As we all know that UPI is one of the popular payment methods that the majority of individuals use on a regular basis. In this section we will give the detailed information about the UPI deposit method and how it works. For those who are betting online, UPI is one of the safest and secured payment mediums. Due to the same reason, all the bookmakers tend to keep UPI as one of the major payment methods.
The payment method was launched in 2016 and running successfully for the past 5 years with a large number of users. Hence all the genuine bookmakers have added the UPI as one of their deposit methods due to its reliability and security. Here you can get the answers for all your questions, such as the background of UPI and how it works. Including this, it is one of the most commonly used betting payment methods in India, where the users make various deposits and withdrawals.
The best UPI Sports Betting Sites
Below, we have mentioned the list of bookmakers that have UPI payment method that acts as the major transaction medium and is accessed throughout India. A couple of bookmakers are giving amazing bonus offers while depositing the funds via UPI. The below mentioned betting sites are only some of them, still there are more betting sites which offer UPI as their payment methods. Having said that, players can do the deposits using UPI with utmost confidence.
|All Bookmakers with UPI|
How does UPI work in detail?
The working procedure of UPI is pretty straightforward, all you need to have is a bank account with a registered mobile number. Users need to fill in the details such as full name (how it’s written on ID), and other personal information like date of birth, address and mobile number. Then users will receive an activation code on their mobile number to validate the information and to activate the account.
Users can then create a password to access and keep their account secure. In order to make payments into their UPI account, they need to enter their bank account details and other relevant information. Once the amount has been added to the account, users can start using them at anyplace and anywhere they want.
Without any second thoughts, users can make the payments with their UPI account instantly and enjoy the benefits of faster processing times. To help you with an example, we know that 1xBet is one of the most visited and played betting sites in India. The bookmaker holds UPI as their primary payment method to process the inward or outward transactions. Once you complete the registration on the bookmaker’s site, you can access all the sports events and can make the deposits instantly. In some instances, bookmakers will provide the deposit offers if the payments are made through UPI. Both deposits and withdrawals can be achieved using the UPI method.
The terms and conditions of the payment methods differ between the countries. Due to different payment regulations in other countries, players cannot use the specific transaction medium and by default they need to choose the relevant payment method. Rest assured that players within India can access UPI medium for deposit and withdrawal purposes.
How secure is UPI?
While performing the transactions online through any payment gateways it is important to check the security. During the current times, a lot of criminals are getting sophisticated to try and lure the customers to perform online payments. Some of the links are fraudulent that capture the card details upon clicking them. UPI users secured three factor authentication and it is completely secure from the customer’s point of view. The data entered in the system will be encrypted so that hackers cannot access the sensitive information.
When you make a payment, only payment details like transaction ID and time stamp, and the amount of transaction will only appear to the one who receives the payment. Similarly, payments made on the bookmakers site can only see the basic information like the email address and the transaction amount only. Users can make the regular transactions on any platform with supreme confidence. However, users need to be careful while making payments on any suspicious websites, the best thing would be checking the site reviews before entering any sensitive information.
How do I manage my UPI account?
To make payments via UPI, you need to have an account on one of these platforms which are PhonePe, GooglePe, Paytm, etc. You need to login to your account and attach the bank details to the respective website. Then payments can be made with the UPI option by just using a secure pin which was created earlier while signing up with UPI. The UPI supported applications can be downloaded from the Play Store or App Store for both Android and iOS users, alternatively users can access the transaction mediums via browser versions as well.
When you have installed any of the payment apps mentioned above you need to attach the bank details first and then you will be asked for the secured pin. With the advent of technology, the interface is getting adapted to modern sign-in options, allowing users to access their account with a face ID or Finger print ID. This ensures extra security and nobody can look over the shoulder to view your password.
How can I pay out with UPI on a bookmakers site?
Whenever you visit any sports betting sites, you can see the payment methods to deposit and withdraw the funds. Once the desired earnings have been achieved, players would like to take their funds out of their bookmakers’ account. In order to take the money out, players need to choose the UPI option from the withdrawal section and enter the amount of your choice from the earnings you’ve made. The other biggest advantage with UPI is it’s faster processing time to take the money out of your account. The payment method is secured and that’s the one of the reasons it has been picked up by the top bookmakers. In order to do the withdrawal, you need to visit the bookmakers’ site and then look for the withdrawal section. From the same section, you can choose the UPI method to take out your earnings.
Prior to withdrawing your amount, it is important to check the minimum balance on the bookmaker’s site. For every bookmaker there will be a certain payment terms and conditions which you need to check before withdrawing your money. You should have the minimum winnings to take out your earnings. Should we need to pay any extra fees on the payments or how can we add money to the bookmaker using UPI and which bookmakers provide UPI in their payment methods.
Are there any fees for withdrawal?
There will be no additional fees while you make the withdrawal. However, there are specific payment terms and conditions which players need to check upfront. The bookmakers might charge some extra fee if you take out the earnings outside the daily limit. The withdrawal limits will be set by the bookmakers which can be either on a daily, weekly or monthly basis. Depending on the frequency, the withdrawal amount will be set accordingly. So there will be no extra fee besides the withdrawal limit.
One must be certain about the details being provided such as the bank details and the personal information. Once the payment has been withdrawn successfully, the bookmaker or the UPI method are not liable for any disputes. Hence, it is very important to check the details before initiating a transaction. Once a successful withdrawal has been achieved, the details will be stored on the UPI which will allow the medium to process the funds on a faster note and players won’t need to enter all the details manually.
Information about the UPI
The actual definition of the UPI is Unified Payments Interface and it was developed by the National Payments Corporation of India. A total of 274 banks linked as of November 2021 with a volume of 4.18 Billion transactions using UPI. The UPI has 150 million monthly active users in India as of May 2021 and it is available in different languages within India.
From 2018 to 2021, transactions made through UPI have been increased proportionally from 23% to 55%. The payment medium has been linked with Third party transaction platforms such as Samsung Pay, Mobikwik, Paytm, Google Pay, Whatsapp Pay, and Amazon Pay. So, the users can use any of the above monetary channels to make their UPI payments and enjoy the betting experience.