UPI, aka the Unified Payments Interface, is a payment system meant to be lightning fast. This system was introduced by the National Payments Corporation in India. Now, it is regulated by the Reserve Bank of India. UPI took over the payment market by storm soon after its launch. Indians loved the concept of faster payments and hence started using UPI payment options.
This resulted in a huge surge in UPI start-ups. And the most popular payment options we know today emerged. Paytm, Google Pay, Mobikwik, Freecharge, and others are some examples. Naturally, the online casinos wanted to hop on the bandwagon as well. Many UPI casinos, as well as betting sites, took birth. The casinos that already existed started offering UPI payment options. There were a variety of different UPI options. As a result, Indian gamblers were happier than ever.
UPI Withdrawals Does Not Exist
Thanks to UPI, depositing at casinos became a breeze. However, withdrawal remained a problem. Note that UPI isn’t designed for efficient withdrawals. Hence, many betting sites stopped offering withdrawals. So, today we have very few betting sites that may allow you to make withdrawals via UPI. Even if you find such betting sites, they are rarely worth it. Trust me, as I have been there and done that! And UPI withdrawals are something I would never recommend.
However, the silver lining in all this is that there are many other withdrawal alternatives. Moreover, these methods are quick, easy, and hassle-free. I will now be talking about all these methods in detail. So, let’s begin!
Better Alternatives for UPI
Bank transfer is the oldest and most reliable method of transferring funds from one bank account to another. However, bank transfers take time to process. This is because they haven’t been altered and updated much over the years. Indeed there are various speedier and more convenient financial products such as credit and debit cards, e-wallets, and others. But a lot of people resort to bank transfers to make payments and withdrawals at online casinos.
Banks typically charge higher on wire transfers. This can be an issue for some players. Note that the fee amount is different for each bank. So, why should you use bank transfers as a payment method for online gambling? Well, it allows you to withdraw enormous sums of money in a single transaction.
This eCommerce payment method was formerly known as Moneybookers. It specializes in low-cost international transfers and facilitates money transactions over the internet. Skrill has been a popular withdrawal option in online casinos in recent years.
You don’t have to submit personal information like credit card numbers or addresses on the casino site if you use Skrill. Also, you can add funds to your account using Skrill’s eWallet. This means that your payments and withdrawals circumvent financial institutions.
Moreover, you can make withdrawals directly without paying additional fees from financial institutions. Skrill comes in handy for gamers who wish to play at online casinos but are unable to do so because of their bank’s restrictions.
PayPal is a popular payment option that people often use. You can use PayPal to send and receive money, as well as withdraw casino winnings. However, as compared to other popular e-wallets, the number of online casinos that accept PayPal for withdrawals is quite modest.
Keep in mind that Paypal charges withdrawal fees. However, the fee is quite modest so that shouldn’t be a problem. To use Paypal, all you have to do is authorize your bank account or credit card. The casino will then transfer the money to your PayPal account with a single click.
When it comes to moving funds from and to your favorite online casino, you can rest assured that PayPal is one of the greatest solutions available. Moreover, the organization takes various measures to guarantee unrivaled levels of security to its consumers.
Visa and Mastercard
Another popular withdrawal method is your Visa and MasterCard. The biggest benefit of using these cards is that you do not need to create any separate accounts. You can be assured of secure withdrawals as they are trusted brands.
Another good thing is that there are no charges when making a withdrawal. However, the withdrawal process can be a little confusing for some people. So, make sure you know what you’re doing. Most banks provide instant withdrawals. However, occasionally the withdrawals may take a few hours.
The final withdrawal option I have for you is MuchBetter. This is a pretty underrated method of withdrawal, and not a lot of people know about it. It is a type of eWallet, just like Skrill. Believe me when I say that MuchBetter is “much better,” haha! The platform is easy to use and is a terrific way to receive and send money. Also, you can make online purchases with it.
Many gambling sites now accept this trustworthy eWallet as a banking method. This is because the makers have optimized it for online gambling financial transactions. MuchBetter is incredibly popular among Indian gamblers. Thus, it’s difficult to find an Indian online casino that doesn’t accept it.
You can fund your online casino account with MuchBetter. Moreover, the eWallet also boasts of minimal costs and quick transaction times. It also has a terrific rewards system for regular customers and unparalleled safety and security. Do you know why Indian bettors prefer MuchBetter? It is because of the ease with which they can use it to make payments at online casinos, sportsbooks, and poker rooms.
When it comes to online gambling, safety and security should be non-debatable. MuchBetter acts as a middleman for financial transactions. Hence, you don’t have to provide any personal or financial information to an online casino if you use this method.
UPI withdrawals are often confusing and come with many hurdles. All of the withdrawal methods mentioned above are the best alternatives to UPI withdrawals. As you can see from the list, eWallets are the most prominent, as they should be. They are quick, hassle-free, and protect your personal information. So, if I were you, I’d immediately register on Skrill or MuchBetter