One of the numerous payment solutions available to Indian consumers is PhonePe. This digital payment platform allows you to handle all-things payment at any place and time. Thanks to its hassle-free payments, the service has recently enjoyed more popularity, with PhonePe reaching a record-high of 100 million transactions in a single day in April 2022.
As more consumers turn to the payment solutions of PhonePe, more businesses are adding PhonePe to their lists of supported payment options. Online casinos that cater to Indian players are no exception, with more gaming websites accepting payments through the PhonePe service.
The solution enables its users to handle all of their transactions with a single mobile app. Having one’s PhonePe account available at any time and place enables casino players to fund their accounts in no time, no matter whether they play at home or on the go. The payment solution of PhonePe offers quite a few advantages when used for casino transactions and we will make sure to cover all of them.
|Connecting bank card/account to PhonePe||Free|
|Withdrawal balance from PhonePe to your bank card/account||Varies according to bank|
|Pay to online merchants||Free|
|Available for deposit||Yes|
|Available for withdrawal||Yes|
|Usual deposit time in online casino||Instant|
|Usual withdrawal time from online casino||Up to 24 hours|
|Live chat||Yes (in-app live chat)|
|Telephone support||080-68727374 or 022-68727374|
Using PhonePe for Gambling Transactions
If you have found a virtual casino that accepts payments via PhonePe, you can easily top up your gaming account in just a few steps. Before you proceed with making a deposit via PhonePe, however, you will need to install the app on your phone and open a PhonePe account.
Once you create your account, you will have to link your bank account to your PhonePe profile. To do that, you will need to provide your mobile number and your bank account number. You will then receive a one-time password via an SMS that must be used to verify your account. The next step will require you to provide some additional details to create your account and you will receive your VPA (Virtual Payment Address), which will be used for your PhonePe payments.
Typically, virtual casinos will allow you to make PhonePe payments through the UPI payment system and pay directly from your bank account. To make use of UPI payments, you will need to set up a UPI PIN that you will use to verify your payments via PhonePe. The casino may also allow its patrons to use PhonePe as an e-wallet and deposit using the funds available in their PhonePe balances.
Once you have set up your account, you can head to the virtual casino of your choice. Open the cashier page and select the deposit option. The next step is to enter the amount you would like to deposit and choose PhonePe from the options available at the online casino. If the virtual casino supports PhonePe payments via the system of UPI, you might have to choose UPI from the available options.
For e-wallet PhonePe deposits, you will be asked to log into your account and confirm the transaction via your VPA. If you want to make your deposit via UPI, you will be asked to choose your bank and enter your UPI PIN to confirm the payment. Deposits via PhonePe are processed instantly, allowing you to top up your gaming account in no time.
The great thing about the service of PhonePe is that it can often be used for casino withdrawals as well. The entire payment process is similar to the deposit one, with the only difference being that you will need to choose the withdrawal option at the casino cashier section. Keep in mind that the withdrawal process is slower than the deposit one as the virtual casino will first need to approve your cashout request. However, once your withdrawal is authorized by the casino, the money is transferred almost instantly to your PhonePe e-wallet or bank account.
|PhonePe Gambling Transactions|
|Supported transactions||Deposits and withdrawals|
|Deposit pending time||Instant|
|Withdrawal pending time||Up to 48 hours|
|Additional security||encryption, OTP, two-factor authentication|
Advantages and Disadvantages of Using PhonePe as a Payment Method
You might need to assess the strong and weak points of PhonePe before you make the decision whether to use the service for your casino payments. This payment solution offers Indian players a few ways to handle their casino payments in a fast, secure, and easy way. However, there are a few things we think they should keep in mind before using PhonePe for their casino deposits and withdrawals.
As PhonePe is getting more popular, the number of virtual casinos that support the payment service is increasing. This allows Indian players to choose from quite a few trustworthy casinos that accept payments via PhonePe. There is usually the option to make PhonePe payments either through the payment system of UPI or via the PhonePe e-wallet.
Whichever option you choose to make your casino payments via PhonePe, you can handle your payment in a very secure way. To verify your e-wallet transactions, you will use your VPA, enabling you to verify payments without exposing your banking details. What is more, if you are using UPI to make payments from or to your bank account, transactions will be protected via industry-standard security tools.
