (Unified Payments Interface) is a payment system regulated by the Reserve Bank of India. It offers secure transactions and protection for Indian punters at the best UPI betting sites. When using a UPI app, your account is linked to your mobile number, ensuring the safety of your credentials from identity theft. To provide an additional layer of security, two-factor authentication is implemented through a 4 to 6-digit pin when making transactions at UPI betting sites in India. Moreover, encryption protocols are utilized by these sites for enhanced security. Private UPI apps like PhonePe offer additional security features to further safeguard your transactions.
Review of UPI Payment Method
Unified Payments Interface (UPI) brings together various payment methods and applications, ensuring convenience for users as they no longer need to remember account numbers, bank names, or IFS codes when transferring money. Instead, they can digitally send money using their mobile number, Aadhar number, UPI ID, or a QR Code. Additionally, UPI allows linking multiple bank accounts to a single UPI ID, granting users the flexibility to make payments from any of the linked accounts. With minimal transaction charges, funds are transferred in real-time. Moreover, UPI serves as an integrated platform that seamlessly connects different bank apps and a digital UPI wallet, enabling effortless fund transfers between them.
UPI Pros & Cons
UPI is a fast and secure payment method that has become popular among Indian betting players. It does not involve any third-party intervention and offers instant deposits with no commission fees. However, there are some pros and cons to using this payment method, which should be considered before making a deposit:
✔️ UPI is highly secure as it is regulated by the government and the RBI, ensuring the safety of your transferred funds.
✔️ UPI transactions are quick, often instant, allowing you to start using your money immediately for placing wagers.
✔️ Deposits made via UPI on betting websites are usually free of charge, making it a cost-effective option.
✔️ The service is available 24×7, giving you the flexibility to load your account at any time.
✖️ One potential drawback is that UPI transactions are traceable, so they are not completely anonymous.
✖️ While most gaming websites prefer to use the same method for withdrawals as the deposit, UPI is not commonly accepted for withdrawals. This means that withdrawals will likely be processed to your bank account, which could take a few days.
Limits, Fees & Withdrawal Time
The UPI transaction limit is a common concern among users. According to the NPCI, the regulatory body behind UPI, the limit per day is set at Rs 1 lakh. However, this limit can vary from bank to bank. It falls under two categories: the transaction amount limit, which is the maximum amount that can be transferred, and the frequency, which refers to the number of transactions one can make in a day.
Daily Limit (Rs)
Weekly Limit (Rs)
Monthly Limit (Rs)
No specific limit
UPI does not impose any fees and withdrawals are processed within seconds.
It is important to note that until all banks adhere to the standard UPI limit set by the RBI, there will be variations in UPI transaction limits among different banks.
UPI Betting Bonuses
In addition to providing a fast and secure payment method, many online betting sites are now offering special UPI bonuses for customers who deposit with it. This often includes exclusive offers such as free bets or bonus money credited to their accounts, allowing players to take full advantage of the great promotions on offer. So if you’re looking for additional value when making your UPI deposits, be sure to check out what bonuses are available from your chosen operator.
How To Use UPI for Betting Online: Step-by-Step Guide
The explanation of UPI deposits on betting sites may seem overly simplified, but it reflects the inherent simplicity of the UPI deposit function. In fact, the uncomplicated nature of UPI deposits was the main driving force behind their creation. Here, you are provided with step-by-step instructions to ensure a seamless UPI deposit experience on your betting app or site.
Opening a UPI Account
You can easily transfer money from your bank account to the recipient’s bank account in a matter of seconds with UPI. This hassle-free method has made the process much simpler. Once you complete the UPI registration process, you can transfer money with just a few clicks on a UPI service app like Paytm. To register for UPI, follow these steps:
Download the Paytm UPI mobile payment application.
Enter your mobile number. If you have a dual SIM phone, select the SIM slot with your mobile number.
Verify your mobile number by the SMS sent from your number.
Select your bank from the provided list. Ensure that the registered mobile number with your bank matches the one you entered earlier. Your bank account details will be fetched using your mobile number.
If it’s your first time linking the bank, you will be prompted to set up a UPI PIN. You need your debit card details for this process.
Your bank account is now linked via UPI, and you can make your first payment easily.
How To Make a Deposit With UPI in India?
To deposit money into your gambling account using UPI, follow these steps:
Log in to your gambling account and find the “Deposit” option.
Choose UPI from the list of available options.
Enter the desired deposit amount, confirm the amount and proceed.
You will be directed to the UPI app on your phone. Enter your UPI code and PIN.
Once confirmed, the money will be credited to your UPI betting site account.
Deposits made through UPI are usually free and instant. However, it may take up to an hour for the balance to reflect. If the deposit does not reflect in your gambling account within an hour, contact customer support and provide proof of your transaction, such as an RRN number or a screenshot.
Start Betting With UPI
If you’re an Indian betting player who is looking for a fast and secure payment option, then UPI is the ideal choice. It allows players to make deposits in just a few seconds, with no commission fees and a high level of security. Additionally, many online operators now offer exclusive bonuses when depositing via UPI – so be sure to check out what your chosen operator has on offer before making your deposit. With all these advantages, there’s never been a better time to start betting with UPI!
Withdrawing Money With UPI
Withdrawing money using UPI is incredibly easy. Here is a simple step-by-step guide to help you with the process:
Log in to the betting site using your account credentials.
