ICCWIN Payment Options
Payment methods in ICCWIN: an overview of deposit and withdrawal methods, advantages and disadvantages of payment systems, deposit and cashout limits, and terms of funds crediting. Learn all about the advantages of PayTM, IMPS, iPay, Rupee-o, UPI, and features of the Cash Out option.
Variability and security of financial transactions is a crucial advantage of ICCWIN. The calculation of bets is made without delays, the maximum winnings are not cut for no apparent reason. Certified services are available for transactions: PhonePe, UPI, IMPS, and PayTM. So, the risk of leakage of confidential information is minimized.
ICCWIN Deposit Methods
The official website of the betting company is translated into English, so Indians do not have any difficulties when working with the cash register. What methods are used to deposit; the same tool should be used when making a withdrawal request. If the deposit was made with a bank card, the player would not be able to withdraw his winnings to an e-wallet or bank account.
There are different ways to deposit to ICCWIN Deposit. All of them are convenient for users from India. You can deposit your account using local banks, mobile payment systems, and interbank transfers.
IMPS
Immediate Payment Service (IMPS) is one of India’s most popular electronic payment methods, launched in 2010. It offers financial transactions between different bank accounts using a mobile device. The service is available 24 hours a day, including holidays.
IMPS cooperates with reliable banking institutions:
- ICICI Bank;
- State Bank of India;
- HDFC Bank;
- Kotak Mahindra Bank.
It is a fast-growing system of digital payment methods used by millions of people in all Indian states. It has a daily turnover of at least $3.5 million.
PayTM
PayTM combines elements of a merchant platform, mobile remittance, and banking functionality. In 2022, it became the leading financial services service in India, as evidenced by over $4,000,000 in daily transactions.
PayTM supports multiple payment sources:
- Net Banking;
- EMI;
- Paytm Wallet;
- Paytm Postpaid.
Users are also offered analogs of virtual wallets and mobile payments. Transactions are processed almost instantaneously, which guarantees ICCWIN account replenishment within seconds after transaction confirmation.
iPay
The iPay service is recognized as the best MasterCard partner among financial service providers in India. It is designed to pay for Internet services and goods from a mobile device account. Its uniqueness lies in the possibility of transactions without specifying bank card or current account details.
The history of financial transactions is saved so that you can make a subsequent payment at the touch of a button. For smartphones with Android developed a separate application with which you can transfer funds to the game account ICCWIN literally in a couple of minutes.
PhonePe
PhonePe virtual wallet is a convenient tool for making payments in the online environment. A little more than six years ago, the company had an application for mobile devices, the interface of which is translated into 11 Indian languages. It can be used for:
- Sending and receiving money;
- Payments for Internet services;
- Recharge your phone account.
The service is in demand among Indian bettors, which is largely due to the instant processing and security of transactions. In addition, the PhonePe service offers quick payments by QR code.
UPI
UnionPay is an international online payment system designed to pay hundreds of thousands of sites worldwide, including sports betting. UPI virtual cards are listed in 180 countries, including India.
Modern data encryption technologies are used during transactions. So the probability of interception of payment details by cybercriminals is practically eliminated. The UPI service is ideal for mobile payments, but linking the wallet to Apple Pay or GPay is not available.
Minimum limits
All financial transactions on the ICCWIN website are free. The betting company does not charge any commission for depositing the account. The minimum amount for all available services is 200 INR.
| Payment system | Minimum deposit | Maximum deposit |
|---|---|---|
| IMPS | ₹500 | ₹100 000 |
| iPay | ₹200 | ₹50 000 |
| PhonePe | ₹200 | ₹50 000 |
| Rupee-o | ₹500 | ₹100 000 |
| PayTM | ₹200 | ₹50 000 |
| UPI | ₹200 | ₹50 000 |
| Bank Deposit | ₹200 | ₹50 000 |
Note: you must deposit ₹500 or more to be eligible for the welcome bonus.
Timing of replenishment
Whatever deposit method you use, funds will be credited almost instantly. But be aware that banks may reject transactions to betting platforms. If you can’t deposit by card, use any other alternative service.
Attention! In rare cases, there can be delays in carrying out financial operations, but they are no more than 1 hour. If the money was debited from your card or virtual wallet, but still did not come to your ICCWIN account, ask for help from the support service.
ICCWIN Withdrawal Methods
In ICCWIN you can pay to electronic wallets, cards from Indian and international banks, and mobile payment systems. There is no commission fee from the betting operator. However, 0.5-3% of the amount may be charged by the financial provider for the provision of services.
iPay
The iPay mobile platform cooperates with Visa and MasterCard. Transaction fees depend on the counterparty’s policy and range from 0% to 4%. Its advantage is that transactions can be performed even without registration. But for authorized users the choice of options is much wider: they have a personal account with individual settings.
The main advantages of iPay:
- Free use of the service;
- Support for payment templates;
- Payment for online services without registration;
- The system of bonus accumulation.
The service supports SSL encryption so that transactions are processed according to the ISO/IEC-27005 security standard.
