It’s as easy as topping off your phone bill using PhonePe (or any other UPI software) to fund your online betting account. You’ll see that this is very similar to using Paytm to make a purchase.
Simply navigate to the site’s deposit page, click the PhonePe button, enter your desired virtual payment address, and then approve the request from your mobile device.
- Enter your login details for your betting account and click the Deposit button.
- TAP THE UPI/PHONEPE OPTION AND TYPE IN THE AMOUNT
- WELCOME TO THE VPA
- VERIFY ON PHONEPE
- YOU ARE ALL SET TO BET!
Once you click next, you’ll be taken to a screen where you may verify the total.
Then, choose PhonePe UPI as your payment option and supply your digital bank account number.
Each user’s UPI wallet has its own distinct digital payment address. The virtual ID used by Google Pay will be distinct from the one used by PhonePe, BHIM, and so on.
The PhonePe app will send you a request to finalize the payment.
This transaction requires your confirmation by UPI PIN.
E-wallets like MuchBetter and Skrill are another choice if you’d rather not use a UPI service.
HOW TO CREATE A PHONEPE ACCOUNT
- DOWNLOAD THE PHONEPE APP
- ENTER THE 5-DIGIT OTP SENT TO YOUR NUMBER
- OPEN THE APP AND ENTER YOUR MOBILE NUMBER
In some cases, you may not receive the OTP on the first try.
Wait for the 30-second clock to run out and request another OTP.
4. LINK YOUR ACCOUNTS
You can now link your bank accounts to the PhonePe interface after logging in.
Keep in mind that you will only be able to add the bank accounts that are associated with your phone number.
You will need to sign up for PhonePe with the number associated with your bank account.
As an alternative, you can visit your local bank branch and ask a customer service representative to change your phone number for you.
5. YOU ARE READY TO USE PHONEPE!
All betting sites that use PhonePe will require you to begin in this manner (if you don’t have this account already).
WHAT DOCUMENTATION IS NEEDED?
No ID or KYC checks are required unless you intend to make a purchase using the PhonePe wallet (which operates similarly to the Paytm wallet).
All you need to use the wallet is your PAN Card details: PAN number and PAN Holder Name. For the sake of future convenience, we advocate doing so in any way possible.
However, we also stress the importance of betting responsibly.
VERIFYING YOUR PHONEPE ACCOUNT
KYC or account verification is fairly straightforward in PhonePe and is mandatory only for their wallet feature. That said, we still suggest you verify the account so that you comply with all the norms when it comes to safe, responsible betting.
This will also facilitate the taxation of your bet winnings – something which we firmly believe in. To verify your account, go to your profile, scroll down, and select the ‘KYC Details’ option.
You will be asked to enter your PAN Card details as seen in the previous section. Follow the steps and you will be good to go!
PRIVACY & CONFIDENTIALITY
If you are wondering whether PhonePe is safe to use, the answer is 100% yes! All transaction data and personal information are safe, and securely protected by PhonePe with advanced encryption and technologies. As a user yourself, you have the option to set screen lock and passwords on your PhonePe app to safeguard your app further.
BETTING ONLINE WITH PHONEPE
Cricket betting sites that accept PhonePe as a payment option in India can be hard to come by. To save you the trouble, the Bet India staff has already done all the groundwork. Here is a list of the best sports betting sites in India that accept UPI deposits.
We’ve included some dos and don’ts about using PhonePe to fund and withdraw from your betting account below for your convenience.
WHAT YOU NEED TO KNOW WHEN DEPOSITING
Every betting site that takes UPI will almost always take PhonePe as well. When making a withdrawal, it’s common practice to use the same method as when making a deposit.
That is to say, you can’t cash out your winnings using your UPI if you deposited funds using an e-wallet. To complete the transaction, you may use just the digital wallet provided. To withdraw funds to a different payment method, you will typically need to make an initial deposit using the same method. Along with that, here are some suggestions:
- PhonePe deposits to gambling sites are free of charge.
- You must complete your Know Your Customer (KYC) steps with the sportsbook before requesting a withdrawal of monies from your betting account.
- The bare minimum that some sites require for deposits varies widely. You should figure out spending between Rs.500 and Rs.1,000.
- PhonePe is app-only and only accepts payments in Indian Rupees.
WHAT YOU NEED TO KNOW WHEN WITHDRAWING
What if you used the free cricket betting tips offered by Bet India and won big? You can withdraw your winnings via PhonePe. Withdrawing funds using a non-traditional payment mechanism (such as an e-wallet) may present some additional challenges, as was previously discussed. If you only use the PhonePe UPI, though, everything should run smoothly.
- Withdrawals requested via UPI may take an additional 2–3 business days to process.
- For each withdrawal, some financial institutions may charge a fee.
There could be a minimum withdrawal amount for each transaction, although this would vary from betting site to betting site. - To repeat, you can’t get your money out of your account unless you prove your identity with KYC. For further information, please refer to our comprehensive guide on account verification.
PHONEPE UPI APP FAQS
The PhonePe UPI app allows users to make deposits at multiple Indian sports betting sites. Funbet, Casumo, 10CRIC, Parimatch, Betway, and 1xBet are among the best online bookmakers.
Absolutely! Online gambling sites that accept PhonePe are risk-free to utilize. The appropriate authorities have issued licenses to these websites and managed them accordingly. In order to avoid money laundering and other illegal actions, they must also adhere to stringent Know Your Customer (KYC) laws.
It’s not hard at all! Create an account at a betting site that supports PhonePe, navigate to the deposit page, and then choose UPI/Net Banking as the payment option. You can then confirm the purchase by entering your PhonePe Virtual Payment Address ID.
How long does it take to deposit money with the PhonePe app?
All Indian sports betting sites process deposits instantly. This means the money will reflect in your betting account the moment you approve it on your PhonePe UPI app.
