Listed below are the betting sites that accept UPI as a payment provider. In most cases this is for both deposits and withdrawals, but keep in mind payment processing can vary across each platform.
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What Is UPI
Unified Payments Interface
UPI stands for Unified Payments Interface, with this being a popular payment method when it comes to customers opening a betting account. A lot of Indian customers go down the UPI route when it comes to transferring funds, with this being an instant real-time payment system. This was developed by National Payments Corporation of India (NPCI) which means that it is a trusted method when it comes to Indian cricket betting customers.
UPI uses clever and sophisticated technology which allows customers to move money between each other, while there is also the option to move cash between person to merchant. There is regulation in place by the Reserve Bank of India, with many customers enjoying this facility so that they can instantly transfer funds.
Over 150 million users
There are over 150 million people in India who are utilising the Unified Payments Interface platform, with a growing number of Indian bookmakers having UPI in place so that money can be moved into a betting account, while funds can also be transferred back out. The system is designed so that you can channel multiple bank accounts into a single mobile application.
Mobile app access
The reason behind the popularity of UPI means that your account can be accessed through your mobile app and linked to your mobile number. It increases your overall security and there is also two-factor authentication in place. This is an added layer of security where customers can use a four or six-digit pin. This is a mobile phone style of payment where funds can be migrated using a device.
How To Deposit With UPI
The UPI payment process has been created for its simplicity. It’s a case of transferring the money from one bank account to a betting site and that is done through a mobile phone. The UPI payments are available to be made through an app which is available on your mobile device, with money transferrals taking place through mobile numbers, UPI ID numbers, or QR codes.
You need a bank
Once you have signed up for an online betting account with an Indian bookmaker, then you can make a deposit using UPI. Ultimately, you will need to be a member with at least one of the banks which are compatible with UPI. That means you need to have a bank account in place with the likes of Central Bank of India, Axis Bank, SBI, HDFC. It naturally follows that you should also have funds in one of those accounts to migrate the cash across.
You need a bank
One step that you need to make is to download a UPI-supported app such as BHIM, PhonePe, Google Pay, or Axis Pay. This will enable you to link everything together. Bear in mind that these steps only need to be taken once before they are in place and you are in a position to move money a good deal more quickly further down the line.
Thorough initial set up
You need to take a few steps such as selecting your preferred language. It’s also a case of entering a mobile number which is registered at your chosen bank. There might also be a requirement to enter an email ID associated with your bank account, which should then trigger a One-Time Pin and that will need to be verified with your mobile number. Once these steps have been taken, you can go to the Indian bookmaker you like best and make a deposit.
Betting Withdrawals Through UPI
When you have a betting account and you have gone through the steps of making a deposit and placing a few bets, then you can go ahead and make a withdrawal. Bear in mind that you need to be eligible to withdraw money and there might be a wagering requirement attached to any bonus that you have claimed.
Withdraw if you deposited through UPI
The Indian betting site in question should be able to outline whether you have a withdrawable balance. On the basis that you have already made a UPI deposit, then you should be able to make a UPI withdrawal and return the funds accordingly. It might be that you need to verify the payment within your UPI app.
One of the better advantages to making withdrawals through UPI along with UPI betting deposits is down to the fact that you can often claim bonuses using this payment method, while the government regulation that is place with the Indian banks means that this is a safe and secure method.