Find the “Withdraw” option and click on it.
A list of possible withdrawal methods will appear. Tap on the option for withdrawing using UPI.
Enter the amount of money you wish to withdraw from your betting account.
Provide the 11-digit IFSC code to confirm your authenticity.
Once you have filled in the required information, complete the process and withdraw your desired amount of money using UPI.
Choosing the Best Sports Betting Site With UPI
Choosing the best sports betting site with UPI can be a daunting task. With so many online operators offering this payment method, it can be difficult to know which one is the right fit for you. That’s why it’s important to consider factors such as the range of markets, odds, promotions, and customer service when selecting your operator.
Countries Where You Can Use UPI for Sports Gambling
UPI is a widely accepted payment method in India and is becoming more popular across the world. Non-resident accounts like NRE/NRO with international mobile numbers can now use UPI for transactions, as stated in a notice by the National Payments Corporation of India (NPCI).
Initially, mobile numbers from ten countries will be supported, including Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States of America, Saudi Arabia, the United Arab Emirates, and the United Kingdom. To onboard and transact using UPI, NRI accounts must comply with the existing FEMA regulations and guidelines set by the Reserve Bank of India, as ensured by the member banks.
Alternative Payment Systems to UPI
When it comes to making deposits for online sports betting, there are a variety of payment systems available in India. While UPI is an excellent choice for many bettors, there are other payment methods that offer additional benefits and features. Here are six alternative payment systems to consider when depositing funds:
Credit/Debit Cards – Credit and debit cards are accepted at most online betting sites, allowing players to make instant deposits with ease. Additionally, some operators also offer exclusive bonuses when depositing via card.
Neteller – This e-wallet provides customers with fast and secure payments, as well as the option to withdraw money directly into their bank accounts within 24 hours.
Skrill – This payment system is popular among Indian bettors as it allows customers to make transactions with a wide range of currencies.
Bitcoin – An increasingly popular cryptocurrency that offers instant deposits and withdrawals, as well as low fees and high anonymity for users.
EcoPayz – This digital wallet provides customers with the ability to transfer funds quickly and securely without any commission fees.
Paytm – The most recognized e-wallet in India, offering fast deposits and withdrawals, as well as exclusive bonuses from betting sites accepting Paytm payments.
Each of these payment systems has its own advantages when it comes to online betting, so be sure to research each one thoroughly before making your deposit!
Final Say: The Benefits of Betting With UPI
UPI is quickly becoming the go-to payment option for Indian bettors thanks to its fast processing speeds, lack of commission fees and high level of security. Here are just some of the top benefits offered by UPI when it comes to online sports betting:
Instant deposits – Funds can be transferred in just a few seconds with no delays.
No commission fees – Withdrawals and deposits are free from any additional costs.
High level of security – Customers’ personal information is safeguarded at all times with advanced encryption technology.
Widely accepted – UPI is now available at many online betting sites, making it easier for customers to find the perfect operator for them.
Multiple currencies supported – Customers can use a variety of currencies when making deposits with UPI, including Indian Rupees (INR).
UPI is an excellent payment method for Indian bettors who are looking for fast and secure transactions with no commission fees. It is quickly becoming one of the most popular payment methods among online operators due to its great range of bonuses and promotional offers. So why not give it a try today? You won’t be disappointed!
1️⃣ What is UPI?
UPI (Unified Payments Interface) is a payment system developed by the National Payments Corporation of India (NPCI). It allows users to make instant and secure payments directly from their bank account.
2️⃣ What does UPI ID mean?
A UPI ID is a unique identifier used to send and receive money via the UPI platform. It consists of an alphanumeric string that can be created using your mobile number, bank account number, or any other virtual address.
3️⃣ Which is the best betting site that accepts UPI?
This will depend on your individual preferences. Many online sportsbooks now accept UPI in India as a payment option, with some offering exclusive bonuses for depositing with this method. We suggest researching each site thoroughly before making your decision.
4️⃣ How to join UPI in India?
In order to use UPI, you will need to first download the relevant banking app from your mobile device’s app store. Once installed, simply follow the on-screen instructions for setting up a new account. You will then be assigned a unique UPI ID which can be used to make and receive payments.
5️⃣ Does UPI accept Indian Rupees?
Yes, most online betting sites that accept UPI also support Indian Rupees (INR). This allows customers to make deposits and withdrawals without worrying about currency conversion fees or exchange rate fluctuations.
6️⃣ How much can I deposit with UPI?
The minimum deposit amount for UPI will vary depending on the online sportsbook. However, most operators allow customers to make deposits starting from a few hundred rupees.
7️⃣ Are there any limits on the use of UPI?
Most online betting sites that support UPI have limits on the amount you can deposit or withdraw per transaction. These limits will be stated in the site’s terms and conditions.
8️⃣ Can I withdraw money from betting sites with UPI?
Yes, most online betting sites that accept UPI allow customers to make withdrawals using this payment option as well.
9️⃣ Does Betway support the UPI payment option?
Yes, Betway does offer deposits with UPI.
🔟 What is the difference between UPI Banking and Net Banking?
UPI banking is a more modern payment system than net banking. It provides users with faster payments, no transaction fees, and enhanced security features. Furthermore, it also supports multiple currencies including Indian Rupee (INR). Net banking on the other hand is an older payment system that requires customers to enter their bank details every time they make a transaction.