Bhavin Vasa
Sports journalist. Big cricket and football fan. Been writing sports news for many years and now developing my own sports and betting website with honest and professional reviews.
UPI for Indian Players: Online Betting Payments
UPI betting sites allow registered users to make instant deposits and withdrawals via the Unified Payments Interface, which was developed for smooth interbank transactions. Since 2016, when this payment system became available for public use, it has been rightfully considered one of the most successful fintech solutions in India. The convincing arguments in favor of this option are:
- Stable and secure transaction processing;
- Ease of use;
- Diversity of features, including a range of mobile applications that comply with UPI payments.
To utilize this method for topping up your balance on betting sites and cashing out your winnings, register your UPI ID and install a UPI-enabled application on your mobile device. We’ll tell you how to handle this and other tasks in our in-depth review.
List of Betting Sites That Accept UPI Deposits
There are a plethora of betting sites that accept UPI in India. This banking tool has numerous advantages, and just imagine its power: it has made India the world’s largest market for real-time financial transactions. Now, it continues to develop. Transaction limits are increasing, which is extremely beneficial for bettors who prefer high stakes.
Still, we’d say that choosing a bookmaker with UPI support from the entire range is not as straightforward as it seems. We are going to navigate you through the diversity of variants so that you can join a reliable sportsbook that provides you with services that suit your exclusive needs and meet your security expectations. We’ve also considered promotional offers and enumerated the best UPI betting sites below.
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1
 4raBet
Welcome bonus 600% welcome bonus up to ₹60,000 |
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2
 Batery
Welcome bonus 200% for sports 150% for casino + 200 FS |
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3
 Parimatch
Welcome bonus 450% up to ₹50,000 |
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4
 Satbet
Welcome bonus 100% up to ₹10,000 |
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5
 BC.Game
Welcome bonus 1st deposit bonus 270% up to 20,000 BCD |
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6
 Paripesa
Welcome bonus 100% up to ₹8,000 on the first deposit |
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7
 Megapari
Welcome bonus 130% up to ₹39,000 with using a promo code |
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8
 Dafabet
Welcome bonus 160% up to ₹16,000 for new players |
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9
 Mostbet
Welcome bonus 125% up to ₹25,000 +250 FS on first deposit |
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10
 1xBet
Welcome bonus 100% up to ₹20,000 |
Exploring the Key Features of UPI: What You Need to Know
UPI was launched in 2016. It was developed by the National Payments Corporation of India, founded by the RBI and the Indian Banks’ Association, which consists of over 60 fintech companies. The banking tool looks like an updated version of the IMPS.
You can now enjoy accelerated processing for direct transfers between the bank accounts of the sender and the receiver. Deposits and withdrawals are typically completed in seconds. You can also link more than one bank account to your UPI ID and pay no fees for transferring money.
To benefit from the services, it is suggested that you choose a preferred UPI betting app among a wide range that includes the most popular ones, like Paytm, PhonePe, or Google Pay. There are also mobile applications created by banks exclusively for this purpose. In total, there are over 77 mobile platforms in this ecosystem.
Let’s look at some key details that most Indian bettors are looking for in terms of payments.
| Deposit and withdrawal limits | Commonly, the minimum deposit depends on betting sites and can be about ₹300. The maximum limit is defined by the payment system strictly and it is ₹100,000 per day. Withdrawal limits vary based on the terms established by the betting site and usually start from ₹500-800 |
| Processing time for deposits and withdrawals | Instant deposits and withdrawals |
| Indian rupees | Yes, supported |
| Number of users | Over 350 million (monthly) |
| Languages | Hindi, Telugu, Tamil, Malayalam, Kannada, and Bengali |
| Countries | India |
Legitimacy of UPI in India
UPI is regulated by the Indian government through the Reserve Bank of India. The launch of this mobile-based payment system was considered a digital breakthrough in terms of providing straightforward access to financial services for every Indian user who is involved in cashless transactions. Now, it has become a source of pride for the Indian nation. And, of course, all transactions are absolutely legal, safe, and secure.
Security of the UPI system
UPI adheres to guidelines set by the Reserve Bank of India (RBI). As a result, the payment system meets high security and operational standards, safeguarding against fraud and failures. The measures taken to ensure protection continue to improve.
You can count on the proper confidentiality of sensitive information and the safety of your finances which are protected from unauthorized access.
Commissions on UPI Payments on Betting Sites
UPI services are free of charge for individuals. This policy, established by the NPCI, aims to promote digital payments accessible to the general public in India. However, merchants are required to pay certain fees.
How to Create a UPI ID: 8 Simple Steps to Get Started
To use this banking tool on betting sites, you must have a bank account in your name in India, a mobile phone (both Android and iOS devices are compatible with the ecosystem), and access to the Internet. Your phone number must be linked to your bank account. Next, you should create your unique UPI ID by following our guide:
- Download the best UPI betting app of your choice (for instance, Paytm, BHIM, or PhonePe) on your mobile phone from the App Store or the Google Play Store.
- Open the wallet and register by entering the required data (your name, date of birth, residence address, phone number, and password).
- Verify your mobile phone number using the one-time password sent to the specified phone number.
- Select your bank and add the required data like your bank account number.
- Verify the provided data, as required in some applications.
- Set your UPI ID, which can include your user and bank name for easy recall.
- Wait for your UPI ID to be verified by the system to avoid duplication and press OK when the message saying about verification pops up.
