Drawing from my experience in the online betting industry, I've created a simplified guide to help you deposit funds using UPI. To make it as clear and easy to follow as possible, I've included screenshots for each step. This guide is designed to demystify the process and ensure you can confidently navigate UPI transactions, regardless of your experience level with online betting platforms.
Step 1: Set Up Your UPI Account
Preparation: To use UPI, you must have an operational Indian bank account linked to a mobile number, and a smartphone to download the UPI app. Below is a screenshot of the Gpay App.
App Installation: Choose and install a UPI-enabled app like BHIM, Google Pay, Paytm, or your bank's proprietary app from your device's app store.
Mobile Verification: Launch the app and register with your mobile number linked to your bank account. Verification typically involves an SMS or a call to ensure the number is active and correct.
Bank Account Linkage: Within the app, select your bank from the provided list. Your account details should be automatically fetched through your mobile number. If not, you may need to manually enter your account details.
UPI ID Creation: After linking your bank account, create your UPI ID (also known as a VPA - Virtual Payment Address). This ID will be used to send and receive money without needing to provide your bank account details.
Setting the UPI PIN: Set up a UPI PIN by entering your debit card details as prompted. This PIN is essential for authorizing transactions, so keep it confidential.
Step 2: Choose a Betting Site that Accepts UPI
Research: Select a trustworthy online betting site that lists UPI as a deposit method. Check for its reputation, available games, odds, and bonus offers before signing up.
Step 3: Deposit Funds Using UPI
Access the Cashier: Log into your betting site account and navigate to the cashier or payments page, which is where all transactions are handled.
Select UPI for Deposit: Within the deposit section, choose UPI as your payment method. Some sites may present UPI under a 'Net Banking' or 'Instant Bank Transfer' option.
Specify Deposit Amount: Enter the amount of money you wish to deposit. Ensure this aligns with the site's minimum deposit requirement and your personal budgeting limits.
Provide UPI Details: Input your UPI ID when prompted. This links your betting site account to your UPI account for the transaction.
Authorize Transaction: Confirm your deposit details and authorize the transaction by entering your UPI PIN when prompted. You may also receive an OTP (one-time password) for an additional layer of security.
Transaction Confirmation: After authorization, the transaction will be processed. Deposits are typically instant, but occasionally, there may be a short delay. Once the funds are credited, you will receive a confirmation, and the amount will reflect in your betting account balance.
Step 4: Start Betting
With the funds successfully deposited, you can browse through the betting site and start placing bets on your preferred sports or casino games.
Note on Withdrawals
While UPI is acclaimed for its swift deposit process, withdrawals can be subject to processing times dictated by the betting site's policies. It may take a few hours up to a few business days for funds to reflect in your bank account.