The processing speed of PhonePe transactions is yet another advantage that casino fans would appreciate. As it is important to be able to make your real-money wagers as soon as you top up your account, you would enjoy that deposits via PhonePe are complete in a few simple steps and are processed almost instantly. When you request to withdraw your casino winnings via PhonePe, you will also be able to enjoy your money in no time.
Managing your casino payments via PhonePe is a budget-friendly option as online casinos rarely charge any fees for deposits or withdrawals carried out via this service. Banks may impose some fees for using the service of PhonePe but these would rarely surpass the fees that other payment solutions charge their customers.
Despite the various advantages that PhonePe offers to casino fans, there are some disadvantages that one should consider. PhonePe is a payment solution that was launched in India and is currently only available to customers residing in India and using the services of Indian banks. This limits the number of casino players that can use PhonePe for their payments.
As PhonePe can be used only by players in India, the number of virtual casinos that add the option to their lists of supported payments is not that high. This is why the choice of PhonePe casinos online may be limited, leaving you with not that many options.
This can rarely be considered a disadvantage but it is worth mentioning. As PhonePe is a service provided exclusively in India, the only currency it supports is INR. This is not a real issue for most Indian players as they typically handle all their payments in the local currency. This, however, may be considered a bit of a disadvantage to those who wish to set up their casino accounts in different currencies.
PhonePe Pros and Cons
Fees for PhonePe Gambling Transactions
Whenever you are choosing a payment solution for your online casino endeavors it is important to find a method that will allow you budget-friendly payments. The great thing about using PhonePe for your casino deposits and withdrawals is that in most cases, virtual casinos do not charge any fees for payments carried out through the payment solutions of PhonePe.
Whether you use the UPI system or the PhonePe e-wallet, most online casinos will allow you to handle your gaming budget without spending extra money on fees. It is important, however, to always check the fees policy of the interactive casino before you start using PhonPe for your payments.
Opening a PhonePe account will be free of charge and you do not have to pay any maintenance fee for using the service. What is more, linking your bank account to your PhonePe account will also be free. Depositing funds to your account, however, may impose some charges that will depend on the method you will choose to make the deposit. The service, however, is transparent about any free and you will be notified of any surcharges before you confirm the transaction.
While paying online via PhonePe is free of any charges, you should keep in mind that some banks may impose a tax for using the UPI payment system. The rates of these fees, however, depend on the policy of your bank.
|Gambling deposit fee||Free|
|Gambling withdrawal fee||Free|
|Bank account deposit fee||Varies|
|Bank account withdrawal fee||Varies|
|Credit/debit card deposit fee||Varies|
|Credit/debit card withdrawal fee||N/A|
Processing Time with PhonePe
A great advantage that Indian players might appreciate if they choose to handle their casino payments via PhonePe is the speed of transactions. No matter whether you choose to deposit via UPI or the PhonePe e-wallet, this payment solution enables you to instantly top up your gaming balance. The entire depositing process takes just a few simple steps that do not take more than a couple of minutes. Once you confirm the deposit, the money will instantly appear in your gaming account.
The instant deposits via the PhonePe solutions allow players to always bet real money on their favorite casino games instead of waiting to see the money in their casino accounts. In addition to instant deposits, however, PhonePe is also offering very speedy withdrawals that not every payment solution can allow.
Keep in mind that withdrawals cannot be as instant as deposits due to the pending period of this type of transaction. Whenever you request a withdrawal, the virtual casino will first need to approve the payout. The pending period usually takes about 48 hours but it can be shorter or longer, depending on the virtual casino. Once your withdrawal is approved, however, it may take only a few hours to receive your money.
|PhonePe Processing times|
|Gambling deposit time||Instant|
|Gambling withdrawal time||Up to 24 hours|
|Bank account deposit time||Instant|
|Bank account withdrawal time||Varies|
|Credit/debit card deposit time||Instant|
|Credit/debit card withdrawal time||N/A|
Considering that most PhonePe users choose to handle their payment via the dedicated app for the service, saying that PhonePe enables easy mobile payments is an understatement. The mobile app is available to both Android and iOS users who can download the payment service’s app via the link available on the official website of PhonePe. Alternatively, the app can also be found in the app stores of the two respective operating systems.