- Make payments by providing only your virtual payment address (UPI ID) instead of your sensitive bank details.
Utilizing UPI for Everyday Transactions in India
Indian people use this method to transfer money between wallets, bank accounts, and betting sites. This underlying technology makes it possible to send funds directly from one person to another (like family, friends, or even your additional account) or from a person to a merchant (like UPI cricket betting sites) without any intermediary. Only Indian rupees are accepted.
The instrument allows for paying mobile, utility, restaurant, store, and insurance bills. Also, international payments to a range of participating merchants from Europe, Singapore, the UAE, and Nepal are available.
To transfer money with UPI, you can use any of these ways:
- Bank account details;
- Virtual Payment Address;
- Mobile number;
- A unique QR code.
Most betting sites gladly support this banking instrument in India. They contribute to the local government’s goal to make UPI a successful global payments network with the widest coverage. As the system undergoes continuous improvement, you can anticipate further innovations. Recently, it has become available for users in rural areas and Indian residents who are traveling or working abroad. As a result, even more betting sites will be able to cover more categories of bettors.
Types of Sports Available with UPI Deposits
There are a lot of sports to bet on for users of betting sites accepting UPI. By using this payment method for replenishments, you can place bets on any sports market according to the general bookmaker’s rules and terms. Among the most sought-after sports and cybersports you will find:
- Cricket;
- Kabaddi;
- Football;
- Badminton;
- Table Tennis;
- Basketball;
- Tennis;
- Dota 2;
- CS 2;
- League of Legends.
When you top up your gaming balance via the UPI betting app or site, you are eligible to claim any available bonus (such as a welcome bonus or reload bonus) and collect points to level up within the loyalty program. Of course, you can easily cash out the winnings if they are generated via the UPI deposit.
Depositing to a Bookmaker’s Account via UPI
You can easily make a deposit for betting with UPI if you have a registered UPI ID and wallet. The instructions are:
- Sign up or sign in to your betting site profile.
- Access the cashier and pick “Deposit.”
- On the deposit page, select UPI from other payment options.
- On a new screen, look for the betting site’s virtual payment address (VPA).
- Enter the amount you are going to deposit.
- Open up your UPI wallet and send the amount to the betting site’s VPA.
- Provide proof of payment.
- Get the amount on your balance instantly (or in up to 10 minutes).
Withdrawing from a Bookmaker’s Account via UPI
You can use this method for cashing out on both time-tested and new UPI betting sites, as long as you have already used it for your recent deposits. If you haven’t already, you can deposit a small amount via UPI to this bookmaker, which will allow you to activate the payment option for cashing out. To initiate such a request, follow these steps from our experts:
- Log in to a betting site.
- Ensure that your identity has been properly verified.
- Go to the cashier.
- Switch to the Withdrawal tab.
- Select your cash-out option from the list.
- Type your banking details and information about your UPI wallet.
- Insert the sum to cash out.
- Submit your withdrawal request by clicking the final button (such as “Withdraw”).
- Receive your money instantly. The maximum period is 3 hours of your request.
List of Indian Banks that Facilitate UPI Transactions
It may be easier to identify the banks that do not accept this payment method, which is an Indian government initiative. The UPI framework integrates over 550 financial institutions. If you already have an account with a local bank, they likely support this option. The list includes:
- Axis Bank;
- Bank of Baroda;
- ICICI Bank;
- Central Bank of India;
- Canara Bank.
These financial institutions provide services under favorable conditions due to their unique status and the possibility of accessing the instrument’s updated functionalities as soon as they are available.
Strengths and Weaknesses of the UPI Usage for Indian Players
In addition to its reliability, security, and high speed of transactions, we’d highlight the most significant advantages that help UPI stand out among other payment tools in India. There are some weaknesses of this instrument on sports betting sites with UPI as well.
Pros
- Free of charge for most transactions on betting sites;
- Legality due to regulation by the RBI;
- User-friendly interface that comes with useful features, like tracking your transactions;
- Possibly the widest coverage in India;
- Ability to link multiple accounts to your UPI ID, offering flexibility in managing funds for betting;
- Accessibility on numerous international betting sites focused on India;
- Direct cash transfers without any intermediaries.
Cons
- A stable Internet connection is needed, as even slight connection failures cause interruptions in transfers;
- The UPI has daily transaction limits set by banks;
- Users may experience occasional technical glitches or downtime with the UPI, which can delay transactions, but not often.
Our Final Thoughts
We’d say that UPI is the most reliable Indian banking tool for instant mobile payments. It is widely accepted by both global and local betting sites as well as Indian banks.
From the environment that consists of financial institutions and merchants (including betting sites which accept UPI), there will be the fullest support. Each participant will contribute to the national idea and provide UPI users with more beneficial conditions, taking into account different financial and literacy levels. The system’s purpose is to facilitate payments, not to make them understood by only advanced users. That is why we highly recommend it.
Faq
Why cannot I deposit an amount that is lower than the official UPI limit?
The point is that betting sites have the right to establish their own limits within the UPI range.
Which betting sites enable me to track my UPI payment details?
Commonly, all betting sites provide you with such an option in your personal profile area. Also, you can check the status of a certain transaction on the UPI wallet using your transaction ID. The system stores information about the transferred amount, the date and time of the request’s submission, and the recipient’s and sender’s banking details.
Can I bet without restrictions with UPI deposits in India?
Of course, you can. Numerous betting sites accept UPI, including those listed above, and they allow for unrestricted betting on real money cashed in via UPI.
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