Deposit with UPI

UPI (Unified Payment Interface) is quickly becoming India’s favorite payment method. These days you can pay with UPI at the supermarket, the retail stores, and even many street vendors now accept UPI payments. UPI can also be used to make payments to many online merchants, and this includes online betting sites.

If you were looking for a solution to make deposits to an online betting site, UPI is the solution. In this article, we will go over how to deposit with UPI on a betting site.

Let’s start by looking at some of the many betting sites that accept UPI.

WHY DEPOSIT WITH UPI ON A BETTING SITE?

We recommend using UPI when you want to deposit on a betting site for the following reasons:

  • It’s cheap
  • It’s fast
  • It’s reliable

In the past, it used to be very difficult for Indians to deposit and withdraw money on betting sites.

Now that UPI has entered the betting scene, it has never been easier for Indians to deposit money on a betting site.

PROS AND CONS OF UPI BETTING

Pros

  • Fees for transferring with UPI are very low, making it a cheap option.
  • UPI transfers are instant: money will be available in your betting account in seconds.
  • UPI is regulated by the Reserve Bank of India, making it incredibly safe to use.

Cons

  • Lack of anonymity. UPI is regulated by the government so they have full insight into your transactions if they want to.
  • UPI transfers aren’t instant, since betting sites take time to validate your transfer and credit the money to your account.

How to deposit with UPI on a betting site

If you’re not sure how to deposit on a betting site with UPI, this article will serve as your guide, showing you everything you need to do step by step.

  • Depositing on a betting site with UPI is super simple!

The following things are required to use UPI

  • A bank account in India
  • A smartphone

Follow the steps below to start making betting deposits with UPI in no time.

STEP 1: DOWNLOAD A UPI WALLET

If you already have a UPI wallet account, you can skip stepping 2.

Before you can start using UPI for betting, you must download the UPI wallet on your smartphone.

UPI is the underlying technology that makes it possible to transfer money between wallets, bank accounts, and betting sites in India.

Most popular UPI wallets

There is a wide selection of different UPI wallets. Here are some of the most popular ones:

  • Paytm
  • PhonePe
  • Google Pay

After downloading your UPI app, you will be asked to fill in a few personal details about yourself.

When that is done, it is time to create your Virtual Payment Address (VPA). This will allow you to send and receive money through UPI.

Go through the on-screen instructions to set up your Virtual Payment Address. It’s simple and fast to do.

Link your bank account to UPI

When transferring money to your UPI wallet of choice, or to other UPI wallet users, your funds are instantly deducted from your bank account.

When you receive money from other UPI users, the money is then instantly added to the same bank account.

So in order to use UPI, it is necessary to link your bank account to your UPI wallet.

Linking your bank account to UPI is easy: You simply type in the phone number registered to your bank account, and UPI will automatically fetch your account and link it.

After following these instructions, you should have a functioning UPI wallet and be ready to make your first deposit on a betting site.

STEP 2: SELECT A UPI BETTING SITE

Not all betting sites accept UPI, so it’s important that you join a betting site with UPI.

Fortunately, a growing number of betting sites in India accept UPI deposits.

Create an account on a UPI betting site

After selecting which betting site you want to join, your next step is to create an account on the betting site.

Creating a betting account is fast, usually taking less than 5 minutes to complete.

Not sure which UPI betting site to join? We recommend trying Betway

Deposit with UPI on Betway

Depositing with UPI on Betway is simple and fast!

Betway is one of the most popular betting sites that accept UPI deposits.

You can deposit on Betway using all UPI-supported apps. This includes:

  • Paytm
  • PhonePe
  • Google Pay
  • BHIM
  • And others

STEP 3: DEPOSIT VIA UPI

Now that you’ve created an account on your betting site of choice, it’s time to make a deposit using UPI.

Depositing money on a betting site via UPI is both fast and easy. Once you’ve done it once, you will see just how easy it is.

To get started, navigate to the deposit money on the betting site, usually called Deposit or Banking.

Once here, select the desired deposit method, in this case, UPI.

Now, you will be redirected to a new screen where you can view the UPI ID (VPA) of the receiving betting site.

There is also a field where you will type in the amount of money you wish to deposit on the betting site.

Type in the amount you want to deposit, then open up your UPI wallet and send the amount to the betting site’s VPA.

What happens next?

The betting site receives your money instantly, but they still need to credit it to your account.

To speed up this process, you can upload proof of payment. This is the transfer receipt from your UPI wallet proving that you made the transfer to the betting site.

After uploading this transfer receipt in the selected field, your money will be credited very fast – usually within minutes.

Please note: if you have waited more than 1 hour and the money is still not visible on your betting account, contact the betting site’s customer support and they will ensure that the money is swiftly deposited to your betting account.

When the money is credited to your account, you can claim a deposit bonus and have more money to play with. Read more about it below.

CLAIM YOUR DEPOSIT BONUS

Having made a successful UPI deposit on a betting site, you are now eligible to claim a deposit bonus.

After making a UPI deposit, you will receive a deposit bonus!

A deposit bonus is a type of welcome bonus that is given to all new players who make a deposit on a betting site.

Did you know? Not all deposit methods enable you to claim a deposit bonus. For example, Skrill and Neteller deposits are generally not qualified for a deposit bonus.

WITHDRAWING MONEY FROM A BETTING SITE WITH UPI

Is it possible to withdraw money from a betting site with UPI? Sure it is!

Withdrawing money via UPI is usually just as simple and easy as making a deposit with UPI.

However, before you can withdraw money from a betting site, you will be required to verify your identity on the site.

This is done to prevent criminal activity such as money laundering.

Once your identity is verified, you will be able to process your withdrawal via UPI.

It is important to note that only players who made a deposit with UPI will be able to withdraw money again using UPI.

For example, if you made a deposit using Neteller, then you will not be able to withdraw using UPI. However, there is a possible loophole to this: If you did make a deposit using a different payment method, and now want to withdraw money using UPI, you can go ahead and make a small deposit on the betting site using UPI.

When that deposit has been processed, you will be able to withdraw the entire amount in your betting account using UPI. Just like that.

Why deposit with UPI on a betting site?

We believe UPI is the best way for Indians to make betting deposits.

UPI is a uniquely Indian payment method. It is convenient for us to set up and use UPI in correlation with our bank account.

Using UPI is cheap. In fact, it’s totally free! So why pay money to make deposits with expensive international e-wallets, when you can use a free Indian service?

Depositing on a betting site with UPI is just easy – so select your UPI betting site and get started today!