Fun88 PhonePe Withdrawals – #1 Guide 2023

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Fun88 is one of the most popular online betting sites in the world, and there are many reasons for that. The site offers a wide selection of betting options and great odds. They offer excellent safety and security for players, as well as a legitimate gambling license. They offer wonderful bonuses and promotions that reward players for all sorts of different things. 

Fun88 also offers a solid selection of payment methods so that players can make a number of different choices on how they want to get money into and out of their gambling accounts. One of the most popular ways to do this in India is PhonePe. If you don’t already have a PhonePe account, you can follow our guide below to find out how to create one.

We’ll also provide information about PhonePe as it relates specifically to Fun88, so that you can decide whether this is the payment method that would work best for you at this gambling site. 






How to Create an PhonePe Account?

Logo PhonePe

If you don’t have an account with PhonePe, it’s very easy to set up a new one that you can then use to make deposits and withdrawals at Fun88. Completing the process will only take a few short minutes. Just make sure that you have a mobile phone, as you’ll need it for it to work.

Follow these steps to set up a new PhonePe account.

  1. You need to download a mobile app to use PhonePe, so this is the first step in setting up a new account. You can download the app either from PhonePe’s website or directly from the Google Play Store. 
  2. After you’ve downloaded and installed the mobile app on your phone, simply open it up. Then, you’ll be asked to enter your mobile phone number in. It’s best if this is the same mobile phone number that you use to link to bank accounts that you use. This will streamline the process of using PhonePe at Fun88.
  3. You will next be sent a five-digit verification code to the mobile phone number that you entered. You’ll need to enter this verification code into the PhonePe app to verify your account. It shouldn’t take long at all for you to receive this verification code, though you can request a new one be sent if you haven’t received it after 30 seconds.
  4. Next, you’ll need to link a bank account to your PhonePe account. PhonePe will provide a list of all bank accounts that you have already linked to the same mobile phone number, which again makes it best to use that same number. Should the bank account that you want to use at PhonePe be registered with a different phone number, then you’ll need to start the process over and register PhonePe with that same number. Or, you could update the phone number on file with your bank account.

After you’ve done this, you will be ready to send and receive payments using PhonePe. You can now head over to Fun88 to do all the transactions you want at the gambling site.

Mobile Fun88_1
Fun88 accepts PhonePe

How to Withdraw Money from Fun88 via PhonePe?

Now that you’ve set up your PhonePe account, it’s time to withdraw money from Fun88. Luckily, it’s very easy to do this, as the entire cashout process at Fun88 (read the comprehensive article) is quite simple. It’ll only take a few steps to complete the process so that you can get your money out of Fun88 and into your PhonePe account for full use.

Follow the steps we have provided for you here …

  1. Visit the Fun88 gambling site. You can do this through a web browser on your mobile device or traditional computer, or you can do so through one of the site’s mobile apps. Then, log into your Fun88 account. You’ll use the same credentials that you set when you initially created your Fun88 account.
  2. Now that you’re logged in, a button that says “Withdraw” will appear. It’ll be at the top of the site (no matter how you get there), and will be alongside buttons labeled as “Deposit” and “Transfer.” If you can’t find this button, you can also navigate to your profile center. Once there, you can click the “Withdraw” link, which will be easily visible.
  3. You’ll be taken to another page that will list all of the withdrawal methods that Fun88 makes available for players. Just click on the cashout method that you want to use. In this case, you’ll select PhonePe.
  4. You’ll next have to enter your PhonePe account information, which is a VPA (or virtual payment address). This serves as your unique “key” that is associated only with your account. It’s unique just to your wallet, and will be specific for each UPI method, including PhonePe.
  5. Enter the amount that you want to cashout from your Fun88 account. Just make sure that you are meeting the site’s minimum cashout amounts, which we’ll describe in more detail below. Then, click “Submit.”
  6. Go to your PhonePe app so that you can verify the transaction. In the PhonePe app, you should receive a notification that lays out the details of the withdrawal request. Make sure that all of this information is correct. Once you’ve done that, you’ll approve the withdrawal request by entering the PIN number that you have set up for your PhonePe account.

At this point, you will have completed everything you need to do on your end to request a cashout from Fun88 via PhonePe. The gambling site will now take over and process your transaction request so that you can get your money in a timely fashion.






