Phonepe Cricket Betting Guide
PhonePe is one of the options when depositing money to online sports betting account. If you have not tried it before or planning to use such a method in funding your online betting account, you have to read this article to the very end. It will give all information you need to start using PhonePe.
Written By Aditi Patel Editor in Chief.Fact-checked & Updated on 19th June 2022 by Ushan Arya Industry Researcher.
Published on 10th Feburary 2022.
Best Online Betting Sites That Accept PhonePe
How to deposit at sports betting sites using PhonePe?
PhonePe is a form of online wallet and digital payment app exclusive for Indians. It lets you transfer funds with UPI (Unified Payments Interface) instantly. If you are familiar with UPI, it is a fund transfer method that does not reveal any banking details. The fund transfer is instant. Your UPI ID will be issued by the banks of India or numerous wallets like Google Pay, Paytm, and PhonePe.
What are the best sites to make a deposit using PhonePe?
It is a popular sports betting site and is so fortunate to offer PhonePe as one of its deposit options. It provides a wide array of deposit methods so punters can choose a method that works best for them.
Below are the steps when depositing funds from PhonePe to 1xbet:
- Log in to your 1xBet account.
- Head over to the cashier section/deposit found at the top right-hand corner of the homepage.
- You will see available deposit options. Click PhonePe, and you will be directed to the payment gateway.
- On your PhonePe account, you will be asked to fill in some information, and a UTR number will be generated.
- Specify the amount you want to deposit along with your name on PhonePe, your PhonePe ID, and your UTR number.
- It would only take a few minutes for the money to reflect in your account. That’s how instant fund transfer with PhonePe is.
PhonePe Pros & Cons
The use of PhonePe for sports betting comes with advantages and a few disadvantages, although in our list, the pros outnumbered the cons.
Pros
- It lets you instantly transfer funds to your online sports betting account
- A huge number of online bookies accept deposits made using PhonePe
- The fund transfer is free of charge and facilitates payments in Indian Rupees. Therefore, you don’t need to convert currency, thereby helping you save money from currency conversion fees
- All transactions are guaranteed to be safe and secure
Cons
- The payment verification process may take a few hours (max of 3 hours)
Is PhonePe a safe and secure fund transfer method?
When transferring funds online, we always want to be certain that the transaction is safe and secure. With PhonePe, you will not have any problem, for it is a safe, reliable, and highly reputable fund transfer method. It is licensed by the Reserve Bank of India and strictly abide by the rules and regulations of the national and international financial bodies. Rest assured that all transactions that take place on PhonePe are safe and secure. Plus, if you transfer funds to your sports betting account, you will receive feedback on whether the transaction pushed through or not. Hence, it will be easy for you to monitor the transaction. If the transaction doesn’t push through, the money will be reversed to your account.
Other betting sites that accept deposits from PhonePe
Many online betting sites accept Indian punters, and each betting site comes with unique features and functions. PhonePe made transactions easier, and it’s fortunate that there are numerous betting sites that accept PhonePe. These are the following:
It is one of the online betting sites that accept fund transfers made through PhonePe. To transfer funds to this site, the following steps apply:
- On your 10cric betting account, head to the deposit section and choose NetBanking or UPI to deposit using PhonePe.
- Specify the amount you want to deposit.
- Add your national ID numbers such as Pan card number or Aadhar card number.
- Choose PhonePe as your preferred payment channel.
- Click complete purchase, and you will be redirected to PhonePe.
- Once you confirm the payment from PhonePe, the money will be deducted from your PhonePe account and will reflect on your 10Cric account right away.
Another sports betting site that accepts deposits via PhonePe is 22Bet. It only takes an email id and a few personal information to sign up for an account with 22Bet.
- Log in to your 22Bet account.
- Head over to the cashier section, where the icon is located at the top right-hand corner of the homepage.
- Click UPI as the payment portal of choice.
- Select PhonePe and specify the amount you want to deposit.
- Log in to your PhonePe account to complete the fund transfer.
- Once the transaction is completed, the money will be deducted from your PhonePe account and will reflect in your 22Bet account.
Tips and Guides when transferring funds to sports betting sites through PhonePe
Start with creating a PhonePe Wallet.
- To create a PhonePe wallet, you should first download the PhonePe app on the device you are using. PhonePe is compatible with both iOS and Android devices.
- Once the app is downloaded and installed, it will ask for your contact number to be used to send OTP to verify your account.
- Once your PhonePe account is verified, you can now use it to transfer funds.
- Please note that you will have to undergo a KYC process so you can maximize the features that PhonePe has to offer, such as increasing your balance limit.
Connecting your bank account with PhonePe wallet
Below are the steps to follow when connecting your bank account to PhonePe Wallet. Basically, it’s a guide on how to link your bank account to PhonePe.
- Head over to the money page and choose bank accounts in the payment section tab.
- Tap the “add new bank account” found at the bottom of the page.
- Choose your bank, and PhonePe will fetch your bank account linked with your registered mobile number.
- You will then be asked to set a UPI Pin.
- If your bank details are not fetched, you can enter your debit card details.
- The most important thing is to provide all required information so you can head over to the next step. You will then see your bank account linked to the PhonePe app.
- PhonePe can now transfer funds to your linked bank account.
- Keep in mind that you cannot withdraw into your main bank account your PhonePe cashback balance.
Depositing money into your PhonePe wallet
To load funds in your PhonePe wallet, follow these steps:
- Head over to the money section.
- Go to the wallets/gift voucher section and choose PhonePe wallet.
- Choose your preferred mode of payment: debit card, credit card, BHIM UPI.
- Click the “top-up wallet.”
- Authenticate the transaction to complete the process.
Withdrawing money from your PhonePe Wallet
Below are the steps to follow when withdrawing funds from your PhonePe account:
- Open the PhonePe app on your device.
- Head over to the money section.
- Go to the wallets/gift voucher section and choose PhonePe wallet.
- Go to the withdrawal tab found at the topmost part of the screen.
- Click the wallet icon and drag it down to your bank account icon.
Final Thoughts…
PhonePe is one of the most preferred and highly popular payment solutions for Indians. In fact, millions of Indian punters have used it since its creation in 2016. The fact that it is a fund transfer based on UPI only goes to show that it is trusted and secured as it is licensed by the Reserve Bank of India.
It also has a dedicated app that currently has over 289 million users. A huge number of online betting sites accept PhonePe because of the many advantages it offers, namely security and ease of fund transfer. However, before you start transferring funds using PhonePe, you need to make sure that the sports betting platform is legit and credible.
Frequently Asked Questions
