PhonePe Betting Sites in India: Bookmakers that Accept PhonePe in May 2024
PhonePe is one of India’s most popular mobile payment platforms with more than 500 million registered users in the country. Due to its prevalence, many Indian sports betting sites now accept PhonePe as a method to deposit and withdraw.
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You can also check out other payment methods accepted by Indian betting sites.
Bookmaker Sports Betting with PhonePe in India: Reliable and Secure
PhonePe takes various measures to ensure their customers' data is completely secure when sending payments and transfers. PhonePe operates in conjunction with UPI (Unified Payments Interface), which is the government-funded payment system that links multiple bank accounts into a single mobile app. You’ll be able to make transfers with peace of mind knowing that your personal information is safe thanks to PhonePe following PCI DSS compliance and incorporating their own data encryption security.
PhonePe stands alone in India with the highest user base, making it arguably the go-to platform for online payments and transfers. This makes it a natural choice for bettors based in India who are looking for a reliable and safe way to fund their online betting account.
Depositing with PhonePe in India for your Sports Bets: Quick and Easy
There are a few steps to follow in order to ensure that you are able to make your first deposit with PhonePe on an online bookmaker. First things first, registering an account.
How do I register with PhonePe to place a bet with an indian bookmaker?
It’s quite simple to register an account with PhonePe and follows a similar process to other payment processors that you may be familiar with. You don’t need a debit card to open a PhonePe account.
- Install the PhonePe app on your mobile device or navigate to the web browser on PC.
- Begin the registration process by entering your mobile number. You will receive a 10-digit one-time password for confirmation.
- Once logged in navigate to “payment methods” and select “add bank account”
- After selecting the bank you wish to add, PhonePe will send a SMS confirmation code.
- Your bank account will now be linked with PhonePe and you can make a deposit.
Registering an account with PhonePe is a simple and straightforward process, not too dissimilar to other payment processors. Follow the above steps and be sure to double check your information when signing-up and you’ll be able to move on to the next step of depositing on a bookmaker.
How Do I Place Sports Bets with PhonePe in India in 2024?
The next process you’ll have to go through after setting up your PhonePe account and linking your banking information is to make a deposit. Head over to your preferred bookmaker and log in to your account. Navigate to the cashier and then to deposit. Select PhonePe and decide on the amount that you wish to deposit. Keep in mind that PhonePe is linked to UPI so you should also be able to use that deposit method if PhonePe isn’t available.
Once you enter your deposit amount you will have to confirm the VPA (Virtual Payment Address), which is essentially your wallet ID number. Each wallet has a unique ID which is used to confirm transfers and payments. The final step is to confirm the transfer on the PhonePe app! After that, your deposit will be loaded into your account and you can begin placing sports bets as normal.
India: Is it Possible to Use PhonePe to Withdraw Money from a Sports Betting Site?
Yes, bookmakers that offer PhonePe as a deposit method will offer it as a withdrawal method as well. This allows the betting sites to comply with the closed-loop policy which simply states that the same method must be used for both deposits and withdrawals.
You’ll follow a very similar process when withdrawing money as you did to deposit it with PhonePe. Head over to the cashier in your account and select “Withdraw”. Locate the PhonePe option, enter the amount you wish to withdraw and your VPA. Withdrawal times can vary from site to site but you can expect your funds to hit your PhonPe account in a few days at the max.
PhonePe Fees: Do They Exist for Sports Betting in India?
You won’t have to worry about paying any additional fees when depositing on sports betting sites. Bookmakers, for the most part, won’t charge a fee for making a deposit or a withdrawal. One of the brilliant aspects of using PhonePe is that they also do not charge their customers any transfer fees. This differs from other payment processing platforms that charge percentages or a flat rate.
You’ll just have to look out for your bank’s policy regarding deposits, withdrawals and transfers. Some banks might charge small fees while others won’t. You can find more information about PhonePe policy on fees by checking out the FAQ section directly on their website.
Does PhonePe have Minimum and Maximum Deposit Amounts for indian online betting sites?
Yes, bookmakers implement minimum and maximum deposit amounts for each payment method that they offer. Be sure to take note of these amounts if they are listed when making a deposit. Remember that maximum withdrawal amounts can sometimes be increased if you contact support.
In the case of 1xBet, for example, the minimum deposit amount is ₹350 while the maximum is ₹50,000. Keep in mind that these amounts can vary depending on the payment option you choose. For example, JioMoney has lower limits set, with ₹250 for a minimum deposit amount and ₹20,000 as a maximum. You also might notice the difference in processing times. Deposits will generally be faster than withdrawals, with some being completed in just a few minutes.
Which indian Bookmaker Mobile Apps Can I Use to Bet with PhonePe?
Mobile sports betting has taken the world by storm, which is not surprising when considering the ease of access and convenience it provides. Research done in 2023 states that roughly three in four sports bets (75%) are made through a mobile sports betting app. This is quite a staggering number and is one that the bookmakers are sure to be acutely aware of. Therefore, sports betting sites in 2024 will almost always offer either a mobile app or an optimized mobile version of their platform.
These apps function nearly identical to the standard betting site, complete with the same features, settings and options for customization. You can even make deposits and withdrawals through the apps, including by use of PhonePe should it be offered as a payment method. You can also refer to our list above for our review and opinions on each bookmaker’s betting app.
Which Is the Best Betting Site in India for PhonePe?
With PhonePe being linked with UPI, you’ll have access to a good amount of sports betting sites in India. Even if PhonePe isn’t listed directly as a deposit method, it’s worth checking if the site offers UPI as it can function the same way. Below are some of the bookmakers in India that offer PhonePe payments options:
- 1xBet
- Dafabet
- Parimatch
- Lottabet
In a Nutshell: Why Use PhonePe at Your Bookmaker for Online Betting in India?
PhonePe is one of the top payment processing platforms in India with an enormous user base of over 500 million registered users. Being backed by UPI ensures customers that they’re personal information and data is protected with the latest encryption technology. You’ll also experience fast deposits and withdrawals with PhonePe, making it a perfect option for a time sensitive activity such as sports betting.
We can wholeheartedly recommend PhonePe for sports betting enthusiasts located in India and it should be at the top of your list when considering which payment methods to use.
Payment methods for betting sites in India:
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