Fun88 PhonePe Deposit Limits -> What are they?

Almost every gambling site sets deposit limits in place for all of their available payment methods. This is done in part to provide protections to both the players and the site, in terms of both responsible gambling and also fraud prevention. Fun88 is no different in this regard, but it’s positive to note that the limits are very reasonable.

For PhonePe, Fun88 sets a minimum deposit amount of INR100. This is quite reasonable. It doesn’t require players to have a lot of money in their bank account before they can transfer it over to Fun88. It allows players to try out new bets and offerings without making a huge investment. And it allows them to take advantage of the many bonuses and promotions on the site without requiring too much money to do so.

Website Fun88
The Fun88 homepage

The maximum deposit amount is also reasonable — INR50,000 for all PhonePe transactions. This is solid, as most players will be able to deposit all the money they’d want to bet with in one transaction. Even higher-roller bettors will be happy with this limit, though if they want it to be raised, they can always try to reach out to Fun88’s customer service team.

A huge positive to using PhonePe for deposits at Fun88 is that all transactions process instantly. The moment after you click submit on your deposit, the money will be available to use in your Fun88 betting account, as well as the bonus/promotion amount you qualified for.

It is important to note that it may take up to a day or so for the transaction to reflect in your bank account.

Fun88 PhonePe Withdrawal Limits -> What are they?

Just like there are deposit limits at Fun88, there are withdrawal limits, too. These are also put in place in part to protect players and the site itself from fraudulent transactions, and to also limit the amount of fees the site has to incur for processing these transactions.

At Fun88, the minimum withdrawal amount using PhonePe is INR500. This is very reasonable. Players don’t have to build up a huge amount in their bankroll in order to take money out and use it how they wish in their life. This gives players a lot of freedom to do what they would like with their hard-earned money — which is the best idea.

The maximum withdrawal amount is also reasonable at INR 1,000,000. This means that most players won’t have to worry about having to request multiple cashout transactions just to get all their money out. Even high-rollers and those who are able to land a really big payout can still get all their money out and into PhonePe at once.

All PhonePe withdrawal transactions will process within 24 hours. Then, it may take up to two business days for the money to actually appear in your bank account that’s linked to PhonePe, though it may not even take that long.

Keep in mind that if you are trying to cashout funds you got from a bonus or promotion, you’ll need to meet the wagering requirements as set by Fun88 first. If you don’t, then the transaction request will automatically be denied. 






Are There Any Fees?

One of the great parts about betting at Fun88 is that the site never charges any fees for transactions ever — no matter what method of payment you choose. Players love this fact, as it means that all of their hard-earned money will remain theirs and won’t go to the site just for the “privilege” of playing there.

So, if you want to use PhonePe to make deposits and withdrawals at Fun88, know that you will never have to pay a fee to do so.

What are the Advantages?

Horse racing

There are many advantages of using PhonePe at Fun88. One is that PhonePe is extremely easy to set up. You just need to download an app, enter your mobile phone number, connect your bank account and you’re good to go. All future transactions from there are very easy.

Another major advantage is that transactions using PhonePe don’t take long to process. You can use money you deposited into Fun88 right away, and it’ll only take a day or so to get your money out of the account, too.

What are the Disadvantages of using PhonePe at Fun88?

Big Logo Fun88

There aren’t many disadvantages of using PhonePe at Fun88. One is that you need to have a mobile phone to use PhonePe, though almost everyone who bets online will have one.

Another is that you’ll have to connect the same mobile phone number to your PhonePe account as the bank account you want to use, though again, that’s not difficult for most people to do.


Fun88 is one of the best betting sites on the market, and PhonePe is one of the best ways to conduct financial transactions on it. We have provided all the details you would need to know about PhonePe and using it at Fun88 above.

Last Updated on 23/01/2023 ago by Devak Mukherjee

Devak Mukherjee

In this article, discussed all the details and the advantages and disadvantages in withdrawing money using PhonePe on Fun88 in 2023. With many advantages, PhonePe is definitely one of the best payment methods that you can use at Fun88.

Devak Mukherjee has a masters degree in statistics and economics. Over the last couple of years he has specialized in sports betting and passionately teaches punters how to improve their odds with proven betting strategies.

Devak Mukherjee