About PhonePe
Would you believe it? – about 1 in 5 Indian now use PhonePe. That’s a staggering 25 Crore of Indian people using this incredible payment service provider. PhonePe is an Indian digital payments service that offers a dedicated mobile app for Unified Payments Interface-based payments.
Available in 11 languages and licenced by the Reserve Bank of India, PhonePe is one of the most popular payment methods in India. Over 200 banks are now partnered with PhonePe which means Indian punters can link their bank accounts and use PhonePe to make instant deposits and fast withdrawals at online gambling sites in India.
Read on for our recommendations of the best online casinos that support PhonePe and for the ultimate guide to using one of the most popular digital banking platforms in India.
Best Casinos Supporting PhonePe Payments
Best Casinos Supporting PhonePe PaymentsSince PhonePe can be used to make UPI deposits and withdrawals, it actually opens up a whole wealth of exciting online casinos to choose from. You shouldn’t just pick the first operator you see though.
The best PhonePe online casinos feature great bonuses and a vast range of casino games that will include tons of Indian games like Teen Patti and Andar Bahar. When choosing a PhonePe online casino, always make sure the operator is fully licenced and has proven to be reliable – if you have any doubts, you can always consult reviews from Website Name.
Our experts have hand-selected 5 of the very best online casinos that support PhonePe payments in India.
10CRIC
Arguably the biggest and most prominent online casino and sports betting platform in India, 10CRIC fully supports UPI payments. Punters can quickly and easily make deposits and withdrawals using PhonePe. 10CRIC is an Indian-exclusive casino that includes the likes of live Teen Patti and Andar Bahar, as well as a range of games dedicated to cricket.
JeetWin
Another bookie designed purely for Indian casino gamers, JeetWin offers huge bonuses and a vast range of casino games to play. Enjoy Namaste Roulette, Lucky 7, and Bet on Teen Patti, amongst many other Indian favourites. JeetWin fully supports PhonePe payments and many other popular Indian banking methods.
Parimatch
Parimatch has become one of the biggest bookies and online casinos in India after revamping its platform a few years ago. Offering a decidedly Indian service, Parimatch fully supports UPI payments and punters can use PhonePe to make instant deposits and fast withdrawals. This bookie offers a betting exchange and loads of Indian casino games.
1xBet
This online casino supports so many Indian payment methods including Paytm, PhonePe, and BHIM. Punters can make PhonePe deposits as low as ₹100 and minimum withdrawals of only ₹750. The live casino at 1xBet is truly massive and includes exclusive 1xBet tables such as Andar Bahar Live and 2xWin Roulette.
PhonePe Login India
PhonePe Login IndiaThe PhonePe login process is so simple, and you can even authorise additional security features to better protect you from fraudulent users attempting to access your PhonePe login. You can log in using your linked mobile number and the 4-digit password that you set during registration.
Should you want extra security, Two-Factor Authentication and biometric ID options are available too. All you’ll ever need to do to complete any transaction is use the PhonePe login to authorise deposits or collect payments for withdrawals at online casinos or bookmakers in India.
PhonePe Advantages & Drawbacks
PhonePe Advantages & DrawbacksLike anything in this world, like betting on the IPL or driving in Mumbai, there are both advantages and disadvantages. PhonePe is no different. This payment service has a ton of advantages but it’s still not for everyone. There are a few drawbacks that may see punters opting for an alternative like NETELLER, cryptocurrencies, or Paytm.
Advantages
We think these are four of the biggest reasons you should choose PhonePe over other payment methods when performing online gambling transactions at online bookmakers and casinos in India.
Serious Security – Multi-factor authentication and a security team that actively defends against fraudulent actors and actions. PhonePe is a licenced payment provider in India, so you know your money is safe. The different levels of security mean it’s basically impossible for anyone else to access your account.
Fast Transactions – PhonePe online deposits at casinos and bookmakers are instant. Withdrawals might not compare to cryptocurrencies in terms of payout speeds, but they’re far from slow. You can receive a PhonePe online withdrawal in as little as 15 minutes but in many cases, it might take 24 – 48 hours.
Indian Dedicated – So dedicated to the Indian market is the PhonePe app that it’s even available in a range of local languages including English, Bengali, Gujarati, Hindi, Kannada, Malayalam, Marathi, Odia, Punjabi, Telugu, and Tamil.
Low Fees – PhonePe charges no fees for making online casino transactions and very little fees for topping up your account. There is a small fee for mobile recharges but otherwise, you won’t have to pay a thing.
Disadvantages
We don’t think there is much of a limit to PhonePe, but there are a few disadvantages that some punters might see as a drawback to using this payment method when compared to other similar services.
High Minimum Withdrawals – It won’t be the case for all operators but a great majority of online casinos in India will require a high withdrawal minimum for PhonePe withdrawals. Typically, you’ll need to request at least ₹2,000 to receive a payout.
