How to Deposit at Betting Sites using UPI

UPI stands for Unified Payments Interface. This system of payments was launched in 2016 and has gained great acceptance within a short span of 5 years. As of December 2020, more than 200 banks are live on the UPI platform, which handles more than 2000 million transactions a month, worth almost 4 lakh crore rupees.

A large percentage of the people have a UPI app that they use. You can pay for goods online or at a small tea vendor using this method.

Best Betting Sites accepting UPI

Here is a list of the websites that are currently accepting deposits using UPI.

1

ComeOn

Welcome Bonus 100% up to ₹35,000 Exclusive
Visit New Customers Only. 18+. T&Cs Apply.
2

1xBet

Welcome Bonus 100% up to ₹10,000
Visit New Customers Only. 18+. T&Cs Apply.
3

Betway

Welcome Bonus 100% up to ₹10,000 Exclusive
Visit New Customers Only. 18+. T&Cs Apply.
4

10CRIC

Welcome Bonus 100% up to ₹20,000 Exclusive
Visit New Customers Only. 18+. T&Cs Apply.
5

Parimatch

Welcome Bonus 150% up to ₹12,000
Visit New Customers Only. 18+. T&Cs Apply.

UPI Betting Sites

Indian players love to play various online games, and being fans of sports such as Cricket, make various deposits on online gaming sites based outside India. While Neteller and Skrill used to be the only options, now these sites are becoming more and more `India friendly´. Many major gaming websites accept UPI payments as a mode of depositing money into a player’s betting account.

  1. UPI betting makes it quite easy to carry out transactions as funds need not be transferred to an intermediary foreign e-wallet.
  2. There is no need to learn anything new and you can deposit money using any UPI app that you are comfortable using.

Some of the most popular UPI betting sites include Betway, Bet365, Casumo, Funbet, and ComeOn.

“ComeOn”

Betting Offers using PhonePe

ComeOn is another site that offers UPI deposits as a convenient option and PhonePe can be used for making a deposit through their UPI interface. 

As of now, ComeOn also has an exclusive offer of Rs. 35,000 Welcome Bonus that is available to our users. This deposit offer can be used while making a deposit using PhonePe on ComeOn.

Steps:

  • Login to your account on ComeOn
  • Select banking, deposit options and select UPI as mode of payment
  • Enterthe PhonePe's Virtual Payment Address and enter the deposit amount and make the payment, completing the deposit on the PhonePe account
  • Click deposit Now, and your betting account will be recharged

Depositing money in your gambling account using UPI

In order to deposit money, you will first need to log in to your gambling account.

  1. Once logged in, you can go to the `Deposit´, or `Bank´ or `Cashier´ option.
  2. You will be displayed a list of all the options available to you. Select UPI from the list.
  3. You will now be asked to enter the amount that you wish to deposit. Once you enter the amount and confirm, you will be directed to the UPI app installed on your phone, where you will have to enter your UPI code, as well as your PIN. 
  4. Once confirmed, the money will be credited to your UPI betting site account.

Deposits made by UPI are free of charge and are instant in most cases although it is normal for the balance to reflect this new deposit after about an hour or so. If it does not reflect in your gambling account within an hour or so, you can contact the customer support of the respective site. You may also be asked to upload proof of your transaction in the form of an RRN number or a screenshot.

To avoid any problems at the time of deposits, do ensure that the name of your UPI account matches the name with which you have created your gambling account.

One should also understand that amount deposited via UPI will be debited from your bank account. So make sure that you have a sufficient balance in the account linked to the UPI.

Benefits of using UPI

UPI brings several different payment methods and apps under a single umbrella, and users do not need to remember the account number, bank name, or the IFS code of the person they want to transfer money to. Instead, they can send the money digitally using their mobile number, Aadhar number, UPI ID, or by using a QR Code.

You can link a number of different bank accounts to a single UPI ID and can use any of them to make payments. The transaction charges are minimal, and funds are transferred in real-time. It also integrates various bank apps and digital wallets under a single structure, and you can seamlessly transfer funds from one to another.

Advantages of using UPI to load your betting account

  • UPI is incredibly safe, as it is regulated by the government and the RBI. You can, therefore, rest assured about the safety of your funds transferred via UPI.
  • Transactions via UPI are quick, and in most cases, instant. Also, the minimum and maximum limit of deposits are adequate to suit most players. You can start using your money instantly to place wagers.
  • Deposits made via UPI are not charged anything by the website, although there might be a nominal transaction fee charged by your bank, making UPI one of the cheapest deposit options out there.
  • The service is available 24x7, so you can load your account at any time of the day.

Disadvantages of using UPI for betting sites

There are not too many disadvantages, to be honest!

Just as any transaction made via your bank account, anyone that is looking can easily trace the money. Although there have been no known cases of anyone facing issues, you must be aware that your transactions are not anonymous.

Also, while most gaming websites prefer to route your withdrawals using the same method that you used to deposit, UPI is still not a valid withdrawal option on most sites. Hence, the withdrawal will most likely end up in your bank account and that can take a few days to be processed.

Withdrawal using UPI

As of now, none of the gambling or betting sites support withdrawals using UPI. In case you have made the deposit using the UPI method, the withdrawal amount will be credited to your bank account, or you will be asked to choose another method.

How to create a UPI account

  1. You will first need to ensure that the bank in which you have an account supports UPI payments. As most private and nationalized banks support it, this should not be a problem.
  2. Now download the government’s own payments app, BHIM, or any of the popular private apps including Paytm, PhonePe, Google Pay, etc.
  3. Once the app is downloaded, enter your mobile number that is linked to your bank account, and set a password that you will need to enter each time you want to access the app.
  4. Some apps will automatically pull up your bank accounts while others will require you to select your bank name from a list provided. Either way, you need to select the bank account from which the money is going to be deducted once you make a payment.
  5. You can now set up a UPI ID or a VPA ( Virtual Payment Address) by providing the last six digits of your debit card, and the expiry date. Your UPI ID is now created and you can now send or receive money using your linked bank account.
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