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UPI India Review 2022

upi india review

UPI (Unified Payment Interface) is a payment system which was introduced in 2016. A product of the National Payments Corporation of India, UPI allows the transfer of funds between bank accounts without the need for exchanging bank account details.

UPI also brings together several banking features into one place, while facilitating added advantages like sending collect requests, checking account balance, and more.

What we like about UPI India

  • 24 x 7 availability
  • Unified payments interface UPI offers can be used to link multiple bank accounts into a single UPI app
  • No need to share any credentials thanks to the use of Virtual ID
  • Ability to raise complaints on any transaction through the UPI app – like PayTM

What we dislike about UPI India

  • UPI transactions are only capable of supporting up to Rs 1 lakh/transaction

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  • Multiple payment options are supported on the platform
  • A huge number of markets on popular games
  • Major sports like cricket and football have superior coverage
  • Value of odds is excellent 
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  • The casino game selection is excellent
  • Low minimum deposit levels
  • The platform is mobile friendly
  • Support for several cryptocurrencies is provided
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Benefits with using UPI

There are several reasons to choose UPI transactions over conventional money payment methods. For starters, users are able to make payments and other transactions within seconds. There is literally no wait time associated with this option.

The user also gets the freedom of bringing together multiple bank accounts into a single app like PayTM. Since the transactions are governed by RBI, one can make a transaction knowing that they are completely safe and operating within the legal boundaries.

Alternative to UPI

Even though this payment option has brought about many advantages like UPI gambling with a piece of mind, one can still consider alternatives. The top four alternatives available in India to this payment option would be:

  • Credit cards
  • Debit cards
  • NEFT bank transfer
  • IMPS bank transfer
Which is the best betting site that accepts UPI?

The two biggest betting sites that accept UPI payments are Betway and Bet365.

Is UPI safe to use in India?

Yes, UPI is safe to use in India. Since the UPI payments are regulated and monitored by the Reserve Bank of India, one can be confident about the safety offered by this payment system.

Is it legal to use UPI in India?

Yes, it is legal to use UPI in India. UPI is a product of the Government of India and this payment system can be used legally to send or receive money.

Which betting sites accept UPI?

The list of UPI betting sites has been growing in recent years. One will find top betting sites like Betway, Bet365, and ComeOn supporting the use of UPI to add/withdraw funds.

Is UPI free to use?

Yes, the use of UPI is completely free and instant.

How do I Deposit with UPI?

There are several options to deposit using UPI and they would be transferring using the UPI ID, QR code, bank account details, and mobile number.

How to deposit on a Betting Site with UPI

There is a small learning curve when trying to make payments in India using UPI. They are:
  1. Download UPI Wallet
    There are several apps that facilitate UPI payments. The user is free to make a choice depending on the interface, ease of use, and other parameters.
  2. Select a UPI Betting Site
    The choice of a betting site or UPI casino is getting more difficult, as more players enter into the segment. After looking at the products and promotional offers, a choice can be made.
  3. Make a Deposit via UPI
    The first and subsequent payments can be made using the different UPI deposit options like VPA address, QR code, and more.
  4. Claim IndiaGamblers exclusive Bonuses
    The exclusive bonuses available using IndiaGamblers can be claimed that this stage.

Withdraw money using UPI

The process of withdrawal transactions using UPI is similar to making payments. The user has to verify their identity on the betting site so that fraudulent transactions and criminal activity is prevented.

Only users who have made a payment using UPI can request a withdrawal transaction through this option. The money reflects into the bank account immediately, as payments are instant.

#Online casino, #Online betting, #Payment methods, #UPI India

Bharath Ramm R

A sports writer and an ardent Chelsea FC fan, Bharath has been into reviewing online casinos and games for a decade now. He is passionate about nature and cars too.