Bilbet Payment Options
Overview of payment methods on Bilbet website: deposit and withdrawal methods, minimum and maximum limits, pros and cons of available services, terms of depositing and withdrawing money, advantages and disadvantages of Cash Out option.
Bilbet Payment Options
Betting companies are interested in creating a comfortable environment for betting on sports. To meet the request of the target audience, it has expanded the choice of payment providers, offering certified services – UPI, PhonePe, and Layka Pay. The article reviews all the financial tools provided by the betting site in India.
Bilbet Deposit Methods
Players have no problems when depositing their accounts, as they can use e-wallets, debit cards, and bank transfers for transactions. Below are considered safe services, which are in great demand among the residents of the Indian region.
Methods of replenishment
On the Bilbet website you can deposit in only four ways – via PayTM, UPI, PhonePE, and Layka Pay. Each of them has its pros and cons.
PayTM
Paytm payment system is a unique financial product that entered the digital commerce market in 2010. It combines mobile transfers, banking functionality, and a personal merchant platform with 7,000,000 merchants. As of 2022, it is the leading provider of financial services across India.
A variety of financial services is a distinctive feature of Paytm. Users have access not only to mobile payments and e-wallet analogs, but also to digital banking services.
| ✓ Support for different payment sources – Net Banking, Paytm Wallet, EMI, Paytm Postpaid | ✖ Account verification required |
| ✓ Instant deposit of funds when making deposits at betting companies | ✖ Not supported by all betting sites |
| ✓ Deposit via NetBanking |
UPI
The UnionPay international payment system is the world’s largest provider of money transactions. Users can pay for Internet services, including interactive betting operators, using cards from different banks.
| ✓ UPay cards are accepted in 180 countries | ✖ Limited choice of banks |
| ✓ A convenient app for mobile payments | ✖ Binding to Google Pay and Apple Pay is not possible |
| ✓ Fast withdrawal of funds |
PhonePE
The PhonePE digital wallet is designed for instant online payments. In 2016, a mobile application was launched in 11 Indian languages. It can be used to send and receive money, make utility payments, and top up your cell phone account.
The PhonePE application is used by more than 280,000,000 people, a third of whom are residents of India. The service’s popularity is largely due to the fast processing of transactions and the security of payments.
| ✓ Problem-free depositing in betting networks | ✖ Obsolete application interface |
| ✓ Instant money transfer | ✖ An overabundance of advertising banners |
| ✓ Supported by 30 million websites worldwide | |
| ✓ Payments by QR code |
Layka Pay
The Layka Pay payment system is a simple and affordable solution for online payments. It is in less demand than PayTM or UPI, but it is only a matter of time. The service is attracted by the absence of fees for transfers between internal wallets and by the reliable protection of funds and confidential information.
| ✓ High speed of payments | ✖ Identity confirmation and profile verification required |
| ✓ Multilevel security system | ✖ Personal data may be disclosed to financial institutions that issue bank cards |
| ✓ No commission for internal transfers | |
| ✓ Transaction support with Visa, MasterCard, PhonePe, UPI |
Minimum limits
Each payment system on Bilbet website provides players with special conditions concerning the scheme of transactions and commissions. The bookmaker accepts payments from 300 INR, and the lower payment threshold does not depend on the choice of financial service.
| Payment system | Minimum deposit, INR | Maximum deposit, INR |
|---|---|---|
| PhonePe | 300 | 30 000 |
| UPI | 300 | 30 000 |
| PayTM | 300 | 50 000 |
| Layka Pay | 300 | 30 000 |
The Bilbet website does not charge a deposit fee. But some payment systems charge from 0.5% to 3% for using their services.
Timing of replenishment
Funds are credited to the game account within seconds after confirmation of the transaction. If the money was debited from the bank card or e-wallet, but not credited to the service of the betting company in the next hour, contact support.
Bilbet Withdrawal Methods
You can withdraw money from your Bilbet account to e-wallets, bank accounts, and credit or debit cards. And the bookmaker company does not charge a commission for transfers.
