Betway UPI Withdrawals – #1 Guide 2023
Whenever you want to bet at a reputable online consider and sportsbook, you want to make sure that you’re doing so at a fully licensed gambling operator. This will help protect you and keep you safe while you’re gambling online and transferring your personal and financial information over the internet.
Some people will ignore the importance of these facts, instead only opting to look at which online gambling operators offer the best games and the most attractive bonuses, promotions and features. That’s a bad idea, though, as your safety and security should be a primary focus, as should the fairness of the gambling operator and your ability to get winnings out of your account.
Betway is one of the top online gambling operators around, and many people recommend this great operator. Whenever you want to deposit money into, or get money out of, your Betway account, one of the most popular methods is UPI.
This method is well-known throughout India, and for good reason. It’s a trusted method of payment at online gambling operators, and it’s very easy to use. Let’s take a closer look at how using UPI as a payment method at Betway works, as well as some of the advantages and disadvantages of UPI.
How to Create an UPI Account?
It is very easy to create a UPI account if you don’t already have one. Fortunately, there are many different UPI providers that you can easily set up in a few minutes.
First, you must set up a UPI wallet if you don’t have one already. There are a few choices you can make here from popular companies, including PhonePe, Paytm, Google Pay or BHIM.
Once you’ve decided which UPI wallet you want to use, search for the apps of these different UPI providers on the Google Store or the Play Store. Download the UPI wallet to your mobile device, and install it.
After the app is completely installed on your device, you need to then quickly set up an account. The UPI wallet you choose will ask you to provide your personal information such as your full name, address, date of birth, email address, mobile phone number and password. They’ll ask you to verify your account most likely by sending a security digit to your phone.
Now that you’ve confirmed your UPI wallet, you’ll just need to link a bank account to it. This will allow you to transfer money to your Betway (take a look at the review) account using the new UPI wallet that you just set up. Doing so will also allow you to receive money back to your UPI wallet from Betway, and also send and receive money to other things.
How to Withdraw from Betway via UPI?
After you’ve set up your UPI wallet and have started playing on Betway, you’ll want to be able to easily take money out of your Betway account when you win. After all, it’s pointless to play at an online gambling operator for real money if you aren’t able to take the money out and use it for whatever you wish.
Luckily, there are just a few short steps to complete when you want to withdraw from Betway via UPI. The entire process should only take you a few minutes to complete from start to finish. Just follow these steps listed below …
- Log into your Betway account. You can do this on your laptop/desktop computer or through the apps they provide for mobile devices. You’ll use the same login credentials that you set when you initially signed up for a Betway account.
- After you’ve logged in, click on the “Bank” button at the top of the page. This will take you to the same page where you originally deposited money into your account. Here is where you’ll conduct all banking transactions at Betway, no matter what method you use.
- Click on the button that says “Withdraw.” This will take you to a separate page that will handle all the cashouts from Betway.
- On this next page, select the withdrawal method that you wish to use for your cashout. You will see the full list of available withdrawal methods right here on this page. In this instance, you’ll want to select UPI.
- You’ll be asked to enter in your UPI ID on this next page. This is the information that you will be provided from your UPI wallet. It serves as your identifying information so Betway knows where to send the money.
- Enter the amount of money that you wish to withdrawal. Make sure that if you are taking out money you won from a deposit bonus that you met all the wagering requirements. If you didn’t, the money won’t be available for you to take out of your account.
- Verify that all of the information you have entered here is correct. Then click “submit.”
Betway will then begin processing your withdrawal request to your UPI wallet.
The Betway UPI Deposit Limits
UPI is one of the most popular methods of deposit at Betway and other online gambling operators, and there are many reasons why. One of the top reasons, though, is the fast processing time as well as the limits.
Betway sets lower and upper limits for all deposit methods, as a way to both protect themselves and to protect players as well. The good news is that the limits for depositing to Betway using UPI are very reasonable for players.
The minimum amount that you have to deposit into Betway using UPI is ₹1000. This is a pretty reasonable amount, as it doesn’t require players to have to get a lot of money in their bank accounts before they can transfer it to Betway using UPI to try out any of their great games.
Another great feature of using UPI at Betway is that there isn’t an upper limit for deposits. This means you can deposit as much money as you wish from your UPI account to Betway, without having to conduct multiple deposits or worrying about doing so over a few days due to reaching a limit.
Most of the deposits that are initiated from UPI to Betway will be available in your Betway account just a few minutes after you have clicked submit. This is another great feature, as you don’t have to wait around for the money to become available before you can start gambling.
Get to Know the Betway UPI Withdrawal Limits
Just like deposits, Betway has UPI withdrawal limits in place as well. This, again, is partially to protect them and partially to proect players.
The minimum withdrawal amount from UPI is ₹1000. Again, make sure that if you are withdrawing money that you won by using a bonus or other promotion, you have completely met all the wagering requirements. If you don’t, then you will be prevented from taking the money out of your Betway account.
Another really great part about using UPI at Betway is that there is no withdrawal limit. This means you can take out literally every cent that you have earned in your Betway account in one single withdrawal if you’re using UPI. This is a great feature, as many online gambling sites will put limits in place for how much you can take out at one time.
Another thing to note is that withdrawals at Betway using UPI can take up to 24 hours to process. Most of the time, Betway says it will have the withdrawal request completely processed in about six hours at the most.
From there, though, it could take up to five business days for the money to arrive in your UPI wallet from your Betway account. So, don’t think that you will have the money at your disposal in your UPI wallet within six hours of requesting the withdrawal from Betway.
Are There Any Fees?
Another huge benefit of using UPI at Betway is that there are no fees charged ever for using the service.
Some online gambling operators will charge a fee for processing withdrawals, for instance. They may charge a flat fee on all withdrawals, regardless of the amount. They may charge a percentage of the overall withdrawal amount, up to a certain figure.
No matter how you slice it, any fee that a gambling operator takes from withdrawals or deposits is money that you will be losing. So, it’s very nice to see that you’ll never, ever pay a fee for making a deposit or withdrawal to Betway using UPI.
What are the Advantages of using UPI at Betway?
There are many advantages of using UPI as your deposit and withdrawal method at Betway.
First, it’s very easy to set up a UPI account and to transfer money between UPI to Betway, and vice versa. This may not seem like a big deal, but it really is. Once you have set everything all up at UPI, you can make future deposits and withdrawals with just a few clicks. This reduces the amount of work and headaches that you have to go through.
Second, transactions with UPI are very fast. Almost all deposits using UPI at Betway will process instantly, and be available right away for you to use in your account. You won’t have to sit around and wait hours or days for your transaction to process before you can use your money.
Finally, there are no fees associated with using UPI at Betway at all. Again, this is great because every cent that you earn on the Betway site you can take out and have back in your UPI account.
Are there Disadvantages of using UPI at Betway?
One of the slight disadvantages of using UPI at Betway is that it takes a few days for your money to get back into your UPI account after a withdrawal. This isn’t a huge downside, though, since the same is true for all other payment methods at Betway.
You also will need to complete all your transactions on your phone, so you just have to make sure you have an updated smartphone with the latest version of the UPI wallet’s app.
Betway is one of the best online gambling sites around, and one of the main reasons is that it offers UPI as a payment method. There are many advantages to using UPI at Betway, which we have listed above for you to see.Last Updated on 23/01/2023 ago by Devak Mukherjee
In this article, I have introduced you to the guide and discussed the pros and cons of using UPI to withdraw your Betway winnings. As a popular and trusted payment system, Indian punters will be delighted with its ease of use when betting on Betway.