HOW DOES UPI WORKS IN ONLINE CASINOS IN INDIA
Online casinos offer numerous payment methods for deposits and withdrawing money in India. Some of the most generally known payment methods are bank transfer, credit/debit cards and UPI.
In this article, we will focusing on UPI payment method which is safer alternative for players.
Unified Payments Interface (UPI) permits transfer of money from one bank to another immediately using mobile phone. In this method, payments can be made by way of application on mobile device only. You can also link more than one bank and make payments without having account number or IFSC CODE. This is a real-time payment where funds is credited right away to your account.
HOW TO USE UPI
To use UPI, you must have bank account with a member bank which allow you to use UPI system. After you checked if your bank support UPI, all you need to do is to download the UPI app on your mobile phone. BHIM which is developed by National Payments Corporation of India (NPCI) the commonly used app which provides payment using UPI method. There are also some private players such as Amazon Pay, Google Pay, Paytm and PhonePe.
Once you downloaded the UPI app, you will be required to select the bank in the given options. To verify that the bank you added is yours, bank will send OTP or one-time password. Then after OTP verified, your virtual payment address (VPA) will be made.
HOW TO SET UP UPI ACCOUNT
1.First you have to download and install BHIM application from Apple App or Google Play.
2.Choose your language
3.Select your mobile number which is linked to your bank account.
4. Create a four digit login password to access the app.
5.Select and register your bank account. Set your UPI pin with six digits and the expiration date of your debit card.
After completing the steps, your account is now registered and you can now send or request money to your account. Keep in mind that you cannot link your mobile wallet to UPI, only your bank account can be linked.
BENEFITS OF UPI FOR CUSTOMERS
- It can access numerous bank account using single application.
- Have 24/7 availability.
- Can easily raise a complaints directly to the mobile app.
- Your Virtual ID is safe and secure.
MAXIMUM LIMIT TO TRANSFER MONEY IN UPI
As per NCPI, presently the maximum limit per UPI transaction is 1 lakh per account in a day. With this maximum limit, other bank have their own sub limit which you should check with the bank.
IS UPI SAFE
UPI transactions are highly encrypted and is not easy to corrupt it. In addition, UPI transaction also uses two-factor authentication method, like OTP and every transaction are verifies.
HOW TO DEPOSIT IN ONLINE CASINOS USING UPI
Depositing money using UPI in an online casino is very easy and comfortable. First your need to register a virtual payment address(VPA) in order to send UPI transaction with the use of your bank mobile app. Once you already have the VPA, this is what you need to do:
- Register or Sign up on your preferred online casinos which accepting UPI.
- After registered and verified your account, go to deposit page and choose UPI option for your first deposit.
- The payment gateway will send a UPI request to your banking app, once accept the request then your payment is done. Your payment will successfully credited to your online casino account right away.
Now that you already know how to use UPI payment, you can now take action and find the best online casino site in India that accept UPI payment.
Be smart and secured! Have a blast.