Withdrawal methods
On Bilbet withdrawal are available in three ways. The choice of payment systems is small, but they are in demand among almost all residents of India:
- PayTM. One of the most reliable and secure services for online payments. Every day it processes millions of transactions, with no delays in crediting. Its advantages include: QR scanning, instant online transfers, and discounts for regular users.
- Layka Pay. The payment system guarantees trouble-free withdrawal of funds from any site, including betting shops. It is possible to transfer funds not only to Layka Pay wallet, but also directly to Visa or UPI cards.
- IMPS. This is a system of immediate interbank transfers, which is ideal for transactions via telephone. All transactions are processed in real-time, which ensures the fastest possible receipt of funds.
Minimum limits
At Bilbet minimal withdrawal is 300 INR. The maximum amount that can be withdrawn in one payment depends on the choice of service.
| Payment system | Minimum deposit, INR | Maximum deposit, INR |
|---|---|---|
| IMPS | 300 | 100 000 |
| PayTM | 300 | 30 000 |
| Layka Pay | 300 | 50 000 |
Note: the bookmaker has imposed restrictions on the frequency of withdrawal – no more than once per day.
Bilbet uses different ways to protect against fraud, in particular, offering players to make a one-time deposit turnover. Until this condition is met, the amount spent on sports forecasts is available for withdrawal.
Requests for money withdrawal are not accepted until the player has won active bonuses – free spins, bets, and cash credits. Check the wagering conditions on the page with the offer.
Withdrawal deadlines
According to Bilbet staff, withdrawal requests are processed within 24 hours. Cashout time is the same regardless of the service chosen by the player. Delays are possible only if the bookmaker initiates account verification. Usually, the verification procedure takes no more than 72 hours, but may take up to 5 days if a video conference is necessary.
Bilbet Cash Out
The redemption function is the calculation of the bet before the end of the match. It serves to fix profits in the case of favorable development of events and prevent losses if the player realizes that he made a wrong prediction.
Essentially, Cash Out is betting insurance, which is reduced to the push of a button. In Bilbet, the option has been taken to a new level: the bettor can request early redemption of the whole bet or only a part of it.
How Cash Out is Calculated
Before using the option, the user can calculate the net loss/profit excluding the bookmaker’s commission:
( P × (K1 – 1) – P × (K2 – 1)) / K2, where:
- P – the amount of the bet;
- K1 – starting coefficient;
- K2 – the coefficient at the time of rate calculation.
Consider the calculation of net profit as an example. Let’s take the game between two soccer teams, A and B. Let’s assume that Bilbet gives odds of 3 on B’s win. The bettor bets INR 1,000 on them. The first half ends in favor of B with a score of 0-1. The match continues, and the odds-on B’s win are more than halved to 1.40. Team A tries to catch up and attacks the opponent’s goal more and more often.
How much will the better get now if he insures the bet on B’s victory? So, let’s do the math:
(1000 × (3 – 1) – 1000 × (1.40 – 1)) / 1.40 = 1142.
If a player uses the Cash Out feature, his net earnings will be 1,142 INR.
It should be taken into account that early redemption rates have both advantages and disadvantages:
| ✓ Possibility of profit/loss fixation | ✖ Cash Out is less profitable than full-fledged betting insurance |
| ✓ Rate calculated in 1 click | ✖ The margin of redemption of expresses is higher than the order |
| ✓ The betting ransom adds excitement to the game |
FAQ
How to make a deposit without commission?
All of the financial instruments listed on the site allow you to make transactions without a commission fee from the bookmaker.
How much money can be cashed in one transaction?
The minimum amount is 300 INR and the maximum is 100,000 INR, but only if you use IMPS. For other payment systems, the cashout is limited to 30 000 INR and 50 000 INR.
In what currency can I withdraw money?
The bookmaker’s office was created for Indian players, so all money transactions are done in INR.
What to do if the money is not received on the gaming account?
When you top up your balance, the money is credited instantly. If it has been debited from your wallet or card but has not been credited, contact the technical support team, which communicates in English.
Can I use cryptocurrency for payments?
At the moment, the site does not cooperate with cryptocurrency services. You can use mobile payment systems, make international bank transfers, and withdraw money to Visa cards.