PayTM
Discounts for regular users, instant transfers, and QR-scanning are the main advantages of PayTM. The service supports bank cards Mastercard, Visa, and RuPay. It is among the market leaders in the POS category along with such a giant as Pine Labs. In addition to digital payments, it offers financial services, virtual wallet transactions, and asset management.
IMPS
The system of instant interbank transactions is in demand among mobile users. Money transactions are processed in real-time, so funds are credited almost instantly. Only three conditions must be met for Internet banking via IMPS:
- Create an account;
- Get an MPIN from a bank or MMID;
- Download the app on your phone.
Currently, Immediate Payment Service is used by several dozen Indian banks, as well as 24 PPIi.
UPI
The UPI payment system is in partnership with 1,000+ financial institutions worldwide. Its cards are issued in dozens of Asian and European countries, including India. They are convenient not only for Internet payments but also for cash withdrawals. Users can convert money on favorable terms, losing a minimum of money on fees.
Minimum limits
At ICCWIN betting company the minimum withdrawal is 1 000 INR. The bookmaker does not charge a withdrawal fee. But it processes requests only for verified profiles. If you have not yet verified your contact details and identity documents, do so before the first withdrawal of your winnings. Otherwise, ICCWIN will reject the request.
| Payment system | Minimum output | Maximum output |
|---|---|---|
| iPay | ₹1 000 | ₹50 000 |
| PayTM | ₹1 000 | ₹50 000 |
| IMPS | ₹1 000 | ₹50 000 |
| UPI | ₹1 000 | ₹50 000 |
| Bank Deposit | ₹1 000 | ₹50 000 |
Withdrawal deadlines
All requests for cashout are accepted by ICCWIN within 6 hours. Before approving them, the specialists check whether the user is playing fairly. It should be borne in mind that the speed of payments depends not only on the bookmaker. They may be delayed due to the slow processing of transactions by the financial institution. In rare cases, withdrawal times are extended due to software malfunctions.
The easiest and fastest way is to transfer money to a virtual wallet. Usually it takes no more than a day. It takes at least 2-5 days to withdraw funds to bank cards.
| Payment system | Withdrawal deadlines |
|---|---|
| Bank Deposit | 3-5 days |
| PayTM | 1-2 days |
| iPay | 1-2 days |
| IMPS | 3-5 days |
| UPI | 1-2 days |
ICCWIN Cash Out
Cash Out is the possibility to sell bets to the bookmaker before the end of the match. Early bet settlement is applied in three cases:
- The team on which the bet is placed wins. But the forecaster doubts that it will be able to keep the advantage. If he uses the Cash Out option, the amount received will be less than the winnings after the end of the sporting event.
- The selected team loses, and its chances of changing the course of the event are slim. In such a case, the bettor sells the bet to the bookmaker in order to get back a part of the bet amount.
- A user placed a bet by mistake. In ICCWIN BC you can’t cancel a bet, but you can sell it.
Cash Out is an excellent alternative to overlapping bets, which are often placed to compensate for losses in case of an unfavorable outcome of the previous bet. But before using the option, the bettor should calculate the amount of possible loss or gain using this formula:
(M×(P-1)-M× (C-1)) ÷C, where:
- M – the amount of the bet;
- P is the starting coefficient;
- C – the coefficient at the time of the cashout.
Note: the formula does not take into account the commission of the bookmaker’s office. Therefore, the actual profit will be less than the calculated one by about 5-15%.
Let’s consider a situation where selling a bet to a bookmaker is profitable. Let’s say the prognosticator bets on Liverpool’s win against Roma. At the time of the deal, the odds are 1.50 and the bet size is 15,000 INR. If it goes through, the winnings will be 22,500 INR. In the first half, the English are leading 2-0.
ICCWIN offers the player a bet for 18,000 INR. The user can take the money now, although 4,500 INR less than the potential winnings, or risk it all because the Italians have a chance to win back in the second half.
Advantages and disadvantages of Cash Out:
- Reduction of losses at an unfavorable course of the game
- Insurance against loss if there is no certainty that the selected team will keep the lead until the end of the match
- Instant crediting of the game account
- Frequent use of the service leads to losses at a distance
- Double margin is withheld in case of early rate calculation
FAQ
Can I refill my account with someone else’s bank card?
No. Financial transactions must be made only by the owner of the gaming account using personal bank cards and electronic wallets.
Is it possible to withdraw money to a bank account?
Yes, you can transfer funds to a checking account if it is registered in your name.
I topped up my account with a card, but the money did not come. Why not?
Most likely, your bank rejected the transaction in favor of the gambling site. If the funds have not been returned to your card, contact the technical support of the financial institution.
How do I set a deposit limit?
This option is not available in myAlpari. If you want to set a limit on the amount of a weekly or monthly deposit, contact the ICCWIN staff at: [email protected].
What commission is charged for currency conversion?
ICCWIN does not provide currency exchange services. It is focused on Indian users, so all calculations are made only in INR.