Best phonepe betting sites in India in February 2024

PhonePe is one of the payment options that has gone viral over the last few years. It has gone from a relative unknown to being one of the standard payment options at a shop or online destination.

Betting Sites that accept Phonepe in India

Top PhonePe betting sites
Key Features
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4RABET

best betting sites in india

Welcome bonus: Get Up to ₹18,000

Promo Code: 4MAX

Sign up with 4rabet

PARI MATCH

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Sports Welcome Bonus 150% up to 30,000 INR

Use our Bonus Code BETMAX

Sign up with Parimatch

MELBET

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Lowest minimum fees among all UPI betting sites with only Rs. 110

Promo Code: MBMAX

Sign up with Melbet

BETWAY

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Bonus above 2,000 INR

Slick betting interface and competitive odds

Sign up with Betway

Why go with a PhonePe Betting Site?

There are plenty of reasons to learn how to deposit on betting sites with PhonePe. The key advantage that one can derive would be the speed of transfer, which is excellent. The speed of funds being transferred has improved drastically over the last few years. Yet, none can compare the speed of transfer provided by PhonePe either to the wallet or to the bank account. There will be no extra fees charged by the betting site. One of the biggest concerns of any individual when trying to send money over the Internet would be safety and security. If safety and security is the concern, one can immediately learn how to deposit on betting sites with PhonePe.

Most compatible betting sites with Phonepe

Here are some of the top PhonePe betting sites.

4rabet – another giant in India

It is also a popular name among the betting community and the better PhonePe betting sites. 4rabet is a legal and official online bookmaker in India. It also provides betting and gaming like online casino under one platform. In fact, it is the top casino site in India.

If you are thinking about the variety of sports, don’t worry. 4rabet too covers a wide variety of sporting activities like cricket, football, tennis, ice hockey etc. They also have options for virtual betting, pre-match and live betting.

4rabet also offers various benefits and bonuses to its users. So, 4rabet has a very safe and secure payment interface. It supports PhonePe as UPI along with other payment options.

4rabet payment methods

Parimatch – unbeatable odds and great bonuses

One of the giants in online betting, Parimatch has earned the confidence of the betters over the years. Parimatch is a very popular betting platform not just in India, but worldwide. It provides it’s a very good platform for betting with reliability and integrity and offers lots of bonuses with wide cricketing coverage. It functions online through websites and mobile apps, making it a more convenient and suitable option to place bets and view the status on the fly.

Parimatch provides plenty of popular payment methods like PhonePe for depositing and withdrawing funds, which makes it safe and reliable. The bookmaker also offers round-the-clock support, to help its users at any time.

parimatch phonepe

Melbet – one of the most respected in India

Among the top PhonePe betting sites is MELbet. It offers a wide range of opportunities for gambling and betting in various sports and casino games. Their technologies are not only advanced, but also secure. For betting and gambling, MELbet provides a very user-friendly platform to its users, making the entire experience easy and fun.

It has a secure and safe platform for all gambling and betting transactions, and supports PhonePe as one of the payment options, making it even better.

The Melbet operator offers a great variety of options to its customer to bet on, with more than 20 sports and over 1000 different tournaments.

melbet payment methods

Dafabet – ultra compatible with PhonePe

Founded in 2004, Dafabet is one of the top PhonePe betting sites. It’s an old and trusted online bookmaker for the betters. It’s Asia’s leading online betting site, offering the best gaming products like sports betting, online casino, live casino etc. They cover a wide range of sporting events for all major sports like cricket, football, baseball, and Tennis. Additionally, Dafabet offers betting on virtual gaming as well.

All kinds of money transactions can be safely carried out on Dafabet using PhonePe. In addition, it has other payment options like direct bank transfer, UPI, Credit Cards, Debit Cards and cryptocurrencies.

dafabet payment

10cric – your go-to for cricket

It is one of the biggest and most popular PhonePe betting sites. It is one of the best betting and gaming platforms in India. 10cric app has some of the coolest features which you won’t find in other casino and betting apps. It offers casino, live casino, Jackpot and gambling on various sporting events cricket, football, basketball etc. Though, it is more specialized in cricketing events. It offers pre-match, live betting and outright betting.

10crick has fast and easy deposit and withdrawal methods using secure UPI options like PhonePe. It also provides other options like direct bank transfer, credit or debit cards and bitcoins.

10cric payment methods

How to Deposit on Betting Sites with PhonePe?

Before thinking about using this payment option at any of the betting sites, it is important to learn how to deposit on betting sites with PhonePe. It all comprises about three steps:

Opening an account with PhonePe

Before one can start using the payment option, they need to get the app from the App Store or Play Store depending on the device. As long as the user has a good Internet connection, they will be able to download the app within a few seconds. Once installed, the app can be opened to verify the phone number. This will be followed by filling in personal details like name and email address.

Linking the bank account

One of the important steps in learning how to deposit on betting sites with PhonePe will be the art of adding the bank details. The bank account has to be validated with proper KYC norms before it can be linked up. Once the user is aware that this process is completed, they can set up the UPI pin if it is already not available. Once the UPI pin has been set, it can be used for further transactions.

