Indian punters who want to find an easier way to make payments at online betting sites need to look no further than PhonePe. PhonePe betting sites offer no fuss payment procedures, fee free deposits and payments in Indian Rupees.
Geo-restrictions apply. You must have a funded account or to have placed a bet in the last 24 hours
Top 10 Best PhonePe Betting Sites 2021
What is PhonePe?
PhonePe is an Indian digital wallet and payment service based on the Unified Payments Interface. Highly optimised for Indian punters, PhonePe is available in 11 local Indian languages and is licensed by the Reserve Bank of India.
Is PhonePe Safe?
As a Reserve Bank of India licenced financial service, the operations of PhonePe are highly regulated and safe. PhonePe consistently implement fraud prevention initiatives such as real-time IP and location signals to account fraudulent transaction details.
How to Use PhonePe
To use PhonePe, all you need is your BHIM UPI PIN. All transactions made using the service at PhonePe betting sites will be verified using this pin and it’s a good idea to keep your mobile phone handy in case an OTC is required.
How to Open a PhonePe Account
Before heading to a betting site that accepts PhonePe payments, you must download the PhonePe app. The PhonePe app can be found at both the iOS app store and Google Play. With the PhonePe app downloaded its time to register an account and the process couldn’t be easier.
- The first step will be to verify your mobile phone number with PhonePe. This must be the same number that is linked to the bank account you will use. Enter the number and you will receive a one-time password (OTC). Enter the OTC and press verify to continue.
- The next step will be to enter your personal details. PhonePe only requires basic information such as your full name and email address. You will also be requested to create a 4-digit password. Enter your details, create a password, accept the terms and conditions, and then press Activate Account to proceed.
- Now you will need to create your new Virtual Payment Address (VPA) which will act as the username for your new PhonePe account. With this VPA, you will be able to make payments at PhonePe betting sites without having to enter your account number.
- With a new VPA you can now go ahead and link your PhonePe account to your personal bank account. Select your bank account and PhonePe will receive your bank details via your verified mobile number. Confirm your details and your almost ready!
- To authorise transactions you’ll need to provide your BHIM UPI PIN. If you already have a BHIM UPI pin, then great, you’re good to go.
For others, you’ll need to set one up. Select Set BHIM UPI PIN from account details. Create your BHIM UPI PIN by entering the last 6-digits of your debit/bank card, the expiry date, and the OTC that will be sent to your mobile device.
- How easy was that? You are now ready to head to PhonePe betting sites and make PhonePe betting deposits.
How to make PhonePe Betting Deposits
PhonePe betting sites make Phone betting deposits so very easy to complete. In only a few short steps, you could be wagering on the IPL or your favourite premier league team, before you know it.
Always remember that there are minimum and maximum limitations on PhonePe betting deposits and always read the terms and conditions associated with any potential welcome bonus.
- Choose from any number of PhonePe betting sites and register an account. Navigate to the cashier section and select deposits.
- Select PhonePe and enter your payment amount, email, phone number, and sometimes a description. Proceed and you will be sent to a payment gateway where you can log in to your PhonePe account using the 4-digit pin. You will need to enter your BHIM UPI PIN to confirm the transaction.
- With the transaction confirmed, you are set. Most PhonePe betting deposits are instant but may take up to 3 hours to arrive in your betting account.
As a UPI-based app, you can make PhonePe betting deposits at more operators than you think. It’s not just PhonePe betting sites but PhonePe can be used to make payments at operators that accept UPI or NetBanking.
How to make PhonePe Betting Withdrawals
To make PhonePe betting withdrawals you just need to use the betting sites UPI method of withdrawal. PhonePe betting sites will require you to complete a simple Know Your Customer (KYC) procedure when you make your first withdrawal. This is fairly straight forward and you’ll only need to do it once.
Once again, betting sites will have minimum and maximum amounts you can withdraw and you’ll want to complete any bonus requirements if you have any in play. Follow our quick guide and you’ll be making PhonePe betting withdrawals in no time.
- Navigate to the cashier section and this time select Withdrawals or Withdraw Funds.
- Select UPI or NetBanking as your withdrawal method and a withdrawal amount.