International Acceptance – While many great Indian operators will accept PhonePe payments, most big international online casinos and bookies won’t support PhonePe payments. This isn’t an issue with the big UPI-supported casinos like 10CRIC, Parimatch, or MELbet, but you’ll still find a lot of Indian Rupee-supported bookies that won’t support PhonePe.
PhonePe Limit – There are transaction limits for this payment service. PhonePe transactions cannot exceed ₹10,000 per month and you can only conduct ₹1,20,000 in transactions within the financial year. So, some high rollers may find PhonePe quite limiting in this regard.
Deposits via PhonePe in Online Casinos
Deposits via PhonePe in Online Casinos Completing a deposit at an online casino or bookie using PhonePe is so very simple. PhonePe allows for hassle-free payments and all you’ll need is your mobile device with the PhonePe app installed.
Login to your PhonePe app and make sure your account has been topped up. You won’t be able to make a deposit without any funds after all. Then, head to the cashier section of your favourite online operator and choose PhonePe as your preferred deposit method.
In many cases, if PhonePe is not an available option, you can still choose UPI to make a PhonePe deposit.
Follow the prompts to input your PhonePe account name and mobile number. Next, simply open the PhonePe app and provide the Casino’s UPI ID in the transfer section. This will send your funds straight to the online casino or bookmaker.
The deposit should be in your betting account instantaneously. In the worst of cases, it might take as long as 4 hours.
Withdrawals via PhonePe in Online Casinos
Withdrawals via PhonePe in Online CasinosThere really is no limit to PhonePe in India. You can also make really simple withdrawal requests using PhonePe online at casinos and bookmakers. Before you request a payout, remember that licenced online operators will first require punters to fully verify their identity.
This verification process is known as Know Your Customer (KYC) and cannot be avoided. It’ll just require a few basic responses and you’ll need to provide copies of a government ID and proof of residence. Once verified, you’ll be free to make a withdrawal.
It’s just as easy to make a withdrawal as it is to make deposits using this payment method. Just head to the cashier section once more and this time choose to make a withdrawal.
Choose UPI or PhonePe and once again follow the prompts to enter the required details such as your PhonePe UPI ID. In some cases, your withdrawal might only take 15 minutes, but you’ll likely be waiting a couple of days to see the funds in your PhonePe wallet.
Should you be ready to withdraw to your bank account. Simply choose to withdraw from within the PhonePe app and enter your PhonePe ID to send the nominated funds to your linked bank account. The PhonePe limit for withdrawals is typically set at ₹10,000 per month.
Which Currencies Does PhonePe Support?
Which Currencies Does PhonePe Support? Currently, despite beginning to branch out to other markets such as the US, PhonePe only accepts Indian Rupee payments. In fact, the terms and conditions of the PhonePe online payment platform in India do not authorise foreign currency transactions.
With PhonePe moving into new jurisdictions going forward, this may change over time.
PhonePe Fees & Timing
PhonePe Fees & Timing PhonePe onlinefees are very low and very recent. Up until 2021, PhonePe didn’t charge any fees but that couldn’t last forever. There are no fees for casino transactions though. Most online casinos won’t enforce any deposit or withdrawal charges for using PhonePe as their preferred payment method.
However, since October 2021, PhonePe has begun charging fees for mobile recharges above ₹50 and this includes top-ups using UPI or credit cards. These fees are low though – ₹1 for top-ups between ₹50 – 100 and only ₹2 for anything over ₹100.
This still means that it’ll cost nothing to deposit or withdraw from an online casino or bookmaker. PhonePe is a fast payment service too. Online casino deposits are instant, and withdrawals can take between 24 – 48 hours depending on the operators processing time.
Is it Safe To Use PhonePe for Casino Payments?
Is it Safe To Use PhonePe for Casino Payments?Whether you are topping up your account using the PhonePe app or making an online casino payment at a safe and licenced operator, PhonePe is an incredibly secure payment service provider. It’s nearly impossible for another individual to access your account.
That’s because a PhonePe transaction requires your biometric ID, UPI Pin, and password for authentication. That’s three layers of protection! The security teams at this UPI-based payment service also monitor transactions in real-time and can block suspicious activity, as well as prevent fraudulent users from accessing your account.
You can be sure your transactions are secure as PhonePe uses the latest security technology and is licenced by the Reserve Bank of India. Licenced online casinos in India are also highly secure platforms which only further protects your transactions.
PhonePe App Conclusion
For fast deposits and withdrawals at online casinos in India, you’ll struggle to find too many methods better than PhonePe. Utilising the power and security of UPI, PhonePe is backed by the RBI and is supported by numerous operators in India.
You’ll likely encounter no fees when conducting casino and bookie transactions but there is a small fee for mobile recharges in the PhonePe app. There are some monthly and annual transaction limitations when using the PhonePe wallet and banks can impose their own limitations.
PhonePe is clearly a safe, fast, and reliable payment service provider for hassle-free deposits and withdrawals at online casinos in India.
PhonePe FAQs
