UPI Betting Sites 2024

Why UPI?

Many street vendors, supermarkets, and retail stores now accept UPI payments. Online merchants such as betting sites can also accept UPI payments. UPI is one the simplest and easiest way to make online transactions. Betting with UPI also considered as one of the fastest mode of money transfer, in few seconds you can set up your betting account. Indian punters will find a variety of UPI betting sites available.

Reasons for Choosing Betting Sites that accept UPI

Due to several factors such as speed, ease of use, and reliability, UPI payments make sense compared to other payment options. In an effort to make themselves more attractive to Indian punters, many bookmakers have offered support for Indian currencies and allow betting with UPI.

• Local currencies avoid the costly currency conversion process, UPI are always the best option.
• UPI considered as, a fastest payment method that doesn’t charge any fees.
• Through UPI, money is also deposited into the betting account instantly.
• UPI Payment options are regulated by the federal reserve of India, which ensures their safety.

UPI Deposit Services

You can make a UPI deposit or withdrawal in the following ways you need just find best betting site that accepts UPI:

• A VPA allows you to request money from or to a bank account.
• Using a Mobile Number, you can request or send money to/from a bank account.
• Bank account Number: Send money to a bank account.
• Money can be sent to a bank account using the Aadhaar number.
• QR code contains a number such as a VPA, mobile number, or IFSC.

5 Steps to Withdraw from UPI Betting Sites

Withdrawing winning amount from betting site using UPI is very easy. Withdrawals from a betting sites that accept UPI or from someone else, is known as a “Pull”.

1. Log into whatever UPI India you are using and click on “Collect Money”.
2. Enter the remitter’s virtual ID, the amount you wish to collect, and the account where the funds should be deposited.
3. You will receive a message with your request for payment if you want to collect winnings from UPI betting sites in India.
4. To authorize the transaction, the UPI betting site simply needs to enter their UPI PIN.
5. Once the transaction has been completed, both the recipient and the sender, in this case the UPI betting site, will receive a confirmation SMS then you can start betting on betting sites that accept UPI.

Here is an example with Parimatch:

If you are making withdraw your winnings amount from PARIMATCH then you have to follow below steps:

1. Open your PARIMATCH account.
2. Click on your Profile.
3. Click on ‘Finances’, choose Withdraw option and click on it.
4. Choose ‘UPI’ method among all of them.
5. Enter amount you want to withdraw.
6. Enter your VPA/UPI id.
7. The winning amount will be credited in your bank account linked with UPI.

Note: *You may need to wait between 15 minutes and 48 hours for withdrawals depending on the payment system you choose.

1. Using Bank Account Details

Money can be transferred by entering the bank account information of the receiver. You must provide the account holder’s name, account number, IFSC code and the amount to be transferred.

Once all the details have been stored, it’s easy to transfer money without having to manually enter the information again and again.

2. Using VPA

Every UPI app creates a unique VPA or Virtual Payment Address for each user. If you want to request money from someone or send money to someone, you can use this unique ID.

You will need the receiver’s VPA or UPI ID and the amount to transfer. Touch on Send button and you’re done! Betting sites use this method to deposit and withdraw.

3. Using Mobile Number

You can use this method to transfer money only to a UPI user whose mobile number is registered with the UPI ID. This registered phone number will be used to transfer the money.

4. Using QR Code

You can transfer money using UPI by scanning the receiver’s QR code using your UPI app. Using the QR Code, any amount of money can be sent to the receiver. By entering the desired amount and clicking on Send, you will be able to send the money. Within seconds, the receiver will receive the amount!

IMPORTANT: UPI is one of the popular platform for online transactions, it can experience down sometimes due to some technical issues. You can consider alternative payment methods instead of UPI like Neteller and Skrill. These both methods provides you seamless, secure, and globally accepted online betting transactions.