How to Deposit on a Betting Site with PhonePe

Now that you know the benefits and the drawbacks of using PhonePe, let us now take you through the process of depositing money into online bookmakers with this payment method.

To open a PhonePe account, the first thing to do is to download the PhonePe app.

You can download the app directly from the PhonePe website, or by visiting the Google Playstore or the app store, and searching for PhonePe. As long as you have a decent internet connection, downloading the PhonePe app should be pretty breezy.

When the app is installed on your phone, you should proceed to register an account. Opening a PhonePe account is done by the following steps:

• Verify your phone number

The first step in your PhonePe registration is to provide your phone number. Make sure the number you enter is the one linked with your bank account. PhonePe will send a one-time-password to your phone number. Enter it and click "Verify" to proceed with your registration.

• Fill in your personal details

After verifying your number, PhonePe takes you to another page, where you will be required to fill in your full names, email address, and create a four-digit password. Supply these details, accept the terms and conditions, and click "Activate Account".

• Create new VPA

The next step is to create a new Virtual Payment Address (VPA). Consider the VPA as the username for your account, which allows you to send and receive money without having to type in your account number.

• Link your bank account

After creating your VPA, go on and select the bank you want to link to your account. When you select your bank, PhonePe will automatically fetch your bank details (using your verified phone number). Confirm these details and boom, you can start using your PhonePe app to send and receive money!

Note that you need to authorize every transaction by providing the BHIM UPI PIN. If you have never set a BHIM UPI PIN for your bank account, you will see a “Set BHIM UPI PIN” option under your account details.

To create the PIN, you will be asked to enter the last six digits of your Debit/ATM card, the "Expiry Date", and the one-time-password sent by your bank for verification. Each bank account has a unique UPI PIN.

When you're done setting up your PhonePe, this is what you will see ↓

Start paying with PhonePe!

Now that you have completed the abovementioned steps, you're ready to start using PhonePe.

You can use it to pay for your everyday necessities, pay bills, buy electricity, gift cards, gold, and of course, deposit money on a betting site!

We will now show you how to deposit money on a betting site in India using your newly activated PhonePe account

Although PhonePe does not appear as a payment method on many sites, you can still deposit money on many betting sites with your PhonePe app. This is because PhonePe is a UPI based app.

Hence, you are able to make payments with the PhonePe on any betting site that accepts UPI payments.

As you may have noticed, many sites in India list UPI as part of their deposit methods. It is presented as NetBanking/UPI on some sites.

All you need to do is to click on the deposit option and follow the payment instructions. You will need to open your PhonePe app to authorize the transaction.

You can also deposit money via PhonePe if you know the bookmaker's UPI ID, bank details, or IFSC code. Luckily, some betting sites provide us with this information. This funding process works very similarly to the 1xBet example we gave above where you request a deposit by transferring money into an intermediary bank account.

You can then transfer money into this account via PhonePe. Once the bookie receives the funds, the amount will be credited to your betting account.

You can deposit with PhonePe through UPI on Betwinner, along with a few other betting sites in India.