Headquartered in India, PhonePe is a digital payments company offering various financial services, including online payments. Indian players often opt for PhonePe online casinos due to the quickness of transactions and integration with one of the largest payment solutions in the country, UPI. Explore online casinos with PhonePe below.
PhonePe Overview
Launched in 2015, PhonePe was quickly integrated with government-backed United Payments Interface (UPI) to offer a seamless online banking experience to customers. With 500 million users in India, online casinos have scrambled to add it to the list of casino payment methods due to the ease of use of the gateway.
Apart from being easy to use, here are some of the other advantages of using PhonePe at online casinos:
- Quick deposits. Generally, deposits made via PhonePe are virtually instantaneous, taking minutes for the money to reflect in your casino balance.
- Security. PhonePe requires verification for each transaction, deposit or withdrawal, so your data is secure all the way. Also, the app doesn’t share banking information with third parties, so you don’t need to worry about it.
- 24/7 support. Should any issue arise with your online money transactions, you can turn to PhonePe customer support round the clock.
How to Deposit With PhonePe at Online Casinos
PhonePe deposits are hassle-free and done in several easy steps:
- Log into your preferred casino account. Once you’ve settled on a reliable PhonePe casino, log in or register on the site.
- Go to the cashier. In the banking section of the casino, find PhonePe among the deposit methods.
- Enter the amount and phone number. Decide on the amount you want to put in your casino balance, keeping in mind the casino’s minimum and maximum deposit limits. Also, you will be asked to leave your phone number for a one-off PIN.
- Confirm the transaction. Enter the UPI PIN sent to your mobile device via SMS and complete the transfer.
How to Withdraw Funds With PhonePe
PhonePe withdrawals at online casinos are equally simple:
- Go to the cashier and pick the withdrawal option.
- Pick PhonePe from the list. Most online casinos will automatically pick the same method you used for depositing, but if not, select PhonePe from the available options.
- Enter the amount and phone number.
- Confirm the transaction.
Disadvantages of PhonePe When Using It at Online Casinos
Although it features numerous upsides, PhonePe does come with a couple disadvantages.
Geo-availability is the primary reason why online casinos accepting PhonePe aren’t more widespread. Namely, PhonePe is available only at Indian online casinos.
Another downside to the PhonePe payment method at online casinos are fees. Apart from monthly fees, the platform will charge you Rs 1 for any transaction higher than Rs 50, that is Rs 2 on all transfers above Rs 100.
Should You Use PhonePe at Online Casinos?
As far as convenience is concerned, PhonePe ticks all the boxes: it’s an app-based service, highly secured, quick, and accepted by hundreds of thousands of merchants. However, if you’re based outside India, PhonePe is not a good choice, simply because the service is confined to the country and isn’t available anywhere else in the world.
If you’ve tried any of the other Indian online banking services, such as UPI or Paytm, you should give PhonePe a try due to its numerous advantages.
