BHIM
BHIM is an abbreviation for Bharat Interface of Money, it is a mobile payment app developed by the National Payments Corporation of India (NPCI). Launched in 2016, BHIM is based on the Unified Payment Service (UPI) and aims to facilitate fast, easy, and secure e-payments directly through banks, promoting a shift towards cashless transactions. This review will delve into the details of BHIM as a payment method, particularly in the context of online casinos.
BHIM: A Snapshot
BHIM is a popular payment app in India and is accepted by several online casino sites. The app allows users to make simple, easy, and quick transactions using UPI. Payments can be made directly to anyone on UPI using their UPI ID or by scanning their QR code. The service can also be used to receive money through a BHIM UPI ID.
Setting Up a BHIM UPI ID
To create a BHIM UPI ID, users need to download and install the BHIM app from the Google Play Store or Apple App Store. After selecting the preferred language and the SIM card linked with a bank account, users can set a 4-digit application password and link their desired bank account. A UPI PIN can be set by providing the last six digits and the expiry date of the debit card. Once these steps are completed, the account is ready for use.
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Making Online Casino Deposits with BHIM
Depositing money into an online casino account with BHIM is a straightforward process. After signing up for an account at an online casino that accepts Indian players and BHIM as a payment method, users can select UPI as their payment option, enter their UPI ID and the amount they wish to deposit, and confirm the transaction by entering their UPI PIN. The deposit is processed almost instantly, and there are no charges for making online casino deposits through BHIM, although some banks might charge a nominal fee for UPI transactions.
Withdrawing from Online Casinos with BHIM
To withdraw money from an online casino using BHIM, users need to select UPI as their withdrawal option, enter their UPI ID and the amount they wish to withdraw, and confirm the transaction. Withdrawals might take between 1 to 5 business days, depending on the bank and the chosen casino site.
Benefits of Using BHIM
BHIM UPI offers several advantages as a payment method for online casinos. Deposits are processed almost instantly, and users do not need to remember their Virtual Payment Address (VPA) as it is available in their BHIM account details. Over 150 banks are affiliated with UPI as a payment method, and all leading online casino sites support BHIM UPI. The deposit fees charged per transaction are nominal.
Safety and Security with BHIM
BHIM uses some of the most secure systems possible as it facilitates transactions using UPI, which is managed by the NPCI. NPCI is certified with three different ISO certifications, and for data encryption, they use the latest encryption technology by RapidSSL. This ensures that all transactions with BHIM are completely safe and secure.