- Verify the transaction in the PhonePe app using your BHIM UPI PIN.
That’s it! However, PhonePe betting withdrawals may take 24-72 hours to appear in your account.
Geo-restrictions apply. You must have a funded account or to have placed a bet in the last 24 hours
Advantage and Disadvantages of PhonePe
Like all payment methods available at PhonePe betting sites, PhonePe has both advantages and disadvantages. Don’t worry – we’ve done the research for you and have created a simple list of the pros and cons of using this payment service at PhonePe betting sites.
Pros
- Zero deposit fees
- All transactions can be completed in Indian Rupees
- PhonePe can be used to make UPI/NetBanking transactions
- Highly regulated by the Reserve Bank of India
- Account can be accessed with a single PIN.
Cons
- Some deposits can take up to 3 hours to be processed.
- Less security features than many other digital platforms
Best PhonePe Betting Sites
There are a some great PhonePe betting sites available to Indian punters and even more UPI betting sites that will accept PhonePe payments. So with so much choice, we understand it might be a bit tough to determine the best PhonePe betting sites. That’s why we have gone ahead and selected 2 of the very best betting sites accepting PhonePe payments.
1xBet
As one of the largest international PhonePe betting sites in the world, 1xBet is feature-packed! A tremendously large and varied sport selection, alongside a diverse range of betting options, 1xBet is the best PhonePe betting site.
If you can’t find the match at 1xBet, then the match probably doesn’t exist! The incredible number of sports available is game changing. The size of the live betting market at 1xBet is truly mighty and even offer live streaming of selected matches. 1xBet is Indian focused and all of the many payment methods available accept rupees.
Betway
If you’re looking for amazing IPL odds and truly monstrous number of betting markets, then look no further than Betway. Betway offer great in-play and pre-match betting options for not only major sports but even politics and e-sports! Odds are highly competitive and the user interface make live betting a breeze.
Knowing the facts and figures can be integral to making an informed bet, so Betway features an immense array of historical data, in-play statistics, and live updates, to fully support your wagering decisions. Betway is certainly one of the best PhonePe betting sites for live betting.
Best PhonePe Betting Sites for Cricket
There is nothing quite like the rush of wagering on the great game of cricket. PhonePe betting sites offer dedicated cricket sections and wonderfully big markets to choose from. We love cricket, so it was easy to go ahead and select the very best cricket betting sites that accept PhonePe betting payments.
10Cric
Of all the betting sites available to Indians, none are as cricket focused as 10Cric! 10Cric really values Indian punters and have made sure that their cricket options are a class above. Almost every cricket competition you can think of is available at 10Cric. From the IPL and International test matches, all the way through to the Asia and Momentum Cups.
Live cricket betting is an exciting experience with altering odds that are generated from the 10Cric experts who perform rigorous analysis. The 10Cric power odds feature matches with enhanced odds and are an excellent way to make some extra rupees! No cricket matches in play? Then 10Cric offer over 40 different sports to wager on.
Melbet
With well over 100 different cricket markets and a one-click live betting platform, Melbet is one of the best PhonePe betting sites for punting on cricket matches. Melbet are one of a few PhonePe betting sites that offer live streaming too! You can bet on live IPL matches while watching them at the same time.
Move on from cricket for a moment and you’ll see that Melbet is no slouch in the great sporting department. There are thousands of markets covering a massively diverse range of sports including e-sports. You’ll find more than 200 sports to bet on a daily basis and the platform is wonderfully intuitive to navigate.
PhonePe Alternatives
There is so much choice at PhonePe betting sites online – You don’t have to use PhonePe if you don’t want to. With so many different betting payment methods available to Indian punters, you can be sure to find an alternative that will suit your needs.
Prepaid Cards
For punters who want to wager with a good level of anonymity, prepaid cards are a simple solution available to PhonePe betting sites. Prepaid cards can be purchased with cash rupees at retailers located all over India and used to make payments at PhonePe betting sites.