As mobile casinos are the current trend among many casino fans, it is a necessity to be able to easily handle your gaming funds on the go. Thankfully, PhonePe users will have no issue handling their casino deposits and withdrawals even if they play on a casino app or browser-based mobile casino.
The entire payment process is the same, despite the type of device you play on. The steps that you need to follow are exactly the same as the ones we have explained earlier. You will need to choose the PhonePe option from the available payment solutions and follow through with the required steps to confirm the payment.
Using the PhonePe app will be not only convenient but also extremely secure. App users will be allowed to activate some additional security options that allow only the phone user to access their PhonePe account. This ensures that no one else will have control over your casino spendings as well.
The app will enable players to keep track of their transactions and also manage different types of payments through the app. PhonePe allows mobile users to make both BHIM UPI payments or use the e-wallet tool to pay online. In addition to being extremely convenient for your casino transactions, the app will also allow a myriad of other useful features that you can explore once you install the app on your mobile phone.
|PhonePe Mobile Payments|
Security at PhonePe Online Casinos
Whenever you are paying online, you should be certain that your money and personal information are always safe, this is especially true when it comes to handling online casino funds. Fortunately, those who use PhonePe can be sure that their funds are always handled with the utmost care. The fact that PhonePe is constantly expanding the number of its customers proves that the service can be trusted.
As already mentioned, PhonePe payments are carried out via the UPI (Unified Payment Interface) payment system. It has been developed by the National Payments Corporation of India (NPCI), ensuring that your instant payments will be processed following the government’s requirements for secure transactions.
UPI payments allow users to transfer money between two bank accounts without actually providing any bank details. Instead, customers use their mobile numbers of VPAs to confirm transactions. This makes PhonePe payments even more secure than any regular bank transfer, adding another layer of security to your online payments.
Thanks to the additional security tools that customers can switch on via the PhonePe app, payments become even more secure. Using passcodes, Face ID, or fingerprints ensures that no one else can access the PhonePe app, hence, no one but you can verify your payments. Of course, payments are also protected via industry-standard technology like encryption, ensuring that unauthorized third parties will not have access to the information you might share during payments.
PhonePe Casinos FAQs
How Do I Link My Bank Account to My PhonePe Account?
When you open your PhonePe account, you can link your bank account in a few simple steps. Currently, about 30 big banking institutions in India are connected to the UPI payment system and will allow you to make UPI payments through the PhonePe service. When you link your bank account to the PhonePe account you have created, all you are required to provide is your phone number and the name of your bank. The phone number must be the same one you have provided for your bank account so UPI can retrieve all your banking information required for your future payments.
Do I Need to Charge Money to My PhonePe E-Wallet to Use It for My Casino Deposits?
No. The great thing about the PhonePe payment service is that you do not actually need to top up your PhonePe wallet to be able to use it for your casino deposits. Instead, you can use the money available in your bank account to pay online, casino deposits included, via your PhonePe wallet. This will spare you the inconvenience of funding your wallet prior to depositing or worrying about the funds available in your PhonePe wallet.
What Are the Transactions Limits on PhonePe Payments?
PhonePe allows its users to make quite the generous payments of up to ₹1 lakh per single transaction. That said, you should keep in mind that every virtual casino has its own deposit and withdrawal limits that you must abide by. It is possible to change these limits but you need to check with the support team of the online casino.
Will I Be Eligible to Receive a Bonus After Depositing via PhonePe?
Yes. PhonePe is just like the rest of the deposit methods that Indian players are allowed to use at virtual casinos. That means deposits via PhonePe are accepted and do count toward promotional offers. That said, make sure to always check the full terms and conditions of a promotion before you redeem it as some casinos may have exclusive offers for specific payment methods.
Can I Use PhonePe If the Casino Does Not Support PhonePe E-Wallet Payments?
Some virtual casinos choose to list UPI as a supported payment solution. Even if you do not see the PhonePe e-wallet option, as long as payments via UPI are available, you can proceed with making your casino deposits and withdrawals via the service of PhonePe.