Making the deposit

After learning how to deposit on betting sites with PhonePe, users will be going about making the actual deposit by visiting the account section at the bookmaker. Now, the deposit option has to be picked as PhonePe before entering the number of funds that will be transferred. The process of fund transfer takes place very quickly but there may be instances when the process may be completed only after two hours. One should check if the funds are available in the account. Once these are available, it is time to start betting with PhonePe betting sites.

phonepay money secure

How PhonePe Works in Betting Sites

Numerous digital wallets and online payment options came up in recent years, but PhonePe has placed itself right at the top because of its easy, quick, and reliable money transfer methods. Hence, there are top betting sites that accept PhonePe as one of the payment options.

Just as you deal with the online payment options with the betting sites using PhonePe, it is important to understand how PhonePe works on those betting sites. In this section, we will cover in detail how you can make deposits and withdraw money whenever needed using PhonePe.

At the onset, you must have a PhonePe account and UPI ID. If you already have created the account and UPI ID, you can use it at the betting sites directly for deposits or withdrawals.

If you don’t have a PhonePe account, you can create one by downloading PhonePe app from Play Store (or App Store). Then you can launch the app, register your mobile number and enter other personal details. You would need to set a 4-digit Pin and add your bank account through the “My Money” Page. Then you need to create a UPI ID and set the UPI Pin as the last step. You are now all set to deposit or withdraw money to or from online betting sites using PhonePe.

In the next section, we will see how to deposit on betting sites with PhonePe option.

Deposit methods using PhonePe

You won’t be able to place a bet without depositing some minimum required amount. So, let’s now look at how to deposit on betting sites with PhonePe. The online betting sites have a digital wallet, and they offer various payment options to deposit amounts to the wallet using UPI, Net Banking, Credit Cards, Debit Cards etc.

On the account page, you can select the UPI method, select PhonePe as the “deposit” option and enter the amount to be transferred. It initiates the process of fund transfer. You may additionally be asked to link the PhonePe with your Bookmaker account by means of SMS verification for future use. Usually, the fund deposit is reflected in a very short time, but there could be rare instances when it may take more than a couple of hours. Hence, it is recommended to check if the funds are shown in your bookmaker account before placing bets.

Withdrawal methods using PhonePe

Once you deposited some funds to your betting account at the bookmaker, you can start placing bets and try to win some money and the winning gets reflected in your betting account instantly.

Now that we saw how to deposit on betting sites with PhonePe, let’s see how to withdraw your money using PhonePe. At any time, you can withdraw money from the betting sites back to your bank account using PhonePe option.

To withdraw money from the betting site, you can go to the Account page of the bookmaker page or site. It should reflect the funds currently available in your betting account. You can select the “withdraw” or “transfer” option and select PhonePe as the transfer option, and then enter the amount you want to withdraw from the betting account. You can partially or fully withdraw the funds, but remember, if there is no money in the betting account, you won’t be able to place the bet again without having to add the money again.

After selecting PhonePe, it then initiates the process of fund transfer. Usually, after the withdrawal, you will be able to see money in your bank account in a very short time, however, sometimes it may take more than a bit longer than expected. But with PhonePe in the middle, you need not worry about your hard-earned money.

phonepe

Pros & Cons of Using PhonePe in betting sites

Pros

1. Quick and Easy transaction

PhonePe is a very user-friendly app. Also, fund deposit and withdrawal using PhonePe on betting sites is quite easy, convenient and quick.

2. No transaction charges.

Unlike credit or debit card payment options, PhonePe does not levy any charges for your transactions. Any amount and any number of transactions can be made hassle-free way using PhonePe.

3. Safe and secure.

PhonePe is based on UPI technology, and hence any transactions done through PhonePe are safe and secure.

Cons

1. Security is self-responsibility also.

Given safe and secure transactions, PhonePe app on your mobile is safe as long as your mobile is safe and locked. Leaking UPI Pin, or not ensuring the required device and app locks for your phone could prove to be risky.

2. Delay in payment.

Though most of the monetary transactions made through PhonePe take a very short time, sometimes due to technical issues, some transactions could be shown “in progress” for a longer time, up to 2 days, and eventually, you may either have to wait or redo the transaction.

3. Non-credit of money.

Occasionally, the transaction might be shown as completed, but money is not credited until up to two hours. You need to wait or then contact customer care in such a case.

PhonePe Betting Site and PhonePe Deposit FAQs

Is it legal to opt for PhonePe deposits at betting sites?

The legality of a betting site is not dependent on the payment options that it supports. Instead, one should check for licensed bookmakers to sign up.

Do bookmakers offer a welcome bonus for PhonePe payments?

Yes, most of the bookmakers provide welcome bonus offers to many of the payment options unless specified otherwise. The common payment option that does not qualify for the welcome offer would be the e-wallets.

What is the cost of using PhonePe transfers?

There is no cost associated with using the PhonePe transfer. This is one of the biggest advantages of this payment method.

Is it safe and secure to use PhonePe?

Many learn how to deposit on betting sites with PhonePe largely because it is a safe and secure payment method. It is also governed by the Reserve Bank of India.

What is the time required for a PhonePe transaction?

The time taken by PhonePe to complete a transaction is only a few seconds. Sometimes, this can take around three hours depending on the betting site in question.

Conclusion

PhonePe is a very popular payment option and allows you to quickly deposit money to online bookmakers to start placing bets straight away. You can quite easily withdraw money from the betting account using PhonePe. And yes, there are almost all online betting sites that provide PhonePe as a fast, easy and very convenient payment option.