Prepaid cards work just like a debit or credit card but they have the added benefit of not requiring any personal banking details. Prepaid cards are available as digital virtual cards, so security conscience punters won’t have to look after a physical card. Prepaid cards can be used at any Visa and Mastercard betting sites.
e-Wallets
E-Wallets are one of the most popular payment methods for making payments at online Phone betting sites because they have such a fantastic mixture of high-quality features. There are several major e-Wallet payment systems now and each have plenty to offer Indian punters.
Neteller users benefit from very low fee’s and incredibly fast deposit speeds. Paytm continues to grow every day in India and is an Indian service that operates much like PhonePe. Google Pay is widely accepted at PhonePe betting sites and you will plenty more Google Pay betting sites available to Indian punters. Not just for your personal banking debit/credit card, Google Pay can also be used to make your physical prepaid card a virtual card and adds one more layer of security for making payments at PhonePe betting sites.
There is a plethora of Skrill betting sites available to Indian punters and that comes as little surprise considering that Skrill is one of the simplest payment solutions available at PhonePe betting sites. PayPal is probably the most well-known e-Wallet services in India and have no problem finding PayPal betting sites in India. Not the best service for the privacy conscience punters in India as PayPal still requires Indian users to link their personal bank account.
E-wallets are a fantastic payment solution with many different features that can be used at PhonePe betting sites in India.
UPI
Integral to PhonePe and Paytm platforms, UPI is an Indian designed and produced payment service. UPI allows punters at PhonePe betting sites to safely link their personal banking account and make payments quickly and securely.
UPI is another real-time payment system and allows Indian punters to make payments at PhonePe betting sites with only a single UPI ID. UPI offers one-click payments at PhonePe betting sites and is highly regulated. UPI betting sites are everywhere in India too, so you won’t have a problem finding the perfect betting site for you!
Cryptocurrencies
Still developing as an accepted payment method at many PhonePe betting sites in India, cryptocurrencies such as Bitcoin are a fast and safe payment solution. Cryptocurrencies near impregnable security by leveraging modern blockchain technology to keep a perfect ledger of transactions that simultaneously allow users to remain completely anonymous.
Indian punters don’t need to let third-parties anywhere near their personal bank accounts when wagering at cryptocurrency betting sites. Crypto payments are fast and cheap but unfortunately cryptocurrencies are still not widely accepted at PhonePe betting sites.
History of PhonePe
PhonePe was founded in 2015 as a UPI-based payment service that was perfectly tailored for the Indian market. With PhonePe you can pay for a variety of local services such as Redbus tickets, Ola rides, and pay utility bills.
PhonePe has gone on to partner with over 180 different consumer brands in India and have even launched unique PhonePe ATMs that allow cash to be dispensed at Kirana stores. The digital payment service has won multiple awards including Best Mobile Payment Product or Service in 2019.
FAQs
What is PhonePe?
PhonePe is an Indian digital payment service that allows players to make easy payments at many betting sites in India with their personal bank account. This payment service offers digital wallets and UPI payments at Indian betting sites.
Is PhonePe Safe?
Yes. PhonePe are always implementing fraud prevention measures and are regulated by the Reserve Bank of India. PhonePe betting sites are also highly regulated and use high-end encryption protocols for secure sports betting.
What Betting Sites Accept PhonePe?
There are several PhonePe betting sites available and PhonePe can also be used to make UPI payments at even more betting sites. We recommend Betway and 1xBet as the best PhonePe betting sites.
What is the Best Cricket Betting Site for PhonePe?
Cricket lovers will want to wager at 10Cric and Melbet.
Are there any Alternatives to PhonePe?
Yes. There are many different e-wallet services available at PhonePe betting sites. You can also use prepaid cards, cryptocurrency, or even your own debit/credit card.
Are There Any Fees?
There are no deposit fees when using this payment service at PhonePe betting sites.
Geo-restrictions apply. You must have a funded account or to have placed a bet in the last 24 hours
CricketBettingAdvice Final Words
PhonePe betting sites allow Indian punters to make safe deposits and withdrawals to their personal bank account. Transactions can be made very quickly with PhonePe and as a UPI-based service, PhonePe is widely accepted. PhonePe betting sites are one of the bets ways to wager on sports in India.
The Cricket Betting Advice team of writers are all defined by one goal: to provide you with the best online betting content on the web.