The Best PhonePe Betting Sites In India: 2021
PhonePe is an Indian financial services company and a mobile platform through which you can make digital payments. The PhonePe app is based on the UPI system i.e.Unified Payments Interface. When you fill in your bank account details, your UPI ID is created. This app gives you access to various services like transferring money using UPI, recharging phone numbers, DTH, data cards, paying various utility bills, etc. It is available in 11 Indian languages and it has got licensed by The Reserve Bank of India.
For Indian punters, this is a highly enhanced platform. It is an easy way to make payments at online betting sites as the deposits made are free from fees. On PhonePe betting sites, transactions using Indian Rupees are allowed.
Safety of PhonePe
PhonePe ensures safety to its users as all the transactions are carried out over secure banking networks. It implements initiatives to curb fraudulent practices. These include real-time IP and location signals.
How to Use PhonePe?
You can make payments through this app using a BHIM UPI PIN. This 4 or 6 digit PIN is validated by your bank account. All your transactions on the online betting sites are authenticated using this UPI PIN. To open an account on PhonePe, you have downloaded the app on your device. You can download it from the iOS app store as well as Google Play. Registration of your account can be done by following these simple steps:
- Verify mobile number with PhonePe: Enter the mobile number which is linked to your bank account. You will receive an OTP on that same number. After entering that OTP, press verify to continue the process.
- Enter your details: You will only be asked for basic information such as your full name and email address. Then, create a 4-digit password. Press Activate Account for the next step.
- Create your VPA: VPA stands for Virtual Payment Address. This serves as the username for your PhonePe account. Betting sites that accept PhonePe payments ask for VPA instead of your actual account number.
- Link your PhonePe account to your bank account: This can be done using your VPA. Choose your bank and then confirm your bank details. These are sent to PhonePe through your verified mobile number.
- Authorize your transactions with your UPI PIN: To create this pin, choose ‘Set UPI PIN’ from account details. This pin can be created using the last 6 digits debit /bank card, expiry date, and the OTP that will be sent to your registered number. If you already have a BHIM UPI Pin, just enter it and you will proceed further.
This your PhonePe account is created and you are now ready to make further transactions on your favorite betting sites.
How to make Betting Deposits and Withdrawals using PhonePe?
Betting sites accepting PhonePe make operations like deposits and withdrawals very simple to perform.
PhonePe betting deposits
To deposit on any PhonePe betting site,
- After registering your account on that site, go to the cashier section. Select deposits.
- Click on PhonePe. Enter the amount you want to pay, email, phone number, and also a description if needed.
- Login to your PhonePe account using your 4-digit BHIM UPI pin. Confirm your transaction.
The amount is deposited into your account within few seconds. It is as fast as that. But sometimes it can also take up to 3 hours for the deposit to take place.
PhonePe betting withdrawals
Betting sites have a UPI method of withdrawal. Before your first withdrawal, you have to complete a KYC (Know Your Customer) process. To make a withdrawal,
- In the cashier section, click on Withdrawals / Withdraw Funds.
- Select your withdrawal method (can be UPI or Net Banking) and enter the amount you wish to withdraw.
- In the PhonePe app, verify this transaction using your BHIM UPI PIN.
These withdrawals usually appear in your account within 3 days.
There are some limits to the maximum and minimum amount of money you want to deposit into or withdraw from your account.
Best PhonePe Betting Sites
For Indian punters, PhonePe has some great betting sites. There are also UPI betting sites where PhonePe payments are accepted. These are the two best online PhonePe betting sites:
- Rajabets: This site being one of the largest international PhonePe betting sites in India, has many features, offers a huge variety in sport selection, has vast markets and multiple betting options. Most of the matches played are available on PhonePe for betting. Some matches are live-streamed and Rajabets offers live-betting options too. It favors Indians by making all its transactions available in Rupees.
- Betway: This site offers you many betting markets along with some amazing odds for IPL. If you wish to wager on esports and politics, Betway provides pre-match and in-play betting options as well. Before making a bet, make sure that you go through all the historical data, in-play statistics, and live updates available on Betway to make the best out of it. After all, a well-informed bet can surely be profitable.
Best PhonePe Cricket Betting Sites
India has a gigantic cricket fanbase and there is nothing more exciting than wagering on your favorite matches. Considering the same, PhonePe betting sites have vast markets and some sections are completely dedicated to cricket. These are the two best cricket betting sites accepting PhonePe payments:
- Rajabets: Through Rajabets, you can bet on any cricket match of your choice. For live betting, odds are generated through expert analysis. Other than cricket, it provides 40 different sports that you can wager upon and try out your luck with.
- Melbet: This site has 100 different markets just for cricket. The special feature of this MELbet is that you can live stream cricket matches while making one-click bets on them. Alongside cricket, there are 200 sports and a huge number of markets for you to bet on.
Thus, PhonePe is a reliable platform that provides security to your transactions making your betting experiences easier, faster, and more enjoyable.