UPI is becoming an increasingly popular payment method amongst Indian gamblers. It is widely accepted and very simple to use. We have outlined all of the major benefits of UPI, as well as how you can use it to make your gaming deposits and withdrawals.
What is UPI?
UPI, short for United Payments Interface, is a leading instant payment system in India that caters to both gamblers and retailers. Established by a consortium of Indian banks, this payment system is overseen by the Indian government. With UPI, customers can easily send money to one another and make online purchases, as it brings together multiple banking networks within a single app.
Positive and negatives of UPI
There are many benefits to UPI casinos in India, but as with any other payment method, there are negatives you should be familiar with when you sign up. Here are some of the main benefits of UPI and also things to consider.
Payment service
One huge benefit is that UPI is a real-time payment service, meaning that transfers are instant. This means that as soon as you confirm your deposit, you can start playing, there’s no need to wait around.
Security measures
UPI has very good security measures in place. To help users feel at ease, no personal banking information is necessary. Each customer is given a personal ID code that is unique to their account. To verify customers, it uses a single-click two-factor authentication system and for mobile payments, as well as using QR codes.
Casino bonuses
Whilst many online casinos offer appealing promotions to attract new customers, UPI frequently offers exciting promotions to both newcomers and existing users. Deposit bonuses are extra credits or spins that you get after putting your money into your casino site. No deposit bonuses are smaller but you can get these by just signing up.
One of the major reasons why UPI is one of India’s most popular payment methods is because it is free of charge for transactions, however, one thing that should be pointed out is that unfortunately, if you don’t have an Indian bank account, you’re ineligible to use UPI. However, if you do have an Indian bank account but are not located in India or not currently situated there, perhaps you’re on a vacation, you’ll still be able to access and use your UPI account.
UPI withdrawal speed
Each casino has its own processing time, in many cases, this can be 24-48 hours. It can take up to three business days before you receive your UPI withdrawal of refunds.
How to make a UPI casino deposit
Making a deposit with UPI is extremely simple. All you need to do is follow the steps listed below and you can make a deposit in minutes.
- Firstly, you need to choose the UPI casino you want to register with.
- Locate the deposit section in the menu and from the list of deposit methods choose ‘UPI’.
- Enter the amount you would like to deposit, ensuring that it is above the minimum deposit requirement.
- You’ll be directed to the UPI login page, where you should enter in your details to confirm the payment.
If you are paying by mobile you will receive a QR code to scan, or you may just have to confirm it through your app.
UPI deposits are instant. If you have still not received your funds in the hour, don’t panic, just contact UPI themselves or perhaps the customer service team of the online casino and they will assist you.
Depending on the casino, UPI withdrawals may be possible. If you are able to, allow a little bit longer for the transaction. Also, note you may need to pay a withdrawal fee.
Alternative payment methods similar to UPI
There are a few alternative payment methods that work in a similar way to UPI. Some options are:
- Trustly
- RuPay
- Net Banking
- Cryptocurrency
Summary
Overall, UPI is a safe and secure payment method to use at online casinos. It’s becoming an increasingly popular payment method in India which is no surprise due to the fact there are no fees, fast withdrawals and also exclusive bonuses that you can claim using it.
It is quick and easy to use and you can follow our step by step guide above to register and play at online casinos that accept UPI today!
