PhonePe is a digital wallet platform and online payments company headquartered in Bangalore, India. The company was founded in December 2015 by Sameer Nigam, Rahul Chari, and engineer Burzin, and PhonePe itself, based on Unified Payments Interface (UPI), was launched in August 2016.
The PhonePe app is available in more than 8 Indian languages. Using the app, users can do the following:
- send and receive money;
- top up a mobile phone, DTH, and data cards;
- make utility payments;
- make purchases in shops;
- invest in tax savings and liquidity funds
- buy the insurance and mutual funds, and gold.
Besides, PhonePe also allows users to book Ola rides, pay for Redbus tickets, order food on Freshmenu, use Goibibo airfare and hotel services through the Switch platform.
PhonePe is also accepted as a payment method at more than 10 million offline and online outlets across 400 cities in India, including outlets with food, medicines, movie tickets, etc. The app crossed the 100 million user mark in June 2018 and made 5 billion transactions in December 2019. It currently has more than 200 million users. The company also launched its first PhonePe ATM in January 2020. It allows neighbouring Kirana shops to dispense cash to customers in real-time.
It should be noted that PhonePe is an India-only app. Its principle, as mentioned above, is simple and very useful: make UPI (Unified Payments Interface) payments from India. Most importantly, everything from its functional and easy-to-use interface is safe and fast.
In this review, we’ll tell you how to use PhonePe, how to fund your account on betting sites using the PhonePe app, how to make a deposit, and avoid any mistakes at bookmakers like 1xBet and 10Cric, which bookmakers accept this payment system, and much more.
How to fund a betting account with PhonePe?
It should be noted straight away that using PhonePe requires you to create an account with them by phone number. After you open PhonePe, you will need to add additional information, including:
- your email address;
- a four-digit password.
Once you have completed the PhonePe registration, you will be able to access all the application features.
After you have completed the steps above, you can start using PhonePe.
So, how to transfer money from PhonePe wallet to bank account, you will ask? There are several ways to do this which you can use. Below are 5 of the most popular ones.
- Direct-Debit using UPI. This payment method involves a direct transfer from your bank account to the recipient through the BHIM UPI service.
- Debit and Credit Cards. If you choose this option, you need to fill in the card details and complete the transaction.
- External Wallets. PhonePe partners with external wallets such as Freecharge, Airtel, and JioMoney. These wallets have their own applications built into PhonePe. So, if you have accounts with any of these wallets, you can make payments using an app supporting this feature.
- Gift Card. You can purchase a separate gift card and use it for all your purchases. Gift card amounts range from 100 to 10,000 rupees.
- PhonePe Wallet. How to send money from PhonePe wallet, you ask? The PhonePe also has its own e-Wallet, which allows you to store money and use cash when needed. You can fund the wallet from your bank account with UPI or credit/debit cards.
Deposit on 1xBet with PhonePe
Let’s now talk a little more about how you can make deposits using PhonePe at 1xBet bookmaker. To do everything correctly and avoid any mistakes, we recommend using our step-by-step instructions, which you will find just below.
Login to your 1xBet account.
First, you need to log into your personal 1xBet account.
Click “Deposit” on the main page.
Then, click “Deposit” on the main page.
Next, select PhonePe from the list of deposit options.
Fill in the pop-up form.
The next step is to fill out the form. Typically, you will be asked there for your deposit amount, number and name.
Click “Continue” and complete the process.
Finally, click “Continue.” It means that you have requested a deposit from 1xBet. Once you have clicked “Continue,” the next page will bring up an intermediate account to be used as an intermediary. It is where you should transfer the money you are about to deposit. Usually, the account has a name, email address, and, most importantly, a number indicating that it is registered. Remember to keep this intermediary account number in your phone contacts.
Next, follow the steps below:
- Open the application that you are using;
- Then, select “Transfer” from the home page;
- Next, select the intermediate number saved in your contacts;
- Confirm the deposit amount and select your preferred payment method;
- Finally, click “Submit” to complete the transaction. Congratulations! You have successfully transferred the funds to your 1xBet intermediary account, which is in your account.
Ideally, your tote should be credited instantly, but you can always contact the bookmaker’s support team by email in case of a delay.
Deposit on 10Cric with PhonePe
How do you deposit money into 10Cric with PhonePe, you may ask? Depositing to 10Cric is quick and easy. Use our step-by-step guide to get it right the first time.
Log in to your 10Cric account.
First, you need to log in to your 10Cric account and go to the deposits page.
Enter the required details.
Then, on the new page that opens, enter your deposit amount, description, email address, and phone number and click “Continue.”
Select your preferred payment method.
Next, you will see a payment gateway that gives you the option to pay by debit card, via bank account, via UPI, and so on. Choose the one that suits you best.
Select the Wallet option.
From the drop-down menu, select the “Wallet” option.
After that, select “PhonePe” from the following set of options and click “Pay Now.”
Complete the registration and then the transaction.
Finally, complete your registration and then the transaction. Done!
List of betting sites that accept PhonePe
Although PhonePe is not always present as a payment method on many sites, you can make deposits using the PhonePe app. As the PhonePe app was created based on UPI, you can make payments with it at any betting site that accepts UPI payments. You can find bookmakers such as 1xBet, 10Cric, Betwinner, and others among them.
Apart from that, there is another option. You can also deposit money via PhonePe if you are familiar with the betting shop and have been a customer for a long time. If you know the bookmaker’s UPI ID, bank details, or IFSC code, you should have no trouble depositing money into your account using PhonePe. Luckily, some betting sites provide us with this information. This funding process works very similarly to the 1xBet bookmaker example we gave above, where you request a deposit by transferring money to an intermediary bank account.
What is PhonePe?
PhonePe is a popular mobile payment app in India, used by millions of Indians daily.
How do I deposit with PhonePe on a betting site?
Depositing money on a betting site using PhonePe is the same as sending money to any other merchant. All you have to do is register with a betting site that accepts deposits and then follow the instructions on the screen.
Do I get a Welcome Bonus when I deposit on a betting site with PhonePe?
Yes, you can get a welcome bonus when you fund your account on the betting site using both PhonePe and some other apps.
Is it legal to deposit money on a betting site with PhonePe?
Yes, it is perfectly legal to deposit money into a betting site using PhonePe. Players from India can safely, quickly, and legally transfer money to the betting site through this app.
What is the minimum and maximum deposit limit of PhonePe?
The minimum PhonePe limit you can deposit on the betting site is Rs. 500, the maximum limit is Rs. 20,000.