PhonePe online casinos are popping up all over the Indian market, and yet many punters still don't know what they are. To understand the world of PhonePe deposit casinos, we first and foremost have to understand what PhonePe is.

PhonePe is a digital wallet and an online payment company with headquarters in Bangalore, India. It has been around since 2015 but has become available to wider audiences in 2016 thanks to the mobile app’s launch. It is based on the Unified Payments Interface (UPI) and features payment services, investing insurance, and several other services. Thanks to the license provided by the Reserve Bank of India, you can be sure that everything is legal while depositing at your favourite PhonePe online casino. Also, their mobile app is available in 11 Indian languages, which makes PhonePe incredibly user-friendly, and even players who are not so good at English or the most popular English languages can use it.

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How to Use PhonePe in Online Casinos

Online casinos accepting PhonePe are no longer a rarity, and it is only natural to wonder how to utilize this service for your own benefit. After all, we all want simple, straightforward, fast, secure, and most of all, legal and reliable payment methods at our service. To be sure, you know how to use PhonePe at popular real money casino India sites, we created a small guide.

How to Sign Up

Setting up your PhonePE account may vary, depending on the device you are using. Luckily, the basic steps are all the same, and you won’t have any difficulties even if you use all available platforms with a single account. PhonePe can be used on Android and Apple devices; make sure you download the appropriate app. Basically, the entire signup process looks pretty much like this:

Deposit

The next step in playing at PhonePe casino sites is to make a deposit. After you complete the registration process (with both PhonePe and the casino), all you have to do is deposit money.

Open your playing account and find the Cashier. This is the section of your account dedicated to payments. Sometimes, it is also called Deposits, Payments, Financial, etc. Then, type the amount you want to deposit and choose UPI or PhonePe from the list of available methods. In most cases, you will be redirected to the PhonePE interface, where you have to authorize the transaction by entering the PIN code. Submit the deposit, and the money will be transferred to your PhonePe casino balance in no time.

Withdraw

Of course, depositing and playing are fun, but if there is one thing players adore is a fast and easy payout. Once you have some winnings on your balance, you will want to withdraw them, and this is how you do it!

Log in to your PhonePe gambling account, head over to the Cashier. Then, click the “Withdrawal” button or open a tab of the same name. Type in the amount you want to cash out. It can’t be bigger than your balance. The next step is to choose PhonePe from the available methods, and enter your VPA and request a payout. That’s it! Honestly, it doesn’t get any easier.

Minimum deposit

Before we tackle the minimum amount you can deposit, it is important to understand how the payment company and the casino company might have different ideas on a minimum transaction. And while the payment company will allow transfers of only a few cents, online casinos that accept PhonePe will usually ask for a minimum transfer of $5 or $10. But why is it so, and why can’t you deposit as little as possible. 

Consider this: the payment company handles all types of transactions, millions and millions of them each day. The cost per transaction is much smaller than an online casino that handles ten times fewer deposits. Their minimum transfer is higher, so they can optimize their costs while still providing you with top-notch games.

Additional Fee and Withdrawal Time

All new casinos will give your withdrawal request a pending status that lasts for a day or two. This means the company gives you a chance to make up your mind before they set everything up for the payout. Then, after the processing is done, the money will be with you rather quickly. In most cases, the money will be with you within 24 hours – much faster than in the case of bank wire or credit card!

PhonePe doesn’t charge you any fees, but check out the casino’s policies to see how they handle transaction costs. Some might charge you a little bit of extra, while others won’t take a dime from you. We list all transactional costs in our reviews, so make sure to check them out. 

Pros and Cons

Just like any other payment method, PhonePe has some good and some bad sides. And while the perception of a certain payment method highly depends on the user, some characteristics are still more than obvious. To help you decide if this is the right method for you, we shortlisted some pros and cons.

Advantages

  • Safety – as a payment method regulated by the National Bank of India, it is as safe as it can be. PhonePe headquarters are located in Bangalore, India. You can be sure it is a completely legal and transparent company that provides e-payment services, unlike some other brands you can find online that are completely non-transparent and have trustworthy data so you can check the company behind it.
  • Local payment method – this might not sound like a big deal, but it is. It is a local payment method that guarantees all transactions will be in INR, meaning you can’t lose any money due to unfavourable exchange rates. Furthermore, it is available in 11 Indian languages reassuring all Indian punters will easily navigate it and use it at PhonePe accepted online casinos.
  • Ease of use – yes, e-payments are simple and easy, but not all punters are equally tech-savvy, and after all, some of us even struggle in figuring out how to set up that new app everyone's talking about. PhonePe is simple and intuitive, and the platform directs you each step of the way, so there is no confusion.
  • Low costs – no fees, no worries! All the money that you deposit and withdraw will be available to you, no strings attached, as long as your online casino doesn’t charge some extra operating fees.
  • Disadvantages

    PhonePe in India

    It is estimated there are more than 218 million PhonePe users in India. In October 2020, they processed 835 million UPI transactions, translating into a market share of more than 40% of the total UPI transactions for the month. Impressive!

    PhonePe also reports 100 million active monthly users responsible for more than 2.3 billion app sessions. It is one of the most popular payment methods among citizens living in Tier 2 cities and in Tier 2 cities that make more than 70% PhonePe transactions. This payment method is supported by 13 million merchants in 500 Indian cities, including the ever-growing number of online casinos.

    PhonePe Alternatives

    PhonePe is surely attractive enough to sign up for, but it is not the only payment method around. Here is some decent replacement that also guarantees safe and seamless money transfers:

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    FAQ

    1️⃣ Are there any PhonePe bonuses?
    As a payment company, PhonePe per se can’t offer you any special bonus deals, but you can always expect your favourite online casino will have an offer or two just for you. PhonePe is becoming increasingly popular, and more and more casinos with great bonuses offer are adding it to their list of payment methods.
    2️⃣ Is PhonePe legal?
    PhonePe is completely legal. In fact, it is one of the most regulated and versatile online payment methods available to Indian punters. Thanks to the license provided by the National Bank of India, they can offer their services to Indian customers without any restrictions. Their license number is 75/2014, so you can check it for yourself if you like.
    3️⃣ How much does it cost to deposit with PhonePe?
    PhonePe won’t charge you any fees, so deposits are absolutely free. Also, most online casinos won’t charge you a deposit fee either, and only some of them will charge you costs for handling withdrawals. All high-quality casinos have their fees publicly listed and have nothing to hide, so make sure to check them out before registering.
    4️⃣ Can I use PhonePe on mobile?
    Of course, PhonePE is primarily created to be used on your phone via an app. It is supported by both Apple and Android phones.